A blockchain is a growing list of recors , called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp and transaction data (generally represented as a merkle tree root hash).
Prof. Dr. Philipp Sandner, head of the Frankfurt School Blockchain Center at the Frankfurt School of Finance & Management, provided insights into the current state of development and the future prospects of blockchain technology.
A real application example was presented by Stefan Grimm, CEO fINbc. Digitization is on the rise and Fin-Techs are responding to their needs. However, each service has its own portal. In his use case, fINbc showed how to merge all these services into one place using the blockchain as an inherent secure enabler technology.
In the tourism context, Kristian Schumacher, Senior Innovation Engineer Amadeus, gave exclusive insights into Amadeus’ current blockchain-based projects. Especially in topics such. Identity Management can already demonstrate Amadeus’ first successful pilot projects and Kristian Schumacher has shown how the spread along the entire tourism value chain can be shaped.
Very interesting, great speakers and great location!
Many thanks to the Travel Industry Club for the organization in Frankfurt.