Blockchain Essay Guide.pdf - Blockchain Technology...

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Blockchain Technology innovation the enables transparent interactions of parties on a new type of trusted and secure network which distributes certified and auditable access to data. Holds the potential to address inefficiencies, reduce cost, unlock capital, improve trust in societal fabric and open new business models. Can accelerate growth of informal economy or even criminal elements, complicating efforts of governments to provide security and safety to citizens. Why is there interests and enthusiasm in financial markets? Trust and confidence in the promise to meet obligations is the cornerstone of any financial transaction. Substantial parts of financial markets are designed to fulfil this requirement through risk management infrastructure. Blockchain solves for problems in trust, asymmetry of information and economics of small transactions without burdensome risk infrastructure and central intermediaries.

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