28-09-2020, 05:28 PM
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Verified Member
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Join Date: Aug 2020
Posts: 27
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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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