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 banks adopting blockchain technology because banks realize blockchain is good technology to secure their customer data and can saving a lot cost. New technology like blochchain should give an advantages and blockchain provide it