Post
Topic
Board Economics
Re: Can Blockchain Replace Banks?
by
agentx44
on 24/10/2019, 14:25:41 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
On my honest opinion, I don't think blockchain can replace banks. We've all grown upon using banks when it comes to our investments. Even though the blockchain trend is getting more and more influential nowadays, banks would still lead the way since there are still more people who has no idea about the existence of crypto. I think instead of hoping that blockchain replaces banks, we should look forward on having them work in harmony so that everyone can gain benefit from it.