In this session of The Bitcoin Masterclasses with Dr. Craig Wright, Bitcoin’s inventor describes ways to automate supply chain processes and work their results into payment contracts. IoT, big data, hardware, and mass information storage are getting cheaper and more disposable, and blockchain processes can be used to keep track of everything. Automated blockchain processes can be used to record and verify data at every stage of the supply chain, and contract conditions can be updated using nLocktime and nSequence. Dr. Wright also called for those looking to develop blockchain-based solutions to spend time in the industries they’re targeting for practical experience of their needs.
