Filtered by tag: FinServices

ALICENT IS THE NEW DIGITAL CURRENCY

Published on: 3 May 2018

Bitcoin faces irrelevance as network based digital cash takes over

Dateline: 1 May 2026

When Bitcoin reached its all-time high, it operated on a network with only a few million subscribers, and faced a multitude of copycat coins and tokens that had the potential to supersede it. What it really needed was global critical mass. The opportunity was there for a truly massive network to launch its own blockchain currency, or take on the open source system already in the wild. At the same time, cryptocurrencies needed a technology fix; something to make them more user friendly, trusted and ...

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Beyond borders, and the nation state
Posted: 24 April 2018

From the Guardian, a long read:
"On the eve of its centenary, our nation-state system is already in a crisis from which it does not currently possess the capacity to extricate itself. It is time to think how that capacity might be built. We do not yet know what it will look like. But we have learned a lot from the economic and technological phases of globalisation, and we now possess the basic ...

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The demise of the nation state
24 April 2018
The long read: After decades of globalisation, our political system has become obsolete – and spasms of resurgent nationalism are a sign of its ...
MindBullet logo BORDERS CRUMBLE, COUNTRIES MERGE AND SPLIT
Migration is the new normal as ultra-mobility ramps up
Dateline: 28 October 2023
In the face of a constant flood of political and economic refugees, as well as 'citizens of the world,' geographic borders are becoming an increasingly ...

WHERE HAVE ALL THE DEALERS GONE?

Published on: 5 April 2018

Who killed the retail auto showroom?

Dateline: 7 April 2022

Buying a new car is often the second most important financial decision we make, after buying or building a home. It's a rite of passage for many middle class adults; it shows you have arrived, you've achieved a life-stage milestone. It's not a decision taken lightly, or driven by impulse. You've had a feeling for some time, that you might be getting close, so you've been checking out your options. Which models make for a sweet ride, and fit with your self-image? If you're at all interested in cars ...

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The mobile phone turns 45
Posted: 3 April 2018

Yes, indeed, the mobile phone is middle aged. Many people think the first mobile phone was launched in the late 1980s, but that was the first GSM cellular phone, using digital technology. The first mobile, analogue phone was invented by Martin Cooper at Motorola in 1973. Now the smartphone has become the basic standard for billions of people worldwide. You've come a long way, baby!

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Happy 45th birthday mobile phone: 10 key milestones in its history | Gadgets Now
3 April 2018
The first mobile phone call was made today 45 years ago
MindBullet logo THE NOTEBOOK PC IS DEAD - LONG LIVE THE SMARTPHONE
Mobile phones become the new portable computer
Dateline: 5 June 2011
Have you noticed how no-one buys a new laptop these days? Just like VCRs and PDAs, the laptop is so last century. Some say that the iPhone was the ...
Bitcoin getting the boot from Google
Posted: 14 March 2018

Online advertising is being self-regulated, probably to avoid it being regulated by government. Google sees to be taking the step to prevent risky (ad)ventures like spread betting, and is including cryptocurrencies and forex trading in that group.

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Google is banning all bitcoin, ICO, and cryptocurrency ads from June
14 March 2018
Google plans to ban all cryptocurrencies and binary options adverts, and is cracking down on ads for other speculative financial instruments.
MindBullet logo THE BITCOIN BUBBLE BURSTS
Controversial digital currency collapses as clones saturate the market
Dateline: 15 March 2015
In essence, Bitcoins are digital artifacts created by using computers to solve complex mathematical formulae, essentially cracking a code. The reward one ...
Quantum supremacy coming soon
Posted: 7 March 2018

Once quantum computers operate with sufficiently low error rates, they should be able to tackle traditional computing tasks exponentially faster than super computers, making quantum computers the 'supreme' solution.

When that happens, existing crypto could be vulnerable to instant cracking, which could spell the end for cryptocurrencies that require heavy mining. ...

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Google Unveils 72-Qubit Quantum Computer With Low Error Rates
7 March 2018
Google unveiled that it's working on a 72-qubit quantum computer with error rates below 1%, which is what the company said it's required to have minimally ...
MindBullet logo [QUANTUM VALUE] NEW YEAR
This year will be both happy and unhappy - at the same time, in the same place
Dateline: 1 January 2019
Alphabet's announcement last week that its quantum computer breakthrough is both real and commercially practical is going to make a lot of people happy, ...

