Blockchain is expected to digitize the paper-based guarantee process, reduce possibility of fraud and improve efficiency.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) might provide a lasting solution to the challenge posed by blockchain fragmentation.
Already $30 million worth of A$DC have been minted by ANZ bank, after Victor Smorgon Group, a large family office based in Australia paid the money.
ANZ says that the use of blockchain in the insurance sectors will help to remove uncertainty with more faster and transparent execution of services.
While U.S. and European banks ban buying bitcoin with credit cards, Australia’s biggest banks have confirmed that they are not barring customers from purchasing cryptocurrencies.
Blockchain is expected to digitize the paper-based guarantee process, reduce possibility of fraud and improve efficiency.