Due to the secured & decentralized nature of blockchain technology, it’s incredibly difficult (if not impossible) for hackers or nefarious parties to tamper with transactions. Blockchain-verified data is highly secure and trustworthy, meaning transactions can be processed much faster than in today’s world without compromising security.
The reason why the banking and financial services industry moves towards a completely digital landscape. It’s been predicted that blockchain technology will experience a boost in popularity among finance professionals, with 66% of banks expecting to have blockchain solutions in production within the next three years.
Moreover, the future of blockchain in finance also brings us opportunities to process transactions 24/7. Without being interrupted by banking hours, the technology could enable businesses, governments, and consumers to carry out transactions anytime, anywhere.