Blockchain technology is used in multiple applications across multiple sectors from NFT marketplaces to cryptocurrency and music royalties tracking.
This series of blog posts by CONFIRM PhD student Mateen Ashraf has been curated to educate and inform you about blockchain technology, how it works and how it is used in banking and finance.
Scroll down to read content which explains blockchain in banking.
Click here to find out more about the basics of blockchain!
Mateen Ashraf, University of Limerick
Benefits of Blockchain in the Banking Sector
Benefits of Blockchain in the Banking Sector Blockchain technology is slowly but surely making its way into the banking and financial services industry. It also
Blockchain within Payments
Blockchain within Payments Blockchain technology allows banks to store, access and update data in a secure digital ledger. This makes it easier for multiple parties
Clearing and Settlement using Blockchain
Clearing and Settlement using Blockchain Bank transfers usually take about 3 days to process. A period of time that barely corresponds to the current pace
Blockchain for Loans
Blockchain for Loans Traditionally, when a customer applies for a bank loan, the institution guarantees it based on the credit reporting system. The risk associated
Blockchain in Trade Finance
Blockchain in Trade Finance Trade finance includes everything related to domestic and international trade and commerce. Banks usually act as intermediaries and make these transactions
