Establishing Trust Relationship in a Financial Digital World
Transferring funds from anywhere in the world has enabled transactions between entities unknown to each other
Establishing Trust Relationship in a Financial Digital World
Trust is the most fundamental factor in establishing meaningful relationships or performing mutually fulfilling transactions between two or a set of individuals from ancient times. And this need for trust remains constant even in modern times when transactions occur between individuals or machines using the digital medium.
Prior to the existence of the digital medium, legitimate financial transactions were executed either between people known to one another or via a known entity facilitating transactions who was trusted by both parties. Even now some large value transactions like property transfer etc. require transacting parties to be physically present along with their proof of identity to ensure that trust is established before executing the transac
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