CREDIT: Cryptocurrency Effects in Digital Transformations

Lead Research Organisation: University of Surrey
Department Name: Business

Abstract

This research will consider the research issues emerging from crypto currencies eg Bitcoin and their associated underlying technology, the block chain.

The Bank of England in its recent report on Digital Currencies suggest that although there are many innovations that are either an innovation in the payment system (M-Pesa) or the currency (Bristol £), digital currencies represent an innovation in both payment and currency.

Digital currencies that are based on cryptographic protocols are termed crypto-currencies. These allow end-users to operate a financial system "without trust in third-parties" (Weber, 2014) through the use of a distributed public ledger. These systems are are technologically innovative and potentially extremely disruptive not only of money and payment systems, but also of centralised structures of control, recording and validation.

This research aims to investigate the phenomena of crypto-currencies grouped around 4 main themes, digital transformations, privacy, community and institutions; themes which are closely inter-related through the issue of "currency" and present wide ranging research opportunities.


The outcomes of the research will be
Policy documents for various stakeholders including central and local government, industry bodies such as techUK, research agencies etc.
A methodology for those companies engaged in incorporating crypto-currencies and blockchain technologies within their products and services. The methodology will be a step-step guide of the issues to be considered at each phase and will address both start-ups and incumbents.
A number of small pilot studies examining the potential impacts of crypto-currencies
A community of academic researchers and professionals able to develop the research area
Support for the DE theme in developing future calls in crypto currencies.
A compilation and dissemination of evidence of impact from the projects, identifying risks and opportunities for the UK.

Planned Impact

Policy Making Impact
The research will provide evidence-based knowledge to inform policy making for the UK government, government agencies, industry groups such as TechUK and regional and local authorities. Crypto-currencies have the potential to make a considerable difference to both the activities of government bodies and policy-making. Through the work of Dr Mulligan at Future Cities Catapult we have excellent contacts with UK and European Government; Prof Brown (closely aligned to the project through Surrey's CODE research group) at Surrey has strong links to the Cabinet Office and the National Audit Office. Roger Maull has good links with Tech UK and meetings are already arranged to conduct further policy work.

Academic Impact
The research will provide new knowledge in the field of crypto-currencies and their economic and social impact; as such it is a typical Digital Economy multi-disciplinary project. We expect to make contributions to the fields of computer science, cryptography, economics, business and management. Within our wider community building activities we will also link with the broader social sciences: e.g. anthropologists have long researched into 'money' and debt. We will also incorporate the ideas emerging from our research into executive education, as well as post-graduate and undergraduate teaching.

In terms of research outputs we will focus attention on a small set of high quality publications. We have already begun discussion with an editor of a 4* Business journal as to the possibility of a Special Issue and Springer-Verlag have agreed a special issue for computer science related outputs. The leading edge of research in crypto currencies is in academic conferences. Therefore a key dissemination mechanism will be to present our research at leading conferences and academic seminars eg Computing, Information Systems and Management conferences. There is considerable interest in crypto-currencies amongst businesses and industry bodies and we have already had a number of invitations to present our research at these events.

Commercial Impact
Crypto-currencies have the potential to also transform fundamental aspects of industry and society. CREDIT will create impact on several levels across a broad spectrum of recipients in the UK. We will engage and create impact through interaction with industry both nationally and internationally (see Letters of Support). We will achieve this through running workshops and delivering presentations but also through building a process based workbook: a how-to guide. This will be particularly addressed at SMEs and start-ups. For incumbents we will also develop an audit tool around dominant design to analyse the key areas of resistance within the organization.

Community Impact
A driving force for CREDIT will be the creation of impact through delivering outputs from the UK academic community into globally relevant forums, for example W3C (Dr Mulligan has recently been invited to join this group to represent Cryptocurrencies and IoT), where CREDIT will be able to drive the results of CREDIT will act as an integrating entity to collaborate and co-ordinate these activities to ensure the research delivered will be received at the highest level.

A key part of CREDIT is to build upon the existing Digital Economy communities in economics and business models (NEMODE) and those around Cybersecurity/Cryptography/Crypto currencies (SSN+) to expand the connections between these networks and to integrate new members in order to link 'best-with-best' in this emerging field. Crypto currencies are inherently a multidisciplinary topic - requiring the integration of multiple research skills together. Every activity will therefore contain some aspect of inter-disciplinarity or multi-disciplinarity allowing members to exchange methods, best practice, knowledge, background and access to other relevant networks.

