Making Sense of Blockchain Technology: An Inside Look Into Decentralized Payment Processing
Blockchain technology has gradually advanced into the world of payments to transform the traditional banking environment, driving efficiency and simplicity by establishing new financial processes and services. Blockchain and distributed ledger technologies (DLT) promise to address certain issues, including security, hacking, forgery, and reliability. However, one of the most immediate issues that blockchain technology can help resolve is the problem of failed and disputed payment transactions that heavily plague the traditional banking industry.
Source: disrupt-africa.com