Re: Why Banks on blockchain?

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?

I think the reason why banks are not free to adopt cryptocurrency has be discuss here several times. Banks operate in a centralized system why crypto operate in blockchain which is decentralized. Banks never have trust on crypto simply because it does not involved third parties and the transactions are not traceable which mean you have no one to hold responsible for any mistake made by you.