Tuesday, October 19

Why the blockchain is so much more than the bitcoin

Is the next industrial revolution based on decentralized technology? Not only one tractor manufacturer has already recognized the potential of the blockchain.

Farmer with blockchain?  The first implementations are already underway.

Farmer with blockchain?  The first implementations are already underway.

Blockchain, cryptocurrency, bitcoin, token – there is confusion around these terms. For some, cryptocurrencies and tokens are as identical as blockchain and bitcoin. But this is a fallacy. Because the blockchain is above all an encryption technology that can be used in a variety of ways. The company CashOnLedger, for example, works with blockchain technology, but not with cryptocurrencies. On the contrary: The aim is not to replace conventional currencies, but to make them programmable in order to link payment transactions directly with the “Internet of Things”.

While one is still talking about a possible cooperation with many potential partners, a project has been running for a long time. “This is the only project in this area in Europe,” says CEO and co-founder Serkan Katilmis. Together with the tractor manufacturer Lindner, CashOnLedger has developed a model with which a tractor can be billed according to use. “It’s similar to car sharing. You don’t buy a vehicle, you buy mobility. Because that’s what you actually need. ”A specially secured“ crypto security chip ”is built into the tractor. The tractor ejects 65 data points. This allows the actual use to be seen, which can then be monetized, explains board member and co-founder Maximilian Forster. For example, other hourly rates are calculated whether the tractor only drives from A to B or is used for heavy clearing work.