Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Digital Enterprise Value and Organization
Economics, Organization and Technology
for the Digital Enterprise
Make Blockchai...
SDA BOCCONI DEVO LAB
DEVO LAB MEMBERS
DEVO research program and
activities are assessed and
suggested by the DEVO LAB
Think Tank.
All Members h...
DEVO LAB FOUNDATION
The aim of DEVO Lab is to bring
together diversified perspectives,
experiences and backgrounds to
cons...
PARTNERSHIP WITH MIT DESIGN LAB
The DEVO Lab leverages a
partnership with MIT Design Lab
to scout emerging solutions and t...
BLOCKCHAIN HYPE
6
THE HYPE DRIVEN APPROACH TO BLOCKCHAIN
Conversation #1 with the CDO of a Company
CDO - Professor, we need your help. We ha...
THE HYPE DRIVEN APPROACH TO BLOCKCHAIN
Conversation #2 with the CDO of a Company
CDO - Professor, we are working on our pi...
OUR VISION
A blockchain is a sequence of
blocks, each one containing a
certain amount of information
distributed through a...
1
5
12
3
6
200+
300+
Bocconi course on Bitcoin and Blockchain
Master thesis supervised
Executive education sessions
Academ...
What is the value of a cryptocurrency’s network?
GOOGLE SEARCHES EXPLAIN 91% OF BITCOIN MOVEMENTS!
CORRELATION IS NOT CAUSALITY
Are there economic fundamentals justifying the Bitcoin prices’ trend?
In a long-run equilibrium, price equals marginal cost
A COINTEGRATION MODEL TO DETERMINE THE EQUILIBRIUM PRICE OF BTC
Transaction fees
Newly-minted coins
Amortization and renov...
nov-13 mag-14 nov-14 mag-15 nov-15 mag-16 nov-16 mag-17 nov-17 mag-18
Bitcoin: equilibrium vs. effective price
Price Equil...
LIMITATIONS AND FURTHER RESEARCHES
Off-chain solutions Systemic acceptance Commodity or currency
Leonardo Maria De Rossi
Research Fellow
SDA Bocconi School of Management
leonardo.derossi@unibocconi.it
https://www.linked...
Upcoming SlideShare
Loading in …5
×

Crypto Coinference 2018 - Make Blockchain mainstream, but without the hype: il delicato ruolo dell’università Bocconi fra innovazione e conoscenza

62 views

Published on

Relatori:
Leonardo Maria De Rossi, Information System Researcher at SDA Bocconi School of Management | Blockchain & Bitcoin teacher at Università Commerciale Luigi Bocconi | Research Leader at DEVO
Nico Abbatemarco, Researcher at SDA Bocconi School of Management | Team Member at DEVO | Blockchain Author & Researcher

Quando si parla di temi come innovazione e digital transformation si fa spesso l’errore, più o meno volontario, di dare all’apparenza un peso molto maggiore rispetto alla sostanza. Questo è particolarmente vero per quanto riguarda blockchain, dove quasi sempre l’hype prevale sulla realtà. In questo contesto, l’università svolge un ruolo fondamentale nel contribuire a determinare quale è il reale valore aggiunto apportato da una tecnologia del genere. Leonardo De Rossi e Nico Abbatemarco, ricercatori di Information System presso SDA Bocconi, proveranno a fare luce su questo mondo raccontando l’esperienza su Blockchain del DEVO (Digital Enterprise Value Organization) Lab, il laboratorio di ricerca di SDA Bocconi impegnato nell’analisi della trasformazione digitale delle imprese, con particolare enfasi sugli impatti organizzativi ed economici dell’adozione di nuove tecnologie.

Published in: Technology
  • Be the first to comment

  • Be the first to like this

Crypto Coinference 2018 - Make Blockchain mainstream, but without the hype: il delicato ruolo dell’università Bocconi fra innovazione e conoscenza

