Blockchain Technology Digitises Financial Services [extract]

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Blockchain Technology Digitises Financial Services

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The Digital Revolution has radically altered people’s lifestyles and ways of communicating and acting, with significant impacts on all productive sectors including the use of Blockchain in the Financial Sector.

Blockchain is a decentralised ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority.

Potential applications can include enterprise Blockchain applications, sustainability, tokenisation, fund transfers, supply chain tracking and many other areas.

Blockchain Technology

Blockchain-enabled business models will present a seismic shift to how business is conducted in the future. Its impact on commerce will be game-changing, especially given the increasingly digital global economy and the decentralisation of business models and stakeholders enabled by Blockchain. In this direction, a new dimension of innovation awaits.

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(Full article length: 2,285 words)

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