Chief Technology Officer of Bitfury Group: Blockchain accelerates e-commerce and reduces trust costs

According to financial sources, John Mercurio, chief technology officer of Bitfury Group, said in an interview that the blockchain technology can accelerate e-commerce by improving supply chain management and smart contracts by affecting e-commerce. For example, blockchain technology can establish new levels of trust and security, seamlessly linking e-commerce processes across parties. Over the next five years, when we apply these new technologies to established processes, there are many changes in business operations. Currently. Blockchain technology is being implemented as a built-in cloud service that is easy to deploy and manage. This shift will enable more companies to use the technology and make its processes transparent to end customers and partners. This will improve business compliance and help enable efficient data exchange across global business services and reduce the cost of auditing and control operations.