Charlie Glavin: Boardwalktech's Revenue Up Since IPO

TL;DR

Boardwalk Tech Software offers a centralized digital ledger system, utilizing blockchain technology, to remove inefficiencies in enterprise software processes.

Transcript

hi I'm Dorothy Neufeld with the investing news network and here with me today at the extraordinary futures conferences Charlie Lavin CEO of Boardwalk tech software thank you for being here today thanks for having me so I want to first talk about the story behind Boardwalk Tech how did it all begin I came in I was actually looking for a company that... Read More

Key Insights

• 📒 Boardwalk Tech Software aims to remove inefficiencies in enterprise software processes by offering a centralized digital ledger.
• ↩️ Their clients include 26 Fortune 500 companies, such as Apple and Ernst and Young, who have experienced improved efficiency and significant returns on investment.
• ✋ Boardwalk Tech Software's approach is to augment existing software systems, rather than replacing them, resulting in a higher quality and more efficient system.
• 🧑‍🏭 One misconception is that Boardwalk Tech Software is solely focused on cryptocurrency, when in fact, they provide enterprise software solutions.
• 😌 The greatest opportunities for Boardwalk Tech Software lie in supply chain management, order reconciliation, and asset tracking in industries such as consumer electronics, technology, and pharmaceuticals.
• 🏃 Each Fortune 500 company has around 100 applications that could potentially run on Boardwalk Tech Software's centralized digital ledger.

Questions & Answers

Q: How does Boardwalk Tech Software address the inefficiencies in enterprise software processes?

Boardwalk Tech Software eliminates the need for sharing information via email with attachments. Their centralized digital ledger allows authorized users to work simultaneously, maintaining a complete transaction history.

Q: Can you provide examples of Boardwalk Tech Software's clients and their use cases?

Some of their clients include Ernst and Young, Apple, and a large semiconductor company. Ernst and Young utilizes the software for their global tax group, while Apple tracks costs and delivery schedules. The semiconductor company reduced their request for pricing response time from 5.5 days to 1.5 days.

Q: How does Boardwalk Tech Software differentiate itself from other market players like SAP and relationship databases?

Boardwalk Tech Software doesn't ask companies to remove existing software but rather adds a layer on top to improve the quality and efficiency of the system. Their approach is like upgrading from an X-ray machine to an MRI machine for an IT department.

Q: What are the primary misconceptions about Boardwalk Tech Software in relation to blockchain?

One common misconception is that blockchain technology is strictly related to cryptocurrency. However, Boardwalk Tech Software utilizes a patented cell-based technology that provides traceability and timestamping for every transaction, demonstrating its blockchain capabilities.

Summary & Key Takeaways

• Boardwalk Tech Software was created to address the inefficiencies in enterprise software processes, specifically in sharing information via email with attachments.

• Their centralized digital ledger functions like a spreadsheet, enabling multiple authorized users to make changes simultaneously, providing audibility, traceability, and authentication.

• The company has already gained traction with 26 Fortune 500 companies, improving their systems, saving time, and generating significant ROI.