Blockchain can help banks

[groomsxxx]

it seems to me that when the blockchain starts direct interaction with banks and cryptocurrencies it will be a huge financial revolution

[ukboss]

Recently i see BTV News about Blockchain Technology and they are dis cause how to help Blockchain to Bank. They want to add a Blockchain system with his Bank Transfer so In This moment Blockchain system can help any kind Bank. Blockchain is a decentralize platform so it can help Bank and Landing calculation Property so it is now very famous in this world.

[AurumService]

Blockchain can help banks but banks don`t want to accept the help. Bankers don`t want to risk their money, their stability and their status. They have a lot of things to lose and for now the majority of them aren`t ready for innovations.

[Khailequang334]

in my opinion, most of banks in the world are going to use blockchain for the money transfer in the future 

[Exte]

As i know, already many banks have begun to implement blockchain. So much news was that this would reduce prices, thanks to the blockchain.

[Ilegendph]

Another indication that banks can use blockchain as an ally, instead of seeing as a competition.


https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X

Actually, this is a threat to existing cryptocurrencies because one advantage of cryptocurrency to banks is that it is faster to send money using cryptocurrency compared to banks. If this happens, I believe people will choose banks over cryprocurrency because it is more legitimate and supported by the government compared to cryptocurrency.

[tokexchain]

Another indication that banks can use blockchain as an ally, instead of seeing as a competition.


https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X

Banks don't give a Monkeys Uncle about us, our communities, the long road of technical discovery with BTC and the ALTs, all they care about is money, money for themselves, I do hope the banks will all go away and we can have full control of our own money - the banks were once an important part of the monetary system but with Blockchains and decentralized options available NOW, do we really need them anymore? (and the FATCATS that run them).

[VclDm]

I think blockchain can help banks. Today, the blockchain technology and the cryptocurrency market are growing rapidly. Most countries in the world are involved in the money market. Traditional banks want to grow and survive, with the help of blockchain. In the future, blockchain will be a solid foundation for banks.

[bitbunnny]

Block chain can help banks transactions easily. Ripple already its a part of bank transaction, major banks should be use blockchain technology, but many countries are not aware of this technology. In near future may be we can see all bank transactions through block chain technology

And not just to banks but also to many other businesses.
Actualy banks are experimenting with blockchain technology for a long time now and they will surely implement it in the near future.
Banks maybe don't like cryptocurrency very much but they understand the advantages of new technologies and they want to implement and adopt them for their best interest and profit. So banks interest for blockchain is nothing new and surprising.

[molenracing]

Of course, if the Bank is willing to use BlockChain technology then the Bank will cut expenses to pay for its Employees, Besides With Blockchain technology later We do not have to queue for hours at the Bank counter to make transactions. Blockchain technology currently in possession of Bitcoin, is a great future technology. anyone using it will benefit greatly.

[Thomas petersen]

I have also thought about that. Blockchain is a revolutionary invention which can be used for many purposes. And its also very beneficial for banking system too. Financial records and transaction system of banks can be modified with blockchain technology. I dont know why they are so against it.

[Mohamme]

Banks need to use blockchain technology.
But there is no need to encrypt money markets, and most of the time it looks like a mere hype.

[zolfa]

you are right, today i see many public is bored with the primitive transaction system so that many public are interested in the blockchain system.

if the bank uses blockchain, then blockchain will save the bank and help the bank from death, if not using blockchain, then the bank will die.

simple but realistic

[cokkapaga]

Of course, Blockchain can be help for the financial instantions include the banks.
Blockchain is the future technology and blockchain is a solution.

[mensha]

With the development of the Blockchain technology, there are many industry applications and processes are using Blockchain concept for their core functionality. Blockchain has following characteristics;
1.       Decentralized
2.       Trustable (Trust inbuilt-No need trust)
3.       More secured
4.       Redundancy addressed

With above characteristics, Blockchain is penetrating into more applications and processes. Even bank can use this technology for their transaction recording and many other applications using Open and distributed ledger architecture.

[vv181]

It is indeed they can maximize the benefits of Blockchain, and I cant see they make it as the competition since the first time. The only bank and governments worry about is lack of controls. Which is exist in many cryptocurrencies because of the power from Blockchain. the technologies that Blockchain offers can be helpful to achieve a decentralization.

[tarpa07]

In this world blockchain is a decentralized and modern technology. Recently too many country understand blockchain system and to Many Bank want to use blockchain system because day by day people know how to use blockchain. When people don't understand what is blockchain on the time people can't understand how to use blockchain but recently so many country already use blockchain system for his company so it is a very helpful for any kind of bank transfer.

[Coinlover9]

The blockchain technology will help in the long run.

[crustycrab666]

Utilization of blockchain in banking will definitely bring many positive impacts. The previous system that used the central server was limited with the presence of a third party, by using blockchain the access to financial services will be wider. In addition, customer and institutional data will be safe and efficient.

[Polly.Nochka]

Banks, despite the enthusiasm for the Blockchain, are wary of such companies, claiming that the blockchain enterprises are "high-risk" traders. Perhaps their skepticism is dictated by fear to accelerate their own doom.
Regardless of who will prevail in the end - the irresistible power of technological change or the immovable array of financial services, the most conservative branch of the world - the clash between them promises to be hot.