Blockchain Technology

Kevin Leuthard and Mirco Klaus introduced us to the processes of the blockchain. It was a complex but an interesting topic.

Blockchain is a distributed ledger. It works in a decentralized network and guarantees security through broadcasting all new information to all participants. Therefore, each transaction adds to the ledger. In order to get the hash value, you need all inputs. An immutable record with fine stamp is added each time a new transaction is added. After a block of the chain is filled the block gets a final value that is incorporated in the new one. Advantage is that there is no financial intermediary needed. The other big potential is the so called smart contracts. As all the regulations and transactions are recorded, and thus secured and controlled. Not all information (private) can be recorded on the blockchain, as it does not allow data to be deleted. There is however a private blockchain, where there are parties with more authority and the number of participants is limited. More suitable for industrial use or internal use.

This technology has a great potential for humanity. It is important to take this transition, and help people in their ordinary life.

Digital Health – From Hype to Impact

Christine K. Jacob gave us a thrilling lecture about the digital health sector and told us what it is about, and what the advantages and challenges are.

Two main factors differentiate between digital disruption and traditional competitive dynamics: the speed of change and the high stakes involved.

Some industries face greater risks than others. Industries poised for greatest disruption are those in which the most digitalization is taking place.

We had a brainstorming session within little groups and discussed a mobile health solution that can help kids to be more compliant with their medication.

She showed us the importance and improvements in the health sector by implementing the digitalization. Success of digital health relies on how it is done.

„It is a social and behavioral science.“

The Impact of Positive Appearance

What is your first impression? What are influencing factors? Corinne Staub was introducing us to the impact of a positive appearance in a very lively and personal way. The image that others have of you, is not controllable. But some factors you can impact. Self-branding is the key because you can control who you are, how and what you communicate, or the way you act and interact with others. Factors that help to leave a good first impression. Firstly, show positive emotions and gain trust. Next steps are to garner respect and show interest.

She showed us a model of Marc Bowden. Humans are scanning people whether they could be a friend or an enemy. She encouraged us to have the focus on the friend side and look for the positive, because the enemy side is mostly a personal problem in our head and not a real issue of the person itself. This is very crucial for doing business.

Corinne Staub made interactive sessions, in which the students could practice their skills in presenting themselves and how to introduce a group of people to a company in the right way.

Also, the culture, the environment, character and values are important elements that influence who you are. It is relevant to gain experience and catch the interest of the other party by being authentic and natural, making your listener curious, being interesting and beginning with why.