Five Ways Blockchain Technology Is Reinventing Financial Services
Consultants Review|September 2017

Headquartered in Michigan, HTC Global Services is an ISO 9001, and ISO 27001 certified IT and Business Process Outsourcing service provider offering tech-driven solutions that fulfill the varying requirements of businesses across varied industry verticals.

- Dr. B Muthukumaran
Five Ways Blockchain Technology Is Reinventing Financial Services

There is a clear shift of focus, from a centralized technical infrastructure to distributed infrastructure platforms. This change is responsible for the next generation business models in payments, digital banking, and financial transaction technologies. One of the technologies riding on distributed architecture is Blockchain technology. The Blockchain is a term which is being buzzed across the network. It is being mentioned virtually by all research firms as a destructive technology. As a technology, it is reshaping the industry verticals from various facets. It was originally created as a method of tracking Bitcoin transactions. Bitcoin is a Blockchain enabled currency and a peer-to-peer electronic cash system which was designed for online payments without going through a financial institution. Bitcoin has enabled a virtual currency system without any trusted parties and without pre-assumed identities among the participants.

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