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: FinServices

CAPITALISM IS DEAD

Published on: 18 July 2019 1 Comment

Long live postcapitalism!

Dateline: 27 September 2031

Capitalism has run its course and expired. Now we live in the age of postcapitalism, a technology enabled society where work is disconnected from wages, and profit is tempered by purpose. Some people call it 'technotopia' or 'luxury communism'. We call it the 2030s. We've been told for decades that capitalism was doomed, that it was the architect of its own destruction, and to a certain extent that was true; but the experiments known as communism and central planning were abject failures. Without ...

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TRUST ME, I’M AN AI

Published on: 6 June 2019

Smart software is so convincingly smart, we trust it more than people

Dateline: 3 June 2022

"Trust me, I'm a doctor!" is an old cliché, that we've all learned to take with a pinch of salt, but now there's a new benchmark for trust. How often, when a friend or colleague spouts a factoid or news bite, do you check it out on Google for accuracy? And when driving to a new destination, or trying to beat traffic, you rely on your smart device - car or phone - for navigation, don't you? You'd never ask a stranger for advice. All these things are driven by artificial intelligence, and we've come ...

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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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HOLOGRAM INHERITS BILLIONS

Published on: 7 February 2019

Tycoon's family in feud with his avatar wife's lawyers

Dateline: 1 February 2034

Dr Akihiro Miaku the famous Japanese tycoon who died earlier this year under mysterious circumstances (rumoured poisoning) is back in the headlines, after his will was leaked to the press by a disgruntled, anonymous, family member. Dr Miaku, who had significant business interests in the Japanese renewable energy sector, was revealed to have left his entire 3 billion Yen (27.5 million USD) fortune to his wife - a hologram nicknamed Suzi. The eccentric billionaire married his hologram wife 11 ...

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WHOSE BUSINESS IS IT ANYWAY?

Published on: 31 January 2019

Customers dictate the course of business

Dateline: 1 February 2023

Change is inevitable, but many businesses don't like or want change. Not when they're on top, and milking the cash cow; if it's not broke, don't try to fix it! But just because you're making super profits, and your customers adore you, doesn't mean it's going to be that way forever, even if you're Apple or Coca-Cola. Just ask Kodak. Shareholders and employees like to think it's 'their' business, but it's not much fun running or owning a business with no customers; a bit like a morgue, except that ...

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ONE APP TO RULE THEM ALL

Published on: 17 January 2019 1 Comment

Digital swamp monsters are taking control of our lives, and we are happy to let them

Dateline: 2 January 2022

We've just begun a new year in the early 'twenties, and looking back with perfect hindsight over the past 20 years, we might be shocked at how deeply digital transformation has changed our businesses, and our lives. It's no longer about the 4th Industrial Revolution, it's the fourth age of humanity, of society, of the world - we've become Digital Humans. It's all very well to blame it on smartphones, even though, back in 2002, all we had were BlackBerrys and Nokia Communicators - remember them? In ...

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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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IT'S NOT ROCKET SCIENCE

Published on: 16 August 2018 1 Comment

Your children will need more than just technical skills

Dateline: 26 June 2027

We've reached the age of skilled machines, a new age of enlightenment, where automated systems are often smarter than most people. Not because they are more inventive, but because they can think faster, and sift through masses of data, coming to conclusions more rapidly than humans. How do you prepare your children to live and thrive in this technologically dominated environment? Not by teaching them math and coding - those are just basic life skills! No, to rise above the average, kids today need ...

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CHINA STEPS INTO THE BREACH

Published on: 2 August 2018

Together with India, they make a formidable pair

Dateline: 8 August 2020

The vacuum left by America's leadership crisis has been filled, but not by Europe. Power has shifted to the east, and now China is stepping up to the plate in a big way. In a world where western free market ideology has become tarnished and mean, China's economic imperialism is eagerly welcomed. Make no mistake, Russia still has command of massive resources, but its technology seems rooted in the industrial age; an economic minnow, left stranded by the tsunami of digital tech sweeping the ...

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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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RISE OF THE NOT SO EMPTY NEST

Published on: 31 May 2018

Young would-be homebuyers forced to move back in with mom and dad

Dateline: 5 April 2021

It's the moment almost all parents wait for - graduation cap in hand, the chicks finally leave the nest. Spread your wings and fly little birdies, mom and dad think to themselves. It's just a pity that lately the peace and quiet doesn't seem to last long. Initially it looked like a blip that would pass, but multigenerational households are here to stay, at least for the near future. In fact, one in four Americans now have such a setup at home. Global property prices have ballooned and many a ...

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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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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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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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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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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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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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Filtered by tag: FinServices