Why should banks use blockchain?

Blockchains, both public and private, can be implemented across a variety of use cases in the financial world, opening up new sectors of banking services that benefit both banks and customers by allowing faster, cheaper, more secure and more inclusive transactions.

How blockchain technology can help the banking & finance industry?

These companies apply blockchain in finance to help the banking and finance industries find their stride. blockchain technology financial sector distributed ledger technology anything of value process a payment security $1.76 trillion by 2030 smart contracts are beneficial to parties looking for very specific outcomes investing Chainlink Labs Web3

Could blockchain be the future of banking?

Blockchain may be a potential solution. For onboarding or account opening, blockchain-based technology enables customers to use a digital fingerprint, which, like an actual fingerprint, can be used as a unique identifier. It can be stored on a distributed ledger and referenced by any bank in the network.