BlockChain CEO: Tech Rebuilding Financial Services

The video discusses the transformative potential of blockchain technology in the financial industry. It highlights the importance of building an independent platform to create a new financial system, rather than just improving existing infrastructure. The video explains blockchain as a secure, low-cost technology that can revolutionize financial services. It addresses challenges such as trust and technical scalability, comparing blockchain's current state to the early days of the internet. The discussion also covers the long-term impact on jobs, predicting significant changes in the financial ecosystem over the next 15 to 20 years.

What is the expected timeline for blockchain to significantly transform the financial industry?

• 15-20 years

• 1-2 years

• 5-10 years

• 10-15 years

What is the primary focus of the company discussed in the video regarding blockchain?

• Improving current financial systems

• Creating new banking regulations

• Building an independent platform

• Partnering with existing banks

What is a major technical challenge for blockchain technology?

• Lack of internet access

• Insufficient computing power

• High transaction fees

• Limited user interest

How does blockchain technology compare to the early internet?

• It is more advanced

• It is widely adopted

• It is less secure

• It is in a nascent stage

What is a significant impact of blockchain on the financial industry?

• Decreased automation

• Increased job opportunities

• Higher transaction costs

• Disruption of traditional jobs

Which market is experiencing significant growth in blockchain usage?

• India

• China

• Brazil

• United States

What percentage of jobs in the financial industry might be lost due to blockchain and other technologies?

• 70-90%

• 10-20%

• 20-50%

• 50-70%