How a DAO for a bank or financial institution will look like By Cointelegraph
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How a DAO for a bank or financial institution will look likeImagining a DAO-based global banking network may seem far-fetched at the moment, but not impossible.
If blockchain technology is widely adopted within the financial industry, it is not hard to imagine a future in which banks are run as DAOs. In such a scenario, bank management would be decentralized, with power vested in the hands of the network’s members.
Fundraising
Loans and Credit
Trade Finance
Securities
Customer KYC and Fraud Prevention
Continue Reading on Coin Telegraph
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How a DAO for a bank or financial institution will look likeImagining a DAO-based global banking network may seem far-fetched at the moment, but not impossible.
If blockchain technology is widely adopted within the financial industry, it is not hard to imagine a future in which banks are run as DAOs. In such a scenario, bank management would be decentralized, with power vested in the hands of the network’s members.
Fundraising
Loans and Credit
Trade Finance
Securities
Customer KYC and Fraud Prevention
Continue Reading on Coin Telegraph
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