Burogh
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COVIR.IO
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November 07, 2018, 12:21:05 AM |
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I am once read that banks will use blockchain for their service. I am believe blockchain will make revolution in our financial industry because with blockchain technology, many industry can save a lot cost |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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rricksu
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November 07, 2018, 12:23:40 AM |
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At this moment, blockchain is easily but surely penetrating the financial industry through the transactions that is happening all over the world. There is an enormous benefit brought by blockchain and financial institutions should bear it positively. |
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chairmanMao
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November 07, 2018, 05:48:59 AM |
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Yes, to know that the first change in the blockchain is the financial industry, you can draw conclusions from the ICO movement. There will be many industries in the future that will also be changed. This is the second rise of the Internet.
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markieeeloy
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November 07, 2018, 06:51:29 AM |
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I can say that blockchain can change the financial industry. Because when you say it is powered by a blockchain, you can assume that the transactions are fully not biased and cannot be manipulated by the system or the government. It is a pure transparent way when we are making transactions via blockchain.
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Nikolas_the_Wonderworker
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November 07, 2018, 05:08:38 PM |
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In order for one bank to make a transaction to another bank in another country, both databases must establish a connection. Although this method is protected, it still takes a lot of time and is expensive. Thanks to the block chain, the bank of all branches, regardless of their location, will be able to complete transactions almost instantly. This essentially eliminates the middlemen and all unnecessary costs.
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asepsetiawan1990
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November 07, 2018, 05:15:01 PM |
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The opportunity for blockchain will change the atmosphere of the industry very large. In addition to facilitating the transaction process with a system that continues to grow. This gives a positive value that helps increase productivity.
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dimonarka
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November 07, 2018, 05:25:52 PM |
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Sure yes! This is the newest step to the development and improvement of the economy. so I’m waiting for it to be accepted sooner and all countries will support
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AliMan
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November 07, 2018, 05:32:50 PM |
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Sure yes! This is the newest step to the development and improvement of the economy. so I’m waiting for it to be accepted sooner and all countries will support
Yes of course, because blockchain technology is current method to help our economy especially in financial. The proof of that are the users of cryptocurrency whose some of them are change their lives. So if they used blockchain in there country then surely they will have a great economy. Also not only there country will be have a good economy but also their people can help it mostly in financial once they accept it. |
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NakiRR
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November 07, 2018, 05:37:23 PM |
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i think it is fully possible and it will be changed towards positive side. A lot of financial ecosystems were already started and held ico's so we could see how is it going already very soon.
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ven7net
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November 07, 2018, 05:49:48 PM |
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As history shows, the financial industry has always evolved and changed. Today we see the development of a new technology, which actually shows good results and may well be a substitute for many outdated systems, including financial ones. Blockchain is already conquering the hearts of many people and many countries have already turned their attention to this technology and are now working on building completely new systems specifically on the blockchain. Based on this, it can be assumed that the blockchain is really prepared for implementation if not all, then in many systems. One of the first financial industries to be transferred to the blockchain.
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pazzanegro
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November 07, 2018, 05:56:34 PM |
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It will change financial industry. Blockchain shows that people dont need bank accounts for payments, and they dont loose anything. Transactions can be private If you want. What else do you need ?)
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Kupidon777
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November 07, 2018, 05:59:37 PM |
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Blockchain is applicable in many spheres of activity. Many companies are beginning to understand the benefits of blockchain technology. In ten years we will forget that we lived without cryptocurrencies and blockchain.
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Enzos
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November 08, 2018, 07:06:07 AM |
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The blockchain itself is a product of the financial industry. Blockchains are usually accompanied by coins. Of course, the application of the coin-free blockchain is not denied. But the mainstream coins in the future will still be very strong.
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erox
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November 08, 2018, 07:15:44 AM |
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I think blockchain is revolutionizing the world of electronic Finance right now, in front of our eyes. But the blockchain is still far from complete victory.
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elliuut
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November 08, 2018, 08:09:42 AM |
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It will definitely change the industry. The ability to have a reliable decentralized system which has a high amount of security will be favorable to banks all across the globe
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ellensmith025
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November 08, 2018, 10:35:12 AM |
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The blockchain is already changing the banking sector. For such a short time, the introduction of an accelerated transaction transfer system has already begun. It is also now convenient to follow the activities of banks in the blockchain network, which helps to track fraud.
There is only one drawback that not all banks or countries are in a hurry to introduce new technologies into everyday life.
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Freddy63
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SESSIA
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November 08, 2018, 10:36:52 AM |
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Why not? I've even seen some blockchain based ICOs claiming to disrupt financial industry. But it won't happen in 1-2 years.
10 years period should pass at least
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GmBoom
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November 08, 2018, 02:25:23 PM |
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Sure it does, because right now, when we try to look at the current marketcap in the cryptocurrency, you will surely look surprised. Cryptocurrency has a big help for us, especially in terms of making payments in a faster and easier and more convenient way.
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HARA │ Empowering billions through data one byte at a time |
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active706
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November 10, 2018, 08:42:57 PM |
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Yes, blockhain it`s our future. It`s a very perspective technology which provide to us safety, fast and clear data and money transactions. Blockchain it`s a revolutionary technology in world industry.
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rickn
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November 10, 2018, 09:24:25 PM |
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Financial institutions are inherently slow in adopting any new technology, but some of them have actually been exploring various Blockchain use cases for some time now.
For instance, according to CEBNet, of the 26 publicly listed banks in China, 12 have already adopted blockchain technology for various use cases within their systems. The same movement is occurring in other countries and more than 100 banks and financial institutions have already started some blockchain projects to implement in their systems.
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