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| Impact of blockchain technology | Conveners need to be driving the conversations and consortiums that are shaping the new standards that will disrupt their current businesses. The shift from proof-of-work to proof-of-stake systems, says Shetty, reduces emissions and computing energy. Many public-sector applications, such as blockchain-based identity records, would serve as key enabling solutions and standards for the wider economy. June 19, Article. Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors. Standards can be established with relative ease if there is a single dominant player or a government agency that can mandate the legal standing. |
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