Technology is now synonymous with innovation, transparency, and seamlessness. Most of our day-to-day activities, from grocery shopping to conducting banking transactions, are powered by technology and have migrated to the online space. Unfortunately, the unbridled use of smartphones exposes us to cybercrimes that can compromise our online integrity and even cause financial damage. Cybersecurity breaches continue to be a menace.
Enter blockchain technology—a system of recording information that, to a large extent, prevents miscreants from changing, hacking into, or cheating online systems. Blockchain is crucial for the financial services industry, one of the key targets for cybercriminals. It enables financial services to become more inclusive, secure, transparent, and efficient while reducing costs and safeguarding shared operating models.
