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The Future of Blockchain: 7 Surprising Use Cases
With the decentralization ledger for payments, blockchain can provide faster payments and lower fees than banks. Blockchain affects clearance and settlement. Blockchain in Payments - Blockchain Payment Systems are basically a method of making payments with the help of blockchain technology. Blockchain's ledger technology has the ability to quickly and cost-effectively process banking payments, act as an anti-money laundering monitoring tool and.

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So, we outsource the shares to custodian banks for safekeeping. Further, through smart contracts, tokenized securities can work as programmable equity � paying out dividends or performing stock buybacks through a couple of lines of code. It will store a unique code called a hash which enables it to classify each unit of information.