Accept it the blockchain will be part of your bank businesses account

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As more data is stored via blockchain over the next decade or so, other possibilities open up, Leimer says. One idea is a smart contract between accept it the blockchain will be part of your bank businesses account corporations that allows the release of a portion of funds whenever certain parameters are met in the shipment of goods. Leimer says even CEOs at community and regional banks should be learning about the blockchain and talking to their technology providers about it. Applications for the average bank seem to be distant still. So you have to expect her to talk up the blockchain as she hastouting its potential to change the way the financial world operates and emphasizing how it can reduce risk, improve efficiency and ultimately provide better customer service.

One idea is a smart contract between two corporations that allows the release of a portion of funds whenever certain parameters are met in the shipment of goods. Partner Insights Sponsor Content From: As more data is stored via blockchain over the next decade or so, other possibilities open up, Leimer says. Leimer is quick to say he's not a bitcoin, blockchain or distributed ledger technology expert. The answer was not all that much, "because it's connected to bitcoin, it's sensitive politically, and it's sensitive in regulatory circles.

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