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 in the respective article.
Guest Lecture on “Stablecoins and their Relevance to Global Finance” at Mahidol University
We are happy to report that our CEO, Dr. Lennart Ante, held guest lectures on "Stablecoins and their Relevance to Global Finance" at Mahidol University, hosted by Prof. Dr. Aman Saggu, whom we would like to thank for the excellent organization and warm hospitality.
Presentation on Real Estate and Blockchain Technology at Hofstra University
Our CEO and Co-Founder, Dr. Lennart Ante, presented at the "Real Estate and Technology" conference hosted by The Breslin Center for Real Estate Studies and Hofstra University’s Frank G. Zarb School of Business. We would like to thank the organizers for the successful event.
New Research Article on the Intersection of Blockchain-Based Fan Tokens and the FIFA World Cup
The study "Anticipatory Gains and Event-Driven Losses in Blockchain-Based Fan Tokens: Evidence from the FIFA World Cup", recently published in Research in International Business and Finance, examines the dynamic convergence of sports, fan engagement and cryptocurrencies.
“Proof of Work” artist talk as part of the exhibition “Man and Mining” at the Museum der Arbeit
On 11.12.2023, an artist talk with photographer Prof. Danny Franzreb and Dr. Lennart Ante, Managing Director and co-founder of the Blockchain Research Lab, took place at the Museum der Arbeit in Hamburg.
Blockchain Research Lab joins European Blockchain Association
We're excited to share that the Blockchain Research Lab became part of the European Blockchain Association (EBA). This allows us to broaden our network and enhances our ability to collaborate with a diverse range of organizations and experts. This partnership is an opportunity to advance our research and understanding of blockchain technology's socio-economic impacts.
Talk at the 1st METAVERSE #wissenrockt conference Real virtual opportunities for the construction and real estate industry
Our co-founder Dr. Lennart Ante gave a presentation on business models for the metaverse at the 1st METAVERSE #wissenrockt conference, which was held digitally in the Spatial Metaverse.
Insights on the Crossroads of Cryptocurrency and Gambling: A Conversation with Sally Gainsbury and Kahlil Philander
Our co-founder Dr. Fred Steinmetz had the privilege of joining the Technology, Risk, and Gambling webinar series, hosted by distinguished gambling researchers Prof. Sally Gainsbury and Prof. Kahlil S. Philander. In the latest episode, they delved into 'The Interrelations of Cryptocurrency and Gambling,' exploring the evolving landscape at the intersection of these two domains.
Presentation at the “Digital Marketing Meets Industry # Finance” event organized by Bitkom
Our co-founder Dr. Lennart Ante gave a presentation on "Blockchain-based fan tokens as a transformative force for brand communities" at the Bitkom event "Digital Marketing Meets Industry # Finance"
Navigating the Digital Landscape: Transforming Supply Chains into Value Networks with Blockchain, AI, and IoT
Our co-founder Dr. Fred Steinmetz had the privilege of participating in a panel discussion at the Erster Deutscher Lieferkettentag 2023, which delved into the transformative power of digitalization in the supply chain.
Retail Investors in the Crypto-Metaverse: A New Frontier in Digital Real Estate
The crypto-metaverse transcends mere amusement and has evolved into a robust digital landscape. The paper "Digital real estate in the metaverse: An empirical analysis of retail investor motivations" reveals the motivations behind why ordinary retail investors purchase metaverse land.
Blockchain Research Lab receives grant from the DZ BANK Stiftung
We are excited to announce that the Blockchain Research Lab has received a grant from the DZ BANK Stiftung. The funded project started in August 2023 and seeks to explore the opportunities of security tokens as a local investment option for individual investors. Furthermore, we are investigating the viability of security tokens as a potential future business model for cooperative banks.
Unlocking Environmental Sustainability through Regenerative Finance (ReFi): The Transformative Synergy of Web3 and AI Technologies
This blog post is an invited guest post by Dr Julian Granados. This post draws on the research conducted by Dr Granados at the Leibniz Center for Tropical Marine Research on the opportunities and tools that arise from blockchain technologies for facilitating Payments for Environmental Services (PES) and other environmental management schemes.
