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Blockchain enhances business efficiency and cost reduction: Dr. Craig Wright at the London Blockchain Conference 2023

Blockchain enhances business efficiency and cost reduction: Dr. Craig Wright at the London Blockchain Conference 2023

To wrap up the London Blockchain Conference, Dr. Craig Wright gave a keynote presentation on how the world can utilize blockchain technology to enhance business efficiency and reduce costs. Specifically, he talked about handling inventory and streamlining just-in-time processes using the BSV blockchain.

This speech was one of the highlights of the conference, painting the picture of the grander vision for the blockchain, so be sure to check it out.

A real use case for blockchain technology

Dr. Wright begins by pointing out something he has said many times; “garbage in, garbage out.” What he means by this is a database is only as good as the data we feed into it, and when it comes to supply chains, very often, the data is wrong, leading suppliers, buyers, manufacturers, and all sorts of organizations to believe they have items, parts, and other things they don’t.

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