Crowd7 – Can it all be on the Blockchain

Room for a question or two from the room if anyone wants it? Please yeah… How quickly is the cost going to come down so that we can have everything on the blockchain which will help the circular economy So for example like just a chair, a spare chair… can we bring it down to like $50… $10 items? So we can really keep track of everything

Yeah I mean we’re seeing a prolification of use cases in supply chain and more recently there was a start-up based in the states that’s doing shoes so they’re tracking counterfeit shoes Nike’s So it’s not a $10 chair but certainly… we see the really great handshake on use cases around counterfeit goods and that’s of course a 17 trillion dollar annually in terms of counterfeit goods on open marketplaces

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