Blockchain Technology for Finance, Trade Finance and Banking
Blockchain technology will help to revolutionise most, if not all, industries worldwide once it is implemented on a wide scale. Trade finance, banking and general financial services are ripe for disruption, with blockchain solutions providing security for institutions and trust for consumers. The immutable nature of blockchain technology means there is no scope for fraud at either end of the spectrum, meaning that trust is inherent.
Blockchain solutions for these industries will lead to greater efficiency and transparency, ensuring that companies and individuals will be operating in plain view of everyone. Not only will this hold all parties accountable, it will also improve their reputation as all transactions are recorded and verified.