Some great meets in Singapore last week…but what a difference a day makes! Tuesday I was on a panel discussing Blockchain Adoption in the insurance industry, at Asia Insurance Review’s annual Asia CIO event.
Panelists: Jenny Sutton, Co-Founder Galileo Platforms; David Piesse, Advisory Board Member, Guardtime; Paul Griffin, Associate Professor, Singapore Mgt University; Simon Phipps, Hof Asia & Blockchain, The Digital Insurer
I was asked what CIOs could do to accelerate adoption – under a show of hands only a handful in the room had so far bought any form of crypto – probably around 5% of the room. Putting a few bucks into a couple of coins or tokens, not necessarily with a view to making money, but more as a way of learning about the process, the market dynamics and the range of players driving blockchain innovation, is a great way of getting involved and ‘feeling the love (and the pain!)’, with a bit of skin in the game. After all, internal stakeholders and external customers are going to expect CIOs and other tech leaders to have a view, right?
Another great way to keep yourself up to speed, beyond the vast array of online resources, is the burgeoning meet-up scene. On Wednesday I managed to get into the SG Blockchain StartUps MeetUp, for an excellent presentation by Nizam Ismail on the regulatory and legal considerations of ICOs.
Zach Peister, Co-Founder of Intrepid Ventures and Blockchain StartUps Singapore MeetUp organiser
Heavily over-subscribed, standing room only, it was great to mingle with the likes of Pavel Bains, who did a great job on behalf of everyone on CNBC the day before, following recent developments in China. A room full of blockchain movers and shakers, early adopters and investors, where asking the question of who owns a token would have seen me unceremoniously ejected from the room…these guys are creating and selling them! Zach from Intrepid deserves a shout-out for an excellent job as MC.
So there’s the contrast – one day a bunch of insurance industry tech leaders still wondering how blockchain fits in and how big it may be, and the next a bunch of early adopters wondering why people aren’t already “all in”, driving the agenda and challenging the status quo.
As in all good relationships it takes two to tango. So to all incumbents and pioneers out there – lets feel the love, and share it!