commander11
Sr. Member
Offline
Activity: 548
Merit: 250
0x3f17f1962B36e491b30A40b2405849e597Ba5FB5
|
|
July 12, 2018, 02:35:40 PM |
|
In the near future, this was likely to happen when every institutional and conventional company embrace blockchain technology. As of now, we cannot feel the difference because there are only few who develop blokchain in its platform including google, IBM, microsoft and Silicon Valley. I think this will eventually grow in 2 or 3 years from now.
|
|
|
|
Titonioii
Newbie
Offline
Activity: 71
Merit: 0
|
|
July 12, 2018, 02:56:50 PM |
|
Blockchain can definitely change the financial industry. Blockchain technology has the potential to make a lot of inefficient processes cheaper, easier and safer.
|
|
|
|
RXKING
|
|
July 12, 2018, 06:38:46 PM |
|
In the future, Blockchain technology will have many applications in relevant industries, not just the financial industry. It can be said that Blockchain technology is a breakthrough to transform the financial industry. Blockchain creates a transparent business and faster transactions. It's safer to store data on a blockchain system because the data is scattered in many places and can hardly be changed.
|
|
|
|
bitivan
Newbie
Offline
Activity: 105
Merit: 0
|
|
July 12, 2018, 06:41:28 PM |
|
I have no doubt about it. Blockchain has very bright future and many people, companies and even countries admit this fact.
|
|
|
|
jjdub7
|
|
July 12, 2018, 06:46:52 PM |
|
Theoretically, the blockchain can do this, but no one knows how long this will take in practice. The old financial system will not simply replace itself, it will try to take control over crypto currencies.
I agree with you. The old system has control over the world and will not give it up easily. I think that the best chance we have to change the financial industry is to collaborate with the existing system and try to change it piece by piece.
|
|
|
|
jackmoon
Member
Offline
Activity: 117
Merit: 10
|
|
July 13, 2018, 02:34:55 AM |
|
Block chain has the strongest adaptability in the financial industry. I believe that all sectors will use block chain technology to maintain the corresponding system and data.
|
|
|
|
Milla Komani
Member
Offline
Activity: 224
Merit: 10
|
|
July 13, 2018, 11:52:00 AM |
|
I'm sure that Bitcoin and Ethereum will be able to replace the entire financial system sufficiently. I think that this will begin to happen through 5 tapes.
|
|
|
|
artemdubina88
Newbie
Offline
Activity: 322
Merit: 0
|
|
July 13, 2018, 12:11:04 PM |
|
Absolutely Yes ! I believe that this technology allows us to open new horizons in our future and even now ! With its transparent and clear functions !
|
|
|
|
nipunjay123
Newbie
Offline
Activity: 15
Merit: 0
|
|
July 13, 2018, 12:15:32 PM |
|
answer is YES, I think it already done by the blockchain and it will change further more in future.
|
|
|
|
last7minutes
|
|
July 13, 2018, 10:05:06 PM |
|
Blockchain is changing financial area yet. And for me it is very interesting to be a witness of new era in financial industry. I believe that blockchain will change not only finances but also many other spheres of society.
|
|
|
|
Balorck
Newbie
Offline
Activity: 105
Merit: 0
|
|
July 15, 2018, 04:24:06 AM |
|
Yes, I completely agree . everything is just a blockchain that is gaining popularity only because people need it . If there was no need for it, there would be nothing
|
|
|
|
castiloros
|
|
July 15, 2018, 04:48:50 AM |
|
The blockchain is a technology with a good and transparent system. It's nice to be applied in a wide variety of industry and not just about crypto only. with technology from Blockchain then this will be a revolution for the industry to become even better in the future. even today many once who adopt this Blockchain in the development of their industry in a variety of fields.
|
|
|
|
newuser20
|
|
July 15, 2018, 06:07:56 AM |
|
This technology is already changing the current financial industry, and there are companies that adapt to this and use it and there are companies that try not to do it and eventually lose.
|
|
|
|
eaLiTy
|
|
July 15, 2018, 03:52:10 PM |
|
Many people say that the blockchain will first be used in the financial industry because it is very suitable for it to use. However, there are still too many performance bottlenecks in the blockchain that prevent it from being used in large quantities. Can only be used as a low frequency transaction.
There are some bottle neck situation when it comes to scaling but that will change with time, there are many ideas being thrown out and i hope we will be able to scale like visa in the future, even now it can be used for big transactions worldwide without any hassle but the real win comes when we are able to scale on a level when the entire world can transact on a daily basis.
|
|
|
|
bizzargin
|
|
July 18, 2018, 03:49:01 AM |
|
I think so, but it won't happen as fast as many people think. While the cryptocurrency market is highly volatile, large corporations will not use them in large transactions.
|
|
|
|
Underw00d
Member
Offline
Activity: 350
Merit: 10
|
|
July 18, 2018, 03:55:14 AM |
|
Blokchain is already slowly changes the system. Recently, some of the countries of the European Union signed an agreement on the development of blockchain technologies. This thing is so universal that in a few years it will be introduced into the existing financial system.
|
|
|
|
Nikolas_the_Wonderworker
Jr. Member
Offline
Activity: 238
Merit: 1
|
|
July 19, 2018, 10:48:58 AM |
|
The financial system of any country includes the formation and expenditure of different types of state budget. At the same time, the use of blockchain technology will counteract corruption schemes, which will give impetus to the development of the economies of countries. Someone will not like it) But to resist the offensive of the blockchain is already useless))
|
|
|
|
happy weblancer
|
|
July 19, 2018, 11:55:45 AM |
|
I am sure that the blockchain can change any industry, not only financial. And by the way, many projects are implementing blockchain in the financial industry: online banks, the maintenance of accounting for business, the conduct of business for private entrepreneurs, investment funds. Even charitable projects, which are also connected with accumulation of funds, are also trying to introduce on the blockchain. And in the near future, I am sure, will implement.
|
|
|
|
vanan
Newbie
Offline
Activity: 134
Merit: 0
|
|
July 19, 2018, 01:03:49 PM |
|
Yes, blockchain will definitely change the financial industry as it keeps things transparent enough for the public to track.
|
|
|
|
ganlianshifu1
Member
Offline
Activity: 392
Merit: 10
|
|
July 19, 2018, 01:18:16 PM |
|
The blockchain will greatly reduce the settlement time of funds in cross-border payment, and also reduce the amount of cash and guarantees undertaken by financial institutions, thereby reducing settlement risks! This is especially important in international transactions, as these transactions take several days to complete compared to traditional bank transfers, but blockchain technology can be done almost instantly.
|
|
|
|
|