I work in the financial industry, one of the largest bank. IT system are lagging comparing to other industries. In general there is so many different system and databases in different programs. One of the issue I see for me to sell it internally is the lack of other peers of using this technology on a day to day basis other than some trials. Privacy, KYC and regulation is quite strict in this industry and many Managers, CEO will rather not try something new if there is a posibilty for this to work.
In addition to create a blockchain IT department should hire Blockchain developers which is againts a cost cutting culture that actually my bank has. All in all I do not think my industry is embracing change but rather fighting it with more regulation for new comersā¦
2 Likes
I currently work in aviation, at an airport to be more specific. I think there are many different opportunities where one could implement blockchain technology in this setting. But so far I havenĀ“t really had any specific ideas. The thing is that most processes are standardized. So disrupting that with a new approach could be difficult as long as it touches areas which are regulated. But I think some local systems can be moved partially on to blockchain.
2 Likes