Benefits of Blockchain Technology in the Financial Sector?
 

Since blockchain has its usage in cross-border remittances, KYC, trade finances, and digital currency, it has raised the standards by bringing an exponential change in the banking and financial sectors.

• Eliminating the Intermediaries
• Efficiency
• Resolving identity theft issue
• KYC (Know Your Customer)
• Trade Finance
• Consortium-Accounts Monitoring

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