Blockchain for Business

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Opportunities and Challenges

Trust is the most important element that drives both a successful transaction in a business and a meaningful personal or social value exchange in a society.

—Jai Singh Arun

Aside from the Internet, which actually emerged at the end of the 20th century, blockchain is the most disruptive technology of the 21st century. It radically unravels the trust, transparency, and accountability issues in business, and opens endless opportunities for innovation across industries.

In recent decades, businesses and trade have crossed geographic boundaries and become global and open in many ways. Nevertheless, the most fundamental challenge remains trust. In many situations, would-be partners have either limited or no trust, which ...