Sandy and her team at Franklin Templeton delve into the benefits of blockchain technology such as transparency, accuracy, and reduced delays in transactions. The adoption of blockchain results in fewer errors and enhanced confidence in transaction records, showcasing a notable progression in financial ledger technology.
The costs of the paper check system – both in time and money – have been with us for centuries. But there’s a new technology called blockchain that looks as though it could provide a solution, with an online ledger that’s universally accessible and completely transparent. Blockchain also can't be hacked or altered and costs next to nothing. That may sound too good to be true, but a look back at how the paper check system was improved by the rise of digital money demonstrates that what sounds like a revolution today is often commonplace tomorrow. And blockchain may be the key to unlocking the future of money.
This episode is sponsored by Coinbase.
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