Why Does the Bank Need Blockchain?

Let’s take a closer look at why Blockchain Bank:

• Ability to implement operations transparently. Since all records in the Blockchain are open, everyone can view the records on the network. True, openness is not complete, but partial. That is, users can find out the transfer amount and the wallet address from which the transaction occurred, but other details will be hidden from prying eyes;
• In the banking industry, all transactions are carried out through intermediaries and using Blockchain you can get rid of unnecessary intermediaries. The services of intermediaries are not only inconvenient but also expensive. Using Blockchain will save money not only to the bank but also to its customers;
• The security of the banking industry, where Blockchain will be implemented, will also become higher. The fact is that all records in the Blockchain are protected using cryptography. This means that if the record fell into the block, then it will not be possible to change it.