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Topic: Can blockchain change financial industry? - page 8. (Read 2004 times)

hero member
Activity: 2828
Merit: 518
I am sure that blockchain will be able to change the approach to finance, you understand that this is what is most important for us to work all that we know, it is on finance that the current model of people's development is based.
It is started already and some banks is on the way to fill the line and accepting crypto system of payment. We can't feel it directly since only few are using it a mode of payment cause mostly they considered it as an investment. But when it finally stabilized and  supported by the government definitely, such change become visible to the community.
newbie
Activity: 232
Merit: 0
I am absolutely sure of this. Blockchain presents completely new tools for every player on the market. If everything else remained decentralized, as it was intended - everything would be just fine!
full member
Activity: 560
Merit: 100
I am sure that blockchain will be able to change the approach to finance, you understand that this is what is most important for us to work all that we know, it is on finance that the current model of people's development is based.
full member
Activity: 420
Merit: 113
Blockchain is the future, both for the financial system and for other businesses. Blockchain will be able to radically change the whole world, not limited to the financial industry. Already, there are examples of successful uses for science, medicine, cinema, robotics, etc. Just counting the time will come when it happens.
sr. member
Activity: 722
Merit: 258
I agree. I'm sure bitcoin will turn the financial world upside down.Within 5-7 years it will be used by many more people than nowas.Everything goes to this.
member
Activity: 119
Merit: 10
Ofcourse. I think invention of blockchain is a huge step for humanity, it can not only change financial industry, but almost any area of our live from schools to banks.
sr. member
Activity: 2436
Merit: 343
It really depends on the team behind the project that will be created that will be focusing in the financial industry, if the financial industry will be adapting the blockchain technology then they should focus on the common problem first before creating something so they will get an easy idea and they can expect a massive adaption in their idea.
copper member
Activity: 98
Merit: 0
I agree. It can definitely happen. I have been in particular following projects that can potentially play a key role in this transformation in the long run, projects that focus on disrupting financial services and have the substance that is needed to get there.

My most recent find among alts is AXU of the Argentas project, "Argentas Exchange Unit" token issued on the Stellar platform and listed and verified on the Stellarport decentralized exchange, now only at its pre-distribution, or pre-ICO phase. A true hidden diamond, with low profile so far. Experienced people clearly, and cool tech for decentralizing and revolutionizing global banking - their website at argentas.io.

The pre-ICO price is 50% cheaper than the ICO price, a sure winner IMO, and I will certainly get some. They also have an ANN thread, I think here https://bitcointalksearch.org/topic/xxx-4431900. I dug really deep in their content, and it is really cool stuff Grin But do your own research, that's your best risk management tool.
newbie
Activity: 85
Merit: 0
I think it will be possible next 5 year, it will be change all the thing we know yet. Cyrpto pay, new investment style, much profit investments, different things possible on the cyrptocurrencies world
sr. member
Activity: 616
Merit: 252
The Blockchain is already causing a significant positive impact in the financial industry as the paradigm is now being shifted from centralization which is practiced by the banks to decentralized, practiced by cryptocurrencies. With the help of the Blockchain, payment methods have been made easier and simpler without any third party involvement which normally lead to further delays.

There is already plethora of change in the financial industry due to blockchain technology. It is easier for people now to transfer funds because of blockchain since a wallet is much easier to make than a bank account. The paradigm shift is inevitable because some people are just fed up as to how the banks abuse their authority charging their services a higher fee that they make the depositors feel that they are the owners of the money instead of the other way around. It's time to make the banks feel that there is already an alternative.
full member
Activity: 504
Merit: 102
Blockchain technology is the wealth of the world. Now governments are working hard to implement the practical application of blockchain technology, and major groups and enterprises have begun to graft blockchain technology. The future application of this technology will be very extensive. As for crypto, I don't know how to evaluate it. I think only BTC will not be eliminated.

I agree with you that blockchain technology is the wealth of the world but, i dont know about how soon it will be all around the world and how soon we will receave mass adoption.We need to wait and see what will be in future!
member
Activity: 131
Merit: 10
I believe it will change the financial industry for a better but here will always bad people try to abuse it for their own gain.
newbie
Activity: 51
Merit: 0
Blockchain technology is the wealth of the world. Now governments are working hard to implement the practical application of blockchain technology, and major groups and enterprises have begun to graft blockchain technology. The future application of this technology will be very extensive. As for crypto, I don't know how to evaluate it. I think only BTC will not be eliminated.
jr. member
Activity: 227
Merit: 1
IQCash
The Blockchain is already causing a significant positive impact in the financial industry as the paradigm is now being shifted from centralization which is practiced by the banks to decentralized, practiced by cryptocurrencies. With the help of the Blockchain, payment methods have been made easier and simpler without any third party involvement which normally lead to further delays.
newbie
Activity: 75
Merit: 0
This is of course, the first industry to change the blockchain is the financial industry, and then the blockchain will radiate to all industries, and many industries will rely on blockchains in the future.
full member
Activity: 307
Merit: 102
Sure blockchain can change financial industry by bringing more trust and stability into it, but no one knows much time it will take for blockchain become mainstream in finance
newbie
Activity: 39
Merit: 0
I think Blockchain will fundamentally change the financial industry around the world, as there will be no need for banks on which the entire economy currently holds.
jr. member
Activity: 49
Merit: 1
If we take into account that many States recognize the cryptocurrency officially and begin to regulate, it will definitely change the financial industry.
member
Activity: 308
Merit: 11
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, blockchein technology can change and significantly improve the financial world system. And not only the financial system that will change, including because of the introduction of the crypto currency. The technology blockchein will change the economic system, as it can make a lot of practical improvements to it. Not very perceiving the decentralized crypto currency, almost all the states of the world very positively perceived and evaluated its technology blockchein.
newbie
Activity: 28
Merit: 0
Blockchain technology is able to eliminate intermediaries and improve existing operations models. The financial system on the blockchain will contribute to the expansion of access to financial services in all countries of the world. The new digital currencies will facilitate access to the system for people who are currently unable to use financial services. So, yes, blockchain is able to change to world significantly.
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