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RE: The Blockchain Vs The Board Room

in #blockchain7 years ago (edited)

Banks, financial institutions, and other businesses are definitely implementing blockchain solutions. Not necessarily for crypto/money purposes, but for the power of a distributed ledger... think about the number of parties involved with you buying a car. You have the manufacturer, the dealer, the banks for loans, insurance companies, etc. Using blockchain technology features such as consensus and smart contracts, they'll be able to reduce risk/costs (by eliminating trusted third parties for coordination) and increase overall trust. What a time to be alive.

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