Blockchain technology is gradually but assuredly making its way to the banking and financial services industry and is capable of changing the overall security of the banking sector. From remittances to securities trading to cross-border payments, blockchain technology is designed to impact how global transactions are implemented, and digital assets are kept secure.
Blockchain technology will change the future of the banking system in many ways. For instance, growing security, reducing fraud, human error, and charges for banks and clients, accelerating international transfers, potentially eradicating brokers and commissions, simplifying lending for lenders and borrowers, and through various use cases.
Deepak Thapliyal is the CEO of Chain, a blockchain-based technology company to enable a smarter and more linked economy. They form cryptographic ledgers and cloud infrastructure that strengthen transformative financial products and Web3 services. Founded in 2014, Chain has raised above $40 million in financing from Khosla Ventures, Pantera Capital, Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa. In 2018, Chain was acquired by Stellar to form Interstellar, a commercial arm of the Stellar Foundation. However, in 2020, Chain was re-acquired to continue its mission to form a more healthy global financial system through blockchain and cloud technology.
Continue reading: https://wwd.com/business-news/business-features/deepak-thapliyal-banking-blockchain-1235381247/
Blockchain technology will change the future of the banking system in many ways. For instance, growing security, reducing fraud, human error, and charges for banks and clients, accelerating international transfers, potentially eradicating brokers and commissions, simplifying lending for lenders and borrowers, and through various use cases.
Deepak Thapliyal is the CEO of Chain, a blockchain-based technology company to enable a smarter and more linked economy. They form cryptographic ledgers and cloud infrastructure that strengthen transformative financial products and Web3 services. Founded in 2014, Chain has raised above $40 million in financing from Khosla Ventures, Pantera Capital, Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa. In 2018, Chain was acquired by Stellar to form Interstellar, a commercial arm of the Stellar Foundation. However, in 2020, Chain was re-acquired to continue its mission to form a more healthy global financial system through blockchain and cloud technology.
Continue reading: https://wwd.com/business-news/business-features/deepak-thapliyal-banking-blockchain-1235381247/
