The Financial Security Institute Thursday adopted eight blockchain technologies for standardizing financial transactions. The institute expects the standardization to upgrade convenience and financial security.
Most eye-catching is the fact that the institute has officially made public it would adopt blockchain technologies for financial transactions
However, an IBK official said it would take time before the banks adopt them for business. He added that banks must undergo many formal and technical procedures ahead of full usage of the standardized technologies.
He added that he believes the blockchain technologies would be effective and instrumental in upgrading financial security.
