The Blockchain Bank of the Future
1 min readMar 27, 2018
Blockchain technology is here to stay and it’s time we start to imagine the financial system of the future. Let’s explore the potential of Blockchain Banks.
- People — The Blockchain revolution has been driven by People and Decentralisation. People now manage their own funds and digital asset portfolios on the Blockchain.
- Companies — With adoption, corporations run on the blockchain. Accounting, Finance, Supply Chain, Payroll etc. It will reduce costs and increase returns for shareholders.
- Blockchain Banks — Deposits, Lending, Payments. Blockchain Cards. Mobile Payments, QR codes. Blockchain Banks can offer better value to their customers.
- Central Banks — Cryptocurrency Fiat Tokens. Central banks can create Digital Fiat Cryptocurrency in the Financial System of the Future.
Incentives drive adoption.
A Case Study: ABLE — The Revolutionary Worldwide Blockchain Bank.
- Depositors receive higher interest rates.
- Borrowers pay lower interest rates.
- Smart Contracts eliminates Moral Hazard and Central Server Hacking.
- Smart Contract Banking Services include payroll, investment etc.
- ABLE Token holders receive capital gains on user adoption.
Conclusion
Blockchain Banks offer a compelling value proposition to customers and shareholders and are positioned to deliver unique Banking Services by unlocking the potential of Blockchain Technology.