Can blockchain change financial industry? - page 22.

Supercrypt

legendary

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Quote from: Tonygold1967 on April 16, 2018, 07:21:25 AM

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?

We are already beginning to see the effect of this even in a very short while and obviously there is no need to even doubt the fact that blockchain technology is going to be changing a whole lot of things in the financial sector which has always been the main target anyway.

Talking about auditing, transparency, accountability and so many more, blockchain brings all of that and that has always been the main idea of seeing things differently and getting to have a better financial future. Blochchain technology bring new level of advancement in to these fields in more reliable way.

That article is probably missing out what are big impact that blockchain technology may bring to other industries too. Because when data will be maintained in a distributed way then we cannot ignore other industries also for further development just due to blockchain technology. Based on current trend and interest of few people, we are going to see how banking sector is going to see huge improvements due to blockchain adoption.

bornMercurial

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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.

yugyug

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It will definitely change the financial industry, blockchain is transparent and tamper-proof form of transaction. The strong security feature of blockchain not only applies in financial industry but also to other business sector like manufacturing industry, real estate, medicine, health, logistics and even political voting system can also be applied with blockchain technology this is how the blockchain will change the world.

morrisby25

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The block chain has the tendency to change the financial industry as we are already witnessing. Just like when the internet came as a new technology, many did not think it would become a global technology that everyone will be using today. It is exactly the same thing that is happening with the block chain technology. Change and innovation is inevitable. Therefore, the block chain technology will definitely replace the financial system but this will take a very long time. The Banks are already experimenting with the block chain technology so let us be patient and see how things unfold with time.

herromerro

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I think it can change and I belive it started to change it already. So soon we can see many security tokens which can be traded by people all around the world witout any barrier.

Dervish doff

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Before I answer whether I agree, I am very impressed with the performance of blockchain, I think this is an innovation for transparency for the public, I personally strongly agree, if the blockchain is applied in the industrial sector and government, to avoid corruption cases.

defoman

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Quote from: Tonygold1967 on April 16, 2018, 07:21:25 AM

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?

This has already happened, governments initially reacted skeptically to Blockchain and cryptocurrencies in particular. As a result, Blockchain technology has burst into our lives, Yes, there are very few practical projects, but every day their number increases, competition increases and in a couple of years we will see a completely different world.

kashwin663

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Quote from: Tonygold1967 on April 16, 2018, 07:21:25 AM

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?

yes i agreed.because blockchain technology nowdays it is implemented in many fields and i hope future is totally dominant by blockchain tech thats lead to the financial industry change.

saganpav

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SPOKKZ

I think that blockade can drastically change the financial sphere. If we apply blockade in the banking sector, then we will not need banks, we will do financial transactions without commissions and this will be just fine.

JohnWick_Bitcoin

member

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Quote from: Tonygold1967 on April 16, 2018, 07:21:25 AM

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?

Yes it can really change the financial industry today because the growth of cryptocurrency is affecting the business of other people just like banks so we can say that the future will be depending on cryptocurrency or bitcoins.

Ayobami99

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The wonders of the blockchain technology

Quote from: illiki23 on April 20, 2018, 11:29:20 AM

This is kind of like asking if sliced bread is going to change the sandwhich industry..

A better question might be how or will it change industry?

I want a blockchain sandwhich.

I was smiling while typing this, reading your comment is really funny but true. I love thinking out of the box and i hate organograms, the blockchain gives me the opportunity to think out of the box and cancels organograms and intermediaries. So yea i love the blockchain sandwich 😁

BenjaminFranklingwould

full member

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I wouldn't talk only about blockchain but about technologies itself. Many industries need these technologies. VR/AR will work much better and secure with DLT as well as robots and decentralized vehicles system.

Ayobami99

copper member

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The wonders of the blockchain technology

Quote from: Rudementry on April 20, 2018, 09:44:03 AM

If the concept of the blockchain spreads to all industries, I think there will be unemployment. Since this technology can solve many tasks for which human resources are being attracted at the present time. Unequivocally, people will need to re-qualify and keep pace with the times.

I like the last statement, people will update themselves in the course of times to become more relevant. I think that is one of the downside of many employment opportunities today-it rigidize the employee to a particular skill not allowing them to think out of the box which i believe the blockchain will solve

illiki23

sr. member

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Hail Eris!

This is kind of like asking if sliced bread is going to change the sandwhich industry..

A better question might be how or will it change industry?

I want a blockchain sandwhich.

Ayobami99

copper member

Activity: 617

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The wonders of the blockchain technology

Yes i fully aggree, with that. I have seen blockchain technology scare banks so they fight against it maybe because of no monthly fee policy. Through smart contracts the financial industry is being disrupted by the blockchain

shirackjs

sr. member

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Yes, I strongly think that blockchain is able to change the financial industry. Blockchain has been proven to be a potential good alternative of the current payment system. I read about banks testing for trade finance system too.

OneCoinMan

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Alternative investment banking platform

Regulation is necessary, it is time to recognize this. Without regulation, these technologies will not be accepted, despite their effectiveness. Who will climb into the dark pool, where they can lose everything when they can use traditional technologies?

chrismartin

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Blockchain helps a lot in talking about in financial industry because as we can see that many projects right now and proposed to helo our technology through cryptocurrencies. And if those projects will be successfully launched, it a big change. Also some industry right now accepts digital currency or bitcoin also its a start of change that money will be involved

Jizel

newbie

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I think that yes, Blochchchayn will change the financial flow and very much, taking into account how quickly it is developing, in just a couple of years, and such a leap in distribution and use. It seems to me that a very important question is how all this will be regulated by the financial systems of governments, because with such a system, states lose a very large amount of profit.

Rudementry

full member

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If the concept of the blockchain spreads to all industries, I think there will be unemployment. Since this technology can solve many tasks for which human resources are being attracted at the present time. Unequivocally, people will need to re-qualify and keep pace with the times.

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