Ethereum Munich Meetup November Review
So a few weeks ago I was at the Ethereum Meetup in Munich which takes place roughly every 2 months. This time they invited two speakers from the corporate world.
https://www.meetup.com/Ethereum-Munich/events/234262490/
First they had Dr. Markus Hablizel of Allianz talking about "Finance Industry Blockchain Use Cases".
He thinks that we'll see "more private blockchains because corporates want control". As usual, this is something we as purists see as a contradiction in terms. You can call it distributed ledger or inter-corporate software architectures all you like, but don't call it blockchain when you neither have blocks nor have a chain.
Still, he was offering some new perspectives in that insurance corporations might reconsider their role and adapt to a future impact the public blockchain (which still have a long road to solve the scalability challenge) will have:
Use Case: Insurance coverages for the sharing economies
Providing Insurance policies through Blockchain
- Partnering of startup slock.it with insurer SafeShareInsurance to provide users with an insurance policy, making the rental of assets (flats, cars etc) via the sharing economy safer.
- A wants to rent the car from B on slock.it. B doesn't know A and her car is a high-value product, so she requests an insurance policy in case something bad happens.
- SafeShareInsurance reads continously the Blockchain and sees that B asks an insurance and provides it.
- B receives her insurance policy on the Blockchain, she pays only for the time the property was rented.
Then Dr. Dirk Siegel presented Deloitte's view on Blockchain.
His talk was quite freely improvised, without slides. At first he seemed to be a bit incoherent, like not knowing how or where to start to explain this "Blockchain" thing, and also repeating some of the typical hype ("Blockchain is coming of age") or self-evident phrases ("The blockchain is like a street, it is public"), or, again, uttering some questionable statements ("Big things will happen in private blockchains, not in public blockchains"). But actually, once he warmed up, he offered some fresh perspectives as well, conceding that public blockchains will probably be adopted first in the under-developed world and then spawn over from there into the first world.
Some discussions were going back and forth, pizza and beer was good, so it was another nice event after all, representing some kind of reality check that is necessary sometimes for folks like us. ;)
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