Can blockchain change financial industry? - page 6.

rohn

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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! We can rely on blockchain technology. Many have adopted with this technology and now are putting it into use. This gives more security and transparency in our modern world. I believe that what ever error might occur in it can be fixed immediately since it would be a disgrace if it hasn't prove its worth.

Arthuz57

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Sure. Blockchain has created the Crypto market, where we make money everyday. Market capitalization is well above $ 200 billion, though the Crypto market is still a nascent market.

Bitcoin_Delivery

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P2P Lending Services is likely to be replaced by blockchain technology. which is indeed pure and clearly no other party is involved. and I am sure that in the next few years it will be proven

Sadyshagg

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Money has already gone digital with almost everything bought online. Something like Bitcoin which makes transactions easy and fast, and also eliminate third parties will with time be preferable.

eriwis

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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 think this technology will change this industry in the future, but there are only people who do not benefit from this technology because they get it from the current financial system. There are still many who doubt blockchain, this is understandable because blockchain is a new technology.

WillBe

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blockchain technology is the latest technology and this will certainly change the world finances. because this technology is very advanced and invites us to do everything quickly and certainly easier, this will be very useful and it seems that if the government agrees this will really help them in managing the world finances.

Janevinex

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Of course it can change , you can watch it now, as many stores already accept cryptocurrency, so the future is great

kalashnikovski

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The system blockchain becoming working in the financial industry. Example Sberbank if look on the big company. With small companies the examples more.

farland7

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Quote from: gaponya on August 05, 2018, 07:34:40 AM

So this is really true because this is a very new and reliable system, many of the projects have become popular simply because they have released something that is already on the market but with blockade because it is very reliable!

I agree. Blockchain is one of the most reliable technologies out there. It's revolutionary and it’s the future. Cryptocurrency isn't the only way to apply blockchain. It can be used in transportation, logistics

meaamir86

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Blockchains can serve as a fully transparent and accessible system of record for regulators. The can also be coded to authorize transactions which comply with regulatory reporting.

For example, banks have severe reporting obligations to agencies such as FinCEN. Every single time they authorize a transaction of more than $10,000, they must report the information to FinCEN, who stores it for use as an anti-money laundering database.

imteaz

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Well, we believe in crypto, and yes blockchain can certainly change the world financial industry, for example how banks works, and how investing and deposit and transfers work. We might see lots of changes in the coming 5 years. It will be good for people for sure.

phamthaihoa3

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I agree that it will change financial industry. Infact it is already starting to change the financial industry little by little. Many investors are already shifting in cryptocurrency and embrace blockchain technology.

aliraza6663

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With paper-world trading, the time frame for clearing and settlement of a transaction is generally referred to as 'T+3' – that is, three days after the trade (T), the transaction is settled.

With blockchain technology, the entire lifecycle of a trade – execution, clearing and settlement – occurs at the trade stage. With a digital asset, trade is settlement, and the cryptographic keys and digital ownership they control can lower post-trade latency and counterparty risk.

lovemsngr

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Quote from: sureblinks on April 16, 2018, 10:44:33 AM

yes sir, it will definitely change a lot of things.

Right, by being decentralized and eliminating the middle man it will facilitate the transactions. Soon we will see how most countries adopt this technology because it can offer society many significant benefits.

oxoxoxox

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The blockchain can change the financial industry, and the blockchain can bring more convenient systems to many traditional industries. I think the blockchain is a very promising technology!

BILGPS

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Just like now people using blockchain technology for various purposes then the financial industry will more complex because the competition will tough and then the option with us will be easy many functions across the world will operated through blockchain and this will be supporting by financial industry.

Ramset39

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Blockchain can and indeed has changed the financial landscape. For example, in Japan people used BTC to pay for daily shopping. Even blockchain is being researched and applied to other non-financial sectors.

phuenvi1987

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Blockchain change financial industry, may be.

Sri Asih

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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?

It still takes time for Blockchain to change the global financial industry, even though some have begun to adopt. Many companies run ICOs to generate funds and continue to use coins. So, automatically the financial industry has changed itself. This is a very good development.

leoni_lach

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Sure it can! After all, each of the tools and even new cryptocurrencies all this is also of course partially but changes the financial industry as a whole.

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