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Blockchain Technology.edited

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Blockchain technology
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Blockchain technology
The eight main functions were illustrated in chapter three concerning the worldwide
financial services, which are projected to be modified through the help of blockchain in the
future. I decided to select one of the main functions I considered to be of more significance in the
future. Inspection and authenticating of the transactions made in the banks to offer a dais where
the banks and the whole banking sector ensure that it can manage the transactions precisely and
constantly (Laroiya et al., 2020). Additionally, the implication of blockchain technology in the
banking system is also significant since it helps intensify compliance and enables the banks and
the government auditors to have informal access to the blockchain. Applying blockchain
technology to the investment and the contemporary universe is vital in the movement of the
existing technology since it creates a podium where investment corporations can increase the rate
of their bank transactions.
This is the most vital advantage of blockchain technology in the investment corporation's
business. The banks can now perform any transactions in seconds without any complications, as
previously in the ancient banking systems, where the transactions took some days until they were
complete. This is because, in the modern banking system, there will be no need for
intermediaries who will help in the transactions; hence, through the help of blockchain
technology, the trades are completed faster through the systems. As a result, this will enable the
banks, the investment corporations, and the clients to perform and finalize many bank
transactions more quickly within the shortest time possible.
The application of blockchain technology in modern banking systems will be significant
since it will help boost the economy. It plays an essential role in securing the bank information
and the transactions made. This can be illustrated since blockchain has caused the banks'

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1 Blockchain technology Student name Professor Course Date 2 Blockchain technology The eight main functions were illustrated in chapter three concerning the worldwide financial services, which are projected to be modified through the help of blockchain in the future. I decided to select one of the main functions I considered to be of more significance in the future. Inspection and authenticating of the transactions made in the banks to offer a dais where the banks and the whole banking sector ensure that it can manage the transactions precisely and constantly (Laroiya et al., 2020). Additionally, the implication of blockchain technology in the banking system is also significant since it helps intensify compliance and enables the banks and the government auditors to have informal access to the blockchain. Applying blockchain technology to the investment and the contemporary universe is vital in the movement of the existing technology since it creates a podium where investment corporations can increase the rate of their bank transactions. This is the most vital advantage of blockchain technology in the investment corporation's business. The banks can now perform any transactions in seconds without any complications, as previously in the ancient banking systems, where the transactions took some days until they were complete. This is because, in the modern banking system, there will be no need for intermediaries who will help in the transactions; hence, through the help of b ...
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