Publications

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Kewell E (2017) Blockchain Futures: With or Without Bitcoin? in Strategic Change: Briefings in Entrepreneurial Finance.

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Kewell E (2017) Blockchain for Good in Strategic Change: Briefings in Entrepreneurial Finance

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Maull, R (2017) Distributed Ledger Technology: Applications and Implications in Strategic Change: Briefings in Entrepreneurial Finance

 
Description CREDIT was a combined research and Network grant that investigated the the research issues emerging from crypto currencies eg Bitcoin and their associated underlying technology, the block chain.

This research considered the phenomena of crypto-currencies grouped around 4 main themes, digital transformations, privacy, community and institutions; themes which are closely inter-related through the issue of "currency" and present wide ranging research opportunities.

The outcomes of the research included:

Policy documents for various stakeholders including central and local government, industry bodies such as techUK, research agencies and various non governmental organisations including the Whitechapel ThinkTank etc.

A methodology for those companies engaged in incorporating crypto-currencies and blockchain technologies within their products and services. The methodology will be a step-step guide of the issues to be considered at each phase and will address both start-ups and incumbents.

A number of small pilot studies examining the potential impacts of crypto-currencies including 'blockchain for good'.

A community of academic researchers and professionals able to develop the research area. Evidence for this is the large community of scholars (in STEM humanities and social sciences) who are researching both the technology and its application.

Support for the DE theme in developing future calls in crypto currencies.

A compilation and dissemination of evidence of impact from the projects, identifying risks and opportunities for the UK.
Exploitation Route The funding has already been used to initiate research in five other blockchain projects
Sectors Aerospace

Defence and Marine

Agriculture

Food and Drink

Communities and Social Services/Policy

Creative Economy

Digital/Communication/Information Technologies (including Software)

Education

Energy

Financial Services

and Management Consultancy

Healthcare

Government

Democracy and Justice

Manufacturing

including Industrial Biotechology

Retail

Transport

URL https://epsrc.ukri.org/newsevents/news/distributedledgertechnologytransformenergybankinghealthcare/
 
Description CREDIT has produced two very widely cited outputs: The outputs of CREDIT have been widely cited, for example the output Distributed ledger technology: Applications and implications R Maull, P Godsiff, C Mulligan, A Brown, B Kewell - Strategic Change, 2017 has now been cited 243times in 7 years and Are Distributed Ledger Technologies the panacea for food traceability? Simon Pearson, David May, Georgios Leontidis, Mark Swainson, Steve Brewer, Luc Bidaut, Jeremy G Frey, Gerard Parr, Roger Maull, Andrea Zisman - Global food security, 2019 has been cited 202 times in 5 years. CREDIT also directly led to the work of Dr Beth Kewell and 'Blockchain for Good' which now has 258 cites (Feb 2024). 2023 - DLTs continue to be of significant interest internationally and the basis for many new products. Our research has led to many workshops and events with start ups and scale ups to commercialise the technology. Our research also led directly to a paper published in Nature (Food) 'A Trust Framework for Digital Food Systems'. Steve Brewer, Simon Pearson, Roger Maull, Phil Godsiff, Jeremy G Frey, Andrea Zisman, Gerard Parr, Andrew McMillan, Sarah Cameron, Hannah Blackmore, Louise Manning, Luc Bidaut Prof Mulligan is internationally recognised as a leading expert on DLT and is a Fellow of the World Economic Forum and was a member of the United Nations Secretary General's High Level Panel on Digital Cooperation during 2019.
First Year Of Impact 2023
Sector Aerospace, Defence and Marine,Agriculture, Food and Drink,Construction,Digital/Communication/Information Technologies (including Software),Education,Financial Services, and Management Consultancy,Healthcare,Manufacturing, including Industrial Biotechology,Retail,Transport
Impact Types Societal

Economic

 
Description Blockchains for Social Good - The Committee of the Regions EU, Brussels 21st June 2016
Geographic Reach Europe 
Policy Influence Type Contribution to a national consultation/review
Impact A round-table meeting at which regulatory requirements around blockchain with particular reference to the social good were discussed.
URL https://ec.europa.eu/digital-single-market/en/news/blockchains-social-good
 
Description CPTM Financial inclusion & Adaptive Flexibility Approaches in the Digital Age ; Central Bank Governors 5th Think Tanking Dialogue. 30th June
Geographic Reach National 
Policy Influence Type Participation in a guidance/advisory committee
URL https://www.youtube.com/watch?v=JA4LVvtRBeo
 
