Filtered by tag: Economics

China tests a blockchain cybercurrency
Posted: 24 June 2017 1 Comment

Looks like our MindBullets scenario from August 2012 was spot on (see alongside). China is indeed set to become the first country in the world to launch a cryptocurrency based on blockchain.

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China Becomes First Country in the World to Test a National Cryptocurrency
24 June 2017
Cryptocurrencies have the potential to not only benefit China, but the rest of the world, due to their basis in blockchain.
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 ...
The demise of oil
Posted: 23 June 2017

Will demand for oil continue to rise indefinitely, or will exponential technologies hasten a peak in demand, and a shift to alternative fuel and energy sources? Bloomberg gives us a view of what the demise of oil could look like.

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This Is What The Demise of Oil Looks Like
23 June 2017
Seismic shifts in technology and policy could slow demand growth
MindBullet logo PEAK OIL IS HORSE MANURE
The stone age didn't end because we ran out of stones
Dateline: 20 January 2021
Back in the day, when horse drawn carriages and buggies were the preferred mode of transport for anyone, there was a big fear in Paris, London and New York ...
Clean, limitless fusion energy one step closer
Posted: 23 June 2017 1 Comment

The relentless drive of alternative energies, from solar to wind to hydro and now, as well, fusion, is unstoppable. The fossil fuel industry days are truly limited.

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Fusion Breakthrough Puts Us One Step Closer to Limitless Clean Energy
23 June 2017
A new study could help make nuclear fusion the power source of the future.
MindBullet logo COLD FUSION SIGNALS THE END OF BIG OIL AND NUCLEAR POWER
It’s the start of a new low energy nuclear revolution
Dateline: 5 June 2014
Every once in a while we see the introduction of a technology that is so radically innovative that it seems magical, or impossible. The old clichés get ...
Solar ready to surpass coal
Posted: 19 June 2017 1 Comment

The combination of increasingly cheap solar power and new-age batteries is rewriting the rules of energy worldwide. And this means that the days of coal's decades-long supremacy are numbered. That's what we wrote in our MindBullet back in April 2008. And now it is happening.

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As Cost Plunges, Solar Power is Ready to Surpass Coal
19 June 2017
Within the next four years, solar power will finally be cheaper than coal nearly everywhere, aligning economic and environmental interests.
MindBullet logo COAL HITS US$10 PER TON AS SOLAR POWER SHINES
Nano solar films bring cheap energy to sunshine states
Dateline: 5 May 2018
It's hard to believe that a mere decade ago fossil fuels were at a premium, and everyone talked of 'peak oil' and the high prices of natural gas and coal. ...
Stratolaunch megaplane for orbital rocket launches
Posted: 20 June 2017

We've been saying for years that space is the next big business frontier, and Elon Musk has been dominating the news in that area. But another entrepreneur, Paul Allen, has been behind building the world's biggest plane to launch space rockets from the stratosphere into orbit. After four years it has emerged from its hanger for testing and could demonstrate launch capability by 2019. Will ...

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Meet the Stratolaunch Megaplane Taking Satellites Into Orbit
20 June 2017
Microsoft cofounder Paul Allen rolls out the Stratolaunch, a 385 ft. plane designed to carry satellites into low Earth orbit.
MindBullet logo THE FINAL (BUSINESS) FRONTIER
Space tourism and satellite launches compete for profits
Dateline: 27 September 2015
The race to launch a successful private space business has been won - and the victor, surprisingly, is not Virgin's Sir Richard Branson, but a 40-year-old ...

FAREWELL BANKS, HELLO BANKING

Published on: 15 June 2017

New players dominate financial services

Dateline: 26 August 2022

It was Microsoft founder Bill Gates who famously said in 1994 that we need banking, but we don't need banks. It's taken nearly 30 years, but he was dead right. Worldwide, financial services have moved out of the hands of traditional banks and into an array of mobile, FinTech and data companies. Some forward-thinking banks grasped the new world of collaboration and entered into early partnerships and have survived, albeit in a different form. Others have failed or, at best, become simply the ...

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When solar goes viral
Posted: 7 June 2017

When consumers are buying solar panels, at an outdoor market, in Mongolia, or Angola for that matter, then you know solar power is going viral. The future of the power utility as a monolithic entity, often controlled by the state, with power consumers that are dependent on it for affordable energy, is an industrial era idea that simply won't work in the future.

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'Spectacular' drop in renewable energy costs leads to record global boost
7 June 2017
Falling solar and wind prices have led to new power deals across the world despite investment in renewables falling
MindBullet logo SOLAR POWER GOES VIRAL
Rooftop, backyard and portable solar is the new meme
Dateline: 15 March 2022
The biggest energy revolution in 150 years has arrived gradually, then suddenly. Now it's here. Personal solar power has displaced central utilities ...

