Can blockchain replace bank?

[sergey1301]

It's possible. And that would be great. But I think it can happen in the very distant future.

[Necroface]

maybe in 2050, but beofre that it is not easy, first people must get higher ranks in the evolution and then bank owners who control the world must let this or who knows, world may change.

[MirclIX]

Cryptography will enter the work of modern banks as an innovation in 2019. When will cryptography replace banks completely? It is difficult for me to answer this question unequivocally.

in the near future, cryptography may enter the banking sector, but I think it will not be able to completely replace it.

[genapena]

I think that the banking system will be able to use blockchain technology for carrying out certain operations and storing data. This will be very positive for the development of cryptocurrency.

[felicita]

i think it will not repace them but its a very good option beedide the normal (bank) payments.
I mostly prefer a blockchain based payment. But using booth currently .


regards

[rickyis786]

The answer is no,block chain technology can work parallel with banks. banking system has to be  adopt this technology in future. because both are different system that can be work together.

[Dreamr]

Nah, I don't think the Blockchain will ever replace banks because Government own the banks. In time the government will create their own blockchain and maintain it in their own way. 

[SarahAfiah]

the blockchain does not provide cash but banks can provide cash, between the blockchain and bank interconnections even though the function is the same for saving savings but the authority is very different. banks still have full power in mastering finance than blockchain

[anders2000]

Blockchain is a very interesting technology that is very open and transparent. I do not think that banks will be able to work on such a system.

[Um Nik]

the blockchain does not provide cash but banks can provide cash, between the blockchain and bank interconnections even though the function is the same for saving savings but the authority is very different. banks still have full power in mastering finance than blockchain

It could be somewhere in the near future whee banks incorporate Bitcoin into all of their payment systems.

[thinkme1st]

It's possible. And that would be great. But I think it can happen in the very distant future.

No it's not possible but Banks may adopt Blockchain technology in future because it is more reliable, secure and fast and in my opinion it will take years since not many people aware about this.

[pleci]

Nah, I don't think the Blockchain will ever replace banks because Government own the banks. In time the government will create their own blockchain and maintain it in their own way. 

chances are the bank will only use the Blockchain system. if to replace it, I think it's difficult, but if you talk about that possibility, then maybe that happens. But still I think it's more likely for banks to only use blockchain technology because it's difficult to change the things we usually use like banks.

[ravinesolz]

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

What the hell? Are you kidding?  Blockchain was created to be an alternative for these institutions. As the new technology it should be much better in the modern world.

They are two different things and the organization can adopt Bitcoin one day. People don't know when they will use another Currency.

[paulgh]

Interesting idea. I think yes, blockchain can replace a bank, but not totally, maybe blockchain can help a bank for more secure transaction.

[Rob768]

I think that all banks will integrate blockchain in their work. I heard about plans of changing Swift by Ripple blockchain. It would be great.

[Suleiman the Magnificent]

Probably will not replace. Because banks are trying to adapt to blockchain technology and they will improve themselves in order not to lose control.

[mammy777]

At present, the banking system cannot be replaced with cryptography. The banks have a familiar and understandable structure, a new cryptography system, incomprehensible and in many countries, an unaccepted system. Perhaps the banks will use the blockchain and the system to merge.

[regexlove]

I think such a replacement is theoretically possible, but in practice it will take a lot of time and resources to bring it to life and adapt people to it !

[tuvic01]

Yes the blockchain will and can replace the bank if the various government in every countries can incoporate it and safe themselves from the excess cost printing if papers for fiat money do cost, also it will reduce the crime rate as you wouldn't need to carry physical cash around again. So I think yes the blockchain can replace bank

[Bardadym]

The fact that many banks will disappear is a fact! but those who will work on blockchain technology will be able to reach a new level