growthbill

  In the past decade, blockchain technology has evolved from a niche innovation into a transformative force with the potential to reshape industries. Among the sectors most significantly impacted is banking. Once synonymous with traditionalism and centralized control, the banking industry is now being challenged—and in many ways enhanced—by decentralized blockchain solutions. From faster payments to improved security, blockchain is offering a glimpse into the future of banking: transparent, efficient, and more inclusive. Understanding Blockchain Technology Before diving into its impact on banking, it's essential to understand what blockchain is. At its core, blockchain is a distributed ledger technology (DLT) that records transactions across a network of computers. This ledger is immutable, meaning once data is recorded, it cannot be altered without consensus from the network. Each transaction on a blockchain is stored in a "block" and linked to the previous one, creating...