NO LAWYERS REQUIRED

Published on: 8 February 2018

Smart contracts threaten legal industry

Dateline: 23 January 2020

Now that the open source blockchain known as Hyperledger Sawtooth has gone commercial, there's no need for lawyers and attorneys to draw up legal agreements and contracts. Your PA or AI assistant can do it for you, online and for free. Hyperledger is a platform which can run your customized Smart Contract app. Once installed, a smart contract automatically performs routine tasks, like paying the rent, and validating that it's been received. Using technology similar to bitcoin, the smart contract ...

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MindBullet logo OPEN SESAME TO THE GOOD LIFE
China's new social credit score for citizens starts paying dividends
Dateline: 15 April 2021
Yesterday was a good day for Mei-Hua Li. Her offer on her dream apartment was accepted, her internet speed got bumped up three notches (for free) and she was offered a paid internship in the Chinese president's office. Sure sounds like she hit the trifecta! Li has clearly mastered the gamified social security system that is Sesame Credit. She has stopped buying non-Chinese products and ...
Has the bubble burst?
Posted: 6 February 2018

In 2013 we speculated that, ultimately, bitcoin would collapse due to the large number of alternative or clone coins saturating the market. We still believe that blockchain technology is disruptive, and will change the way fintech and contracts work, but the essential problem with bitcoin is it's based on scarcity, and in the digital world there's massive abundance, of everything. Digital ...

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MindBullet logo THE BITCOIN BUBBLE BURSTS
Controversial digital currency collapses as clones saturate the market
Dateline: 15 March 2015
In essence, Bitcoins are digital artifacts created by using computers to solve complex mathematical formulae, essentially cracking a code. The reward one receives is itself an encrypted code, which can be transferred to others, hence the term 'crypto currency'. Inspired by Bitcoin, Primecoin's protocol searches for chains of prime numbers. Digital currencies like Primecoin and Bitcoin have ...

CONTROLLING THE DIGITAL ECONOMY

Published on: 1 February 2018

Government tries to follow the money

Dateline: 1 February 2021

Now that the bulk of the so-called 'capitalist political economy' operates on digital platforms and through digital channels, it's inevitable that government wants more influence and control. But will it work? In the aftermath of the dotcom boom, everybody wanted more access and better networks, and it wasn't long before broadband came to be regarded as a basic human right. Wireless networks and smartphones connected everyone else, and suddenly the whole world was on the 'net! Sure, some ...

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EARLY START TO THE NEW YEAR

Published on: 28 December 2017

Ringing in the changes ahead of schedule

Dateline: 29 December 2020

There's something significant about 1/1/21. Maybe it's just the symmetry of the numbers that has got everyone excited; remember Y2K, and all that fuss over nothing? Well, now that this millennium is turning 21, there's another hullabaloo. Like we're all suddenly adults. Whatever the reasons, all over north America people are planning a double New Year's party, and both 31 December and 1 January are public holidays. They'll be saying a nostalgic farewell to 2020, a year that promised and brought so ...

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IT'S NOT JUST BUSINESS, IT'S PERSONAL

Published on: 23 November 2017

Business that isn't personal doesn't survive the future

Dateline: 24 November 2020

There's a strange problem with stock exchange investing - the primary, and often only, motive is to make money. But we all know that the best businesses, those that flourish, survive the bad times, and outperform the rest in the good times, are businesses that have a real sense of purpose; that resonate with their customers and community. When Steve Jobs started Apple, it wasn't to seek corporate profits and become a billionaire. No, he wanted to change the world. The profits and riches were a ...

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Banking buzz in a bar...really? Yes!
Posted: 29 October 2017

Monzo, startup UK bank with 500,000 users, seems to be creating a buzz in a way no other bank has ever done! Whats different you might ask? Well not much except openness, transparency and asking its community to participate in setting key business decisions! Rocket science it's not but unusual for business leaders ...absolutely!

