This document discusses how blockchain technology can help globalize the approximately 5 billion people who currently lack access to formal financial and economic systems. It argues that blockchain, combined with the widespread adoption of mobile phones, presents an opportunity to connect these unbanked individuals by allowing them to formally record ownership of assets on distributed ledgers. This could enable them to leverage their holdings to engage in entrepreneurship, access credit, and participate more fully in their local economies and civic processes. By bringing previously informal assets onto legal, formal ledgers, blockchain may help reduce global problems like terrorism that arise when large populations feel alienated from the rule of law.
UNIBEN Investment Conference 2019, Benin City NigeriaChimezie Chuta
The Investment Conference 2019 was put together by Tunmise Olaoluwa, a 2nd year Student of UNIBEN. I shared thought with the students on Investment opportunities available in the Blockchain space.
Blockchain is changing the way we interact and trust each other, starting with our money. In this talk I present the potential of the technology and warn about some known pitfalls. I work with some analogies for an easier understanding of this complex new computational paradigm and play with the "status quo".
“Expectation vs Reality” by Chris Burniske, Placeholder | Fluidity 2019Fluidity
Presented by Chris Burniske, Partner at Placeholder VC, at Fluidity 2019.
Fluidity brings the worlds of finance and technology together to shape the future of blockchain and capital markets. On May 9, 2019, we welcomed companies and teams to help shape the narrative of rebuilding finance at the historic Williamsburgh Savings Bank in Brooklyn, New York.
Resources:
Website: https://fluiditysummit.com
Facebook: https://facebook.com/fluidityio/
Twitter: https://twitter.com/fluidityio
LinkedIn: https://linkedin.com/company/fluidityio/
YouTube: https://youtube.com/channel/UC0NBCYlgLIxjSljf7CV91nQ/
UNIBEN Investment Conference 2019, Benin City NigeriaChimezie Chuta
The Investment Conference 2019 was put together by Tunmise Olaoluwa, a 2nd year Student of UNIBEN. I shared thought with the students on Investment opportunities available in the Blockchain space.
Blockchain is changing the way we interact and trust each other, starting with our money. In this talk I present the potential of the technology and warn about some known pitfalls. I work with some analogies for an easier understanding of this complex new computational paradigm and play with the "status quo".
“Expectation vs Reality” by Chris Burniske, Placeholder | Fluidity 2019Fluidity
Presented by Chris Burniske, Partner at Placeholder VC, at Fluidity 2019.
Fluidity brings the worlds of finance and technology together to shape the future of blockchain and capital markets. On May 9, 2019, we welcomed companies and teams to help shape the narrative of rebuilding finance at the historic Williamsburgh Savings Bank in Brooklyn, New York.
Resources:
Website: https://fluiditysummit.com
Facebook: https://facebook.com/fluidityio/
Twitter: https://twitter.com/fluidityio
LinkedIn: https://linkedin.com/company/fluidityio/
YouTube: https://youtube.com/channel/UC0NBCYlgLIxjSljf7CV91nQ/
We want to create a global, stable and non-volatile digital currency in coexistence with other currencies.
It will EMPower the people to truly own their money and maintain their purchasing power through the use of open decentralized peer to peer digital currency platform (Blockchain).
Development will be non-profit, donation funded (no ICO), open-sourced to minimize conflict of interests and ensured that it is genuinely owned by the people.
Blockchain technology first emerged on the global stage around 10 years ago as a way to offer an alternative to the traditional banking apparatus. In the 10 years that blockchain technology has evolved constantly, it has also had a profound impact on almost all spheres of human activity.
Deck presented by Miguel Neumann, DXMarkets COO, at Digital Jersey, covering disintermediation and issuance of digital asset using distributed ledger technologies (blockchain).
Explore in whole about the real estate tokenization here and tokenize your property with us.
Know More >> https://www.securitytokenizer.io/real-estate-tokenization
Blockchain Technology & It’s Practical Applications Koh How Tze
“All of the big tech companies will come and say blockchain, blockchain, blockchain. I say, ‘Show me the use case. You bring me the use case and I'll try it,’” Catherine Bessant, Bank of America’s CTO.
