The perception of and attention given to blockchain technology is closely linked to the hype around the cryptocurrency Bitcoin.
However, for quite some time now, a new trend has been emerging: the discussion about possible use cases has become more focused because users and providers are now better able to assess the business opportunities of blockchain technology. The common denominator is that this technology only makes sense in an environment where the transparent, regular, and secure exchange of digital information or digital values is required within an ecosystem.

 

Contents:

Management summary

Strengths and weaknesses: immutable and secure; inefficient and legally uncertain

Blockchain basics: public, private, and consortium

  • Public blockchains: usually not the first choice for businesses
  • Private blockchains: designed for closed ecosystems that require access permission
  • Consortium blockchains: transparency beyond the closed ecosystem

Relevant use cases of DLT/blockchain

  • Supply chain and logistics
  • Counterfeit protection
  • Document management and contract management
  • Payment automation
  • Loyalty programs
  • Identity management
  • Trading in finance and other industries
  • Blockchain in public administration

DLT/blockchain and the interaction with business applications

Current status of the main business application providers

  • SAP – offerings centered around SAP Leonardo IoT
  • Salesforce – integration into the company’s platform
  • Oracle – preconfigured applications make it easier to get started
  • Microsoft – Blockchain as a Service
  • IBM – driving force behind Hyperledger Fabric

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