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The Blockchain Revolution
Blockchain revolution. Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended to solicit clients from any specific jurisdiction including the Republic of Mauritius inter alia. Curated by Investors Europe Stock Brokers |
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Scooped by Enos Senior |
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Compliance rules may be boosting blockchain innovation, but legal uncertainty is excluding some developing nations from the global banking system.
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Scooped by Enos Senior |
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Bitcoin — that is what most people think of when they hear the term blockchain. However, blockchain has morphed into an incredible technology tool that can be utilized across industries in a variety of capacities, including in mortgage lending.
"Blockchain promises many advantages; two of the most important ones are cyber breach protection and document security, both critical to the mortgage process. For mortgage lending, this could mean saving millions of dollars. "
In addition to reporting transactions above certain levels, banks are now required to know who their customers are, and to report any 'suspicious activity'. Ask any financial institution today what its largest burden is, the answer is invariably "compliance".