Can blockchain change financial industry?

[Juggernautbtc]

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?

Of course he can and will change! For banks, it is advantageous to use blockchain because it cuts costs by 20-30%. Using this technology, money transfers will become faster, you will not need to store all the data in the archives, everything will be stored on one or several servers. Undoubtedly this will simplify the work for the banking system and I think that in 1-2 years most banks will use the blockchain system.

[tamango]

Blockchain can really change many sectors including financial one because it makes everything more decentralized and transparent.

[thaokhuyen05]

I suppose yes, the problem is time. Really digital money is very good, it offers many benefits and outstanding features. There is no currency with fast and transnational trading rates as digital money

[altcoinhunter01]

yes,this technology have the potential to change every industry as many innovative things are going on in blockchain and we will see the effect of it in many fields and financial sector is also part of it as every sector want to implement it in their field due to transparency.

[toygama]

There is a lot of money transfer and transaction in the financial market every day, and the blockchain technology will significantly reduce the transaction settlement time!

Using block chain technology can significantly reduce cost, payment speed and fraud risk, which can ensure the transaction is verified and completed in an instant!

Yes obviously this technology can help a lot in this kind of transaction if more people recognize it on how useful and applicable the system is.

[andor.gellenhidi]

Definitely yes! Because today the market needs just a blockchain of technology that keeps everything that is and nothing is lost and lost, if you have everything correctly set up, today such technology will allow you to fully see the situation.

[shad_ow90]

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 think so, for example with Ripple, in the future, when all whole bank system over the world accepted it for transfer money of users between banks each other, traditional transactions at now will be removed. And maybe, cash also will be no longer

[ACHANCE]

I think so yes, it will change many industries, but the most important thing is to make the technology more widely available for everyone without specialised knowledge or tools.

i agree with you much more  really this need specialized and tools to change financial and other industries

[stimliall]

The application of blockchain technology in the financial sector will completely change the way the transaction process and records are saved, thereby significantly reducing transaction costs and significantly improving efficiency.
Blockchain technology allows more people to enjoy more convenient and safe financial services!

[DONATE]

Yes, maybe, but for the better or not it is an actual issue at the moment, in my opinion.

[clickerz]

The application of blockchain technology in the financial sector will completely change the way the transaction process and records are saved, thereby significantly reducing transaction costs and significantly improving efficiency.
Blockchain technology allows more people to enjoy more convenient and safe financial services!

Of course it will really change the financial industry and its revolutionary. Now, many innovations are already in place,revolutionizing remittances,banks and more fields. Blockchain technology is gaining grounds and give more years and its everywhere.

[secdark]

I myself will strong believe that blockchain can really change our financial industry and  other sector in our community.  We cant easily do appreciate the beauty on it but by enjoying it benefits like in provides security and transparency and it would allow for faster buying and seeling processes  to everyone is really a significant role in our daily lives.  It eliminates the middlemen and all the unnecessary cost that could really gives a big impact and saves us money.

[BigBoy89]

The application of blockchain technology in the financial sector will completely change the way the transaction process and records are saved, thereby significantly reducing transaction costs and significantly improving efficiency.
Blockchain technology allows more people to enjoy more convenient and safe financial services!

Of course it will really change the financial industry and its revolutionary. Now, many innovations are already in place,revolutionizing remittances,banks and more fields. Blockchain technology is gaining grounds and give more years and its everywhere.

I don't agree with you, because having the innovations ready is not enough. The establishment will fight against it and will hold it for as long as possible.  IMO it will take many years before block-chain make real difference.

[Qulakji]

I surmise that the bar will bait the monetary business. Blocchine is an extremely valuable innovation that can emphatically influence the advancement of the world. This innovation can likewise be utilized as a part of different everyday issues. This is unquestionably a standout amongst other innovations that I have heard over the most recent couple of years.

[Kulang]

In my own opinion, now that the use of blockchain technology is growing fast and many people now are getting to know the use of blockchain, I can somehow say that there is a big possibility and tendency that by the use of blockchain technology, financial industry that we all know can be change due to the reason that many people now are wants something new and with the use of blockchain it can be more innovative than what we have today.

[cc80aa]

  probably yes , It can change our financial industry using blockchain can easy to transanct all transanction in short time to more save time that is good of blockchain.

[azzag0000]

of course yes, because bitcoin is our future. Because blockchain technology promotes transparency and reliability, I think it is quite useful to fight fraud especially if a scammer is a central authority. I have a strong feeling that sooner or later many countries will adopt this technology and we will see a revolution in the financial industry.

[reality18]

Blockchain has already impacted positively the world's financial industry. The only thing left now is for all humanity to embrace this great technology and utilize it fully for our own benefit. With Blockchain technology, payment for goods and services in various sectors have been improved by fast transaction, good security, owner controlled etc.

[Emmanueldolapo]

YES, the blockchain can change the financial industry, tje world is growing faster in technology invention and in creation of easier method of payment and managements of assets. This is one of the reasons why they have come up with the blockchain technology which keep track of transaction records and everything stored on it.
In the coming years we will have to be using cryptos as a medium of payment for for services rendered and the use of mobile wallets will be the order of the day instead of banks. This will develop a cashless world and secure transactions with an end to end, peer to peer in the market place where you exchange your coins

[jaymor11]

Had that bank used blockchain technology in that system, that scam could have been avoided. But if the technology will be limited with the money, there will not be a crucial change in the financial industry. Using block chain technology can significantly reduce cost, payment speed and fraud risk, which can ensure the transaction is verified and completed in an instant!