Although widely known as the technology behind bitcoin and other cryptocurrencies, blockchain has far-reaching potential beyond its role as a cryptocurrency ledger. As a secure and transparent way to digitally track the ownership of assets before, during and after transactions, blockchain looks set to transform the way we verify the authenticity of everything from property titles to fresh produce. Here, financial analyst and professional trader Nikolai Kuznetsov explores how smart contracts, improved security and other benefits of blockchain technology can help small businesses to remain lean and competitive.
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