Director – Financial Services Advisory - Virtual Assets | PWC
Interoperable and fast systems for payments enhance efficiencies and reduce costs. This session will delve into the innovations in payment systems that are leading the charge in fintech revolution, transforming transactions and financial interactions globally.
This panel will explore how innovation, regulation and strategic initiatives are positioning the Kingdom as a leading fintech hub.
Tokenization, the process of converting asset rights into digital tokens on a blockchain, leverages blockchain's benefits for transparency, efficiency, and accessibility. Blockchain ensures immutable records, facilitates fractional ownership, and enables efficient settlement globally, reducing costs and risks. Smart contracts automate processes like dividend distribution, enhancing efficiency, while interoperability standards foster a connected ecosystem. Moreover, blockchain's transparency enhances compliance and auditability, offering a robust infrastructure for digitizing ownership and democratizing access to assets across industries.
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