Here’s why you can’t and shouldn’t replace traditional bulk payment systems with Blockchain immediately Due to its association with ledgering and transactions, blockchain has been viewed as an obvious replacement for existing payment systems. However, immediate use of blockchain in bulk payment system,s despite blockchain’s current immaturity, may prove to be risky.
Blockchain, which is inherently a ledgering system, is being considered to form the basis of all future transactional systems. This is especially true for the bulk payment systems, such as…