Blockchain has made the leap into the public arena: Daily newspapers,
business magazines, news portals and blogs are reporting almost daily about the new technology, which is the foundation for the crypto currency Bitcoin.And it’s not only IT companies that are exploring blockchain. Insurance firms,logistics companies, banks, stock exchanges, and companies from numerous other sectors are working on scenarios for possible applications.What initially looked like a hype is now becoming established as a trend with a highly promising future. As a quintessential cross-sectoral technology, blockchain has the potential to revolutionize entire value chains – because it enables the transaction of values in digital space without the need of an intermediary, and it represents a new, efficient method for the verification of data and data transfers in multi-stakeholder systems.