MAINTAIN YOUR PRIVACY ALONG WITH THE 4TH INDUSTRIAL REVOLUTION.
By: Prosperousca Io
Tags: Financial Services, Blockchain, ICO, Bitcoin

By Meleeza Rathnayake

Smart Microfinance is being fully transparent in the pricing, terms and conditions of all financial products. Smart Microfinance is working with clients so they do not borrow more money than they can repay or use products that they do not need. Smart Microfinance employs respectful collection practices and adopts high ethical standards in the treatment of clients. Smart Microfinance gives clients a way to address their complaints so they can be served more effectively. Smart Microfinance ensures client data remains private. Smart Microfinance protects clients, businesses, and the industry as a whole.

Smart Microfinance encompasses core Client Protection Principles to help microfinance institutions practice good ethics and smart business. The Client Protection Principles are the minimum standards that clients should expect to receive when doing business with a microfinance institution. These principles were distilled from the path-breaking work by providers, international networks, and national microfinance associations to develop pro-client codes of conduct and practices.

The block chain is an undeniably ingenious invention — the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Block chain?

By allowing digital information to be distributed but not copied, block chain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bit coin, (Buy Bit coin) the tech community is now finding other potential uses for the technology.

Bit coin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $9 billion US. And block chains can make other types of digital value. Like the internet (or your car), you don’t need to know how the block chain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, we hope you enjoy this, what is Block chain guide.

What I am trying to tell you all is that block chain helps us all in achieving the client protection principals, in other words helping us all impress our clients through technology.

Maintaining the privacy of a client is one of the most important things in the business world and it is one of the hardest to achieve, but through block chain we actually can do it.

This is how it happens,

Block chain is a technology that underpins the success of Bit coin and other digital currencies. Wall Street is particularly interested in block chain: The elimination of manual processes around reconciliation with customers, trading partners, and securities exchanges using block chain is projected to save banks nearly $20 billion annually by 2022.

Block chain has uses beyond financial transactions to improve the security and efficiencies of a range of business activities such as applications requiring transparency on data and documents with a permanent time and date stamp. In insurance, for example, block chain technology can be used for customer onboarding, smart contracts, and fraud detection. In manufacturing, block chain is being used in supply chain applications and 3D printing.

To better understand block chain, let’s first look at why block chain is so important and how it ensures the integrity and efficiency of the Bit coin network. Then, we will look at how Acronis provides a solution that uses block chain to record and protect the authenticity of your business assets of your business assets.

Block chain is being hailed as the second coming of the internet and a technology that re-invents the cloud. Regardless of the hype, block chain will be a core technology that will influence applications in the financial services, insurance, manufacturing, healthcare, government; indeed, every industry segment over the coming years. Acronis’s use of block chain technology in Acronis Storage is yet the latest demonstration of its commitment to develop best-in-class data protection solutions for its customers. When Acronis says that your data is protected, it truly means your data is protected!

INFORMATION EXTRACTED FROM :-

https://www.acronis.com/en-us/blog/posts/what-blockchain-and-what-does-it-mean-data-protection

https://www.smartcampaign.org/about/smart-microfinance-and-the-client-protection-principles

Written by:- Meleeza Ratnayake