Blockchain news update

  • Have you ever got duped buying a car? Do you know what a Lemon car is? How can oneself avoid buying one? Tokenize Mobility is the solution and 360° Vehicle Life Cycle Management how to do it. Make sure that you have a trustful source with verified vehicle information. The Mobility Token (T) presented is a means to its end to drive successfully into the future. Speaking at Token Summit Liechtenstein 2022, Token Economy (CCA), 13 October 2022, Vaduz, Liechtenstein (Presentation outline and Video)
  • How to manage the elephant with regards to road traffic safety and sustainability. Blockchain in combination with vehicle-to-everything (V2X) technology can enhance road traffic safety and reduce once’s individual CO2 footprint. Presentation for Panel Discussion Resilient Transportation System, 30 September 2022, at Government Blockchain Association (GBA), Washington DC, USA (Presentation outline and Video)


Blockchain technology, competence platform and business opportunities 

Blockchain is "the" key strategic enabler to change and transform business for both: our future and the good of all. It will alter business, administration and society of how we conduct business beyond recognition. Decentralization in a trustful environment will push the power to the user. This is the revolution or in other words, the most significant change. What is more, tokenization is the means to it ends to transfer value for all kind of peer-to-peer (P2P) transactions, i.e without intermediary. I created this Blockchain iPlatform to present business opportunities and introduce interested parties to the Blockchain universe. 

Ultimately, Blockchain creates a token economy that generates a robust pro-growth business environment and prosperous future.

This website also introduces the most recent developments, investment options, partners of excellence and competence, and actors.


Blockchain and token economy

Blockchain technology will disrupt, transform and innovate the current way we conduct business. Blockchain stores information decentrally in blocks that are logged to each other in a chronological order generating a chain of blocks. Smart contracts will drive process automatisation and absolute digitalisation will take over. Blockchain technology constitutes the bridge for a new Economy of Things (EoT) based on digital tokens. New business models will emerge and create “Businesses as a Service” (BaaS) standard. Decentralised applications (DApps) will be the means to its end. Time to get ready for exploitation blockchain opportunities.


Blockchain easily explained

According to Marco Iansiti and Karim R. Lakhani (2017), “Blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.” 

Blockchain stores information decentrally in blocks that are logged to each other in a chronological order metaphorically generating a chain of blocks, hence, blockchain. 

The decentralization is the most distinctive feature of Blockchain and marks the difference with digital platforms. Blockchain is aimed at putting peer-to-peer transactions into play without the need for a trusted third party. In other words, each Blockchain data owner involved ensures that the data is correct. 

“With blockchain, we can imagine a world in which contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering, and revision. In this world every agreement, every process, every task, and every payment would have a digital record and signature that could be identified, validated, stored, and shared. Intermediaries like lawyers, brokers, and bankers might no longer be necessary. Individuals, organisations, machines, and algorithms would freely transact and interact with one another with little friction” (Iansiti and Lakhani, 2017). 

Moreover, a transaction register provides transparency and clarity of the process. The legitimation against the blockchain is done with a private key or in other words a cryptographic key, the so-called token. It is known only to the authorised party and, in my opinion, this represents one of the greatest risks. If the digital key, i.e. token is lost, indeed everything is lost forever (possessions, assets, ownership rights, etc.). This can, however, be prevented by additional measures and through newly emerging service providers. 

Blockchain with its distributed ledger technology (DLT) enables to work in a democratised way by reducing the barrier to access the market and fostering new business and organizational models.

This development has the potential to make new business models emerge and to disrupt the current status quo of conducting business (Frommelt, 2019a).


Thriving Blockchain use case, digital commons and public-private partnership concept

Please tune in and watch the Coffee from the Block talk concerning 360° Vehicle Life Cycle Management with Blockchain Technology and the launch of a digital eDriving License. Thomas Nägele aka Dr. Token interviews Otto C. Frommelt. He postulates that:

"Blockchain Technology, smart contracts and tokenization are the means to its end to ultimately transfer value and create a token economy".

All relevant information during the life cycle of a vehicle is stored in a transparent and trustworthy private-premissioned Blockchain where secure and reliable data exchange and customised data ownership is guaranteed. The benefit is an absolute digitalization of customer/citizen processes in own ecosystem to conduct business 24/7/365. Moreover, a token economy evolves to buy, register, service and sell vehicles. Research by the University of Zurich Blockchain Center indicates that verified vehicle lifetime data (e.g. a digital ecosystem) will increase the sales price by 5% and it ensures that not buying a so called lemon car.

In addition, a public-private partnership (PPP) with a seasoned “digital commons” (in German aka Allmende) concept and business approach is discussed. It is worth noting that Elinor Ostrom - first woman that was awarded the Nobel Memorial Prize in Economic Sciences  - with regards to  the "analysis of economic governance, especially the commons", i.e. Governing the Commons (Die Verfassung der Allmende) and Mayo Fuster Morell coined the term Digital Commons: 

A future oriented co-creation, participative and collaborative approach. The notion of polycentricity and self-determination are crucial design principles for the stable common pool resources (CPR) management.


