Four Blockchain Use Cases For Banks

Ticker

1 BTC = $61062.44 USD  (via Coinbase)
1 ETH = $3993.83 USD  (via Coinbase)
1 LTC = $193.03 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

With contributions from BNY Mellon and Rabobank, FinTech Network have composed a whitepaper that outlines Four Blockchain Use Cases for Banks. The paper highlights areas where distributed ledger technology could disrupt the way that financial institutions currently do business including:

  • Fraud Protection: How blockchain offers complete transparency on all asset transfers helping to enable real-time fraud analysis and prevention
  • Know Your Customer: How KYC statements can be stored on the blockchain to reduce admin burdens and costs whilst outlining the concerns that still need to be addressed
  • Trading Platforms: How the immutability and digital uniqueness inherent in blockchain offers the ability to provide a secure transfer of value that could eradicate numerous challenges that currently face trade finance
  • Payments: How this technology could help to modernise payments and address some of the safety and security concerns that are still pertinent following the 2008 financial crash

To review the whitepaper, go to http://bit.ly/UseCasesBlockchain

This is a sponsored story.

Featured image from Shutterstock.

1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $61062.44 USD  (via Coinbase)
1 ETH = $3993.83 USD  (via Coinbase)
1 LTC = $193.03 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

Leave a Reply