ValueCoders brings expected out of this unexpected event of things. It is introducing BLOCKCHAIN TECHNOLOGY to the Banking world with an influx of security mechanisms. Thus giving the financial sector much-needed impetus to raise business values.

As said by the CEO of IBM, “WHAT THE INTERNET DID FOR COMMUNICATIONS, BLOCKCHAIN WILL DO FOR TRUSTED TRANSACTIONS.

The good thing about BLOCKCHAIN is that it has helped banking structure by reducing infrastructure.investment by 30 %. It could be mainstream technology in the future if specific criteria are met.

‘According to the Thomson Reuters Survey, Financial institutions spend $60 million to $500 million per year to keep up with Know your Customer (KYC) and customer due to diligence regulations every year’.Blockchain Technology will help a great deal in strengthening the security mechanism for ailing financial transactions with fraudulent activities.

BLOCKCHAIN FOCUS ON KEY FOCUS AREAS :

Faster Payments- It is based on the decentralisation method crypto for payments, a banking technology to facilitate faster payments.

Clearance & Settlement System- It helps bank transactions directly while keeping track of them.

Buying & Selling Assets - As it harnesses distributed technology which makes it easier for buying& selling assets.

Fund Raising - It has helped companies include IEO(Initial Exchange Offerings), Equity token Offerings, Security token Offerings(STOs)

Accounting & Auditing- It will simplify compliance and streamline the traditional double-entry bookkeeping systems.

Credit & Loans Blockchain helps in peer-to-peer loans, faster and secure loan process.

Digital Identity Verification - It has accelerated a very critical process called accelerated verification process.

Hedge Funds- The decentralized type is a crypto fund. Its main goal is to maximize funds while reducing risks.

Not ironic to say that BLOCKCHAIN IS BEYOND BANKING!

About ValueCoders LLC:

ValueCoders is one of the top-rated blockchain development companies with expertise in BlockChain app development at affordable prices. It has carved a strong niche in smart contracts, crypto wallets, mining software & ICO initialization. A Company with 15+ years of experience with and an elegant pool of talented staff.

Email: [email protected]

Whatsapp : +91 7042 020 782

To learn more about our Fintech Services, Visit - www.valuecoders.com