This application of blockchain technology can be used for instance to meet know-your-customer criteria. In this case, a digital single source of identification data could make it easier to open an account, need fewer resources, and be more cost-effective while still protecting data privacy.
The way businesses run has the potential to change due to blockchain technology. Blockchain technology may make it easier and more transparent for organizations to track data and execute transactions by establishing a secure and decentralized record of all transactions. Blockchain technology may also assist organizations in enhancing data security and lowering fraud risk.
LBM is top leading Blockchain Development Company in Mohali
