Michael Lim

ANZ: Blockchain can improve financial inclusion challenges

Distributed Ledger Technology (DLT), more commonly known as Blockchain, is a digital ledger that is distributed or held by many and used for recording information in a transparent manner.

Speaking at the recent Bank of PNG’s Blockchain Summit, ANZ’s Head of Trade and Supply Chain, Michael Lim said the technology has many benefits including reducing paper-based transactions and fraud; promoting transparency, as well as driving standardisation and increasing efficiency and accuracy.