Review on Financial Transactions using Blockchain Technology

Abstract

Digitization helping every individual to get what they want in few steps. It only requires the awareness and technology that will help you. Growth in online financial transactions is remarkable which felicitate to need of end user.  Recent discussions on digital currency and cryptocurrency all across globe makes online financial transaction hot topic to talk on. This makes us to learn and understand more about the concept of digital currency and cryptocurrency for financial transactions. There will be a pros and cons between traditional way of financial transaction with national currency and new way of financial transactions with cryptocurrency. The world always needs to accept the new technology to grow through drastic changes in the market. Permissioned Blockchain technology will be helpful for every application around the world. The role of cryptocurrency will be highly appreciable to accept it. As permissioned blockchain technology comes into picture, this will surely help us to stop problems arises due to lack of communication between financial institution and the end user.