Quote from: Ozero on September 10, 2018, 08:55:36 PM

Quote from: Sexie on August 24, 2018, 01:32:37 PM

https://cointelegraph.com/news/singapore-central-bank-partners-with-deloitte-nasdaq-on-blockchain-asset-settlement/amp
http://news.abs-cbn.com/business/05/21/18/unionbank-to-link-rural-banks-using-blockchain
What is the possible reasons why banks adopt of joining blockchain? Please share your opinions . Is it really helps rural banks and small banks to be more productive and efficient? Is it faster and easier in terms of financial transactions to the mass market and brings down the cost of service?

Of course, the introduction of blockchein technology in banks greatly enhances their effectiveness. If before that, transactions with the outdated SWIFT method took from several hours to several banking days, now, from the use of a ripple coin, transactions to any point of the globe hires just a few seconds.

Please explain to me why the blockchain will help banks? After all, in fact, the blockchain is a common database, which is in the public domain and it is not changeable. What's cute? Speed and everything else. It will take decades to adequately implement all this in the banking system. This is if we talk about the technology itself.