Goldman Sachs (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM) could be in the process of rewriting the dynamics of the banking industry with the adoption of blockchain technology. These are two of the first few banking companies that have integrated blockchain into their trading and business operations. The traditional banking industry has this gigantic task of maintaining the records and processing the transactions of their ever-increasing customer base. They have to follow several procedures to ensure the safety and security of their customers. This makes the entire banking procedure quite costly and lengthy.
