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Blockchain and Smart Contracts in a Business Process

February 1, 2018

Via: InfoQ

Buying something through an internet portal, for example something as expensive as a car, normally involves two parties who don’t trust each other; a buyer and a seller. The portal is just a broker so either the buyer must transfer money before getting the ordered item, or the seller must send the item before getting the money.

To overcome this lack of mutual trust, Bernd Rücker claims that a blockchain can be used.

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