---
title: "The Importance of Boring: Commoditisation as a Driver of Change"
description: Discover how commoditisation drives change in financial systems. Explore governance, collaboration, and practical utility for impactful innovation.
image: https://39936595.hs-sites.com/hubfs/Imported_Blog_Media/The%20Importance%20of%20Boring_%20Commoditisation%20as%20a%20Driver%20of%20Change-1200x720-fs.png
---

![](https://39936595.hs-sites.com/hubfs/Imported_Blog_Media/The%20Importance%20of%20Boring_%20Commoditisation%20as%20a%20Driver%20of%20Change-1200x720-fs.png)

# The Importance of Boring: Commoditisation as a Driver of Change

[ GFTN ](https://39936595.hs-sites.com/sff-2024-session-recordings/author/gftn)  Nov 14, 2024 12:00:00 AM

 

In his talk on "the yellow circle" at the Singapore FinTech Festival 2024, Fernando Luis Vázquez Cao explores how commoditisation - often seen as "boring" - is a transformative force. By drawing parallels between open-source software and blockchain technologies, he emphasises the need for governance, collaboration, and practical utility to drive meaningful change in financial systems.

 

**Key highlights:**

**1. Governance and Collaboration are Key to Adoption**

- **Stakeholder Alignment**: Success requires serving developers, businesses, and end-users with governance frameworks that balance innovation and practical needs.
- **Corporate Contributions Matter**: Major enterprises fund and enhance platforms to meet their business requirements, driving broader adoption.

**2. Focus on Utility, Not Hype**

- **Practicality Over Innovation for Its Own Sake**: End-users care about useful applications, not the underlying technology. Prioritize delivering value.
- **Standards Enable Growth**: Platforms succeed when they provide stability, security, and interoperability for developers and businesses.

 

**3. Commoditisation Enables Transformation**

- **A Foundation for Growth**: Open platforms like Linux and PostgreSQL became the backbone of cloud computing and SaaS.
- **Financial Systems Need Evolution, Not Disruption**: Blockchain can improve infrastructure when focused on institutional standards and real-world needs.

 

**Conclusion:**

True innovation often lies in commoditisation. Fernando's journey underscores that impactful change requires collaboration, governance, and utility-driven solutions. By addressing real needs and aligning stakeholders, founders can create platforms that drive systemic transformation and sustainable growth.

 

Watch Full Session

 

 

Speaker:

- Fernando Luis Vázquez Cao, Chief Executive Officer, SBI Digital Asset Holdings

[Entrepreneurship](https://39936595.hs-sites.com/sff-2024-session-recordings/tag/entrepreneurship), [Singapore FinTech Festival](https://39936595.hs-sites.com/sff-2024-session-recordings/tag/singapore-fintech-festival), [The Founders Peak](https://39936595.hs-sites.com/sff-2024-session-recordings/tag/the-founders-peak), [Video](https://39936595.hs-sites.com/sff-2024-session-recordings/tag/video)

## Read On

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