Blockchain for Financial Transparency and Fraud Reduction. The goal of this challenge is to explore innovative ways to leverage blockchain technology to enhance financial transparency and reduce fraud in the banking and financial services industries. The aim is to create secure, efficient, and trustworthy systems that promote accountability and protect stakeholders’ interests. Blockchain technology offers unprecedented potential to revolutionize the financial sector by providing a decentralized and immutable ledger of transactions. This challenge presents an opportunity to harness the power of blockchain to address longstanding issues related to transparency and fraud in financial systems.