Yes, blockchain in banking has shown strong potential in addressing both fraud and transparency issues. Traditional banking systems often rely on centralized databases, which are vulnerable to manipulation and cyberattacks. Blockchain, on the other hand, is decentralized and tamper-proof—once a transaction is recorded, it can't be altered without consensus from the entire network.

This level of security helps prevent unauthorized changes and improves trust in the system. Moreover, since every transaction is time-stamped and permanently recorded, blockchain in banking creates a transparent audit trail that regulators and institutions can access for compliance and oversight. It's not a silver bullet, but it’s a major step forward in modernizing financial infrastructure.