ETL Replay: how blockchain could affect the events industry

This footage has been kindly captured by our friends at First Sight Media – firstsight.media

Welcomed to the Festival and Future stage at last year’s Event Tech Live were Mark Stormont, CEO of London Event Productions and Stormont London, and Josh Graham, CEO of Ehab.

Beginning the talk, Mark broke down the definition of ‘blockchain’, explaining that it is essentially an “inherently trustworthy ledger”. Unsurprisingly, a blockchain is a chain of blocks, with each block containing data. This data can relate to transactions, project work and employee communication.

Blockchains can demonstrate the validity of a company, its employees, the contractors and its project history. This is particularly useful to show prospective clients and beat off competition.

Josh drew examples from Ehab, a digital platform used to create more sustainable urban development, to demonstrate the benefits that blockchain produces. He stated that people can “trust each other and transact more fluidly”.

Claiming that blockchain needn’t be “used for everything”, Josh explained in which areas it should be used, pulling examples from the construction industry.

Management departments for any industry can benefit from blockchain as it provides evidence of transactions and documents any work that is carried out. Its “unhackable” nature allows managers to be assured that the data given is genuine. 

Following this, Mark talked about the practical applications of blockchain and encouraged questions from the audience to provide examples. Staffing, venues and event management are some of the areas upon which he touched to explain how blockchain can be incorporated in the industry. 

Event Tech Live will return on 6th-7th November 2019 at the Old Truman Brewery. It is the only free-to-attend show dedicated to event technology in Europe. To register for updates, please see here.

You can find more information about Event Tech Live at www.eventtechlive.com

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Molly joined the editorial team in March 2019. She has several years’ experience working in broadcast and journalism, as well as marketing and PR. Past experience includes working for the BBC and independent publishing houses. If you have a story you think Molly might be interested in, please email: molly@eventindustrynews.com