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Topic: [2016-02-18]European Central Bank is Open to Blockchain Technology (Read 321 times)

legendary
Activity: 1442
Merit: 1014
Blockchain technology would be most useful for low transaction fees and transparent finances. Once banks implement this, users will be more willing to use banks other services including investing.

Just because banks will be able to reduce costs and therefore increase their profits, I can not see any advantages for the users.
Do you really think banks will use a kind of open blockchain which can be audited for the average joes from outside?!Keep dreaming!
That's not gonna happen! They will still come up with dirty tricks, probably even better ones, to fool us.
legendary
Activity: 896
Merit: 1000
Blockchain technology would be most useful for low transaction fees and transparent finances. Once banks implement this, users will be more willing to use banks other services including investing.

the average joes of this world will stick to banks no matter what. the block chain technology can definitely make the financial world a bit more transparent, but the majority of these average joe guys won't even notice a difference. people like us who want to see the financial world change will definitely notice it. because we know how things work and what the block chain can do.
sr. member
Activity: 588
Merit: 251
Blockchain technology would be most useful for low transaction fees and transparent finances. Once banks implement this, users will be more willing to use banks other services including investing.
sr. member
Activity: 791
Merit: 271
This is personal
The European Central Bank (ECB) has revealed that it is taking a close look at exploring the potential of blockchain technology for a multitude of services that it helps collaborate with other central banks in Europe.

The European Union’s central bank has, in a report, revealed that it is looking toward new innovations such as blockchain or distributed ledger technology to help run payment and settlement systems.

https://www.cryptocoinsnews.com/european-central-bank-is-open-to-blockchain-technology/
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