September 24, 2023

Juan Perez: “using blockchain can improve industrial processes”

According to the CEO of the Spanish blockchain company Finboot, Juan Miguel Perez, the adoption of the blockchain among 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.

Recall that Repsol uses blockchainto track and identify samples of various products during production. Using the new system allows the company to save up to € 400,000 per year by reducing errors.