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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-
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धर्म का बढ़ावा रहा -धोखे से भरा हुआ...' Suryakant Tripathi Nirala | Atul Sinha | #dblive
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Budget में दिखा PM Modi का डर | Nirmala Sitharaman | Rahul Gandhi | Nitish Kumar | Bihar | Delhi
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Budget में दिखा PM Modi का डर | Nirmala Sitharaman | Rahul Gandhi | Nitish Kumar | Bihar | Delhi
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Rahul Gandhi public meeting at Sadar Bazar | Delhi Election 2025 | Congress | BJP | AAP | #dblive
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Rahul Gandhi public meeting at Sadar Bazar | Delhi Election 2025 | Congress | BJP | AAP | #dblive
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चांदनी चौक में प्रियंका गाँधी की जनसभा | Priyanka Gandhi Public Meeting in Chandni Chowk | #dblive
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चांदनी चौक में प्रियंका गाँधी की जनसभा | Priyanka Gandhi Public Meeting in Chandni Chowk | #dblive
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Sanjay Singh की बड़ी Press Conference, कर दिया बड़ा खुलासा | Sanjay Singh News | AAP PC LIVE #dblive
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Sanjay Singh की बड़ी Press Conference, कर दिया बड़ा खुलासा | Sanjay Singh News | AAP PC LIVE #dblive
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Budget पेश होते ही भारी बवाल..| सरकार को बचाने का चुनावी बजट | Nirmala Sitharaman | PM Modi |#dblive
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Budget पेश होते ही भारी बवाल..| सरकार को बचाने का चुनावी बजट | Nirmala Sitharaman | PM Modi |#dblive
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Jaane Anjane Hum Mile | Bharat Ahlawat Talks About His Character In The show
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Jaane Anjane Hum Mile | Bharat Ahlawat Talks About His Character In The show
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Bigg Boss 18 LIVE: Girls And Boys Hostel Task, Vivian-Eisha, Avinash-Alice Ki Jodi
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Bigg Boss 18 LIVE: Girls And Boys Hostel Task, Vivian-Eisha, Avinash-Alice Ki Jodi
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Yeh Rishta Kya Kehlata | BSP Ke Sath Sukoon Se Soyi Abhira Aur Armaan Ki Masti
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Yeh Rishta Kya Kehlata | BSP Ke Sath Sukoon Se Soyi Abhira Aur Armaan Ki Masti
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Yeh Rishta Kya Kehlata | Ruhi Hui Bekaabu, Abhira Se Cheena Baccha
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Yeh Rishta Kya Kehlata | Ruhi Hui Bekaabu, Abhira Se Cheena Baccha
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Bigg Boss 18 LIVE: Vivian Ka Breakfast Janbuzkar Kha Gaya Digvijay
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Bigg Boss 18 LIVE: Vivian Ka Breakfast Janbuzkar Kha Gaya Digvijay
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Bhagya Lakshmi | On Location | Naman Ne Anushka Ko Kiya Blackmail #bhagyalakshmi
Cameraman: Anil Vishwakarma
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Bhagya Lakshmi | On Location | Naman Ne Anushka Ko Kiya Blackmail
Entertainment video | 387 views