Significance Of Blockchain In Digital Transformation Of Banks Training Ppt

Slide 1

This slide depicts Blockchain's introduction to the banking industry. It emphasizes how the banking industry is transitioning from traditional securities to high-tech securities. The industry has begun to put Blockchain to the test by simulating current asset transactions. It also mentions the advantages of Blockchain technology to banking, such as increased efficiency, security, immutable records, and quick transaction times.

Slide 2

This slide depicts the usage of Blockchain in banking industry. The use cases are accounting and audit, borrowing and lending, clearance & settlement, fundraising, and KYC and identity verification.

Slide 3

This slide illustrates how Blockchain can be used in accounting and auditing in the banking industry. It emphasizes the application of Blockchain to store immutable records, which can have a significant impact on how accounting, bookkeeping, and auditing are performed in the banking sector. It also mentions how Blockchain has piqued the interest of four significant auditors: PwC, KPMG, Ernst & Young, and Deloitte.

Slide 4

This slide illustrates how Blockchain can be used in the banking sector for borrowing and lending. Blockchain can help banks strengthen their know-your-customer (KYC) and anti-money-laundering (AML) capabilities by ensuring that borrowers are not criminals or bad actors.

Slide 5

This slide depicts Blockchain's use case in clearance and settlement in the banking industry. It mentions that banks could keep track of transactions and settle them more efficiently with decentralized Blockchain technology than with existing protocols such as SWIFT. Banks can track all transactions transparently and publicly using Blockchain technology.

Slide 6

This slide depicts how Blockchain is used for KYC and identity verification in the banking industry. It demonstrates that every bank account holder wants to protect their funds from cybercriminals and fraudsters. On the other hand, banks suffer significantly in terms of efficiency because the authentication and authorization processes are to be complied with. Blockchain can help banks avoid repeated verification for some services, creating more efficiencies.

Slide 7

This slide illustrates Blockchain's use case in the banking industry. It emphasizes that traditionally, banks have merged most types of fundraising like Initial Public Offerings (IPOs). Now, Initial Coin Offerings (ICOs) have challenged traditional businesses, as it allows start-ups to issue and sell crypto tokens to investors.