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Coin Desk republished a recent blog by Alexander Hitchcock, Researcher at Reform, on the issue of blockchains and how they can disrupt bureaucracy.
“Blockchain – a public ledger capable of recording transactions securely (explained here) – is a key means. Businesses are proselytising the technology as able to remove back-office functions that eat into profit margins. Banks believe they can cut $20 billion from running costs. Government must likewise see it as a way to dramatically improve efficiency.”
Read the original blog here.