Nota Bene Episode 35: Implementing Blockchain Technology to Improve Operations with James Gatto
Blockchain stands to be the most disruptive technology in the world. Its adoption by multinationals is crucial to their success. How can the C-Suite best use this technology to improve the efficiency of operations and gain advantages in areas including security, shipping, payments, and supply chain?
Joining host Michael Cohen to share his insight on this topic is James Gatto. Jim is a partner in Sheppard Mullin’s Washington, D.C. office, where he leads the firm's Blockchain Technology and Digital Currency, Social Media and Games, and Open Source industry teams.
This episode originally aired on September 19, 2018 as Episode 3.
What We Discuss in This Episode:
What blockchain is exactly and what the various types are
The concept of decentralization and distributed technology
The unique process of recording, validating, and distributing data using blockchain technology
Why it’s important that blockchain technology relies on distributed instead of centralized data
The difference between blockchain and historic forms of ledgering
How one can use this technology to send and receive money more securely
What smart contracts are and how companies can use them
How smart contracts can be used in shipping, payments, and supply chain
Can smart contracts eventually replace lawyers and judges in certain legal processes?
How companies can use this technology to gain operational and efficiency advantages