Poland bank starts to use blockchain for documentation authenication big step!

[rdbase]

With some banks in the US dipping their toes into using blockchain technology for their banking business but only offering it on an invite only basis. This bank being one of the top 10 banks in poland is starting to use it on a daily basis and to a wider customer base.

source https://www.forbes.com/sites/hanktucker/2019/06/17/polish-bank-alior-uses-public-ethereum-blockchain-for-new-document-authentication-feature/#4d980f1644a6

This is a major step for the banking system in starting to use it and the beginning of acceptance in using and relying on it for wider functionality.

[avikz]

Any data intensive sector can make use of blockchain to maintain the integrity of the data and to ensure security of it. Not just banks, but even a lot of governments have started using blockchain technology. One of the examples below,

https://www.cryptoground.com/a/first-blockchain-based-birth-certificate-issued-india

But are these going to help crypto in any way?? The simple answer is NO!! Cryptos are the most misunderstood use case of blockchain. Adoption of blockchain doesn't help adoption of cryptos! No matter how great it is, that's the saddest part among this cheering news!

[LTU_btc]

Again, adoption of blockchain technology isn's something positive to Bitcoin and crypto. These two terms are confused very often. Blockchain isn't same thing as crypto. Lot of big companies and banks are interested in blockchain technology, but it doesn't mean that they are positive about crypto.

[drumamat]

Again, adoption of blockchain technology isn's something positive to Bitcoin and crypto. These two terms are confused very often. Blockchain isn't same thing as crypto. Lot of big companies and banks are interested in blockchain technology, but it doesn't mean that they are positive about crypto.

This is especially true of banks and the public sector.They It is not so important cryptocurrency how important the technology of the blockchain.Blockchain is a cool technology that will be used in any activity in the near future.And apparently the Polish Bank will be one of the first who will begin to apply this technology in practice.

[Payme21]

Great news as this is surely going to drive up the push for widespread adoption of blockchain. It has a whole lot of benefits

[auntyjmary]

This is a good step by the bank, productivity would surely increase through the right application of blockchain. For people who believe in blockchain technology, this is the kind of real life application that we need. Blockchain technology can be applied in many sectors that are essential to humans and not just the financial sector.