Monetize Big Data with Blockchain

Joel Neidig, SIMBA CEO, speaking at the Westec panel : How Blockchain Tech Will Rock Your WorldJoel Neidig, SIMBA Chain's CEO, was recently a panel speaker for the Westec 2019 roundtable "How Blockchain Tech Will Rock Your World." The exclusive blockchain-tech roundtable discussed many topics from limiting pharmaceutical counterfeiting using blockchain to blockchain being a way to monetize Big Data. Joel believes blockchain can open the door for industries to be paid for their data.

 

Joel Neidig, SIMBA CEO

“Manufacturers generate a ton of data. There’s a lot of Big Data and artificial intelligence and people wanting to consume that data. Blockchain is a way of being able to share that data, and then getting a return on that data, for basically an incentive to share that data.”

– Joel Neidig, SIMBA Chain CEO

Blockchain's importance is only growing as more industries and regulatory bodies that oversee industries see it as a way to gain greater traceability and validation of products and components. Blockchain can also help companies track supply chain and share that information in trustworthy ways.

 

 

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