MindBullets is a part of the global FutureWorld Network, constantly sensitive to changes in the technological, economic, social, political and business landscape. The MindBullets Contributors scan this rapidly changing environment for clues about possible future trends. The results of this synthesis are combined by our contributors into an on-going series of MindBullets: News from the Future - with a summary emailed to you every Thursday and the complete MindBullets data base available online to explore each scenario in more detail. Exciting scenarios of alternative futures based on breakthrough thinking today. A powerful tool to help you learn from the future - a new MindBullet every week!

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Filtered by tag: Banking

BITCOIN FINDS ITS BASE

Published on: 16 May 2019

It's looking a lot like gold

Dateline: 15 June 2021

We all remember the great Bitcoin crash of 2018, and the volatility that followed, but now it seems that the cryptocurrency is finding its niche, with investors at least. Bitcoin has been to the peak of inflated expectations, and through the troughs of disillusion and despair; the hype is finally (almost) over, and it's emerging onto the plateau of acceptance. As the poster child of blockchain tokens of value, Bitcoin has weathered the storm of extreme volatility better than most of the junkcoins ...

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THE GREAT BITCOIN HEIST OF 2027

Published on: 6 September 2018 1 Comment

Quantum hackers make off with billions

Dateline: 14 September 2027

The global crypto community is in an uproar this morning. Overnight a group of hackers, who go by the name of "Gotya," managed to hack into the main Bitcoin blockchain, making off with billions of dollars' worth of cryptocurrency in the process. Gotya appears to have used advanced quantum computing power to break into the blockchain network using what is known as a 'routing attack'. In essence, the hackers managed to temporarily fork the core Bitcoin (BTC) blockchain in order to double-spend coins ...

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THE FREE REPUBLIC OF LIBERLAND GETS UNITED NATIONS SEAT

Published on: 9 August 2018

Not-so-small-anymore micro nation sets precedent for other tiny tax havens

Dateline: 16 July 2030

The Free Republic of Liberland has grown from an eccentric community of radical libertarians into a diplomatic force to be reckoned with, in the 15 short years since it was founded. The small sovereign state, which occupies a seven square kilometre area of disputed territory between Croatia and Serbia on the west bank of the Danube river, now boasts almost five million citizens. Many of Liberland's citizens are Bitcoin billionaires and millionaires who have use their citizenship to hide their ...

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FINTECH FALLS OUT OF FAVOUR

Published on: 28 June 2018

Tech is no longer regarded as a sector

Dateline: 23 June 2031

FinTech, MarTech, InsurTech, LegTech, AgTech, EnerTech - they're all dead. A decade ago, news feeds and timelines were swamped with the latest entrant into one of these sub-sectors. Thousands of startups proudly adopted an 'xTech' descriptor, as they tried to carve a superniche for themselves from the digital supercycle. But the fever of digital transformation of business has cooled; the era of digitalization of industry is all but over. The fact is, any business enterprise that has not incorporated ...

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CHINA GOBBLES UP EUROPE

Published on: 7 June 2018 1 Comment

EU shareholders are selling out - to China

Dateline: 23 April 2023

If you want to exit from a large, EU-based, multinational concern, just sell it to the Chinese. They're buying. Everything. In the last five years, Chinese acquisitions and investments in Europe have tripled, compared to the previous decade. China's 'economic imperialism' in Africa and Latin America is widely recognized and well documented, but its forays into Europe have been more stealthy. Published details of deals to acquire or invest in power and logistics, property and football clubs, are ...

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DISRUPTION DÉJÀ VU

Published on: 24 May 2018

We've seen it all before, but this time it's different

Dateline: 6 June 2020

It's just like 20, or maybe 200 years ago, but it's completely different! Disruption has always plagued established markets and societies, throughout the ages. The first waterwheel or windmill for grinding wheat into flour was disruptive technology at work; nascent and naïve, but a foretaste of things to come, in a tumultuous tsunami of ever accelerating change. Steam power and traction engines, threshing machines and cotton gins; it seemed as though there was no end to our ability to employ ...

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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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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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EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE

Published on: 16 February 2017 3 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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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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BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES

Published on: 28 July 2016 9 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 ...

