An in-depth report on the DLT-based companies of Berlin
Following the successful launch
Following the successful launch
2018 was a big year for us. It started out with an idea – we knew we were passionate about blockchain and it only seemed natural for us to follow that passion and create a digital magazine that would cater to the curiosities and tastes of blockchain enthusiasts (like us) out there.
After creating Occurrency, we soon realised that a general approach to blockchain would be superficial. Therefore, we decided to tackle the topic by performing a scrutiny of the countries and cities that show potential and where blockchain is transforming industries and business models.
We’ve had a blast attending this year’s 1st edition of Web3 Summit organized in Berlin. Researchers, developers, organizations and companies with hands-on experience in the Blockchain space gathered at Funkhaus to share their take on “how to create a fully-functional and user-friendly decentralized web”.
Day 1 at Web3 Summit in Berlin was all about … Web3; what it is, how it works, and why it matters. The day kicked off with an early introductory presentation on “Decentralization in the Information Age” with Aeron Buchanan from Web3 Foundation, following which Vlad Zamfir from the Ethereum Foundation gave a talk on “Governance in Web2 vs. Governance in Web3”. According to Vlad, “Governance is the process of establishing and maintaining the legitimacy of decision-making processes. It’s all about decisions and how we make decisions”. As opposed to Web2, where data silos and centralized servers are in control, Web3 is completely decentralized, catering to the next generation of the web.
The benefits of Blockchain technology span across a range of industries. After launching Innovation Contest in 2017 in collaboration with Spin Lab Accelerator, Porsche Ventures revealed its serious plans to become a Blockchain adopter, and use the underlying benefits to decentralize the car manufacturing industry. 120 international startups participated in the competition, however the winner of the grand prize of $25,000 was Berlin-based startup XAIN. The team developed an application that uses Blockchain algorithms within cars. Porsche Ventures plans to invest 150M EUR in AI and Blockchain in the next five years in order to gain access to “new business models, trends and technologies”.
[Read more…] about Porsche partners with Berlin-based startup XAIN to test Blockchain-enabled car technology
Blockchain technology is picking momentum, disrupting everything from how crowdfunding works to the way people perform online transactions. The banking sector has been severely impacted by what Blockchain technology can do to ease and speed up processes. The smartest industry players are well aware that they need to adapt; otherwise, they’ll get left behind. According to CB Insights, over 55% of global companies in different industries are currently researching, monitoring, and developing Blockchain-based solutions. However, the public resistance against cryptocurrencies and Blockchain from industry players in banking begs the fundamental question: Why are banks so afraid of a new technology with great potential? The short answer is “because … “.