1、Time for trust The trillion-dollar reasons torethinkblockchain October 2020 2 | PwC 2020 | Time for trust Serious activity around blockchain is cutting through everyindustry across the globe right now. Its driven by anacute need to win trust in the digital world. Businessesare rethinking their opera
2、tions and are discovering not only is blockchain technology key to delivering trust, but its an opportunity open to all.” Steve Davies, Partner and Blockchain Leader, PwC UK 3 | PwC 2020 | Time for trust Time for trust In this report PwC explores the impact blockchain technology can have on the glob
3、al economy. We look at how practical, everyday uses are creating an opportunity fororganisations to deliver value by building trust and improving efficiency. Throughout, we present the findings of PwC economists as well as the views and opinions of our global blockchain specialists and industry figu
4、res, looking at how organisations can benefit from blockchain technology and what steps they can take to get started today. Why blockchain is more thanBitcoin Blockchain technology has long been associated with cryptocurrencies such as Bitcoin, but there is so much more that it has to offer. The tec
5、hnology, as well see in this report, creates digital records such as certificates, public registers or agreements which are stored, shared and amended online. Transactions are quickly validated, documented and encrypted for security: from amendments made, to who sent or exchanged them. Theresno need
6、 for a third-party, such as a bank or a regulator, to verify such actions because its a shared process, secured bycryptography. This cuts out intermediaries and puts blockchain in an important position for improving trust, transparency and efficiency across organisations. Blockchain technology has t