Welcome to the Ask SCN Community › Forums › Global Forum › General Discussion › how blockchain technology affects the future of the financial system? › Reply To: how blockchain technology affects the future of the financial system?
There are challenges, of course, but the technology is constantly improving. Blockchain can offer decentralized systems, eliminating the need to trust central institutions. This increases transparency and reduces the possibility of fraud. Blockchain eliminates the need for intermediaries and simplifies processes like at the site https://boomchange.com/ . It can significantly reduce transaction costs and make transactions more efficient.