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The bank that's apparently so cool it has become a chat up line in London's bars
29 October 2017
Monzo has attracted something of a cult following in the British capital.
MindBullet logo FAREWELL BANKS, HELLO BANKING
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 ...
MasterCard embraces blockchain
Posted: 26 October 2017

Could this be the start of a new way of making payments, at least between businesses? MasterCard is possibly disrupting itself, before someone else does!

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MasterCard announces that payments can now be made on blockchain
26 October 2017
Blockchain just got a whole lot more accessible.
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 ...
Blockchain businesses
Posted: 26 September 2017

We published this MindBullet more than two years ago about autonomous businesses on the blockchain. Now they're getting airtime as DAO or decentralised autonomous organisations. I prefer the name 'blockchain businesses', better than an acronym and more descriptive. Were we ahead of the game? Read the attached news link by Chris Skinner and decide for yourself!

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What is a Decentralised Autonomous Organisation?
26 September 2017
I was asked to explain what I meant by haven’t central bankers realised that democratised trust is in the technologies and code? when I blogged about the ...
MindBullet logo BLOCKCHAIN BUSINESSES THAT RUN THEMSELVES GO VIRAL
The rise of the distributed autonomous company has disrupted markets and nations
Dateline: 17 February 2027
CarCoin has ubered Uber. AppCoin has upstaged Apple. And Africoin has made African countries irrelevant; fiscally and economically at least. Based on the ...
India's PostBank bring high-tech to rural areas
Posted: 23 September 2017

Modern day Postmen...armed with micro ATMS, pedal (literally) hight tech solutions to rural areas across India.

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Your postman may soon become the point of contact for all your financial work. Read how
23 September 2017
India Post is targeting a dozen key bill payments, like school fees and utility bills, for those who arent familiar with operating an app on their own.
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 ...
Artificially intelligent art
Posted: 7 July 2017

Paintings created by an AI system have received the thumbs up from the public.

"The idea is to make art that is “novel, but not too novel”, says Marian Mazzone, an art historian at the College of Charleston in South Carolina, who worked on the system.

Mazzone and her colleagues at Rutgers University in New Jersey and Facebook’s AI lab in California modified what’s known as a generative ...

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Artificially intelligent painters invent new styles of art
7 July 2017
Big stylistic shifts in art usually come from genius painters like Picasso – but an AI is being trained to create unconventional pictures of its own
MindBullet logo COGNITIVE SYSTEMS RULE, OK
Machines that think for themselves are taking over the world
Dateline: 22 February 2022
In our quest to develop smarter, more powerful, less power-hungry computers and devices, we have created artificial intelligence that rivals that of the ...
Free cross-border payments with blockchain
Posted: 21 June 2017

Circle is now a payments company that doesn’t make money from payments. Using blockchain technology, Circle has launched a fee-free ethereum-powered cross-border person-to-person payments capability.

That sounds like a mouthful, and it is, but it's exactly the sort of development that we 'predicted' in our MindBullet from last year! When will banks wise up? ...

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Circle Launched Free Cross-Border Payments on Blockchain — When Will FIs Follow?
21 June 2017
Person-to-person payments have gained traction among banks and other financial institutions recently. Many of the incumbents, like Bank of America, Wells ...
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 ...

FAREWELL BANKS, HELLO BANKING

Published on: 15 June 2017 1 Comment

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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Hacking the grid
Posted: 13 June 2017

We have published a number of MindBullets over the years, that examine the potential for cyber criminals or hackers to damage or destroy physical infrastructure, like the power grid. It seems the Russians or someone may have tested this capability against the Ukraine last year, with powerful malware known as 'Crash override' or 'Industroyer'. Remember Stuxnet? This is a lot scarier!

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Meet Industroyer - malware that can bring down a city's power grid - htxt.africa
13 June 2017
Researchers at ESET believe that Industroyer may have been responsible for shutting down power in the Ukraine last year.
MindBullet logo FREE APP, DOWNLOAD NOW: COMMERCIAL DESTRUCTION
It's the most dangerous malware ever developed, and it's available free to anyone
Dateline: 2 January 2013
During 2011 the Stuxnet worm targeted Iran's Natanz nuclear facility, specifically the Siemens components in it, and several other key industrial ...

Filtered by tag: FinServices