"We’ve past the stage that blockchain can cure everything, so people are becoming more realistic about what’s good for their business model." ~ Frank Xiong, VP of Blockchain Product Development at Oracle
Welups -The World First Identity Blockchain PlatformWel Ecosystem
Welups is a global NFT platform for asset verification and encryption operated by Blockchain Technology and Digital ID. Welups Blockchain provides instantaneous asset encryption and digital banking services for investors and traders to buy, sell and invest directly through a digital wallet. Welups inherits the strength of Ethereum and Tron to form a new platform that is easier to integrate with different applications.
Future Tech: How should enterprise avoid the 'success trap' of the next big t...Livingstone Advisory
The rate of business and societal change fuelled by innovative, emerging and disruptive information technologies is well known, with impacts being felt in almost every facet of life. The forces driving the evolution and adoption of such technologies are complex, diverse and not always well understood. How can organisations predict the consequences of future tech? How should they fortify against the chaos of change while taking advantage of innovation?
This public lecture provides a concise perspective on the implications of emerging technologies and offers practical insights on how many enterprises and individuals survive, and also thrive, in a world of rapid technology-induced change.
Jan 31st 2019 presentation to the Seattle Risk Management Association. Overview of how blockchain impacts the world of financial services and where the key touchpoints are for backing. Removing double spend and the middleman.
We want to create a global, stable and non-volatile digital currency in coexistence with other currencies.
It will EMPower the people to truly own their money and maintain their purchasing power through the use of open decentralized peer to peer digital currency platform (Blockchain).
Development will be non-profit, donation funded (no ICO), open-sourced to minimize conflict of interests and ensured that it is genuinely owned by the people.
Blockchain technology first emerged on the global stage around 10 years ago as a way to offer an alternative to the traditional banking apparatus. In the 10 years that blockchain technology has evolved constantly, it has also had a profound impact on almost all spheres of human activity.
Deck presented by Miguel Neumann, DXMarkets COO, at Digital Jersey, covering disintermediation and issuance of digital asset using distributed ledger technologies (blockchain).
Explore in whole about the real estate tokenization here and tokenize your property with us.
Know More >> https://www.securitytokenizer.io/real-estate-tokenization
Blockchain Technology & It’s Practical Applications Koh How Tze
“All of the big tech companies will come and say blockchain, blockchain, blockchain. I say, ‘Show me the use case. You bring me the use case and I'll try it,’” Catherine Bessant, Bank of America’s CTO.
"We’ve past the stage that blockchain can cure everything, so people are becoming more realistic about what’s good for their business model." ~ Frank Xiong, VP of Blockchain Product Development at Oracle
Welups -The World First Identity Blockchain PlatformWel Ecosystem
Welups is a global NFT platform for asset verification and encryption operated by Blockchain Technology and Digital ID. Welups Blockchain provides instantaneous asset encryption and digital banking services for investors and traders to buy, sell and invest directly through a digital wallet. Welups inherits the strength of Ethereum and Tron to form a new platform that is easier to integrate with different applications.
Future Tech: How should enterprise avoid the 'success trap' of the next big t...Livingstone Advisory
The rate of business and societal change fuelled by innovative, emerging and disruptive information technologies is well known, with impacts being felt in almost every facet of life. The forces driving the evolution and adoption of such technologies are complex, diverse and not always well understood. How can organisations predict the consequences of future tech? How should they fortify against the chaos of change while taking advantage of innovation?
This public lecture provides a concise perspective on the implications of emerging technologies and offers practical insights on how many enterprises and individuals survive, and also thrive, in a world of rapid technology-induced change.
Jan 31st 2019 presentation to the Seattle Risk Management Association. Overview of how blockchain impacts the world of financial services and where the key touchpoints are for backing. Removing double spend and the middleman.
The future of cryptocurrency—some challenges
As we gaze into our crypto ball, let’s see what the future of cryptocurrency has in store for traders. With many experts estimating that the 2020 COVID-19 pandemic has hastened the decline of cash by almost five years, few are asking whether digital currencies will actually succeed (they have already). Instead, it’s a matter of when they’ll go mainstream. Nevertheless, there are some challenges ahead.
