How Blockchain Networks Plan To Interact With The Global Economy

Written by Cryptonite | Published 2020/06/28
Tech Story Tags: blockchain | cryptocurrency | iot | internet-of-things | technology | supply-chain-management | blockchain-top-story | latest-tech-stories | web-monetization

TLDR Global GDP rose by 2.2% in 2019, the slowest since the financial crisis of 2008 - 2009. The World Trade Organization believes that new technology can help to reduce trade global trade costs, allowing for increased global economic growth. We can expect to see an increase in efficiency, reduction of costs, and reduction of barriers to entry. However, this wouldn't be without its challenges, which is due to strict data privacy regulations in Europe, regulations that could make it different for companies to exchange data.via the TL;DR App

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Written by Cryptonite | Cryptocurrency & Tech Writer.
Published by HackerNoon on 2020/06/28