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What is blockchain?

With blockchain, we are talking about a technology with disruptive properties. It is a chained list in which each list entry (block) can comprise one or more data records.
Dr. Josef Packowski, Camelot
22 February 2018
What is blockchain?
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This text has been automatically translated from German to English.

The concatenation is done via cryptographic hash entries, a kind of checksum. Each hash entry is created from all records of a list entry and is kept in both the preceding and the following list entry. The list entries are thus unalterably welded together, similar to a chain.

Furthermore, blockchain is a completely redundant data storage. All data is held by all participants in the network and is constantly synchronized.

The real bottom line, however, is the programmability of the network via smart contracts. A smart contract is a small program that is imported into the blockchain and, like other data, is kept in the blockchain in a redundant and unchangeable form.

The interaction of smart contracts, data and events, i.e. predefined events, makes it possible to map certain processes in a forgery-proof and trustworthy manner, which until now could only be realized via intermediaries.

https://e3mag.com/partners/camelot-itlab-gmbh/

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Dr. Josef Packowski, Camelot

Dr. Josef Packowski is CEO of Camelot Consulting Group.


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Working on the SAP basis is crucial for successful S/4 conversion. 

This gives the Competence Center strategic importance for existing SAP customers. Regardless of the S/4 Hana operating model, topics such as Automation, Monitoring, Security, Application Lifecycle Management and Data Management the basis for S/4 operations.

For the second time, E3 magazine is organizing a summit for the SAP community in Salzburg to provide comprehensive information on all aspects of S/4 Hana groundwork.

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The event is organized by the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes attendance at all presentations of the Steampunk and BTP Summit 2025, a visit to the exhibition area, participation in the evening event and catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due course.