BLOCKCHAIN: Dubbed "Bankchain", India's initiative aims to target Bad Loans and Fraud which make up one-fifth of Bank Loan Books.
"Bankchain"
Credit:cointelegraph
I was just scanning my news feeds before and came across this article published earlier today.
Credit to cointelegraph for the content in the article.
https://cointelegraph.com/news/indian-bank-wants-joint-effort-to-share-data-on-blockchain
Credit:cointelegraph
Blockchain is fast becoming associated with the fight against Fraud and Corruption and is a testament to the power of the technology.
As more people wake up to the simplicity that the Digital Distributed Ledger Technology is nothing more than a means to verify, valuate and validate data on a shared database, Blockchain will explode to the masses.
It is a technology that I have effectively been waiting the best part of ten years to arrive.
Now that it is finally here it will for once allow the internet to do what it was intended to do when it was rolled out in the 1980's.
It will allow the sharing and transfer of verified data without the need for a third party trusted intermediary.
Thanks again for reading.
Stephen
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