Blockchain News


Get Free Bits Using Our Banner Links Below:

Former #Barclays' Boss says #Blockchain Could Destroy #Core of #Banking

Barclays' Boss says Blockchain Could Destroy Core of Banking

According to Antony Jenkins the advent of new #technology such as #ArtificialIntelligence and the #blockchain could shake up the fundamental #principles of #banking and challenge the industry.

He believes the #innovation in #finance could eliminate the need for maturity transformation – the process by which short-term deposits, such as current #accounts and instant access #savings, fund long-term loans including #mortgages.

That is a fundamental principle of the industry as banks can offer a low interest rate to savers while charging more to borrowers, profiting from the gap between the two rates. According to an article by the Telegraph.

Jenkins speaking at the Chartered Institute of Accountants for England and Wales said that banks will have to face up the extraordinary changes that are taking place in the coming decades.

In Jenkins opinion the customer led shift towards #online #banking will not serve to undermine #banks. But will likely lead to the closure of branches specially while banks Ageing #ComputerSstems  struggle to keep up the latest technology.

While such CulturalShifts may not be good news to the employees working in the bank branches. As is often the case businesses and organisations will often have to undergo a cultural shift that is led by technological changes in society. It comes down to how these changes are handled in order to counter perceived negative effects.

Read Full Article@telegraph>> 


  1. I am home and I have been earning from home full time TRADING BY INVESTING WITH SKYLINK TECHNOLOGY and making a steady income. Via BITCOIN TRADING/MINING. I make over $7500 weekly, I am able to cover all my home expenses, car expenses and have money left over to be able to enjoy life financially free. no fraud, nor waste your time. Invest and get paid simple as that. Don’t let opportunities like this sound strange to you as it is real and the opportunity as bitcoin is taking over the world market today. hurry up and be a part of  this today. i just wish i had knew earlier
    get in contact with them today via mail:  or  whatsapp: +1(213)785-1553  or website:  or telegram group:

  2. Are you interested in trading bitcoin binary and forex trade where you can earn 100% of your investment daily If you invest as low as $200 you will get a profit of $2,000 after 72 hoursand he deals with any kind of hack if you are intrested you can contact him via email: +12132951376(WHATSAPP) no force but i am sure you would come back thanking me


News In Europe


News In Africa


News In The Americas


News In Australia


News In Asia