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Each transfer is recorded on each user's computer, creating a foundation of trust based on several identical copies of the ledger. So, by adopting blockchain, banks can eliminate the need for third-party verification and speed up processing times.

Processing and payment system

A decentralized ledger of transactions like blockchain could allow banks to track all transactions openly and transparently. Banks will not need to rely on a network of detention services and regulators like SWIFT. They can simply settle transactions directly on the public blockchain.

Buying and selling properties

Blockchain will revolutionize financial markets by creating a digital decentralized database. Cutting out middlemen reduces asset exchange fees and speeds up processing.

Fundraising

Blockchain fundraising methods have a number of advantages over traditional methods such as: speed, globality, flexibility, security, sharding, legitimacy, reputation, removal of third parties, etc. . There are several blockchain fundraising options available today: Initial Exchange Offerings (IEOs), Equity Token Offerings (ETO), and Security Token Offerings (STOs). And STO is currently the most popular choice because it is legally protected.

Credits and loans

Provides a safer, more efficient and cheaper way to process loan requests. Because all the information provided by specialized credit bureaus for risk assessment does not need to be centralized in one system, the disclosure of information is limited.

Trade finance activities

Trade finance will streamline the transaction process by eliminating time-consuming manual processes, complex administrative paperwork with information integrated into digital and up-to-date documents continuously in real time and accessible to all members of the system.

Identity verification

Users and companies will benefit from quick verification processes. Because blockchain helps to securely reuse identity verification for other services. Users will only need to register their identities on the blockchain once and can choose how to authenticate themselves and share their identities. All processes on the blockchain are secure.

Accounting and auditing

Experts believe that blockchain will simplify compliance and streamline traditional dual accounting systems. It will act as a digital notary verifying all transactions and be used in those applications to automatically pay bills.

Hedge Fund

Is a type of investment cooperation to maximize investors' profits and minimize risks. Blockchain is potentially an in-house solution for tracking investors and ownership without relying on fund administrators. No more worrying about large amounts of information on paper, investors can securely check their investments whenever they want in real time.

Peer-to-Peer (P2P) Payments

Helps decentralize applications for global P2P transfers. Your transactions will happen in real time and you can save on commissions instead of other P2P transfer services.
Last modified 7mo ago