  1. 1. Digital Enterprise Value and Organization Economics, Organization and Technology for the Digital Enterprise Make Blockchain mainstream, but without the hype Il delicato ruolo dell’università fra innovazione e conoscenza Leonardo Maria De Rossi leonardo.derossi@unibocconi.it Nico Abbatemarco nico.abbatemarco@sdabocconi.it Crypto Coinference * 8 Novembre 2018 Novotel Ca’ Granda Hotel * Milano * Italia
  2. 2. SDA BOCCONI DEVO LAB
  3. 3. DEVO LAB MEMBERS DEVO research program and activities are assessed and suggested by the DEVO LAB Think Tank. All Members have a long-term commitment to the DEVO Lab and are entitled to have a representative in the DEVO LAB’s Think Tank. Other participants could include representatives of sponsors of large research projects and experts in the field with international standing.
  4. 4. DEVO LAB FOUNDATION The aim of DEVO Lab is to bring together diversified perspectives, experiences and backgrounds to consistently assess the business implications of technologies and the value generation they can enable. The DEVO Lab merges the ideas and insights born from the Think Tank sessions carried out in collaboration with a broad and multidisciplinary community of professionals.
  5. 5. PARTNERSHIP WITH MIT DESIGN LAB The DEVO Lab leverages a partnership with MIT Design Lab to scout emerging solutions and to bring a frontier perspective to all its research streams. A MIT report on disruptive technologies is shared every six months with all the Lab Members. Yihyun Lim Director of the MIT Design Lab
  6. 6. BLOCKCHAIN HYPE 6
  7. 7. THE HYPE DRIVEN APPROACH TO BLOCKCHAIN Conversation #1 with the CDO of a Company CDO - Professor, we need your help. We have to realize a pilot with blockchain by the end of 2018 Prof. - Great! Why do you “have to” do something on blockchain by the end of the year? CDO - Because it’s in our plan Prof. - Why is it in your plan? CDO – Well, you know, everybody in our industry is talking about blockchain, our main competitors are moving on, so…
  8. 8. THE HYPE DRIVEN APPROACH TO BLOCKCHAIN Conversation #2 with the CDO of a Company CDO - Professor, we are working on our pilot. We started to scope out the project, but we’re not able to find a candidate process for a blockchain test Prof. - Do you have some ideas? CDO - Should we organize a workshop to find out a problem we can solve with blockchain?
  9. 9. OUR VISION A blockchain is a sequence of blocks, each one containing a certain amount of information distributed through a chain (i.e. a ledger) over a network (in the most common case, the Internet). Every blockchain is a combination of three main technical pillars: ▪ Distributed computation ▪ Advanced cryptography ▪ Consensus mechanism What is the blockchain? Blockchain allows the creation of a totally decentralized and distributed ecosystem without the need of any intermediaries, enabling the creation of a: ▪ Reliable; ▪ Secure; and ▪ Censorship-resistant ecosystem for transferring value in the (untrusted) digital world. How can blockchain be useful? Despite all the hype, there is no need for a blockchain architecture in most of today’s business applications. However, there can be space for a blockchain solution if I: ▪ Need to immutably store some kind of information; ▪ Need to share these information with external stakeholders; ▪ Do not trust all or any of the stakeholders involved; ▪ Want to verify the correctness of the other stakeholders’ info. When do I need to use blockchain?
  10. 10. 1 5 12 3 6 200+ 300+ Bocconi course on Bitcoin and Blockchain Master thesis supervised Executive education sessions Academic conferences International publications University students 2018 Executive participants 2018
  11. 11. What is the value of a cryptocurrency’s network?
  12. 12. GOOGLE SEARCHES EXPLAIN 91% OF BITCOIN MOVEMENTS!
  13. 13. CORRELATION IS NOT CAUSALITY
  14. 14. Are there economic fundamentals justifying the Bitcoin prices’ trend?
  15. 15. In a long-run equilibrium, price equals marginal cost
  16. 16. A COINTEGRATION MODEL TO DETERMINE THE EQUILIBRIUM PRICE OF BTC Transaction fees Newly-minted coins Amortization and renovation of hardware Cost of electricity
  17. 17. nov-13 mag-14 nov-14 mag-15 nov-15 mag-16 nov-16 mag-17 nov-17 mag-18 Bitcoin: equilibrium vs. effective price Price Equilibrium price
  18. 18. LIMITATIONS AND FURTHER RESEARCHES Off-chain solutions Systemic acceptance Commodity or currency
  19. 19. Leonardo Maria De Rossi Research Fellow SDA Bocconi School of Management leonardo.derossi@unibocconi.it https://www.linkedin.com/in/leonardo-de-rossi-a9971bb1/ Nico Abbatemarco Researcher SDA Bocconi School of Management nico.abbatemarco@sdabocconi.it https://it.linkedin.com/in/nico-abbatemarco-aa5957137 CONTACTS

×