Blockchain Application in Banking System

The 21st Century is all about technology. People are open to accepting new technologies as the need for modernization increasing every single day. Blockchain one of those and revolutionary that will have a significant impact on market industry. In layman’s terms, data structure stores transactional records while also ensuring security, transparency, decentralization. There digital signature transaction blockchain, which proves authenticity blockchain. Blockchain, stored tamper-proof cannot be changed it uses encryption signatures. To change record needs several records, distributed ledger. That’s why it’s quite impossible has already been entered into Blockchain. technology allow transactions simply, safely, effectively, safely. This very promising It’s in lot places. It can solve any problem banking sector. became famous after introducing first cryptocurrency, known bitcoin. Right now, there huge with banking, these problems. paper demonstrate transacting over secure, blockchain-based network therefore eliminate intermediary entities. review-based provides application opportunities system. purpose this provide review secure investigation analysis at beginning, related work from other authors same fields discussed. Then working method introduced analysis. use blockchain main achievement how works useful