ABC – Austrian Blockchain Center
Proposed COMET K1 Research Center

The Center's mission is to be the one-stop-shop Austrian Research Center for Blockchain (and related) technologies to be applied in industrial applications like industry 4.0 / IoT as well as financial, energy, logistics, government and administrative applications. Those new applications and business models resulting from collaborations between established players, innovative startups and top R&D institutes will be the key for the creation of new jobs and establishing Austria among the top ten innovative countries in Europe.

The R&D themes of the center have been organized in 5 Areas targeting economic, technological, applications as well as political and legal topics interfacing with existing COMET centers like CDP, SBA as well as international Blockchain initiatives.


Overall Scientific Lead: Prof. Taudes, Institut für Kryptoökonomie, WU Wien

Area 1: Cryptography, Technology & Security

Lead: Dr. Weippl: SBA Research

Prof. Kühn: TU Wien, Institute of Information Systems Engineering, Compiler and Languages Group
Prof. Maffei: TU Wien, Institute for Information Systems
Prof. Pietrzak: Institute of Science and Technology Austria (IST)
Prof. Rechberger: Graz University of Technology - IAIK
Prof. Rinderle-Ma, Prof. Klas: University of Vienna, Faculty of Computer Science
Ass. Prof. Schulte: TU Wien, Institute of Information Systems Engineering, Distributed Systems Group

Area 1 addresses the technical and theoretical foundations of distributed ledger technology. As we have seen in the past, understanding the mathematics and cryptography is important as these are the foundations for consensus building, which is again the very foundation of DLT. The area will also address technical aspects of different types of Blockchains and “Non-Blockchains”, Smart Contracts and transparency on the Blockchain.


Area 2: Cryptoeconomic Modelling & Blockchain Applications for Business

Lead: Dr. Shermin Voshmgir: WU Vienna, Research Institute for Cryptoeconomics

Dr. Di Ciccio, Prof. Crespo-Cuaresma, Dr. De Silva, Prof. Eberhartinger, Dr. Eisl, Prof. Franke, Prof. Hirschler, Prof. Mendling, Prof. Moser, Prof. Pichler, Prof. Reutterer, Prof. Schäfer, Mag. Treytl: WU Vienna
Prof. Michaelis: University of Kassel, DLT Resarch Group
Prof. Sandner: Frankfurt School, Blockchain Center at the Frankfurt School of Finance & Management gGmbH
Prof. Tessone: University of Zurich, URPP Social Networks

Blockchain & similar distributed ledger technology (DLT) has the potential to fundamentally disrupt the current economic system by enabling the replacement of intermediaries by trust less peer-to-peer systems for value exchange. Area 2 addresses the economic potentials and problems of this new paradigm. The area will study economic questions that arise in any peer-to-peer system and investigate DLT based decentralized business models in specific application domains.


Area 3: Emerging Industries & Blockchains in Manufacturing

Lead: Prof. (FH) Fidler, Dr. Moser: University of Applied Sciences (UAS) - (FH St. Pölten)

Prof. Bleicher, DI Mörzinger, DI Raschendorfer: TU Wien, Institute for Production Engineering and Laser Technology
DI Hohlagschwandtner, Ackerl MSc, Ing. Gangl MSc, DI Hubmann: FOTEC Forschungs- und Technologietransfer GmbH
Prof. Louca, Prof. Giaglis, Prof. Iosif, Prof. Makridakis: University of Nicosia (Cyprus), Blockchain Initiative
Prof. (FH) Schumacher, Dobler MSc, BSc: FH Vorarlberg
Prof. Treiblmaier: Modul University Vienna, Institute for International Management

Area 3 focuses on the technological aspects of Blockchains in Industry 4.0 and the Internet of Things. The convergence of Blockchain with emerging technologies in those fields such as semantic database solutions, machine learning, cloud manufacturing, 3D printing and machine-to-machine will be at the centre of the activities.


