Senate of Hamburg Releases Its First Report on Blockchain DLT, Forecasting Future Growth

The Senate of Hamburg has recently decided to release the first report on how the blockchain technology is being dealt within the country. According to the official statement of the entity, there are many blockchain initiatives which are currently being held in the city.

Because of this, the local senate hopes that the blockchain activity will increase a lot in the next few years. Also, the role of technology is expected to become more prominent as well.

Michael Westhagemann, one of the city’s senators, has emphasized the fact that the city is focused on giving real use cases for the blockchain technology. He pointed out that several cities are focusing on developing blockchain and crypto tech that is on a very gray legal area and that this will not be the case with Hamburg.

He also cited several projects which are currently being developed in the city. According to him, several companies such as Enerchain and Hansebloc are a part of the city. Enerchain is a blockchain-based platform that has been in development for two years while HanseBloc is focused on improving logistics of shipping by using the blockchain.

Another company cited in the report was Secure Additive Manufacturing Platform (SAMPL), which has the goal of deploying the blockchain tech in order to provide solutions focused on the protection of copyright, especially in the areas of 3D printing and manufacture.

Blockchain Conferences Are Coming To The City

The report finished by affirming that several major blockchain conferences would be held in the city soon. They are all part of a larger plan known as Blockchain Summer Hamburg. Three conferences were directly cited in the report: moinBlockchian, Distribute and another one called Blockchain Conference Hamburg 2019.

Hamburg got some competition, though. Recently, the co-founder of Ethereum (ETH), Joseph Lubin, affirmed that Germany’s capital Berlin was the most important city in the whole blockchain market. It is hard to compete with the capital of the country, but Hamburg seems to be willing to give it a shot.

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