The Capstone Project provides an opportunity for the student to apply the theoretical ideas and tools learned from other courses. The project is usually applied, rather than theoretical, exercise, and should focus on a real world problem related to the career goals of the student. The one-semester project may be completed in either the fall or sprong term of the senior year, and must be done under the supervision of a sponsoring faculty member. It considers basic concepts of law and legal process, in the U.
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Blockchain technology is still in its infancy but looms on the horizon as a potential disruptor in many industries. Yet, our laws, regulations and ideas about trust and accountability have not kept pace. When it comes to understanding both the opportunities and threats of new technology, Kevin Werbach is a leading authority. Drawing on his extensive experience in tech, government and academia, Werbach helps organizations navigate technological change and harness its opportunities in trustworthy ways.
Professor of Legal Studies and Business Ethics at The Wharton School, University of Pennsylvania, Werbach is a pioneer in emerging fields of algorithmic accountability, wireless communications, gamification applying digital game design principles to business processes and blockchain governance. Broadly, Werbach communicates a framework in which organizations can leverage technological innovation and effective governance to promote trust.
He heads the cryptoregulation initiative of the Zicklin Center for Business Ethics Research, serves as faculty advisor to the Penn Blockchain Club, and teaches one of the first interdisciplinary courses on blockchain, cryptocurrency and distributed ledger technology. Prior to joining the Wharton faculty, Werbach was the editor of Release 1. Werbach is a magna cum laude graduate of Harvard Law School, where he served as publishing editor of the Harvard Law Review, and a summa cum laude graduate of the University of California at Berkeley.
But in addition to offering enormous new opportunities for growth and innovation, these technologies can also produce abuses of privacy, unethical manipulation and new forms of discrimination. In turn, such challenges have resulted in more political scrutiny and regulation of the firms that develop and employ these emerging technologies or utilize the data of millions of consumers. These actions create potential pitfalls ranging from public backlash to extensive fines and even outright bans.
Organizations seeking to benefit from big data and analytics must consider their limitations, as well as the emerging legal and technical mechanisms of algorithmic accountability. Some experts as well as non-experts tout the coming triumph of the blockchain-enabled cryptocurrency over all existing forms of money. But the digital currencies that do exist are frequently used for illegal activity or bubble-inducing speculation that tends to end in catastrophe for investors who fail to sell at the right time.
And yet, says Kevin Werbach, it would be wrong to dismiss these technologies. Separate from cryptocurrency investment activity, organizations and communities around the world are starting to deploy blockchain-based systems — in a less dramatic fashion — to address real business needs and create new financial instruments. These include shoring up transparency and accountability in global transactions and supply chains, and creating alternative, decentralized financial structures that combine reliability with wider accessibility.
Ultimately, blockchain can reinforce and build trust between organizations in an era when digital technology is more likely to harm rather than help confidence in institutions.
In this presentation, Werbach demystifies blockchain and identifies its real-world value propositions, along with the remaining challenges before it reaches its full potential. Yet, even relatively tech-savvy executives admit they do not really know what these technologies are or why they are important.
These three seemingly unrelated trends are actually elements of a common mega-trend: automation of the world. In fact, augmented reality AR , the Internet of Things IoT and gamification are part of the same process: the convergence of cyberspace and physical space. Furthering the analogy, IoT is the sensory apparatus, AR is the visual field and gamification is the emotions. They are all mutually reinforcing. Only by understanding the cumulative impact of these emerging technologies will organizations truly realize their value and transformative power.
After the Internet: The Worldwide Web in 10 Years Today, we take for granted that the majority of humanity is connected in real-time to the global internet, which was the stuff of science fiction 30 years ago. Yet, there is no guarantee there will still be an internet as we know it even 10 years from now. How might the internet fragment, or conversely, how might cyberspace become indistinguishable from the real world?
What would be the implications, and how can organizations plan for these scenarios? Technologies such as e-commerce, social media, AI and the sharing economy are increasingly seen as means of exploitation that undermine, rather than reinforce, trust.
Many organizations aspire to be ethical and socially responsible, says Kevin Werbach, and yet, good people and companies still frequently wind up doing bad things. How many Silicon Valley giants, for instance, profess to believe in privacy, security and human rights, but are then revealed to be routinely exploiting personal information, allowing data to be compromised or stolen, or aiding authoritarian governments?
We need to start focusing less on values than on the ways to act on and implement them. GREAT—Governance, Responsibility, Accountability and Trust—is an integrated framework for organizations that takes advantage of emerging digital technologies.
In this presentation, Kevin Werbach shows how organizations can re-establish authentic trust through emerging technologies of blockchain, accountable algorithms and digital identity.
Dan Hunter is an expert in internet law, intellectual property, and the application of games to public policy arenas. He previously taught law at He says gamification done right is about meaningful competition. Direct and to the point, the book is chock-full of solid, studied examples illustrating both best practices and pitfalls to avoid. In the 21st century, business must shift from push to pull to get the best out of their employees and to entice their customers.
For the Win