Entire industries are reshaped with the implementation of blockchain due to its promise to enable trust, provide transparency and reduce friction across as well as lowering costs and improving cash flow. Currently, financial institutions, governments and many other institutions have a centralized trust model that adds delays and friction costs to its transactions. Consumers are warmly welcoming blockchain and its ability to provide an alternative trust model and removing the need for central authorities in monitoring transactions.
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Presented by:
Varun Ebenezer, VP Senior IT Audit, BMO