Moving on to the new industrial revolution
Blockchain banking revolution
Different between a modern and traditional institution in the following chart.
|modern financial institutions||Traditional financial institutions|
|1||So new and invisible.||are not modern institutions. |
|2||is a new, powerful technology that anticipates enormous changes.||The economic model of banks has remained unchanged for hundreds of years.|
|3||Show bitcoin and cryptocurrency in general source code and online.||are slow, and their commission expenses are not justified.|
|4||Important in the future for the business.||The main problem is the heavy burden of their structure|
|5||Banking without a bank. crypto bits provides new financial services in the Blockchain technology in a faster, cheaper and easier way.||Just pay to bank and bank to people .all action knowledge and clear.|
|6||you can move and manage money faster and with more confidence and transparency than any bank could offer. |
|Trance action slow about 3 hours to 3 days and all action in work time.|
|7||It’s transparent, safe, secure, relatively cheaper and decentralized. |
|Limit action loser and maybe hacked on ATM and internet banking platform.|
|8||Optimal security and use of users. |
|Handle with the officer!|
Reduced costs, Faster transactions, Improved security, Improved data quality,
|Exchange costs? slow transaction limited with federal Roser and un low|
|10||Environmental Protection |
|Secured with a password and modify the document|
|11||Secured with HASH||secured with password and Identity of documents|
All these characteristics make the blockchain more reliable, very promising and the in-demand solution for banks and other financial institutions.
Traditional financial institutions
Traditional financial institutions are not modern institutions. They take a long time to adopt changes, they do not specialize in being at the forefront of technology, they adopt improvements when the other social sectors have already adopted them.
In this model what counts is that all the agents involved in an economic transaction must take their commission with them, and the regulatory security measures take a long time to operate as a result they have not Reduced costs, Faster transactions, Improved security and Improved data quality.
What Is Blockchain And What It Means For Banks & Financial Institution?
The blockchain technology came to prominence after the emergence of Bitcoin, the first cryptocurrency. Lately, tech has gained widespread popularity as researchers discover its many uses in various industries from payment processing, money transfers, monitoring supply chains, managing digital identities, land records and many more.
Advanced technologies are fewer so Disturb banks but use viable alternative to traditional channels for conduct financial transactions.
HASH government all action and knowledge personality of all personnel on the world.
Banking is a sector of the economy that has been rigid in its evolution. It has grown at a prudent pace but is now on the verge of major changes. This is due not only to the blockchain but to different aspects of society that need access to it.
That is why the new bank must be truly new, it must start from an agile, innovative environment, focused on developing processes and generating new models. Seeking speed and total confidence in the technology.
if the traditional financial institution doesn’t change, they are will obsolete.
By the way, do you know Banks are testing Blockchain as a method to replace their central databases?
That’s why crypto bits was born. This is why Blockchain Banking was born. Is it a Blockchain banking revolution? Moving on to the new industrial revolution!!
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