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Topic: Can blockchain change financial industry? - page 21. (Read 1995 times)

jr. member
Activity: 518
Merit: 1
I think the answer here is very obvious , some projects already prove it , you just need a little time and there will be a big breakthrough in this
sr. member
Activity: 490
Merit: 256
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.

The "new technology" phrase there is obsolete. Blockchain has been there for 9 years. Though it is young, I won't say that it is "new".


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 will not change the financial industry, blockchain changed it already. Many companies ran ICOs to produce funds and are constantly using coins/tokens as their mode of payment. So, practically, the financial industry was already changed. Not in general or large scale but still.
sr. member
Activity: 1876
Merit: 295
GOD is TRUE
there are some banks in Europe, especially in the UK who started to accelerate blockchain, but unfortunately they are still hampered by regulations that have not allowed bitcoin to enter the system, so that they can only take advantage of the peer-to-peer system of blockchain without any step refinement and development publicly.
member
Activity: 350
Merit: 10
Of course I agree. blockchain is a breakthrough not only in the financial sector, blockchain is a breakthrough on a global scale.
sr. member
Activity: 539
Merit: 255
Yes, I agree. In fact, the financial system and industry are starting to change.
Many industry sectors are going to start their performance with such blockchain technology. They are also open to working with this blockchain technology.
As a result, hopefully, there will be many more parties or fields that will accept the cryptocurrency.
Personally, i guess they are welcome to changes and adapt to it. As clearly explained to what is the purpose of blockchain system and how does it work, i am pretty sure they are willing to take part of that change. The financial industry also has a lot to improve and maybe this is one of the solutions that might help them improve.
Another aspect of the financial industry that blockchain is changing is betting. Sports betting in particular is being changed through the coming blockchain BlitzPredict. There are some common problems with the way modern day sports betting works.
newbie
Activity: 196
Merit: 0
to my opinion blockchain will definitely change the world and financial industry many life has being changed and financial industry is changing gradually
sr. member
Activity: 402
Merit: 250
Yes, I agree. In fact, the financial system and industry are starting to change.
Many industry sectors are going to start their performance with such blockchain technology. They are also open to working with this blockchain technology.
As a result, hopefully, there will be many more parties or fields that will accept the cryptocurrency.
Personally, i guess they are welcome to changes and adapt to it. As clearly explained to what is the purpose of blockchain system and how does it work, i am pretty sure they are willing to take part of that change. The financial industry also has a lot to improve and maybe this is one of the solutions that might help them improve.
sr. member
Activity: 469
Merit: 250
I think personally, Bitcoin has created a new era. It's trying to change our lives. Now it has some influence. I believe it will bring tremendous changes to the world in the near future. And also other major Impacts will come from cryptocurrency and that may change the essence of the financial world, more than just an improvement in technology.


It’s the opportunity to get rich through buying and selling cryptocurrencies that is grabbing the attention of the mass public. But the technology behind these cryptocurrencies, blockchain, is where the real change is. And it’s safe to say that the change is taking place before our very eyes, especially in the financial industry.
member
Activity: 266
Merit: 10
Blockchain will change every sphere where is data. Some people still do not know what is it blockchain but soon it will be show to everybodies.
newbie
Activity: 27
Merit: 0
Of course, I think Bitcoin has created a new era. It is trying to change our lives. It now has a certain amount of influence. I believe that it will bring tremendous changes to the world in the near future. I am looking forward to this. Moment.
sr. member
Activity: 728
Merit: 250
Yes, I agree. In fact, the financial system and industry are starting to change.
Many industry sectors are going to start their performance with such blockchain technology. They are also open to working with this blockchain technology.
As a result, hopefully, there will be many more parties or fields that will accept the cryptocurrency.
legendary
Activity: 3178
Merit: 1054
it would surely change the financial industry, i think i've read it here that NASDAQ itself are somehow going to consider turning into a crypto exchange which probably means they are going to list blockchain projects and maybe give time for the big companies to trans into a bockchain company. for enough its enough to disrupt markets already and some from stock and forex market are already in crypto.
full member
Activity: 252
Merit: 100
definitely a blockchain will change the world, as yet quantum computers are not developed enough to hack blockchain, even if it comes to this, the blockchain also doesnt stand still
newbie
Activity: 100
Merit: 0
It can, it does and it will. It is a not mature yet, but even now if you look at the numbers of people involved and the marketcaps of some coins you will see how widespread and huge this thing is. Allow it some time and it will become a really big player on the world market field.
newbie
Activity: 210
Merit: 0
I think Yes. but the changes in the financial industry will be a nice change looks like. the system of blockchain itself very much applied in large projects and if the industry finance also applies this system then the security and comfort will certainly be increasingly assured.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
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?
That is the industry that bitcoin is going to change the most, the blockchain is also going to play a part but I think that bitcoin the combination of a blockchain and a currency above it, it is going to be more influential, that was that desire of satoshi to create a system that did not rely on any third party to send payments from one side of the world to the other, this is already changing the business of remittances and soon enough it will change the banking industry as well.
newbie
Activity: 364
Merit: 0
I think blockchain technology can change the financial industry because the technology is designed to help ease and provide many positive benefits for all industry sectors, including in the financial services sector where it can help the process of recording business activities digitally. this is a good opportunity for everyone to change their economy for the better.
jr. member
Activity: 392
Merit: 2
Of course it will. Perhaps it will be interesting to observe this. People just have to get used to everything new for a very long time. So in any industry. The trend for change is positive.
full member
Activity: 213
Merit: 100
Of course it can change the industry. I mean, every little thing can potentially change every other thing. It's not 100% impossible, if we're being really pedantic here Smiley
As far as crypto goes, it's pretty big right now and it's bound to get even bigger in the near future Smiley
newbie
Activity: 101
Merit: 0
It will not only change the financial industry, but in the future I think it will bring tremendous changes to many industries. Its decentralization makes it possible to save a lot of the cost of some industries. I think it will greatly facilitate people's lives.
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