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Author Topic: Bank using blockchain :o  (Read 143 times)
brawdias
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May 08, 2018, 01:43:41 AM
 #1

This spanish bank made a loan using blockchain!!


"Blockchain can offer clear advantages for all sides in the corporate loan market in terms of efficiency, transparency, [and] security… It’s another strong example of how disruptive technology can be used to add value to financial services, something that is central to our strategy.”

https://cointelegraph.com/news/spanish-bbva-becomes-first-global-bank-to-issue-loan-using-blockchain

I found this super important for the future of blockchain, as a good example on how blockchain will benefit banks, instead of taking the banks place.   
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BlockFolksHQ
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May 08, 2018, 07:47:25 AM
 #2

Blockchain of bitcoin is actually now being known by the public not only bank, but logistic field and etc. They know the advantages of blockchain, so they try to use it to implement in their own field. Actually it is a good news.

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May 08, 2018, 08:25:20 AM
 #3

Blockchain is very advantageous, especially when money is part and partial of the transaction. Banks need blockchain technology because it will make things easier and transactions faster. Many agencies are seeing the importance of blockchain techbology. And big companies are seeing the need to incporporate blockchain technology into their system.

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May 08, 2018, 09:01:28 AM
 #4

banks and other corporations that are working with fiat (for example PayPal) are all afraid of bitcoin. they have been from the early days that it came out. but some choose to ignore their out-of-date status and instead attack bitcoin in the media but others choose to adopt blockchain technology and try to adapt with the new world so that they can compete.
guess which one is going to survive the future!














 

 

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Saiful Islam777
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May 08, 2018, 09:03:20 AM
 #5

Bitcoin is not applicable in the banking sector. But Bitcoin has some own bottles that can be used by traders who use it. Presently it has not started in all the countries.
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May 08, 2018, 09:10:44 AM
 #6

Good news.
I think in the future banks will use blockchain technology, whether for internal interest or anticipating fraud.
blockchain is a future technology that has many benefits for its users.

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May 08, 2018, 10:58:39 AM
 #7

This spanish bank made a loan using blockchain!!


"Blockchain can offer clear advantages for all sides in the corporate loan market in terms of efficiency, transparency, [and] security… It’s another strong example of how disruptive technology can be used to add value to financial services, something that is central to our strategy.”

https://cointelegraph.com/news/spanish-bbva-becomes-first-global-bank-to-issue-loan-using-blockchain

I found this super important for the future of blockchain, as a good example on how blockchain will benefit banks, instead of taking the banks place.   

If the bank can adjust, it is not impossible that the presence of technology such as Blockhain precisely so an opportunity. Creating a conducive ecosystem is also needed for Blockchain technology to be optimized. The development of information technology is difficult to dammed. If careless, technology can make the bank slumped.
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May 08, 2018, 04:40:20 PM
 #8

Even though allowing someone else to handle our money is not a great idea but if it is a blockchain based decentralized project, I would be happy to try it. I believe that it will work like those decentralized exchanges out there but still, it would be challenging in implementing loan/repayment services. The traditional banks are already testing blockchain technology to optimize their current working infrastructure and we will see most of the banks will be using it in the coming years.

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May 08, 2018, 04:52:56 PM
 #9

many banks are impressed with blockchain technology.
transparency on the blockchain is very strong, chances are the banks of the future will use some sort of blockchain technology.
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May 08, 2018, 05:12:08 PM
 #10

I found this super important for the future of blockchain, as a good example on how blockchain will benefit banks, instead of taking the banks place.   
Blockchain is not meant to take banks place. It will be good that the technology will be used as in this example. But yes, a lot of us are hopeful that bitcoin dominance will result in reforms in a lot of banking practices by bringing more transparency and accountability to them.
This can be accomplished in a scenario when the use of bitcoin becomes too important for banks to ignore and they have to follow the ethos of bitcoin rather than trying to co-opt or suppress it like they are doing at present in the name of utilizing "blockchain" technology.

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July 16, 2018, 08:44:33 AM
 #11

I have been saying this for sometime now that a time will come that Banks and Blockchain shall coexist. The use cases for Blockchain are so many that we can never finish mentioning. It cuts across every sector- Finance, Health, Sports, etc
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July 16, 2018, 08:53:04 AM
 #12

Actualy banks are experimenting with Bitcoin for a quite time now. Maybe they are not so much interested in Bitcoin but in blockchain technology are very much.
They are testing it to improve their current business model and blockchain is applicable in many segments.
Blockchain is not only limited for cryptocurrencies, it can be used in many industries and businesses and that is good.
I can't see how could this harm Bitcoin, just the opposite.

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July 16, 2018, 08:57:06 AM
 #13

The use cases for Blockchain are so many that we can never finish mentioning. It cuts across every sector- Finance, Health, Sports, etc
Yeah this isn't only for cryptocurrencies and for the banks as well, blockchain is widely offering a vast upgrade and innovation for almost every sectors in the economy.

The adoption of blockchain is almost talked all over the world and even one of the richest person e-commerce entrepreneur, Jack Ma will adopt the technology.

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July 16, 2018, 09:48:51 AM
 #14

I have been saying this for sometime now that a time will come that Banks and Blockchain shall coexist. The use cases for Blockchain are so many that we can never finish mentioning. It cuts across every sector- Finance, Health, Sports, etc
blockchain.  Well this is the technology of the future.  Not just banks trying to put blockchain into operation.  All areas of the world are trying to apply their own blcokchain technology to their models.

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July 16, 2018, 09:55:46 AM
 #15

Good news!!! Another bank has understood that this is the future, and if not to join it one can remain in the past or completely disappear. This is another big + bitcoin - for one bank in the media there is less melt which leads the cold war with bitcoin ...

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July 16, 2018, 10:03:02 AM
 #16

Banks should use Blockchain to apply to the user management system. Blockchain will allow users to easily control transactions through the system and eliminate fraudulent transactions in banks, so everyone can see and control the whole operation of banks.

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July 16, 2018, 10:18:56 AM
 #17

Blockchain technology is very easy and fast to work. Or transferency is very strong. I think it's may be possible in the future bank will use this block chain technology.
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July 16, 2018, 11:26:29 AM
 #18

Awesome news! Finally we get more safety in banks.
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July 16, 2018, 11:31:12 AM
 #19

thats good to hear blockchain will bring alot of security to banks. change is good in this case!

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July 16, 2018, 11:35:40 AM
 #20

There is nothing to be surprised about, blockchain is good for working with both cash and non-cash currency.
The technology of building blocks into a chain will soon be applied everywhere, because it is convenient.
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