Bitcoin, Crypto currency, Blockchain

Blockchain Use Cases in the industry: It must not always be a Public Blockchain

0463c20218887f839f6fb6dca1547b20 - Blockchain Use Cases in the industry: It must not always be a Public Blockchain

Just when the rates of commuting on the crypto market is disoriented, does Not offer a view on the Blockchain-adaptation of the well-established-to throw Blockchain-companies. There are, finally, the great Dow-Jones and Dax-listed companies, the report willingly on Blockchain pilot projects. Two questions basically: How are public in the Blockchain Use Cases? And: How serious is this to be accelerated by the company? Often the suspicion is that it is primarily Marketing.

It is a day without a new Blockchain-press release of big businesses is hardly. Whether it’s Volkswagen, Gazprom, or Maersk; in every industry pilot projects. Especially in an industry stands out: logistics. Because in no other industry are Blockchain Use Cases that have a greater Chance of an early commercial implementation. Finally, in the trade in goods, a plethora of actors from different countries are involved in the value chain. The confidence of middle-men and bureaucracy on a Blockchain-to relocate infrastructure, also poses an enormous potential of savings for the company.

In practice

To illustrate how logistics processes on a Blockchain can be handled, take a look on the Blockchain by IBM. On the basis of some of the demo examples is easily shown how a Blockchain can be used when Goods are shipped to B. If you look at also the myriad of research collaborations with universities, consortia and other entities, then it quickly becomes clear that it is only pure Marketing. The race to the Blockchain-industry standards, has already begun, neither IBM nor SAP can afford to lose the connection.

In the various industrial block chains and it is, at least in most cases – not publicly available, and permission-free block chains. However, this is understandable. Finally, it is not in the interest of economically active companies, publish to many internal and competitive information and control to unknown actors. Many Blockchain purists in this context, the Blockchain-the term in question. How much the Blockchain is still in the highly centralised projects of the company? It is appropriate to speak here of Blockchain?

The Power of the Great

Of course, the relevant industry-block chains are not with a Bitcoin-Blockchain similar – they remain exclusive. Yet it would be wrong, as unnecessary to dismiss. It is not just the signal effect of large companies that the Blockchain technology has its raison d’être. Rather, the aim is also to create the conditions, the more innovative Blockchain-projects in the future. The reason why politicians and some regulators to open more and more of the technology, is not only due to the from ICOs emerged Blockchain Start-ups, but also to the large companies, their influence, the topic of Blockchain on the political Agenda.

The chances of a block chain-friendly regulation to implement, are ultimately greater when DAX-30 companies instead of individual Start-ups to articulate the claims on the policy. Nevertheless, the latter can benefit from the commitment of the large Blockchain-companies, if they provide a helpful basis in law and openness with the authorities.

A decentralization of the incremental steps

Private Blockchains can serve as a Pathfinder for the public block chains. So, for example, by creating technological interfaces, regulatory frameworks and openness in society and the authorities. The many small steps are promising in the long term, much as the Belief in the great leap in a highly decentralized Ecosystem. To complex, often inefficient and time-consuming approach to set up within shortest time a completely decentralized Blockchain solution that is simultaneously able to be commercially successful. Large companies are often risk-averse. Accordingly, smaller and less decentralized Blockchain projects can be exactly the right way to the process of decentralization to initiate – not idealistic, but pragmatic approach.

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