Blockchain Platform For Multiparty Systems Training Ppt

Slide 1

This slide gives an overview of Multi-Party Systems within the finance industry. It also discusses the meaning of the concept along with its importance for collaboration between different organizations.

Slide 2

This slide lists the two major issues that traditional multiparty systems face within the finance sector. The issues are data integrity and process integrity.

Instructor’s Notes: 

• Data Integrity: Stakeholders and their business operations may face cost or quality issues due to a lack of faith in data. If data is not trusted, stakeholders may be forced to engage in a lengthy, supplementary procedure with third parties to secure independent validation of documents
• Process Integrity: Due to a significant lack of process integrity, tasks such as authorisation and payment may be skipped or performed in the wrong sequence

Slide 3

This slide discusses the scope of blockchain technology as a solution to the problems with conventional multiparty systems. IIts features of transparency and immutability can prove to be very useful in this scenario.