Seeing a lot of success with bitcoin then what you want to do. Specially those who are in financial industry. Create a new bitcoin which they own something like a mimic.
After that they have fater transactions and transparent ones which they cant do for a long time. They only offer your privacy but the files are still intact and can be seen. Here there wont be one.
Topic: Blockchain adoption by banking sector - page 4. (Read 3299 times)
"Banks are still researching on the use cases of blockchain tech"
And how long is it going to take till we see some, well, any bank implementing the blockchain technology for real? Bitcoin has been around for over 7 years (so has the technology behind it), and I guess it is more than enough to put in practice what you guys are talking about here, i.e. adopting the blockchain by the banking sector in some way. Where are any implementations? Or do the banks need another 7 years till folks come to understand that this technology has nothing to offer to a deeply centralized system such as a banking one?
And how long is it going to take till we see some, well, any bank implementing the blockchain technology for real? Bitcoin has been around for over 7 years (so has the technology behind it), and I guess it is more than enough to put in practice what you guys are talking about here, i.e. adopting the blockchain by the banking sector in some way. Where are any implementations? Or do the banks need another 7 years till folks come to understand that this technology has nothing to offer to a deeply centralized system such as a banking one?
Banks and other different sectors will adopt blockchain technology to store their data in distributed ledger, other than that bank may actually upgrade their traditional internet banking to blockchain based transactions. Banks are still researching on the use cases of blockchain tech, so it will be hard to tell what exactly banks are looking to do with this tech.
it is blockchain (the technology) not bitcoin. which means the banks and so many other financial groups are very interested in this technology and want to "create their own altcoin". they will make a ledger and possibly not even make it public and use the technology to increase their security, and speed for internal transactions.
That's right, they like the blockchain system and they want to copy ours, that would help for the banking industry for a faster and more transparent transaction but my concern is the centralization. I am pretty sure that is the big different between bitcoin and possible blockchain technology of the bank, with that plan, it is not considered as a treat for the bitcoin community but it would help us to be recognize since we are the original of that system. 
The banks are trying to create a currency using the blockchain technology while the other banks would just integrate the blockchain system in their transactions. China for example have adopted blockchain technology and hence they will release their prototype fiat digital currency this September to replace the Chinese Yuan. The reason for their move into a cashless society is to solve the issue on tax evasion, money laundering and forgery.
Bank is have their own Digital money but unlike Bitcoin is have a blockchain technology that can record every transaction that user made.So every bank that know Bitcoin they want to make like a blockchain technology.
Yeah, as someone that's been working some summer jobs at a bank in its technology group, I can tell you, blockchain is one of those big buzzwords that's constantly flying around. As everyone was mentioning, many banks have begun investigating blockchain technology for fast, secure transactions, though I don't think any big bank is near adoption.
It's actually quite interesting to see the sorts of technology that banks are investing in looking into. The one I worked at, for example, was researching possible ways VR could enhance client experience in the future.
It's actually quite interesting to see the sorts of technology that banks are investing in looking into. The one I worked at, for example, was researching possible ways VR could enhance client experience in the future.
All Corporate business will some day be using blockchain technology.
The blockchain allows for easy, verifiable, transparent, and easily auditable transactions. It eliminates the opportunity to "cook the books". It makes transaction-heavy business easy to keep records of and audit.
It's something we should all celebrate. Adoption of the blockchain is good for bitcoin, it legitimizes bitcoin.
The blockchain allows for easy, verifiable, transparent, and easily auditable transactions. It eliminates the opportunity to "cook the books". It makes transaction-heavy business easy to keep records of and audit.
It's something we should all celebrate. Adoption of the blockchain is good for bitcoin, it legitimizes bitcoin.
They need blockchain to quickly confirm transactions on a global scale. Currently, when you transfer money abroad from one bank to another, you need the transaction to be manually confirmed by an operator in your local bank and then by another operator in the target bank. Also the transactions are prone to human error and not encrypted, which means both operators see your personal details.
The more money you're sending, the more people will need to check and confirm the transfer, to lock out the possibility of a cashier modifying the transaction and sending a couple millions to his personal account.
The more money you're sending, the more people will need to check and confirm the transfer, to lock out the possibility of a cashier modifying the transaction and sending a couple millions to his personal account.
it is blockchain (the technology) not bitcoin. which means the banks and so many other financial groups are very interested in this technology and want to "create their own altcoin". they will make a ledger and possibly not even make it public and use the technology to increase their security, and speed for internal transactions.
For the well informed, can someone englighten on what the banks are doing with block chains?
Is it simply using blockchain to confirm transaction? All looks so fancy.
Take for example the latest report about using blockchain for small business facilitated by banks *
What do they really do?
*http://www.coindesk.com/new-small-business-blockchain-actually-big-deal/
Is it simply using blockchain to confirm transaction? All looks so fancy.
Take for example the latest report about using blockchain for small business facilitated by banks *
What do they really do?
*http://www.coindesk.com/new-small-business-blockchain-actually-big-deal/
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