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Distributed ledger technology became popular as one of the underlying technologies for cryptocurrencies. It did not take long before the industry and academia realized its great potential to transform business processes and even fundamental economic principles. The so-called token economy refers to a system in which cryptographic assets can embody a large variety of rights or values. More specifically, in the heyday of the Bitcoin hype in 2017, numerous companies used initial coin offerings (ICOs) to raise money for their businesses in return for self-issued tokens. In the meantime, security token offerings (STOs) have largely replaced unregulated ICOs, many of which turned out to be scams, and offer more regulatory security. In this workshop, we will discuss the potentials and limitations of a token economy and their expected impact on organizations, society and the economy as a whole.
Initially, workshop participants will briefly introduce their research areas and then they will work in small groups (“world café”) on selected topics. The goal of this workshop is to bring interested researchers together and to allow for a free flow of ideas in order to identify pending research problems and ways of how to tackle them.

Intended audience

Mostly academics looking for an exchange with peers. However, the workshop will also be open to the public.

Short bio of the organizers

Horst Treiblmaier is Professor in International Management at MODUL University Vienna, Austria. He received a Ph.D. in Management Information Systems from WU Vienna and worked as a Visiting Professor at Purdue University, University of California, Los Angeles (UCLA), University of British Columbia (UBC), and the University of Technology in Sydney (UTS). His research interests include the economic and business implications of blockchain and cryptoeconomics.

Gilbert Fridgen is PayPal-FNR PEARL Chair in Digital Financial Services at the Interdisciplinary Center for Security, Reliability and Trust (SnT) at the University of Luxemburg. In his research, he addresses the transformative power of digital technologies for the financial services industry and beyond. In close collaboration with industry partners, he helps understanding und designing blockchain-based solutions in the public as well as private sector. He served as expert council to many German government bodies and to the European Commission with its European Blockchain Partnership.

Johann Kranz is Professor of Internet Business and Internet Services at the LMU Munich. In his research, he examines the effects and potentials of digital technologies on companies, markets and society. In current projects, he studies new organizational and work concepts, platform strategies, digital business models and the opportunities and risks of blockchain, industry 4.0, big data and artificial intelligence from an economic and social perspective.
His primary field of research include Green Information Systems, IT-service innovations, Strategic IT Management, and Digital Innovation.

Esther Nagel is a research associate and doctoral candidate at the Professorship for Internet Business and Internet Services at LMU Munich. She holds a Master’s degree in Business Management from the University of St. Gallen, Switzerland. Her research interests include blockchain-enabled business models and token sales.

Ali Sunyaev is Director of the Institute of Applied Informatics and Formal Description Methods (AIFB) and Professor for Computer Science at the Karlsruhe Institute of Technology (KIT). His research interests are reliable and purposeful software and information systems within the scope of critical infrastructures, cloud computing services, information security solutions, auditing/certification of IT, and innovative health IT applications. His current research projects concern design and evaluation of DLT-based systems.