Seminar Course in the Study Program Q+ at the Johannes Gutenberg University Mainz on Cryptocurrencies and the Digitalization of the Financial System
On June 15, 2023, our co-founder Professor Dr. Ingo Fiedler led an event course on the topic "Bitcoin, Ethereum, Ripple & Co. - About Cryptocurrencies and the Abolition of Cash. Digitalization in the German Financial and Banking System of the Future." within the Study Program Q+ at Johannes Gutenberg University Mainz.
Presentation on „Onboarding ChatGPT“ at Der Wirtschaftsverein e.V.
The talk at Der Wirtschaftsverein e.V. on 26.06.2023 provided a comprehensive overview of ChatGPT, detailing its functionality, business applications, challenges, legal considerations, and a hands-on workshop with concrete examples. The focus on opportunities and limitations makes this information highly relevant for firms, as understanding and leveraging ChatGPT could unlock new potentials in automation, customer engagement, and various innovative solutions tailored to modern business needs.
The Blockchain Research Lab is proud to announce its 5th birthday!
The Blockchain Research Lab is proud to announce its 5th birthday! Together, we reflect upon this incredible journey, looking back at the past few years of exciting new experiences, successes, challenges, and opportunities. Below, we present an interview with the core team, uncovering their unique perspectives and guidance.
Decoding Social Dynamics: An Anthropological Study on Cryptocurrency
This blog post post by Anna Vennonen draws on the ethnographic study she conducted for her Master’s Thesis at the University of Helsinki in 2023, titled: ‘More than Money: An Ethnography of Dreams, Value and Community in the Cryptoscene’. The research was supported by a scholarship from Blockchain Research Lab.
The ChatGPT Effect: A Financial Frenzy for Artificial Intelligence Cryptocurrencies
By using a synthetic difference-in-difference methodology approach, the newly published article reveals that a group of AI-crypto-assets curated by CoinGecko enjoyed a price boost of at least 10.7% and 35.5% beyond non-AI-crypto-assets in the one-month and two-month period after the ChatGPT launch.
Educating gambling addiction counsellors about the intersection of cryptocurrency and gambling: Experiences from an in-person seminar
Our co-founder Fred Steinmetz recently led an immersive in-person seminar at the Hessische Landesstelle für Suchtfragen e.V. (HLS), a non-profit organization focused on information, help and consultancy as well as prevention of gambling addiction, to deepen the understanding of the interrelations between cryptocurrency and gambling among participants.
Exploring the Intersections of Cryptocurrency and Gambling: Insights from a Seminar
As a researcher with a deep interest in the intersections of cryptocurrency and gambling, our co-founder Fred Steinmetz recently had the pleasure of leading a seminar on this topic at the Landesfachstelle Glücksspielsucht North-Rhine Westphalia (NRW) – a non-profit organization focused on information, support and consultancy as well as prevention of gambling addiction.
New research published: A Blockchain-Based Fan Token Framework
We are excited to announce that the research paper “Enhancing Trust, Efficiency, and Empowerment in Sports: Developing a Blockchain-Based Fan Token Framework” has been accepted at the prestigious Thirty-first European Conference on Information Systems (ECIS 2023), Kristiansand, Norway. This research presents a comprehensive analysis of the potential of fan tokens in revolutionizing fan engagement and empowerment through blockchain technology.
Scientific report: “Avatars: Shaping Digital Identity in the Metaverse”
We are excited to announce the release of our latest comprehensive report “Avatars: Shaping Digital Identity in the Metaverse”, that delves into the essential role avatars play in the metaverse and digital identity. As a major pillar of the metaverse ecosystem, avatars have evolved significantly over time, and this report covers various aspects of avatars, including their market size, psychological factors influencing avatar selection, and their potential for growth in Web 3.0.
Presentation on the Interrelations between Pay-to-Win Gaming and Gambling at Ruhr University Bochum
During his presentation at the Ruhr University Bochum’s Gambling research division GLUEG to a group of specialists and experts in the field of gambling, our co-founder Fred Steinmetz shared research from a paper that he led which examined the interrelation between pay-to-win gaming and gambling.
