Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Beyond Bitcoin: The Emergence of the Blockchain World

383 views

Published on

InfinIT Future Briefings 1: Optimér supply chain management via blockchain

Published in: Technology
  • Be the first to comment

  • Be the first to like this

Beyond Bitcoin: The Emergence of the Blockchain World

  1. 1. BEYOND BITCOIN: THE EMERGENCE OF THE BLOCKCHAIN WORLD PROF. DR. ROMAN BECK @roman_beck beck@itu.dk 1
  2. 2. 2 Prof. Dr. Roman Beck | Professor IT University of Copenhagen | Rued Langgaards Vej 7 | DK-2300 Copenhagen S | Denmark beck@itu.dk | www.itu.dk | www.timegroup.info | www.blockchainschool.eu | phone +45 7218 5323 | skype roman-beck | twitter @roman_beck Lead Researcher | Head of Research Group Technology, Innovation Management & Entrepreneurship (TIME) | Head of European Blockchain Center | AIS Council Representative for Europe, Middle East, Africa | Head of Dansk Standard ISO TC 307 Blockchain & Distributed Ledger Technology Group | Senior Editor, The DATA BASE for Advances in Information Systems (DataBase) | Associate Editor, Business and Information Systems Engineering (BISE) | Editorial Board, Journal of Business Economics
  3. 3. 3 EVERYBODY IS TALKING ABOUT IT… Dr. Jens Weidmann, president of the Deutsche Bundesbank He compared cryptocurrencies with other useful innovations which have not made it into mainstream use
  4. 4. 4 Decentralization It operates without a central decision maker or hierarchy. Consensus It ensures agreement about the state of the blockchain and thus provides a single version of the truth. Validity It accepts new entries only if they adhere to a predefined protocol. Immutability It accepts new entries only if they build upon unmodified previous entries. Authentication It allows tracing back every entry to a private key. KEY CHARACTERISTICS OF BLOCKCHAIN WORLD
  5. 5. 5 Blockchain Economy Digital Economy Blockchain Economy Ownership and digital rights • Network as “nexus of contracts” • Ownership predominantly defined as private ownership by bi- and multilateral written agreements in form of contracts • Network as “nexus of smart contracts” • Ownership always defined as common ownership, through the tokenization of digital rights • The specification of ownership and digital rights needs to be organized in a decentral environment. Traceability and accountability • Defined in inter-personal as well as inter- and intra- organizational settings • Traceability and accountability in the network, delegated to the blockchain Incentives and mechanism design • Digital processes in hierarchies for value creation of digital goods • Incentive to create private goods and club goods • Digital processes in peer-to-peer exchanges for value creation of blockchain-based digital goods • Incentives to create club goods and public goods • New network-based processes which incentivize the peer-to-peer nodes to reach consensus THE BLOCKCHAIN ECONOMY
  6. 6. … record the quantity and transfer of assets as they move between supply chain nodes, … track purchase orders, change orders, receipts, shipment notifications, or other trade-related documents, … assign or verify certifications or certain properties of physical products, … link physical goods to serial numbers, bar codes, digital tags like RFID, etc., and … share information about manufacturing process, assembly, delivery, and maintenance of products with suppliers and vendors. 6 BLOCKCHAIN HAS THE POTENTIAL TO BECOME THE OPERATING SYSTEM OF THE SERVICE ECONOMY https://www.loaddelivered.com/blog/why-blockchain-is-a-game-changer-for-supply- chain-management/ Blockchain solutions have the potential to become the “supply chain operating system” to…
  7. 7. BILL OF LADING – THE MAIN DOCUMENT OF INTERNATIONAL TRADE ON THE BLOCKCHAIN 7 • Three main purposes: • Act as cargo receipt • Act as evidence of the contract of carriage • Act as title to the cargo • The Bill of Lading process has many participants • Physical documents sent around by couriers • Can get lost • Do not make it through the process before goods arrive • Subject to fraud • Costly handling costs • Negative environmental impacts/CO2 footprint
  8. 8. 8 EUROPEAN BLOCKCHAIN CENTER IN COPENHAGEN
  9. 9. CONTACT INFORMATION Prof. Dr. Roman Beck Lead Researcher Head of Research TIME Group Head of European Blockchain Center IT University of Copenhagen Rued Langgaards Vej 7 DK-2300 Copenhagen S, Denmark beck@itu.dk|www.romanbeck.com phone +45 7218 5323 | twitter @roman_beck For further information please contact me! 9

×