The responsible teacher of the Strategic Blockchain Management course from the University of Oulu (Finland) has created the first-ever memorabilia in the form of non-fungible tokens (NFTs) to sixteen guest speakers from Finland, Germany, Switzerland, Norway, Italy, Canada, and the US. A single-minted and unique set of 19 digital arts Dr.Block that associate with the Finnish Doctoral Hat and Sword, which serve as a symbol of liberty, freedom of research, and the scientists’ fight for what they have found to be good, right, and true in rigorous research. The collectible digital arts are available on Opensea.io under DrBlock collection (https://opensea.io/assets/the-first-ever-academic-nfts-dr-block).

Enterprise blockchain typically uses permissioned blockchain platforms for their networks. There are three main differences between a permissioned vs. permissionless blockchain (e.g., Bitcoin and Ethereum): (1) permissioned blockchain is a private network that requires a membership to participate in the network, (2) participants in the permissioned blockchain could track any historical transaction and involved parties with identifiable information, and (3) the transactions in the permissioned blockchain are endorsed by a consortium which has to be accountable for their endorsements.

Part 1: Current State of Enterprise Blockchain Adoption

In this blog post, I mainly highlight the findings from the “2019 Cambridge 2nd Global Enterprise Blockchain Benchmarking Study.” The report…

Recently, the advancement of blockchain technology has enabled asset tokenization (AT) and security token offerings (STOs). In comparison to cryptocurrency (e.g., Bitcoin) and initial coin offerings (ICOs), which could avoid the strict regulatory procedures, both AT and STIs have to fulfill at least one essential requirement: the existence of the asset. That is, it refers to investing a company’s securities (for STOs) or owning a specific portion of a particular asset (for AT). In this sense, both AT and STOs should be more reliable as it is backed with some form of tangible or financial assets on the smart contract.

Photo by Joshua Sortino on Unsplash

It was an excellent trip to Atlanta for my presentation of research finding at the 50th Annual Association for Consumer Research (ACR) conference that held from 17–20 October 2019. This is my third time at the ACR conference; thus, I have many familiar faces to discuss current and future research direction. Surprisingly, only a few of them (experts in consumer research) are familiar with the “blockchain” term, and yet, most of them are passionate about artificial intelligence (AI). Then, I did a field testing on the official conference app (Whova app) as shown below. As expected, only 4 out of…

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A key argument for Bitcoin is that this cryptocurrency does not have a tangible value to support its fundamental. It is neither incomparable to commodity money (e.g., gold) that holds its intrinsic value, nor as secure as a regulated currency or commonly known as fiat money, which is backed by a particular government. Importantly, the Bitcoin network is not making sense to some people as it consumes tremendous energy for proof-of-work consensus. As such, some economists and academicians hold a strong argument on the carbon footprint of Bitcoin on environmental sustainability. …

On October 3, 2019, the parliament of Liechtenstein has unanimously voted for the first-ever Blockchain Act in the world. Officially, the act is referred to as the “Token and Trustworthy Technology Service Providers Act” (abbreviated TVTG in German), and the act will become effective on January 1, 2020. Importantly, the TVTG is focusing on blockchain and tokens in general, rather than emphasizing on cryptocurrency. As such, the act is concentrating on trustworthy technologies (TT) system that regulates service providers in the token economy.

Photo by Daniel on Unsplash

Liechtenstein is a small German-speaking country (a member of the European Free Trade Association and the European…

Teck Ming (Terence) Tan

Dr. Teck Ming (Terence) Tan is an Assistant Professor at the Oulu Business School (AACSB accredited), Finland. He is currently doing research on blockchain.

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