Business Studies, asked by intelligent4667, 1 year ago

Which platform could gain its best use case from financial service industry in blockchain?

Answers

Answered by Wafabhatt
0

Thank you for this question. Please find the answer below. 


Blockchains is the platform that could gain its best use case from financial service industry.


Blockchain can be used in the following ways:


(i) Speeding up cross-border payments.


(ii) Simplifying cross-border payments.


(iii) Share Trading.


(iv) Making smart contract. 


(v) Online identity management. 


Answered by mindfulmaisel
0

‘Hyper ledger platform’ could gain its best use case from the financial service industry in block chain.

Explanation:

  • Hyper ledger platform is a ‘global collaboration’ that is hosted by Linux foundation and it is an ‘open-source collaborative effort’ created for working on block chain technologies.  
  • It also includes the leaders in finance, supply chains, banking, technology, the ‘Internet of Things’, and manufacturing.  
  • The block chain frameworks allow the organizations to build block chain applications and they are implemented as separate stand-alone block chains for allowing certain use cases.  

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