Through blockchain, it becomes easy to share, view, and store digital information securely. Furthermore, it uses cryptography encryption to protect every transaction . By doing so, banks can enhance their existing security and transparency levels to new heights.
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Blockchain transactions are also secured by cryptography . Each transaction is signed with a private key and then can be further verified with a public key. If transaction data changes, the signature becomes invalid. As a result, the block is ignored and won’t make it to the chain.
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