  This paper highlights the necessity to use modern blockchain technology in
traditional banking sector to reduce frauds and enable high-security
transactions on a permanent blockchain ledger. Reviewing different channels
through which the traditional banking servers could integrate blockchain use,
it is signified how a huge anti-fraud stand can be taken against bank servers
allowing fraudulent transactions daily. Usage of a blockchain-based ledger is
highly impactful in terms of security of a banking organization.
Blockchain-based currency tokens, also referred to as Cryptocurrencies are not
regulated by the government, highly volatile, and anonymous to use.
Furthermore, there is no security for any funds invested in a cryptocurrency
market. However, the integration of a blockchain ledger in a traditional
banking organization would strengthen the security to provide more stability
and confidence to its customers and at the same time, make blockchain a more
reliable method to consider due to being trusted by large financial
organizations.
