Blockchain Research Blog

On this blog short summaries of scientific publications or research projects on the topic of blockchain are published. External authors in particular are invited to briefly present their work. The contact information of each author can be found under the respective article.

Further information

The Rise of ChatGPT: Exploring its Effects on AI-Based Cryptocurrencies

February 8th, 2023|

New study: The launch of OpenAI's ChatGPT artificial intelligence chatbot in November 2022 had a positive impact on AI-themed cryptocurrencies, resulting in abnormal returns up to 41% over two weeks and 90% of tokens exhibiting positive abnormal returns. This suggests that the attention towards ChatGPT and AI in general has transitioned to cryptocurrency markets, leading to a positive price effect for AI-related cryptocurrencies.

New research published: A Systematic Analysis of Empirical Research on Stablecoins

January 13th, 2023|

Stablecoins have become an increasingly popular topic in the cryptocurrency space. These digital assets are pegged to the value of a traditional currency, such as the US dollar, and are designed to minimize price volatility. In our recently published article „A Systematic Literature Review of Empirical Research on Stablecoins“, we revealed key findings of previous studies and promising areas for future research.

Be part of 2022’s #GivingTuesday

November 29th, 2022|

For this year´s #GivingTuesday, it is our objective to raise funds for an exciting research project - focusing on the price impacts of decade-old Bitcoins. The project would be about the price impacts of “Satoshi era coin” moves. Satoshi era coins are Bitcoins that have been held in wallets for more than a decade and never been moved since then. The results contribute to public and scientific knowledge in the realm of market efficiency of cryptocurrency markets.

An analysis of LAND in The Sandbox: Q4 2022 | BRL Research Note

November 22nd, 2022|

Digital real estate in the form of digital parcels of LAND in virtual worlds such as The Sandbox is emerging as a new asset class and may represent a significant aspect of future digital social interaction, identity on the internet, the metaverse and financial markets. The research note „An analysis of LAND in The Sandbox: Q4 2022” conducts a data-driven analysis of LAND in regards of its pricing, distribution and other factors.

Presentation at University of California, Santa Barbara (UCSB) ECON DeFi Seminar

November 5th, 2022|

Our CEO Dr. Lennart Ante presented his working paper "Liquidity Shocks, Token Returns and Market Capitalization in Decentralized Finance (DeFi) Markets", where he analyzes so-called swaps on decentralized exchanges (DEXes) and challenges the metric "market capitalization" by highlighting how it insufficiently represents the actual value of DeFi tokens.

Presentation on stablecoins and crypto market efficiency at STAT of ML 2022 at the Czech Academy of Sciences

October 7th, 2022|

We would like to thank the Czech Academy of Sciences for hosting this year´s “Statistics of Machine Learning (STAT of ML) 2022“, from October 6 to October 7, 2022 in Prague, Czech Republic. Our CEO and co-founder Dr. Lennart Ante presented research on stablecoins and the market efficiency of crypto assets at the conference.

BRL Research Note #1: An analysis of Mt. Gox creditor claims

August 9th, 2022|

In this BRL research note, we analyzed data from the list of all 22,560 individual Mt. Gox creditors, who may receive payouts by late August, 2022. The total claims amount to $18.6 billion in BTC and BCH and $48.1 million in USD. The top 1% of creditors together account for over 50% of all claims. The top 0.1% – only 23 claims – share 27.3% of all claims, or $5.1 billion.

Blockchain Research Lab receives grant from the Ethereum Foundation

August 8th, 2022|

We are pleased to announce that the Blockchain Research Lab has received a grant from the Ethereum Foundation. The aim of the project is to investigate the extent to which transaction costs interrelate with different economic activities on the Ethereum network. We would like to thank the Ethereum Foundation for its trust placed in us and look forward to the implementation of the research project.

Call for Papers: Emerging Digital Platforms and Non-Fungible Tokens (NFTs)

July 26th, 2022|

We are pleased to announce that our co-founders Dr. Lennart Ante and Prof. Dr. Ingo Fiedler will be editing a Special Issue of the academic journal Digital Business. This issue will focus on the topic of "Emerging Digital Platforms and Non-Fungible Tokens (NFTs)". In the post, further information on the Call for Papers, deadlines and other topics are provided.

