Few Fintech technologies have disrupted the banking industry more than blockchain. Developed as the database platform for Bitcoin, blockchain technology has matured into a viable alternative to traditional channels of financial transactions. Once banks realized that they could either find ways to utilize blockchain technology or else they would be circumvented by it, they began exploring how blockchain solutions for banking might allow them to remain relevant.
Yes, the banking industry has finally succumbed to the blockchain revolution, creating a wealth of opportunities for the innovative blockchain developer. In this article, we will look at five ways banks can benefit from blockchain technology.