Post
Topic
Board Bitcoin Discussion
Re: Why Banks on blockchain?
by
Patient_Zero
on 19/11/2018, 02:21:28 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?
many people already understand blockchain technology, with a decentralized system that makes it very easy to monitor the movement of money and makes it very safe without being broken by irresponsible parties, the bank also knows that blockchain technology makes it very easy for us to conduct financial transactions wherever we are in any country, maybe something like this from the bank's side wants to adopt a more advanced system of crypto currencies.