[saintbellarmine]

While I generally agree, there is a difference between what bankers are doing atm with their ledgers and SOME projects in the private permissioned ledgers space. The difference is that they are not Byzantine fault tolerant, and distributed. If even just between each other, so there isn't the sort of robustness that you would have otherwise. It reduces a lot of overhead they have atm, with their ACH system. Which works, but it is not perfect.

An analogy I can be able to give, is banking is double entry book keeping. DLT's are triple entry book keeping, there is simply many things that their current ledger entries can't do. DLT allows their money to become commodity money, there is also a bunch of contracts that can be added on top of that. So main thing is banks could be able to potentially offer many more services than just verifying payments, at a much lower cost reducing the amount of employees they need. Make more offices or w/e else bankers do lol.