WHAT: Fourth SC6 Webinar on “Insight into Virtual Currency Ecosystems” (By making use of Big Data Technology)
WHEN: 16.2.2017, 15.00pm CEST
Fourth SC6 webinar was held on 16 February 2017. It was organised by the Consortium of Social Science Data Archives (CESSDA) from Norway and the Semantic Web Company (SWC) from Austria. Theme of the webinar was “Insight into Virtual Currency Ecosystems” presented by Dr. Bernhard Haslhofer, Data Scientist at the Austrian Institute of Technology.
Webinar lasted from 15:00 until 16:10 CET, and 15 people attended (out of 30 registered). General introduction of the Big Data Europe project, as well as final remarks, were provided by 2 moderators: the SC6 domain lead Ivana Ilijasic Versic from CESSDA, and CTO of the SWC and SC6 support technical partner, Martin Kaltenboeck.
Dr. Haslhofer started by introducing Bitcoin as the most prominent example of a virtual cryptocurrency and the use of Blockchain Technology (https://en.wikipedia.org/wiki/Blockchain_(database)). This currency is not issued by any government, bank, or organization but relies on cryptographic protocols and a distributed peer-to-peer network of users to mint, store, and transfer currency units. Transactions are almost real-time and costs are minimal compared to established payment networks, which offers novel opportunities for businesses and payment providers. After explaining virtual currency ecosystems, he moved to presentation of the GraphSense project (http://www.graphsense.info/), its goals, features and technical aspects including a demonstration. Finally, Dr. Haslhofer closed the presentation by providing a glimpse into the outlook for virtual currencies ecosystems, and possible challenges lying ahead.
The final part of the webinar was reserved for Q&A and participants used the opportunity to explore further some of the facts shared with them during the presentation. Webinar was closed with the announcement of related events following in the course of 2017.
Dr. Bernhard Haslhofer (Data Scientist, Austrian Institute of Technology)
As follows you can find the slides as well as the webinar recording: