Distributed ledger technologies (DLT) refer to decentralized databases. Storing data in a decentralized manner allows new data to be safely added and exchanged between participants from any location at any time. The database updates automatically, ensuring that the latest version is available everywhere. The blockchain represents one form of DLT. In it, transactions such as movements of goods in a supply chain or health information throughout the course of a therapy are stored in a forgery-proof manner by stringing together encrypted blocks of digital data. The technology is especially resistant to tampering due to the verification codes that are assigned for the particular blocks. The architecture has become well known through cryptocurrencies such as Bitcoin. When using blockchain, trust is an integral advantage and can replace intermediaries, such as banks and other institutions. The blockchain enables smart contract transactions, in which processes such as the release of goods and payments are triggered automatically using an if–then logic. This accelerates the flow of goods and services and makes the processes safer and more transparent.
Masterclass
Blockchain
Opportunities and challenges of distributed ledger technologies
The blockchain is on everyone’s lips. Nevertheless, it is still the case that only very few companies have a fundamental knowledge of the basic technical information and the economic opportunities and challenges involved in using and operating the various distributed ledger technologies.
Goals
- The workshop participants will become familiar with meaningful areas of application for blockchain technology and will understand how this technology can help to create trust in an environment that is strongly influenced by distrust.
- They will identify common misunderstandings about blockchain technology.
- We will enable the participants to evaluate business applications in the blockchain environment and to assess the impact on their company.
Key Facts
Duration
9.00 am to 17.00 pm
Workshop language
German
Location
HPI Potsdam
Target audience
The masterclass is aimed at entrepreneurs, founders and transformation managers who want and need to be able to act, speak and provide information in future on the rapid developments surrounding decentralization projects in a wide variety of sectors.
Costs
1000 EUR (zzgl. MwSt.)
Included in the workshop
- Participation, working materials, all meals and catering
- Certificate of participation
Course content
Using practical examples and simple descriptions, the lecturer will impart a basic knowledge of the most important technological fundamentals behind blockchain technology. The participants will become familiar with the history and evolution of the blockchain and will learn the difference between synchronous and asynchronous computing. They will learn about mining and consensus, as well as the influence that Bitcoin, Ethereum and altcoins/tokens have on the economy. In additional, short focus sessions, they will learn more about blockchain applications for the economy, such as smart contracts, financial inclusion (DeFi), identity and ownership (KYC & credentials), initial coin offerings (ICO), decentralized autonomous organizations (DAOs) and NFTs (non-fungible tokens).
Agenda
- Focus session: Basics and examples of the B2C and B2B blockchain
- Work session in groups: project ideas for the B2B blockchain
- Discussion of advantages and disadvantages of the blockchain in the B2B stakeholder context
Start: 09.00 End: 17.00
- Focus session: Basics and examples of the B2C and B2B blockchain
- Work session in groups: project ideas for the B2B blockchain
- Discussion of advantages and disadvantages of the blockchain in the B2B stakeholder context
Start: 9:00 a.m., End: 5:00 p.m.
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