The idea of using blockchain in banks is something we can consider and hopefully adopt. I mean with blockchain being use, it will be a lot faster and cheaper when it comes to payment transactions and that is something I think everyone would want.
but everything goes back to the governments of each country I guess, if indeed it's more get support, till can deepening it.. the possibility that it will happen, but if on the contrary.. it will still be opposed because of certain concerns. We will know where the times will take us. 
Topic: Blockchain can help banks - page 4. (Read 554 times)
The idea of using blockchain in banks is something we can consider and hopefully adopt. I mean with blockchain being use, it will be a lot faster and cheaper when it comes to payment transactions and that is something I think everyone would want. Since blockchain enables transactions to be completed much quicker than is possible with centralized systems, there is less time for someone to intervene and divert payments, or to capture transaction information.
its right, I agree with your opinion, rather than thinking negatively about bitcoin and Blockchain technology should banks use blockchain for the financial or economic world.In the era of digitalization at this time I think bank banks in the world will work with the blockchain and they implement a system blockchain in sisitem bank
Banks do not benefit Blockchain. Bankers hide money from depositors to manage money.
Open Blockchain removes the need for banks as such
Open Blockchain removes the need for banks as such
Another indication that banks can use blockchain as an ally, instead of seeing as a competition.
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
They don’t see the blockchain as competition; they see Bitcoin as competition. They are intent on milking the blockchain model to improve efficiency in the banking system. There definitely is potential to do that, given the armies of back office staff that banks employ for reconciliation.
Another indication that banks can use blockchain as an ally, instead of seeing as a competition.
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
Adapting decentralized technology in a centralized company makes no sense for them, this technology is the solution for eliminating that centralized concept, but ofcourse banks and governments dont want that to happen so they want to destroy it, to put it simply, we dont need that centralized or middle men on this economy
Blockchain has long been actively used in the banking sector. For example, you can take a cryptocurrency Ripple. Ripple has already signed partnerships with a number of banks. In the near future, I think Ripple will enter into new partnerships with banks.
Another indication that banks can use blockchain as an ally, instead of seeing as a competition.
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
Don't you know what's inside bitcoin genesis block?
In the era of digitalization at this time I think bank banks in the world will work with the blockchain and they implement a system blockchain in sisitem bank
Another indication that banks can use blockchain as an ally, instead of seeing as a competition.
you are confusing the blockchain aka the technology with bitcoin aka the currency build using this technology. the banks (some of them at least) see bitcoin as the competition and are scared of it, some others see it as an opportunity to make a lot of money by offering new set of services in the near future.
the blockchain technology however, is different because that is what they can use to build their own currency, and also use for a lot of other things that this technology lets them do.
in short when you hear some bank is considering the blockchain technology they are not talking about bitcoin.
Another indication that banks can use blockchain as an ally, instead of seeing as a competition.
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
I think that banks can never co-exist with blockchain ever. But, in time, we will be able to create a blockchain technology which can mimic the abilities and services offered by a bank. It will be much faster, safer, and more efficient because technology always aims to make our lives more easier. Thanks for sharing this great article and I truly believe that Hongkong will lay a stepping stone on this one. https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
That's right, I agree with your opinion, rather than thinking negatively about bitcoin and Blockchain technology should banks use blockchain for the financial or economic world.
blockchain will revolutionize the banking and finance industry if they decided to use it thus it's far less expensive and super fast for transactions. It could save banks millions of dollars by removing the authenticating layer
Some banks want to adopt blockchain technologies,but all the banks want to see cryptocurrencies destroyed.
I`m not sure how the blockchain can be more efficient than the ordinary transaction technologies.It still has a lot to improve.
We do not need banks in this new economy. A new type of decentralized organization will emerge to help with credits and loans. But banks, as they exist now, will no longer be a utility.
Another indication that banks can use blockchain as an ally, instead of seeing as a competition.
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-says-performs-first-trade-finance-transaction-using-blockchain-idUSKCN1IF01X
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