Blockchain is the ingenious, decentralised complex invention that has taken over the financial world. The Economist (2015) has suggested that Blockchain is “a mundane process that has the potential to transform how people and businesses cooperate.” It is inevitable that with any new technology comes an array of threats. Organisations can be reluctant to change, especially in highly regulated industries such as finance, banking, and governance. However, Blockchain has been introduced to speed up the process automation, evolving the way businesses operate and making cross-border business more efficient.
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