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Abstract
The block chain is going to bring a major transformation in the banking sector. It has the potential to disrupt the traditional business models and make the existing system obsolete. A secured, distributed database of client information should be developed and shared by different banks which will help in resection time, effort and cost in interbank transaction in a bid evolve towards the cashless society. Block chain has the potential to transform multiple industries and make processes more democratic, secure, transparent and efficient. Multiple use cases are also getting explored across industries as everyone has started realizing the disruptive potential of this technology.