A Review Towards the Changing Landscape of Financial Institutions by Using Blockchain Technology

Modern age banking systems has the utilities of the digital world but having said that, it also suffered from its challenges & limitations. Basically, the structure of today’s banking system is driven by traditional client-server interactions, here system became heavily dependent upon central servers and it’s concerning information. The challenges like KYC compliance, fraud detection, manipulation of records and many more are the prime concerns to address in present banking systems. Here Blockchain Technology plays a vital role to overcome the limitations of existing banking systems and provide revolutionized changes in traditional banking systems. This paper based on various Blockchain Technology utilities which can provide a safer & easier prospective to the future banking landscape.