Presentation and Panel Discussion at Concordia University’s Conference Series on online gambling (Montreal)
Organized by the Research Chair on Gambling at Concordia University, Montreal, our co-founder Professor Dr. Ingo Fiedler gave a presentation at the Conference Series on online gambling on the current regulatory landscape of online gambling in Germany and provided insights into the current challenges and discourse around the gambling treaty.
Presentation at the University of Hohenheim Gambling – Symposium on the intersection of cryptocurrencies and gambling
On 15th March 2023, our co-founder Professor Dr. Ingo Fiedler gave a presentation on the overlap of cryptocurrencies and gambling at the 20th gambling symposium of the Gambling Research Center at University of Hohenheim.
The Rise of ChatGPT: Exploring its Effects on AI-Based Cryptocurrencies
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
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
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.
Looking for a new challenge? We are hiring!
Are you looking for a new challenge? We are hiring a Research Associate / Postdoc (full-time position), Working Student and Social Media Manager (mini-job) to support our team. Are you the one? Apply today!
An analysis of LAND in The Sandbox: Q4 2022 | Research Note
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
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.
Participation as expert at Aspen Institute Germany’s Global Threats Series episode on cryptocurrencies
The renowned transatlantic think tank Aspen Institute Germany invited our CEO Dr. Lennart Ante as one of two experts to discuss the role of crypto assets for the financial system with a selected group of personalities from politics and business.
Presentation on stablecoins and crypto market efficiency at STAT of ML 2022 at the Czech Academy of Sciences
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.
The interrelations of cryptocurrency and gambling: Results from a representative survey
In the study “The interrelations between cryptocurrency and gambling: Results from a representative sample”, Fred Steinmetz contributes to the literature by identifying differentiating factors of cryptocurrency users, gamblers and users of both activities.
LAND Ho! Digital Real Estate in the Metaverse as an Emerging Asset Class | Scientific Report
Our scientific report „LAND Ho! Digital Real Estate in the Metaverse as an Emerging Asset Class” highlights digital real estate (or virtual land) in the metaverse as an emerging asset class. It examines the price drivers of digital real estate and whether it represents a new and unique asset class.
Research Note #1: An analysis of Mt. Gox creditor claims
In this 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
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.
The Role of ‘Whale Alerts’ and Sentiment in Bitcoin’s Reaction to Minting and Burning of Tether’s USDT
This blog post is an invited guest post by Dr. Aman Saggu. It is based on his article ‘The Intraday Bitcoin Response to Tether Minting and Burning Events: Asymmetry, Investor Sentiment, and “Whale Alerts” on Twitter’ that was recently published in Finance Research Letters.
Successful “Blockchain in use” event hosted by Blockmagazin and WeWork
We would like to thank the Blockmagazin and WeWork for organising and hosting this year´s “Blockchain in der Anwendung“ event, which took place on the 28th of July 2022. Our CEO and co-founder Dr. Lennart Ante presented research results on the "Musk Effect" in cryptocurrency markets.
Call for Papers: Emerging Digital Platforms and Non-Fungible Tokens (NFTs)
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.
Lennart Ante awarded with “Best Reviewer” price at 2022 European Conference on Information Systems (ECIS 2022)
We are happy to announce that our co-founder Dr. Lennart Ante was awarded as "Best Reviewer" at the 30th European Conference on Information Systems (ECIS 2022), Timisoara, 18-24 June. The conference represents one of the major scientific conferences in information systems (IS) research.
Ingo Fiedler as guest at the podcast of the Association for Critical and Interdisciplinary Thinking (ACIT)
For episode 28 of the ACIT podcast, our co-founder Prof. Dr. Ingo Fiedler was invited by Manuel Brenner to talk about blockchain and cryptocurrencies. For around two hours Manuel and Ingo discuss topics like Bitcoin and Ethereum, proof of work and proof of stake, and much more.
Presentation on stablecoins and CBDCs at BLOCKCHAIN WEEK at Carl von Ossietzky Universität Oldenburg
The BLOCKCHAIN WEEK at Carl von Ossietzky University Oldenburg provides a platform for exploring blockchain from different angles. Our co-founder Dr. Lennart Ante presented on the topic of stablecoins and Central Bank Digital Currency (CBDC).
Seal of approval of the Stifterverband 2022 – 2023
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.
