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The blockchain also ups the level of auditability.
by subway 9y ago
The blockchain also ups the level of auditability.
- justonepost 9y agoYep! A big deal. You can see the lineage of transactions and actually always know who owns what. Be good for stocks too, which are a total and complete nightmare when it comes to who owns what.
- 52-6F-62 9y agoThis is one of the things that really interests me. It's a tool to boost honesty in traditionally exploitable aspects of business. Hell, with something like that the public might be able to viably reduce financial regulation -- or rather preventative procedural bureaucracy -- because of the ability to trace business transactional practices.