Global Blockchain In BFSI Market Is Likely To Spur Due To Presence Of Architectural Boundaries In Making Global Payments
Blockchain allows distributed ledger to maintain duplicate copies of transactions on several other computer systems too. Individuals involved in the blockchain network can view all the transactions on multiple computer systems. Furthermore, if the transaction is recorded once it cannot be erased but one can update the blockchain with permission from the majority of the participants in the network. However, traditionally cross-border payment struggles with various issues including the long