How Is Blockchain Revolutionising The FinTech Industry? 

Posted By : imarticuslearning on 2022-05-16   17:01:54    India
  The FinTech Industry

Description

How Is Blockchain Revolutionising The FinTech Industry? 

Blockchain: An Overview 

A blockchain is a distributed, digital and permanent ledger that helps record transactions and track assets across the entire network of computer systems present on the blockchain. 

The technology has added a new aspect to the fintech landscape and offered huge possibilities to the industry of fintech by making crucial changes to business enterprises. 

How Is Blockchain Revolutionising The FinTech Industry? 

Undoubtedly, blockchain is the backbone technology that is revamping the FinTech industry. 

Below mentioned are the ways in which blockchain technology is revamping the fintech industry.

  • Creating a digital identity: 

Though banks have a strict KYC check, fraudulent accounts are on a constant hike. Here comes the role of blockchain, where users can manage identity data, share data with others without compromising security, and sign documents digitally. 

  • No third party interferences: 

There are chances for things to go wrong in case of multiple parties' validations. With blockchain technology in place, payments can reach the vendor directly without any halt. 




About Author

imarticuslearning Mumbai India
Imarticus Learning is a technology driven educational institute that has immense expertise in transforming careers across industries such as financial services, analytics and AI, business analysis and core technology.

Related Stories

how to cancel mcafee

2022-07-02 Services
jennifer1

How to cancel McAfee subscription and get a refund? Are you searching to cancel McAfee subscription online and refu ...

Read More

ASTROLOGER & PSYCHIC

2022-07-02 Astrology
MasterSanjayji

 Master Sanjay ji is a renowned Best Astrologer in Australia. He has 25 years of experience behind him, a ...

Read More

Top Digital Marketing

2022-07-02 Business
aeveryinfo9

We are a digital marketing agency capable of delivering the optimal results for your business.Our digital marketing ...

Read More
You Need Login to Comment !