The emergence of blockchain technology has appealed to several industry sectors due to its underlying features of transparency, decentralization, and security. Interestingly, the financial services sector is arguably the most potent use case of this technology as digital currencies or digital assets circulating over a blockchain network opens up several avenues for peer-to-peer payment systems. …
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Despite tremendous technological advancements on a global scale, the legacy banking system largely continues to operate in a very traditional manner. In today’s day and age, as we are exponentially becoming a globalized economy, these traditional methods are impacting businesses as well as individuals across multiple sectors, particularly because of the fact that the need …