Description HMRC - Innovations unit
Geographic Reach National 
Policy Influence Type Implementation circular/rapid advice/letter to e.g. Ministry of Health
Impact ongoing discussions with senior HMRC officials from innovations unit on use DLT for policy and practice on borders and tax collection
 
Description Next Generation Services Advisory Panel meetings
Geographic Reach Local/Municipal/Regional 
Policy Influence Type Participation in a guidance/advisory committee
Impact Next Generation Services Advisory Panel meetings- attend on the 28th April 2020, 8th October 2020, 3rd February 2021
 
Description Next Generation Services Virtual Conferences
Geographic Reach National 
Policy Influence Type Contribution to a national consultation/review
Impact Participation in the Next Generation Services Virtual Conferences on future requirements for Insurance, Legal and Accountancy Services- 7th, 9th, 13th July 2020
 
Description Roundtable Discussion 20th April 2016
Geographic Reach Europe 
Policy Influence Type Participation in a guidance/advisory committee
URL http://www.cobdencentre.org/2016/04/the-cobden-centre-organises-first-digital-currencies-conference-...
 
Description Sir Mark Walport's Report- Distributed Ledger Technology:beyond the blockchain
Geographic Reach National 
Policy Influence Type Contribution to a national consultation/review
Impact Phil Godsiff wrote Chapter 5 'Disruptive Potential' within the report the significance of which was reflected in the ministerial introduction.
URL https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed...
 
Description Swift Aid
Amount £358,236 (GBP)
Funding ID 133294 
Organisation Innovate UK 
Sector Public
Country United Kingdom
Start 02/2018 
End 01/2019
 
Description Technology Driven Change and Next Generation Insurance Value Chains (TECHNGI)
Amount £1,304,485 (GBP)
Funding ID ES/S010416/1 
Organisation Economic and Social Research Council 
Sector Public
Country United Kingdom
Start 12/2018 
End 03/2022
 
Description The Internet of Food Things
Amount £1,139,958 (GBP)
Funding ID EP/R045127/1 
Organisation Engineering and Physical Sciences Research Council (EPSRC) 
Sector Public
Country United Kingdom
Start 04/2018 
End 05/2022
 
Description 'Blockchain: Is it Going to be Any Good for Us?' Elizabeth Kewell presenting to Food & Farming Futures Conference 2018: Innovative & Disruptive Technologies for Agri-food Supply Chains, The Slate, University of Warwick, 1st and 2nd of May. 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact • A National audience of 300-400 people including Lord Curry, leading people from the food and beverage industry, journalists, farmers, academics, public health scientists, civil servants which led to a follow-up conversation with the VC of the Royal Agricultural University.
Year(s) Of Engagement Activity 2018
URL https://horticulture.ahdb.org.uk/sites/default/files/AHDB%26Farming%20Futures%20Conference_Final%20p...
 
Description 'Blockchains in All Shapes, Sizes and Ethical Guises.' Presentation by Elizabeth Kewell to the Business and Management Research Institute, University of Bedfordshire, January 15th, 2019. 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact 30 participants academics and postgraduates which led to discussion between academic staff and students
Year(s) Of Engagement Activity 2019
URL https://www.beds.ac.uk/research-ref/bmri/news/news-2019
 
Description 'Blockchains, Curves and Paradigms.' Presentation from Elizabeth Kewell to Mathematics for Industry: Blockchain and Cryptocurrencies, The School of Mathematics at the University of Manchester, 8th of September, 2018 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact An audience of academics, PhD students, finance industry practitioners and alumni sparked discussion and led to a follow-up email from a hedge fund manager.
Year(s) Of Engagement Activity 2018
URL https://blockchain-mcr.github.io/schedule.pdf
 
Description 'Overseeing the 'Trust Machine' in International Development: A Responsible Innovation Agenda.' Presentation by Elizabeth Kewell to the Ox-Chain Workshop: Blockchain and the Global South, Coin Street Conference Centre, London, 22nd of May 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact An International audience of academics, PhD students, third sector professionals from international aid sector (e.g. Oxfam) resulting in good feedback from event organisers.
Year(s) Of Engagement Activity 2018
URL https://uploads.strikinglycdn.com/files/5c4c9806-af26-496a-9ecb-dc4a88361f68/OxChain%20Conference%20...
 
