Blockchain technology is transforming banking by enabling instant cross-border payments and programmable trade finance. Major banks are adopting it to reduce transaction times and costs significantly. Real-world implementations like JPM Coin and TradeLens demonstrate measurable benefits such as transparency, efficiency, and improved cash flow while facing regulatory challenges and integration issues.
Blockchain technology is transforming banking by enabling instant cross-border payments and programmable trade finance. Major banks are adopting it to reduce transaction times and costs significantly. Real-world implementations like JPM Coin and TradeLens demonstrate measurable benefits such as transparency, efficiency, and improved cash flow while facing regulatory challenges and integration issues.