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The blockchain is still in its infancy. There is still a need for more regulation and many other questions that need to be resolved before widespread adoption.
"What blockchain does is trust in the ledger, trust in transactions … it does not eliminate the need for trust, you have to trust the blockchain, you have to trust that the whole system is trustworthy and trustworthy. law, regulation and governance ", says Kevin Werbach, professor of legal studies and business ethics at the Wharton School.
According to Professor Werbach these problems of trust will take many years to be solved. "We are still quite early: the basic questions about technical maturity of technology are still uncertain in terms of scalability, the user experience on most of these systems is still quite low and all these legal and regulatory issues I'm still very early. "
Look at the full interview and how Professor Werbach believes that the new blockchain technology can have a big impact on big oil.
