BLOCKCHAIN could dramatically reduce banks’ costs..!!
BLOCKCHAIN SAVINGS
I was scanning my news feeds earlier and came across this article I thought I would share.
Credit to siliconrepublic for the content.
https://www.siliconrepublic.com/enterprise/blockchain-accenture-investment-banks
Credit: siliconrepublic
Credit: siliconrepublic
Credit: siliconrepublic
This once again clarifies the potential benefits of aligning Global International Banking and Financial Services Infrastructures.
It will not only save billions of dollars in overheads but it will more importantly reduce the Systemic Risk of failure which is now at a critical level especially with highly leveraged toxic Financial Derivative Instruments.
Thanks again for reading.
Stephen
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Hi Stephen, thanks again. It can save a lot, i was wondering do you think if they adapt this it can actaully save the Fiat Currency debt over a few years or am i thinking this wrong. By the way check where I was today https://steemit.com/blockchain/@muks/blockchain-expo-23-24-january-2017-olympia-london
Great pictures. Upvoted your blog. If you havn't seen this video have a watch. It was an interview I did a year ago and is playing out exactly as I saw it back then. Cheers. Stephen
So many money wasted in banks... :(
All Banks are interested in is making a fee. They really don't care which direction prices go, up or down. It's all about making money today and forget what consequences are tomorrow. Stephen
I definitely agree!
It may cut costs, but it won't cut the prices of banking services. They have to dig themselves out of a deeeeeeep hole.
Stephen,
Thanks for posting this! Soon we may have to do many things to cut costs.
Upvoted and resteemed!
Mike
"Soon we may have to do many things to cut costs.". I couldn't agree more. The system is way too expensive to operate and the banks know this. Exciting times is an understatement. I am like a kid in sweet shop with so much going on so fast..!! Stephen