Call for Papers: Special Issue on Decentralized Finance (DeFi)
We are pleased to announce that our co-founder Dr. Lennart Ante will be editing a Special Issue of the academic journal Digital Finance. This issue will focus on the topic of Decentralized Finance (DeFi). In the post, further information on the Call for Papers, deadlines and other topics are provided.
The “Musk Effect”: New research on the impact of Elon Musk’s Twitter activity on cryptocurrency markets
We published a revised version of the working paper, which provides a comprehensive review of the so-called "Musk Effect" and includes new findings. The study shows the significant impact that the social media activity of influential individuals can have on cryptocurrencies.
Presentation at Blockchance Europe 2021 on Bitcoin’s energy consumption
We would like to thank the organizers for this year´s “Blockchance Europe 2021“, which took place from the 2nd to 4th of December 2021 at the Chamber of Commerce Hamburg. The Blockchain Research Lab presented research findings on the topic of Bitcoin's energy consumption.
Presentation at 13th Chinese Economic Association (Europe) and 32nd CEA (UK) Annual Conference
The 13th Chinese Economic Association (Europe) and 32nd CEA (UK) Annual Conference provided a platform for research on climate change as one of the biggest challenges of our times. Our co-founder Dr. Lennart Ante presented his research on the topic of green finance to the audience.
Be part of the #GivingTuesday
Get involved in the Day of Giving and be part of the worldwide movement of the #GivingTuesday. We would be very happy if we could reach our goal together.
Successfull 3rd Berlin Conference Crypto-Currencies in a Digital Economy (CCC3/ CCConf 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 on Central Bank Digital Currency (CBDC) at FinTech Week 2021
Our co-founder Fred Steinmetz gave a lecture on „Central Bank Digital Currency (CBDC) – The future of the Euro“ on the occasion of the FinTech Week 2021 at the Blockchain Monday of the Hanseatic Blockchain Institute.
Presentation at the 3rd Crypto Asset Lab Conference
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
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
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
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
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.
Poster presentation at the Blockchain Autumn School 2021 (BAS2021)
On 17th September, our co-founder Lennart Ante presented a poster at the Blockchain Autumn School (BAS2021) on the working paper "Bitcoin's energy consumption and social costs in relation to its capacity as a settlement layer".
Cryptocurrency adoption blog series part 2: Drivers of cryptocurrency ownership and usage
This second post of the series on cryptocurrency adoption looks at correlations between variables on (1) knowledge about cryptocurrency and blockchain technology, (2) current and former cryptocurrency ownership and (3) estimations of trustworthiness towards cryptocurrency.
Cryptocurrency adoption blog series part 1: Profiling cryptocurrency owners
First part of our blog series on cryptocurrency adoption, highlighting different aspects of prevalence, use and perceptions. The analyses are based on a survey of a representative (in regards to gender and age) sample of 3,684 German citizens, sourced between February and March 2019.
Franco-German Summer School for young researchers of Public Finances | Université de Lorraine / IRENEE
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
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
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.
Participation in the international conference: GAM(BL)ING: Commodification of Leisure in the Digital Era
Thanks to the HERMES research group for organizing and hosting the very insightful “Interactive Symposium 2021 on the Commodification of Gam(bl)ing” at Concordia University, Montréal. Our co-founder Ingo Fiedler led an interactive workshop on the overlaps of gambling and cryptocurrency trading.
Non-fungible tokens (NFTs): Possible speculative bubble with potential for sustainable innovation
A new form of digital investment has hit the mainstream. Non-fungible tokens (NFTs) are following in the footsteps of cryptocurrencies, fetching large sums in digital auctions and sales. NFTs are unique certificates of authenticity on blockchains, usually issued by the creators of the underlying works (or assets).
Results of a Bibliometric Analysis on Digital Identity: Significant Publications, Research Flows and Contexts
In our study, "A bibliometric review of research on digital identity", we identified research streams and emerging trends in academic research on digital identity through a bibliometric analysis of 1,395 peer-reviewed articles and their 44,412 references.
Digital Twin Technology for Smart Manufacturing and Industry 4.0: Results of a Bibliometric Analysis
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.
