One such blockchain that's giving it a good crack is DNotes...
DNotes (dnotescoin.com) is cryptocurrency and payments system that acts very similarly to a bank, however with the added benefits of blockchain technology of course. The digital currency features a web-accessible fortress that securely stores user assets offline in cold storage, in order to avoid the associated online risks due to hackers, system crashes, etc. Additionally, all funds in the DNotesVault are covered by a 100% deposit guarantee, which is made possible through a separate cold storage account, secured in a different location. The secondary cold storage account will always hold an amount in excess of the Vault's total guaranteed deposits and are verifiable at any time through the blockchain.
While the funds are securely held in the DNotesVault they accrue interest, again very similarly to a bank but far more generous - with the Cryptocurrency Investment Savings Plan (CRISP). Each DNotes wallet will earn 0.5% interest every month, 6% annualized. This system rewards investors in-line with the network's long-term goals, with those who simply trade the currency forgoing this privilege.
The goal of DNotes is to provide a stable and reliable currency so that it can be used as you would traditional money, but faster, safer, cheaper and more transparently than ever before with no middlemen to slow down processes and rob its customers with devious fees (as banks do). Furthermore DNotes does not discriminate and is available to anyone, no matter where they may be in the world.
DNotes are building intrinsic value into the DNotes Coin with support from the strategic ecosystem that it is planned to develop, as well as 25% equity in the partnered for-profit DNotes Global Inc company. Furthermore, with a self governance POS model that rewards its own community for verifying the blockchain transactions, further protects the long-term interest and economy of the network - as those personally invested are less likely to dump newly generated coins.
So in summary to answer your question, yes - Blockchain can absolutely replace a bank, provided there is a comprehensive strategy to support the associated digital currency and that plan is effectively implemented and embraced. DNotes could potentially be just the blockchain to do it.
Topic: Can blockchain replace bank? - page 42. (Read 4209 times)
I think that the blockchain will not be able to completely replace the banking system .. it is rather a separate element in the sphere of payment and transfer of funds..
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?
what do you mean? replace as in blockchain will be the one that we are gonna use as bank or storage of our money? if so, its impossible, blockchain is not some storage of money like banks, its just a technology. 
Blockchains won't replace banks, but they can certainly become one and the same. There are currently a lot of banks that are beginning to integrate Intel's hyperledger technology in order to manage their databases. The two technologies however are not in direct competition, banks are essentially money management organizations, whereas blockchain is a data management system, hence you can see why banks might want to use blockchain to help manage their data more efficiently, particularly when they operate across multiple borders.
Over time, we may see decentralized banking services appear on the blockchain, but this is likely to be quite some time away, and certainly not something that you can expect within the next 5 years or so.
Over time, we may see decentralized banking services appear on the blockchain, but this is likely to be quite some time away, and certainly not something that you can expect within the next 5 years or so.
Blockchain technology will replace the banking system faster than we can imagine. Do you know why? Because modern banks and payment systems of influential countries do not stand still, but decide globally to update the old technologies themselves with advanced crypto technologies. These changes are already taking place, but we do not yet feel them.
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?
i think some form of a bank system will remain but it will be connected to blockchain somehow. the invention is as old as this world, i doubt banks dissapear quickly
Blockchain can replace the Bank. It could happen in the future. Because of the popularity of the financial system that uses Blockchain. The ease and advantages are very good compared to the Bank at the moment, this system uses a decentralized financial system, which means that if the transaction is no longer using a third party such as a Bank, that makes this system more efficient than the current Bank.
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?
That ways is still possible, but it will need times and a big effort to makes people fully accept the blockchain technology.
Without the trust from people just like regular banking does, than it would be hard to achieve that goal.
I think banks can use blockchain technology in their systems, blochain will make it easier and more open for banks and customers, all transactions are paperless and unlimited, I think banks and governments are still hesitant to implement blockchain technology in banks.
Yeah I'm agree with that. I believe that in the future we'll see banks implements this technology in their business processes. After they see the benefit in this new platform. And also after the government make the regulation to accept the cryptocurrency transactions. Just wait and see mate. 
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?
What you indicated creates a good prospect for the use of crypto currency by citizens. For them, such qualities of crypto currency are really very good and open many opportunities. However, for the state, its government bodies and banks, such qualities are not needed in general. They can use some of the possibilities of the crypto currency, however, the high volatility of the price of the crypto currency and its poor controllability is not suitable for them.Crypto currency can not replace banks, banks have a completely different specificity of activity: the crypto currency can not serve in general the accounts of legal entities, can not provide the monetary policy of the state, for example, can not credit the development of agriculture in the country.
It is already a bank. You can save your coins on your own wallet, transact it and its value eventually grows. We just need more people utilizing it and surely banks will start adopting them.
Both are irrelevant and irreplaceable, Banks operate without the need for blockchain and blockchain operations without banking. If the future is better then we can see that banks will apply the blockchain to their system
I believe crypto will replace the bank and the decentralization occurring will replace the corporations. I'm not sure what the elite have in store but there is a historical change going on right now (it's hard to see while your in the middle of it) and I assume its not going to be good for us in the long run.
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 technology will never replace banks. Because it's only a technology for storage and transfer of financial assets, and also need financial and credit organization providing financial services. You can store and transfer your funds in decentralized way using blockchain, and you can take a credit only in Bank.
I think banks can use blockchain technology in their systems, blochain will make it easier and more open for banks and customers, all transactions are paperless and unlimited, I think banks and governments are still hesitant to implement blockchain technology in banks.
no, bank is bank and crypto is a different thing
I think Blokchain cannot replace a bank. Because Blokchain is a technology, a bank is an organization or a company, but maybe in the future, the bank collaborates with the Blockchain technology, it might happen.
About the topic obviously it's impossible in blockchain to replace our bank because there's a lot of people here in the world are really haven't heard about the crypto currency or in blockchain. Banks are already used the blockchain but it doesn't mean that it would be replaced.
Many banks already use blockchain technologies, for example Ripple blockchain. In future banks and blockchains will merge
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?
I will say " NO " ( for now ) need more research and law to do that, for this one government will involved. Blockchain is good technology but bank need recommendation and protection to use it because all financial instrument already there. Maybe someday it will but not for now.
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?
you have a mistake between two definitions blockchain and bank, blockchain is a techology, the bank is a company. Blockchain technology can be used to create the digital bank, I think Banks can use blockchain as a way to save transaction fees for customers. Jump to: