Bank vs Block chain

Bank:

is an institute where we store our money and use it to make payment

Why banks were needed ?

In world ,when machine as a revolution came people or capitalists started earning more money then before .Problem was to safe the money ,they started to hire accountants. Now issue was accountant is a single person who can run with money .This became economic problem which was resolved buy creating an institute where money can be store which are bank now a days .

Banks Demerits :Most of us are acknowledge by merits of bank ,So we will discuss their demerits

• Fund transfer fee

• Delay funds transfer

• freezing accounts

• Most of banks doesn't have branches all over the world

  These are the big problem with banks these days and it looks like they are not willing to resolves these problem

Question : Why ATM machine has money withdrawal limit and why should I Stand in queue to take my money out ?

This is where block chain Technology take its lead .

Blockchain :

is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.

Lets take it as a bank .

• This is a bank which is available all over the world .

• It transfers multi millions in no time internationally

• Its system doesn't get slow

• It cannot be hacked or robbed

• Its transfer fee is too much low compare to these banks

• No government can freeze one's account

• One can travel the world with same amount and value of money

This is what Block chain offers ,my question to banks, Are bank willing to offer these services to people?