Break Corruption With Bitcoin’s Backbone
Jan 22, 2018
3 minutes
BY TOMICAH TILLEMANN
Corruption, according to the United Nations, is a $3.6 trillion industry— and business is booming. The U.N. estimates that money stolen or paid in bribes each year now tops 5 percent of global GDP. Fortunately, these abysmal statistics may be poised for a turnaround thanks to a transformational new technology: blockchain.
Originally invented to power digital currencies such as bitcoin, blockchain allows users to transfer assets or anything of value directly
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