[2015-08-10] CD: Deutsche Bank: Blockchain Can Help Banks Defend Business Models

[LiteCoinGuy]

Deutsche Bank: Blockchain Can Help Banks Defend Business Models

Banks should seek to leverage blockchain technologies as part of a bid to defend their business models from disruption, Deutsche Bank Research suggested in a recent post online.

http://www.coindesk.com/deutsche-bank-blockchain-can-help-banks-defend-business-models/

[Kprawn]

"Dapp writes that a viable strategy for banks would be to use "certain parts" of the blockchain for their own purposes, a decision he said would necessitate removing the P2P nature of the technology in its current form."

So this will be the fiat system running on centralized banking systems, and have nothing to do with the Bitcoin Blockchain. They want a multi-function centralized ledger system. 
" The author framed consumer trust as the biggest advantage banks have over more industry-specific startups seeking to build on and popularize the technology. " Who is he trying to fool? Nobody trusts banks

after the 2008 financial crysis!
" Dapp argued banks could position themselves as the trusted holder of the cryptographic keys necessary to secure funds on a blockchain. " WTF is he smoking? Who would willingly give their password to

a bank... Oh... I nearly forgot that we do it already.
" Traditional banks should not rely on the regulator now," he continued, "but instead actively experiment with the new technologies in their labs and collaborate without prejudice in order to create their own digital ecosystem in the medium run. "

They bailed them out before and will protect them again... It's just how the masters work. 

[Denker]

Of course Banks will try to use Blockchain technology to secure their incumbent position and avoid disruption by Bitcoin startups.
I guess no one of us expected they will just us passing them by.
I still believe the banks will have no chance against decentralized open ledgers in the long run.
They will continue to manipulate the population with help of the governments and try safe their as***.

But Bitcoin can succeed if we as a community will stay together, keep growing and stop to argue about topics like block increase etc.
The more we argue and slower progressing the bigger the banks' sardonic grin will be.