Blockchain, a shared, fixed ledger that facilitates the process of recording transactions and tracking assets in a decentralized network, according to US News, is one of the leading innovations in the financial industry and can transform everything from payments transactions to investment funds.

This type of technology has many applications that can be integrated into the financial industry, which results in many investment opportunities such as cryptocurrencies and NFTs, according to CB Insights.

The use of blockchain has many benefits for the financial industry, as companies are in a race to reduce the costs and friction of transactions, and this technology can make financial services more transparent, less susceptible to fraud and cheaper for consumers, according to IBM.

First, because blockchain technology is on a public ledger, scams can be traced and prevented. In addition, payments and money transfers made on the blockchain can…

Read more…