UZH

Blockchains - A Valuable Commercial Contribution or a Romanticized Technology Playground?

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Blockchains provide the modern technology for a distributed ledger, for which participating stakeholders do not need to show a pre-established trust relation. Thus, everyone can participate in case of public blockchains being used. This fact is exploited within the most prominent application of blockchains, the Bitcoin approach, a real crypto-currency. Does this application - and others - provide a valuable commercial contribution or does the underlying blockchain technology lead into a romanticized future of trustless interactions beyond any currently known limits?