1 / 8

Importance Of Blockchain Training For Bankers

Ever since the world got to know about Blockchain technology, its use cases have increased. We have seen so many companies trying to explore Blockchain technology for the benefit of their business. Among the different use cases of Blockchain technology, one of the prominent areas of Blockchain's use remains the finance sector. Many companies are using Blockchain technology to enhance transparency and to ensure data security.

blockchaincouncil15
Download Presentation

Importance Of Blockchain Training For Bankers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Importance Of Blockchain Training For Bankers Since the world became aware of Blockchain technology, cases of usage have increased. For the good of their company, we have seen so many businesses seeking to explore Blockchain technology. Among the numerous use cases of Blockchain technology, the finance industry remains one of the prominent fields of Blockchain use. Blockchain technology is used by many businesses to increase transparency and to ensure data protection. We'll concentrate on how Blockchain is going to support bankers and the banking sector in this blog.

  2. The banking segment's main problems: There are numerous problems in the banking and finance industries, one of which is the lack of transparency and data protection. It is therefore important for bankers to have a safe and secure system that can easily exchange data and cash without leaving open loops. How is Blockchain going to help? Blockchain is a distributed ledger system that provides many advantages; this technology is beneficial to bankers and the banking industry through its main features. Here, how Blockchain will support them will be discussed:

  3. Fraud detection: Blockchain's first advantage is that it can help bankers recognise fraud. Although a massive transformation has taken place in the banking industry, there has been a steady increase in data breaches. For most companies in the financial sector, this is a matter of concern. So, you need to select a choice that will provide all the help and support you need to make the banking system work smoothly. There is no interference from a third party with Blockchain and the contact is directly between the two parties. This decreases third-party visibility, thereby ensuring full protection of data and reducing malicious activities such as phishing. Know Your Customer (KYC)- Every banker's next important job is to ensure proper KYC. Banks are sending a large amount of money to KYC operations. Financial institutions spend between $60 million and $500 million annually to keep up with Know Your Customer (KYC) and do due diligence with clients, according to the Thomson Reuters Survey. With Blockchain, without any credibility, bankers can directly access the data, thus saving time and money.

  4. Smart Contracts: These are the newest and most creative addition to the blockchain industry, and the best aspect of the smart contract is that it transforms the process and execution of the agreement. Smart contracts are a pre-programmed digital contract that is performed until the contract terms are fulfilled. They can be used to enhance and complete financial transactions without delay. By decreasing their workload, these advantages will prove useful to bankers. It will also allow them to become adept at the latest changes in the financial sector and do the same to boost their business. Blockchain works to make the financial industry more profound and runs seamlessly.

  5. Conclusion: It will allow working professionals and even aspiring banking professionals to gain an upper edge and give you a competitive advantage by obtaining a Blockchain certification. With Blockchain and associated technology, the Blockchain Council offers the best online learning platform. In order to know more about this initiative, communicate with the Blockchain Council.

  6. Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. • Certified Blockchain Expert • Certified Blockchain Developer • Certified Smart Contract Developer • Certified Solidity Developer • Certified Ethereum Developer

More Related