Investment bankers nowadays have much to master before they can make progress in the industry. Presently, JP Morgan Chase executive Huang Guobin says that the need to master blockchain and related technologies that are starting to emerge, due to the future industries that customers will flock to.

Based on a report from Wall Street CN, the seven categories that will dictate future industries include:

Early last year, Huang Guobin spoke at Peking University in a lecture titled “The Positioning and Development of Investment Banks in the Age of Science and Technology Revolution.” During the speech, he said, that there are three particular traits to the “customer-centric, technology-oriented ‘axis’ industry structure.”

He continued, “First, the entire platform of our service must be technology-oriented, and all industries have technological elements, so it is called all in tech. Second, all investment bankers must master basic technical skills and have scientific DNA, otherwise they will not survive. Third, our industry settings are different from traditional industry coverage models. Our industry settings are designed based on business logic, customer needs, and business needs.”

Huang believes that the industry segmentation is here to stay, but it will also continue to evolve. He states that Jack Ma’s Ant Financial could be considered Technology Media Telecom. Alibaba is responsible for supporting the AliPay mobile payments platform, and many people still turn to the app as their main payment option.

Speaking on the effect of the technology on younger consumers, Huang said,

“Many young people are very excited. They feel that they are all technology investment bankers. Although they will not turn around overnight, at least young people have the opportunity to understand technology. The 200-year reform will serve as a reference. Whether we succeed or fail, we can share our experience and pave the way for future generations.”

Huang has remained the health of China global banking for JPMorgan since 2015, following his former position at Goldman Sachs.

JPMorgan has continually supported the development and enhancement of blockchain technology with projects like the Blockchain Center of Excellence. However, the opinion of cryptocurrency is less friendly, considering CEO James Dimon’s view of cryptocurrency being no more than fraud.

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