Hype or help? What the blockchain really does

Blockchain is much more than Bitcoins and offers advantages for many industries. Since the introduction of blockchain in 2009, the technology has continued to develop. Nevertheless, discussions about the possible uses of blockchain continue to be heavily influenced by cryptocurrencies, and since 2021 also by so-called non-fungible tokens (NFT). The result: confusion around blockchain and its potential are equally great.

  • Self-managed (electronic) identities for the secure identification of persons, organisations and objects in the digital space
  • Product tracking to increase product safety and transparency along supply chains
  • Consolidation of sensitive (health) data for higher quality of diagnosis and treatment without compromising data security

Blockchain technology offers a suitable technical basis for securely digitising and automating business processes, collaborating efficiently and creating more robust digital infrastructures. This can also open up new business areas. In order to exploit this potential, leaders need to move away from hype, but also from blanket criticism. This study aims to be a starting point for this.

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