International currency researcher and professor at Renmin University of China Li Huang published the results his scientific work. The main conclusion was that the practical application and widespread introduction of blockchain technology into the existing banking system is not particularly profitable at the moment.

Li Honghan stated that such an implementation not only needs to comply with regulatory requirements while generating economic benefits, but also needs to be well connected to the traditional banking and capital market infrastructure. Therefore, it is necessary to redistribute decentralized technology. In addition to consuming a large amount of labor, material resources and financial resources, it must also reform the institutional arrangements of the bank itself and related departments, which will be met with great resistance.

Source: BTC86.com