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Business Blockchain at scale is three to five years away

In the short-term, blockchain’s strategic business value is mainly in cost reduction in record keeping and transactions. HR is starting on this journey too. The easiest place to start is single-use applications, which minimize risk because they aren’t new and involve little coordination with third parties. Financial services companies are finding that the private blockchain networks they’ve set up with trusted counterparts can significantly reduce transaction costs. But transformative applications are still far away.

Blockchain simplified

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