NEWS, COMMENTARY, DEBATE AND ACCESS TO FUTUREWORLD'S COMPLETE KNOWLEDGE BASE
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.
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.
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.
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!
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/ ...
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 ...
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 ?
In a blow for the aspirations of citizens of England and Wales, the island nation's hopes of joining the EEU (Extended EU) have once again been crushed.
"It's a tragedy. Why can't the Scottish recognize that we have changed. The old generation that hated membership and never understood its benefits have died out. We're the generation that were stripped of a future," says Denis Franks, International Secretary in the Liberal government.
"Nothing has changed," says Humphrey Dalfries, the Scottish ...
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.
I tried to learn and understand the difference between crypto coin and block chain digital payments Kindly can i get some clarity on this?RegardsAndrew ...
this certainly highlights the potentially fatal social flaw in capitalism. Left to its own devices, it will boil our entire existence down to a net value. If Adam Smith is to be believed, then the individual optimisation of this net value should mean the greatest public benefit. But not without social bounds. Inequality is the cancer of capitalism, and if not dealt with would mean its ...
People used to compare and evaluate national passports in terms of what they offered and how many doors such a document would open for them. Now it's not so much about countries competing against one another; instead megacities are trying to appeal to skilled workers by throwing numerous benefits into the mix.
The first signs of this revolution appeared in 2019 when, after Brexit, trade and financial services in London were allowed to attract foreign workers to their industries in exchange for ...
Last week's unfortunate multiple vehicle collision was unique in several respects. Not only was it the first time the OTTO beer truck was involved in a major collision, it was also the first 'test' of the Survivability Option System (SOS).
Put simply, SOS allows participating entities, when alerted to an impending collision, to bid in real time to increase their survivability. Naturally this all happens in nano-seconds, so it's driven by algorithmic parameters, not human thought processes.
This is ...
At the beginning of the year we published this MindBullet about having a social credit rating in China, which could unlock privileges. But China also seeks to impose penalties for those who don't perform well on its big data score. Is this grand social engineering, and the very opposite of an open democratic society?
How do you steal someone else's deep learning algorithm that has been built up from thousands, perhaps millions of data inputs? Apparently all you need to do is build a machine learning system that quizzes the target AI often enough and voila! you can replicate it.
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.
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?
A while ago we published this MindBullet about cognitive systems, computers that think, and behave, like people do. Now IBM has advanced the progress towards these systems with the first artificial neurons that operate like those in our brains.
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 ...
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!