How Blockchain is transforming major Industries in the world?

Blockchain Technology has started reshaping the Banking Industry. Blockchain can solve a lot of problems faced by Banks and financial organizations nowadays. Blockchain Technology provides a high-level of safety in storing and transmitting the data with a low cost of operations. Moreover, Blockchain makes it possible to limit the timeframes like the time taken for the approval of cash, loans, transactions, etc.

For now, 69% of Banking organizations are experimenting on this. While 90% of American Banks and European Banks are planning to invest in blockchain since they estimate Blockchain Technology could save them a total of $8-12 billion annually. Therefore, large Banks are increasingly conducting tests of decentralized asset technology and implementing Blockchain Technology in their processes.

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