Correct believe101. Zhenya mentions in the redchip inteview that one of the advantages in using blockchain tech is that everything is publically stored (but encrypted) so if law enforcement (or anyone else authorised) requires to audit (ie accountants, legal etc) or check something, they are simply provided an electronic key. As the system is set up to be automatic it is extremely low cost at scale. Compare that to say Western Union who spend about 25% costs on compliance and admin. So its a lot more efficient. In the research report it does deal with the "well what happens if WU and incumbents move to blockchain" scenario. Due to legacy costs and current operations, estimated would take them till about 2025 to be able to do this feasibly and involve a lot of costs, so gives us ample time to cement any advantage we have.
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Correct believe101. Zhenya mentions in the redchip inteview that...
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