Area 4: Data Science Methods for Blockchain Analytics & Predictions

Dr. Haslhofer: Austrian Institute of Technology GmbH (AIT)
Mag. Tarasiewicz: Research Institute for Arts and Technology (RIAT)

Prof. Böhme University of Innsbruck, Security and Privacy Lab
Brekke MSc, Newman MA, MFA: Research Institute for Arts and Technology (RIAT)
Dr. King, Dr. Kupzog, Dr. Slamanig: Austrian Institute of Technology GmbH (AIT)

Understanding socio-economic and technical questions that arise in blockchain-based systems requires novel data-driven methods, services and tools. The goal of Area 4 is to investigate, and develop scalable data science methods, tools and services that contribute to a better understanding of the structure and dynamics of blockchain-based ecosystems and environments. A central outcome will be a horizontally scalable platform that can be used by researchers and practitioners to answer scientific or business-related questions. This area will also have a strong interdisciplinary and community-oriented and focus and involve data scientists, practitioners from the startup community, as well as scientists with various backgrounds within and outside the ABC initiative. From an organizational perspective, this area could be organized horizontally to other areas.


Area 5: Legal and Political Implications

Lead: Prof. Kalss: WU Vienna

Prof. Blocher, Prof. von Wangenheim: University of Kassel, DLT Resarch Group
De Jong LLM, Prof. Eberhard, Mag. Olowska, Prof. Owens, Prof. Winner: WU Vienna
Prof. Forgó, Prof. Wendehorst: University of Vienna, Department of Innovation and Digitalisation in Law

As a completely new technological concept, DLT also raises demanding legal questions throughout all fields on a national and international level. Area 5 aims to address legal questions arising under current legislation including matters of private, public and tax law, tries to address concepts and suggestions for future legal frameworks and starts to analyse further political implications.


Research Team

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Forschungsinstitut für Kryptoökonomie

Welthandelsplatz 1, Gebäude D2
A-1020 Vienna, Austria
Mail: info-crypto-economy@wu.ac.at

Organisation: Dr. Emmerich Fuchs und Dr. Christian Baumann

Privacy Policy

We are very delighted that you have shown interest in our enterprise. Data protection is of a particularly high priority for the management of the Forschungsinstitut für Kryptoökonomie. The use of the Internet pages of the Forschungsinstitut für Kryptoökonomie is possible without any indication of personal data; however, if a data subject wants to use special enterprise services via our website, processing of personal data could become necessary. If the processing of personal data is necessary and there is no statutory basis for such processing, we generally obtain consent from the data subject.

The processing of personal data, such as the name, address, e-mail address, or telephone number of a data subject shall always be in line with the General Data Protection Regulation (GDPR), and in accordance with the country-specific data protection regulations applicable to the Forschungsinstitut für Kryptoökonomie. By means of this data protection declaration, our enterprise would like to inform the general public of the nature, scope, and purpose of the personal data we collect, use and process. Furthermore, data subjects are informed, by means of this data protection declaration, of the rights to which they are entitled.

As the controller, the Forschungsinstitut für Kryptoökonomie has implemented numerous technical and organizational measures to ensure the most complete protection of personal data processed through this website. However, Internet-based data transmissions may in principle have security gaps, so absolute protection may not be guaranteed. For this reason, every data subject is free to transfer personal data to us via alternative means, e.g. by telephone.

1. Definitions

The data protection declaration of the Forschungsinstitut für Kryptoökonomie is based on the terms used by the European legislator for the adoption of the General Data Protection Regulation (GDPR). Our data protection declaration should be legible and understandable for the general public, as well as our customers and business partners. To ensure this, we would like to first explain the terminology used.

In this data protection declaration, we use, inter alia, the following terms:

2. Name and Address of the controller

Controller for the purposes of the General Data Protection Regulation (GDPR), other data protection laws applicable in Member states of the European Union and other provisions related to data protection is:

Forschungsinstitut für Kryptoökonomie

Welthandelsplatz 1, Gebäude D2

1020 Vienna


Phone: +43 1 31336 6015

Email: info-crypto-economy@wu.ac.at

Website: https://www.blockchain-center.at

3. Cookies

The Internet pages of the Forschungsinstitut für Kryptoökonomie use cookies. Cookies are text files that are stored in a computer system via an Internet browser.

Many Internet sites and servers use cookies. Many cookies contain a so-called cookie ID. A cookie ID is a unique identifier of the cookie. It consists of a character string through which Internet pages and servers can be assigned to the specific Internet browser in which the cookie was stored. This allows visited Internet sites and servers to differentiate the individual browser of the dats subject from other Internet browsers that contain other cookies. A specific Internet browser can be recognized and identified using the unique cookie ID.

Through the use of cookies, the Forschungsinstitut für Kryptoökonomie can provide the users of this website with more user-friendly services that would not be possible without the cookie setting.