Business transformation and change

Blockchain technology with its DApps will not only democratise how business is conducted, but also revolutionise governments, markets, and its industries. In this vein, a paradigm shift will take place by creating trust and flexibility in the Blockchain universe. We will enjoy many new and exiting business experiences in the future to come. As Dr. Stephan Karpischek, co-founder of Ethersic said:

 "Once you have understood what Blockchain is, you can no longer sleep at night".

My metaphor is: Each Blockchain can be seen like a small bridge and your token is the key to cross that bridge you own, until you pass the key on or sell it to someone else, i.e. transfer value.


Blockchain law and legal certainty

Presentation: The Blockchain breakthrough and Blockchain law
A legal framework with regards to the Blockchain per se is the prerequisite to conduct business with legal certainty in the settlement of transactions. The Principality of Liechtenstein, a Member of the European Economic Area (EEA), passed an encompassing Blockchain Act that came into effect in January 2020. The core is the Token Container Model and its Trustworthy Technology (TT) approach. This constitutes a solid and sound foundation for trustful interaction between peer-to-peer (P2P).

The Blockchain Act has the potential to become the legal golden standard to conduct business within the European Union (EU). 

The supervision by Financial Market Authority (FMA) Liechtenstein is a kind of garden angel concerning due diligence and mindful governance in the market environment.


Blockchain ecosystem map and strategy

The Oxford Blockchain Strategy Framework is a comprehensive tool for strategy development (Oxford Blockchain Strategy Programme, 2019). If Blockchain technology can be a feasible solution, there is a need to analyze and assess whether a blockchain provides a use case. The process is to determine if defined key criteria (e.g. Is there a predictable, repeatable process that lends itself well to automation? Is there an element of value transfer? etc.) could solve your business case, then start planning how to use blockchain with regards to:

  1. Protocol Layer (Public or private blockchain, design expectations and developer resources)
  2. Network Layer (Node, access, integration and data storage)
  3. Application Layer (Application user, user experience, design and organizational changes)

The three layers constitute the basis for creating a blockchain platform in order to conduct business and transactions in a trustful and transparent environment. Distributed applications (DApps) will become the new standard for convenience, speed and easiness for any kind of transaction to undertake. 

No central database: The power and benefit is in the decentralisation by Blockchain technology.


Blueprint for future digital ecosystems illustrations 

Presentation outline

A digital ecosystem is presented and a blueprint to manage Blockchain business opportunities are elaborated upon. The following presentation and video outline and showcase how a lighthouse project can be implemented. The cardossier PPP approach is an integral part for the experience sharing and co-creation by xTeams.

The Blockchain Breakthrough: Innovative Vehicle Life Cycle Management (Presentation at UNECE, Geneva)

The Blockchain Breakthrough: Innovative Vehicle Life Cycle Management (Video at UNECE, Geneva)

Blockchain in Public Administration: Coffee on the block with Dr. Thomas Nägele and Dr. Otto C. Frommelt (Video German version)


Selected Blockchain business cases

A few use cases of particular interest in the Blockchain universe are presented. They run follows:

Cardossier / The Motor Chain / Cannsol Holding / Powerledger & Staking

Crowd Machine go / Polkadot / Aeternity / TaaS - Transparency as a Service AG

State of DApps / edeXa | The Business Blockchain


Blockchain know-how and savoir-faire

Introducing Blockchain technology needs both i) a professional know-how and ii) a savoir-faire. In order to introduce a successful Blockchain strategy, it is highly recommended to work with seasoned experts in the Blockchain universe such as:

The Internet of Blockchains / Blockchain Meet-up Liechtenstein / CV Labs

Naegele Blockchain Law / Batliner Wanger Batliner Law / Ganten Group

Mobility Blockchain Infrastructure Initiative (MOBI) / AdNovum

Crypto Country Association (CCA) / Token Summit Liechenstein | Token Economy

edeXa | The Blockchain Blockchain and Universe / Checko.io

TraceX TechnologiesTaaS - Transparency as a Service AG


Circular mobility ecosystem and iMobility with Blockchain technology

Outlining Road User Charging (RUC) for sustainability and proposing a circular mobility ecosystem that includes individual mobility (Im) with a lifetime CO2 footprint for the future. It considers "all" transport modes, i.e. walking, bicycle, bike, scooter, car, truck, bus, plane, ship etc. 

The objective is to minimize the individual lifetime CO2 footprint and to enhance the behavior of oneself. It was a great honor to present as key note speaker this forward thinking concept at Intertraffic in Amsterdam, March 2022

Blockchain technology  will also contribute to manage smart mobility, enhance transport management, road usage and road traffic safety.

