Plugin Issue #28_Blockchain 2020 in Germany
The Blockchain Strategy of the German Federal Government addresses the main topics concerning the future development of DLT and Blockchain in Germany. This PlugIn issue deals with the legal impact of the Strategy and the potential lack of regulation that challenges the industry for the time being. We will focus our summary on the sectors of Banking and Finance, Energy and Logistics.
The Blockchain Strategy of the German Federal Government addresses the main topics concerning the future development of DLT and Blockchain in Germany. This PlugIn issue deals with the legal impact of the Strategy and the potential lack of regulation that challenges the industry for the time being. We will focus our summary on the sectors of Banking and Finance, Energy and Logistics.
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Supply Cha<strong>in</strong> on the Cha<strong>in</strong><br />
One of the topics <strong>in</strong> the <strong>Blockcha<strong>in</strong></strong> Strategy of the Federal Government <strong>in</strong> <strong>Germany</strong><br />
concerns the logistics sector. With this, the Federal Government follows the paper of<br />
“Chances and Challenges of DLT (<strong>Blockcha<strong>in</strong></strong>) <strong>in</strong> Mobility and Logistics [German<br />
Read]” from the Bundesm<strong>in</strong>isterium für Verkehr und Digitale Infrastruktur (Federal<br />
M<strong>in</strong>istry of Transportation and Digital Infrastructure) from earlier <strong>in</strong> 2019. The logistics<br />
sector is one of the <strong>in</strong>dustries known for already exist<strong>in</strong>g projects concern<strong>in</strong>g the use of<br />
<strong>Blockcha<strong>in</strong></strong> and other Distributed Ledger Technologies (DLT).<br />
Logistics and <strong>Blockcha<strong>in</strong></strong>: Why it is a perfect match<br />
<strong>Blockcha<strong>in</strong></strong> technology supports with its capability to provide trust between several<br />
parties that are unknown to each other so far. Furthermore, <strong>Blockcha<strong>in</strong></strong> allows the<br />
automation of specific processes that are built on trust. The shipp<strong>in</strong>g of goods from A to<br />
B <strong>in</strong>cludes several logistics service providers and contractual parties. The parties <strong>in</strong><br />
this scenario have different <strong>in</strong>terests and priorities concern<strong>in</strong>g the success of delivery<br />
of the goods, therefore, this might serve as a role model for the application of<br />
<strong>Blockcha<strong>in</strong></strong> or DLT technology use cases. Furthermore, the legal challenges with<br />
<strong>Blockcha<strong>in</strong></strong> and DLT use cases usually lie <strong>in</strong> the field of data protection through the…..<br />
Dr. David Kle<strong>in</strong><br />
Salary Partner, Hamburg<br />
PROFILE<br />
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<strong>Issue</strong> <strong>#28</strong><br />
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