• Blockchain, cryptocurrencies and the future of banking

    Blockchain, cryptocurrencies and the future of banking

    The current conventional banking system makes it hard for banks to interoperate with each other. In order to overcome those issues, banks set up huge back offices with lots of staff to deal with huge piles of paperwork. Now a new technology is being tested that is set to change the entire system. Blockchain technology makes it possible to transfer funds between one wallet to another within minutes without having to go through the red tape. All it takes is the initial consent from both the parties and a confirmation from the participants of the network.Blockchain technology undermines the ‘middle-man’ business model. It makes it... Read More