The Slovenia Times

Blockchain technologies and the future of business


Blockchain technology is now more and more common, also outside the financial sector, and contributes to leaner processes, potentially massive cost reductions and a smoother customer experience. The pioneering technology, known as 'blockchain', not only accelerates processes but also substitutes very complex systems with automated procedures and actions.

Partners in transactions will be communicating very directly and will also be able to entrust their data into a completely decentralised environment. This will create countless opportunities for Slovenian and Austrian companies to work together, while implementing many blockchain-driven solutions into business. In other words, until 2020, the European Commission will set aside more than EUR 300m for projects involving blockchain, forming a substantial financial framework for future cross-border partnership projects between Slovenia and Austria. We hope that such opportunities will link the two economies even closer together.


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