Blockchain minor block B/D: Inidividual assignment (part 2)

On this page you will find the assignments for the second part of the The Hague University Blockchain Minor. Your contacts for the assignments are Dennis Ijlst and Jordi Jansen. If you have any questions, please let us know (preferably via Slack).

/ WEEK 1

Innovation & business

  • Deadline Sunday 23:59
“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.” ―


Search for an innovative idea and transform it into an executive summary of a business plan. Each student should prepare and submit a business plan that does not exceed 15 pages, must not be shorter than 10 pages and may report information on: 

Business opportunity 

Target market

Business model

Marketing and sales strategy


Financial analysis


Explain the following three parts in 1 video. Minimum 5 minutes, maximum 15.


Explain the main dimensions of innovation in terms of management, policy, the economy and government to develop an analytic ability in this area.


Explain the emerging opportunities and threats for existing and new businesses that disruptive technologies, such as digital currencies, have brought and may bring.


Explain how digital currencies and blockchains can be seen as financial and technological innovations and how you as a business manager would cope with these two emerging technologies.

1.3 (optional)

Watch the video below and fill in the filmform

Business Innovation, Improve Your Business with Strategic Innovation | Tony Robbins Podcast


Optional: more slides + further readings & viewings

On request

Assignments week 1

/ WEEK 2


  • Deadline Sunday 23:59
"What is really needed to make democracy function is not knowledge of facts, but right education." ―


!!IMPORTANT!! Apply this week’s knowledge about token- and cryptoeconomics in your overall level 3 portfolio assignment

“the blockchain based business case”.

More information and detailed description of the assignment can be found in the document “Overall Level 3 Portfolio Assignment – The Blockchain Based Business Case. Pinned in our Slack channel or ask Dennis for more information!


1.  Explain what the difference is between tokeneconomics and cryptoeconomics.

Enrich your answer with at least two examples of both categories. (Minimum 200 words.)

2.  Predict how cryptoeconomics could possibly influence the different system levels in the future educational ecosystem.

(Minimum 500 words.)

3.   Explain the importance of a multi-disciplinarity approach regarding organising the cryptoeconomics of an infrastructure. What kind of problems do you foresee?

(Minimum 250 words.)

4. !!OPTIONAL!! Read the following recommended sources about crypto-economics:

1. Cryptoeconomics-101
2. Introduction to cryptoeconomics by Vitalik Buterin
3. Making-sense-cryptoeconomics

Which new insights did you gain from each source?


Choose and support the categorisation of 3 tokens by analysing their role / functions or other relevant properties

1 . Classify 3 tokens of your own choosing via one of the models or frameworks as discussed in class. You can also use an alternative framework if you found a better one (let us know as well 😊!). Tip: you can find tokens at, connect with their website for more information and whitepapers etc (Minimum 350 words per project).

2. !!OPTIONAL!! If you could buy one cryptocurrency, which one would that be and for what reasons would you buy it?

3. !!OPTIONAL!! Explain how centralised coin rankings, developers and exchanges might collude with each other at cost of retail investors


!!IMPORTANT!! Regarding the overall level 3 assignment, your blockchain based business plan: design a simple token mechanism to incentivize individual actors that also benefits the ecosystem and apply them in your blockchain business plan.

1. !!OPTIONAL!! Elaborate on how mechanism design is a reverse game theory concept. (Minimum 50 words.)

2. Explain the central task of token design and why this is important for not only     blockchain technology but possibly for future societies as well. (Minimum 100 words.)

3.  Evaluate the goal effectiveness of design systems of three tokens of your own chosing. Might be wise to pick the tokens from previous 3.2.3. framework     assignment. Does the token design steer towards their goal / use-case? (Minimum 200 words in total.)

4. “The transition will be bumpy and shocking to many. It may even be nasty, as dying clans struggle to hold-on to the past at all costs. But eventually, they will pass into the pages of history like the Trilobites. And when it’s all over, nobody will mourn the loss of the old, broken, decaying, power hungry and violent networks of kings, queens, mobs, and corporations”. What is your opinion? “Motivate the answer” (Minimum 250 words)

5. !!OPTIONAL!! Dive in to the sources and find out what periodically-adjusted pricing and auction-basedpricing is. Find 3 examples of those types of pricing (try to find differentexamples than explained in class slides and literature).

Assignments week 2

/ WEEK 3


  • Deadline sunday 23:59
"The future belongs to those who believe in the beauty of their dreams." ―


!!IMPORTANT!! Apply this week’s knowledge about governance in your overall level3 portfolio assignment

“the blockchain based business case”.

More information and detailed description of the assignment can be found in the document “Overall Level 3 Portfolio Assignment – The Blockchain Based Business Case. Pinned in our Slack channel or ask Dennis for more information!

