Smart Contracts

The application of blockchain and smart contracts also enables the building and operation of decentralized autonomous organizations (DAOs). While DAOs are already regularly in use in other areas – e. g. the financial sector − there has hardly been any application in an industrial environment, although, digitalisation and the upcoming of the "Internet of Things" have created a fruitful environment. This article looks at possible economic approaches to adaptation and explores potential business models that could result from the establishment of DAOs in Industry 4.0. (Only in German)

Our production, logistics and communication networks are becoming increasingly complex. More and more information has to get from sender to receiver in an increasing speed. In this interconnected and digital world, more people, companies, machines and products interact with each other. Each of these network participants has specific characteristics that describe its identity. On the basis of these digital identity it is possible to connect the entities directly with each other.