Keynote presentation: RAI Amsterdam, Intertraffic, International Road Federation (IRF), 2022

RUC 4 Sutstainability - What else?Road User Charging | Circular Mobility Ecosystem and iMobility Concept


Mobility vision: I would experience a seamless and smart mobility, where I am transported from A to B in the most optimal way, using all possible transport modes in a climate-neutral, cost-effective and timely manner. A shift to a new "Mobility as a Service" (MaaS) business model enables the best means of transport for every occasion, i.e., Horses for Courses. 

From "ownership" approach to "use" by offering end-to-end management of a customer’s assets and services to boost a sustainable smart mobility.


Mobility token (T)

Presentation and launch of Mobility Token (T) at the Token Summit Liechtenstein 2022 on 13 October 2022 organized by Cryptocurrency Association (CCA) Liechtenstein. The "T" stands for Tau: a greek letter in the alphabet. Trust is built into the digital ecosystem utilizing blockchain and applying as guiding principles KYC, AML and GDPR: No more lemon car and no more getting duped when buying a used car (see also Lemon Law in the USA). Lemon car means in German ein Montagsauto (a car that has hidden defects and is difficult to repair). In addition, a higher sales transaction price can be achieved as all transactions are in the blockchain documented and immutable.

The Mobility Token (T) is the means to transfer value and conduct peer-to-peer transaction under legal certainty in a trustful business environment.

The Token will catapult mobility services, information exchange and asset management onto a next level, i.e. to buy, sell or dispose a vehicle will be fast and easy done in the Blockchain. This unique Mobility Token was designed by Dr. Otto C. Frommelt and he holds its copyright.


Blockchain competences and universe

Competences in the Blockchain universe can be found inter alia in the following institutions, organizations and experts of knowledge:

European Blockchain Services Infrastructure (EBSI) / Cambridge Blockchain Energy Consumption

Impuls Liechtenstein / Stabstelle Finanzplatzinnovation / MIT Sloan CIO Symposium 

European Blockchain Convention / 101 Blockchains Academy 

University of Zürich Blockchain CenterEU Blockchain Observatory & Forum

Stable Money: Was wir von Bitcoin, Libra und Co. lernen können. Thomas G. Dünser


Blockchain governance and distributed culture mindset

Governance of Blockchain projects across organizations and states

While Blockchain drives a philosophy of a distributed ledger technology (DLT), there is also a strong need to create a new business approach with regards to manage both, technology governance and business governance. 

In addition, a prerequisite to be open for a new mindset as far as distributed culture is concerned, should be addressed.

In short, distributed ledger meets distributed culture mindset and new way of working. The framework "Corporate governance in the blockchain and distributed culture mindset" outlines and presents a new mantra. 

Know you customer (KYC) and the European Union (EU) General Data Protection Regulation (GDPR) are critical requirements for a sound governance and ethical management in the Blockchain universe. 

More information with regards to state of the art Blockchain governance across organizations and states to be found: 

Blockchain Governance across Organisations and States | Presentation at Public Sector Artificial Intelligence & Blockchain Summit, Berlin, 2019


Blockchain investment opportunities

Every day more Blockchain business opportunities are created and arise in the various sectors all around the globe. The list outset below is just a small glimpse. 

Cryptocurrency market / Pangea / Bank Frick Crypto Trading / VPBank Tokenization

Blockchain Founders Group / edeXa | The Business Blockchain


Blockchain news to stay tuned

The Blockchain universe is in full expansion and development for new business opportunities. The latest developments and news can be found:

The Block / Blockchain Asia / Brave new coin

Coin Telegraph / Blockchain News


Blockchain for future success, profit and growth

In summary, three strategic key driver will fundamentally change how we conduct business in the future:

  • Peer-to-Peer transactions (Effectiveness: Fast and direct)
  • Lean processes with smart contracts (Efficiency: Low cost and trustful transparent) 
  • Token economy to transfer value (Convenience: Easiness and simplicity)


Blockchain expertise, digital ecosystem and Strategy Advisory

Being a pro-active Member of Cardossier Association since 2019, a public-private partnership (PPP) consortium of 28 reputable actors, to develop a vehicle life cycle management platform with blockchain technology, Blockchain Strategy Advisor at Blockchain Founders Group (BFG) for start-ups and Blockchain Ambassador, I would like to share my comprehensive expertise and Blockchain experience in the private and public business arena as Broad Member, Advisor, Expert of Knowledge, for Corporate Governance Management and as professional Speaking Partner. 

Are you ready to transform and tokenize the world?


Blockchain how

From theory to practice. From talking to doing. From drawing board to market introduction. Get blockchainized to create a token economy for success and decarbonized robust growth.


Acknowledment and thank you to all my Blockchain partners as well as friends around the globe, I have met on this most exciting journey. What is more, I have learned a lot and continue to do so in the Blockchain universe. Let's continue the journey into a safer, more trustful and sustainable future.