Cryptocurrencies - Digital Transactions - Public Transformations

Duration:

1.1.2017 - 31.12.2017

Abstract:


Cryptocurrencies are digital means of payment and are emerging besides the “old” payment method cash as a “new” currency. Bitcoin is the best known decentralised cryptocurrency so far. Since 2009, it has been used more and more for payment and as a speculative financial asset. Innovations like Bitcoin are challenging our society. The coexistence of traditional and modern (digital) currencies provokes tensions. If decentralised cryptocurrencies are being used like centrally organised money and if those currencies finally replace cash, the state will be transformed. Individual freedom and public participation will change. Traditional tools of governance to ensure and improve social cohabitation could become ineffective. Public funding of state functions like social welfare could be at stake. The law is insufficiently prepared to cope with these developments. The current project will illustrate public transformations triggered by technological progress. Moreover, it aims to develop new regulatory models for these phenomena


Projektpartner:

Univ.-Prof. Dr. Tina Ehrke-Rabel, Department of Fiscal Law, Karl-Franzens-University Graz

Univ.-Prof. Dr. Iris Eisenberger, M.Sc. (LSE), Institute of Law, University of Natural Resources and Life Sciences, Vienna

Univ.-Prof. Dr. Richard Sturn, Department of Public Economics, Karl-Franzens-University Graz

Prof. Dr. Sebastian Pfotenhauer, S.M. (MIT), Munich Center for Technology in Society (MCTS) & TUM School of Management, Technical University of Munich


Lecture 'Governance of Emerging Technologies'

During the summer term 2017 the seminar ‚Governance of Emerging Technologies’, held by Univ.-Prof. Dr. Iris Eisenberger, M.Sc. (LSE) focused on legal perspectives concerning Blockchain. Eventually, this technology was the foundation for cryptocurrencies. Meanwhile it is also applied within other disciplines, such as the energy sector. The lecture should give students the opportunity to analyse pros and cons surrounding emerging technologies in general and Blockchain in detail.

As part of the lecture a guest speaker, Dr. Clemens-Wagner Bruschek from E-Control gave an interesting talk on ‘Blockchain – Energy markets in chains?’ which can be found following this link.

The very successful seminar will be continued in the summer 2018. This year the focus will be upon Artificial Intelligence and Deep Learning. The lecture will be blocked in the second half of the summer term (May / June).

Further details concerning registration, dates and learning outcomes can be found on BOKUonline.