PROFILING THE INNOVATORS
PROFILE German innovator eyes travel
operating system of the future Entrepreneur Ralf Usbeck of Chain4Travel argues
the travel sector can spearhead a blockchain-enabled second technology revolution. Lee Hayhurst reports
Is being sceptical today about whether blockchain is set to usher in a digital revolution equivalent to doubting the ŘĺŨóİŨĒËĨǝĺĈǝŨďóǝƃóæǝĒİǝŨďóǝĨËŨóǑƣƫƫƢšǀǞǞ ççĺśíĒİĉǝŨĺǞ ďËĒİƦTśËƂóĨǞĈĺŭİíóśǝ
RËĨŘďǝ¡šæóçĥƺǝŨďóśóǛšǝİĺǝŚŭóšŨĒĺİǝŨďóǝ ƃĺśĨíǝĒšǝËŨǝËǝšĒįĒĨËśǝŘĺĒİŨǝËšǝĒŨǝƃËšǝŘśĒĺśǝ
ŨĺǝŨďóǝƛśšŨǝíĺŨƿçĺįǝśóƂĺĨŭŨĒĺİǝËŨǝŨďóǝŨŭśİǝ ĺĈǝŨďóǝçóİŨŭśƉƿ ZËšŨǝƉóËśƺǝ¡šæóçĥǝšŨóŘŘóíǝËšĒíóǝ ĈśĺįǝPóËĥƃĺśĥƺǝŨďóǝŨśËƂóĨǝ
íĒšŨśĒæŭŨĒĺİǝŨóçďǝƛśįǝďóǝĈĺŭİíóíǝ ĒİǝƤƢƢƫƺǝŨĺǝŘŭŨǝŨĺĉóŨďóśǝËǞŨóËįǝ ŨĺǝíóƂóĨĺŘǝƃďËŨǝďóǝíóšçśĒæóšǝËšǝ ŨďóǝĺŘóśËŨĒİĉǝšƉšŨóįǝĈĺśǝŨďóǝ çĺįĒİĉǝ¸óæǝƥƿƢǝËĉóƺǝæŭĒĨŨǝæƉǝ
ŨśËƂóĨǝĈĺśǝŨśËƂóĨƿ ǘ¸ďóİǝƃóǝšŨËśŨóíǝŨďĒšƺǝƃóǝĥİóƃǝ
ĺİĨƉǝËǝƂóśƉǝšįËĨĨǝİŭįæóśǝĺĈǝŘóĺŘĨóǝ ďËíǝËǝśóËĨǝĒíóËǝËæĺŭŨǝŨďĒšǝŨóçďİĺĨĺĉƉƺǝ
æŭŨǝĈóóíæËçĥǝËæĺŭŨǝƃďËŨǝƃóǝËśóǝíĺĒİĉǝ ďËšǝæóóİǝæóŨŨóśǝŨďËİǝóƈŘóçŨóíƺǙǞďóǝšËƉšƿǝ ǘ¸óǝçĺįŘËśóǝĒŨǝŨĺǝƃďËŨǝĒŨǝƃËšǝĨĒĥóǝĒİǝƣƫƫƩǝ
æóĈĺśóǝŨďóǝĒİŨóśİóŨǝśóËĨĨƉǝŨĺĺĥǝĺƖƿǝ GǞśóįóįæóśǝšŘóËĥĒİĉǝŨĺǝËǝśóĉĒĺİËĨǝ
ŨśËƂóĨǝĒİíŭšŨśƉǝĉśĺŭŘǝËİíǝËšĥĒİĉǝǚ¸ďĺǝ ĒšǝĺİĨĒİóǀǛǝlİĨƉǝƧȎǝƃóśóƿǝ ǘTďĒšǝĒšǝŨďóǝšËįóƿǝ ËçĥǝŨďóİƺǝƃóǝĥİóƃǝ
ŨďóǝĒİŨóśİóŨǝƃËšǝçĺįĒİĉƺǝæŭŨǝĺİĨƉǝËǝĈóƃǝ ŘóĺŘĨóǝĥİóƃǞƃďËŨǝŨĺǝíĺǝƃĒŨďǝĒŨƿǞ
TďóśóǝËśóǝçĺįįĺİǝįĒšŘóśçóŘŨĒĺİšǝ