ELECTRIC CARS CAN'T STEER THE CLIMATE

Published on: 1 June 2017

But they're driving the Energy Internet and saving the city

Dateline: 2 June 2030

It's official. It's now cheaper, on average, to buy a new electric car than one that burns gasoline, without subsidies. But it's not having any effect on climate change. It seems the global climate runs on its own largely unexplained clock, and nothing we do affects it much. Electric cars have become the vehicle of choice for two reasons; cheaper, more efficient batteries, and charging convenience. Now that the vast majority of electric power comes from renewable sources, it makes sense to put the ...

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Politics cannot save coal in the future
Posted: 22 May 2017 1 Comment

Whether you believe in climate change or not, it's abundantly apparent that coal as a primary energy source has a limited future. Globally, it will still take many years for alternative technologies to supplant coal, but as we can see happening in the United States, the economics of cleaner alternatives will make coal-fired power simply obsolete. In 2017 alone, 8 coal power stations have ...

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In 2017 alone, enough US coal-fired plants have announced closures to power all of Qatar
22 May 2017
Trump's coal magic has worked—but not in the way his voters had hoped.
MindBullet logo COAL HITS US$10 PER TON AS SOLAR POWER SHINES
Nano solar films bring cheap energy to sunshine states
Dateline: 5 May 2018
It's hard to believe that a mere decade ago fossil fuels were at a premium, and everyone talked of 'peak oil' and the high prices of natural gas and coal. ...
Chemical energy on demand
Posted: 22 May 2017

Here's another energy invention that promises to change the game. Australian researchers have built a reference model of a chemical loop energy system which essentially uses natural gas or electricity to 'charge' chemical particles in a reactor vessel. When that mixture is allowed to oxidise it releases heat, which can drive a turbine and heat water. They are not saying what chemicals they ...

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The revolutionary redox system that produces and stores energy in the home
22 May 2017
Imagine having a fridge-sized box in your home that generates and stores electricity, heats and cools the house, provides hot water and churns out oxygen ...
MindBullet logo SUMMER'S SUN WILL KEEP YOU WARM IN WINTER
New energy storage system saves summer's heat for winter's chill
Dateline: 25 January 2021
We humans like our comforts, and temperature is one of the most important. In summer, we want our homes and offices to be pleasantly cool, and warm and ...

ONE BELT FOR A NEW WORLD ORDER

Published on: 18 May 2017

China leads the push for Globalization 2.0

Dateline: 4 July 2035

It's taken two decades, but the demise of the United States as top nation was predicted way back in 2015. Now China is firmly #1 in economic terms, and the west looks decidedly lower-middle class. The global power shift to the east has been driven partly by demographics, but also by China's determination to expand its sphere of economic influence, and to co-opt key nations en route. Central to this ambition was the 'One Belt, One Road' initiative, which links up dozens of nodes from Guangzhou to ...

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SpaceX heads for cyberspace
Posted: 5 May 2017

Will thousands of internet satellites plug the digital divide in under-served areas, or will fibre and terrestrial wireless make the satellites too slow, and obsolete by the time they've launched? It's a gamble, but I think Elon Musk has a good idea - a mesh network of satellites close enough to earth to keep response times quick and cover huge areas currently not connected. It could be a ...

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SpaceX will start launching more than 4,000 broadband internet satellites in 2019
5 May 2017
Potentially ideal for people currently residing in rural areas of the world, SpaceX is moving forward with launching a mesh network of satellites that will ...
MindBullet logo DIGITAL DROUGHT DISAPPEARS
Upstart satellite operator creates bandwidth flood
Dateline: 15 May 2011
The Google-funded satellite communications company O3b has transformed the cost of internet access in all those hard-to-reach places, by launching dozens ...
Can we forecast the future?
Posted: 1 May 2017

We have never believed in forecasting or predicting. The speed and nature of the change around the world, affecting everyone and all industries, suggests that all one can do is understand the forces shaping our future and develop an intuitive feel for the options and opportunities that these may create. And then ensure that one's business is capable, in every way, to respond fast and with ...

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We're moving fast. But nobody knows where we're going
1 May 2017
The telegraph, the internet, and the smartphone reshaped the world for every generation that witnessed them. What if similar inventions show up twice a ...
MindBullet logo 2010-2020: A DECADE OF STEP-CHANGE THINKING
A review of the past decade’s most important trends – PART 2
Dateline: 1 January 2020
Boeing Buys Bombardier as Air Travel Goes SmallBoeing last month outlined their view of the future: pilotless small planes that can land at any local ...
Fusion energy UK
Posted: 28 April 2017 1 Comment

A private company has turned on their latest attempt at delivering nett energy from a fusion reactor, in the UK:

Speaking after the ST40 reactor was officially turned on and achieved “first plasma”, Tokamak Energy chief executive Dr David Kingham said: “Today is an important day for fusion energy development in the UK, and the world.
“We are unveiling the first world-class controlled fusion ...