Seal of approval of the Stifterverband 2022 – 2023

April 12th, 2022|

Our research activities have again been honored by the Stifterverband für die Deutsche Wissenschaft with the seal of approval "Innovativ durch Forschung". We are very proud to carry the seal of approval and would like to thank our employees for their commitment to explore the opportunities and limits of the blockchain technology and sharing their findings with society.

Successfull 3rd Berlin Conference Crypto-Currencies in a Digital Economy (CCC3/ CCConf 2021)

November 29th, 2021|

We would like to thank the Blockchain Research Center at Humboldt-Universität zu Berlin, the Austrian Blockchain Center (ABC Research), the University College Dublin, the HTW Berlin and the University of Zurich for organising and hosting this year´s “3rd Berlin Conference Crypto-Currencies in a Digital Economy (CCC3/ CCConf 2021)“

Presentation at the 3rd Crypto Asset Lab Conference

November 1st, 2021|

At this year's 3rd Crypto Asset Lab Conference of the Crypto Asset Lab of Università Milano-Bicocca and the European Commission's Joint Research Centre (JRC), our co-founder Dr. Lennart Ante will present his working paper titled „Non-fungible token (NFT) markets on the Ethereum blockchain: Temporal development, cointegration and interrelations”

Presentation at the 25th FMM Conference: Macroeconomics of Socio-Ecological Transition of Hans-Böckler-Stiftung

October 22nd, 2021|

At this year's 25th FMM Conference: Macroeconomics of Socio-Ecological Transition of the Hans-Böckler-Stiftung, our co-founder Dr. Lennart Ante will present the working paper titled „The scope of green finance research: Research streams, influential works, intellectual exchange and future research paths”.

Workshop: Digitization in payment transactions at Hamburg Economic Forum for young professionals and students

October 18th, 2021|

We are very pleased to be able to give a workshop on the 8th of November 2021 on the topic of „Decentralized Finance (DeFi): An open financial system on the blockchain“ at the Hamburg Economic Forum. The event is organized by Handelskammer Hamburg with Deutsche Bundesbank and HAW Hamburg and is aimed at young professionals and students.

Presentation at the IFZ FinTech Colloquium 2021

October 12th, 2021|

On the 17th of November 2021 our co-founder Dr. Lennart Ante will be giving a presentation on our paper “Non-fungible token (NFT) markets on the Ethereum blockchain: Temporal development, cointegration and interrelations” at the IFZ FinTech Colloquium 2021 of the Lucerne University of Applied Sciences and Arts.

Presentation at Blockchance Europe 2021

October 5th, 2021|

We are very pleased to participate again this year with a presentation on Bitcoin's energy consumption at the upcoming Blockchance Europe 2021. Blockchance is Germany´s leading blockchain conference and will be held in Hamburg from December 2 to 4, 2021.

Franco-German Summer School for young researchers of Public Finances | Université de Lorraine / IRENEE

June 24th, 2021|

Our co-founder Fred Steinmetz presented at the event, highlighting the relevance of blockchain technology for addressing current and future issues in public finance. The presentation comprised topics such as central bank digital currency, Facebook-initiated digital currency Diem as well as artificial intelligence’s implications for public finance.

Presentation on the overlaps of blockchain technology, cryptocurrency and gambling held at the Institute for Gambling and Society of the Ruhr Universität Bochum

June 11th, 2021|

In the event that is held monthly and covers latest topics and research relating to gambling, our co-founder Fred Steinmetz presented on the most important overlaps of blockchain, cryptocurrency and gambling by highlighting the phenomenon of ‘decentralized gambling’.

Partnership with Popsicle Finance

May 15th, 2021|

The Blockchain Research Lab is pleased to announce a partnership with Popsicle Finance to start a research project in the area of Decentralized Finance (DeFi). Within the research project, the relevant DeFi ecosystem(s) will be mapped, market inefficiencies identified and possible yield optimization and hedging strategies will be analysed with the goal to make DeFi markets less risky and more efficient.

