What is Blockchain Technology in Banking

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What is Blockchain Technology in Banking?
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The working of Blockchain development services is
based upon cryptographic, mathematical, and
economic principles to keep a database between
different users without the need for an
intermediary or central authority. A secured
distributed database that is tamper- evident to
verify the transactions validity by parties
involved in that transaction. Every group of
these transactions is known as a block that
records all the current transactions and also
stores them.
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How does Blockchain Work in Banking?
Settlement and Clearance Systems
Payments Fundraising Loans and credits
Securities Trade Finance
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Blockchain in the Banking Industry
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