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 idea of blockchain and that of bank is quite different blockchain is decentralized while bank is centralized so it will be very difficult for a decentralized system which many think it not secured to surpass a centralized system that's very secure, transparent and easy to understand. So I believe blockchain will ever replace bank. 
Topic: Can blockchain replace bank? - page 38. (Read 4177 times)
If that happened,then the earth he had made would be chaos.Bankers have enough money to strangle the entire cryptocurrency market if they feel threatened.It would not be beneficial for all governments.
I agree with you, I think they themselves will start using this technology for their own purposes and, if possible, remove competitors.
Blockchain technology offers almost everything that banks has to offer, however it may be impossible to totally replace banks(Institutions) with blockchain(Innovative idea) especially now that the blockchain technology is still undergoing maturity stage.
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?
do you know what is blockchain? if not, you should know that blockchain is not a type of storage or an institution like banks, it is a technology. banks are different. blockchain will never replace bank.
If that happened,then the earth he had made would be chaos.Bankers have enough money to strangle the entire cryptocurrency market if they feel threatened.It would not be beneficial for all governments.
Like many, I believe that blockchain is the best invention of the 21st century. If this technology really starts to be supported everywhere and becomes more popular then I will be incredibly happy with this turn of events. It will make the life of all mankind better
Blockchain is just a peer to peer network so transaction is safer and fatser but Bank database is totally control by government so it is authorized platform so our investment is guaranteed but blockchain network is not this much secured platform. So blockchain is always secondary platform may be bank was accepting the crypto but bank will never died in the world.
In my opinion, I don't think that the blockchain can replace bank. However, it may be possible that the banks use the blockchain technology as part of the system to be operated in the banks. Bank is centralized and if the blockchain can be managed centralized, it may be possible, but not for replacing, just for complementing.
i think no one replace the other they are both complementary best example is the ripple blockchain and integration into many banks
If you did not know, then his appearance and originally meant this concept. So that all people on the planet could interact with each other quickly and without intermediaries. After all, just think about what crazy interest sometimes takes the Bank for the usual transfer of money from one account to another. Sometimes this figure reaches 3%! And now consider you want to transfer 10 000$ x 3% = 300$ you will pay the Bank for its translation services. And if this amount is more and how many of you are transferred daily money. Thousands! With the blockchain, everything has become easier and faster, and most importantly more economical.
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?
No. Banks will start to use blockchain technology in near future. As you mentioned that blockchain provides incredibly fast transactions and open recorded.
I do not think that the blockchain can replace banks. Bockchain is not able to do it because it is simply a technology, but banks are the main participants in the financial system.
For me the system will only change on this but banking will be more light as it man not have big vaults but supercomputers, lol. Bank owners and founders probably not letting their business to be down but they will probably adopt what was the change happening in the environment. They will absolutely accept cryptos but they will having a interest as it profit. Only my theory and opinion though about this.
Blockchain will now not update banks however banks arleady accompanied blockchain and they may be the usage of it in there day by day operations. Blockchain is a technology which every economic institution as a have to will adopt in its current-day operations this is because of technological advacements in business organization international. A few banks are arleady transacting crypto known as crypto banks and this is additionally the future for banks
I think that this can not be because they are completely different things. The bank is an organization and blockchain is a technology. These are completely different concepts.
By the way bank is a financial institution that accepts deposits and at the same time makes credits. To make everything clearer blockchain is a list of blocks where information is included, google both word to understand everything in details.
So I want to say that they have nothing in common but if you mean blockchain technologies integration in banks, then I would say it may happen in future, there are some possibilities of it.
So I want to say that they have nothing in common but if you mean blockchain technologies integration in banks, then I would say it may happen in future, there are some possibilities of it.
I think if there is a future for the
crypto world, then the blockchain also has a bright future. For this, the non-exclusion that the banks will switch to blocking. After all, this is a technical world breakthrough.
Yeah blockchain can replace them, if bitcoin stabilizes enough, or we had an altcoin to replace the FIAT currency, which we could use globally, the decentralized system is very attractive to many businesses, but I imagine that they are still afraid because they do not know what consequences could cause a decentralized network in their system, most likely is to see a mixture of blockchain and traditional banks.
I'll replace your question and I guess its better if you'll ask this "Will the banks use blockchain technology?"
I doubt it that the banks will be gone in the future though we got crypto, we can fully ignore the banking system and stick to crypto's as no need for an application to open a bank account, no requirements needed and no more waiting days of creating our own bank accounts. Our wallets are already our bank accounts.
There's also a tendency that the bank will join this crypto revolution as they have no choice to compete against it.
I am thinking the same banks will be there anyway but they can not ignore crypto. Banks are slow, less trustable indeed.(not all of your money is granteed by the banks thats why they are less trustable then your own blockchain wallet).. People needs to feel that their hardly earned money is secure place while they are sleeping. Because of the security issues banks will never replace blockchain but they will use blockchain technology everyday life near future. I doubt it that the banks will be gone in the future though we got crypto, we can fully ignore the banking system and stick to crypto's as no need for an application to open a bank account, no requirements needed and no more waiting days of creating our own bank accounts. Our wallets are already our bank accounts.
There's also a tendency that the bank will join this crypto revolution as they have no choice to compete against it.
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?
No I don’t think so. Blockchain is only a technology whereas banks are institutions. So blockchain needs to be employed by some king of institution in order to work. So I think, there is a possibility that banks could use the blockchain technology which can benefit everyone. Banking industry is huge and its roots are strong, I don’t think it can be replaced by cryptocurrency or blockchain. Jump to: