Perhaps the most common point of friction between commercial partners is the effort associated with keeping the books balanced between the two entities, which typically have very different perspectives. This friction is most often addressed using trusted third parties that provide arbitration and occasionally escrow services at no small cost in labor and fees. The most frequently stated application of the blockchain is to establish a shared ledger between trading partners that eliminates this point of friction, but this solution is practical only if the commercial partners make substantial changes. There are several reasons such an application is impractical.
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