Browsing by Author "Passlack, Markus"
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- On the disruptive potential of distributed ledger technologiesPublication . Passlack, Markus; Andersen, EspenBlockchain – an ever-present term in recent scientific discourse. Both the awareness and the number of projects that experiment with blockchain technologies is steadily increasing. Yet, these so-called Distributed Ledger Technologies (DLT) are a solution looking for a problem. Many revolutionize data transfer and data collection, but no full-featured application has been fully implemented yet. To shed light on the potential of DLTs, the thesis deploys a holistic comparative framework and analyzes a real-life case study at TINE SA. It develops findings in the areas of technical structure, disruptive (business) potential and specific applications for farmhouses. The analysis compares a wide range of characteristics of IOTA, ITC, NANO and Streamr DATAcoin. Results indicate that IOTA is able to solve the problem of integer data transfer most efficiently through its decentralized user-controlled network and feeless real-time machine to machine communication. These features are disrupting the competitive landscape in various areas by enabling first-time data collection and transfer, especially in industries that are not working with big-data yet. Within the case study, IOTA was found to be highly potent in changing the environment in the dairy industry by introducing digitization on a new level, leading to additional channels and market opportunities. Finally, this thesis also identified further potential business applications of IOTA.