Topic: Can blockchain replace bank? (Read 4177 times)
I don't know why everyone wants to replace the banks with crypto. They can live together without any conflicts. Crypto and smart contracts can automate some process where human impact is not necessary.
If someone thinks that the existing cryptocurrencies will be able to completely replace the banking system with themselves, then this is not so, most likely the banking system will successfully assimilate cryptocurrency and blockchain into its structure in a short time.
I think that the blockchain can replace banks, but I do not think that this is possible in the near future. In the near future, banks will implement the blockchain.
But this already improves the transparency of many banking structures. I am sure that today many people simply do not understand how banks work and where exactly in which place they find an opportunity to find how the bank works where it earns. 
A blockchain / cryptocurrency can't replace a bank. but these two things can benefit each other if they cooperate. banks can improve their services if integrated with blockchain. and vice versa with the help of a cryptocurrency bank it might be accepted by the community outside the crypto community.
The answer is NO because bank is an organization and blockchain is a technology. Bank can only adopt the blockchain technology so as to complement their operations
No, i think that blockchain can't replace banks. My opinion - banks can use blockchain for their needs and thet
y became a owners of all this technologie, will lead this sphere.
y became a owners of all this technologie, will lead this sphere.
actually bank can used blockchain system but can't replaced of bank. crypto & blockchain technology is very sharp & it will be used in everywhere. many county I see that they are interested about blockchain. so blockchain is a modern system & bak can be used it not replaced .
this is my personal opinion, thanks.
this is my personal opinion, thanks.
The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
There is a huge possibility soon but the problem is that if the other country are going to support it to become a unified banking system because i think it needs a complex process before regulating a particular banking system.
That will never happen. But Blockchain technology can work very closely with the banking system. This option is very likely. Already many banks apply to themselves interact with the Blockchain and cryptocurrency organizations.
Blockchain has very good capacity and everyone can use Blockchain easily. But I am not sure that this Blockchain can replace the Bank. The bank has security guarantees and there are third parties who provide guarantees and you sign on paper. So that makes many people save money in a safer bank.
You are greatly mistaken if you think that the bank provides you with the necessary guarantees. I do not mean a special case of theft or loss of funds. I am talking about the bank’s complete bankruptcy in the event that no one will refund you anything.
if the blockchain replaces the bank, I don't think it can. because the bank is very much needed by the state, and the government has also guarded the bank, so the blockchain will not be able to replace the bank, and the blockchain is only technology that appears in the country, besides blockchain is also not real.
Blockchain is the technology that was created to be an alternative for banks, so there is the possibility, but I think that banks are to strong and they will not allow Bitcoin to do this.
no, blockchain is system and bank is government organization. whats good in the blockchain system, the government can copy it and apply it to the bank. so whatever happens with the bank, bank will still be there for all peoples
I don't know how much time should it take to replace bank, but we are far away from it.
Blockchain is a technology and it can work hand in hand with something, but not alone
Blockchain is a technology and it can work hand in hand with something, but not alone
There are a lot of projects that are going to make this happen. It is going to be not an easy task to eliminate banks and to replace them with decentralised solutions but for crypto currencies the sky is the limit.
The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
Blockchain is just a technology. This technology will be used by banks, but banks are banks, and this will not change. Of course not, the blockchain and the banking industry do not conflict. They will survive together. If you overestimate the blockchain or cryptocurrency, they will not let the banking industry disappear and the banking industry will be even greater.
of course they will not be opposed, even some banks are already making crypto they use technology and blockchain. You can find related news crypto you might get it. because banking is now fascinated with technology blockchain as the development of technology.
Of course not, the blockchain and the banking industry do not conflict. They will survive together. If you overestimate the blockchain or cryptocurrency, they will not let the banking industry disappear and the banking industry will be even greater.
I think this is a difficult thing for blockchain to be able to replace banks because each of them has different functions, banks are certainly more commonly known and legally enforceable, whereas blockchain if it doesn't jump in the crypto world people don't understand
It is not difficult, but it is more impossible to replace the world financial system, banks become a central figure in a country's economy. like control currency circulation, and other thing, banks will never be replaced, but blockchain will always develop
Current blockchains cant replace but maybe will be used in some structures.
How i see best usability of blockchains its transcontinental shipping
How i see best usability of blockchains its transcontinental shipping
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