Blockchain As Both A Preventer And Perpetrator Of Fraud
Of all the purported benefits of blockchain, iron-clad security may be the most lauded, with much of the proliferation of blockchain experimentation being fueled by corporates’ and governments’ efforts to safeguard systems and processes.
But blockchain is often linked to instances of suspected and actual fraud, making the distributed ledger technology (DLT) market a double-edged sword that has the power to both prevent and perpetrate fraud.
This week’s Blockchain Tracker takes a look at some of the latest initiatives that deploy blockchain infrastructure in an effort to address fraud — as well as some of the most recent cases in which blockchain was linked to instances of fraud.
