People used to routinely ask R. L. Shankar to explain blockchain technology. But, because of the pandemic, they’re increasingly aware of its benefits.
“The COVID-19 crisis has put the spotlight on the relevance of blockchain,”said Shankar, an assistant professor of banking and finance at Case Western Reserve University Weatherhead School of Management, who teaches a course on both blockchain technology and artificial intelligence.
Blockchain is a secure digital ledger system. All businesses, said Shankar, have at their core a series of contracts—with customers, vendors and suppliers. And blockchain makes verifying those contracts easier and cheaper.
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