How Blockchain Can Help Solve Global Regulatory Challenges: Analysis

In today’s world, talk abounds about the ever-increasing regulatory hurdles every modern global industry now faces.

The way to address any risk is to impose more and more regulations on an industry to ensure the sins of the past are not repeated, and politicians can best show the electorate concrete steps in legislation they have developed to prevent future disasters.  

The issue currently facing businesses is the ever-increasing burden of regulations responsible for driving up costs.

The Commerce Department’s Bureau of Economic Analysis has determined regulatory costs of $1.9 tln amounting to 10 percent of the US gross domestic product, which was estimated for 2016 at more than $18.8 tln.

Full story at http://bit.ly/2hYU3pm

Source: CoinTelegraph

 

 

 

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