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Why Blockchain Will Fundamentally Change Corporate Finance

Abstract: 
- This article covers blockchain. Blockchain technology is what is used to manage Bitcion. It is the aspect of Bitcoin that assures people their money is secure without needing to reveal any personal information about themselves. - This article talks about the use of blockchain technology in corporate finance. It explains that with the use of blockchain, authorized members are allowed to track their transactions without needing a third party to verify the transactions. The article explains the different avenues available for blockchain applications which is extremely interesting and relevant given how blockchain technology is expanding. - As it expands, people are finding ways of incorporating it in various industries. The article explains how this technology has the ability to change companies business models by making it substantially more cost effective. The article states the other benefits of implementing blockchain technology for the respective organizations. Key Words: blockchain, finance, verify, technology, business
Author: 
MARGARET HARRIST
Institution: 
Wall Street Journal
Year: 
2018
Input By: 
Ahilya Mehta
Affiliation: 
Student
Domains-Issue Area: 
Dimensions-Problem/Solution: 
Industry Focus: 
Internet & Cyberspace
Datatype(s): 
Organizations