Perceptions
A significant generational divide exists when it comes to adoption rates of cryptocurrencies. Older generations are typically more sceptical of crypto’s long-term viability, expressing fears about volatile financial bubbles as well as uncertainty over how cryptocurrencies actually work.
Cryptocurrencies, Blockchain & Smart Contracts: The New Wave of DecentralizationRaffaele Mauro
"Exponential Talk" at Business Integration Partners
Milan, 18 November 2015
Discussion about Bitcoin, Blockchain, Cryptocurrencies, Smart Contracts and Financial Innovation
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Narratives in the cryptocurrency realm are the prevailing concepts, tales, or convictions that shape individuals' perceptions and evaluations of cryptocurrencies.
Cryptocurrency and Social Impact_ Can Digital Assets Help Create Positive Cha...DIPAKCHAUDHARI59
Cryptocurrencies have the potential to create positive social impact in a number of ways. In many parts of the world, financial exclusion is a major problem, with millions of people lacking access to traditional banking services. Cryptocurrencies could help address this issue by providing a low-cost, accessible alternative for people to store and transfer value. Here are a few ways in which digital assets can help create positive change:
Forging Self-Sovereign Identity in the Age of the Blockchain - Christopher Al...Christopher Allen
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Great starting point for understanding some of the more relevant benefits, features, and operation of Distributed Ledger Technology (blockchain) and its uses, particularly for federal government missions.
These are the slides from a presentation I gave at the Yorkshire Grantmakers Forum 25th Anniversary, looking at what the next 25 years might hold in terms of technological, social and political change.
Broken Money: Why Our Financial System Is Failing Us and How We Can Make It B...Lucky Gods
Broken piggy bank? Feeling squeezed by the system? It's not just you. Our financial world is full of cracks, leaving many of us struggling to build wealth and secure our future. Fear not, financial rebels! This book is your battle cry ✊ to understand the broken parts and fix the game!
Dive in and discover:
The secret history of money: From seashells to crypto, uncover the fascinating (and sometimes wacky) evolution of what we call "cash."
Why the system isn't working for you: Unmask the hidden forces behind inequality, debt traps, and economic instability. ⚖️
Empowering alternatives: Explore solutions to build a fairer, more sustainable financial future for everyone.
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Ignite your financial IQ: Become an informed citizen and empower yourself with knowledge
Join the revolution: Be part of the movement building a better financial system
This is your chance to ditch the financial handcuffs and break free! So crack open this book, grab your wallet (metaphorically, of course ), and let's get to work!
Naos Blockchain presents this report with the following objectives:
1. Describe the evolution of the crypto market and give a
comprehensive summary of the current market situation.
2. Provide detailed information regarding major factors
influencing the market. Drivers, restraints, opportunities,
and challenges.
3. Present the outlook as perceived by the NAOS Team.
This report was created at the beginning of 2019, therefore all data up to February 2019 is historical data, with the base
year for calculations being 2018.
