[2016-06-28] BS: Blockchain technology to remove friction in transactions: IBM

[polynesia]

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]

Covered by Firstpost as well.

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