“Blockchain | Fintech | ICO | Cryptocurrency | Education | SCM | HealthCare ”
Blockchain Technology is defined as Immutable collections of Transactions forming Trustless Distributed Ledger which doesn’t need Third Parties.
Challenges/Issues today Financial Systems like Banks face: ”
- Interest Rate.
- Transactions charges (ATM, Bank Transfer, Net Banking, Cards)
- Financial Crisis & Depression
- Bank Lent out all money to individual or company who could not repay the bank, this led to real estate fall and huge financial crisis. Eg 2008 financial crisis.
- Net Banking Frauds.
- Centralized system/power
- Single point of failure.
- Private Ledgers.
- Prone to Hacks
- Rules & Regulations Norms by Government or Authorized body
- Double Spending on Online Transactions.
How Blockchain technology can solve the Problem
- Open or public distributed Ledger which holds encrypted data.
- Decentralized system/power.
- Hmmutable to hacks.
- No Double Spending.
- Zero or minimal transaction fees.
- Elimination of Intermediaries.
- Transparency with lower cost.
- Hire Web Designer
- Hire PHP Developer
We provide specialized consulting in crypto-currencies and Blockchains from world-class experts. We build, train, advise and research.
Get in Touch with our team for your Blockchain Applications requirements
© SQr infotech. All Rights Reserved.