2. Background Information
§ Privacy & Sustainable Computing Lab
§ Launched September 2016: launch event with various important stakeholders:
technologists, standardization, activists…
§ Mission: Developing sustainable and privacy-preserving computer systems by
bringing together computer science & human-centric behavioral science
Prof. Sarah
Spiekermann
(Founder)
Prof. Axel
Polleres
(Founder)
Dr. Sabrina
Kirrane
(Founding
Director)
Dr. Ben
Wagner
(Director)
http://www.privacylab.at/
3. Background Information
MISSION
Developing sustainable and privacy-
preserving computer systems by
bringing together computer science &
human-centric behavioral science.
Humanities Computer Science
Open Data
Artificial Intelligence
Net Neutrality
Online Privacy
Ethical Design
Open Standards
Big Data Analytics
Public Policy and Legislation
Data Science
Legal
Fragmentation
5. Background Information
DALICC is funded by the Austrian
Federal Ministry of Transport,
Innovation and Technology
(BMVIT) under the program "ICT
of the Future" between
November 2016 - October 2018.
More information
https://iktderzukunft.at/en/
https://www.dalicc.net/
9. Cryptocurrencies:
Bitcoin wallets
In Bitcoin, a private key is a 256-bit number,
which can be represented one of several ways.
http://bitcoin-wiki.com/bitcoin-wallet/
https://www.bitcoin.com/choose-your-wallet/xapo
https://courses.cs.ut.ee/2015/
infsec/fall/Main/PKC-PKI
10. § When one bank sends money to
another, no physical currency
changes hands.
§ Banks and settlement systems use
central electronic ledgers to track
assets.
§ But they can be slow and
inefficient, often relying on faxes or
manual input.
§ That not only wastes time but racks
up fees.
§ The system is also open to hacking
and fraud.
FUSSZEILESEITE 10
Cryptocurrencies:
The bitcoin Ledger
https://www.ft.com/content/454be1c8-2577-11e5-9c4e-a775d2b173ca
13. § Initial Coin Offerings can be
considered as an alternative form of
crowdfunding that has emerged
outside of the traditional financial
system.
§ An Initial Coin Offering is an event
that usually extends over a period
of one week or more and in which
everyone is allowed to purchase
newly issued tokens in exchange
for established cryptocurrencies like
Bitcoin (BTC) or Ether (ETH).
§ There are different models:
§ Static goal and static price
§ Dynamic goal and dynamic price
§ Dynamic goal and static price
Cryptocurrencies:
Initial Coin Offering
https://www.cryptocompare.com/coins/guides/how-does-an-ico-work/
“Remember not to invest more than
what you can afford to lose and to
research the technology and team
behind the project. Good luck!”
14. § ICO Period: 20 July 2014 - 2
September 2014
§ Funds gathered (USD):
$18,439,086
§ Funds gathered (BTC): 31,529.49
§ Tokens distributed: 60,000,000
Cryptocurrencies:
Initial Coin Offering
https://www.cryptocompare.com/coins/guides/how-does-an-ico-work/
“Remember not to invest more than
what you can afford to lose and to
research the technology and team
behind the project. Good luck!”
17. Cryptocurrencies:
Fluctuation
https://www.coindesk.com/price/
96% of economists surveyed by
the Wall Street Journal in
December 2017 believe bitcoin’s
price surge is driven by
speculation on the future
potential of blockchain
technology, which provides
secure value transfer over the
internet.
http://fortune.com/2017/12/17/bitcoin-
record-high-short-of-20000/
18. 12 Reasons Bitcoin Could Fall
Below $1,000
§ Regulation could have the biggest
impact
§ There is no “value” to it
§ Volatility can create nervousness
§ Leverage can be very bad
§ A shakeout is coming
§ ICOs (Initial Coin Offerings)
§ Hacking theft of CCs
§ FOMO or Fear of missing out
§ Bitcoin mining scams
§ Becomes too associated with
criminals and rogue states
§ Third parties changing their
minds
§ Bitcoin & Blockchain movie looks
a lot like dot-com in 1999
Cryptocurrencies:
Fluctuation
https://www.coindesk.com/price/
https://www.forbes.com/sites/chuckjones/2018/01/16/12-
reasons-bitcoin-could-fall-below-1000/#7ca7835c341f
26. § Major technologies that
make Bitcoin include:
§ Hashes
§ Digital signatures
§ Public key cryptography
§ P2P
§ Proof of Work
Executing Transactions - Trading
https://www.ft.com/content/eb1f8256-7b4b-11e5-a1fe-567b37f80b64
34. Killer Apps:
Internet of Things
https://www.forbes.com/sites/bernardmarr/2018/01/28/
blockchain-and-the-internet-of-things-4-important-benefits-of-
combining-these-two-mega-trends/#635c031c19e7
35. Killer Apps:
Media and Entertainment
https://www.forbes.com/sites/nelsongranados/2018/01/04/
what-blockchain-has-in-store-for-media-and-entertainment-
in-2018/#3045f0b771f4
43. § Emerging Industries
§ Databases and implementation
aspects (Single Source of Truth,
Semantics)
§ Technological aspects of
Industry 4.0 & IoT
§ Optimization of processes in
Emerging Industries based on
blockchain
§ Legal Aspects and Political
Implications
§ DLT and Investment
§ Governance and Smart Contracts
§ Data Protection and Privacy
§ Blockchain-based business
models
§ Cryptoeconomics
§ Business Applications of
Distributed Data Management &
Smart Contracts
§ Blockchain applications in
different industries
§ Economical aspects
§ Cryptography, Technology &
Security
§ Smart Contracts
§ Consensus Mechanisms
§ Payment Channels
FUSSZEILESEITE 43
ABC – Austrian Blockchain Center
45. Department of Information Systems &
Operations
Institute for Information Business
Welthandelsplatz 1, 1020 Vienna, Austria
Dr. Sabrina Kirrane
T +43-1-313 36-4494
F +43-1-313 36-90 4494
sabrina.kirrane@wu.ac.at
www.wu.ac.at
www.sabrinakirrane.com
Twitter: @SabrinaKirrane
Thank you / contact details