Post
Topic
Board Economics
Re: Can Blockchain Replace Banks?
by
zergenyt09
on 12/07/2019, 09:49:25 UTC
The creation of blockchain came with possibilities and predictions of a future where intermediaries could be eliminated entirely. It is capable of executing millions of transactions within seconds at a lower transaction cost and requires no centralized authorization.

With the blockchain trend going on as strong as the moment, is it possible that blockchain will replace banks any time soon in the future?

More here: https://www.hb-wallet.com/post/2018/12/20/can-blockchain-replace-banks
There are some questions that doesn’t even need answers. Before asking this question did you ever take a minute to imagine what it’s going to look like if like such a thing happens? How possible do you even think it is? The only thing you should have said is that if there is any possibility that banks might decide to start making use of the Blockchain in processing transactions. There is the possibility for such to happen, and not the one of eliminating banks completely. That one is the one that is not going to happen, as much as some crazy enthusiasts would say that’s what they want.