Why is BlockChain an ideal solution in the Financial Sector?
According to experts, BlockChain comes with high security, so banks prefer to adopt the change and make millions of transaction which are held on different platforms. Mainly BlockChain is supported by the peer-to-peer network and uses the same mechanism to verify all transaction by creating the unique and permanent audit trail. Moreover, there is no sign or point of failure nor has another way to modify the current transaction record. The technology used behind this is Ethereum, Bitcoin and other cryptocurrencies.