Filtered by tag: Banking

Can the Blockchain reinvent our world?
Posted: 20 April 2017 1 Comment

Futureworld tagged the Blockchain as a potentially massive disruptor many months ago. The evidence is building up that it will be just that, and not only in the world of financial services. Read on to discover how it is being used for everything from tracking blood diamonds to securing supply chains.

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Bitcoin’s foundations are reinventing more than money
20 April 2017
Blockchains are being used to trace blood diamonds, verify health records, and secure supply chains.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
New world of banking driven by social media and mobile
Posted: 20 April 2017

China's Alipay and Tencent are showing the world the value and scale benefits of integrating social media, mobile and e-commerce ecosystems to deliver new payment systems at very low cost but resulting in massive scale benefits.

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Social Networks, e-Commerce Platforms, and the Growth of Digital Payment Ecosystems in China: What i
20 April 2017
Social Networks, e-Commerce Platforms, and the Growth of Digital Payment Ecosystems in China: What it Means for Other Countries
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
The blockchain revolution
Posted: 4 March 2017

We;ve been telling our clients - across all industries - for more than two years now that the Blockchain is a deeply disruptive technology. Here are some of the latest developments.

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In Case You Missed it, The Blockchain Revolution's Officially Begun
4 March 2017
Two research labs in Japan and Scotland are being set up to research cryptography, smart contracts, and upgrading cryptocurrency systems.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
Fast cheap international money transfers a reality...for some banks!
Posted: 2 March 2017

I received USD12k into my account today. my banker has not yet called with an exchange rate and a credit to my account and hence it will be at least 24 to 48 hours before I derive any economic gain for the arrival of MY funds! Guess who will receive the value? In the meantime, Japan's banks can settle international money transfers in a second, and no doubt at a fraction of the usual cost!

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Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple | Ripple
2 March 2017
47 banks have successfully completed a pilot implementation of Ripple in Japan using a cloud-based payments platform.
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
And it's happening!
Posted: 17 February 2017 1 Comment

We published the attached MindBullet only yesterday - and look at the news that has just been released in India.
https://www.cryptocoinsnews.com/state-bank-india-announces-financial-blockchain-consortium-bankchain/ ...

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MindBullet logo EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE
Who will lead the global chaincash system?
Dateline: 13 March 2019
Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The contenders, perhaps surprisingly, are the new giants, China and India, and little-known South Africa. Rich countries are too rigid in their financial structures and too protective of their established reserve currency status to risk a game changing ...

EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE

Published on: 16 February 2017 2 Comments

Who will lead the global chaincash system?

Dateline: 13 March 2019

Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The contenders, perhaps surprisingly, are the new giants, China and India, and little-known South Africa. Rich countries are too rigid in their financial structures and too protective of their established reserve currency status to risk a game changing innovation like this. An upsurge in nationalism and rejection of globalisation by America, Britain and Europe ...

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Here comes the e-yuan.
Posted: 26 January 2017

We started writing about this back in 2012 - that China would come out with the e-yuan - see the MindBullet alongside. And now it looks like its going to happen.
And meanwhile in India, the country's biggest banks are forming a consortium to develop a Blockchain interbank platform - see the link below. The financial service industry will never be the same ...

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Chinese central bank tests digital currency system
26 January 2017
The People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first ...
MindBullet logo CHINA LAUNCHES THE E-YUAN
US Dollar slides as gold-backed RMB becomes the online and offline currency of choice
Dateline: 15 March 2015
China's monetary authority has done it again. After surprising everyone but a small group of futurists by partially adopting a gold standard to back their ...
Setting exponential goals - Alibaba shows incumbents how to dream and execute!
Posted: 20 January 2017

With almost 500m clients Ant Financial, the financial services arm of Alibaba, its already a huge business, bigger than most global banks. Yet is seeks to quadruple its base in next 10 years to 2 billion customers! Most of the incumbents cannot even think at that scale and their systems simply cannot ever cope with that scale...Check mate ?

