Thoughtworks Insights

Context setting on blockchain

Trust is required to execute transactions, from trading shares to sending money abroad. Intermediaries can profit from this dynamic, in terms of transaction fees and time delays, often at the expense of users. It is all too easy for accounting records of large companies to become convoluted, error prone and subject to fraud and data leaks. Tracking an asset through its supply chain to ensure authenticity and ethicality is nigh on impossible to guarantee.
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