Quote from: perfect999 on November 13, 2018, 05:13:22 AM

Quote from: panatinaikosx on November 02, 2018, 11:04:45 PM

When you think all banks around the world with adopt blockchain technology? Or this will not happen too soon?

In my opinion, Blockchain is no doubt a very good and advanced technology but no bank is going to adapt this technology because they might not be able to earn as much as they are now. Even banks in the developed countries will not adapt blockchain because it is something that talks about the cost minimization and for banks, cot minimization means profit minimization so do the math now.

You think so ? Wait till probably some years time and you will see if this would be a thing or not. Blockchain technology is something I believe the government itself all over the world will not be able to run away from and in that aspect of going this way, we all know the level of governance, chances of transparency and accountability will be there, and this is actually what most countries today need.

Now, banks are just moving with the trend and how it comes, so if this becomes a norm, I have no doubt they will just have to follow put. Nonetheless, as some have said, I really still see banks trying as much as possible not to get thrown out to the bin, as they will always find a way to adapt to anything just to keep being relevant.