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Alibaba payments arm aims for 2 billion users in 10 years
20 January 2017
Ant Financial eyes sharp expansion in coming decade
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
Digital blockchain currency could boost British GDP 3%
Posted: 13 December 2016 1 Comment

Debates on the potential impact of the blockchain are occupying many minds around the world. Now the Bank of England reports that it believes a digital currency based on the blockchain could boost British GDP by up to 3%. Every business, and not just those in financial services, needs to pay serious attention to this technology.

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A 3% boost to GDP from blockchain? It’s a real possibility
13 December 2016
The Bank of England is seriously weighing the benefits of a digital currency.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
The age of digital gold
Posted: 29 November 2016

How long before we get the world's first digital currencies issued by a major country - the digital dollar, or the digital yuan, or the digital rouble? And it will be based on Blockchain technology, one of the most fundamental instruments of change in our modern world.
And in addition to the Royal Mint's digital gold, Senegal is issuing a digital Blockchain ...

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Royal Mint to issue digital gold
29 November 2016
The Royal Mint, a 1000-year-old institution owned by HM Treasury, is partnering with CME Group to create a digital gold product that will be stored and ...
MindBullet logo CHINA LAUNCHES THE E-YUAN
US Dollar slides as gold-backed RMB becomes the online and offline currency of choice
Dateline: 15 March 2015
China's monetary authority has done it again. After surprising everyone but a small group of futurists by partially adopting a gold standard to back their ...
Cryptocoin similar to block chain kind of transactions?
Posted: 23 November 2016 1 Comment

I tried to learn and understand the difference between crypto coin and block chain digital payments

Kindly can i get some clarity on this?

Regards

Andrew ...

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MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably what they deserve, for years of fleecing consumers and investors. Most of us, at one time or another, have had that uncomfortable feeling of chagrin, when faced with a bank or forex dealer's spread of prices. "We buy US dollars at 0.89 euro ...

CHINA TRUMPS TRUMP, RUSSIA LOOMS LARGE

Published on: 6 October 2016

Brexit looks benign in the face of new shocks

Dateline: 14 October 2017

Disruption and turbulence are the new normal, as Black and 'Grey' Swans hatch repeatedly. When the British voted to leave the EU, it was a great shock to the global system, and markets reacted in both predictable, and unpredictable ways. While everyone was 'waiting and seeing' which way the wind would blow, Donald Trump became POTUS, sending another shockwave through the world. Within a year, France and Germany saw populism and reactionary forces replace their governing parties, and the EU is ...

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Dark side of Internet of Things
Posted: 5 September 2016

The internet of everything will be one of the main technologies driving the 4th Industrial Revolution, and it has already started. But smart devices also have their problems. Here are a few of the biggest challenges.

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4 major IoT challenges that stand in the way of success
5 September 2016
Heralded for driving positive transformations in consumer products, retailing, healthcare, manufacturing and more, the Internet of Things (IoT) promises a ...
MindBullet logo THINGS HOLD HUMANS TO RANSOM
A rash of incidents floods the world's networks
Dateline: 11 June 2019
I still remember at the turn of the millennium when the 'Internet of Things' seemed to be such a benevolent business opportunity. There were going to be ...
Uber drivers might be Ubered
Posted: 19 August 2016

The first fleet of driverless Volvo Uber cars will start operating in Pittsburgh. Apparently, they will offer free rides to get public support, and will be supervised by humans in the driver's seat, but that just proves the point - disrupt yourself before someone else does!

Ultimately, fully autonomous cars and trucks will change many business models, and create a vast crowd of unemployed ...

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This is Uber’s first driverless vehicle–and Uber’s human drivers should be worried
19 August 2016
The ride hailer is set to launch its first fleet of its inaugural driverless cars in Pittsburgh this summer, reports Bloomberg
MindBullet logo UBER HAS BEEN UBERED
And Airbnb, iTunes and Netflix are next
Dateline: 5 April 2018
Uber has been taken out by an unexpected competitor - the crowd. It's ironic really, because Uber was the first company to leverage assets it didn't own ...
Virtual economies get real
Posted: 11 August 2016

Nine years ago, we wrote about an interface where you could fly around the world virtually, enter virtual copies of real-world stores, and buy goods. Well, it's finally happening. Alibaba is trialling a VR payment system. Who says we futurists can't think ahead of the game?

