IBM Senior Consultant: Blockchain Technology is the foundation of Business 5.0

According to BeInCrypto, John Straw, senior consultant of the IBM Internet of Things (IoT), said at an event that although blockchain technology enables people to become their own bank and retain full control over their finances, it also makes the transaction " It is invisible to tax officials." Therefore, the taxation of traditional financial services is unlikely to simply correspond to blockchain-based services. He pointed out that blockchain technology is "the basis of commercial 5.0" because it has the advantages of completing transactions in a few minutes, automatic remittance, no hosting and low cost.