1. Explain in your own words what you mean with governance and name three examples of how you encounter governance in your daily live. (Minimum of 100 words.)

2.  Illustrate how dry and wet code relate to blockchain governance. Also explain the concept of the credo “code is law” when explaining dry code. (Minimum of 100 words.)

3.  Describe the different elements of blockchain governance. Which one do you deem most important and why? (Minimum of 100 words.)

4.  Evaluate and support in what amount decentralisation exists in current blockchain infrastructures. Take this to the next level by investigating centralised(possible) points of failure in your favourite blockchain based infrastructure. Extra points for possible solutions 😊! (Minimum of 250 words.)


5.  !!OPTIONAL!! Argue why good governance is important on micro and macro level. Which governance models are you most interested in and why? (Minimum of 200 words.)  

6.  !!OPTIONAL!! Formulate or find new quantifying methods to measure decentralisation.

7.  !!OPTIONAL!! Figure out the minimum Nakamoto coefficient of your country.


1.  !!VIDEO!!

Evaluate the possible future of smart contracts and support your arguments by comparing benefits and shortcomings of smart contracting. Length: minimum 2 and maximum 5 minutes. (Reading is NOT allowed.)

2.  !!OPTIONAL!! Stroll the worldwide web and figure out how to create your very own basic smartcontract. You are allowed to use standardized formats, like ERC-templates, but do show us the code and highlight your own contribution (input variables).

3.  !!OPTIONAL!! Describe in your own words how you can monetize your very own created smart contracts.Tip: combine this assignment with your overall blockchain business case.

4.  !!OPTIONAL!! You created a standardized contract, now try to figure out how to deploy it on testnet. Try it out, don’t be scared 😉 Even if you don’t succeed, you still gain new insights & nothing to lose but a bit of time. If “I can’t do this” pops up in your mind  two routes: 1.Ignore it and never learn. 2. Embark on your new mission and see where it will bring you (open up for failure!). Yoda: “the greatest teacher, failure is”.Output: either a deployed contract of 500 word report on your gained new insights.

5.  !!OPTIONAL!! Apply the concepts of Ricardian contracts on your business case where possible.


1. !!VIDEO!! Explain in your own words what an (smart contract related) Oracle is, what the role of an Oracle is and describe the different types of Oracles. Also pay attention to the Oracle problems in your explanation. (Length: minimum 2 and maximum 5 minutes. Reading is NOT allowed.)

2.  Do you think that at any point in future, when the technology will advance significantly, smart contracts on public blockchains will be able to interact with the external network by themselves, without the need for oracles? Or is it simple impossible?

3.  !!OPTIONAL!! Evaluate the effectiveness and limitations of different solutions for the Oracle problem.


1. Describe in your own words how reputation based systems, blockchains, digital currencies and ecosystems are intertwined with each other. (Minimum of 150 words)

2.  Evaluate how a reputation based system or reputation token could play a role in the ecosystem of KOIOS. (Minimum of 150 words)

3.  Evaluate how a reputation based system or reputation token could play a role in the ecosystem of KOIOS. (Minimum of 150 words)

4.  Explain in your own words how blockchain technology could enable SSI-systems. (Minimum of 100 words.)

5.  !!OPTIONAL!! Explain the differences and similarities of SSI- and REP-based systems. (Minimum of 100 words.)

6. !!OPTIONAL!! Visit (or other preferred platform), connect via your MetaMask and set up your own DAO at a testnet(Rinkeby for example)! Output: send a token via your DAO to Jamie or Dennis their Ethereum addresses(ask them in Slack).

7. !!VIDEO!! Explain what a DAO is and what the role of the blockchain ledger and smart contracting is in a DAO. Combine this with predictions / your vision of future roles ofDAO’s. (minimum 2 and maximum 5 minutes. Reading is NOT allowed.)

8.  !!VIDEO!! What are you three favourite consensus protocols? Explain how they work, name benefits as well as limitations, and why they are your favourite. (minimum 2 and maximum 5 minutes. Reading is NOT allowed.)

Assignments week 3

/ WEEK 4


  • Deadline Sunday 23:59
"Controversial disputes are a part of democratic culture." ―


Think about different kind of transactions in your life

Like daily (and maybe less important transactions) and bigger transactions (who can have maybe more intrinsic value) to you. Write down how you made those transactions and try to find out which companies were involved in those transactions.


1. Are Smart Contracts Real Contracts? Read the link and try to give your best answer.
2. Visit a centralized and a decentralized exchange and write down the differences and similarities between those exchanges.


Provide liquidity to Unsiwap (via rinkeby) with your Titan tokens

If you need more ETH:


Read the articles below and fill in the WritingForm that will be provided in slack.






Assignments week 4