What is Blockchain anyway?

Masterclass: What is Blockchain anyway?

Is there more than one kind of blockchain? What about bitcoin, litecoin, ethereum and altcoins? What is their underlying principle?

In this masterclass, presented by David Wohde, Academic Director of the Master’s in Blockchain Technologies and Founder & COO at Acomodeo, you can find answers to what blockchain is and what it could do for us, our society and business world in general.

Blockchain can be defined as a registry of assets and respective transactions. Compared to other networks we use, blockchain is a peer-to-peer network or a distributed base. Or, in other words, the data stored on blockchain is distributed between different blocks. Not having one device used for storing something is what makes blockchain significantly less vulnerable to attacks.

Having established that, what kind of data can we actually store on those blocks? Anything of value from certificates and medical records to documents of ownership or custodianship. The main problems that blockchain solves are finding consensus between a large number of widely distributed peers and creating immutable records.

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David Wohde

David Wohde

Founder of Acomodeo & Top 100 European Proptech

After working for IBM and Deutsche Telekom as a consultant, and at KPMG Hong Kong as an auditor, David dipped into the business travel industry in 2012. First as an analyst for Media Concierge and project manager for BCD travel, later as managing director and founder of EOS Project Service, a company which organized group travel solutions for media companies such as Associated Press, BBC, and Reuters. From 2013 to 2015 he also supported a joint-venture publishing company as founder and advisor (Next Level Interactive).

With his latest venture Acomodeo, David created the world’s leading digital provider for serviced apartments, offering enterprise software solutions for blue-chip clients such as Audi, Commerzbank, and Siemens. As a thought leader in the triangle of proptech , fintech and traveltech, David holds speeches and lectures all over Germany.