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Author Topic: Can blockchain change financial industry?  (Read 1948 times)
akadiimamontov
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May 07, 2018, 04:20:17 PM
 #121

Of course I agree. blockchain is a breakthrough not only in the financial sector, blockchain is a breakthrough on a global scale.

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May 07, 2018, 05:07:44 PM
 #122

there are some banks in Europe, especially in the UK who started to accelerate blockchain, but unfortunately they are still hampered by regulations that have not allowed bitcoin to enter the system, so that they can only take advantage of the peer-to-peer system of blockchain without any step refinement and development publicly.
skorupi17
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May 07, 2018, 09:14:09 PM
 #123

Blockchain is new technology which change a lot of things in the world. In nearest future a lot of things will be based on it.

The "new technology" phrase there is obsolete. Blockchain has been there for 9 years. Though it is young, I won't say that it is "new".


Here is an article: https://icoguide.com/en/blog/blockchain-in-the-real-world-industries-it-can-revolutionize-and-change-everything

Author claims, that blockchain will be able to change financial industry. What do you think? Do you agree?

Blockchain will not change the financial industry, blockchain changed it already. Many companies ran ICOs to produce funds and are constantly using coins/tokens as their mode of payment. So, practically, the financial industry was already changed. Not in general or large scale but still.
Catmurs
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May 07, 2018, 09:16:13 PM
 #124

I think the answer here is very obvious , some projects already prove it , you just need a little time and there will be a big breakthrough in this

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May 07, 2018, 09:16:43 PM
 #125

maybe in the distant future - so be it. in the meantime, I don't think he's gonna change anything.
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May 07, 2018, 10:15:53 PM
 #126

If blockchain is used for financial management it is a great thing because management will be easier and information will always be secure and anonymously absolute. Developers are adopting block technology and rigorous research into the applications it brings to life. I'm looking forward to the blockchain technology going from the virtual world to the real world and helping people.

onesalt
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May 07, 2018, 10:21:03 PM
 #127

Yeah, most probably it will change financial industry. Many people thought that fees that we pay (which is crucial for banks) will reduce in the near future. Transfering money will be a lot more easier. There will be many changes in the near future.
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May 07, 2018, 10:30:24 PM
 #128

I think it has already changed the financial industry partially and only needs a general adoption to revolutionalize the whole industry.
Without blockchain, btc, eth,dash e.t.c
Wouldn't have been a  store of value or medium of exchange for goods and services.
There are also few finacial institutions  around the world that have adopted and integrated blockchain into the running of their day to day operations thereby making  operations smoother, easier and efficiently.
zbaharudin
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May 08, 2018, 05:27:58 AM
 #129

I think like smartphones that interfere with the journalistic industry or retail stores, blockchain will also overshadow the financial industry. And in the future I think all business sectors will adopt a blockchain system.
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May 08, 2018, 05:43:03 AM
 #130

Maybe this time it's already going on, and the more people will choose something easier and cheaper. Maybe in a few years there is no choice for the financial industry other than to compromise with blockchain.
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May 08, 2018, 05:51:23 AM
 #131

The application of blockchain in finance has two levels. One is database, and the blockchain becomes a database of distributed ledgers. Compared to the database technology, it is mature and there are many practical applications. However, the database above the public blockchain still has a big problem. The second is efficiency and cost. It has been calculated that bitcoin's blockchain consumes electricity equivalent to the electricity consumption of a country in Denmark for one year. This cost is very expensive, and the total market value of the bitcoin blockchain currently carrying value. With only about 11 billion U.S. dollars, this system consumes a lot of energy, so it must be transformed.
Angelina Jolie
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May 08, 2018, 05:59:48 AM
 #132

He is already doing this, the blockchain will make the financial sector more transparent and structured. In general, there are many areas where this technology can be applied.

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mullzerwar
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May 08, 2018, 06:05:55 AM
 #133

Blockchain is new technology which change a lot of things in the world. In nearest future a lot of things will be based on it.

Here is an article: https://icoguide.com/en/blog/blockchain-in-the-real-world-industries-it-can-revolutionize-and-change-everything

Author claims, that blockchain will be able to change financial industry. What do you think? Do you agree?

I also think so. I believe that the blockchain may be part of the financial industry, probably will change their system although itis still steps by step.
Financial industries will need the revolutions and innovations, especially in their technology. The blockchain is an advanced technology with its advantages. Basically, we can wait for several times to know that they will
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May 08, 2018, 06:08:52 AM
 #134

I agree. even blockchain is not about finance only. the blockchain is a broad field and of course will be very helpful in every way. This will make it positive for crypto and blockchain of course.

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May 08, 2018, 07:54:58 PM
 #135

I think the blockchain can change the whole world. Not just the financial industry. Many examples of the application of this technology can already be found. Medicine, science, photography, cinema, robotics, etc.
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May 09, 2018, 10:37:13 AM
 #136

Yes, I agree, I think that the blockchain can change the world. At present, it seems to be difficult to achieve, but I am looking forward to the day when the blockchain changes the world.
huubao193t
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May 10, 2018, 03:50:24 AM
 #137

I think that yes, Blochchchayn will change the financial flow and very much, taking into account how quickly it is developing, in just a couple of years, and such a leap in distribution and use. It seems to me that a very important question is how all this will be regulated by the financial systems of governments, because with such a system, states lose a very large amount of profit.
Na1l
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May 11, 2018, 09:21:59 PM
 #138

Of course. I think blockchain has huge potential because it gives transparency and reliability. That's why i believe it has really bright future.
vivuta102
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May 12, 2018, 02:52:10 PM
 #139

Although you correctly noticed the tendency of embedding existing crypto currencies in the banking system.
markers
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May 20, 2018, 08:06:53 PM
 #140

Looks blockchain can create new tools and services in the financial industry. These services might significantly change the way how people and institution interact in the industry. Actually, it is not a matter of some further but the way how it is going right now.

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