Blockchain technology is increasingly being recognized as a superior alternative to traditional financial settlement systems, which are hampered by outdated infrastructure. These legacy systems, reliant on batch processing and siloed databases, face operational inefficiencies and counterparty risks. In contrast, blockchain offers a continuous, transparent, and intermediary-free settlement layer, exemplified by initiatives like BlackRock's tokenized money market fund and the use of stablecoins such as USDC for global transactions. Beyond finance, blockchain's potential extends to automating complex workflows in sectors like logistics and real estate through smart contracts. As the shift towards blockchain-based systems accelerates, traditional financial institutions may risk obsolescence if they fail to adapt to this evolving landscape.