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Topic: Block chain can empower international trade [NEW] (Read 121 times)

full member
Activity: 504
Merit: 106
So what were the reasons for them to say that cause I’m not seeing any reason and the article didn’t state any good reason. The world has been trading for long without the help of blockchain, so I don’t know why they would need Blockchain this time around.. I know it’s going to benefit some people, but majority won’t be interested in that.
legendary
Activity: 1176
Merit: 1024
It is not a surprise that trading and many other sectors can be really getting more for their buck if they used blockchain systems however this does not mean anything will change any faster. Maybe in austria ? But not in general, as long as there are no discounts on taxes for people who uses blockchain we will not see a fast change of pace on adopting blockchain.

The main reason for this is that yes blockchain can make some business' better however it is currently running as it is so why change something that is already working. However, newer companies start of with blockchain systems which means over the years we will be filled with blockchain systems but not quickly.
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