Christian Heise discusses establishing socially fair digital marketplaces through blockchain and other decentralization technologies
[VIRTUAL CONFERENCE] The leading Blockchain Expo World Series announced it’s free Blockchain Expo Europe Virtual taking place on the 25-26th November 2020.
The Blockchain Expo Europe Virtual show consists of 4 co-located events | 5000+ attendees | 100+ speakers.
5 questions from Christian Heise | Deputy Project Director – Economy of Things | Robert Bosch GmbH:
- How is your organisation applying blockchain?
We at the “Economy of Things” project at Bosch apply blockchain and other decentralization technologies to establish socially fair digital marketplaces in our core industries mobility, energy and consumer goods. We think that the concept of coopetition is key to building truly decentralized systems, that’s why we periodically post our progress in research and use cases on our research updates website: https://www.bosch.com/research/updates/economy-of-things/
- What were the biggest challenges, &/or benefits, in using blockchain technology?
The biggest challenge is to rethink how to run a business cooperatively i.e. have players from different backgrounds come together to work on a common platform or base infrastructure, and then operate competing products on top of this common platform. In principle this means, each participant agrees on not owning a platform alone, not extracting excessive rents from the platform and preventing information asymmetry on base infrastructure components.
A major benefit of running a decentralized platform is the focus on innovating and inventing on such base services and come up with new business, product or partnership models.
- What is your company’s roadmap for the rest of 2020 and what should we expect to see from your team in the next 12 months?
A couple of our prototypes continue to evolve into MVPs and actively operated systems. Some ideas have failed. So we will continue contributing to promising projects, fundamental research in the cryptoeconomics spaces, as well as involving traditional market participants in decentralized ecosystems.
- How are you seeing the rate of blockchain projects move from pilot to production? When do you think blockchain could become a mainstream technology?
The range of project maturity is pretty broad. We still have strict regulatory and safety requirement e.g. in the energy sector, which slow down the adaptation of truly decentralized energy trading platforms. These measures are there for a reason, so we have to find a way to address them also in the blockchain realm. On the other hand there are many promising concept e.g. in master data management (https://www.bosch.com/research/updates/economy-of-things/technology/#self-sovereign-identity) , which could go into production quite soon.
- Who is your hero/mentor in this space: what lessons have you learned from them and how have you applied them in your career?
In my opinion, the blockchain movement keeps flourishing because of the variety of interests and skills contribution to fairer digital ecosystems. Coming from a software developer background, I’ve learned the meaning of incentive design from game theorist. Economists taught me the importance of social fair principles as means to more efficient i.e. less wasteful and less imbalanced interaction in markets. But also the sheer amount of relevant technologies in the area of multiparty computation, decentralized technologies, hardware-secured architecture are just mind-blowing and a constant learning challenges to me. The hero is the bright community around blockchain&co that wants to equalize opportunities in the digital realm.
Our world series conferences are constantly evolving to meet the demands of our current global situation and the blockchain ecosystem. Find further information here on Blockchain Expo Europe taking place Virtually on 25-26th November 2020. Join us for the Blockchain Expo Global 17-18th March 2021 at Olympia London.
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