Technology is the building block for new transformation which are paving the way for a new set of developments. Companies are now actively looking for Blockchain experts and Blockchain developers who can help in syncing the current business operations with the Blockchain platform. There are several use cases of Blockchain which ranges across different business verticals. Whether it is a finance sector or healthcare, supply chain or education, Blockchain finds its applications here. One of the key use of Blockchain is in financial transactions. With more than 250 million immigrants and migrant workers wanting to send money to their native country, the need for a simpler and easy to use transaction platform is rising.Around 25% of the global remittance volume is catered by Western Union and other three large MTOs, while the remaining 75% is taken care of by small and mid-sized companies. While it may sound that everything is taken care, but this segment suffers from some grave issues lie latency, illiquidity, growing reluctance from back to service smaller MTOs because of compliance issues. All this aggravates the bottlenecks of the conventional money remittance system.At the same time, the World Bank also shared the information stating that remittance to developing countries would increase. To cater to this growing demand, there is a need for a system which is seamless and also highly secure. The conventional system cannot handle the large volume of remittance that is required by the people, and hence there is a need for a platform that can guarantee the same.Blockchain platforms have become popular because of this. DLT technology has all the necessary features, which makes it one of the most popular choices and solution for global remittance.1. No third-party intervention- One of the key problem that Blockchain addresses are that this platform is free from\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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