American Express will use the blockchain to ensure privacy for our clients
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More and more financial companies think about the possible use of the blockchain in their activity. American financial Corporation American Express already exploring the potential of blockchain technology in the field of protection of personal data against fraud. It is reported .
theuse of the blockchain in financial sector
In Addition to Mastercard, the use of new technologies interested in the American financial giant American Express. The Corporation has allocated funds for a detailed study of blockchain technology. Guide American Express hopes to use it to protect customers from fraud and to preserve personal data.
On the current progress of the Corporation was announced at the conference Oktane18 in Las Vegas, where a report was made Vice-President of technologies American Express Teresa Castel.
American Express open to new innovations. Before we worked with bloccano only in the area of financial transactions. Now the technology will also be used in the development of a personal electronic wallet with full protection of user data.
Castell also noted that the advantages of the blockchain technology used to make the transparency of the entire financial sector as a whole. Public access to the block chain facilitates the disclosure of fraudulent transactions.
The Initiative, American Express is another reminder to other companies who seek to stay afloat in a rapidly changing market. The use of cryptocurrencies and new technological solutions may soon become one of the few ways to attract new customers.
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