In continuation to what is Blockchain technology: a complete beginners guide, Lisa Short talks about the threats and opportunities that blockchain has to offer to the financial sector.
Leveraging blockchain technology benefits financial sectors in terms of reducing their costs, enhancing transparency for their processes and increasing their efficiency by saving time.
Blockchain technology also makes the transactions more secure with improved traceability for each transaction increasing trust factor for the customers. It is also promoting intercountry trading because it is easier and extremely cost-effective in digital transactions.
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