BlockChain CEO: Hard for Big Banks to Change Tech Culture

The video discusses the resistance to adopting new technologies and how industries like digital photography and content streaming have been disrupted. It highlights the potential impact on the banking sector, predicting that banks may consolidate or fail if they don't adapt. The narrative includes the story of a tech company's founding, driven by technical interest rather than a plan to disrupt banks. It concludes with a discussion on cultural challenges in banks and the importance of integrating tech talent to remain competitive.

What are some reasons why people might resist adopting new technologies in banking?

Discuss the impact of incumbents in industries like digital photography and content streaming.

How might blockchain technology change the way banks operate in the future?

What cultural factors influence the ability of banks to innovate and adopt new technologies?

What challenges do large banks face when trying to adapt to technological changes?