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UK reactor takes first steps towards fusion - News for the Oil and Gas Sector
28 April 2017
Britain’s newest fusion reactor has been fired up and taken the UK one step further towards generating electricity from the power of the stars. The heart ...
MindBullet logo FUSION'S FATAL FAILURE
Power from nuclear fusion is forever beyond our grasp
Dateline: 12 May 2026
The greatest nuclear fusion experiment, ITER, has been mothballed barely a year after being switched on. "It's unlikely we'll ever achieve ignition," said ...
Creating a new liberated Internet
Posted: 28 April 2017

The Internet has liberated us, democratising information and changing the way we live, learn, socialise and do business. But in exchange we have effectively given away what could be the most valuable commodity in the world - our data. This quote from Yuvan Harari, author of Homo Deus, sums it up perfectly:
'In the twenty-first century, our personal data is probably the most valuable resource ...

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Blockchain Technology Has The Power to Let Us Build An Entirely New Internet
28 April 2017
Blockchain has the potential of revolutionizing the internet. Decentralizing information will lead to greater transparency.
MindBullet logo THE NEW GOLD OF THE 21st CENTURY
Data drives massive profits for the new corporate titans
Dateline: 23 October 2026
It's certainly not oil, it's not even water. The new 'gold' of the 21st century is data. And a range of corporate giants are using it to drive massive ...

WATER IS NO LONGER THE NEW OIL

Published on: 27 April 2017

Water in plentiful supply as 'Star Wars' tech makes it out of fresh air

Dateline: 24 April 2020

The first Star Wars movie featured Vaporators on the planet Tatooine for water farming from the atmosphere. Now they are available on Earth, although they look slightly different in real life. It's been known for many decades that condensing water vapor from the air holds the key to water supplies in arid, inland areas; but getting that water from dry rather than humid air was the challenge. By the same token, desalination has offered a solution for coastal cities, but only at substantial energy ...

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Solar fuel and clean air
Posted: 26 April 2017

Solar power works, but it's not very efficient, mainly because it only uses a small part of the sun's light spectrum, mainly UV. What if we could make a photo-reactor that used visible light to generate chemicals? That's what a chemistry professor in Florida has developed. A metal organic framework (MOF) that uses blue light to convert CO2 into usable carbon-based fuels. The idea is to ...

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Scientist invents way to trigger artificial photosynthesis to clean air
26 April 2017
A chemistry professor in Florida has just found a way to trigger the process of photosynthesis in a synthetic material, turning greenhouse gases into clean ...
MindBullet logo CATALYZER CAPTURES CARBON
New process integrates solar power into the hydrocarbon economy
Dateline: 26 February 2026
A new process for capturing carbon dioxide from the atmosphere and turning it into usable liquid fuel has been commercialized and scaled up. Originally ...

THE NEW GOLD OF THE 21st CENTURY

Published on: 21 April 2017 1 Comment

Data drives massive profits for the new corporate titans

Dateline: 23 October 2026

It's certainly not oil, it's not even water. The new 'gold' of the 21st century is data. And a range of corporate giants are using it to drive massive profits. Yuval Noah Harari, author of the 2016 book 'Homo Deus: A Brief History of Tomorrow', was right on the mark when he wrote: "One of the most important questions in the world is who owns the data of humankind. Maybe the most important asset of the 21st Century is not land, and it's not money, it's really data." At the turn of the century, ...

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Universal basic income inevitable?
Posted: 18 April 2017

As automation, fueled by AI, IoT etc grows the world will need to think very differently about business models, success criteria, capitalism as we know it and many more significant consequences of a new world of work, manufacturing, employment and human relevance.

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Elon Musk: Automation Will Force Governments to Introduce Universal Basic Income
18 April 2017
Elon Musk believes artificial intelligence that is much smarter than the smartest human on Earth could result in dangerous situations. Musk argues that ...
MindBullet logo TECHNOLOGICAL UNEMPLOYMENT MEANS NO WORK BUT BASIC PAY
Redundant workers cashing in on robot jobs
Dateline: 3 February 2024
Up until now, we have managed to survive recessions and every economic slump, but experts believe we are finally reaching a plateau, as the majority of ...
Bionic leaf grows better plants
Posted: 5 April 2017

"Like their natural counterparts, artificial leaves take in sunlight to generate fuel. In the case of the latter, that solar energy is used to break water down into hydrogen and oxygen, and that in turn has been used to create liquid fuels and electricity. Now, a Harvard team has added a new function to their repertoire, turning artificial leaves into low-cost, portable fertilizer factories."

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Bionic leaf turns sunlight and bacteria into fertilizer factories
5 April 2017
Already used to break water down into hydrogen and oxygen, and in turn create liquid fuels and electricity, artificial leaves now have another string to ...
MindBullet logo SCIENCE CLONES NATURE FOR 'FREE' ENERGY PLAN
Nano-machines do photosynthesis better than leaves
Dateline: 12 June 2030
What started as a bold project at Imperial College London in 2009, has now reached its first stage of commercialization in the deserts of north ...

Filtered by tag: Economics