How Banking System get distruped by Blockchain ?
Blockchain technology is creating hype from the day of its invention and it has gained a lot more attention in recent years . Because of its transparency and flexibility nature, blockchain is being adopted in many industries for its growth and development. Then how Banking sector will alone be in an exception ? There are thousands and thousands of transactions and funds across various regions , which shows that the Banking sector is also one which is predominantly used by the people. This increases the challenges in Banking and use of blockchain can resolve some of its challenges. Now , let us discuss about the impacts of blockchain in banking sectors and how blockchain helps to rebuild the present banking sector. Major Challenges in Banking Markets : The major challenges that banking sector faces in recent days involves the following : 1 . Continous Monitoring : As the world is becoming digital , every transactions and payments are becoming digitalized and this increa...