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Blockchain is an enabler, not a disruptor

Gautam Jain, Global Head, Digitisation & Client Access, Transaction banking, Standard Chartered, speaks about how the role of fintech is continuously evolving, and how blockchain can change the industry.

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Standard Chartered Bank

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Keywords

Blockchain Cards Innovation Mobile & online banking Transaction banking

Comments: (1)

Andrew Miller
Andrew Miller - Net Effect Ltd - London 15 October, 2016, 21:04Be the first to give this comment the thumbs up 0 likes

So good to see the word "enabler", a positive thing, rather than "disruptor", generally perceived as negative. In these times where collaboration is almost essential, disruption sets the wrong tone. The purpose of innovation is at least one (or all) of three things: (1) reduce cost of the basics; (2) force basic suppliers up the value chain; (3) enable stuff that's not been possible before.  These are only disruptive if incumbents fail to act on these points.

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