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Prof. Dr. Isabell M. Welpe leads blockchain research group

Blockchain Research at TUM represents a group of researchers focusing on blockchain technology and its business cases at TUM School of Management and TUM.

The research group is led by Prof. Dr. Isabell M. Welpe, who holds the chair for Strategy and Organization at TUM School of Management and Prof. Dr. Florian Matthes, chair holder of Software Engineering for Business Information Systems at the Department of Informatics, as well as Dr. Andranik Tumasjan, the acting senior research director of the research group and post-doctoral scholar and Habiltand at the chair of Prof. Dr. Welpe.

Blockchain is a decentralized and encrypted distributed ledger technology consisting of concatenated blocks of encryptions. It thereby allows users to modify records in a shared database without having to use a central validation system. That process leads to greater transparency and security of transactions because every transaction is made peer-to-peer and, via blockchain, encrypted on each of the parties’ computer at the same time, which makes it hard to manipulate the verified information the transaction is based on.

Because deeper insides on the possibilities and limitations of blockchain are only made possible by better understanding the interplay between computer science and economics that the technology requires, the research group puts special emphasis on this transdisciplinary approach.

Further research on this technology offers a wide array of potential applications for business and retail, such as generating new revenue streams through automated orders via smart devices or further securing the digital supply chain by enabling end-to-end digital integration of manufacturing enterprises as well as the manufacturing process itself.

More information on the exact research conducted can be found on the website of the research group.

 

 

The post Prof. Dr. Isabell M. Welpe leads blockchain research group appeared first on Technical University of Munich – School of Management.

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