ËæĺŭŨǝæĨĺçĥçďËĒİƺǝĨËśĉóĨƉǝíŭóǝŨĺǝŨďóǝ çśƉŘŨĺçŭśśóİçƉǝ ĒŨçĺĒİƹǝĒŨǝĒšǝçĺİšĒíóśóíǝ šĨĺƃƺǝóİóśĉƉǑĒİóƗçĒóİŨƺǝËİíǝĈĺśǝ ĉóŨǑśĒçďǑŚŭĒçĥǝšŘóçŭĨËŨĺśšǝĺśǝçśĒįĒİËĨšƿ
ǘGİǝƣƫƫƩƺǝËǝĨĺŨǝĺĈǝŘóĺŘĨóǝšËĒíǝƉĺŭǝƃĒĨĨǝ
İóƂóśǝšóĨĨǝŨśËƂóĨǝĺİǝŨďóǝĒİŨóśİóŨƿǝ¸óǝďËƂóǝ ŨďóǝšËįóǝŘĺŨóİŨĒËĨǝŨĺǝçĺįŘĨóŨóĨƉǝçďËİĉóǝ ŨďóǝƃËƉǝƃóǝíĺǝæŭšĒİóššǝƃĒŨďǝæĨĺçĥçďËĒİƿǙǞ
ŭŨǝ¡šæóçĥǝšËƉšǝ ďËĒİƦTśËƂóĨǝƃËšǝ
íóƂóĨĺŘóíǝšŘóçĒƛçËĨĨƉǝšĺǝËšǝİĺŨǝŨĺǝæóǝ ďóĨíǝæËçĥǝæƉǝŨďóǝšĺśŨǝĺĈǝĒššŭóšǝĒİďóśóİŨǝ
ƃĒŨďǝŘŭæĨĒçǝæĨĺçĥçďËĒİšǝšŭçďǝËšǝ ĒŨçĺĒİǞËİíǝ)ŨďóśóŭįƿǞGŨǝĒšǝËǝçĺİšĺśŨĒŭįǝ æĨĺçĥçďËĒİƺǝËǝíóçóİŨśËĨĒšóíǝŘśĒƂËŨóǝ
İóŨƃĺśĥǝŨďËŨǝśóšŨśĒçŨšǝËççóššǝŨĺǝįóįæóśšǝ ĺİĨƉƺǝËĨĨǝĺĈǝƃďĺįǝĉĺǝŨďśĺŭĉďǝËǝX¾ ǝ ǍĥİĺƃǝƉĺŭśǝçŭšŨĺįóśǎǝŘśĺçóššǝŨĺǝ
ƂËĨĒíËŨóǝŨďóįƿǞbóįæóśšǝËśóǝƂĺŨóíǝ ĒİǝĺİǝËǝíóįĺçśËŨĒçǝæËšĒšǝæƉǝŨďóǝ İóŨƃĺśĥǝËİíǝËçŨǝËšǝǚİĺíóšǛǝƃďĒçďǝ ËŘŘśĺƂóǝËĨĨǝŨśËİšËçŨĒĺİšǝĺİǝŨďóǝ æĨĺçĥçďËĒİǝšĺǝİĺǝĺİóǝįóįæóśǝ çËİǝĉËĒİǝįĺİĺŘĺĨĒšŨĒçǝçĺİŨśĺĨƿǞ
PUBLIC BLOCKCHAINS
¸ĒŨďǝŘŭæĨĒçǝæĨĺçĥçďËĒİšƺǝËİƉĺİóǝ ƃĒŨďǝËǝçĺįŘŭŨóśǝËİíǝËǝįĺíóįǝçËİǝ æóǝËǝƂËĨĒíËŨĺśƺǝšĺǝŨďËŨǝśóŚŭĒśóšǝËǝ çĺįŘĨóƈǝŘśĺĺĈǑĺĈǑƃĺśĥǝįËŨďóįËŨĒçËĨǝ
ŘśĺæĨóįǝŨĺǝæóǝšĺĨƂóíǝĈĺśǝóƂóśƉǝ ƂËĨĒíËŨĒĺİƿǝTďĒšǝçĺİšŭįóšǝËİǝóİĺśįĺŭšǝ ËįĺŭİŨǝĺĈǝçĺįŘŭŨĒİĉǝŘĺƃóśƺǝËİíǝ ŨďóśóĈĺśóǝóİóśĉƉƺǝËİíǝËĨšĺǝŨËĥóšǝŨĒįóǝǐǝ óƂóśƉǝ ĒŨçĺĒİǝƂËĨĒíËŨĒĺİǝŨËĥóšǝŭŘǝŨĺǝƣƢǝ įĒİŭŨóšƿǝ ĒŨçĺĒİǛšǝƫƢǝįĒĨĨĒĺİǝŨśËİšËçŨĒĺİšǝ ŘóśǝƉóËśǝçĺİšŭįóǝƣƤƧǝŨóśËƃËŨŨǝďĺŭśšƺǝ ŨďóǝšËįóǝËšǝŨďóǝËİİŭËĨǝóİóśĉƉǝ çĺİšŭįŘŨĒĺİǝĺĈǝ śĉóİŨĒİËƿǞ
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