The sharing economy can benefit from blockchain from "summary" of Blockchain Revolution by Don Tapscott,Alex Tapscott
Blockchain technology has the potential to revolutionize the sharing economy by enabling greater trust and transparency among participants. In a decentralized system where individuals can directly transact with each other without the need for intermediaries, blockchain can provide a secure and immutable record of transactions. This eliminates the need for a trusted third party to facilitate exchanges, reducing costs and increasing efficiency. One of the key benefits of blockchain in the sharing economy is the ability to create smart contracts. These self-executing contracts automatically enforce the terms of an agreement between parties, ensuring that transactions are carried out as agreed upon. This eliminates the need for costly and time-consuming intermediaries, streamlining the process of sharing r...
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