An example of cryptocurrency funded education: the ICO of IEBS Business School

Authors

  • Raúl Jaime Maestre Director del Máster en Blockchain y Fintech en la IEBS Business School, profesor en la Universitat Oberta de Catalunya y doctorando en Ciencias de la Computación en la Universidad Internacional de La Rioja (España)

DOI:

https://doi.org/10.51302/tce.2020.375

Keywords:

Blockchain, IEBS Business School, criptomoneda, token, Fintech, initial coin offering (ICO)

Abstract

This study is an analysis of a company that works in the education sector and wants to expand its business to new fields within innovative training. IEBS Business School, the company we are analyzing, wants to exploit the advantages offered by Blockchain technology. For this reason, some of the main features of Blockchain technology are analyzed. The reader is introduced to the financing procedure through initial coin offering (ICO), a new concept in today's financial world.

In summary, IEBS Business School will be our example of how the use of Blockchain technology, together with a financing initiative through ICO, can help create a competitive advantage for a company that aims to expand its business in the education sector.

Downloads

Download data is not yet available.

References

Atzori, M. (1 de mayo de 2017). Blockchain governance and the role of trust service providers: the TrustedChain® network. SSRN. Disponible en https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2972837 (consultado el 3 de mayo de 2019).

Carr, N. G. (2003). It doesn’t matter. Harvard Business Review. Disponible en https://mota-mem.org/wp-content/uploads/2017/02/nicholas-carr-it-does-not-atter.pdf (consultado el 15 de mayo de 2019).

Grech, A. y Camilleri, A. F. (2017). Blockchain in education. Luxembourg: Publications Office of the European Union 2017, 132 R. JRC Science for Policy Report. Disponible en https://www.pedocs.de/volltexte/2018/15013/pdf/Grech_Camilleri_2017_Blockchain_in_Education.pdf (consultado el 10 de febrero de 2019).

Filipowski, A. (2018). Blockchain for 2018 and beyond: a (growing) list of Blockchain use cases. Medium. Disponible en https://medium.com/fluree/blockchain-for-2018-and-beyond-a-growing-list-of-blockchain-use-cases-37db7c19fb99 (consultado el 14 de abril de 2019).

Iansiti, M. y Lakhani, K. R. (2017). The truth about Blockchain. Harvard Business Review. Disponible en https://enterprisersproject.com/sites/default/files/the_truth_about_blockchain.pdf (consultado el 2 de mayo de 2019).

Jaime Maestre, R. (2018a). Blockchain en el sector de la logística: trazabilidad y transparencia. IEBS. Disponible en https://www.iebschool.com/blog/blockchain-logistica/ (consultado el 30 de mayo de 2019).

Jaime Maestre, R. (2018b). Blockchain rompe las cadenas musicales de Youtube, Spotify y los grandes sellos discográficos. IEBS. Disponible en https://www.iebschool.com/blog/blockchain-cadenas-musicales-youtube-spotify-discograficos-tecnologia/ (consultado el 22 de mayo de 2019).

Jaime Maestre, R. (mayo de 2019). La Blockchain revolucionarà la comunicació de l’empresa. Comunicació: Revista de Recerca i d’Anàlisis, 36(1). Disponible en http://revistes.iec.cat/index.php/TC/article/view/145793 (consultado el 22 de mayo de 2019).

Kharpal, A. (16 de julio de 2018). Tokenization: the world of ICOs. CNBC. Disponible en https://www.cnbc.com/2018/07/13/initial-coin-offering-ico-what-are-they-how-do-they-work.html (consultado el 13 de abril de 2019).

Mattila, J. y Seppälä, T. (13 de agosto de 2015). Blockchains as a path to a network of systems. ETLA, 45. Disponible en https://www.etla.fi/wp-content/uploads/ETLA-Raportit-Reports-45.pdf (consultado el 14 de mayo de 2019).

Malviya, H. (10 de diciembre de 2016). How Blockchain will defend IOT. SSRN. Disponible en http://dx.doi.org/10.2139/ssrn.2883711 (consultado el 14 de marzo de 2019).

Mougayar, W. (2016). The Business Blockchain: Promise, Practice and Application of the Next Internet Technology. Nueva Jersery, EE. UU.: Wiley.

Nakamoto, S. (2008). Bitcoin: a peer-to-peer electronic cash system. Bitcoin. Disponible en https://bitcoin.org/bitcoin.pdf (consultado el 3 de febrero de 2019).

Piscini, E., Guastella, J., Rozman, A. y Nassim, R. (24 de febrero de 2016). Blockchain: democratized trust: distributed ledgers and the future of value. Deloitte University Press. Disponible en http://dupress.com/articles/blockchain-applications-and-trustin-a-global-economy/ (consultado el 18 de mayo de 2019).

Prisco, G (2015). Slock.it to introduce smart locks linked to smart Ethereum contracts, decentralize the sharing economy. Bitcoin Magazine. Disponible en https://bitcoinmagazine.com/articles/slock-it-to-introduce-smart-locks-linked-to-smart-ethereum-contracts-decentralize-the-sharing-economy-1446746719 (consultado el 24 de mayo de 2019).

Preukschat, A. (Coord.). (2017). Blockchain: la revolución industrial de internet. Madrid: Planeta de Libros.

Reyna, A., Martín, C., Chen, J., Soler, E. y Díaz, M. (2018). On blockchain and its integration with IoT. Challenges and opportunities. Future Generation Computer Systems, 88, 173-190. Disponible en https://doi.org/10.1016/j.future.2018.05.046 (consultado el 27 de mayo de 2019).

Schueffel, P. (15 de diciembre de 2017). Alternative distributed ledger technologies Blockchain vs. Tangle vs. Hashgraph-A high-level overview and comparison. SSRN. Disponible en https://ssrn.com/abstract=3144241 (consultado el 21 de abril de 2019).

SDF. (17 de julio de 2018). Stellar first DLT to obtain sharia certification for payments & asset tokenization. Stellar Blog. Disponible en https://www.stellar.org/blog/stellar-receives-sharia-compliance-certification-transfers-tokenization (consultado el 11 de abril de 2019).

SDF y LHoFT. (2018). Understanding initial coin offerings: technology, benefits, risks and regulation. The LHoFT. Disponible en https://www.lhoft.com/en/the-future-of-fintech-lies-here/understanding-initial-coin-offerings- technology-benefits-risks-and-regulation (consultado el 10 de abril de 2019).

Tapscott, D. y Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World. Nueva York, EE. UU.: Penguin Random House.

Torpey, K. (2018). Microsoft to embrace decentralized identity systems built on bitcoin and other Blockchains. Forbes. Disponible en https://www.forbes.com/sites/ktorpey/2018/02/12/microsoft-to-embrace-decentralized-identity-systems-built-on-bitcoin-and-other-blockchains/ (consultado el 14 de marzo de 2019).

Veena, P. (2015). Device democracy: saving the future of the internet of things. IBM Corporation. Disponible en https://www.ibm.com/downloads/cas/Y5ONA8EV (consultado el 4 de abril de 2019).

Wright, A. y Filippi, P. de. (10 de marzo de 2015). Decentralized Blockchain technology and the rise of lex cryptographia. SSRN. Disponible en https://ssrn.com/abstract=2580664 (consultado el 30 de abril 2019).

Published

2020-01-08

How to Cite

Jaime Maestre, R. (2020). An example of cryptocurrency funded education: the ICO of IEBS Business School. Technology, Science and Education Journal, (15), 143–163. https://doi.org/10.51302/tce.2020.375

Issue

Section

Projects and Academic contributions