By means of a cookie, the information and offers on our website can be optimized with the user in mind. Cookies allow us, as previously mentioned, to recognize our website users. The purpose of this recognition is to make it easier for users to utilize our website. The website user that uses cookies, e.g. does not have to enter access data each time the website is accessed, because this is taken over by the website, and the cookie is thus stored on the user's computer system. Another example is the cookie of a shopping cart in an online shop. The online store remembers the articles that a customer has placed in the virtual shopping cart via a cookie.

The data subject may, at any time, prevent the setting of cookies through our website by means of a corresponding setting of the Internet browser used, and may thus permanently deny the setting of cookies. Furthermore, already set cookies may be deleted at any time via an Internet browser or other software programs. This is possible in all popular Internet browsers. If the data subject deactivates the setting of cookies in the Internet browser used, not all functions of our website may be entirely usable.

4. Collection of general data and information

The website of the Forschungsinstitut für Kryptoökonomie collects a series of general data and information when a data subject or automated system calls up the website. This general data and information are stored in the server log files. Collected may be (1) the browser types and versions used, (2) the operating system used by the accessing system, (3) the website from which an accessing system reaches our website (so-called referrers), (4) the sub-websites, (5) the date and time of access to the Internet site, (6) an Internet protocol address (IP address), (7) the Internet service provider of the accessing system, and (8) any other similar data and information that may be used in the event of attacks on our information technology systems.

When using these general data and information, the Forschungsinstitut für Kryptoökonomie does not draw any conclusions about the data subject. Rather, this information is needed to (1) deliver the content of our website correctly, (2) optimize the content of our website as well as its advertisement, (3) ensure the long-term viability of our information technology systems and website technology, and (4) provide law enforcement authorities with the information necessary for criminal prosecution in case of a cyber-attack. Therefore, the Forschungsinstitut für Kryptoökonomie analyzes anonymously collected data and information statistically, with the aim of increasing the data protection and data security of our enterprise, and to ensure an optimal level of protection for the personal data we process. The anonymous data of the server log files are stored separately from all personal data provided by a data subject.

5. Routine erasure and blocking of personal data

The data controller shall process and store the personal data of the data subject only for the period necessary to achieve the purpose of storage, or as far as this is granted by the European legislator or other legislators in laws or regulations to which the controller is subject to.

If the storage purpose is not applicable, or if a storage period prescribed by the European legislator or another competent legislator expires, the personal data are routinely blocked or erased in accordance with legal requirements.

6. Rights of the data subject

7. Data protection provisions about the application and use of Google Analytics (with anonymization function)

On this website, the controller has integrated the component of Google Analytics (with the anonymizer function). Google Analytics is a web analytics service. Web analytics is the collection, gathering, and analysis of data about the behavior of visitors to websites. A web analysis service collects, inter alia, data about the website from which a person has come (the so-called referrer), which sub-pages were visited, or how often and for what duration a sub-page was viewed. Web analytics are mainly used for the optimization of a website and in order to carry out a cost-benefit analysis of Internet advertising.

The operator of the Google Analytics component is Google Inc., 1600 Amphitheatre Pkwy, Mountain View, CA 94043-1351, United States.

For the web analytics through Google Analytics the controller uses the application "_gat. _anonymizeIp". By means of this application the IP address of the Internet connection of the data subject is abridged by Google and anonymised when accessing our websites from a Member State of the European Union or another Contracting State to the Agreement on the European Economic Area.

The purpose of the Google Analytics component is to analyze the traffic on our website. Google uses the collected data and information, inter alia, to evaluate the use of our website and to provide online reports, which show the activities on our websites, and to provide other services concerning the use of our Internet site for us.

Google Analytics places a cookie on the information technology system of the data subject. The definition of cookies is explained above. With the setting of the cookie, Google is enabled to analyze the use of our website. With each call-up to one of the individual pages of this Internet site, which is operated by the controller and into which a Google Analytics component was integrated, the Internet browser on the information technology system of the data subject will automatically submit data through the Google Analytics component for the purpose of online advertising and the settlement of commissions to Google. During the course of this technical procedure, the enterprise Google gains knowledge of personal information, such as the IP address of the data subject, which serves Google, inter alia, to understand the origin of visitors and clicks, and subsequently create commission settlements.

The cookie is used to store personal information, such as the access time, the location from which the access was made, and the frequency of visits of our website by the data subject. With each visit to our Internet site, such personal data, including the IP address of the Internet access used by the data subject, will be transmitted to Google in the United States of America. These personal data are stored by Google in the United States of America. Google may pass these personal data collected through the technical procedure to third parties.

