Thank you for posting your experience. What a wonderful article. I love what you wrote.

FinTech has been in full force since around 2001. It is amazing how so few people realized what was going on. This was perhaps one of the most disruptive, under the radar moves. However, 15 years later, we know it isnt a secret anymore. The financial arena is under attack from automation. Check that...the jobs in the financial arena are under attack. Of course, as you pointed out, outside technologies (read blockchain) are also serving to attack the banking system.

Ultimately, we are seeing industries across the board being disrupted. It seems retail gets the press but legal, accounting, broadcast tv, and medical are either in the process or soon will be facing major changes. Technology is penetrating most areas of life in big ways.

The thing to remember is that for a time, sometimes a long time, technology is deceptive. People are unaware what is happening until it is too late. Blockbuster didnt consider Netflix too much of a threat until their clock was cleaned. Kodak was a film company, right up to the point where the Japanese camera companies put them on the brink of bankruptcy.

The bright spot in all this is that technology, due to its deflationary nature, gets less expensive hence making it more affordable over time. Today we have more access for less money to movies, tv programs, music, and cell phone time. All of these are minimal to no costs especially when you consider what they cost 20 years ago.

Thank you for the post. Gave you an upvote and follow. I look forward to what you write.