By Shwetal Gajbhiye, FinTech Consultant
Whenever there is a new idea, concept or change is introduced, the one and the biggest challenge faced is how one can embrace this change. For the very obvious reason is its threat to the existing ecosystem. The same was observed when the buzz word FinTech was heard. One of the important pillar of FinTech is blockchain which is the talk of the town these days. And the question is how Indian market can embrace this disruptive change?
We already know that blockchain is one of the unexploited sector of the FinTech industry in India. Hence, we need to keep a strategy network to accelerate the growth of this concept. So how do we manage this transition when we know that stakeholders like regulators, banks, investors are so wary of this change?
Let’s take this transition in steps here.
Once we are able to create a robust transition process for embracing a change there will be also a change in the way we look at a concept.