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Alibaba trials virtual reality payments for VR malls
11 August 2016
The virtual world just got a new payments technology and it’s as easy as nodding your head Chinese web behemoth and Amazon stalking horse Alibaba is ...
MindBullet logo GOOGLE EARTH WORLD'S SIXTH BIGGEST ECONOMY
Virtual world covers two-thirds of the 'real' world
Dateline: 7 June 2017
Google Earth's virtual online buildings, designed and built by the in-world residents, now cover most of the developed world and all major tourism ...

BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES

Published on: 28 July 2016 7 Comments

Say goodbye to forex spreads and broker commission

Dateline: 27 July 2019

The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably what they deserve, for years of fleecing consumers and investors. Most of us, at one time or another, have had that uncomfortable feeling of chagrin, when faced with a bank or forex dealer's spread of prices. "We buy US dollars at 0.89 euro and sell them at 0.98," might be the typical offering. That's a massive spread profit for simply performing ...

Complete story...
Moores Law on steroids?
Posted: 23 July 2016

Many suggest that Moores Law may be nearing its end, and the rate of technological change and hence disruption is coming to a welcome end. However others believe the journey is just starting! Best one buckles up then as the ability to store, manipulate and work with data at atomic level suggests that the rate of tech advancement is a long way from slowing down!

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World's Smallest Hard Drive Writes Data Atom-By-Atom
23 July 2016
Using this breakthrough technology, all the books in the world could be stored on a device the size of a postage stamp.
MindBullet logo DATA CENTERS DISAPPEAR, WEB SERVERS GO VIRTUAL
Amazon, Google and eBay dominate internet hardware
Dateline: 5 September 2009
Why buy cows when all you need is milk? Have you noticed how no-one buys any server hardware anymore? In fact, I can't remember the last time a company ...

LONDON POPULATION FALLS AS SCOTTISH INDEPENDENCE LOOMS

Published on: 21 July 2016

Investment boom in Edinburgh triggers housing shortage

Dateline: 25 June 2020

London, a city which at its peak had almost 8.5 million residents, feels like everyone has gone away for the summer. You can always get a table, even at the trendiest restaurants, and the Tube is only half full. Over the past three years, as major employers have moved their corporate headquarters, or restructured to keep their European markets, hundreds of thousands have left. Following the loss of the UK's banking passport, Frankfurt and Dublin have emerged as new centres of finance, gaining the ...

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Canada working on a blockchain-based digital dollar
Posted: 17 June 2016 1 Comment

Anyone who has attended a FutureWorld presentation in the past year or two will have heard us proclaiming that the blockchain is a fundamental advance in finance, and could herald a new era of cyber-currencies, as well as other transactions, from property to art, based on the public, distributed ledger system.
In fact, it was back in 2005 that we wrote the MindBullet alongside, about the US ...

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Bank of Canada trials blockchain-based digital dollar
17 June 2016
The Bank of Canada has been working with the country's biggest banks and the R3 consortium on a blockchain proof of concept that uses a digital fiat ...
MindBullet logo US TREASURY LAUNCHES eDOLLAR
Credit cards & PayPal threatened by electronic cash
Dateline: 9 November 2009
The retail banking industry stands on the edge of a crisis today after the US Treasury announced it would start issuing digital cash. The new eDollars ...
Uber is being ubered in China
Posted: 17 June 2016

Earlier this year we wrote a MindBullet about Uber being ubered by a US startup. But in China, Uber is already facing - and it seems, losing to - a formidable competitor. Particularly interesting is how Didi Chuxing, the Chinese ride service, uses predictive analysis to provide great service.

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A Chinese Rival Beats Uber at Its Own Game
17 June 2016
Jean Liu explains how her ride-hailing company Didi Chuxing is besting Uber in China and why data is its biggest asset.
MindBullet logo UBER HAS BEEN UBERED
And Airbnb, iTunes and Netflix are next
Dateline: 5 April 2018
Uber has been taken out by an unexpected competitor - the crowd. It's ironic really, because Uber was the first company to leverage assets it didn't own ...

Filtered by tag: Banking