Post
Topic
Board Bitcoin Discussion
Re: Why Banks on blockchain?
by
amaterasysky
on 11/09/2018, 11:40:19 UTC
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 If before that, transactions with the outdated SWIFT method took from several hours to several banking days, now, from the use of a ripple coin, transactions to any point of the globe hires just a few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.