INTERVIEW
The technology is built upon the global cryptocurrency Bitcoin . Devlin points to the $ 330mn real estate business launched recently by British tycoon Michelle Mone in Dubai , where property can only be paid for by using Bitcoin , as an example of how the market is really beginning to embrace the security offered by the blockchain .
But that ’ s just one example of how the technology is currently being used , and he believes that there is potential for far more creative innovation pertaining to the supply chain .
Devlin says : “ The transaction is instantaneous , you own that property the second you buy it . And the company that ’ s sold the property knows that they ’ ve got the money , they know who it has come from and that it was paid .
“ Then , taking that more generally , companies can then ask themselves : by having that guarantee , provenance and trust , can I offer a better service to my customers or the market ?
“ If the answer to that is ‘ yes ’, then companies have to start to think about
16 November 2017