Blockchain technology for disaster prevention and recovery

Faculty Research

Horst Treiblmaier, Head of the Department of International Management at MU, gave a keynote speech at the Artificial Intelligence & Industrial Applications A2IA'2020 Conference (http://a2iaconference.org/). The topic of his presentation was the potential of blockchain technology to prevent disasters or speed up recovery in the aftermath of a catastrophe.

It is not only the ongoing COVID-19 pandemic, but a multitude of natural and human-induced disasters that frequently cause suffering for humans and wildlife as well as severe environmental damage. Consequently, there exists a strong need for technological solutions to prevent disasters altogether or at least alleviate their negative impact. In this regard, blockchain technology, with its ability to store data in an immutable manner and grant shared data access in real-time, provides several highly interesting opportunities to create information transparency and availability. In the aftermath of a disaster, blockchain allows for the easy auditability of information, which makes it possible to check whether emergency measures have been effective.

In his presentation Horst Treiblmaier also highlighted numerous potentials that emerge from the combination of Artificial Intelligence (AI) and blockchain. For example, novel AI research has created opportunities to better predict natural disasters such as earthquakes, floods, volcanic eruptions and hurricanes. Combining the power of AI with blockchain’s ability of data management leads to a multitude of fascinating opportunities to develop and deploy solutions that can help to fight the occurrence of disasters or alleviate their negative impacts.

Horst Treiblmaier currently teaches a class at MU on the implications of the cryptoeconomy in which he teaches students the functioning of blockchain and its manifold applications.

If you are interested in this topic reach out to horst.treiblmaiersymbolmodul.acpunktat

Related Programs:

Bachelor in International Management

Master in Management

MBA in Digital Marketing