Nick Ducoff, the Head of Institutional Growth at Solana Foundation, advocates for banks to invest in public blockchains. He emphasizes the importance of innovation in banking and suggests that the Federal Deposit Insurance Corporation should support such advancements to benefit customers. By adopting blockchain technology, banks can enhance transparency, efficiency, and security in financial transactions. Furthermore, using public blockchains could foster trust among customers and pave the way for a more inclusive financial system. Public blockchains enable anyone to participate and validate transactions, democratizing finance in a way that can potentially disrupt traditional banking models. Ducoff’s vision aligns with the growing trend of utilizing technology to transform industries. The need for banks to adapt is pressing, and public blockchains could be a game-changer.