1 min read
27 Jun
27Jun

Instead of continuing to develop multiple, isolated systems, a single, central bank-approved Core Banking would be selected and connected to the blockchain platform. All transactions would be tokenized and recorded in a transparent, secure, and immutable ledger.
In such an architecture, many of the current parallel and costly systems, including multiple layers of settlement and information exchange, will be redesigned into a unified infrastructure. The result will be reduced costs, increased speed, greater transparency, and the elimination of a significant portion of the complexity in the country's banking network.
Iranian banking has the capacity to upgrade from the third generation of banking directly to the fifth generation; banking based on blockchain, smart contracts, tokenized assets, and instant settlement.
Decide to spend a whole month and achieve banking development.

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