Blockchain technology in finance

blockchain technology in finance

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Blockchain enables the creation of procedure, their profile will be clients to provide many documents decisions on loan approvals.

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  • blockchain technology in finance
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    calendar_month 09.04.2021
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    calendar_month 16.04.2021
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However, usage-based insurance UBI , which is based on telematics, proves to be a cutting-edge and successful method for insuring vehicles. Because all transactions are recorded on a public ledger that is, kept online and accessible to the public, this system adheres to the principle of transparency. As a result, there is no longer any need for intermediaries like clearing houses and correspondent banks. Because executing a transaction can often take days, there are additional charges, and there is a lack of security, our payment system is rife with issues and needs to be overhauled.