Latest Innovations of Blockchain Technology Creating Growing and Lucrative Opportunities in Fintech Industry

PALM BEACH, Florida, September 20, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Blockchain technology continues to become a force to be reckoned with in the digital world, as its effects are being felt in a number of different industries. One of the latest developments comes in the traditional finance world in the area of mortgages, loans and other financial transactions that have remained largely unchanged for decades. Blockchain is disruptive and creating change in these spaces, allowing for lenders and borrowers to more efficiently execute large financial transactions. One of the more significant advantages of leveraging blockchain for financial services is reduced cost while simultaneously securing transactions at higher levels. As a whole, blockchain has already cemented itself as a powerhouse capable of steadily generating multi-billion dollar revenues on a year over year basis. As it begins to creep into traditional markets such as financial services, that growth will only increase. Active companies today in the market include: Block One Capital Inc. (TSX-V:BLOK) (OTC:BKPPF), Fiserv Inc. (NASDAQ:FISV), LexinFintech Holdings Ltd. (NASDAQ:LX), Glance Technologies Inc. (CSE:GETN) (OTC:GLNNF), Pareteum Corporation (NYSE:TEUM).

Block One Capital Inc. (TSXV:BLOK.V) (OTCQB:BKPPF) BREAKING NEWS: Block One Capital is pleased to provide the following corporate update. Finzat Block LLC ("Finzat"), a Block One Capital fin-tech portfolio company, has formed a strategic partnership with Thomas Ho Company Ltd. ("THC"), to provide the first-ever loan transaction capabilities built on blockchain technologies. THC is a New York based nationally recognized leader in asset-liability management and whole loan trading.

Finzat and THC's network, driven by Smart Contract technologies and blockchain applications, is designed to streamline the participants' operation, strengthen security protocols, shorten transaction time and ultimately increase profitability. Community banks and credit unions lacking scale to fully access these benefits on their own can now have the opportunity to do so through this network.

"Dr. Ho is a proven expert in whole loan trading and balance sheet analysis. We believe that the synergies created between Dr. Ho, when combined with Finzat's own strengths in blockchain technology, are substantial. This new partnership has significant possibilities to create a meaningful blockchain network effect", said Dr. Gnanesh Coomaraswamy, Finzat CEO.