The rise of blockchain based lending technology
The financial services sector is at the cusp of a digital revolution. In the lending space, blockchain technology provides the much-needed requirement for transparency, speed, efficiency, security, and immutable transactional records, while streamlining workflows with permission controls. While there are plenty of opportunities, businesses must collaborate with governments and regulatory bodies to ensure that the financial services industry can leverage blockchain technology to its fullest potential and harness the benefits for both lenders and borrowers.
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