What Is Blockchain Technology In Banking

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What Is Blockchain Technology In Banking. But unlike banks it does not have a middleman because it is decentralized. Blockchain disintermediation will affect key banking processes such as client transactions portfolio management and credit processes.

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What exactly is blockchain in the context of banking. Blockchain technology can replace it and do away the need for manual updates thus increasing the efficiency in the system. Backdated to 2008 Blockchain technology is a form of disruptive technology that is bringing changes in operations of the businesses especially in the banking industry.

Blockchain technology is a technology that bound trust between the traders or partners.

Blockchain technology can replace it and do away the need for manual updates thus increasing the efficiency in the system. The blockchain will make customers deposits and account balance more transparent secure cheaper and accessible. Transparency and Traceability. The blockchain technology is an open distributed ledger that records transactions between two parties efficiently and permanently.