In February 2017, Frankfurt School of Finance & Management set up the Frankfurt School Blockchain Center – the first such initiative by a German business school. The new Center is intended to function as a thinktank and research centre focusing primarily on the implications of blockchain technology for businesses and the economy as a whole. The Center also provides a knowledge-sharing platform for decision-makers and business startups, as well as technology and industry experts. It will give fresh impetus to academic research, and develop teaching courses for students and executives alike. The Blockchain Center’s main priorities will be banking, energy, Industry 4.0 and mobility.
Professor Dr Philipp Sandner, Head of the new Frankfurt School Blockchain Center, is expecting the new technology to stimulate far-reaching change in enterprises and the world of business. “In essence, blockchain technology constitutes a fascinating new approach to keeping track of, for example, asset ownership, without requiring a central authority and with minimal transaction costs. This in turn supports business models with the potential to trigger radical changes in society and the economy. With the Blockchain Center, we want to create a platform that addresses both the opportunities and disruptive potential of this new technology through research projects, networking events and presentations.”
Working at the Center alongside Professor Sandner are Professor Dr Peter Rossbach, Professor of General Business Administration and Business Informatics at Frankfurt School, and Vahe Andonians, CEO of SCDM Germany. The Center’s expertise is further enhanced by specialists in areas such as the energy industry, Internet of Things (IoT), smart contracts, and jurisprudence. Commerzbank AG, advancing blockchain technology through its various cooperations and projects, and the consultancy MaibornWolff, specialists in IT consulting and software engineering, are supporting the center.
To encourage networking between blockchain experts and the many people interested in this technology, the Center will be organising regular Blockchain Talks featuring specialists in research, economics and the business startup industry. The kick-off event is scheduled for May 9, 2017, and will take “Blockchain and decentralised autonomous organisations” as its theme. Thorsten Zoerner will present the stromDAO project – a blockchain-based energy supplier that operates as a decentralised autonomous organisation.