Talk by Prof. R.A. Farrokhnia (Columbia Business School): Blockchain’s disruptive potential
Case studies on the Blockchain and speakers that matter
Insurance, automotive, IoT, and clean energy – Prof. R.A. Farrokhnia from Columbia Business School had picked four case studies for his talk on March 12, 2018 to highlight the disruptive potential of the Blockchain and some of its many real-world applications that might lead to a new era in disruptive corporate innovation.
Prof. R.A. Farrokhnia is a leading expert in this field. Besides teaching at Columbia Business School (CBS), he has gained extensive global professional experience and collaborates often in numerous capacities with tier-1 multinationals. He is also the Founding Director of “Advanced Projects and Applied Research in Fintech” Program at Columbia, a multidisciplinary initiative at the intersection of business and engineering. His deep theoretical and practical expertise as well as his entertaining teaching style resonated very well with the audience.
The perfect playing ground for the Blockchain
After all, the topic, the place and the audience were chosen wisely. Not only is Germany “the home country of all industries” (Eric Schmidt at his speech at TUM in February), Munich is also home to a series of major corporations such as BMW and Allianz that are closely looking into and actively working on potential applications of the Blockchain – e.g. in insurance, automotive, IoT, and clean energy!
Open doors for disruption
The Blockchain as well as other technologies whose disruptive potential Prof. R.A. Farrokhnia highlighted during his speech – such as quantum computing and artificial intelligence – are topics that corporates, startups and researches are working on at the very place the event took place at. On the 25th floor of the Highlight Towers, where IBM Watson is headquartered, the Digital Product School facilitates the creation of revolutionary tech products in multidisciplinary teams. Accordingly, the audience was very interested in the practical applications of the Blockchain that were discussed.
MBAs from TUM and CBS meet and mingle
Cutting-edge research at the interface of business and technology as well as designing and implementing disruptive business are key components that the Executive MBA in Innovation & Business Creation by TUM and UnternehmerTUM are built on. Accordingly, it was no surprise that many current and former MBA students from this program took the opportunity to join Prof. R.A. Farrokhnia’s talk and to meet their counterparts from the US, as Prof. R.A. Farrokhnia was accompanied by a group of MBA students from Columbia Business School who were eager to exchange ideas with Munich’s MBA students and to mingle with Munich’s tech crowd.
The next transatlantic leap
When the evening came to its end, plans to set up collaborations between NY, Munich, Columbia, TUM, UnternehmerTUM, Blockchain initiatives, industry-partners, startups, MBA students, and many others were made.