Can blockchain replace bank?

[Torbeks]

I don't think so. I don't see any reason why would bitcoin replace banks. We all know that majority of our legal transactions are being handled by banks and crypto or bitcoin doesn't have anything to do with it. I fail to see the connection between the two. Bitcoin are used for payments and transactions while banks are worth more than that. Even with the technology bitcoin has, it will never replace banks.

[HichemFetoui]

yes I think so but this will not occur in one-day blockchain have a long way to go it must solve user experience problems and scalability issue to be able to compete with banks good luck with your investments choice

[lebedi]

Banks are losing their clients even now and I am sure that it will be going on as well because blockchain is more reliable and could be controlled by people.

[asayoyaasa]

Blockchain can't replace bank position yet. But, blockchain technology can be use by bank. If blockchain replace bank, then we need new regulate for the world wide.
You know there is so many place that no internet access or etc.

[bitcoinbuyer]

This technolody is very nice and it really could be used everywhere but banks will be with us for so long and it will be hard to pass them and toe move to the crypto.

[george_hured]

I am sure that this will happen, because the situation now with the banks is very much fed up with ordinary people, so now we already have a lot of smart contracts that have already been written and are already working.

[itsik78]

A forecast for the next ten years is much more likely. According to him, the Blockchain technology in banking will be used already by 40% of banks. Although this is not a fact. To begin with, many respondents have not yet decided whether they will implement this technology. And if they do, they do not know when this will happen.
The blockchain in the banking sector will definitely be introduced. Banks of several countries are ready to use this technology even now.

[dulinivanrus]

I know that the blockchain can replace the work of an accountant but to replace the complex infrastructure of the Bank I'm not sure ! But to help in the innovation it can !

[jekainvestor]

It is real fact that one day the Blockchain may replace banks, but for the far future, and we are moving next forward to it. But nowadays, just right today or tomorrow, it is not possible - because nowadays banks will not allow this, when they come to this decision and will be ready to changes, it will happen one day.

[Argoo]

The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?

Blockchaine is a technology, and just a technology cannot replace such a multifunctional structure as banks. If you mean Bitcoin, then he can not replace the banks. Banks perform various useful for the state and for people functions that neither cryptocurrency nor its blockchaine technology can perform.
And in general, banks will remain as long as the state exists, because banks serve the country's economy. If there is any threat to the existence of banks, the state will eliminate any threat, including the prohibition of any cryptocurrency, if it interferes with the functioning of banks.

[Lintel]

No. Blockchain is a technology while bank is an organization. They can't replace each others.

I agree with you. I Don't think blockchain can replace bank..Banks has different transactions  to blockchain. Blockchain sometimes is like bank when you can withdraw your money through inlibe and pay your payment online but no ine is in control of blockchain unlike bank.

[cliber]

Does blockchain have the capacity to replace banks?
For me, the bank has its own system for serving every transaction. Technologically, banks are very good if implementing a blockchain system, because with the sophistication and ability of the blockchain to execute millions of transactions in seconds.

[thichtieuthuong]

The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?

The application of Blockchain technology is very broad and very modern. It is used in many forms such as sales management and sales. In my opinion this possibility is entirely possible by some countries are using it and it will replace the tasks of the bank in the future.

[CokeCoin]

I don't believe blockchain will replace banks, I think it will rather work together in some cases if some banks will apodt blockchain technology in any form. But I believe banks will stay.

[paulk11087]

In fact, the two are not in a position to replace each other. Blockchain technology is actually a technology that can be used in banks. At this point, I think it would make more sense to compare the currencies used by banks with bitcoin. I think this will end soon.

[rafa_uefa3]

The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?

as guys, properly answered - these two are different things, but as i understand, topic starter means "if with futher development of blockchain and implementing it in real life companies, could it replace banks ?"
as i think the main sense is in collaoration, banks not so bad at all, they have several thousand years history and experience, that can't be thrown away, but advantages of blockchain - speed (not all, but many new), transparency are really useful for implementation

[Mas Ustad]

In fact, the two are not in a position to replace each other. Blockchain technology is actually a technology that can be used in banks. At this point, I think it would make more sense to compare the currencies used by banks with bitcoin. I think this will end soon.

Yes I also agree if that problem were not for gan but grow the technology instead of blackkoin so that we have to be compact and get it all

[Cmoh]

Blockchain never can replace the bank but the bank will or may adopt this system in their business system. Never lose faith in your bank because the bank is the safest monetary system.

[sky_Gritzz]

this is imposible for blockchain replace bank, because i'm sure Blockchain need bank for addopting this technology, both need each other and cooperate

[austinsku]

I don't see why people expect this - what profit this will give to us? I think there is a normal way when banks and crypto exist side by side. Money can't be replaced even in 100 years in the future