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-banksIt is undeniable that blockchain is having its best of times right now for its emergence and adoption has been spreading around the world, in different industries and fields. But despite of those, completely replacing banks by blockchain is impossible because not all countries are accepting blockchain. Another thing is, without banks every countries backbones might fall, and it will have a massive effect, for losing banks is also a lost of job for the manpower behind it and not everything can be relied on blockchain because not everyone will have the ability to operate blockchain and will still rely on banks.