Why Do Wall Street Banks Have Blockchains in Their Dreams?

Every generation has their own technology. People learn this technology and become experts at this technology. But, many Wall Street banks have become experts in outdated technology. How can they become successful if they do not use the latest technology? One of the newest financial technological developments is the blockchain. Why do Wall Street bankers have blockchains in their dreams?

It Can’t Work

Gandhi might have explained human psychology the best when he talked about people rejecting change initially. That is what most of the Wall Street banks did. Blockchain was linked to Bitcoin, which was seen as a competition to traditional banking. But, the more that the bankers investigated, the more they realized that blockchain is powerful. While some bankers say blockchain can’t work, others understand the reality of blockchain. Blockchain is a technology, not a brand.

Blockchain Might Work

The Information Technology (IT) staff has finally explained the …

Read more →