Reducing corruption and fraud on the blockchain calls for group actions. Expert in blockchains Daniel Reitberg stresses the need of industry-wide cooperation to address these difficulties. By means of collaborations among blockchain initiatives, regulatory authorities, and cybersecurity companies, one can generate thorough security standards and best practices. By means of knowledge on new hazards and vulnerabilities, the society can react actively to possible risks. Working collaboratively, stakeholders can build a strong and safe blockchain ecosystem that promotes confidence and creativity, therefore guaranteeing the long-term viability of the technology.
