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Fraunhofer FOKUS

Publication “Myth Blockchain: Between Hope and Reality”

News from Oct. 12, 2021

What has remained of the great blockchain hype? In their new publication, the Competence Center Public IT (ÖFIT) at Fraunhofer FOKUS, together with the Weizenbaum Institute for the Networked Society, takes stock.

Creating trust, mediating institutions, or even replacing the state and revolutionizing the Internet - the ideas associated with the “blockchain myth” seemed to know no bounds. A good four years after the first ÖFIT white paper on blockchain, it is time to take a look at what remains of the ideas.

From myth to technology building block: the new white paper on the “Myth of Blockchain” provides an overview of the technical developments of recent years. A common understanding of the state of the technology is important to analyze the exemplary use cases. The authors of the publication present exemplary use cases and derive concrete key factors and recommendations for action for the successful use of the diverse technology building blocks.

The publication is provided as a PDF.