[2016-03-11] CD: Deloitte: Blockchain Systems Could Rival ACH Network By 2025

[LiteCoinGuy]

Deloitte: Blockchain Systems Could Rival ACH Network By 2025

A new report by the Deloitte Center for Financial Services predicts that permissioned blockchain payment systems will see "significant transaction volume" by 2020.

http://www.coindesk.com/deloitte-blockchain-ach-2025/

[notthematrix]

sounds like compuserve in 1994 , we all know what happend.....
https://www.youtube.com/watch?v=UlJku_CSyNg 1994 interview.

and this 1990 comercial .....https://www.youtube.com/watch?v=s1_yx_Eg9v4

[aso118]

Isn't ACH one of the most antiquated settlement systems, taking one or two days for payment transfers?
Compared to this, delays in transaction confirmation and block congestion seem like mild problems. 

[LiteCoinGuy]

sounds like compuserve in 1994 , we all know what happend.....
https://www.youtube.com/watch?v=UlJku_CSyNg 1994 interview.

the camera-geek knew everything - lol 

[Denker]

sounds like compuserve in 1994 , we all know what happend.....
https://www.youtube.com/watch?v=UlJku_CSyNg 1994 interview.

Aaaahh that video is so great!
Asking each other what the @ means and internet in general is.

guy: What is internet anyway?
left chick: Internet is that massive computer network.The one that's becoming really big now.
guy: What do you mean? How does it...?What?Do you write to it like mail?
left chick: No a lot of people use it and communicate with nbc, writer and producers?? Allison do you know what internet is?

I just love it. This is almost the same we are going through with Bitcoin and crypto currencies right now.

[notthematrix]

sounds like compuserve in 1994 , we all know what happend.....
https://www.youtube.com/watch?v=UlJku_CSyNg 1994 interview.

the camera-geek knew everything - lol 

and this is NOW ,,,,,, https://www.youtube.com/watch?v=d0mg9DxvfZE

[BellaBitBit]

"Could Rival" - how about "Will Replace"?  ACH is tremendously out dated and slow.  Of course it will rival it.

[LiteCoinGuy]

sounds like compuserve in 1994 , we all know what happend.....
https://www.youtube.com/watch?v=UlJku_CSyNg 1994 interview.

Aaaahh that video is so great!
Asking each other what the @ means and internet in general is.

guy: What is internet anyway?
left chick: Internet is that massive computer network.The one that's becoming really big now.
guy: What do you mean? How does it...?What?Do you write to it like mail?
left chick: No a lot of people use it and communicate with nbc, writer and producers?? Allison do you know what internet is?

I just love it. This is almost the same we are going through with Bitcoin and crypto currencies right now.

back then, people were uncomfortable when they said "@" or "e-mail". today they are uncomfotable when they say "Bitcoin" or "the Blockchain". People will know these words in the future.

[offlinedragon]

Of course it has strong potential, Even the banks and system not a fan of bitcoin have taken a liking to the blockchain technology.

[European Central Bank]

How come the US banks are so freaking slow compared to Europe? In alot of countries there transfers are instant and free. Even the cross border stuff is usually same day.

[hv_]

and this 1990 comercial .....https://www.youtube.com/watch?v=s1_yx_Eg9v4

Awesome!  Im sure that young boy is Peter Todd!
 

[aso118]

How come the US banks are so freaking slow compared to Europe? In alot of countries there transfers are instant and free. Even the cross border stuff is usually same day.

They are slow compared to even third world countries. Banks there make a ton of money on the float. Nobody needs to be paid interest when money is "on the way". Hence, I think there was no real need to improve / innovate.