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In modern industrial production lines, the integration and interconnection of various different manufacturing components, like robots, laser cutting machines, milling machines, CNC-machines, etc. allows for a higher degree of autonomous production on the shop floor. Manufacturers of these increasingly complex machines are beginning to equip their business models with bidirectional data flows to other factories. This is creating a digital, cross-company shop floor infrastructure where the transfer of information is controlled by digital contracts. To establish a trusted ecosystem, the new technology "blockchain" and a variety of technology stacks must be combined while ensuring security. Such blockchain-based frameworks enable bidirectional trust across all contract partners. Essential data flows are defined by specific technical representation of contract agreements and executed through smart contracts.This work describes a platform for rapid cross-company business model instantiation based on blockchain for establishing trust between the enterprises. It focuses on selected security aspects of the deployment- and configuration processes applied by the industrial ecosystem. A threat analysis of the platform shows the critical security risks. Based on an industrial dynamic machine leasing use case, a risk assessment and security analysis of the key platform components is carried out.
New developments in decentralized ledger technologies may have a huge impact on how we perceive and use money now and in the future. Most notably, it has led to the development of cryptocurrencies and a variation thereof –stablecoins. This thesis discusses the potential impact of Proof of Work based cryptocurrencies such as Bitcoin on the money market and the central bank’s ability to maintain control over the money supply. The IS-LM model is used to evaluate the effects of a private-issued digital currency. However, due to the characteristics of POW based cryptocurrencies, their impact on the money market is neglectable. In contrast, private-issued stablecoins of large international businesses with the potential of gaining enough users to overcome hindering network effects may pose a serious threat to the financial system, if there is no regulation on their usage.
As a response to this development and combined with the phenomenon of a declining cash usage in many countries, central banks have started to conduct research in their own digital currency, namely central bank digital currency (CBDC). Countries such as Sweden or The Bahamas have already started with the implementation of trial phases of their respective CBDC. However, design choices of the country’s digital currency differ due to financial, geographical, and cultural circumstances, among others. Nevertheless, many countries have utilized decentralized ledger technologies as the underlying technology for CBDC, showing its promising potential for further research and future developments.
Formal Description of Use Cases for Industry 4.0 Maintenance Processes Using Blockchain Technology
(2019)
Die Distributed-Ledger-Technology, die Blockchain und Smart Contracts sind derzeit eines der am meisten diskutierten Themen in der Bankenbranche. Es wird viel erforscht im Hinblick auf Potentiale, Anwendungsgebiete und Risiken bezüglich der Nutzung dieser Technologien. Diese Arbeit soll eine Übersicht über den aktuellen Stand in der Branche geben und welche Chancen sich hier-durch ergeben könnten. Auch wird analysiert, welche Auswirkungen Smart Contracts auf die Branche haben könnten. Auch schon deren Entwicklung stellt die Branche vor neue Herausforderungen im Bezug auf Prozesse in der Bank, in der Kollaboration mit Partnern und mit Kunden.