Projects and Application Areas of Blockchain Technology

For a better idea of which applications are possible based on blockchain technology, or which areas can profit from this technology, we will look at already existing blockchain projects. We ask you to note that the projects or companies mentioned in this

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Blockchain Hype or Innovation

Blockchain

Tatiana Gayvoronskaya • Christoph Meinel

Blockchain Hype or Innovation

Tatiana Gayvoronskaya Hasso Plattner Institute for Digital Engineering gGmbH Potsdam, Germany

Christoph Meinel Hasso Plattner Institute for Digital Engineering gGmbH Potsdam, Germany

ISBN 978-3-030-61558-1 ISBN 978-3-030-61559-8 (eBook) https://doi.org/10.1007/978-3-030-61559-8 © Springer Nature Switzerland AG 2021 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Preface

Is blockchain an “alien technology” or a new encryption algorithm to achieve the creation of digital currency that has been turned into hype for marketing reasons? Technically speaking, blockchain is presumably a highly complicated, non-transparent technology, something that only corporate giants with innovation labs can work with – at least that is what most people think. The confusion is understandable, as even today1 the debate rages on as to the “correct” definition of blockchain technology. In 2016 and 2017, when the hype surrounding blockchain had reached its peak, numerous companies began to take part in the “blockchain experiment.” Each had its own visualization of blockchain. This meant that the hype surrounding blockchain technology not only served to spur on development but, at the same time, was the most common cause of failure. The planning and development phases of numerous projects were shortened dramatically, so that the product could be brought to the market as quickly as possible and thereby profit from the extensive hype. At the same time, many technical concepts and projects that had already existed before the appearance of blockchain technology (and had little to do with its innovat