Usefulness of the Blockchain
Blockchain technology has been a true revolution in the financial world by successfully addressing problems that were previously highly complex. In the current context, when someone makes an electronic transfer, banks act as intermediaries to deduct money from the source account and credit it to the destination account, thus preventing the duplication of funds.
However, blockchain has changed this paradigm by eliminating the need for intermediaries. Each transaction is automatically replicated across all computers connected to the network, ensuring that only the intended recipient can use the funds. This means transactions are carried out without intermediaries, leading to greater speed and security in the process. More information here.
Blockchain technology stands as a transformative force in the financial world, paving the way towards a future where transactions are more efficient and secure.
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