Is the Blockchain Different from Banking Ledgers?

• Banking ledgers are used to guarantee that transactions are completed properly. They do this by tracing and timestamping transactions. The way a banking ledger and a blockchain are governed is a big distinction. Although the blockchain is decentralised, banking ledgers are entirely centralised because they are governed by banks.
• When opposed to bank ledgers, the blockchain is entirely transparent and trustworthy. Banks are interested in using blockchain technology to automate many of their banking functions and create a secure environment. They are, however, more likely to employ federated or private blockchain to maintain control over their activities.

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