Description 12th International European Forum (Igls-Forum*) (EAAE Seminar) on Systems Dynamics and Innovation in Food Networks. Using Distributed Ledger Technology to authenticate food supply chains. P.J. Godsiff, P.Andi Smart, K.V.Alves, R.J.Adams, UK 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact The event required presentations to coordinate actors and the acceptance of risk, elements that are themselves up for innovative developments.
The food system's dynamic interdependencies needed a multidisciplinary view; research was required to cross the boundaries of traditional research lines The call for papers created an opportunity to influence research within this area.
Year(s) Of Engagement Activity 2018
URL https://www.aconf.org/conf_125544.html
 
Description 1st Oxford Conference Impact of Food Systems Future of Food 11th - 12th April Presentation on Blockchain 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact A significant impact from this event is that it has led to implementation of another conference in 2018
Year(s) Of Engagement Activity 2017
URL http://www.futureoffood.ox.ac.uk/food-security-forum/annual-conference-2017
 
Description 27th -28th June 2017 Presentation at the Med-Vet-Net Association t5th International Conference to Surrey University Vetinary School 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Phils Godsiff's presentations 'How could implementing Blockchain technology impact the livestock value chain?' stimulated lots of debate and encouraged networking across disciplines.
Year(s) Of Engagement Activity 2017
URL http://mvnassociation.org/medvetnet/index.php/news/171-5th-international-scientific-conference-on-on...
 
Description 2nd Service Systems Forum 12th-13th June 2016 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Discussion on the impact of Blockchain technology on service systems.
Year(s) Of Engagement Activity 2016
URL https://www2.warwick.ac.uk/fac/sci/wmg/research/business_transformation/ssg/ssgabout/sswmgactivities...
 
Description 5th Forum on Markets and Marketing, Venice 13-16th June 2016 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Not known
Year(s) Of Engagement Activity 2016
URL https://www2.warwick.ac.uk/fac/sci/wmg/research/business_transformation/ssg/ssgabout/sswmgactivities...
 
Description 7th International Conference on Corporate Sustainability and Responsibility - CSR in an Age of Digitalization, Berlin September 14-16th. 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Dr Phil Godsiff presented 'Distributed Ledger Technology: Does their Design Philosophy Hinder Working for the Social Good' on 16th September. http://www.csr-hu-berlin.org
Year(s) Of Engagement Activity 2016
URL http://www.csr-hu-berlin.org
 
Description After Money - Edinburgh 20/11/2017; Phil Godsiff presentation and discussion on blockchain 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact Phil Godsiff presented a workshop within this symposium. This workshop fostered discussion and understanding of potential issues, concerns and opportunities arising from these new technological developments for society, business and people alike. Discussion and debate arose from the content
Year(s) Of Engagement Activity 2017
URL http://aftermoney.design/workshops/
 
Description Are Banks ready for the blockchain?- paper by Phil Godsiff for Bearingpoint 
Form Of Engagement Activity Engagement focused website, blog or social media channel
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact This paper for Bearingpoint focuses on how financial institutions must recognise the power of the blockchain to disupt current banking and business models at the risk of losing out to fintech start-ups.
Year(s) Of Engagement Activity 2016
URL http://www.bearingpoint.com/en-gb/news-room/press-releases/are-banks-ready-for-blockchain/
 
Description BSI Group - 14th May 2018 - Phil Godsiff presented 'Development and innovation of blockchain in the UK' - - Surrey University's DLT research projects 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact Phil Godsiff presentated alongside a panel of leading industry experts pioneering in the field of blockchain and DLT. The UK has proven to be a prominent voice in the field and this was the ideal platform to demonstrate and share progressive research and developments. This event linked into a prior event with delegates from around the world attending and led to a deeper understanding of DLT technology.
Year(s) Of Engagement Activity 2018
URL https://www.bsigroup.com/en-GB/Cyber-Security/blockchain-event-2018/
 
Description Berlin Strategic Management Society Conference 19th-21st September 2016 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Presentation of Bitcoin paper by Phil Godsiff. The main impact from this was that it reached 50 attendees provoking discussion and questions from the audience, and in particular it facilitated contacts with the Ivey Business School, London, Western Ontario Canada.
Year(s) Of Engagement Activity 2016
 
Description Blockchain could challenge the accepted ways we shape and manage society- Article for The Conversation 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact This article looks at how cryptocurrencies can create decentralisation and replace outdated hardware and software systems. It describes how blockchain has influenced Sir Mark Walport's report in reference to creating new governance structures.
Year(s) Of Engagement Activity 2016
URL https://theconversation.com/blockchain-could-challenge-the-accepted-ways-we-shape-and-manage-society...
 
