Trading paper for blockchain
Apr 26, 2016
Trading paper for blockchain
The trade cycle is paper dependent, cumbersome and expensive, but many tout the emergence of blockchain as the saviour. Given that many solutions already exist that can perform similar functions, CT investigates whether this is just hype.
For those new to the subject, blockchain is essentially just a public ledger. The data that is transmitted through it is irrevocable, shareable, and transparent. Information, whether it be contracts, documents, digital identities or traditional currencies, can be delivered through blockchain practically in real-time.
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