Q. Which of the following is the main benefit of using blockchain technology in banking?
Answer: Increased transparency and security
Notes: Blockchain provides a decentralized, transparent, and secure way to process transactions, reducing the need for intermediaries and increasing trust between parties. Its tamper-resistant nature makes it ideal for financial transactions.
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📌 Question Number: 3 in Blockchain, AI, and Cybersecurity in Banking in the above course in App.