Banks Need to Be Centralized – Could Blockchain be the Answer?

[kreslik.news]

The queues in banks have lessened, the digital transformation is progressing, few people are for banks becoming redundant, and few believe banks should rise and serve as the operating system. However, I vote – banks to be centralized! And to some degree, Blockchain could help banks to achieve that.

Why Do Banks Need to Be Centralized?

Unlike the olden days when data/information was maintained in ledgers and files, now data can be digital and stored on cloud servers. So, if the account information was fed in ABC city, why can’t it be accessed from XYZ city?

Thanks to globalization that customer is not in one place ... (read more)