{ "media_type": "text", "post_content": "Will Blockchain technology eventually replace banks?", "post_id": "5977c0d3adbda100169b321e", "reply_count": 12, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Will Blockchain technology eventually replace banks?

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Don't know, but blockchain makes auditors obsolete. There goes our Channel 1s

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No. Because blockchain requires an understanding of math to comprehend, and stupid people are scared of complicated things that they don't understand.

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everything is transcribed in the blockchain. Especially if banks start exploring ethereum smart contract use cases- an auditor will never have to do anything again. All transaction history and financial statements will be documented and easily retrievable.

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It won't replace banks, but it will replace a lot of labor with capital

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Right but what an auditor does is analyze the history. Someone would still have to do that, and someone would still have to audit the block chain is functioning properly. The way the audit functions would change but audits will never go away

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An interesting quote I heard once was "blockchain is overhyped in the short term but underhyped in the long term"

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If Eventually = 20 years ๐Ÿ˜œ

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Let me go check my crystal ball

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Blockchain is already being explored by banks for major operationalize cases. I'm in this space.

operational*

K1 how does it make auditors obsolete

If used appropriately !

Additional Posts

Not crashing anymore.

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Post without company

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Part of the crowd. The briefcase doesn't show in post details though.

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Do you see this post? 12:59am

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Post for push testing

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Post new user

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Post to test

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test post from test

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Where is a new build???

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Found out today that client is installing bulletproof windows because the client has received death threats. What. The. Fuck.

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PSA: 50k bonus points for referring someone for CSP. If you know someone who doesn't have it yet, may be worth it for a free trip between your 50k and his/hers

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On a new 4 person team (excluding partners). All 4 of us are women of color. Loving the feeling of walking into the client and exceeding expectations and defying any stereotypes! ๐Ÿ‘ฉ๐Ÿพ๐Ÿ‘ฉ๐Ÿพ๐Ÿ‘ฉ๐Ÿพ๐Ÿ‘ฉ๐Ÿพ

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As a kid, every winter I shoveled an elderly widows driveway and always refused payment. She passed away last week and left a SD box in my name with a note -Thanks for all the help. 10k was enclosed.

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KPMG ๐Ÿ , what would be the base pay for a senior associate (3.5 YOE) in the finance transformation practice? (NYC)

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Manager: "Guys we're going to have to work hard this weekend and through the holiday weekend" Me: "I'll start looking for a new job" ๐Ÿ–•๐Ÿ”ฅ๐Ÿบ

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Where have all the insecure overachievers gone? All my teams seem to comprise of overconfident underachievers these days

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