Dear @flash07
Thanks for sharing link to your recent publication with me buddy.
You must have heard that the blockchain and banking sector are born to be against each other.
Definetly banking sector is being threatened by this technology and those banks that will stay behind with current "infrastructure" will struggle in the future with operating costs way higher than those banks who would implement blockchain into their daily life.
The way I see it is that majority of banks out there cannot even afford to make a "switch" and they will struggle in the future, since some other major banks (With solid resources) would be way ahead of them. So for many this technology is a real threat.
This helps minimizing the risks associated with scams and money laundering.
KYC on the other hand does maximize our data collection/harvesting and our data being leaked or sold left and right. Right now most of those crypto require KYC, but how can anyone be ensured that they store it in safe manners? There is absolutely no regulations forcing companies to maintain some security standards.
Solid read. Upvoted already.
Yours
Piotr
RE: Banks and Blockchain Linkage - iTechCrypto