Blockchain to solve lack of transparency in Iran’s banking system
Tehran, Iran, Jan. 29
Deputy Governor of the Central Bank of Iran Akbar Komeijani insists that blockchain and fintech can create transparency in monetary and banking sectors.
“Fintech offers services to customers without restrictions and by using basic services it would provide the customers’ orders,” he added.
Komeijani noted: “Blockchain eliminates the need for intermediary organizations by creating a distributed ledger technology.”
“There have been improvements in trade due to blockchain and fintech and there have been more transparency in the monetary and banking systems,” he said.