In this text, the origin of blockchain technology is explained and put into the context of three waves of digitalization: digitalization of information represented by the internet, digitalization of communities and community building tools represented by social media and digitalization of value represented by blockchain. ...

Als Memristor bezeichnet man eine Klasse von elektronischen Zweitor-Bauelementen, deren Strom-/Spannungsverlauf eine zumeist durch den Nullpunkt verlaufende eingeklemmte Hystereseschleife aufweist („if it’s pinched it’s a mem- ristor“). Memristoren bieten interessante Eigenschaften wie hohe Speicherdichten, niedrige ...

In recent years, the interest in artificial intelligence and big data has grown exponentially, and the amount of data produced every day is truly staggering. Data are considered to be the “new oil” making algorithms capable of delivering meaningful information, which makes them more “intelligent.” In this position paper, ...

Die Digitalisierung erfordert von uns verstärkt die Fähigkeit, innovative soziotechnische Systeme zu gestalten. Herbert A. Simon begriff in diesem Zusammenhang Gestaltung als eine «Wissenschaften vom Künstlichen». Als gestaltungsorien- tierter (Wirtschafts-)Informatiker beschäftigte ich mich als Förderprofessor der ...

Can consumer ownership schemes provide a more democratic financing mechanism for the online marketplace? When it comes to being successful as an online platform, size matters. The network effect, which tells us that the value of a platform increases exponentially as a function of the user base, creates a natural concentration ...

Marshall McLuhan thought that Johannes Gutenberg’s invention of movable type created the modern world. What kind of society will the Internet create? Will it be a democracy or a surveillance state, like Eastern Germany under the Stasi? We cannot have both! The Internet was developed by the U.S. Government during the Cold ...

This essay introduces what promise a novel broad-based capital strategy—trusts serving platform users—might hold for the online economy, especially as an enabler of more widespread, organized, and democratic user accountability. It draws on lessons from the experience of employee ownership alongside emerging opportunities ...