Persuading businesses to put their data on a public blockchain shouldn’t be a big deal, says Joshua Henslee. After all, it’s not long since they overcame their objections to storing their data on cloud servers instead of locally on their own computers.
Joshua is an IT professional from California who mostly works with Microsoft products. He believes the future for his clients, and for his own success as a consultant, lies with blockchain solutions using BitcoinSV (BSV).
While private blockchains may sound appealing to cautious businesses, Joshua believes they’re not worth investing in. They’re effectively adding IT resources to business costs, whereas a public blockchain like BSV could produce savings throughout the business: “you’ll be able to streamline business processes such that you’ll have cost savings elsewhere. So even though you’re adding a tiny bit of cost, you’ll more than recoup that and have gains in other parts of your system - financial, supply chain, communication with vendors."
This conversation was recorded at the CoinGeek conference in Toronto.