Utilising blockchain for improved data integrity | Stephan Nilsson, Chris Light | #LDNBlockchain23

Utilize blockchain technology to improve data integrity, increase efficiency, and create new revenue streams by monetizing information and leveraging automation and machine learning.

Key takeaways
  • Blockchain technology can be used to improve data integrity and reduce costs in various industries.
  • Utilizing a public blockchain, such as Bitcoin, offers more scalability and flexibility compared to private blockchain solutions.
  • The programmability of the blockchain enables new business models and revenue streams.
  • The ability to tokenize small data points and monetize information can increase efficiency and profitability.
  • Automation and Machine Learning (ML) can be integrated with blockchain to enhance data collection and processing.
  • The noise around blockchain has led to a renewed understanding of what it can achieve.
  • Companies can benefit from using blockchain as a service, eliminating the need for re-education and training.
  • Public blockchain services can offer higher scalability and more affordable transactions compared to private solutions.
  • Blockchain technology can be used in various industries, including supply chain management, music distribution, and even in agriculture.
  • The data collection process can be simplified and streamlined using blockchain, resulting in improved efficiency.
  • Blockchain can help companies increase their revenue streams by monetizing information and creating new business models.
  • The application of blockchain technology is not limited to a specific industry or domain, but rather can be adapted to various sectors.
  • Public blockchain services can be used for transactions, data storage, and smart contracts.
  • Tokenized data points can be used to create new economic incentives and increase transparency in supply chain management.
  • The use of a public blockchain can help companies save costs and improve their overall efficiency.
  • Blockchain technology can be used to create new business models and increase revenue streams by monetizing information.
  • Automation and ML can be integrated with blockchain to enhance data collection and processing.
  • The use of blockchain technology can help companies maintain the integrity of their data.
  • Blockchain technology can be used to improve supply chain transparency and efficiency.
  • Companies can benefit from using blockchain as a service, eliminating the need for re-education and training.
  • Public blockchain services can offer higher scalability and more affordable transactions compared to private solutions.
  • Blockchain technology can be used to create new business models and increase revenue streams by monetizing information.
  • The use of blockchain technology can help companies maintain the integrity of their data.
  • Blockchain technology can be used to improve supply chain transparency and efficiency.