# Does The Director Blockchain help me cross the street...?

Does The Director Blockchain help me cross the street?

This week a lot of traffic, birth dates, helped a person to cross the pedestrian crossing, approximately octogenarian age, with a bag of bread in hand, shopping district of a provincial capital. My surprise, when you thank me, is Mr. D. Antonio one of the 8 Directors I met in my professional life in 40 years as an industrialist. We remember the office of a Centennial Bank, 100 meters from this pedestrian crossing. Very lucid mind, we were talking for a few minutes or an hour, I don't know.

We started remembering the beginnings of my business and how it advised me on several successful financial transactions. For me, the value of a Bank Director is the person who attests to a job well done.

They were highly respected professions like the Pharmacist, the Physician. I relied more on my bank's financial advice, that of my commercial and financial management office that I subcontracted, is it in matters of client risk, investments, fixed assets in machinery or in real estate, etc. D. Antonio his academic formation, administration, his professional beginnings, intern with tracing paper, very agile domain of the typewriter, jovial aspect, gift of people. I went into banking at the time they start in computing with punch card readers, or fill in the notebooks and movements of the hand and retired before the entry of the new millennium when we thought that everyone stopped because of computers, the phenomenon the numeronym Y2K.

All the directors I met in this office were cut from the same pattern. It came the time of young economists and doctors in economic young very well prepared, with the computer in full bloom, the profile of director is changing, trained in coaching, dogs of prey, the point of view to achieve objectives at any cost and next year the bar a little higher. In this branch they still sent principals from the old school. I asked D. Antonio for advice about a problem that worried me, about an operation that I performed a little more than a year ago, I moved some money from my father's account that was in a delicate health situation.

With a Tutorial Power of Attorney. The money comes from a fixed term from this century-old bank. By the convulsive situation and uncertainty of a bankruptcy and take it to new bank. I asked for a meeting with the director of the new Bank, I told him that this money came from a Fixed Term account and that I had no notions of risk operations, nor in shares, I was not authorized to make any other type of account other than a Fixed Term and with a very conservative profile and desire for zero risk. My surprise is that the fixed term that I request, became a Fixed Income Investment Fund in the short term. I performed a MiFID test and gave a low profile, check what to do with this test, hiding the truth. Half an hour ago I had made a Fixed Term in another Bank without the test. As the contracts did not come out for a conservative profile, the Director active two fields c) Equity and d) Funds.

I ask the opinion of Mr. Antonio, I resorted once again to the advice of the wise men of our elders, "make a resource, go with the truth ahead, the firm has a lot of power, the truth and the word well used has strength";. In contracts, as they say, "the devil is in the fine print".

I commented to D. Antonio a few words of the concept "depreciation of knowledge"; is not a recurring theme in research or academic articles, but it is a phenomenon that occurs every day and at an accelerated pace. So much so that Agustín Carstens, governor of the Bank of Mexico, explains why our knowledge and experience will be worth nothing tomorrow. This devaluation of knowledge and experience is not only reflected in people, but also in companies. There are two very clear examples: Kodak, once a leader in the photographic industry, took 15 years to adapt to the transition to digital photography. If this company was victim of disruption, Uber, another example, is the descriptor, as it took much less than 15 years to surpass the traditional players of private transport. That's how fast innovation is happening in industries.

The Digitization will involveautomation in decision making in thousandths of a second. Our Digital General Manager is a very short short term future, he will give us tailor-made solutions and very precise and profitable decisions.

With digitization it is a disruption, where new professions that are not yet designed with schools and universities will appear. In the labourmarket, professionals such as fewer years of study and more specialisation will be required.

The financial entities have to make a reflection as in the Bauhaus school, stop for a moment to think of a new strategy to bring together a team of professionals such as sociologists, psychologists, philosophers, digital technocrats, financiers, economists, etc.. . English Scholar Charles Handy wrote in the Age of Paradox: "We live certain that our generation is different from that of our parents, but we see our children living just like us. Millennium Generation, Generation Z, Generation Y, has different needs and patterns. Large groups are merging, such as Amazon and Inditex, El Corte Ingles and Alibaba or other major global financial groups are gaining ground with new methods crypto currencies, banking with Smartphone and installing with force theBlockchain. In a very short time the average user will have in his power a chainbifurcation of blocks, he will be our Notary, he will attest to everything we do and millions of data will be stored in a nano-particle.

A little more than 40 years ago we were at the beginning of computer science with punched cards and now Blockchain. The bench has to evolve and not let go of the prey dogs. The conversation was cut short by a call from a mobile company operator, with others, very aggressive, very prepared, by motivational coaches.I admire when I go to a restaurant, as the masters of the kitchen work, they elaborate a culinary specialty against the clock, in little more than half an hour they prepare a dish to the consumer's measure.

The companies, the bank have to make an adequate kitchen that society demands. I was lucky enough to work under the philosophy, "first sell and then manufacture and serve in a short period of time"; and "inverse scandals"; and not the calculation of the cost to add and add. He is a visionary, in time, the fourth industrial revolution comes from the hand of companies such as Inditex or the automotive sector, etc. who are writing a new history of the new industrial society.

The Industry 4. 0 is going to make us change, implanted the digitalization with the internet of the things, everything will be interested, our house, the transport, the vehicle, etc. with our clothes or With smarphone (it will be a lamina graphene) with the smartextile or gadgets are also connected with our offices, work, or in the industrial processes, in the commercial transactions and with intelligent cities.

"Nobody is going to have those 15 years anymore because times have shortened, Megatrends, industry 4. 0 and digital transformation are imposing a new phase of work and many changes,"; warns Roberto Cabrera, KPMG Mexico's leading national consulting partner.

These days I look for D. Antonio for the zone, to be a few minutes more with him, Ido not find him.

In a few years my professional life will come to an end and I will ask DirectorBlockchain to help me cross the street.

Ingenier Textile Mr. D. Lisardo Gonzalez.