Blockchain, the new buzzword in tech circles, is rewriting the rules in many industries. Essentially a public ledger able to record and verify a high volume of digital transactions, it bypasses borders, governments and economic systems, making both local and global settlement quicker, more transparent and cheaper.
Global spending on blockchain solutions is estimated to reach $2.1 billion this year, but for there to be a blockchain revolution, many barriers – technological, political, organisational and societal – need to be overcome first.
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