Blockchain, Tangle & Beyond goes to Munich
The latest event in the Blockchain, Tangle and beyond meetup series took place on home soil, as members of the nakamo.to, peaq and Advanced Blockchain AG team made the trip to Deloitte Digital Ventures, in Munich.
Despite being one of the smaller events in the meetup series so far, the enthusiasm and interest from the those who gathered for the hour-long event was tangible. They were treated to an introduction by Deloitte’s Tobias Brenner, who spoke about how Deloitte are prepared to ride the Distributed Ledger Technology wave with a series of DLT focused initiatives — namely, Deloitte Blockchain & Cryptocurrency Community, GRID by Deloitte and the Blockchain Institute.
Next was Advanced Blockchain AG CEO, Michael Geike. Michael expanded on the connection between Advanced Blockchain AG, nakamo.to and peaq, which he mentioned in last week’s event in Berlin while introducing the peaq project. Michael described how Advanced Blockchain AG will act as a bridge to the corporate world, saying ‘we’ve been in the space for over six years, we’ve seen all the developments — we will now be the entity that speaks to the corporate world to help them find solutions that will help them bring their visions onto DLT.’
He then went on to explain how nakamo.to will be the technological brain to the alliance, building and designing DLT software and acting as a connection to the crypto and tech communities. The projects nakamo.to create will vary depending on what’s asked of them, but the peaq project provides some insight in to what can be expected from the team.
Michael then spoke extensively about the Distributed Ledger Technology industry. He described how only a fraction of the DLT market has been tapped into, and the numerous use-cases and applications the technology can be used for — opportunities Advanced Blockchain AG and nakamo.to are keen to exploit.
nakamo.to CVO and peaq R&D, Florian Reike, then joined Michael on stage for a Q&A session. They answered a range of technical and business related questions on nakamo.to, peaq, and IOTA, such as ‘What are the downsides of the IOTA project and the Tangle?’.
In their answer, the duo pointed to IOTA’s age as its biggest weakness, explaining that although we’re all very excited about it, it needs time prove itself, similar to Bitcoin.
Florian and Michael were then asked for examples of real world assets that can be tokenized and how they’d interact with each other, to which Michael answered;
‘Just think about cars in the near future, driving by themselves and communicating with each other. One car tells the other to slow down because it’s coming around the corner. This information must be validated and as secure as possible to prevent unwanted access. DLT offers that. An other use case is shared economies like car sharing systems.’
Here’s a link to a video of the event: Blockchain, Tangle & Beyond @ Deloitte Digital Ventures Munich