I would like you to help me and write about the following:
– 3 pages about applications and implications of blockchain in financial services.
In financial services, please focus on how blockchain contributes/facilitates the following:
· Regional and international payment processes
· Reduced Intermediaries
· Vat settlement
· (Real time) compliance
· Treasury
· KYC (know your customer) and AML (anti money laundering)
· Blockchain prevents fraud & tampering
v Implications
– 2,5 pages about applications and implications of blockchain in trade.
In trading, please focus on how blockchain contributes/facilitates on the following:
· Letter of credit
· Smart contracts are useful in trade in general, in transport, shipping, logistics, food, supply chain to name but a few.
· Compliance
· Traceability – (DLT and blockchain technology facilitates the process of tracking products) Real time information and tracking
· Blockchain prevents fraud & tampering
· Digital document management
· Paperless trading
v Implications
I would like to be written in simple Microsoft word format in 12-11 calibri font with single spacing, so that every page will contain about 500 words.
I attached some interesting sources about the above for the references in order to AVOID PLAGIARISM.
The reference is Harvard referencing. (The percentage of plagiarism is pretty small 10%)
(I DO NOT wish you to write about what is blockchain etc, because I already know what it is.)
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