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Blockchain, a distributed, tamper-proof ledger that records and time-stamps transactions, can remove layers of bureaucracy and financial intermediaries. Like other technologies, it can reduce friction and costs.

Key Takeaways

  • Some 45% of financial intermediaries like money transfer services and stock exchanges fall victim to economic crime every year.
  • If blockchain can live up to its promise, there‚Äôs potential for it to revolutionize the way companies do business.