Description Blockchain in Construction 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Event for Aggregate Industries engaging with industry. Created contacts and opportunities for future collaborations.
Year(s) Of Engagement Activity 2018
 
Description Blockchain presentation by P. Godsiff ENDuRE summer School 5th July 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Postgraduate students
Results and Impact P.Godsiff gave a presentation within the Digital Economy and Value workshop on Blockchain technology to a group of 30 which provoked questions and increased knowledge about this subject area for the participants.
Year(s) Of Engagement Activity 2016
 
Description Blockchains could help restore trust in the food we choose to eat - article Phil Godsiff The Conversation 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact This article for The Conversation examines how the blockchain can offer significant opportunities in agricultural supply chains whilst increasing trust in consumers as to the provenance and authenticity of the food they buy. Impact created on new research areas such as food and its provenance or using blockchain technology to trace antibiotics in food has been generated.
Year(s) Of Engagement Activity 2016
URL https://theconversation.com/blockchains-could-help-restore-trust-in-the-food-we-choose-to-eat-62276
 
Description CADE, University of Warwick Venice 1st-3rd June paper- Programmable Money, Digital Gold, and the Future of Blockchain 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The purpose of presenting the data was to promote CREDIT's research. The abstract was selected (refereered) and accepted before presenting to 30 attendees. Requests from journals to publish the paper have been numerous and the main impact from this conference paper.
Year(s) Of Engagement Activity 2017
URL https://warwick.ac.uk/fac/sci/wmg/research/business_transformation/ssg/ssgabout/sswmgactivities/cade...
 
Description Catherine Mulligan -evidence to the House of Lords Economic Select Committee 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact An expert panel of academics and representatives from the blockchain industry to discuss blockchain and potential applications for the UK government (particularly public sector). Catherine Mulligan provided testimony the moral and ethical implications of using blockchain in terms of social welfare payments.
Year(s) Of Engagement Activity 2016
URL http://www.parliamentlive.tv/Event/Index/d24ec0a5-222e-4a2b-a5af-5e45b937bd6a
 
Description Conference Blockchain For Good. TechUK 24th May 2017 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Exploration of Blockchain technology to an audience of over 500, as an application for real world challenges provoked a lot of discussion on how social need and the environment can benefit from Distributed Ledger Technology. Thought provoking discussion focussed on how DLT can work for the 'good' in sectors such as charities, academic community, and the creative arts.
Year(s) Of Engagement Activity 2017
URL https://www.techuk.org/insights/opinions/item/10876-code-on-the-road-b4g
 
Description DLT Think Tank 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Representing academia at leading DLT think tank- December 2019.
Year(s) Of Engagement Activity 2019
 
Description Distributed Ledger Technologies Workshop London 2nd June 2016 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact 60 attendees from across academia, industry and government attended to engage with the topic of Distributed Ledger Technologies and a future call for funding from EPSRC. Attendees worked in groups to address use cases relevant to their field and for an opportunity to network and identify potential collaborators and partners for the funding call. Presentations on the day also provoked discussion and questions surrounding the area of DLT. The event provoked greater response for funding applications for the call deadline on 2nd August.
Year(s) Of Engagement Activity 2016
URL https://youtu.be/_Qt2sCsdK1w
 
Description ENDuRE summer school. Module 2 R. Maull, 5th July 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Roger Maull presented a day long workshop on blockchain involving group exercises to explore use cases and an interactive 'Lego Blockexchange' session to develop participants' (30 in attendance) understanding of blockchain technology. This inactive approach generated learning and a lot of discussion prompting questions and thought about how blockchain technology could be incorporated into businesses.
Year(s) Of Engagement Activity 2016
URL http://www.endureproject.eu/programs/surrey/surrey-course-overview/
 
Description Elizabeth Kewell Co-facilitated 'Innovative Technologies and One Health - a Panel Discussion '(with Alex Cook, Head of VHive), held at the 5th International One Health Congress, Saskatoon Canada, 22-25th of June, 2018 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact 50 people attended from public health experts, veterinary scientists, policy-makers, animal health businesses (e.g. zeotis) which led to networking and exchanges of contacts.
Year(s) Of Engagement Activity 2018
URL https://onehealthplatform.com/iohc/programme
 
Description Executive briefing in the future the digital economy to Lloyds Insurance market, November 2018 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact A discussion with executives from Lloyds Insurance and other Operations leader on innovation and tech adoption within the insurance industry. Roger Maull spoke about some how technological developments are impacting the way the business sector is operating and thinking. In particular Roger spoke about the plethora of data that is now changing everything, especially that emanating from Internet of Things. An interactive 'open table' discussion. This lead to follow up conversations and meetings with Lloyds.
Year(s) Of Engagement Activity 2018
 
