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Today, individuals, many small and medium enterprises as well as institutions operate across a fragmented set of financial accounts that each require separate types of paper-based documentation (often stored in electronic form). For individuals, this includes checking and savings accounts that deal with the entity’s cash; brokerage and investment accounts that deal with retirement, education, healthcare and more; liability accounts that deal with mortgages, loans, lines of credit or credit cards; and a significant number of accounts that relate to the individual’s assets, valuables and collectibles including special documents such as titles, contracts and insurance policies.
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- Source: https://www.coindesk.com/business/2023/10/11/the-blockchain-based-solution-poised-to-improve-our-financial-lives/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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