Chapter Twenty-One: Financial system☆
Shubhani Aggarwal; Neeraj Kumar Thapar Institute of Engineering & Technology, Patiala, Punjab, India
Abstract
The financial system is one of the most useful applications of blockchain technology in the banking sector. All the involved parties such as complex transactions can be on-boarded on a blockchain and the information can be shared by exporters, importers, and banks on one common distributed ledger. This ledger can store facts like, who owns a particular piece of land or any information transfer on the network. This technology offers transparency and verifiable financial transaction with ease. With blockchain in the financial industry, individuals, and banks can access their transactions and ...
