What role does blockchain technology play in improving trade settlement on the Nigerian bourse?

3 answers

• Feb 17, 2022 · 3 years ago
  Blockchain technology revolutionizes trade settlement on the Nigerian bourse by providing a decentralized and transparent system that eliminates the need for intermediaries. It ensures faster transaction processing, reduces costs, and enhances security through immutability and consensus mechanisms.
  299150
• Feb 17, 2022 · 3 years ago
  Blockchain technology plays a crucial role in improving trade settlement on the Nigerian bourse. By leveraging smart contracts and distributed ledger technology, it enables real-time verification, eliminates manual errors, and enhances trust among participants, ultimately streamlining the settlement process.
  309103
• Feb 17, 2022 · 3 years ago
  In the context of trade settlement on the Nigerian bourse, blockchain technology has the potential to transform the industry. By leveraging its decentralized nature, blockchain ensures transparency, reduces settlement time, and minimizes counterparty risk. Platforms like BYDFi are exploring the integration of blockchain to enhance trade settlement efficiency and security.
  37494