Enter blockchain technology, which has the ability to eliminate nonvisible frictions in global company, save money, and time while also minimizing risk and enabling new business models. Early adopter companies have been collaborating with partners — and even competitors — to improve shared processes.

They know that blockchain adds a level of confidence to both participants and data provided as they continue to work in unconventional ways. Dealing with customs procedures, cross-border payments, or service contracts are examples of this.