Blockchain: a Tool for Global Trade

in blockchain •  7 years ago 

block-chain-2850276_960_720.jpg

"Blockchain has frequently been called the invention of the century, prompting a frenzy that has slowly moved from the fringes into the mainstream. Higher-profile companies have started attaching themselves to the technology. Old timers like Eastman Kodak saw their shares more than double in a single day after they announced the release of a cryptocurrency.

Blockchain can efficiently regulate complex industries, while both promoting economic growth and ensuring consumer protection. Two London-based companies are exploring ways to apply blockchain to supply chain management in particularly contentious industries: seafood fishing, particularly tuna, and diamonds. The €16 billion-per-year supply chain sector is the backbone of global trade, but is fraught with high transactional costs, errors, and fraud."

Read more at:
https://intpolicydigest.org/2018/01/24/beyond-the-bitcoin-bubble-a-new-toolkit-for-regulators/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @ipd! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You made your First Comment
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!