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Title: What are the areas blockchain has penetrated the fintech industry? Post by: Nissivarghnese on October 12, 2020, 10:06:10 AM P2P Payments: Facilitate secure, contactless, real-time, and cross-border transactions through the use of encrypted distributed ledgers.
Smart Contracts: Leverage the power of smart contracts for autonomous, accurate, transparent, and secure contract services. Client Identification System: Facilitate user-optimized, obscure, decentralized, and transparent identity management for various legal procedures. Smart Loyalty Programs: A blockchain-based (http://"https://www.fortunesoftit.com/sg/blockchain-development-company-singapore/") loyalty program provides you with secure and transparent systems reducing the cost associated with errors and frauds. Regulatory Compliance and Audit: Verifying compliance by an audit trail through recording the actions and their outputs for any digital asset. Loans and Credit: Eliminate the need for middlemen, enhance transparency, and reduce delays with blockchain allowing investors to approve loans. Insurance: Get a permanent audit trail by automating claim processing and simplifying the management of digital assets. |