This document provides an overview of emerging technologies and trends that may shape the third industrial revolution, including the internet of things, big data, 3D printing, robotics/AI, cryptocurrencies like Bitcoin, crowdfunding, peer-to-peer lending and payments, and how these converging technologies are empowering individuals and communities in new ways. Examples are given of Swedish startups in areas like payments, lending, and mining that have emerged just in the past few years, as well as perspectives shared from attendees of a Bitcoin conference on how technologies like Bitcoin have increased curiosity about issues in personal finance and the potential for average individuals to help change the system.

1. October 2014
www.hhs.se

2. Then…
Thx to R. Wieselfors, Ericsson for photos

3. …Now
Thx to R. Wieselfors, Ericsson for photos

5. History tends to repeat itself….
Innovation, financial crisis, industrial revolution, …
Steam
engine
Internal
combustion
engine
Microelectronics
Late 18th C Late 19th C Late 20th C
Schön 2008
Third
industrial
revolution?

6. People
• “Net generation”
• 24x7 “mobile” workforce
• Knowledge via MOOCs
• Sharing not consuming
• Sustainability
Technology
• Broadband access
• The Cloud
• Mobile phones
• Internet of Things
• Big Data
• 3D printing
• Robotics/AI
• VR/AR
Open Source
• Software
• Hardware
• Physibles
Convergence of…..
Finance
• Microlending/microfinance
• Crowdfunding/equity/P2P
• Non-fiat cryptocurrencies
• Mobile money/payments

7. What’s around the corner?
24x7 Global Internet Collaboration + Open Source + 3D Printing
http://mashable.com/2013/02/13/robohand/
$60,000
$150
Available for free
download on
Where is
the firm?

8. Bitcoin = The power of community +
open source + internet + CPU
• Developed by self-organizing community of thousands of
“strangers” across globe
• Not one but many motivations (intrinsic, extrinsic)
• 91 bln SEK in circulation vs SEK 32 bln of Bitcoin in five years
• Approx USD 4.5 bln in circulation (Oct 2014) and 70,000 daily
transactions
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2263707

9. ”Bitcoin has made me interested in
issues like finance and money – things
that I never thought about before. Now
I am really curious and questioning
why things are the way they are in the
finance world….and wondering what
can I do to change them.”
- Bitcoin 2014 Conference Attendee

10. The genie is
out of the bottle….

11. In just a few years in Sweden alone…
Company Founded Business
Klarna 2005 E-commerce payment services
MyLoan 2006 Loan broker
Trustly 2008 Online payments
TrustBuddy 2009 P2P lending
iZettle 2010 Mobile payments
FundedByMe 2011 Crowdfunding, crowd equity
Kivra 2011 Digital mailbox
Tink 2012 Personal finance
Safello 2013 Cryptocurrency exchange
KnCMiner 2013 Cryptocurrency mining equipment
Toborrow 2013 P2P lending for companies

12. Toborrow.se

13. http://www.detectivemarketing.com/

14. The future is already here,
it’s just not very evenly
distributed.
- William Gibson

15. Panel
Crowdfunding
Daniel Daboczy, VD och grundare, FundedByMe
Digital betaltjänst
Stefan Krook, VD och grundare, Kivra
Kundernas förväntan och finansbranschens förmåga
Jeanette Jäger, VP Capital Market, Tieto
The Blockchain: The Innovation Underpinning Bitcoin
Nanok Bie, Marknadschef, KnCMINER

16. Robin Teigland
robin.teigland@hhs.se
www.knowledgenetworking.org
www.slideshare.net/eteigland
www.nordicworlds.net
@RobinTeigland
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