Coin Desk, 29 August 2016

Coin Desk republished a recent blog by Alexander Hitchcock, Researcher at Reform, on the issue of blockchains and how they can disrupt bureaucracy.

160829 Coin Desk AHit pt 1

“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.