Fidelity CEO Abigail Johnson criticizes traditional finance as “scary” due to outdated technology. She believes blockchain will replace it, but change will be slow and forced by competitive forces and regulatory standards. Fidelity has been a pioneer in blockchain since 2013, facing resistance from traditional finance. Regulatory standards are already changing worldwide, pushing the industry to upgrade infrastructure. Johnson acknowledges the slow pace of change in traditional finance, despite Fidelity’s innovative efforts in blockchain adoption.

Read more at Yahoo Finance: Wall Street will be dragged to blockchain ‘kicking and screaming,’ Fidelity CEO says