Implementations Of Blockchain Technology Soon To Become Commonplace.

Traceable global currency in combination with an effective infrastructure will not only lead to a significant reduction in costs for all market participants, but will also cause a mind-blowing change in global banking infrastructure. Let’s see what’s already going on:

• Blockchain is accepted by central banks in more than 20 countries, and crypto-currencies are widely used for banking operations.
• Nasdaq has launched distributed ledger technology with blocking technology, which will be used to expand the capital management capabilities offered by the Nasdaq Private Market platform.
• Accounting for transactions in currency, capital and fixed income almost instantly through authorized distributed registers creates a significant opportunity for banks to increase efficiency and potentially create new asset classes.Advantages of the blockchain
• New technologies, such as blockchain, can reduce cyber risks by offering legitimizing the authenticity through a visible book.
• There is no reason why the requirements for labeling, maintaining and indexing records, transfer of information provided in records, can’t be performed using the electronic transaction accounting system.
• Car rental agencies can use smart contracts that automatically allow a lease when the payments received and insurance information are confirmed through a blockchain record.
• A refrigerator equipped with sensors and connected to the Internet can use a block to control automatic interaction with the outside world – anything from ordering and paying for food to organizing your own software updates and tracking its guarantee.

• Small businesses can use blockchain to create trusted trading platforms among themselves.
• Blockchain can potentially help improve the reliability and transparency of the trade.
• The bank can instantly pay for services via the Internet.
• Blockchain technology will change the timing of the risk.
• The software can help faster and cheaper to track criminals.
• Blockchain can replace central banks.
• Real risks remain for banks that prefer to participate in crypto-currency firms.
• The number of applications in banks and beyond can be reduced, since the Blockchain transaction contains all relevant information for the successful transfer of assets and / or related contracts.

Ethereum is a more interesting crypto currency for the banking segment than bitcoin, and mobile airtime is the most democratic type of block technology for the broad masses

• Banks can become “custodians of cryptographic keys”.
• The block chain can save creditors up to $ 20 billion a year in the settlement.
• Blockchain technology can be used to completely bypass the modern centralized financial infrastructure.

• Blockchain has the potential to create new opportunities in the industry and disrupt existing technologies and processes.
• Blockchain technology will make the international relations even more dense, as it increases the speed and efficiency of transactions activity.
• Blockchain technology can be used to distribute social welfare in developing countries.