The disruption of the blockchain – Comparaland

  • French
  • By FintechNews staff

    Although synonymous with cryptocurrencies like Bitcoin, blockchain disruption is continually expanding into new areas of finance, as well as healthcare and real estate.
    Borderless payments
    The blockchain allows transfers without authorization through intermediaries. Furthermore, with this technology, banks do not have to use resources to transfer funds.
    In this way, the transfer fee can go from 10% to 15% of the transferred amount up to 3%.
    Transaction validation
    Every financial transaction requires an authority to validate it. (can be Visa or an investment bank)
    Transactions on a blockchain are automatically validated as they are sent to all nodes on the network for authentication. This eliminates the need for third parties and therefore the cost of these transactions decreases.
    Blockchain can provide liquidity options to the industry. By digitizing and tokenizing assets, applied using the blockchain, investors can buy a fractional interest rather than a full asset.
    For more information on these topics:
    -How blockchain could alter the banking industry
    – The blockchain revolution
    -Blockchain ETFs Offer New Crypto Investment Opportunities

    The publication Blockchain Disruption first appeared on Fintech News.


    The Comparaland team

    Web editor since 2009 and webmaster since 2011.

    I am interested in all subjects such as politics, culture, geopolitics, economics or technology. Any information to illuminate my mind and therefore yours in a dark and adrift world. I am the author of several books

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