Reshaping the Banking Sector with Blockchain.... Will crypto help in banking sector?

[Pod_Miners]

Almost all the major banks are now shifting to the blockchain technology which is helpful in the transactions, backend functions and maintaining the records. This digital technology will help to reduce the usage of paper and its decentralized feature will help to keep the data at a single place from where every department can have access to it. It also benefits to validate the ownership of the assets without any alteration to it.

[Xtoyak]

Certainly central banks and banks are supporting cashless payments or society. In this sense, Blockchain technology can make processes more easier to handle. On the other side, government will be in a position fully to control individual payments and funds transfers, so no option for tax evasion