July 21, 2024

Juan Perez: “using blockchain can improve industrial processes”

According to Juan Miguel Perez, CEO of Spanish blockchain company Finboot, the adoption of blockchainamong industrial production can increase the efficiency of processes.

Juan Miguel Perez believesthat companies that are committed to environmental responsibility need to implement blockchain. In the process of assessing the environmental impact of production, society should use certain metrics, and the blockchain is great for this.

“The use of new technologies should helpcompanies confirm that they are implementing their environmental initiatives. And what technology can confirm the fulfillment of your plans? Blockchain! ”He said.

It is the technology of distributed registry, accordingAccording to Finboot, it’s great for tracking industrial processes. As an example, Perez cited the energy company Repsol, which uses blockchain to improve the efficiency of its internal processes.

“Blockchain can offer such tools forproviding transparency, which no other technology can provide. With the help of the blockchain, companies will significantly increase their confidence in themselves and ensure efficiency in reporting, ”he stressed.

Let us remind you that Repsol uses blockchainto track and identify samples of different products during the production process. Using the new system allows the company to save up to €400,000 per year due to the reduction in errors.