Post
Topic
Board Bitcoin Discussion
Re: Why Banks on blockchain?
by
wow.magic
on 18/11/2018, 08:31:42 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?

Every business needs to innovate to keep themselves in place in the market. Since block chain is now making its name in the world economy, banks need to adapt the demand by joining the competition. Also, block chain would improve their services since most local banks in our area still using older systems. They really need to upgrade since our current market has changed. Hopefully, this will reflect good to the block chain.