Blockchain is a decentralized public ledger that has numerous uses in the financial sector. Some of the many are:
- International payments - Geographical limits do not exist when it comes to blockchain technology. This enables cross-border payments to take place seamlessly.
- Stock exchange - With blockchain, the process of issuing shares and reaching investors is easier.
- Trade - Blockchain technology allows tedious processes to be digitized, thereby simplifying them significantly.
- Peer-to-peer transactions - Blockchain allows transactions to take place without the interruption of third parties.
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