Many of the top banks are adopting researching and developing blockachin. blockchain optimize and automate all the back end operation of banking in a secure way.through blockchain some major activities of banking can be achieved in a secure way like customer lending,corporate payments,cash pooling etc.the morgage industry has also wide range to use blockchain whereby banks can store their valuation data and and can issue loan more fastly quickly.
How does blockchain apply to banking?
Blockchain works in banking in a very simple way suppose customer applies for a trasaction,Once they do,nodes jumps to the work processing trasaction and the time nodes are finished blockchain verifies the trasaction and provide the unique address and completes it and placing it in a new block and strand of existing block.
There are three primary reasons that blockchain technology will be revolution in banking industry.
3)Safe and secure trasaction