Post
Topic
Board Press
Re: [2017-10-21] Five ways banks are using blockchain
by
Nameless27
on 23/10/2017, 07:16:17 UTC
You forgot to mention what those 5 ways are:
Quote
1. Clearing and Settlement
2. Payments
3. Trade finance
4. Identity
5. Syndicated loans

Most ways are obvious, but I wouldn't want to use any bank that uses #4:

I do agree with you @LoyceV my identity for me is worth it, that I don’t want it to be compromised by a shady banking records that can be used by bad elements that root beyond the vault of our banking system. I know how it’s done, for I heard from one of my friend that works directly on banks, the information can be viewed by employees on the bank and that is not good for you and for your family.

Banks. I do think they’re using it but on personal basis but not yet on bank transactions. It is not be audited and legally bind if so because Blockchain transaction is not on the law itself.