How Blockchain Can be used in Banking and financial sectors?
“One of the hottest topics of 2020 is how we can use the Blockchain technology in Banking and Financial sectors” People who eagerly wants to know how we can use this technology, first we have to get the brief idea of What is Blockchain Technology? Blockchain Technology: - Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. In simple one sentence, it is defined as a decentralized, distributed ledger that records the provenance of a digital asset. For more:- Blockchain technology in Banking and Financial sectors What are the 3 pillars of Block Chain Technology? · Decentralization: - This technology stores all our information and when transferring money, paying debts, buying items and more. They are the only entit