Comment by threeseed

> Banks, brokerages, mortgage providers, and medical entities mostly don't use oauth2 and won't use this stuff either. The world is still old school.

I work for a bank and it has nothing to do with being old school. We use exactly the same technologies as any modern startup would e.g. Serverless, Kubernetes, Cloud etc and deploy into Production with blue/green releases every week.

It's just that the user experience of our entire customer base comes first. And whilst everyone "gets" usernames, passwords, PINs, TouchID, FaceID etc they really don't understand OAuth and other federated identity approaches. Like what Google or Amazon has to do with my finances and why I have to visit their site to reset my password.

People thinking that Web3 is going to solve this problem really don't understand that it isn't a problem that needs solving.