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Author Topic: [2016-06-28] BS: Blockchain technology to remove friction in transactions: IBM  (Read 820 times)
polynesia
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June 29, 2016, 12:50:40 AM
 #1

Blockchain technology to remove friction in transactions: IBM

http://www.business-standard.com/article/news-ians/blockchain-technology-to-remove-friction-in-transactions-ibm-116062801010_1.html

The unique blockchain technology will enable greater trust in business, creating an "all-in" economy fuelled by autonomous organisations by vapourising current frictions in the economy that are inhibiting business growth and propelling the movement of capital, a new study said on Tuesday.

"Today, a number of frictions -- such as participants of a transaction not having access to the same information or the high price of intermediaries -- add costs and complexity that drags on global business and trade," said the study done by technology giant IBM's Institute for Business Value (IBV).
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polynesia
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June 30, 2016, 12:05:03 AM
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Covered by Firstpost as well.

http://tech.firstpost.com/news-analysis/according-to-ibm-blockchain-technology-to-remove-friction-in-transactions-322868.html
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