Post
Topic
Board Bitcoin Discussion
Re: Why Banks on blockchain?
by
mitchr4
on 20/12/2018, 09:07:02 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?
Sure and can work with that. If you look at some of the most cryptocurrency use blockchain technology that is much safer. The decentralized nature makes this technology can not be changed and can not be controlled by the government though. Each transaction is faster, offer a low cost and transparent. That is why many banks wanted to adopt the technology blockchain.