Blockchain in personal loans: How it will redefine the future of lending

The banking industry cannot be an exception to what blockchain technology has already been doing to several industries. It will transform personal loans into something they never were before: completely safe, effective, and transparent. Even though it’s still in its infancy, the technology may yet bring a change in the future of borrowing and lending. Let’s analyse how blockchain and other state-of-the-art technology could redefine personal loans.