Based on IPv8, Blockchain Technology Will Impact the Banking Industry?
How can blockchain change the current banking landscape?
1. Banks often act as middlemen within the global economy by managing and coordinating the financial system through their internal ledgers. Since these ledgers aren’t available for the public to inspect, it forces trust in banks and their often outdated infrastructure.
2. Blockchain technology has the potential to disrupt not only the world’s currency market, but also the banking industry as a whole by cutting out these middlemen and replacing them with a trustless, borderless, and transparent system that is easy to access by anyone.
3. Blockchain will potentially help facilitate faster and cheaper transactions, increase access to capital, create higher data security, enforce trustless agreements through smart contracts, make compliance smoother, and more.
BitCherry Present IPv8, What is IPv8 Technology?
BitCherry has built P2Plus protocol with thinking of innovating the physical layer. The existing public chain P2P protocols are all built on the host-side TCP transport layer of IPv4 / IPv6 wide area networks, but BitCherry P2Plus works on the more underlying IP network layer and the data link layer which can work simultaneously in Host and router. So BitCherry can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission. In addition, the P2Plus network protocol uses a point-to-point high-strength private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, which guarantees the transmission efficiency and effectively improves the confidentiality of the content and the privacy of the node.
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