Ronny Tome gives a brief look at the four industrial revolutions, especially the fourth industrial revolution.

1. Fintech: The
Fourth
Industrial
Revolution
RONNY TOME

2. Introduction When we think of the word revolution, the
first thing that comes to mind is a type of
uprising. This is true in the sense of human
evolution, to achieve certain goals to make
our lives better. For example, revolutions
have occurred to gain freedom, a change in
taxes or a change in workplace conditions.
There have also been revolutions that
invented new products, perfected old
technology or replaced old technology.

3. They are called revolutions because they
had a great impact on society and
economics. They dramatically changed
industries, forcing people to adapt or even
create new ones. Most only know of the first
revolution, the Industrial Revolution, since it
set the foundation for the technology we
have today. However, there have been
additional revolutions that followed after
it. Let’s take a brief look at them.

4. The Industrial
Revolution
It was the birth of mechanization, which
replaced agriculture as the main
industry in the 18th century (1760 to
1840). The steam engine gave us a new
form of transportation with the train
and new industries exploded, such as
coal, iron and railroads.

5. The Second Industrial Revolution
The number of inventions and products
began to increase during this time
period (1870 – 1914). We saw the
expansion of electricity, petroleum and
chemical synthesis; the development of
steel and large corporations; and the
creation of new products (e.g.
automobiles and airplanes). Electricity
was used to power homes and
businesses. Also, there was a
communications boom with the
invention of the telephone and the
telegraph.

6. The Third Industrial Revolution
This occurred during the latter part of the
20th century (1969). This was the electronic
age with information being stored
electronically and machine processing using
electronics to increase speed and convenience
(e.g. credit cards). Nuclear energy was a new
energy source and was used in a number of
industries, such as medicine and aerospace.
The electronic age soon changed over to the
digital age with computers and
telecommunications.

7. The Fourth
Industrial
Revolution
This began at the start of the 21st
century. It is an expansion of the third
industrial revolution that has
dramatically changed the way we live.
There are a merging of industries (e.g.
fintech) that created new products and
services. Technology has greatly
advanced to automate processes,
analyze data and share information
across numerous platforms.

8. It has created new jobs and industries, such
as e-commerce and cybersecurity. Artificial
intelligence and robots have advanced to
predict human behaviors and perform
certain tasks. We now have more options
when it comes to purchasing and using
currency (e.g. cryptocurrency).

9. Fintech plays a large part in the fourth
industrial revolution. It has improved the
financial world, including payments, investing
and banking. This is an amazing time,
and Ducatus is at the forefront of using
cryptocurrency (Ducatus coin) to make our
lives even easier.

10. THANK YOU FOR YOUR TIME