Blockchain is changing the financial world and the new features are becoming the standard of the sector

  • ROBOT GENERATED
  • June 24, 2019
  • Comments Off on Blockchain is changing the financial world and the new features are becoming the standard of the sector

AUTOMATED NEWS ALERT

 

According to the author of the article “the blockchain is a unique distributed record that stores the data and verifies its integrity. By using a different set of cryptography based technologies, Blockchain promises that transaction continued into the blockchain database which is stable.” Selfgrowth.com
 
One particular business founded on blockchain technology is the virtual coin or the cryptocurreny. But Fintechs and mobile payment companies are using blockchain more an more.

 

  “Fintech on Blockchain is fast disrupting the financial industry. The speed and scale of this disruption will mainly depend on the adoption of the new economy by the users. People have spoken, everyone is tired of black boxes, we want to be the ones to determine how much we pay for the transfer of information and finances between us.” Gerald Fenech, Forbes  

Blockchain tech is allowing cheap money/asset/information transfers with the participation of several intermediaries through multi-layer systems a breakthrough tech that is revolutionising the banking and financial sector.

According to Irina Berkon, CFO of Platio, a fintech company operating in the sector: “The future is in blockchainization and tokenization of the finance industry. Blockchain is the most convenient environment in which AML regulation can be applied. All transactions have trusted track records. The wide spread of blockchain in the finance industry results in self-regulation of the financial system and the best option for further development”

*This Automated News Alert is brought to you by DIGITAL BUSINESS JOURNAL™ alongside top analyses on digital business sector. We are scanning large amounts of data from various business sources and select the most relevant headlines providing the reader with a comprehensive & updated outlook.