The “Musk Effect” – How Elon Musk’s tweets affect the cryptocurrency market
Based on an analysis of Elon Musk's recent crypto-related tweets, it is identified that some of them strongly influenced the short-term returns and trading volume of Bitcoin and Dogecoin. The results illustrate the influence of influential individuals on cryptocurrency markets.
Enterprise DLT: The Leaky Trust Machine
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 Report: Digital Identity and Personal Data in 2020: Citizens’ Opinions and Motives
Based on a representative online survey, this report offers insights about the motivational factors for using digital identity solutions and risk perceptions towards the sharing and provision of personal data online as well as the trust placed in companies and institutions handling personal data.
Award at the best paper competition of the Scientific Track of the Blockchain Autumn School
We are very pleased that our paper „Exclusive Mining of Blockchain Transactions“ received the best paper award (2nd place) sponsored by Volksbank Mittweida at the Scientific Track of the Blockchain Autumn School.
Member of the Federal Association for Information Technology, Telecommunications and New Media (Bitkom e.V.).
We are pleased to announce that we have recently become a member of the Federal Association for Information Technology, Telecommunications and New Media (Bitkom e.V.). For us, the membership is an important step, in order to participate actively in current topics and discussions.
New Book: Blockchain and the Digital Economy
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
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
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.
How do Stablecoin Issuances affect Cryptocurrency Markets?
Stablecoins are digital currencies whose value is pegged to fiat currencies like the dollar. We analyze the influence of stablecoin issuances on the returns of major cryptocurrencies and conclude that stablecoins contribute to price discovery and market efficiency of cryptocurrencies.
Blockchain for Supply Chain
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.
Investigating the Market Reaction to Large Transactions on the Bitcoin Blockchain
A specific feature of the blockchain technology and thus also of the Bitcoin network is the underlying transparency. Each network participant can observe in virtually real time how many and what kind of transactions take place in the Bitcoin...
A Week With Bitcoin: Transaction Timing and Transaction Fees
This third and last blog post takes a look at intra-week patterns of Bitcoin activity. The following chart shows transactions and fees aggregated by weekday and hour. Activity was high on workdays and on afternoons, and low on weekends and on early mornings. The same is true for transaction fees...
Libra: An assessment of the public opinion
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...
Shaping Bitcoin: Omni/Tether and Veriblock in Late 2018 and 2019
Between September 14, 2018 (the day when Veriblock was launched), and December 31, 2019, Veriblock accounted for 12.8% of all transactions published on Bitcoin and Omni/Tether accounted for 8.7%. The following chart reveals how the ups and downs...
How Do OP Return Transactions Impact Bitcoin?
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
The 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
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
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.
A Place Next to Satoshi: Scientific Foundations of Blockchain and Cryptocurrency in Business and Economics
The research foundations of blockchain and cryptocurrencies in business and economics are analyzed using co-citation analysis. Five strands of research are identified, reviewed and visualized, of which two are well-established and three are still emerging.
Market Reaction to Exchange Listings of Cryptocurrencies
In the research article, effects of 327 exchange listings of 180 different cryptocurrencies on 22 exchanges are examined. On the one hand, a general overview of the phenomenon is provided and on the other hand, signs of informed trading are identified.
Perceived and Actual Use of Cryptocurrencies: Germany Q1 2019
Based on a representative survey among 3,864 German adult Internet users, this report presents reliable insights on the respondents’ faith in, and the challenges associated with cryptocurrencies, as well as on their perceived vs. actual use.
Discovering market prices: Which price formation model best predicts the next trade?
For most purposes of technical analysis, the price of the last transaction is considered representative of the market price. However, on closer examination, the question arises as to why a past event should be relevant to the future, and why other, potentially more recent information should not be used to discover a future price.
The State of Cryptocurrency Adoption: Germany Q1 2019
A survey among 3,864 respondents that is representative of the adult Internet population in Germany allows deep and reliable insights into the adoption and usage of cryptocurrencies. 18% of all respondents either own or owned cryptocurrency.
Cheap Signals in Security Token Offerings (STOs)
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.
How does a typical evening with us look like?
How does a typical evening with us look like? An insight using the example of an event at Hadley's in June 2018 by Christopher Nigischer.