Not only cryptocurrencies and web3 are utilizing Blockchain Technology, rather Banks, major financial institutions, healthcare sectors, and even government systems are also entering the market. As per research, the global blockchain technology market was worth USD 10.02 billion in 2022. The crucial need to implement Blockchain technology in the financial sector is to strengthen security and transparency. Coming to the adoption demographics, insights from the Deloitte Blockchain Survey 2021 show that 86% of individuals believe blockchain technology will help our transition to more autonomous corporate operations. Also Read: Ethereum Scaling Project Scroll Hits $15 Mln TVL, Know More HereThe post Why Banks And Financial Institutions Adopting Blockchain Technology?

Source: The Nation November 23, 2023 18:33 UTC