Frankfurter Allgemeine Zeitung, a center right, liberal conservative German paper founded in 1949, recently wrote a long article about the catchword after Bitcoin: the Blockchain. Or, as the article sometimes puts it, “the Blockchain.”
The article at many points takes on a sarcastic tone, poking fun at the many wild theories about the potential of the “Blockchain” which proponents tout beyond the use-case of Bitcoin. When speaking about sober possibilities of the Bitcoin blockchain, the author Bettina Weiguny drops the quotations. She’s not convinced the blockchain can save the world. Throughout the article, nevertheless, she acknowledges that very influential people in the financial world are paying attention.
The article goes over the blockchain basics. The blockchain means there’s no need to pay banks to transfer money, nor a notary to buy a house. Exactly this promises the Blockchain Technologies. Banks, cash and much else will be overhauled. In fact, the entire way we see the economic world will be changed. Cash, Banks & Liars
Called “‘ Bargeld, Banken und Betrüger , Weiguny begins with a peak into the life of Richard Branson, the Virgin founder, and his Summer conference “Blockchain Summit” on his private island. She paints a quirky picture of the blockchain proponents. For many, it is still not clear what problems the technology actually solves. FAZ asks: “Are these loudmouthed visionaries at work or only visionary sounding braggarts?”
The report notes Microsoft founder Bill Gates swears by the Blockchain. And US foreign finance minister Larry Summers goes around in the blockchain circles of Silicon Valley. The “Blockchain”, like in the US, is being experimented upon in the upper echelons of Germany’s traditional corporations. Deutsche Börse (The German Stock Exchange), Telekom and others are getting a feel for the “Blockchain.”. RWE-Chief Peter Terium is totally optimistic that the “Blockchain” will […]
