Blockchain patents are the exclusive rights given to an innovator in exchange for providing details for their invention on a public domain.
Blockchain provides a decentralized ecosystem that makes it impossible for the attackers to penetrate through the IT systems and ensures data protection.
Implementing Blockchain in AML helps overcome money laundering issues by tracking and monitoring transactions done by people regularly.
Implementing blockchain in banking helps banks improve the efficiency of their processes and bring transparency within the banking operations.
Implementing blockchain in health information exchange facilitates sharing of medical recordsin a seamless manner.
Financial institutes and government entities can use blockchain in financial services to build better systems. Trust, transparency and cost cutting are the impact areas of blockchain in finance.