The data subject may, as stated above, prevent the setting of cookies through our website at any time by means of a corresponding adjustment of the web browser used and thus permanently deny the setting of cookies. Such an adjustment to the Internet browser used would also prevent Google Analytics from setting a cookie on the information technology system of the data subject. In addition, cookies already in use by Google Analytics may be deleted at any time via a web browser or other software programs.

In addition, the data subject has the possibility of objecting to a collection of data that are generated by Google Analytics, which is related to the use of this website, as well as the processing of this data by Google and the chance to preclude any such. For this purpose, the data subject must download a browser add-on under the link https://tools.google.com/dlpage/gaoptout and install it. This browser add-on tells Google Analytics through a JavaScript, that any data and information about the visits of Internet pages may not be transmitted to Google Analytics. The installation of the browser add-ons is considered an objection by Google. If the information technology system of the data subject is later deleted, formatted, or newly installed, then the data subject must reinstall the browser add-ons to disable Google Analytics. If the browser add-on was uninstalled by the data subject or any other person who is attributable to their sphere of competence, or is disabled, it is possible to execute the reinstallation or reactivation of the browser add-ons.

Further information and the applicable data protection provisions of Google may be retrieved under https://www.google.com/intl/en/policies/privacy/ and under http://www.google.com/analytics/terms/us.html. Google Analytics is further explained under the following Link https://www.google.com/analytics/.

8. Legal basis for the processing

Art. 6(1) lit. a GDPR serves as the legal basis for processing operations for which we obtain consent for a specific processing purpose. If the processing of personal data is necessary for the performance of a contract to which the data subject is party, as is the case, for example, when processing operations are necessary for the supply of goods or to provide any other service, the processing is based on Article 6(1) lit. b GDPR. The same applies to such processing operations which are necessary for carrying out pre-contractual measures, for example in the case of inquiries concerning our products or services. Is our company subject to a legal obligation by which processing of personal data is required, such as for the fulfillment of tax obligations, the processing is based on Art. 6(1) lit. c GDPR. In rare cases, the processing of personal data may be necessary to protect the vital interests of the data subject or of another natural person. This would be the case, for example, if a visitor were injured in our company and his name, age, health insurance data or other vital information would have to be passed on to a doctor, hospital or other third party. Then the processing would be based on Art. 6(1) lit. d GDPR. Finally, processing operations could be based on Article 6(1) lit. f GDPR. This legal basis is used for processing operations which are not covered by any of the abovementioned legal grounds, if processing is necessary for the purposes of the legitimate interests pursued by our company or by a third party, except where such interests are overridden by the interests or fundamental rights and freedoms of the data subject which require protection of personal data. Such processing operations are particularly permissible because they have been specifically mentioned by the European legislator. He considered that a legitimate interest could be assumed if the data subject is a client of the controller (Recital 47 Sentence 2 GDPR).

9. The legitimate interests pursued by the controller or by a third party

Where the processing of personal data is based on Article 6(1) lit. f GDPR our legitimate interest is to carry out our business in favor of the well-being of all our employees and the shareholders.

10. Period for which the personal data will be stored

The criteria used to determine the period of storage of personal data is the respective statutory retention period. After expiration of that period, the corresponding data is routinely deleted, as long as it is no longer necessary for the fulfillment of the contract or the initiation of a contract.

11. Provision of personal data as statutory or contractual requirement; Requirement necessary to enter into a contract; Obligation of the data subject to provide the personal data; possible consequences of failure to provide such data

We clarify that the provision of personal data is partly required by law (e.g. tax regulations) or can also result from contractual provisions (e.g. information on the contractual partner). Sometimes it may be necessary to conclude a contract that the data subject provides us with personal data, which must subsequently be processed by us. The data subject is, for example, obliged to provide us with personal data when our company signs a contract with him or her. The non-provision of the personal data would have the consequence that the contract with the data subject could not be concluded. Before personal data is provided by the data subject, the data subject must contact any employee. The employee clarifies to the data subject whether the provision of the personal data is required by law or contract or is necessary for the conclusion of the contract, whether there is an obligation to provide the personal data and the consequences of non-provision of the personal data.

12. Existence of automated decision-making

As a responsible company, we do not use automatic decision-making or profiling.

This Privacy Policy has been generated by the Privacy Policy Generator of the German Association for Data Protection that was developed in cooperation with Privacy Lawyers from WILDE BEUGER SOLMECKE, Cologne.