Topic: Can blockchain replace bank? - page 13. (Read 4209 times)
But it also has a fatal flaw. Blockchain property can only be stored in the blockchain (Internet), no bank is willing to bear the risk of hacking! This is why banks are reluctant to open encryption!
the more likely scenario is that banks will use blockchain in some aspects of their banking activities...u cant replace the entire ecosystem...
Not. Cryptocurrencies can replace most banking transactions, but they cannot completely replace banks.
I find and saw that you are right that they can not replace all banks, here I just want to say that the simplest reason I see, is that cryptocurrencies compared to all banks are very small, they are We can only replace a part of all banks around the world.
Blockchain can solve the financing problem of small enterprises, let more companies stand up to express their ideals and opinions, and excellent companies will be supported by a large number of investors. There is no shortage of funds in the world, and what is lacking is the way to let funds escape the devaluation. This is the family mission of the capitalists.
Not. Cryptocurrencies can replace most banking transactions, but they cannot completely replace banks.
The blockchain will be able to replace bank soon. The blockchain needs a little time that to make it. Some more years and a blockchain will be able to replace a banking system.
It will not occur, actually blockchain will change banking as well as many other industries. It could potentially save banks billions in cash by dramatically reducing processing costs. Implementing blockchain would make banks increasingly profitable and valuable. Banks will sure adopt blockchain technology in their solutions and it is already happening now.
I think it is a YES if all the people have their own internet access and an electronic device to use in cryptocurrency. I believe that the blockchain and digital money is our future in a couple of years from now. 
I don't think so, blockchain and banks certainly have different goals, even if they can replace them, this certainly takes a very long time to take years, but I think they are still there with their respective goals, the blockchain with its purpose and the bank with its own purpose
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?
the blockchain capacity to replace banking is still very weak, it does not mean that the blockchain cannot afford to replace the bank, this requires a long time. in such cases it needs sharing support. including the need for support from the government and from the world banking management. in my opinion like that.
yes, i think so but not any time soon i think this will be a gradual change during the next decade it is not very easy to omit bankers good luck for all and happy investing time we still early adopters
As young people said
Banks are an institution and will benefit greatly if its use Blockchain technology
Fast, reliable and low-cost technology
Some banks and institutions are afraid of this tendency for reasons related to the loss of a lot of profits
But it must be used Blockchain
There is no choice in front of them.
Banks are an institution and will benefit greatly if its use Blockchain technology
Fast, reliable and low-cost technology
Some banks and institutions are afraid of this tendency for reasons related to the loss of a lot of profits
But it must be used Blockchain
There is no choice in front of them.
Replace - no. But the bank on the blockchain technology is our near future. Only in this way the two systems will be able to coexist, at least in the next few years.
No no and one more time no . A bank is the legal and financial structure of any state created for profit and other activities. A cryptocurrency is a financial tool.
As a result, such an outcome of events is possible, but banks will strongly resist and hinder the advancement of the blockchain technology.
I think in the next 20-30 years, mankind will completely switch to electronic passports of identification of the person implanted in the body of the body. All monetary assets will be linked to this passport. Which of course will be digital. Only the rich and people with large digital capital will be able to avoid totalitarian control. As state machine crypto assets profitable. Since they are easier to monitor and control the mass. That is, the state is profitable to create crypto banks.
in the next couple of years, I think that blockchain will not be able to replace banks, too early, everything is raw
Blockchain should not replace banks rather banks can use blockchain technology and implement it into
their business processes. Many banks are investing in projects which are developing blockchain based
solutions. So, both can benefit as banks has the infrastructure and they can successfully implement
the new technology solution.
their business processes. Many banks are investing in projects which are developing blockchain based
solutions. So, both can benefit as banks has the infrastructure and they can successfully implement
the new technology solution.
This will not happen, undeniably the amazing growth rate of the blockchain and its great hunger effect for many. But the bank will not be replaced by the blockchain because it is supported by the government and it is the traditional storage place of a country.
This is its meaning, replace the entire financial system!
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