Description Exeter MBA Alumni Presentation 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Presentation to Exeter MBA alumni conference, September 2019.
Year(s) Of Engagement Activity 2019
 
Description Expert Presentation from Walport Report presented by Phil Godsiff to Business and Industry from the British Embassy outreach programme in Warsaw 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Phil Godsiff sat on an expert panel and presented the Walport Report to business and industry. A good response afterwards in particular discussion around the uses for blockchain for public benefit. Reach of 300.
Year(s) Of Engagement Activity 2016
 
Description Franco-British Workshop 'Digitial Government: Next Steps 7 Potential Futures 26th May 2016 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact The aim of the event was to bring together a panel of professionals from diverse backgrounds (academics, public servants, etc.) and expertise (open data, cybersecurity, blockchain, etc.) to share their experience and thoughts on the future of our digital governments with a Franco-British perspective. The purpose was to influence French and European policy making.
Year(s) Of Engagement Activity 2016
URL http://www.ambafrance-uk.org/Franco-British-Workshop-Digital-Government-Next-Steps-Potential-Futures
 
Description Godsiff, P. (2018) 'Blockchain, bitcoin, bubble or the "trust machine"?', Presentation at Knowledge Brief Innovation Day Presentation, 14 February. 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact The impact of Phil's presentation was that clients of the Innovation Programmes receive a full ACT report, capturing the guest expert's research, the implications and next steps for leaders to apply back in their team and organisation.
Year(s) Of Engagement Activity 2018
URL https://www.knowledgebrief.com/blog/innovation-insight-improve-trust-with-blockchain
 
Description Interview for mad Hatters online blog 
Form Of Engagement Activity A press release, press conference or response to a media enquiry/interview
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Media (as a channel to the public)
Results and Impact Interview for mad Hatters online blog, March 1
Year(s) Of Engagement Activity 2021
 
Description Maull, R workhop Behavioural Visibility in Data (BeVID)- Experiencing New Research Methods with Reality Mining CADE Conference Venice May 17-20 2018 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact The workshop led by Prof Maull explored how to develop research projects and use these new scientific research tools and methods in social sciences based on these observations, particularly through the use of the HAT Micro-server data account that allows research respondents to donate their actual behavioural data (spending, location, activities, sleep) to research. The participants had an opportunity to practice with simulated HAT data, and discussed how to use behavioural visibility in the form of data to craft a robust and useful research project, how to set up respondent panels, create rules and put in place tests for reliability, and validity, ensure robust and unbiased experimental design, analysis, interpretation, and reporting of results. This provoked a great deal of questions and discussions and increased interest within the 30 people who were involved.
Year(s) Of Engagement Activity 2018
URL https://warwick.ac.uk/fac/sci/wmg/research/business_transformation/ssg/ssgabout/sswmgactivities/cade...
 
Description Meeting with Digital catapult Northern Ireland 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact Digital catapult Northern Ireland (Digital Technology Innovation Centre). February 2021
Year(s) Of Engagement Activity 2021
 
Description Meeting with Fujitsu 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach Regional
Primary Audience Industry/Business
Results and Impact Meeting with Fujitsu UK 11th of March
Year(s) Of Engagement Activity 2020
 
Description Meeting with Fujitsu 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact Meeting with CTO to discuss impact of DLT on digital economy.
Year(s) Of Engagement Activity 2020
 
Description Meeting with HMRC 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Meeting with Nick Davies (Technology Lead), to discuss and explored ways of using DLT to close VAT tax gaps
Year(s) Of Engagement Activity 2020
 
Description Membership of Walport Panel for the Blackett Review on Services February 2017 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Focus of the panel which met throughout 2017, is on automation and the digital economy- blockchain. The outcomes of this panel is a report, due out by March 2018
Year(s) Of Engagement Activity 2017
 
Description Membership on a Panel preparing work from Lord Holmes report Distributed Ledger Technologies for Public Good: leadership, collaboration and innovation. Commenced July 2017 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Impact of this panel is to get government to implement the recommendations set out in the Walport Report. The Holmes report seeks to re-energise and refocus UK government attention on DLT's potential so that it can accelerate digital maturity, enhance the productive capacity of business and benefit our citizens.' The report presents key recommendations, and discusses the strengths, opportunities, weaknesses and threats around DLT across a number of sectors - crime, border control, taxation and health among them. The purpose of the panel that Phil Godsiff sits on is to see these recommendations come to fruition.
Year(s) Of Engagement Activity 2017
 
