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ValueWeb: How fintech firms are using bitcoin blockchain and mobile technologies to create the Internet by Chris Skinner

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A brainstorming session with a group of banks raised this question: are we going through a Kodak moment in banking? Are we seeing a Nokia-type change? Will banks miss the tipping point and die from the reformation of the internet, or will we respond and change in time?

Kodak and Nokia were market leaders in their respective areas, but were deniers of change. Kodak didn’t believe digital cameras would replace their business; Nokia didn’t see that the smartphone would wipe out their mobile leadership. Are banks going through the same blindspot moment? By not adapting to the ValueWeb fast enough, will many banks disappear?

There are a few things ...

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