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Blockchain Technology changing banking

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Curious to know how exactly blockchain technology will change the banking world. How will the technology be integrated? What's the potential outcome?

Garrick Bradley II, CPA
38 months ago

1 answer

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I think that blockchain technology is more than likely to do banking world what internet did to media, by not only integrating very different customer needs within a holistic infrastructure but also by re-defining corporate roles and responsibilities of individual bankers/banks at the superstructure level. Namely, the banks and bankers of the future will be in need of having more than a grasp of technological issues; full comprehension of technology will be a prerequisite for them and blockchain is far from being an exception to this. At this juncture, as a professional consultant working on GDPR projects here in the UK, let me highlight the emphasis data protection deserves. Speaking of data protection, I believe that one distinct outcome of blockchain technology will be transforming the register, algorithm, classification, maintenance and safe-guarding of customer records.

Gokhan Gokceoglu
38 months ago

Have some input?