5711930: FU_Introduction to Blockchain

Description

Distributed ledgers and especially blockchains have primarily become known for their key role in the rise of cryptocurrencies. Distributed ledger technology (DLT) is a generalized term for the cryptographic technology cryptocurrencies (e.g., Bitcoin) and blockchain networks are based on. They are described as decentralized database systems spread over a multitude of network participants. Information stored and spread within the network can only be altered and added by a democratic consensus mechanism. This forms a more secure, reliable and trustworthy system compared to centralized, server-based data storage. Each blockchain protocol balances security, scalability, efficiency, and performance to meet the needs of its application purpose. Blockchain technology and linked use cases have witnessed tremendous adoption since the introduction of Bitcoin in 2008. For example, DLT and blockchains also build the base for digital representation of physical goods and of rights.

The goal of this class is twofold. The first section of the class will explain what exactly this technology is, where it originates and what problem this technology solves - or even creates. You do not need any prior knowledge of those technologies and terms.

The second part will investigate practical use cases, blockchains in the light of money, legislation, and further trends how this technology can impact the world in which we live.

The class will analyze different facets of blockchains, including its socio-cultural as well as socio-economic consequences. Architecture students are also welcome to this cross-faculty elective, since there are many potential use cases in the urban administration, communal life and housing that could be explored. For example: How does blockchain technology effect urban planning, property development and tenant management? What are its potentials for democratizing urban planning to include needs and wants of the local community and include them more directly? How can the management of large-scale multi-partner construction projects be improved through blockchain?

Course will be conducted partially in presence, partially virtual, cameras are required and must be always activated during online participation. Details will be announced during the first session which students are required to attend. Ask questions throughout class and during office hours or by email.

Lecture Goals

Participants will:

• Acquire knowledge about the technological fundamentals of blockchain and related technologies and can explain the most common consensus mechanisms.
• Understand how blockchain and related technologies may impact our daily life and how the individual student can benefit from the gathered insights.
• Know what smart contracts are and have a basic knowledge of how to code a simple ERC20 Token
• Understand the principles of tokenization and can distinguish between different types of cryptocurrencies or blockchains accordingly to their field of application.
• Have basic knowledge of current changes happening in commerce and finance with respect to blockchains.
• Learn how to familiarize themselves with a topic foreign to them.
• (Non-native speakers) enlarge their English vocabulary in areas of technology and finance.
• Improve their critical thinking, social interaction, and scientific skills.
• Train their behavior in verbal communication, presentation, and discussion.
• Practice the autonomous conduct of short written reports.

Lectures Method

Interactive lectures with group work, presentations and assignments.

Admission Requirements

none

Literature

Current articles and information videos
Will be distributed at the beginning of the course.

Materials

Presentation slides, interactive documents