How blockchain technology is changing the security landscape in the banking sector

Blockchain, the technology that’s used in the popular cryptocurrency ‘Bitcoin’, is revolutionary in many ways. It addresses multiple challenges associated with digital transactions, such as double spending and currency reproduction.

Employing blockchain also reduces the cost of online transactions while simultaneously increasing authenticity and security. The upshot is that the need for payment processors, custodians, and reconciliation bodies is eliminated. These benefits are amongst the prime reasons why the technology is being extensively deployed within the banking sector…Read more