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What Decentralized Credit Means for Emerging Markets w/ Thomas Bohner

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Efficiency and Errors in Financial Services Industry

In the financial services industry, especially in private credit transactions, manual intervention often leads to errors and inefficiencies. With multiple parties running different processes in silos, reconciliation of data and settlements can take up to a week. Smart contracts eliminate these inefficiencies by automating the process, ensuring real-time settlement and data processing without the possibility of disputes. This automation results in a significant increase in efficiency in the industry.

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