Blockchain is a distributed ledger which maintains all transactions and assets and is updated by a number of counterparties. Financial institutions are investing in the technology – in what is hoped – to automate processes and remove “human” errors. This may help towards lowering transactional and operational costs by releasing the finance sector from its legacy systems.
https://www.enisa.europa.eu/news/enisa-news/enisa-report-on-blockchain-technology-and-security
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