Blockchain: Hype oder Innovation?

1. 00:00Yeah, well, now that we and Blockchain technology we'd like to look at it now,
2. 00:06in what areas can it be used? what kind of projects are there?
3. 00:10So you see, and that is of course also very much connected with this hype, there's almost no area where blockchain can't be used.
4. 00:19Applications are being considered in medicine, of blockchain technology.
5. 00:23Identity management, i.e. when proving the identity in the network it is quite obvious to use blockchain technology.
6. 00:33In cloud computing, but also in the Internet of Things, so the future that the various devices, the various objects,
7. 00:41whether it's at home, whether it's in town, whether it's in the factory, who can communicate with each other via the Internet
8. 00:50and thus be able to influence each other, there you can find a whole range of very interesting applications of blockchain technology.
9. 00:57We had already mentioned logistics,
10. 00:59that in such a chain, where there are different suppliers work together, you can do that very well. the use of blockchain technology can be imagined.
11. 01:10And then, of course, finance. It's down here, but in context, of course. from the Bitcoins, from crypto currencies.
12. 01:17it was an easy step, of course. that concerns the monetary system, that concerns the financial system.
13. 01:23Bookings, rentals, I think we've had, even already an example in the courses.
14. 01:27Energy supply, retail trade.
15. 01:28so there are many areas where you can imagine, the Blockchain technology.
16. 01:35And in social networks. also the blockchain technology,
17. 01:41there is even a project called TIMINT, where blockchain technology is used.
18. 01:46For example, the users of this platform, this social network. can post certain content
19. 01:55and also from the network, from other nodes they can also be rewarded with the crypto currency.
20. 02:04Blockchain technology is also used in journalism, for freedom of expression, for example the "Publicism" project also uses blockchain technology.
21. 02:17The journalists then have the opportunity, to express your opinion anonymously and securely and getting paid for it.
22. 02:28The journalists are then paid in micropayments, these are then collected by crowdfunding for example and then given to journalists for their content.
23. 02:41Also the company Clear Karma uses the blockchain technology-
24. 02:46The concept is very, very interesting, you use it for the traceability of ingredients in the food industry,
25. 02:58you can then understand where the product comes from, where the ingredients come from and in which products they can be found.
26. 03:06And they also rely on blockchain technology, all the changes, logging, will then take place on the blockchain technology.
27. 03:16It's not a unit, there's a unit here. to network a large number of actors,
28. 03:20that provide the individual ingredients that process the ingredients, who then process them, who then deliver them.
29. 03:25And there we have again such a network from a lot of players where it's not clear at first,
30. 03:30if there's someone who's now in charge and can pronounce the trust for all,
31. 03:37but they act on their own, and overall, we want to be safe, that it works and is replaced.
32. 03:44Here's another example.
33. 03:44And an app is proposed, for example, that users can see even then, where the product comes from, what ingredients are there,
34. 03:53what allergens, everything's traceable, everything can be traced.
35. 03:57I hope it still tastes good.
36. 03:58So if we'll see, these were very different areas, where this technology can be used,
37. 04:05then of course that is immediately a hot topic for start-ups.
38. 04:08For start-ups, and you see a few of these names, who have also made a name for themselves,
39. 04:14it attracted a lot of venture capital to say, here we try, for example In Financial Accounting or Logistics
40. 04:21to make completely new approaches with blockchains.
41. 04:24On the other hand, of course, the big companies also have, the corporations heard of this technology and in their development departments, of course,
42. 04:33you can do that in our context, for our products, for our interactions with other partner companies.
43. 04:42And then, of course, it turned out very quickly, Man, it makes sense to work together on this.
44. 04:49Cooperation between large companies and the very flexible start-ups, which can be organized in various ways.
45. 04:55A typical organizational form to be found in the blockchain area are consortia, where large companies are working very specifically with specific no company there to develop a joint solution.
46. 05:11But of course there are also bilateral cooperations, that a large company like this is placing an order with a start-up,
47. 05:19to develop something based on blockchain technology. Or start-ups via large companies can sell their products.
48. 05:30So when you look at it this way. and the focal points in the individual projects,
49. 05:35then you see that the Blockchain technology is also used very differently.
50. 05:40So there are in these many different applications The focus is on logging activities.
51. 05:47This is actually what was originally the case with Bitcoin, that it's a matter of keeping exact records, when which action was executed.
52. 05:57Then there are many projects, who use it in a deeper way, to maintain a distributed database,
53. 06:06where you're safe, where everyone's safe, although parts of this database are located with different operators,
54. 06:18that it's still reliably clear that none of these operators this database or database in any way.
55. 06:27And one step further, that's that, which we've already seen in the Smart Contracts, that they use so-called State Machine based approaches,
56. 06:38i.e. finite automata, if /then-relationships are defined, driven by such blockchain technology.
57. 06:45So when a certain starting situation is reached, that then automatically just like in such a finite machine automatically suspend certain follow-up activities.
58. 06:57So very different, very broad spectrum, and that, of course, has led to the fact that the distribution is very large, that the areas of application are very interesting
59. 07:07and it has these many great hopes into blockchain technology.
60. 07:12And blockchain technology solutions are then also based on to the properties offered by blockchain technology.
61. 07:24One pays attention, for example, to the user conditions, to the permissions that users have, you choose between Public or Private Blockchain.
62. 07:34The blockchain solutions can be a product, be a service or a platform,
63. 07:40and as we've already said, individual start-ups are formed in this area,
64. 07:46and offer blockchain solutions, or cooperation between large and small companies.
65. 07:52And that's quite interesting, even the start-ups in this area.
66. 07:56Yes, quite interesting. Maybe they expect you first, that you have most of the start-ups in the U.S., in America, but then England came in second.
67. 08:10Germany doesn't have that many start-ups in the blockchain sector yet, when you look at the whole world,
68. 08:17but still, it's getting, more and more blockchain start-ups, who, for example, are based in Berlin.
69. 08:25UK, naturally driven by the financial industry, where the subject first came up.
70. 08:30You'll see, maybe you can't read it in detail, with two and three percent respectively Singapore, Japan, South Korea,
71. 08:38and the rest of the world, that's the remaining six percent.
72. 08:43So there's still air up in Germany.
73. 08:47And when you see that on the map so beautifully visually,
74. 08:51we're also talking about blockchain technology, Blockchain solutions at the national level.
75. 08:58So not only small start-ups or companies are interested in blockchain technology.
76. 09:03If you talk so much about Blockchain, then politics has also decided, then we also do something with Blockchain, then this is also important for us.
77. 09:10For example, Australia has big plans. for the support of crypto currency and blockchain industry,
78. 09:18but also other countries, for example in Europe, Estonia calls itself E-Estonia and is occupied with
79. 09:25with the topic Blockchain already since the year 2008, when Bitcoin came into being.
80. 09:30It must be said, however, that Estonia tends to focus on logging. So this is the topic for Estonia, where the blockchain technology is deployed.
81. 09:41In Germany a Blockchain-Bundesverband was founded in 2017, and Germany also sets itself a target,
82. 09:50a global player to be in the global blockchain ecosystem.
83. 09:55Sweden also plans to create a land register with blockchain technology.
84. 10:03And the Netherlands even has a city, called Blockchain City or Bitcoin City,
85. 10:11where you can also find them in shops or cafés. I can pay with Bitcoins.
86. 10:14And that's just the effect, what Blockchain technology does with all the systems, with all the technologies,
87. 10:27Make more watch Blockchain and it is also used on an international level.

To enable the transcript, please select a language in the video player settings menu.