By Thorsten Koeppl, Department of Economics
The Blockchain revolution is here. And, in many ways, it is like the Internet was when it started 20 years ago. We did not know how we would be affected, but we all had a feeling that this is going to be big. After watching a movie classic — the “Terminator” — I realized that three questions stand out when gauging the potential of Blockchain and Distributed Ledger Technology more broadly.
- How big are the cost savings?
- Is there a need for privacy?
- Can we rely on independent, safe and smart communication between IT systems?