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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| 92 views
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| 92 views
Isn7.in
Copy of holi wishes 2023 #isn7 #hindinews #live
holi wishes 2023
Copy of holi wishes 2023 #isn7 #hindinews #liveBy Isn7.in| 46 views
कावरियो का मनमोहक डांस देखे bhole dance
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कावरियो का मनमोहक डांस देखे bhole danceBy Isn7.in| 29 views
Govt./PSU
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| 733216 views
Robotic Process Automation is transforming businesses across the world
Robotic Process Automation enables users to create software robots, or #Bots, that can observe, mimic & execute repetitive, time consuming #Digital #business processes by studying human actions.
Watch the video to know how RPA is transforming #businesses.
#ArtificialIntelligence
Robotic Process Automation is transforming businesses across the worldBy CII| 209180 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| 770269 views
Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.
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Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.By Bharatiya Janata Party Delhi| 75433 views
India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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India observes Independence Day with patriotic fervourBy PMOfficeIndia| 255243 views
My interview with Jan Man India
Here is my interview with Shri Sudhir Raval on Jan Man India Channel.
Watch My interview with Jan Man India With HD QualityBy Mansukh Mandaviya| 820662 views
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Delhi-NCR Rain : नोएडा, गुरुग्राम और फरीदाबाद में भारी बारिश से सड़कें लबालब, अंडरपास में पानी भरने से आवाजाही बाधित
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Assam | दो हजार करोड़ की लागत से बना गुवाहाटी हवाई अड्डे का नया टर्मिनल,अप्रैल 2025 में खुलेगा
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Assam | दो हजार करोड़ की लागत से बना गुवाहाटी हवाई अड्डे का नया टर्मिनल,अप्रैल 2025 में खुलेगाBy JANTV RAJASTHAN| 1792 views
Hemant Soren Bail News: हेमंत सोरेन को Jharkhand High Court से मिली बड़ी राहत, मंजूर हुई जमानत
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जमीन घोटाला मामले में मिली जमानत
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Hemant Soren Bail News: हेमंत सोरेन को Jharkhand High Court से मिली बड़ी राहत, मंजूर हुई जमानतBy PunjabKesari TV| 7139 views
CM पद को लेकर महाराष्ट्र में भिड़े BJP-Eknath Shinde और Ajit Pawar, टूटेगा NDA | PM modi | #dblive
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Rahul Gandhi On Neet: ‘सदन में पहले हो NEET पर चर्चा’ | Parliament Session | Congress | Paper Leak
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Rahul Gandhi On Neet: ‘सदन में पहले हो NEET पर चर्चा’ | Parliament Session | Congress | Paper LeakBy PunjabKesari TV| 1760 views