Post
Topic
Board Economics
Re: The future of banking industry in blockchain
by
Blue_oxen
on 07/12/2019, 14:15:16 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?
Blockchain is a new technology and it is really causing difficulties for new developers and adoption. Besides many businesses successfully applying this type of technology, many businesses that apply it fail. We need to find more talented people to be able to develop and find something easier, less complicated for businesses to use it best. Hopefully in the future there will be a team of good engineers on Blockchain to help the world economy be more perfect than ever.