Distributed platform Blockchain to revolutionize transaction processing

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A new digital revolution is about to take place, in the form of Blockchain.

 

[fulltext] =>

According to Laurent Lamothe, president and founder of LSL World Initiative, a new digital revolution is about to take place, in the form of Blockchain. Blockchain is a distributed database that aims to securely record all kinds of transactions around the world. Its benefits in the financial sector are evident, but its potential extends to other arenas, such as verification, tax collection, movement of assets, ownerships, identities and Innovative Financing for Development.

 

This makes it a valuable tool for governments and tax authorities. However, a profound shift needs to occur at the level of the current financial services regulatory framework before Blockchain can be globally adopted.

 

Indeed, this framework implies the existence of a trusted administrator, whereas Blockchain does not. But the tests that have already been carried out in a variety of countries speak in favor of this revolutionary technology.

 

Read the original article. 

 

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A new digital revolution is about to take place, in the form of Blockchain.

 

{K2Splitter}

According to Laurent Lamothe, president and founder of LSL World Initiative, a new digital revolution is about to take place, in the form of Blockchain. Blockchain is a distributed database that aims to securely record all kinds of transactions around the world. Its benefits in the financial sector are evident, but its potential extends to other arenas, such as verification, tax collection, movement of assets, ownerships, identities and Innovative Financing for Development.

 

This makes it a valuable tool for governments and tax authorities. However, a profound shift needs to occur at the level of the current financial services regulatory framework before Blockchain can be globally adopted.

 

Indeed, this framework implies the existence of a trusted administrator, whereas Blockchain does not. But the tests that have already been carried out in a variety of countries speak in favor of this revolutionary technology.

 

Read the original article. 

 

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According to Laurent Lamothe, president and founder of LSL World Initiative, a new digital revolution is about to take place, in the form of Blockchain. Blockchain is a distributed database that aims to securely record all kinds of transactions around the world. Its benefits in the financial sector are evident, but its potential extends to other arenas, such as verification, tax collection, movement of assets, ownerships, identities and Innovative Financing for Development.

 

This makes it a valuable tool for governments and tax authorities. However, a profound shift needs to occur at the level of the current financial services regulatory framework before Blockchain can be globally adopted.

 

Indeed, this framework implies the existence of a trusted administrator, whereas Blockchain does not. But the tests that have already been carried out in a variety of countries speak in favor of this revolutionary technology.

 

Read the original article. 

 

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