Can blockchain change financial industry?

[Xumnelok]

I figure blockchain can radically change and enhance the money related and Bink arrangement of the world. Presumably blockchain is the best creation throughout the previous couple of years. Blockchain is a chance to exchange reserves without go-betweens and without huge commissions.

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[JeffBrad12]

I figure blockchain can radically change and enhance the money related and Bink arrangement of the world. Presumably blockchain is the best creation throughout the previous couple of years. Blockchain is a chance to exchange reserves without go-betweens and without huge commissions.

The blockchain will be very helpful to create the modern economic system to minimize the risk and cost from the traditional system. Remember it's about to change the traditional economic system into the future economic system and blockchain will have needed by so many constitutions in the future consider it was offering a lot of advantages.

[Valentina N]

Yes of course! For example I believe in blockchain as in technology but I don't trust to people! What the reason is all make transparent, safety and honest?

[Thekingofgodftu01]

Blockchain technology is able to eliminate intermediaries and improve existing operations models. The financial system on the blockchain will contribute to the expansion of access to financial services in all countries of the world. The new digital currencies will facilitate access to the system for people who are currently unable to use financial services. So, yes, blockchain is able to change to world significantly.

[Faeton]

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?

Yes, blockchein technology can change and significantly improve the financial world system. And not only the financial system that will change, including because of the introduction of the crypto currency. The technology blockchein will change the economic system, as it can make a lot of practical improvements to it. Not very perceiving the decentralized crypto currency, almost all the states of the world very positively perceived and evaluated its technology blockchein.

[viewcoins]

If we take into account that many States recognize the cryptocurrency officially and begin to regulate, it will definitely change the financial industry.

[provide_life]

I think Blockchain will fundamentally change the financial industry around the world, as there will be no need for banks on which the entire economy currently holds.

[elpsycongro]

Sure blockchain can change financial industry by bringing more trust and stability into it, but no one knows much time it will take for blockchain become mainstream in finance

[moeth]

This is of course, the first industry to change the blockchain is the financial industry, and then the blockchain will radiate to all industries, and many industries will rely on blockchains in the future.

[MoreMoneyHunt]

The Blockchain is already causing a significant positive impact in the financial industry as the paradigm is now being shifted from centralization which is practiced by the banks to decentralized, practiced by cryptocurrencies. With the help of the Blockchain, payment methods have been made easier and simpler without any third party involvement which normally lead to further delays.

[puttkim]

Blockchain technology is the wealth of the world. Now governments are working hard to implement the practical application of blockchain technology, and major groups and enterprises have begun to graft blockchain technology. The future application of this technology will be very extensive. As for crypto, I don't know how to evaluate it. I think only BTC will not be eliminated.

[kizumin]

I believe it will change the financial industry for a better but here will always bad people try to abuse it for their own gain.

[-VOL-]

Blockchain technology is the wealth of the world. Now governments are working hard to implement the practical application of blockchain technology, and major groups and enterprises have begun to graft blockchain technology. The future application of this technology will be very extensive. As for crypto, I don't know how to evaluate it. I think only BTC will not be eliminated.

I agree with you that blockchain technology is the wealth of the world but, i dont know about how soon it will be all around the world and how soon we will receave mass adoption.We need to wait and see what will be in future!

[jamids]

The Blockchain is already causing a significant positive impact in the financial industry as the paradigm is now being shifted from centralization which is practiced by the banks to decentralized, practiced by cryptocurrencies. With the help of the Blockchain, payment methods have been made easier and simpler without any third party involvement which normally lead to further delays.

There is already plethora of change in the financial industry due to blockchain technology. It is easier for people now to transfer funds because of blockchain since a wallet is much easier to make than a bank account. The paradigm shift is inevitable because some people are just fed up as to how the banks abuse their authority charging their services a higher fee that they make the depositors feel that they are the owners of the money instead of the other way around. It's time to make the banks feel that there is already an alternative.

[codegm]

I think it will be possible next 5 year, it will be change all the thing we know yet. Cyrpto pay, new investment style, much profit investments, different things possible on the cyrptocurrencies world

[rainmonsoon]

I agree. It can definitely happen. I have been in particular following projects that can potentially play a key role in this transformation in the long run, projects that focus on disrupting financial services and have the substance that is needed to get there.

My most recent find among alts is AXU of the Argentas project, "Argentas Exchange Unit" token issued on the Stellar platform and listed and verified on the Stellarport decentralized exchange, now only at its pre-distribution, or pre-ICO phase. A true hidden diamond, with low profile so far. Experienced people clearly, and cool tech for decentralizing and revolutionizing global banking - their website at argentas.io.

The pre-ICO price is 50% cheaper than the ICO price, a sure winner IMO, and I will certainly get some. They also have an ANN thread, I think here https://bitcointalk.org/index.php?topic=4431900.0. I dug really deep in their content, and it is really cool stuff But do your own research, that's your best risk management tool.

[Hypnosis00]

It really depends on the team behind the project that will be created that will be focusing in the financial industry, if the financial industry will be adapting the blockchain technology then they should focus on the common problem first before creating something so they will get an easy idea and they can expect a massive adaption in their idea.

[Master_Obi1]

Ofcourse. I think invention of blockchain is a huge step for humanity, it can not only change financial industry, but almost any area of our live from schools to banks.

[kolsernik]

I agree. I'm sure bitcoin will turn the financial world upside down.Within 5-7 years it will be used by many more people than nowas.Everything goes to this.

[pidonkmo]

Blockchain is the future, both for the financial system and for other businesses. Blockchain will be able to radically change the whole world, not limited to the financial industry. Already, there are examples of successful uses for science, medicine, cinema, robotics, etc. Just counting the time will come when it happens.