Since bitcoin’s first appearance and push into the mainstream, numerous discussions have arisen about how bitcoin and other cryptocurrencies will affect the global economy. For example, the central bank of France has recently released a report that highlights ways in which bitcoin is revolutionizing financial transactions within the construction industry.
The report was produced by Bruno Biais, head of economic analysis at the bank, and Cyril Durand. The two researchers found that blockchain-based cryptocurrencies are already impacting the construction industry through intelligent contracts.
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