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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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UBER HAS BEEN UBERED

Published on: 7 April 2016 6 Comments

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 and didn't control, yet created an eco-system that provided a platform for viral growth; a truly exponential organization. Now it's been ubered by a crowd-sourced, crowd-funded and crowd-managed system for ride-sharing and joint car ownership. Called Arcade City, it's an Uber-like app-based platform for riders and drivers - but it's owned by the ...

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BANKCHAIN FUELS THE VALUEWEB

Published on: 3 March 2016 3 Comments

The new digital network of business has a universal currency at last

Dateline: 9 March 2024

They've been around for hundreds of years, and they weren't just going to give up the ghost and disappear. Yes, I'm talking about the banks. A decade ago, 'bank' was a four-letter word in more ways than one, and everyone was predicting their demise in the face of the FinTech revolution. Finance was being overtaken by technology, and pundits asked: "When will the banks be Ubered?" But the banks fought back, usurping Bitcoin and the blockchain with a better, more scalable and widely acceptable ...

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THINGS HOLD HUMANS TO RANSOM

Published on: 13 August 2015 6 Comments

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 1000 times more 'things' connected to the internet than humans, and that was going to be great for business. Well, the 'Internet of Things' is truly here. Almost every physical object has some sort of digital content embedded in it. Some are passive pea-brained objects (such as a can of Coke or a bottle of ketchup), others (such as watches and home ...

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THE SECRET LIFE OF PAPER

Published on: 30 April 2015

Still here to haunt and help us

Dateline: 25 April 2025

Decades ago, we used to joke that the paperless office would arrive about the same time as the paperless toilet. And to be sure, we're still using paper centuries after it was invented in ancient China. For hundreds of years, paper has been used to communicate, to record information, to store it for the future, and to convey secrets. Paper was the earliest conveniently portable technology to become information-enabled, and one of the most versatile. Right from the start, paper was used for secure ...

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THE NEW COLD WAR INTENSIFIES

Published on: 11 December 2014

Business in the firing line as governments spar

Dateline: 2 April 2015

Forget about McDonald's trying to outperform KFC or Coca-Cola aiming to increase sales over Pepsi. Those were the days, my friend! Lately, businesses are primarily competing against governments' geopolitical agendas - and then against each other. Let's refer to the best case in point: Russia. Following the Crimean crisis, the 2014 sanctions against Russia and Donetsk have been ratcheted up, but Russia has decided that the party is not nearly merry enough yet. After banning several G20 nations ...

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NO ONE UNDERSTANDS ME LIKE U

Published on: 30 October 2014 1 Comment

The new connection platform that makes the business of living a pleasure

Dateline: 30 October 2024

I've got a new friend, a virtual friend. A friend that really gets me, and my daily routine. A friend that takes care of all my needs, from keeping the fridge full to paying the rent on time. From billing my fees to investing my savings. Ten years ago we called it a bank. Now it's just "U". U for understanding, U for unlimited, U for unbridled enthusiasm. U for universal. U for uber-everything. That's all I need to keep my world functioning smoothly. I admit I'm in love with U. I'd be lost without ...

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IT'S CHAOTIC AND WE LOVE IT

Published on: 31 July 2014

Digital darwininsm provides innovation opportunities for the bold and nimble

Dateline: 7 July 2024

"Let's go and get us some Randomness today!" That's the corporate battle cry of the new breed of innovators, business mavericks who are not fazed by the complexity or turbulence of the post digital age. "It's crazy out there; isn't it fantastic?" Life, and business, beyond 2020 is chaotic. Digital technology has disrupted every industry in every part of the globe. From robotic mining in Australia, to 3D-printed houses in China, to artificial intelligence accounting in America, precision agriculture ...

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WE'VE BEEN UBERED

Published on: 19 June 2014 17 Comments

Barclays Plc to close retail bank in the face of persistent decline and customer flight

Dateline: 11 June 2019

It was just five years ago that Uber upset the applecart in London's taxicab industry. Unable to compete with the smart app and its ride-sharing, car supplying service, the traditional black cabs that were so much a feature of London city life simply faded away. As one enthusiast remarked: "Who needs 'The Knowledge' when you've got Google Maps and great service?" Now other industries have been caught napping by upstarts who broke all the rules. The latest is banking, and dinosaurs like Barclays are ...

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Filtered by tag: Banking