Abstract

Abstract Whilst Blockchain has usually been associated with Web3 and cryptocurrencies, that is, Decentralized Finance (DeFi), this technology can be used in countless other areas, such as banking, Central Bank Digital Currencies (cbdc s), healthcare, smart contracts, financial services, supply chain management, insurance, Internet of Things (IoTs), video games …, not much has been written about applying Blockchain technology to the traditional, Banking and Finance industry. This article will focus on how blockchain is or can be applied to the Banking industry, by analyzing a few possible use cases and its benefits, and, more importantly, it will also focus on whether it is worth it for the Banking industry to use it or not.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.