Nish Kotecha On The Future Of Banking Powered By Blockchain

In this video, Nish Kotecha, Co-Founder and Chairman at Finboot, discusses his view on the future of banking supported by blockchain. Finboot is a company that focuses on providing industries with help in technological aspects of their businesses. “Blockchain can enhance trust because it gives you provenance and the right permissions, transparency and traceability of what’s happening and where, unlike any database today.” “We still need the support because you can’t afford, in the case of Silicon Valley [a bank which has shut down], startups and the technology and life sciences ecosystem going bust because banks made a bad decision … Paying wages next week became a real issue until the government stepped in and supported this. But it cannot happen often enough that governments are also at risk … Blockchain and regulation could have been a more sustainable opportunity.”