On Monday, the 18. June, Baden was the CIO of the country-Württemberg, Stefan Krebs, a strategy paper is presented to make the state fit for the Blockchain-adaptation. Among the initiators of the well-known names like IBM, Daimler, Stuttgart stock exchange, or Bosch, you can find companies that have already gained first Blockchain-experience. The goal is in addition to a General improvement of the Blockchain Ecosystem in business and management, especially the involvement of small and medium-sized companies in the crypto-Economy – Blockchain as part of the industry 4.0.
Although a country-by-country initiative will be decisive for the question whether Germany retains the connection to the Blockchain Economy, but it can unquestionably be a major boost. The last months have shown that initiatives at the EU or Federal level are often only very slow progress is being made. Pulses of the lower levels of administration, i.e. municipalities and provinces, can help to carry the theme reinforced in the discourse at the EU level and the national level. The more municipalities and provinces Blockchain projects push forward, the more likely it is that the Federal government is willing to accept a crypto-friendly regulation.
Stuttgart, not Berlin
A competition on the country level, could more quickly lead to small Blockchain Use Cases, and Sandboxes, as this is at the Federal level. Just in Baden-Württemberg can serve here as a state of a Blockchain-Leadership in Germany. Although in the long term, large potential for value creation may lie in the Berlin Blockchain Startup scene, but the corporations and the so-called “Hidden Champions” are more likely to find in the state of Baden-Württemberg. Here’s the Blockchain-technology can lead to a lot of time near to economic success, as it is in other regions of Germany.
The machine builders and automotive suppliers in the Region are in need of a safe, decentralised infrastructure, the Internet of things to implement in the context of industry 4.0 will succeed. So, if a production machine is automated orders for new raw materials, at the same time, the payment will be arranged and the other machines using Machine-to-Machine communication this Information to notify, then some of Blockchain Use Cases to the fore here. In particular, in the logistics and Supply Chain Management, short-term added value potential are greater than in most other sectors – Finance and energy. As efficiently, most companies like to work in the state of Baden-Württemberg and in Germany also, such a large friction exist in the external relationship with external service providers, but the losses and inefficiencies that can be reduced by Blockchain solutions such as IBM introduces dramatically.
How high is the effective Use of such initiatives is, ultimately, in advance, difficult to measure. For sustainable success, you must follow the pithy announcements. In order for this to succeed, it needs the exchange between Blockchain Startups and “Old Economy”. This is exactly where it falls short, however, so far, The medium-sized companies in Baden-Württemberg and the Startups in Berlin, Hamburg or Munich are still right. Thus, a lively exchange of ideas within the Blockchain-the scene takes place on the myriad of Meetups for a long time, but industry representatives here, rarely look. Too bad!
Hopefully, the Initiative puts the remaining 15 Federal States, so that in the future, each province has its own crypto-Valley, the other in a lively exchange – on a decentralised basis, as it provides for federalism.