Bitcoin, Crypto currency, Blockchain

“Focal point” to the Blockchain, cryptocurrencies and Smart Contracts in Kassel

3cce1fe57a54079f6cf0eb6f9a6217c8 - "Focal point" to the Blockchain, cryptocurrencies and Smart Contracts in Kassel

Under the umbrella of the well-established lecture series “focus media and the law” took place on may 16. May 2018, with 130 participants fully Gießhaus the University of Kassel instead occupied – an event on the topic of “the Blockchain, cryptocurrencies and Smart Contracts”.

Prof. Dr. Murad Erdemir (Stv. Director and General counsel of the Hessian state Institute for private broadcasting and new media – LPR Hessen) stressed in its opening in a wide arc from the current phenomenon of the clandestine Mining of crypto-currencies on other PCs as “the new hot Shit of the Crimeware scene” (quote from c’t 09/2018, p. 79) about the possible solution of problems of data protection, the promotion of administrative reform and consumer protection, to the strengthening and modernization of democratic structures, all of which are expected from the use of the Blockchain technology.

Technical and functional aspects of public block chains, explained Prof. Dr. Dr. Walter Blocher (Initiator and speaker of the DLT research group of the University of Kassel, Germany). For the first time in the history of mankind it is now possible for everyone in a directory in which to look and to write. From the could be nothing more deleted, resulting in a other means that is not recoverable security against forgery, corruption, immunity, censorship resistance, resilience and availability blockchain-based transaction systems. With a Blockchain Smart Contracts could, in some areas, the enforcement of claims to automate, eliminating the need for mandatory, state courts would have to be called.

Dr. Friederike Ernst (Chief Operation Officer of Gnosis Ltd.) gave an insight into the business model of decentralised, i.e., blockchain-based prediction markets, in which market forces are used to efficient, reliable forecasts for events such as the opening of the BER airport in a given year, compliance with the budget of a large infrastructure project or the blades are ice-free northeast passage.

Difficult data protection issues, from the transparency and immutability of public Blockchains result, lit Prof. Dr. Franziska Boehm (Leibnitz Institute for information infrastructure, Karlsruhe, Germany). Approaches to the solution of the voltage relationship between the centrality of laid-out data protection law and the decentralization of block chains you see in the standardization and in the development of secure cryptographic processes.

The possible advantages of blockchain-based registry for land, movable property and intellectual property took Prof. Dr. Georg von Wangenheim (member of the DLT research group of the University of Kassel, Germany), as well in the focus as this raised questions about the relationship between good faith purchase and registration. Summing up, he denied, currencies, private-law adjustment needed for dealing with Crypto, advocated the compulsory registration of high-value goods with a strong secondary market, as well as good identifiability and welcomed the on Smart Contracts based out-of-court dispute resolution.

Following the presentations, discussed the speakers, with further participation by the lawyer Florian Glatz (President of the Blockchain Federal Association), and moderated by Sven Wagenknecht (editor-in-chief of BTC-ECHO) their points of view with the very attentive audience.

“We are aware that the Blockchain raises at the moment a lot more questions than satisfying answers. The challenges can be derived from multi-disciplinary research needs of the University of Kassel with the Blockchain and under this roof, operating the DLT research group“, Prof. Blocher in a first conclusion. “The disruptive technology of Blockchain inspired fantasies of a transparent information society. The LPR Hessen, the upcoming evolutionary changes are equally constructively, critically, and with a particular focus on the protection of privacy“, says Prof. Erdemir.

With the 2012 launched lecture series “the focal point of media and the law” from the company, the LPR Hessen and the Institute for economic law at the University of Kassel (IWR) in cooperation with the law society of Kassel and the Institute for European media law (EMR) bridging the gap between science and practice and explore what a framework can put the law under the digital sign and. It was in the past years, among other things, issues related to matters of information, participation, Liquid Democracy, network neutrality, power of opinion and the threat of privacy due to electronic Gadgets.

The “focal point” will continue in the summer semester of 2019.

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