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A blockchain network may be public and open permissionless like the internet or structuredwithin a private group like an intranet permissioned. Advanced Search. The contracts and overallarrangement will need to be carefully reviewed to ensurecompliance, as required. The reduction of transaction costs, be they financial or administrative, can be particularly decisive for small businesses and start-ups, which often lack substantial financial capital and need to move fast. Finally, the authors argue that regulation and a combination of centralized and decentralized governance are still required to avoid misuse and ensure that the envisaged benefits of blockchain-based SSIs are realized.
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