Can blockchain change financial industry?

[erick0024]

It is amazing technology, it will change everything.

[sinkfish]

yes and its already happening. many bank already move toward blockchain tech.

[IndigoRed]

Blockchain as a technology is an absolute game-changer. Bitcoin and Blockchain promise to revolutionize financial transactions and digital trading, dispensing the need for banks, payment networks, credit card schemes or costly legal arbitration.
Also, blockchain’s use far exceeds digital currencies. The importance of blockchain to finance and financial markets is its potential beyond bitcoin.

[cryptobiolog]

Maybe this is the hope of the majority of cryptocurrency users. If more people will be involved in the system of calculations, we are waiting for a big change.

[hung690]

Dear friend,
Can blockchain change financial industry? This is a interesting questions for us to answer. I think the answer is yes, sure. AI and IOT will support the financial industry and change it in our eyes. The effects can be more wide. Sure!

[lili song]

Blockchain is one technology with transparent transaction forms. So it's possible for blockchain to change the financial industry, and many companies will run ICOs to generate funds and continue to use coins / tokens as their payment method.

[Rony24h7]

Blockchain system was a very good system unless this system is used to scam people and just wiped away their all money. 1st people believe in this but now people know that very few blockchain systems are real and almost all of them are fake so it has created a very bad impact in this market and many people loss faith and stop investing in his market which destroys the market very badly. Now many people think that is this thing change the financial industry so my answer is good and trusted blockchain system can surely change the market but the not all the blockchain system will have that impact its not and easy thing to say answer easily rather we should know more about that but we see lots of failure in this blockchain system and its an open truth so lets hope for the best.

[ParabellumLite]

It is possible that Bitcoin is no longer used to change paid users, but it is the cryptocurrency leading the blockchain revolution, and many technology experts believe that blockchain can be changed a lot of fields exist

[virtual_miner]

I'm not sure that it will change the financial sector, but pay attention to the attention of financial groups, they are watching blockchain as a way to transparently invest resources to eliminate frauds trade

[Rockkey]

Blockchain can change not only the sphere of finance. He will change a lot of spheres in our life. This is politics, medicine and logistics, and much more.

[ven7net]

If we look at history, we can see how new technologies came into our lives and stayed in it. As for the financial sphere, it has already changed many times and right now we are moving into the digital fiscal era. Yes, maybe not so actively this is happening, but a lot has already been done to implement the blockchain and every day this technology is growing in our world. So the information in the article may well be the one that awaits us in the near future.

[Janevinex]

Yes , of course, look how many countries want to subdue the cryptocurrency, definitely change it will change and already changed !

[darthmaul]

Why not, this can be done for sure. I mean today banks are struggling with the overload of transaction that is done by them. I guess financial system is also like that and the only difference is that they are very strict about using it and that is the reason they might just switch to the blockchain. If it is like that then surely they might be onto something. Financial system is currently running on the swift tech and thus I believe that it is not enough fro them and they will need to have other alternate to this or at least pushing system too. In such cases I am sure that blockchain will be used vastly.

[YinShuiSiYuan]

Yeah, maybe. If, in the future, the cryptocurrency market displaces the market of the real economy, then the financial industry will undergo great changes and restructuring.

The cryptocurrency market doesn't displace real economy because it's a small part of it. World economies are based on the banking system and political influence, which do not care about increasing the importance of cryptocurrencies. However, blockchain technology will certainly have a positive impact on many areas of the economy, not only financial.

[Iranud]

  Blockchain is already changing the financial system. Which is one of the top dynamic system and easily accepts change. The use case of Blockchain can't be thrown into the dustbin. It's would surely take over. Just time.

[BZingerB]

Next year, the sphere of crypto-currency will be accepted by the world. We are waiting for legislative regulations on regulation!

[liveyourlife]

I think that is exactly what will happen. The banking system will sooner or later switch to blockchain.Development and change are inevitable. No turning back. When the use was cash only. Now it is impossible to imagine life without credit cards.

[mrcastelo]

I think blockchain would not only change the financial industry but will also be the future of financial industry. Because using blockchain technology you can do banking and financial business anytime , anywhere in a secured , fast and reliable way.

[Xclusive5]

The blockchain technology is actually changing the financial industry gradually. The technology has been entering the mainstream financial system in the world. I believe more and more adoption of blockchain will unleash the full potential of blockchain on global financial industry.

[ROB18]

Definitely, blockchain can help not just the financial industry but other industry as well. I love blockchain becuase it can solve many issues with regards to a lot of paperoworks and corruption. God bless the technology and hope government authorities will also look into this.