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Topic: Can blockchain replace bank? - page 26. (Read 4177 times)

member
Activity: 139
Merit: 10
Justice as a Service Infrastructure
October 19, 2018, 04:44:59 PM
The blockchain can replace bank. It is a new era of technologies and the whole world will work for a blockchain soon.
I don't think that it will occur so soon as you count. But in any case to it everything goes. Soon on a nemnoga the blockchain will begin to take root into a bank sisitema and to force out it.
member
Activity: 322
Merit: 10
October 19, 2018, 04:37:55 PM
Of course, and if you still take into account that some banks are already working on the blockchain, then the blockchain has a good future.
member
Activity: 91
Merit: 10
Justice as a Service Infrastructure
October 19, 2018, 04:22:04 PM
The blockchain can replace bank. It is a new era of technologies and the whole world will work for a blockchain soon.
full member
Activity: 402
Merit: 101
October 19, 2018, 04:19:05 PM
It is hard to see how blockchain can replace banking system at this point yet. We all know the potential of blockchain and we can see how beneficial it will be to see proper recording and immutable nature of blockchain. In the future however, this should be possible!
no i think is posible for blockchain replace bank system for adopting blockchain technology in their system and making transaction faster, but imposible and difficult for blockchain replace bank
jr. member
Activity: 161
Merit: 1
October 19, 2018, 07:22:04 AM
I Would say banks will adapt and use blockchain as a new technology. It is like any new Artificial intelligence technology , it takes over some of our tasks and we need to implement the work force in other emerging departments within our businesses /Banks.That is how we evolve .
member
Activity: 251
Merit: 20
October 19, 2018, 07:09:45 AM
Yes there is a lot of possibilities that blockchain based cryptos can replace banks and other intermediates.Saving a huge amount of time and other paper work for the customers.
member
Activity: 308
Merit: 10
October 19, 2018, 07:03:59 AM
Nope. Blockchain can never replace banks. Its like asking whether internet can replace banks. Blockchain is a technology. Banks will embrace it and use it as part of their system. However, cryptocurrencies more likely to take out a chunk of customer base from banking.
member
Activity: 882
Merit: 11
Volare.network
October 19, 2018, 07:00:37 AM
I think crypto will never replace the bank's function. but the bank will adopt blockchain technology. make the system used by banks more transparent and safe. for example some projects about banking today.
member
Activity: 98
Merit: 13
October 19, 2018, 06:55:49 AM
People always need a choice, and while blockchain and banks are not almost similar (and they will never be), we will have both. In addition, none of the is an ideal solution for all cases, so there's no sense to choose only one of them.
sr. member
Activity: 533
Merit: 250
October 19, 2018, 06:51:01 AM
The fact is that in addition to transactions, the bank still performs a number of functions, so at this stage the blockchain is not able to replace the bank!

Blockchain, I think it's just a technology to make bank operations faster and more transparent. Also I never thought that blockchain could replace the bank
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
October 19, 2018, 03:17:59 AM
I think banking will always exist but banks will adopt blockchain technology and where the unbanked are it will be cheaper to get peeps using a mobile phone into the banking system by just using electronic currency for all their needs, so banking costs will be reduced. I do think banking as we know it will change eventually as more and more people start living on the blockchain and doing things in a more decentralized way than what we have been used to in the past. Before we always relied on central entities, now we are reshaping our destinies in a more decentralized way and democratizing money as it were.
jr. member
Activity: 378
Merit: 1
October 19, 2018, 03:15:39 AM
The fact is that in addition to transactions, the bank still performs a number of functions, so at this stage the blockchain is not able to replace the bank!
sr. member
Activity: 1512
Merit: 397
PredX - AI-Powered Prediction Market
October 19, 2018, 03:05:14 AM
It is hard to see how blockchain can replace banking system at this point yet. We all know the potential of blockchain and we can see how beneficial it will be to see proper recording and immutable nature of blockchain. In the future however, this should be possible!
blockchain maybe could not replace banking system.but it could be implemented in other place to make effiency progress.blockchain technology actually good for fianance transaction.
in blockchain transactions it is possible to be able to adapt from that bank, but there will be many weaknesses and there should be a lot of redevelopment for blockchain
member
Activity: 378
Merit: 16
October 19, 2018, 03:03:14 AM
of course, with blockchain we can make money transfers like banks do, but with blockchain we can get more money, that is, when we send money using coins, the transaction costs will be lower, the delivery speed in seconds,
we can also save like investing with related coins
sr. member
Activity: 700
Merit: 251
October 19, 2018, 03:02:53 AM
It is hard to see how blockchain can replace banking system at this point yet. We all know the potential of blockchain and we can see how beneficial it will be to see proper recording and immutable nature of blockchain. In the future however, this should be possible!
blockchain maybe could not replace banking system.but it could be implemented in other place to make effiency progress.blockchain technology actually good for fianance transaction.
We had been going to see blockchain technology replace the bank. and indeed blockchain can instead be implemented or can be adopted for the bank. security system owned blockchain will make the bank has new technology for the transaction and of course, this will be very helpful.
full member
Activity: 432
Merit: 100
October 19, 2018, 02:58:14 AM
Blockchain is a great technology and I believe banks can adopt it, maybe in the future, to make their services more efficient. I do not think blockchain can replace banks as you think.
full member
Activity: 589
Merit: 100
October 19, 2018, 02:43:36 AM
In it’s deepest ideas it can be organised like bank, but I don’t really believe we will have it in the nearest future
jr. member
Activity: 280
Merit: 1
October 19, 2018, 02:40:44 AM
why should they beat each other, maybe it would be better if they worked together, banks implemented block chain technology, maybe later it might even strengthen the security system, but besides that, the block chain can also make it easier to conduct transactions with high security and without having to be afraid to hacked
member
Activity: 616
Merit: 41
October 19, 2018, 02:31:07 AM
I thought about it very often. But I realized that to replace the bank is unreal at the moment.
Just because there is no one who will be responsible for any problems. For example, the loss of funds from the wallet on the blockchain.
In this case, no one really can help you now. And there are always those in the bank who will take responsibility for themselves and help to deal with the problem.
Sincerely yours.
jr. member
Activity: 1008
Merit: 1
October 19, 2018, 01:33:17 AM
In my opinion, the blockchain can easily replace banks. Since the blockchain is security, reliability and transparency. And the banks do not have that. Therefore, in the near future. We will see how the banks will start using blockchain technology.
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