In the scene, the blockchain is referred to as “Lightning Network”. It is becoming lightning quick!

The core idea is that only two nodes communicate with one another, store contracts and payments up to certain limits and, in so doing, reduce the overall load on the blockchain. In the future, this will enable numerous business models in the area of pay-per-use by assigning each user a unique electronic wallet. The whole mobility environment, for example, is an interesting field of application in this regard. In this case, security, scalability and tangible benefits for the customer are what count. If the owner of the new electronic wallet scans a QR code to book a flight, for example, the purchase is denied by the CryptoTec wallet if no more seats are available on the plane. If he would like to get around with a rental bike, he can book it easily and simply settle the costs directly via his wallet after the period of use. Similar concepts are easily conceivable in the leisure sector with Segways or self-balancing scooters, for example, in particular in urban mobility. Blockchain technology is in the starting blocks and, in the coming three to five years, it will surely be impossible to imagine being without it in many areas of our daily lives.