French Hill: “Business is going to be moving, not exclusively and not…”

“And both of us have been connected now for essentially all of the last Congress and this Congress on putting forward the kind of regulatory framework that we need for innovation in the future for digital assets. Business is going to be moving, not exclusively and not instantly, to writing applications for blockchains. and that blockchains will be able to be used to lower cost, increase accuracy, reduce fraud in various applications. I was in Saudi Arabia last summer and Saudi Aramco, a very small company headquartered there, has put their accounts receivable.” (01:15–01:24)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.