That's a big question.
There are two things to consider in connection with fraud. First of all, there is the technology itself. Blockchain technology is one of the safest and efficient on the market because of its characteristics. The other witnesses before me have spoke about concepts like cryptography, data integrity, transparency and traceability. Those are the key features of blockchain. To give you an example, Bitcoin has never been counterfeited since its first appearance in 2008.
Unfortunately, in most instances, it's the use of the technology by individuals that will lead to fraud. That means that it's both extremely difficult and very easy to answer your question. The use of the technology by individuals has to be within a framework. My colleague mentioned earlier that it was important to invest in platforms. I agree with him, but the platforms also require a structure, because some people, some human beings, can hide behind them.
Blockchain technology eliminates some of the intermediaries, but also introduces new ones. Like any technology, blockchain is used in a world in which some individuals will misuse them, And that, unfortunately for the fierce advocates who have developed these technologies, will require protection for consumers.
In short, the strengths of the technology's characteristics need to be distinguished from its use by people who use it incorrectly and commit fraud. These people have to be dealt with.
Thank you.