Here's how financial services industry is embracing Blockchain technology
Blockchain technology is based on distributed storage of data Technology News : With digitisation transforming the financial services sector in terms of speeding up transactions and fraud detection, the Blockchain technology holds an enormous promise of further strengthening the sector, a top official with The National Stock Exchange of India Limited (NSE) has emphasised. "The NSE is experimenting with Blockchain technology, a NSE CTO Sankarson Banerjee told IANS on the sidelines of the fifth Cisco India Summit. The Blockchain technology is based on distributed storage of data. A Blockchain is a continuously growing list of records -- called blocks -- which are linked and secured using cryptography. "Blockchain, we know, is the best way to create an immutable record of things. That opens up a lot of use cases for asset verification - who owns the asset, where it comes from, things like that - or tracing the transaction of an asset," B