The Blockchain Experience
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Blockchain allows participants to transact directly with each other in a decentralized manner by storing the history of transactions in a distributed ledger. Like the internet reduced intermediaries in communication, blockchain reduces intermediaries in transactions through a direct and trustless system. Key benefits include increased transparency, automation, security, and decreased costs. Blockchain has potential to fundamentally change how businesses operate and interact through applications that have not yet been foreseen, similar to how the internet created new possibilities in its early years.
The Blockchain Experience
- 2. A Blockchain is a decentralized data structure that allows participants to transact directly with each other and stores the state and history of participants’ transactions
- 3. Web Evolution. Source: Harvard Business Manager
- 4. Just like the internet, all over again Just like the internet allows us to communicate in a direct and immediate manner with minimum intermediaries, Blockchain technology allows us to transact in a direct and immediate manner, with minimum intermediaries, on a distributed trustless ledger.
- 6. http://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine Peer-2-Peer transparent encrypted private uncensorable immutable BLOCKCHAIN CHARACTERICS
- 7. Key benefits blockchain technology increased transparency improved risk diversification automated regulatory oversight less systemic risk internal record keeping documentation processing multiparty process compatibility M2M and AI on the internet (IoT) more automation cryptographically secured/validated accountability and provenance ownership tracking more security increased efficiency decreased costs faster processing disintermediation
- 8. Don Tapscott, author “Blockchain is the ingeniously simple, revolutionary protocol that allows transactions to be simultaneously anonymous and secure by maintaining a tamper-proof public ledger of value.” https://www.ted.com/talks/don_tapscott_how_the_blockchain_is_changing_money_and_business
- 9. William Mougayar, author “Just as the Internet created new possibilities that we didn´t foresee in its early years, the blockchain will give rise to new business models and ideas that may still be invisible.” https://www.youtube.com/watch?v=sl1U0Mu0qEU
- 10. „Durch das inzwischen deutlich gewachsene Verständnis der dahinter stehenden Block- chain-Technologie werden jedoch auch in den eher unspektakulären Prozesswelten von Unternehmen enorme Potenziale sichtbar. Derzeit analysieren vielfältige Branchen und Player diese Möglichkeiten. Ihnen winken Kosten-, Effizienz-, Sicherheits- und Geschwindigkeitsvorteile in heute noch gar nicht abschätzbarer Größenordnung. Die Blockchain-Technologie dürfte die Art und Weise, wie wir Geschäfte betreiben, uns organisieren und interagieren, grundlegend verändern.“ http://intelligente-welt.de/blockchain-programmiertes-vertrauen/
- 11. thank you.
- 12. your contact contact Frank Bolten Astratum phones Mobile +49 151 21264014 eMail frank@astratum.com online Linkedin/com/in/frankbolten Twitter/BoFrank01