Digital Twin Technology for Smart Manufacturing and Industry 4.0: Results of a Bibliometric Analysis

March 2nd, 2021|

Digital Twin technology comprises digital images, replicas or identities of physical systems, objects or assets that can be used, for example, for industrial health monitoring or process optimization and tracking. As part of our article published in Manufacturing Letters, we examined the intellectual discourses of academic research on the topic of digital twin.

Enterprise DLT: The Leaky Trust Machine

December 11th, 2020|Tags: |

Distributed Ledger Technology (DLT) comes with the promise of creating trust by technological means. While non-DLT systems often have a central operator who enjoys complete authority and little oversight, DLT systems use mechanisms like data replication and consensus algorithms to distribute control among a group of (hopefully) independent validators.

New Book: Blockchain and the Digital Economy

August 14th, 2020|

The book is written in a non-technical and accessible way and strives to demystify the functionalities of blockchains and their potential for a range of readers in the wider social sciences. It begins by explaining the key concepts of blockchain technology and presents an overview of the involved technical and economic elements.

Choosing a Distributed Ledger Technology

June 30th, 2020|

To conduct any IT project, it is greatly advantageous to rely on well documented software as well as software with active developer community. The development of a blockchain system is no exception to this, as the choice of a Distributed Ledger Technology (DLT) with plenty of resources is advantageous.

Seal of approval of the Stifterverband 2020 – 2021

June 26th, 2020|

Our research activities have been honored by the Stifterverband für die Deutsche Wissenschaft with the seal of approval "Innovativ durch Forschung". We would like to thank our employees for their commitment to explore the opportunities and limits of the blockchain technology and sharing their findings with society.

Blockchain for Supply Chain

June 22nd, 2020|

The real-life complexities of a supply chain must be mapped to a technical system, its objects and its users. This entails a number of specific requirements which influence the selection of the most appropriate blockchain technology, particularly whether a public or private blockchain should be used, and the design of the blockchain system.

Libra: An assessment of the public opinion

March 24th, 2020|

Libra describes a project that aims to create a blockchain-based financial infrastructure surrounding its inherent asset, the digital currency Libra. The project was initially started by Facebook and is now developed by the Libra Association, a foundation dedicated to Libra’s development...

How Do OP Return Transactions Impact Bitcoin?

March 13th, 2020|

Many blockchains are multipurpose platforms. Their powerful scripting capabilities enable a wide range of different applications, from decentralised insurance to breeding digital pets. Bitcoin is different. It was built to serve a single purpose: the operation of a decentralized and secure digital currency...

Key Insights of Cryptocurrency Adoption in Germany in 2019

February 12th, 2020|

The BRL Report “The State of Cryptocurrency Adoption: Germany Q4 2019“ provides new insights into cryptocurrencies in Germany, based on a representative online survey among more than 3,000 participants. 69% of cryptocurrency owners are male; the average owner is ten years younger, better educated, and earns €400 more per month than the average non-owner.

The Top 5 Blockchain Discourses in Business and Economics Research

February 6th, 2020|

Based on 9,672 citations in 467 peer-reviewed research papers, we identified the five most important discourses in business and economics research on blockchain. Here is a short description of the top five blockchain discourses in business and economics research, plus the key research papers that have shaped the first eleven years of blockchain research.

DiBiChain Project Launched

October 29th, 2019|

Since July 2019, the Blockchain Research Lab collaborates on a three-year research project called DiBiChain. The project is funded by Germany’s Federal Ministry of Education and Research (BMBF). Its research goal is to make product life cycles more transparent and sustainable through the use of blockchain technology.

Cheap Signals in Security Token Offerings (STOs)

February 18th, 2019|

This study provides the first overview of security tokens and the STO model for corporate financing. Our analysis investigates security tokens from the perspective of a firm looking to raise capital. The results show that cheap signals are effective, which raises concerns for investor protection.

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