Quote from: S3cco on May 21, 2019, 02:21:34 PM

Is Banking Culture Slowing Down Blockchain Adoption?
https://bitcoingarden.org/is-banking-culture-slowing-down-blockchain-adoption/

Unless youve been living under a rock, youll have some idea of what blockchain is, and the effect its having on industries on a worldwide basis.

We often hear the phrase disruption when blockchain is mentioned, and thats as good a way as any of describing what it does.

It ushers in change, for the better. It drags entire industries kicking and screaming into the modern era.

Theres one industry thats stubbornly dragging its heels though.

Traditional banking.

Its ironic that the one industry that arguably stands to benefit above all others from this exciting new technology is the very one that seems most unsure about it, commented CEO of ATRONOCOM, Thomas Koller.

The head of digital market assets with Credit Suisse, Emmanuel Aidoo, has previously stated that it is banking culture that has been the primary reason behind the slow adoption of blockchain technology by the financial industry....

It's 2019 and people are still hyping blockchain and trying to sell it to clueless people. It's not going to work, no one needs it because it's a very inefficient way of managing centralized databases, and even if there's a few participants in the network that need to share data, there are better ways to do it - blockchain people are always trying to apply their "exciting new technology" to industries that they know nothing about. And when it comes to true decentralized blockchains, they're extremely hard to get right, and there are theoretical limitations on what you can do with them, and in the end users have things like full control and privacy somewhere at the bottom of their priorities.