Description On going meetings with Fujitsu 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact Meeting with CTO Fujitsu to discuss impact of DLT on digital economy- June 25th, 26th August, 1st Feb
Year(s) Of Engagement Activity 2020
 
Description Ongoing work with the Commonwealth Partnership for Technology Management CPTM 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Primary impact is in influencing policy makers in the commonwealth and the exchange of knowledge and ideas, open dialogue with all stakeholders and creating partnerships and win-win situations.
Year(s) Of Engagement Activity 2017
URL http://www.cptm.org/
 
Description Online article in Cities Today- The potenital for blockchain in local government. By C Mulligan and Lee Omar. 30th May 2016 
Form Of Engagement Activity A magazine, newsletter or online publication
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact This article outlines the emergence of Distributed Ledger platforms from cryptocurrencies such as Bitcoin through to their disruptive potential namely peer-to-peer enabled economies. The ability of blockchain technology to remove the middle men and intermediaries has far reaching implications beyond financial institutions and looks at how it could be utilised in cities by both local government at its citizens to improve services and transparency. This article increases reader's knowledge of Distributed Ledger Technology and provides thought provoking content for discussion.
Year(s) Of Engagement Activity 2016
URL http://cities-today.com/the-potential-for-blockchain-in-local-government/
 
Description Panel Discussion Music on The Blockchain: Possible Futures. Phil Godsiff presenting. 7th July 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact Phil Godsiff presented what potential impact Blockchain technology may have on diverse industries from finance to the creative industries.
Year(s) Of Engagement Activity 2016
URL http://www.mdx.ac.uk/events/2016/07/music-on-the-blockchain-possible-futures
 
Description Phil Godsiff - Member of APPG on Blockchain and DLT 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Industry/Business
Results and Impact Attendance and input at meetings
Year(s) Of Engagement Activity 2018
 
Description Phil Godsiff membership of the Whitechapel Think Tank 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact The Whitechapel Think Tank (WTT) is focused on disruptive innovation in financial services and was convened in December 2014 as a forum to build an understanding of the opportunities and challenges presented by distributed ledger technology ('blockchain') and consensus systems. More specifically, the WTT is a neutral/shared forum to explore this new technology opportunity in financial services. Imapact from this has been seen on changes occurring in the financial sector and the request from this sector for the WTT's expertise to advise.
Year(s) Of Engagement Activity 2018
URL https://www.linkedin.com/company/whitechapel-think-tank/about/
 
Description Phil Godsiff presention on the uses of Blockchain / DLT to Ethical Investment Advisory Group, Church of England 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other audiences
Results and Impact Presentation to an advisory group within the church of England. Impact on their strategic decision making.
Year(s) Of Engagement Activity 2018
 
Description Phil Godsiff worked closely with Innovate UK on an advisory panel to develop funding bid on Next Generation Services Programme for UKRI (Summer 2018) 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Other audiences
Results and Impact the impact of this work was to shape the Next Generation Services funding to be released by Innovate UK
Year(s) Of Engagement Activity 2018
 
Description Phil Godsiff's participation in the Commonwealth Partnership for Technology Management 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Phil has created impact through his attendance and input regarding blockchain at meetings with commonwealth central bank governors and finance ministers. Impact seen in influencing policy.
Year(s) Of Engagement Activity 2018
 
Description Philip Godsiff was a member of working group advising Lord Holmes on his report : Distributed LedgerTechnologies for Public Good: leadership, collaboration and innovation; February 2018. 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact The consequence of Phil Godsiff's involvement included follow up development work with DCMS, BEIS and HMRC
Year(s) Of Engagement Activity 2018
URL http://chrisholmes.co.uk/wp-content/uploads/2017/11/Distributed-Ledger-Technologies-for-Public-Good_...
 
