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Isn’t it high time for the banks to adopt Blockchain Technology? | Bitcoin | VARINDIA News Hour
Isn’t it high time for the banks to adopt Blockchain Technology? | Bitcoin | VARINDIA News Hour
#Blockchaintechnology can disrupt traditional banking systems and it is evident that blockchain technology is "transformative" and is experimenting with it both internally and via partnerships with start-ups to use it as it relates to financial services. However, when it comes to blockchain in banking, the efforts have been fairly side-lined. Blockchain technology in banking revolutionizes the system by building a decentralized database of digital and unique assets. Through a distributed ledger, it becomes easier to transfer the assets through tokens that represent the assets “off-chain”. The benefits of blockchain in banking work around the creation of tokenized security that carries the potential of cutting out the middlemen altogether and lowering the asset exchange fees. The use of blockchain in banking can be seen across a range of processes. Blockchain acts as a decentralized ledger that keeps a track of the transactions transparently and publicly. It means that instead of relying on custodial services, the transactions can be settled in the public blockchain. This is one of the key ways blockchain applications in banking make transactions speedy and simplified.
Blockchain has the potential to allow banks to settle transactions directly and keep better track of them than traditional methods such as SWIFT. A standard bank transfer takes a few days to settle due to the way our financial system was set up. Blockchain in consumer banking opens up the scope of peer-to-peer loans – one of the most investment-friendly fintech sectors. When it comes to transporting money throughout the world, many banks confront logistical hurdles. Moreover, when a consumer has to apply for a loan, the banks evaluate the risk they will have to suffer in case of non-payment. They take this decision by looking at the credit score, ownership status, and the debt-to-By VARINDIA | 34 views
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#isn7 #ram #ayodhya #india #shorts #news #shreeram #hindurashtra #modi #cmyogi #amitshah #jayhind
#isn7 #ram #ayodhya #india #shorts #news #shreeram #hindurashtra #modi #cmyogi #amitshah #jayhindBy Isn7.in | 113 views
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#isn7 #currentaffairs #newsheadlines #hindinews #news #latestnews #biharnews #patna #shorts #viralBy Isn7.in | 7 views
Govt./PSU
Special Briefing on the Visit of President of Maldives to India (August 02, 2022)
Special Briefing on the Visit of President of Maldives to India (August 02, 2022)By Ministry of External Affairs, India | 194468 views
GAIL bringing INDIA together
GAIL India increasing it's capacity and serving all over INDIA.
Watch GAIL bringing INDIA together With HD QualityBy GAIL Social | 727541 views
Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi Party
Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi Party
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Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi PartyBy AAP | 209471 views
Mr Bhupesh Baghel, CM, Chhattisgarh at #FICCIAGM
Mr Bhupesh Baghel, CM, Chhattisgarh in conversation with Dr Jyotsna Suri, Past President, FICCI at #FICCIAGM.
#FICCI #IndianEconomy #Economy #India
Watch Mr Bhupesh Baghel, CM, Chhattisgarh at #FICCIAGM With HD QualityBy FICCI India | 637534 views
Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar"
Address by Shri. Rajeev Gupta, Secretary, Youth Affairs, Ministry of Youth Affairs & Sports, at the "International Yoga Seminar" organized by "Shri Ram Chandra Mission" in April, 2016
Watch Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar" With HD QualityBy Ministry of Youth Affairs | 769300 views
अनूठे "रक्षा -सूत्र " से बांधी डोर विश्वास की
अनूठे "रक्षा -सूत्र " से बांधी डोर विश्वास की
Watch अनूठे "रक्षा -सूत्र " से बांधी डोर विश्वास की With HD QualityBy P P Chaudhary | 3795494 views
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आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25
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आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25
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आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25By PunjabKesari TV | 372 views
Bikaner News | लोकसभा चुनाव को लेकर कांग्रेस की तैयारी, कार्यकर्ताओ से पार्टी प्रभारी ने की चर्चा
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Bikaner News | लोकसभा चुनाव को लेकर कांग्रेस की तैयारी, कार्यकर्ताओ से पार्टी प्रभारी ने की चर्चाBy JANTV RAJASTHAN | 584 views
Manali Himachal Pradesh | टूरिज्म इंडस्ट्री में खुशी,जन-जीवन अस्त-व्यस्त, मनाली में भारी बर्फवारी
#manali #himachalpradeshnews #tourism #industry #disrupted #heavysnowfall #latestnews #breakingnews #news
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Manali Himachal Pradesh | टूरिज्म इंडस्ट्री में खुशी,जन-जीवन अस्त-व्यस्त, मनाली में भारी बर्फवारीBy JANTV RAJASTHAN | 424 views