This article appeared recently in German also. Please click here. "Le roi est mort, vive le roi" (French for "The king is dead, long live the king") is the heraldic formula used in France to announce the death of the old king and at the same time proclaim the new one. In fact, after the first quarter of this year, market observers had already tried to pronounce the previously very successful form of financing of the promissory note dead - above all because the primary market volume had fallen to around EUR 4.5 billion. This was as little as the volume in January 2017, and a certain disillusionment spread to the first half of 2018: While more than EUR 20 billion in new issues had already been
«Le roi est mort, vive le roi» (französisch für „Der König ist tot, lang lebe der König“) ist die Heroldsformel, mit der in Frankreich der Tod des alten Königs bekannt gegeben und gleichzeitig der neue ausgerufen wurde. Tatsächlich hatten Marktbeobachter nach dem ersten Quartal dieses Jahres das Sterben der bis dahin sehr erfolgreichen Finanzierungsform des Schuldscheins bereits herbeireden wollen – vor allem, weil das Primärmarktvolumen auf ca. EUR 4,5 Mrd. gefallen war. Es lag damit gerade einmal so hoch wie das Volumen des Januars 2017. Auch auf das erste Halbjahr 2018 gesehen machte sich eine gewisse Ernüchterung breit: Während im letzten Jahr zur Jahresmitte bereits über EUR 20 Mrd. an
Initially created in 10/2013, I have recently updated my introduction to the blockchain technology. I tried to keep it very basic, but I am convinced that this is a groundbreaking and disruptive technology. So far to most people only known in the form of Bitcoin, the underlying blockchain technology is far more than just a vehicle for a crypto currency. It will invade all and every aspects of how business will be done in the future. In order to have a basic understanding of what this technology is about, please feel free to read and share my short presentation. Click here to download.
