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Blockchain & Indirect Tax

  • GL
  • September 11th 2019
  • By Michael Taylor
With blockchain, business can be done quicker and more securely; better and more accurate business records are created.

Blockchain is everywhere. In a series of articles, the first of which is attached here, we will discuss the potential impact and benefits of this rapidly emerging technology.

Over the past few years stories about cryptocurrencies, the millionaires they have made, and their volatility have been inescapable. Bitcoin, though, is only the thin end of the wedge.

Blockchain is the technology on which Bitcoin and other cryptocurrencies operate: a massive database of transaction records – called “blocks” – linked together and time-stamped using highly secure cryptography.

“Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”

Marc Kenigsberg, founder of Bitcoin Chaser

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