What Do Banks See In Blockchain Technology?

[MRM]

Banks have a different perspective and vision when it comes to blockchain. Some banks support this groundbreaking technology, some are still lagging behind and redundant, and others are still against it.

The underlying technology behind Bitcoin was initially treated with skepticism by banking institutions, but due to the outbreak of Covid-19, the narrative has dramatically changed.
Blockchain and distributed ledger technology (DLT) offer a means for parties that do not trust each other to agree on the state of a database, minus using any third party. The technology enables multiple participants to have instantaneous and real-time access to a regularly updated digital ledger which is unaltered.
Source: https://coinidol.com/what-do-banks-see-in-blockchain-technology/