Blockchain makes settlement open, faster, and easier to verify. But most economic activity still depends on information that lives outside the chain: rates, assets, regulation, credit, corporate actions, real-world events.
It's never banks vs. blockchain. It's how all works together.
Why do some people think banks need to be scared of blockchain? or banks need protection?
Blockchain is faster, cheaper, and more easy to verify way of transferring value.
Blockchain is an open technology anyone can use, including banks. 🤷♂️