Incredible role of blockchain in finance sector

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Incredible Role Of Blockchain In Finance Sector
The role of Blockchain technology across different sectors is growing. Unlike
2009, when the technology first surfaced, it became a part of mainstream
business operations. However, its conventional use still takes us back to the
finance sector, where it formed the underlying platform for the exchange of
cryptocurrencies. All this has made Blockchain career a good choice. Many
companies are now hiring Blockchain professionals who can bring the best of this
technology to their current business operations.
2

Role Of Blockchain Technology In The Finance
Sector
Let's Assess How Blockchain Technology Forms An Incredible Part Of The
Finance Sector:
1. Establishing transparency- One of the key features that you need to
know is that every business segment is looking forward to transparency. It helps in
seamless functioning and also helps in generating customer's loyalty. We know
that most of the finance sector is now going digitized.
3

The current digital platforms are vulnerable and are prone to cyber-attacks. Thus
to establish trust amongst the customers on the digital platform, Blockchain can
prove to be helpful. It will help create a transparent platform where customers can
keep track of every transaction and have more control over their accounts.
4

2. Data security- The key reason people opt for digital platforms is that it
offers seamless transactions. But, one of the bitter facts is that this data is not
safe. The current system is prone to cyber-attacks, and there is always a threat of
losing personal information and, in some cases, money. With Blockchain we can
put an end to it. Blockchain platforms offer data encryption. This makes it safe.
Moreover, Blockchain platforms like Hyperledger Fabric and Corda, which offer
enterprise solutions, make it easy for companies to do transactions safe as these
are permissioned Blockchain platforms.
5

3. No third-party interference- Decentralization is the key feature of
Blockchain technology wherein you will find minimal interference of third-party. It
works on a peer-to-peer network wherein the two parties directly interact with each
other. This saves the cost, which otherwise goes as a processing fee. Also, it
takes lesser time since one doesn't have to wait for validation or approval.
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Concluding Thoughts-
Blockchain Council is offering a Blockchain Course wherein you will get an
opportunity to learn about Blockchain technology and its implementation across
different sectors. You will not only learn about this technology but also its
implementation part. Once you have completed this Blockchain course, your
eligibility to make up for a good job increases.
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Blockchain is going to revolutionize all the business segments, and we are going
to find its widespread use across different business segments, and with a
blockchain certification, you can surely become a part of this growing industry.
For more such updates, keep coming back to Blockchain Council.
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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
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THANK YOU!
Any questions?
You can mail us at
hello@blockchain-council.org
Copyright © Blockchain Council www.blockchain-council.org 10

Incredible role of blockchain in finance sector

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