Blockchain and Cryptoeconomic Policy IEEE Tencon 2018 Tutorial Oct. 28th, 2018Heung-No Lee
Abstract - Bitcoin is a peer-to-peer electronic cash transfer system without a bank in the middle. The e-cash can be sent to anyone in the internet as if it was an in-person transfer of money. To meet such an end, Bitcoin introduces a novel idea, blockchain. Blockchain maintains a group of “cryptographically chained” digital documents, a ledger. Cryptographic chain is required to record in an unforgeable way transactions such as coin transfers from one to the other. The ledger is published and left open in the internet. The open chained ledger makes electronic transfer of money possible over the internet without the authority in the middle. Since 2009 Bitcoin was introduced, it has made tremendous strides. Market value has been created, capitalization surpassing more than 20 Billion USD in 2017. Thousands of follow-up systems have been created. World Economic Forum has forecasted that 10% of global GDP will be stored in blockchains by 2025. In this tutorial, we aim to review Bitcoin and Ethereum for their program architectures and operations. Ethereum is believed to have made the e-cash system to the next level by inclusion of “smart contracts” in its function. Smart contracts enable formation of contractual relations between two or more parties and the terms specified in the contract are executed automatically when prescribed conditions are met. In this tutorial, we also aim to shed light on technical sides of blockchain technology such as privacy, security and autonomy which are sensitive to regulations and policies. Many initial coin offerings has been made amassing a large amount of crowd funding. While it is a revolutionary invention, blockchain and cryptocurrency systems are at its infancy stage. In order to foster continued healthy development, it is imperative for us to see the core of the technology and be able to evaluate the short and long term impacts of this technology based on scientific facts. This shall help us avoid any unwanted act of fear and road blocks to development. Regulations should be kept at its minimal. There are obvious ones: price manipulation practices and fraudulent investment operations should be prevented and punished heavily when caught. But more importance should be developing a policy to fostering researches, startups and funding to help uncover new opportunities. Blockchain can be useful in many future applications such as transfer of lands and houses, bank accounts to people in underdeveloped nations, and low cost maintenance of valuable records such as patents and copyrights. If some of them are indeed realizable, blockchain is sure to make the society clearer and more expectable. Protection of rights for underprivileged people can be improved; disputes and conflicts in the society lessened; transaction costs reduced and healthy interaction among people encouraged. Who knows that it shall lead us a step closer to the society of genuine trust!
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9. Frictional Quantum ™
• Management
• Level of Streamlining in the Peer-to-Peer
Setup
• Friction to Buy the Token
• Friction to Sell the Token
• Security Audit
• Network User Volume and Growth
• Competition Level
10. Impact of Decentralization
Does decentralization of data and program logic
have any impact?
What is the platform’s data storage
and availability?
Does it leverage a highly networked
blockchain infrastructure?
13. For 6000 years consensual exchange has relied on
centralized institutions (which leads to
corruption, fraud and theft)
Blockchain
14. These 5 billion people cannot engage in large-scale
entrepreneurship because they are disconnected from
the information. Legal network would allow them to:
• Combine and partition their holdings into valuable wholes
• Pledge their holdings against investment and credit
• Use them as credentials for civic purposes and to access
public services
15. Turning rights into formal title takes years + hundreds of
bureaucratic steps and bribes
16. This has led to several deadly global problems:
Alienation and terrorism: not defended by the rule of
law, some accept the protection offered by terrorists
and racketeers who – at gunpoint – expect in return
shelter, taxes and recruits
17. If, instead, we surface their informal ledgers
• The terrorists switch sides
• Capital is unleashed in a widely distributed manner
• Entrepreneurs can go to work lifting the population
of poverty.
I am going to talk a little bit about what we do. We are a fund that does Angel Investing. We look at sectors like Cryptos and Blockchain, and we also look at Real Estate.
We sit as panelist who vets the ideas in the Silicon Valley VC funds, and then we conduct our due diligence. We also maintain a data center and a commercial building space in the heart of Phoenix downtown that is going through revitalization and urbanization by the city. Arizona is the first state in the USA to approve a Fintech Sandbox allowing companies to experiment in Fintech.
The most interesting trends are in the emerging markets and frontier market space.
The statistics arehumongous:
7.5 billion people on earth
2.5 billion people are globalized
5 billion people are unglobalized (many of the 90 million Filipinos belong here)
2.5 billion people are unbanked
There were 5 billion cell phone users in 2017.
2.5 billion people are unbanked. ATM machines have such huge fixed cosst that transferring small sums will cost too much transaction fees. However, micropayments in the form of digital currency certainly hold a lot of promise.
3 Billion people are in the Social Network, 4 Billion people are on the internet
We like to look at the level of Streamlining.
What is the impact of removing the intermediaries to the ecosystem?
How many levels of intermediaries are removed?
How well are the “buyers” and “sellers” matched on the network?
Are the barriers to communicaion removed to make transactions clear, smooth, quick?
We like to look at the amount of friction to buy a token.
What is the availability?
What is the demand?
How quickly are purchased tokens available after purchase for use or resale?
