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Use Case for Blockchain: 3 Compelling Outcomes – A Deltec Bank knowledge series

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Use Case for Blockchain: 3 Compelling Outcomes – A Deltec Bank knowledge series

September 05
19:30 2019
Use Case for Blockchain: 3 Compelling Outcomes - A Deltec Bank knowledge series
Headquartered in The Bahamas, Deltec is an independent financial services group that delivers bespoke solutions to meet clients’ unique needs. The Deltec group of companies includes Deltec Bank & Trust Limited, Deltec Fund Services Limited, and Deltec Investment Advisers Limited, Deltec Securities Ltd. and Long Cay Captive Management.

There are several technical features of Blockchain technologies that make it an advantageous option to consider for businesses in most industries.

Blockchain uses a distributed ledger while remaining cryptographically secured to ensure the highest levels of privacy and transparency simultaneously. It also comes with the option to have smart contract encoding.

Multiple users who do not trust each other can conduct transparent transactions with this setup without the use of an intermediary.

There are three compelling use case options for Blockchain that are worth considering right now.

Healthcare Use for Blockchain

Patient records are stored in numerous institutions using legacy silos. Even if the institution uses electronic health records (EHRs) to facilitate its transfer, some different standards and formats lessen the effectiveness of this technology.

Blockchain is useful for the recording of patient data because it can store the information on a distributed ledger. This process allows individual stakeholders to have conditional access where every interaction with the record receives a timestamp l