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Blockchain business benefits

Blockchain business benefits

Source: London School of Economics

Academics from the London School of Economics provide an overview of the concept of blockchain technology and its potential to disrupt the world of banking through facilitating global money remittance, smart contracts, automated banking ledgers and digital assets.

The paper provide a brief overview of the core aspects of this technology, as well as the second-generation contract-based developments. From there, the authors discuss key issues that must be considered in developing such ledger based technologies in a banking context.

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