How can we globalize the un-globalized?
These 5 billion people do own assets
Branded Cows in Tanzania, Land, Peruvian Forests, Goats in Afghanistan, Carabaos in the Philippines
They exist in informal ledgers passed down from generations
However, turning rights into formal title takes years + hundreds of bureaucratic steps and bribes
If you are in a place like Guatemala and try to take title it can take literally 217 steps and 30 years. That means 217 paid bureaucrats and it essentlally does not happen.
If you are in a place like Guatemala and try to take title it can take literally 217 steps and 30 years. That means 217 paid bureaucrats and it essentially does not happen.
I
1849 California gold rush. There were 150 mining camps. People will nail maps on the trees to stake the claim and keep the ledger. A guy will keep the ledger. Then years later, the judges and lawyers got together, formalized them under the laws of the State of California.
After WW2, General MacArthur took all these feudal land and title arrangements and turned them into real title.
Peru is one of the best examples of using informal ledgers to lift Peruvians out of poverty.
Hernando de Soto (or Hernando de Soto; born 1941) is a Peruvian economist known for his work on the informal economy and on the importance of business and property rights. Peru is one of the fastest growing GDP nation in Latin America. In the 1990s, there was a terrorist group in Peru called the Shining Light. With the government’s permission, he got millions of farmers to submit their informal ledgers. Within 6 months, the terrorists collapsed. Surfacing the un-globalized ledgers liberated entrepreneurs and growth. In Peru, 340 thousand new businesses were formed.Peru became Latin America’s hidden growth story.
The main message of de Soto's work and writings is that no nation can have a strong market economy without adequate participation in an information framework that records ownership of property and other economic information.[15] Unreported, unrecorded economic activity results in many small entrepreneurs who lack legal ownership of their property, making it difficult for them to obtain credit, sell the business, or expand. They cannot seek legal remedies to business conflicts in court, since they do not have legal ownership. Lack of information on income prevents governments from collecting taxes and acting for the public welfare.
Reforms in Peru gave entrepreneurs and farmers control over their assets and a new, more accessible legal framework in which to run businesses, spurring a rise in living standards. From 1992 to 2012, Peru’s gross national product per capita grew twice as fast as the average in the rest of Latin America.
Ethiopia is using the Cardano Platform to explore using Blockchain to track the supply chain of Coffee Exports
Let us take a look at applying blockchain to the Land Grabbing Problem in the Philppines. As many as two-thirds of civil cases pending in Philippine’s courts deal with land related disputes, most of which revolve around establishing ownership. The existing legal framework, based on the system of “presumptive ownership”, lends itself to litigation as land and property undergo several mutations over generations that are not always captured on public records. Moreover, data related to a specific parcel of land is stored in silo’ed government departments, and in formats that vary substantially from one state to another. Access to these records is time- and cost-intensive, as they involve frequent visits and bureaycratic steps to government agents.
The blockchain offers a potential alternative. The independent computers that run Bitcoin’s decentralized network busily update and maintain an ever-growing public ledger of transactions. They repeatedly reach a consensus on changes and thus are constantly vouching for the ledger’s integrity. Information on new transactions is built on top of all preceding records in a precise, time-stamped, interlinked manner, which means anyone who tampers with past data will distort all other latter records and so expose their fraud. It is this permanance and incorruptability, combined with the fact that it is completely open and uncontrolled, that makes this new recordkeeping methodology so seductive. And the distributed nature of the blockchain ledger, which resides simultaneously on multiple computers, makes it far more secure than a centralized database. All these features make it possible for individuals to confidently and securely use the blockchain to make direct asset exchanges without relying on third-party intermediaries such as banks, lawyers, or notaries.
The land is the most valuable asset in most countries especially Philippine since the past up to now. However, the major problem in the Asian land sector is the documentation. There is hope after experts from blockchain technology explained how it offers a solution to this problem. The poor documentation that fails to show the landowner has led to land problems which have led to death or displacement of individuals. Where records are there, there are possibilities of them being tampered with by self-centered people. The only solution to the problem is using blockchain method to keep the records.
