Bank using blockchain :o

[p3ppymon]

Finally we are moving forward for another real life application. One thing I wonder is the interest rate charged by the bank to the customer. I presume it would be more competitive with respect to the bank rates.

[Slavyanskiy]

I think, over time, more banks and other organizations will use, in their work, a blockchain.

[Sema1984]

As I know, russian banks already use blockchain for the internal operations.

[raidarksword]

If this news is true and legit then it's a good news indeed. This would be great and gives a boost on blockchain technology as well as to bitcoin or any crypto currencies adapting blockchain technology.

[Bugcoin5]

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.   

Being an innovative technology and having great potential for further growth, Blockchain attracts huge investments. Many large international banks such as UBS and Barcleys ,are experimenting with Blockchain to accelerate deals, ensure transaction safety and data security. Thus, the technology is promising to optimise many processes in the industry.

[Khalp1]

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.   

Lots of banks are adopting Blockchain Technology for their remittances & payment solutions. Major banks are either in R&D stage for implementing blockchain in their main CBS (Core Banking System ) or in implementation phase for integrating the blockchain in their legacy systems.The power of blockchain comes from the fact that it can process transactions in a secured fashion and creates a perfect and reliable digital record.

[george888055]

 I have heard some bank in Germany plans to enable its customers to make free person-to-person fiat currency payments using blockchain.

[rudox]

Blockchain has other uses apart from cryptocurrency trading. Blockchain was used by Russia to conduct their election which was attested to be free and the result was declared in a record time. If Bank in Spain are now using blockchain to effect loan then this is  a very good piece of news.

[gasparyu]

Many companies and institutions now are more utilizing blockchain and realizing the benefits of it. this can greatly influence on how the future maybe.

[Bitdressa]

if the bank is already using this blockchain will further simplify the user who may be mutually beneficial anatara peluna and also the bank.

[poletando]

of course the bank will use blockchain because blockchain is the secure system, we know that the priority aspect in bank is secure, and we can see in the blockchain system, so i think that it will good if the bank and the economic system in the world is using blockchain as their main system

[Erul13]

The national bank is currently conducting continuous trials to implement the bank's blockchain system. The reason is that many conceded in my country, hopefully, they immediately apply it. of course, this is a good step for blockchain.

[mmo_online_1981]

Some banks have tried Blockchain technology! Technology of the future!
I would like that!

[droptableguy2]

Finally we are moving forward for another real life application. One thing I wonder is the interest rate charged by the bank to the customer. I presume it would be more competitive with respect to the bank rates.

It can happen. Interest rates throughout the currency bank may be small and not as desired by the user. It is hoped that Blockchain Bank will have a more advanced opportunity to serve people as well as the community using electronic money.