Description Post-Walport: One year on, what is the state of the UK DLT Industry? 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The conference was set up to follow on progress after production of the Walport report on DLT/Blockchain developments which the team contributed to working directly with government partners and industry leaders which included business groups and others.
Year(s) Of Engagement Activity 2017
 
Description Presentation to Government, Industry and Practitioners in Slovenia of UK Walport Report 9th - 30th June 2017 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Policymakers/politicians
Results and Impact Phil Godsiff was invited as a guest of the British Ambassador to discuss The Walport Report in Slovenia to a very large audience. Main impact was to promote DLT research currently taking place in the UK and it influence on policymakers.
Year(s) Of Engagement Activity 2017
 
Description Second Oxford Meeting on Food System Impact Valuation The Queen's College, Oxford, March 2018 - Phil Godsiff was a panel member on Panel 2B, Role for big data and technology 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Phil Godsiff was a member on an expert panel discussing what the true cost of our food is once its external impacts on nature, society and individual health are taken into account? Other questions asked were- Can we afford to continue to pay these hidden costs? Can costing these externalities bring about change in the way giant food companies operate and our own food choices? this was a lively discussion followed by networking
Year(s) Of Engagement Activity 2018
URL https://www.eci.ox.ac.uk/events/2018/the-true-cost-of-food.html
 
Description Setting up a community of government policy-makers and accademics working wth the Cabinet Office and Government officials 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Policymakers/politicians
Results and Impact Phil Godsiff set up a 'Community of Interest' DLT network to advance the work of DLT and its application
Year(s) Of Engagement Activity 2017
 
Description Strategic Management Society Special Conference, Oslo, Norway - June 2018. Phil Godsiff presented TRUSTING IN A TRUSTLESS WORLD: USING DISTRIBUTED TECHNOLOGY FOR SAFER SHARING IN SUPPLY CHAINS. 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Phil Godsiff a session within the conference about blockchains and distributed ledgers being the new technology solutions underpinning cryptocurrencies such as bitcoin. By design they provide the attributes of resilience immutability security and transparency. They can solve many of the issues facing supply chains and the sharing economy but more research is needed for them to become mainstream. The session created debate and discussion amongst the participants.
Year(s) Of Engagement Activity 2018
URL https://www.strategicmanagement.net/media/download/conferences/oslo/
 
Description The Stratford Agenda January 2017 ongoing 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact The purpose of this working group is to direct key business strategy and economic policy issues in Fintech
Year(s) Of Engagement Activity 2017
 
Description Third Oxford Meeting on Food System Impact Valuation The Queen's College, April 2018 - Presentation on uses of blockchain in food supply chains 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Postgraduate students
Results and Impact Phil Godsiff presented within this meeting. The overall purpose of the event is to work with other impact valuation and true cost accounting initiatives to help food system actors enhance food systems so that they are more sustainable, resilient and restorative, and deliver better health outcomes. FoodSIVI aims to: • Improve current impact valuation methodologies and operationalise the Natural and Social & Human Capital Protocols for food systems, and new methods for the valuation of health impacts. Promote the development of standardised and comparable data, and convergence of current methods towards a common agreed approach. • Promote the inclusion of environmental, health and social data in emerging food information and technology systems and undertake research in the longer term on the utilisation of such systems for impact valuation. • Initiate and promote uses of impact valuation for food system governance, regulation, public procurement, research, and consumer labelling, through a wide and diverse network.
Year(s) Of Engagement Activity 2018
URL https://www.eci.ox.ac.uk/research/food/downloads/Third-Oxford-Meeting-Flyer.pdf
 
Description UCL govtech lab seminar on data security 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact Discussions in use of DLT in government data handling, November 2019.
Year(s) Of Engagement Activity 2019
 
Description University of Liverpool. Ways of Being in the Digital Age Conference Oct 9-11th. Blockchains and Wicked Problems: Mapping the Future Directions of the Digital Age Paper Beth Kewell 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Main purpose of presenting the paper at this conference was educational, to promote Blackchain technology to an audience (of mainly academics) who had little prior knowledge. Numerous verbal requests for further information were received and responded to- 10 people. Intesrest and discussion was sparked through the presentation of this paper by Beth Kewell
Year(s) Of Engagement Activity 2017
URL https://waysofbeingdigital.com/
 
Description What are Distributed Ledgers- Presentation by Phil Godsiff 2nd June 2016 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Professional Practitioners
Results and Impact A presentation outlining the type and uses of Distributed Ledger Technology.
Year(s) Of Engagement Activity 2016
URL https://www.epsrc.ac.uk/files/funding/calls/2016/dltworkshopreport/
 
Description Whitechapel Think Tank meeting bi-monthly 
Form Of Engagement Activity A formal working group, expert panel or dialogue
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Industry/Business
Results and Impact Impact is ongoing in ways such as providing support for implementing blockchain nationally. A core group of 40 people (academics and business) in attendance. The Think Tank focuses on disruptive innovation in financial services and is a forum to build an understanding of the opportunities and challenges presented by distributed ledger technology ('blockchain') and consensus systems. Phil Godsiff sits on this Think Tank
Year(s) Of Engagement Activity 2015,2016