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Author Topic: Can blockchain replace bank?  (Read 1306 times)

Offline Bluefintuna01

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Can blockchain replace bank?
« on: September 21, 2018, 07:58:45 PM »
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?

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Can blockchain replace bank?
« on: September 21, 2018, 07:58:45 PM »

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Offline aldi putra

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Re: Can blockchain replace bank?
« Reply #1 on: September 21, 2018, 08:02:39 PM »
it can happen but it will be difficult for now the problem is there are some countries that reject the presence of Blokchain. but that all does not rule out the possibility that in the future Blokchain can replace banks in each country

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Offline Dinid

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Re: Can blockchain replace bank?
« Reply #2 on: September 21, 2018, 08:35:20 PM »
Banks and blockchain.
What is the correlation ?
Maybe, banks can apply or use blockchain technology to improve their payment service. Banks are interested in blockchain, I think.

Offline hyipmentor

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Re: Can blockchain replace bank?
« Reply #3 on: September 21, 2018, 08:57:58 PM »
bank is different thing and blockchain is different thing from each other.
banks can use blockchain technology to maintain its service and money transfer.thats it.

Offline muneerashine

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Re: Can blockchain replace bank?
« Reply #4 on: September 21, 2018, 10:33:07 PM »
Bank will use the blockchain  technology and can transformed the Banking Sector.  Like Swift experimenting the Blockchain technology. Blockchain  does not  replace the banks but can improve the efficiency in banking sector.

Offline Judybrown

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Re: Can blockchain replace bank?
« Reply #5 on: September 21, 2018, 10:44:31 PM »
Digital currencies has faced a lot of challenges for sometime now and it will be very difficult for it to be accepted worldwide, let alone replace banks. I believe it will take so much effort as well as a lot of time before this can happen.
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Offline tamango

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Re: Can blockchain replace bank?
« Reply #6 on: September 21, 2018, 11:54:49 PM »
I don't think that replacing banks is a realistic option but I'm quite confident instead that banks will adopt blockchain soon for many services because they can have big benefits from that.
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Re: Can blockchain replace bank?
« Reply #6 on: September 21, 2018, 11:54:49 PM »


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Re: Can blockchain replace bank?
« Reply #7 on: September 22, 2018, 12:51:39 AM »
Blockchain does not replace banks but can improve efficiency in the banking sector. Banks will use blockchain technology and can transform the Banking Sector. So both of them can still be run.
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Re: Can blockchain replace bank?
« Reply #8 on: September 22, 2018, 02:54:45 AM »
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?

Yes I think block chain paltform will replace bank at the future. Because Crypto is the future technology.
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Offline sugarchrisp

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Re: Can blockchain replace bank?
« Reply #9 on: September 22, 2018, 03:04:47 AM »
It definitely can replace banks in terms of keeping your funds safe.  It can't really be used for loans or anything like that though, which is a huge part of what banks do, so people can get mortgages for homes and things like that.  Bank money is insured as well, so if the bank gets robbed you're covered.  If your crypto wallet gets stolen you're basically screwed and can't get anything back. 
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Offline fallenangel1789

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Re: Can blockchain replace bank?
« Reply #10 on: September 22, 2018, 05:05:00 AM »
I do not think so. Banks are not only for transactions of money. But banks will adapt blockchain technology. We all benefit faster and cheaper transactions. 

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Re: Can blockchain replace bank?
« Reply #11 on: September 22, 2018, 06:56:30 AM »
I think banks can use blockchain technology in their systems, blockchain 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
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Re: Can blockchain replace bank?
« Reply #12 on: September 22, 2018, 08:23:08 AM »
I think blockchain is one of the best ways to ensure global security and independence. If the same trend continues, then the blockchain will really be able to move banks from their rightful place and then there will be the largest coup in the world economy.

Offline Quart

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Re: Can blockchain replace bank?
« Reply #13 on: September 22, 2018, 08:27:49 AM »
I just think that blockchain can support and improve banks with its technology. It shouldn't replace the banks yet the banks are needed forever. Banks have been familiar with people, and they have a big influence in improving economic sector. It won't be replaced by blockchain or others.   

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Re: Can blockchain replace bank?
« Reply #14 on: September 22, 2018, 08:31:52 AM »
In my opinion, one of the promising coins is Bitcoin, Ethereum, because they are the most popular and prosperous.Correctly, do what you like most, if there are accurate news and forecasts, then people will be drawn to you, consider this.  ;D ;)  :)
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  Bitcoin 2.0 If Bitcoin was being
started over again, it would most
likely use the superior Ethereum
blockchain
platform.
     
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████            ████████████▄▄▄▄  ████
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X10
 
faster than its
pre-decessor
‘Bitcoin’
   
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Based on
ETHERIUM
   
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PURCHASE NOW

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