The absence of a third party in a process reduces the transaction costs between parties because there is no brokerage fee that needs to be paid for handling the transaction. As such, BCT offers the potential of faster business process execution whilst greatly reducing compliance costs #Thesis #Blockchain #BTC #Qualitative #strategicvalue #thesisproposal

via Francesco Lelli at the following url:

https://ift.tt/3vbsGZQ

This is a small description of the picture: The absence of a third party in a process reduces the transaction costs between parties because there is no brokerage fee that needs to be paid for handling the transaction. As such, BCT offers the potential of faster business process execution whilst greatly reducing compliance costs #Thesis #Blockchain #BTC #Qualitative #strategicvalue #thesisproposal