By 2026, the banks will disappear due to the development of the technology of the blockchain (the block chain, distributed database — approx. “The tape.ru”). This was stated by Vice-President of Sberbank Andrei Sharov, reports Rambler News Service.
“After 10 years, are afraid that banks will not and I have nowhere to go to work. We are actively developing the platform peer-to-peer lending (lending without an intermediary like a Bank or other credit organizations — approx. “The tape.ru”), evolving technology payments based on blockchain technology” — leads the Agency of his word.
He recalled that the Bank of England have formed a consortium of 50 financial institutions that completely reinvent the business model on the blockchain technology.
17 September 2015 the head of Sberbank German Gref said that blockchain technology offers huge opportunities for the safe sharing of information. According to him, there are expert suggestions to translate the whole system of registration on the technology of the blockchain — registration of rights of legal entities, rights to real estate and so on. Gref also admitted that he owns bitcoins. However, he lamented that the rate of bitcoin fell more than the ruble.
The Blockchain is used as a repository of information on transactions with the cryptocurrency bitcoin. In it are recorded all movements within the system. The technology can also be implemented in banking — encryption technology to greatly reduce the time to conduct large transactions (loans, stock trading, and so on). Evaluation of the Spanish Santander InnoVentures Fund, thanks to the blockchain investors would save approximately $ 20 billion per year by reducing related (mediation, regulatory) costs in financial transactions.
