Topic: Can blockchain change financial industry? - page 24. (Read 2004 times)
Blockchain will have a double impact on financial sphere - first of all as a technology it can change the processes that are running inside of current mechanism and those will not be so visible to outsiders. Another big impact will come from the cryptocurrencies - and that might change the essence of financial world, much more than just some technological improvement.
One with the latest news, MasterCard will apply blockchain to store the identity of the users. If such giants use it, it will certainly be used in all areas.
Yes, this is a very good news.Here's the link: https://cointelegraph.com/news/mastercard-patents-blockchain-tech-to-combat-fake-identities
Of course this technology will make a revolution in the world of finance !
Because it is much more convenient and more transparent than the current system
For example, banks either will take this technology and they will use it in sphere or they will lose because will not be able to provide a better solution than the technology of blockchain
Because it is much more convenient and more transparent than the current system
For example, banks either will take this technology and they will use it in sphere or they will lose because will not be able to provide a better solution than the technology of blockchain
Not long before the year’s close, Samsung SDS closed a deal with the Seoul Metropolitan Government to strengthen the city’s bureaucracy using blockchain —SDS CEO Hong Won-Pyo reporting: "Samsung SDS’ blockchain technology and consulting capabilities will contribute to Seoul’s leap as a top-rate global city"
One with the latest news, MasterCard will apply blockchain to store the identity of the users. If such giants use it, it will certainly be used in all areas.
in a few years i think blockchain can't change the financial industry because any of countries still restrict and prohibit payments using blickchain.any of them considerthat blockchain is a threat and can disrupt nstional stability
thanks.
Blockchain and bitcoin are different, far to be equated. Bitcoin is a currency, digital assets in some countries have been legitimately used as a system of payment, only a few countries that prohibit it. Blockchain is a ledger to record crypto currency transactions. In addition to the benefits of blockchain we can keep all our data in blockchain safely even though we live decades. The government will always consider banning and receiving blockchain, but most countries will accept blockchain because of its many benefits compared to how the current system works. thanks.
Yes i agree with that, this young technology just started to make revolusioner in many different industry. Blockchain technology give transaparansi and efective. This technology give many benefits to the many people, include many poor people and unbanked because with blockchain many start ups can create product and service and give advantages and give solution for financial problem in their life.
With this open and decentralized database system, Blockchain does not just make money transactions safer, faster, and cheaper. Permanently stored digital recordings make Blockchain also another valuable transaction tool, such as property investment, jewelry, other goods and services, even the election vote count. So I think it's just a matter of time for the government to adopt blockchain technology.
Yes it changes financial industry. Financial institution right now is already on their way to adopt blockchain technology so as to make the transaction easier and faster with lesser transaction fees on it. Lot of new technology is being introduce in the market since we are now in a world of modern technology we have to embrace it because it will help in the development of our nation and to ourselves also.
at least he's trying to do it now.I am sure that this will be the case in the near future and the blockchain will take over the finances completely
he's created isn't it? I am sure that it will absolutely fundamentally change our financial system in the future and we will be very surprised by the result
Over time I think blockchain has changed the financial industry today in the world.
so it is not impossible that blockchain technology will be developed again for a variety of purposes that are beneficial to mankind.
Well, it depends on the changes you are personally referring to, and if you are looking at how the blockchain technology has brought about the idea of decentralization, we can surely say it has been a lovely ride. We also have to understand that this is something that the governmental financial sector are not just going to be embracing as they would prefer to come up with a system they can still be in control.so it is not impossible that blockchain technology will be developed again for a variety of purposes that are beneficial to mankind.
Moreover, a lot would change for the good as the blockchain technology gets introduced in this sector based on all the things we have been seeing so far. Interestingly not just financial industry which may make use of most of the features of blockchain technology but all the industry where distributed database is a concern for preventing duplication and forfeiting they they all can adopt blockchain technology for better future.
I think blockchain not only changes the financial system, but also completely remodels it to the new standards. We stand on the stream of great discoveries.
A lot of Banks around the world are already experimenting with blockchain technology because with the blockchain technology they can lower the transaction fee and reduce the middleman to check every transactions.
This is a revolutionary technology that will change the entire existing financial system of all countries. This is a logical development, as money came to replace gold bars, and now it will happen with the crypt.
yap i think so, everything can be changed in this world. if it is found a new technology which is better than before.same as blockchain, it is good decentralize technology. i think it can change financial industry
It has already changed the financial system, you can see how many solutions are integrated into banks and insurance companies. Blockchain perfectly copes with the collection of data.
This is a revolutionary technology that will change the entire existing financial system of all countries. This is a logical development, as money came to replace gold bars, and now it will happen with the crypt.
yap i think so, everything can be changed in this world. if it is found a new technology which is better than before.same as blockchain, it is good decentralize technology. i think it can change financial industry
This is a revolutionary technology that will change the entire existing financial system of all countries. This is a logical development, as money came to replace gold bars, and now it will happen with the crypt.
I think definitely blockchain technology will change the financial industry. And this change will be good for people.
I think that the blockade will lure the financial industry. Blocchine is a very useful technology that can positively affect the development of the world. This technology can also be used in other areas of life. This is definitely one of the best inventions that I have heard in the last few years.
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