Blockchain technologies use a shared ledger of sorts to record transactions over a decentralized network of computational devices. Blockchain technologies enable operations in real time, thus taking away the need for a central clearing authority. This saves time as well as the operational recurring costs for financial service providers such as banks or insurance companies. Services in global fintech blockchain market control and manage vital information, massive in size, regarding online and digitized financial transactions in order to maintain privacy and avoid duplicity.
