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The global report published by Statista states that the worldwide spend on blockchain solutions will witness significant traction growing from just 1.5 billion in 2018 to almost 15.9 billion by 2023. Till date, the banking sector has recorded the highest percentage globally in terms of adoption and implementation. One of the major reasons for the widespread adoption of blockchain in BFSI is the superior level of encryption and transparency required to block the skyrocketing number of cyber attacks and frauds. Apart from creating a secure environment for financial transactions, blockchain as a technology has other significant benefits when it comes to banking and these are:
Apart from just transforming the daily modus operandi, the blockchain technology has paved the way for newer opportunities of business networking in Banking and overall Fintech domain. The blockchain technology has unleashed a great scope for innovation and digitization in the entire financial sector. Here are some of the many interesting ways in which Fintech evangelists are bracing themselves to leverage the Blockchain technology.
Blockchain is going to drive the BFSI sector in the years to come. Creating, a soaring need for blockchain evangelists to power banking and fintech. Since blockchain is a very specialized technology, any professional wanting to leverage it must undergo a formal education in the field. Blockchain enthusiasts must explore the six months Certificate Programme in Applied Blockchain offered by IIM Indore. This course has a meticulous mix of both technical and management aspects of blockchain technology that will offer a professional an edge over others.
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