Post
Topic
Board Economics
Re: The future of banking industry in blockchain
by
marcous
on 14/11/2019, 05:16:52 UTC
Hey.
Yesterday I read an article about banks that began to use blockchain and there was pretty impressive list.
They're also described successful cases of using blockchain in banks (if you're interested - here's the article), so I may assume that using blockchain in bank's system is only a matter of time (and money, of course).

Now, the question: why it takes THAT long the smaller banks to go the same way and start using the blockchain?


yes, some banks in my country have seen a lot of positive effects of blockchain technology because blockchain is a solution to the banking problem. The point is, this blockchain technology is still relatively new in the banking world. so it takes time besides applying it also introduces to the wider community about the security of blockchain for the transaction and also customer data.