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Blockchain, more than just a database technology

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Thursday 15th

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16:55 | 17:35

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Theatre 18



Blockchain technology is based in very well-known technologies like distributed databases or SHA & asymmetric encryption. From a technical point of view the combination of this technology results in a data base model that is slow and has scalability issues, nevertheless it is a technology that can revolutionize the way companies exchange information and value due to its immutability property. Blockchain addresses the lack of trust & traceability in business & customer processes where different participants are responsible for part of the process, for instance in banking payments, mobile SIM migrations. This will dramatically improve customer experiences, efficient reconciliation processes and allow new cooperative business models/ ecosystems