Home | deutsch  | Legals | Sitemap | KIT
Benedikt Notheisen

Benedikt Notheisen

Office Hours: nach Vereinbarung / by appointment
Room: 482
Phone: +49 (721) 608-48374
benedikt notheisenKjh9∂kit edu

Karlsruhe Institute of Technology (KIT)
Fakultät für Wirtschaftswissenschaften
Institut für Informationswirtschaft und Marketing
Fritz-Erler-Straße 23, 76133 Karlsruhe


Research Interests and Methods

  • Financial market innovation
  • Information systems in finance
  • Blockchain technology
  • Market microstructure

Lectures, Tutorials, Seminars

WS 2015/16
  • eFinance: Securities Trading (Tutorial)

SS 2016
  • Market Engineering: Information in Institutions (Tutorial)
  • Internet Business Models: Planning and Implementation (Tutorial, Coach)

WS 2016/17
  • eFinance: Securities Trading (Tutorial & Lecture)
  • eCommerce & Human-Computer Interaction (Seminar)

SS 2017
  • The Economics of Blockchain in Finance and Energy (Seminar)

WS 2017/18
  • eFinance: Securities Trading (Tutorial)
  • The Economics of Blockchain in Finance and Energy (Seminar)

HECTOR School of Engineering and Management

SS 2016 
  • Management of Information Systems (Lecture & Tutorial)
WS 2016/17 
  • Market Engineering: Information in Institutions (Lecture & Tutorial)


Curriculum Vitae

07.2017-10.2017 Visiting PhD Student

03.2016 Research Associate and PhD Candidate

03.2016 Scientific Consultant

03.2016 PhD Student

09.2015-02.2016 Student Researcher

10.2013-02.2016 Master of Science, Industrial Engineering and Management 
Master's Thesis: "CEO Turnover and Dismissal - Theory and Practice"

10.2014-01.2015 Internship, Restructuring and Distressed M&A 

08.2013-09.2014 Working Student, Corporate Controlling and Business Administration

10.2010-09.2013 Bachelor of Science, Industrial Engineering and Management
Bachelor's Thesis: "Potential Deficiencies of Recovery Ratings"

09.2012-01.2013 Exchange Student, Faculty of Economics and Business

08.2008-08.2010 Private Financial Advisor (IHK)
Sparkasse Karlsruhe Ettlingen

07.2008 Abitur
Justus-Knecht-Gymnasium Bruchsal



Forthcoming Publications

Notheisen, B., Cholewa, J. B., Shanmugam, A. P., 
Trading Real-world Assets on Blockchain - An Application of Trust-free Transaction Systems in the Market for Lemons,
Business & Information Systems Engineering (BISE)

Gorlow, V., Notheisen, B., Simmchen, C.,
18. Herbstakademie 2017, Deutsche Stiftung für Recht und Informatik


  1. A blockchain-based smart grid: towards sustainable local energy markets [in press].
    Mengelkamp, E.; Notheisen, B.; Beer, C.; Dauer, D.; Weinhardt, C.
    2017. Computer science - research and development. doi:10.1007/s00450-017-0360-9
  1. Trust-free Systems in the Trust Age? A Review on Blockchain and Trust in the Sharing Economy.
    Hawlitschek, F.; Notheisen, B.; Mertens, C.; Teubner, T.; Weinhardt, C.
    2017. GDN 2017 : Proceedings of the 17th International Conference on Group Decision and Negotiation, University of Hohenheim, Stuttgart, Germany, 14th - 18th August 2017. Ed. : M. Schoop, 97-99, Hohenheim University Press, Stuttgart-Hohenheim
  2. Trading Stocks on Blocks : Engineering Decentralized Markets.
    Notheisen, B.; Gödde, M.; Weinhardt, C.
    2017. Designing the Digital Transformation : Proceedings of the 12th International Conference (DESRIST 2017), Karlsruhe, Germany, May 30 - June 1 2017. Ed.: A. Mädche, 474–478, Springer International Publishing, Cham. doi:10.1007/978-3-319-59144-5_34
  3. Breaking Down the Blockchain Hype – Towards a Blockchain Market Engineering Approach [in press].
    Notheisen, B.; Hawlitschek, F.; Weinhardt, C.
    2017. 25th European Conference on Information Systems (ECIS), Guimarães, Portugal, 05-10.06.2017, 1-18, AIS Electronic Library


Smart Properties – Vehicle Ownership & Transfer
Notheisen, B.
August 18th 2016: Nodic Blockchain Summit, IT University of Copenhagen


Blockchain as an Infrastructure for Financial Markets – Status-quo, Trends, and Implications
Notheisen, B.
November 29th 2016: Fintech-Days, Stuttgart Financial 


Adverse Selection in Financial Markets – Is Blockchain the Answer?
Notheisen, B.
February 9th – 10th 2017: 1st ForDigital Blockchain Workshop


Trading Stocks on Blocks: Engineering Decentralized Markets
Notheisen, B.
April 4th 2017: Boerse Stuttgart Research Colloqium


Roundtable “Banking: Infrastrukturen für Settlement und Clearing”
Notheisen, B.
April 26th - 27th 2017: Management Circle - BLOCKCHAIN SUMMIT


The Economics of Blockchain in Finance
Notheisen, B.
July 13th – 14th 2017: Global Sustainable Finance Conference

Review Activities

  • Business & Information Systems Engineering (BISE)
  • 13th International Conference on Wirtschaftsinformatik (WI)
  • 4th European Retail Investment Conference (ERIC) 
  • 12th International Conference on Design Science Research in Information Systems and Technologies (DESRIST)
  • 2017 International Conference on Information Systems (ICIS)
  • 51st Hawaii International Conference on System Sciences (HICSS)

Conference and Workshop Organization

Head of the Organization Committee

Member of the Organization Committee
10th MiFID Congress – Regulatory Symposium, 2017

Head of Organization
1st ForDigital Blockchain Workshop, 2017

Supervised Thesis

  • Streamlining Logistics Processes with Blockchain Technology [Master's Thesis]
  • Blockchain: A Revolution for Clearing and Settlement? [Master's Thesis]
  • The Introduction of the Electronic Market Platform Xitaro - An Event Study [Master's Thesis]
  • Consistency in Inter-organizational Accounting and Cash Flow Management Following M&A Transactions – A Blockchain Approach [Master's Thesis]
  • Blockchain Engineering - An Organizational Assessment [Master's Thesis]
  • Feasibility of Blockchain-Powered Stock Exchange [Bachelor's Thesis]
  • Market Microstructure in Decentralized Financial Market Setups – A Structured Review [Bachelor's Thesis]
  • The Economics of Consensus in Decentralized Markets [Bachelor's Thesis]
  • Central Authorities in Decentralized Markets – A Neoclassical Perspective [Bachelor's Thesis]