THELOGICALINDIAN - Bitcoins basal blockchain technology has apparent a lot of applications in the contempo times Banking and banking institutions are some of the above parties absorbed in the development and accomplishing of broadcast balance technology to their operations Fintech is one of the hottest sectors at the moment With a ample cardinal of fintech applications based on blockchain technology we can apprehend a acceleration in blockchain 20 implementations
If the clue almanac of the fintech industry in the accomplished two years is any indication, again the advancing years will be agitative and eventful. The industry area has already received an upwards of $60 billion in investments back the alpha of this decade. The numbers are accepted to alone go up. The acceleration in investments is attributed to the bazaar opportunities and accurate acceptance of funds by the startups to accomplish results.
The blade doesn’t stop with fintech. According to contempo reports, blockchain has the abeyant to do abundant added than ammunition addition in fintech sector. A address by Frost and Sullivan accept that the use of blockchain technology can put a stop to cyber-attacks. Cybercriminals abide to acquisition new means to accommodation the cyber aegis of businesses. Business Email Accommodation attacks are the latest adjustment adopted by them over accepted ransomware and added Advanced Persistent Threat attacks. They accept that the use of blockchain technology can access the assurance levels amid the stakeholders to facilitate an barter of intelligence amid industries.
The analysts were quoted by a business account publication saying,
“The bureaucracy of added Information Sharing and Analysis Centers (ISAC) will anatomy platforms for both the clandestine and clandestine area participants to allotment blackmail intelligence… Blockchain may appear as the technology to facilitate the barter as it authenticates the trusted affair to contribute, obfuscates the contributor’s detail with anonymity, and offers a tamper-proof arrangement that prevents crooked about-face of any abstracts shared.”
The contempo alarm for applications issued by BNP Paribas fintech accelerator is one amid abounding signs advertence the accretion absorption amid boilerplate institutions in blockchain technology. Taking all these things into account, it is absolutely accessible that the agenda bill technology is activity to account big in 2017.