Can blockchain replace bank?

[ripzombie]

In it’s deepest ideas it can be organised like bank, but I don’t really believe we will have it in the nearest future

[sngwinner]

Blockchain is a great technology and I believe banks can adopt it, maybe in the future, to make their services more efficient. I do not think blockchain can replace banks as you think.

[mbah]

It is hard to see how blockchain can replace banking system at this point yet. We all know the potential of blockchain and we can see how beneficial it will be to see proper recording and immutable nature of blockchain. In the future however, this should be possible!

blockchain maybe could not replace banking system.but it could be implemented in other place to make effiency progress.blockchain technology actually good for fianance transaction.

We had been going to see blockchain technology replace the bank. and indeed blockchain can instead be implemented or can be adopted for the bank. security system owned blockchain will make the bank has new technology for the transaction and of course, this will be very helpful.

[elwiswoodie]

of course, with blockchain we can make money transfers like banks do, but with blockchain we can get more money, that is, when we send money using coins, the transaction costs will be lower, the delivery speed in seconds,
we can also save like investing with related coins

[Godday]

It is hard to see how blockchain can replace banking system at this point yet. We all know the potential of blockchain and we can see how beneficial it will be to see proper recording and immutable nature of blockchain. In the future however, this should be possible!

blockchain maybe could not replace banking system.but it could be implemented in other place to make effiency progress.blockchain technology actually good for fianance transaction.

in blockchain transactions it is possible to be able to adapt from that bank, but there will be many weaknesses and there should be a lot of redevelopment for blockchain

[Ociwiw]

The fact is that in addition to transactions, the bank still performs a number of functions, so at this stage the blockchain is not able to replace the bank!

[qiwoman2]

I think banking will always exist but banks will adopt blockchain technology and where the unbanked are it will be cheaper to get peeps using a mobile phone into the banking system by just using electronic currency for all their needs, so banking costs will be reduced. I do think banking as we know it will change eventually as more and more people start living on the blockchain and doing things in a more decentralized way than what we have been used to in the past. Before we always relied on central entities, now we are reshaping our destinies in a more decentralized way and democratizing money as it were.

[uniquark]

The fact is that in addition to transactions, the bank still performs a number of functions, so at this stage the blockchain is not able to replace the bank!

Blockchain, I think it's just a technology to make bank operations faster and more transparent. Also I never thought that blockchain could replace the bank

[katelynsk]

People always need a choice, and while blockchain and banks are not almost similar (and they will never be), we will have both. In addition, none of the is an ideal solution for all cases, so there's no sense to choose only one of them.

[sulis sudibyo]

I think crypto will never replace the bank's function. but the bank will adopt blockchain technology. make the system used by banks more transparent and safe. for example some projects about banking today.

[LastRolling]

Nope. Blockchain can never replace banks. Its like asking whether internet can replace banks. Blockchain is a technology. Banks will embrace it and use it as part of their system. However, cryptocurrencies more likely to take out a chunk of customer base from banking.

[Dwey]

Yes there is a lot of possibilities that blockchain based cryptos can replace banks and other intermediates.Saving a huge amount of time and other paper work for the customers.

[powerglade]

I Would say banks will adapt and use blockchain as a new technology. It is like any new Artificial intelligence technology , it takes over some of our tasks and we need to implement the work force in other emerging departments within our businesses /Banks.That is how we evolve .

[sky_Gritzz]

It is hard to see how blockchain can replace banking system at this point yet. We all know the potential of blockchain and we can see how beneficial it will be to see proper recording and immutable nature of blockchain. In the future however, this should be possible!

no i think is posible for blockchain replace bank system for adopting blockchain technology in their system and making transaction faster, but imposible and difficult for blockchain replace bank

[Marainoli]

The blockchain can replace bank. It is a new era of technologies and the whole world will work for a blockchain soon.

[curly228]

Of course, and if you still take into account that some banks are already working on the blockchain, then the blockchain has a good future.

[mutanu]

The blockchain can replace bank. It is a new era of technologies and the whole world will work for a blockchain soon.

I don't think that it will occur so soon as you count. But in any case to it everything goes. Soon on a nemnoga the blockchain will begin to take root into a bank sisitema and to force out it.

[heritage35]

Blockchain technology is a technology that can be utilized by any organization. Not necessarily replacing banks, but that banks can utilize it for the enhancement of their services. No wonderful the governments of some countries are considering it to be a useful tool.

[Troysen]

That could happen, it has all the functions that banks have, for example, you can make secure transfers and transactions, you can avoid double spending, it is protected against most attacks, so I do not see a feasible reason why it can not replace our current financial system ... of course the government have to let that happen, good luck with that.

[Privatoria]

There are already many decentralized cryptocurrency exchanges. The next step should be their development and transformation into decentralized banks operating with digital assets. This will bring the entire banking system to a new global level and will provide access to financing even in the most remote parts of the Earth.