Topic: Can blockchain change financial industry? - page 11. (Read 1987 times)
I suppose yes, the problem is time. Really digital money is very good, it offers many benefits and outstanding features. There is no currency with fast and transnational trading rates as digital money
Blockchain can really change many sectors including financial one because it makes everything more decentralized and transparent.
Blockchain is new technology which change a lot of things in the world. In nearest future a lot of things will be based on it.
Here is an article: https://icoguide.com/en/blog/blockchain-in-the-real-world-industries-it-can-revolutionize-and-change-everything
Author claims, that blockchain will be able to change financial industry. What do you think? Do you agree?
Here is an article: https://icoguide.com/en/blog/blockchain-in-the-real-world-industries-it-can-revolutionize-and-change-everything
Author claims, that blockchain will be able to change financial industry. What do you think? Do you agree?
Of course he can and will change! For banks, it is advantageous to use blockchain because it cuts costs by 20-30%. Using this technology, money transfers will become faster, you will not need to store all the data in the archives, everything will be stored on one or several servers. Undoubtedly this will simplify the work for the banking system and I think that in 1-2 years most banks will use the blockchain system.
The blockchain will greatly reduce the settlement time of funds in cross-border payment, and also reduce the amount of cash and guarantees undertaken by financial institutions, thereby reducing settlement risks!
This is especially important in international transactions, as these transactions take several days to complete compared to traditional bank transfers, but blockchain technology can be done almost instantly.
This is especially important in international transactions, as these transactions take several days to complete compared to traditional bank transfers, but blockchain technology can be done almost instantly.
Yes, blockchain will definitely change the financial industry as it keeps things transparent enough for the public to track.
I am sure that the blockchain can change any industry, not only financial. And by the way, many projects are implementing blockchain in the financial industry: online banks, the maintenance of accounting for business, the conduct of business for private entrepreneurs, investment funds. Even charitable projects, which are also connected with accumulation of funds, are also trying to introduce on the blockchain. And in the near future, I am sure, will implement.
The financial system of any country includes the formation and expenditure of different types of state budget. At the same time, the use of blockchain technology will counteract corruption schemes, which will give impetus to the development of the economies of countries. Someone will not like it) But to resist the offensive of the blockchain is already useless))
Blokchain is already slowly changes the system. Recently, some of the countries of the European Union signed an agreement on the development of blockchain technologies. This thing is so universal that in a few years it will be introduced into the existing financial system.
I think so, but it won't happen as fast as many people think. While the cryptocurrency market is highly volatile, large corporations will not use them in large transactions.
Many people say that the blockchain will first be used in the financial industry because it is very suitable for it to use. However, there are still too many performance bottlenecks in the blockchain that prevent it from being used in large quantities. Can only be used as a low frequency transaction.
There are some bottle neck situation when it comes to scaling but that will change with time, there are many ideas being thrown out and i hope we will be able to scale like visa in the future, even now it can be used for big transactions worldwide without any hassle but the real win comes when we are able to scale on a level when the entire world can transact on a daily basis. 
This technology is already changing the current financial industry, and there are companies that adapt to this and use it and there are companies that try not to do it and eventually lose.
The blockchain is a technology with a good and transparent system. It's nice to be applied in a wide variety of industry and not just about crypto only. with technology from Blockchain then this will be a revolution for the industry to become even better in the future. even today many once who adopt this Blockchain in the development of their industry in a variety of fields.
Yes, I completely agree . everything is just a blockchain that is gaining popularity only because people need it . If there was no need for it, there would be nothing
Blockchain is new technology which change a lot of things in the world. In nearest future a lot of things will be based on it.
Here is an article: https://icoguide.com/en/blog/blockchain-in-the-real-world-industries-it-can-revolutionize-and-change-everything
Author claims, that blockchain will be able to change financial industry. What do you think? Do you agree?
Here is an article: https://icoguide.com/en/blog/blockchain-in-the-real-world-industries-it-can-revolutionize-and-change-everything
Author claims, that blockchain will be able to change financial industry. What do you think? Do you agree?
Blockchain is changing financial area yet. And for me it is very interesting to be a witness of new era in financial industry. I believe that blockchain will change not only finances but also many other spheres of society.
answer is YES, I think it already done by the blockchain and it will change further more in future.
Absolutely Yes ! I believe that this technology allows us to open new horizons in our future and even now ! With its transparent and clear functions !
I'm sure that Bitcoin and Ethereum will be able to replace the entire financial system sufficiently. I think that this will begin to happen through 5 tapes.
Block chain has the strongest adaptability in the financial industry. I believe that all sectors will use block chain technology to maintain the corresponding system and data.
Theoretically, the blockchain can do this, but no one knows how long this will take in practice. The old financial system will not simply replace itself, it will try to take control over crypto currencies.
I agree with you. The old system has control over the world and will not give it up easily.
I think that the best chance we have to change the financial industry is to collaborate with the existing system and try to change it piece by piece.
I have no doubt about it. Blockchain has very bright future and many people, companies and even countries admit this fact.
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