https://www.copyright link/companies/financial-services/is-blockchain-th...

https://www.copyright link/companies/financial-services/is-blockchain-the-way-out-of-the-dirty-money-trail-20191121-p53cvd

Indeed, even though blockchain has been much maligned recently for its socially questionable use in cryptocurrency, we believe that making international payments safer and more compliant is arguably one of the most important use cases for blockchain. The APG FinTech/RegTech Workshop in Seoul in December 2017 came to a similar conclusion. It allows for an auditable, unalterable and trusted distributed ledger that provides a secure data store alongside the bank payment and reporting engines. Moreover, blockchain can easily scale. As the regulatory requirement for reporting (and the data that needs to be reported) grows, new technologies such as blockchain will play an important role in superseding legacy core IT systems that are able to scale to the new complexity.