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8 December 20201 minute read

Blockchain: Background, challenges and legal issues

Blockchain and distributed ledger technology offers significant and scalable processing power, high accuracy rates, and apparently unbreakable security at a significantly reduced cost compared to the traditional systems the technology could replace, such as settlement, trading or accounting systems. Like all new technology, however, it poses challenges for suppliers and customers. So what are the key issues in relation to blockchain and distributed ledger technology?

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