This briefing on the future of money is the first in a series of explorations on the future of global systems; including industries, sectors and economies.
Food as Distributed Commons: Cryptocurrencies as Slow MoneyEvelyn Rodriguez
How may one use cryptocurrency such as Bitcoin and blockchain technologies to create sustainable, participatory projects in our communities. A hypothetical example using decentralized hydroponics urban farm will be used to consider implementation for funding and economically sustaining a "food grid" (analogous to the energy grid) that benefits everyone in the collective membership. Presented to Slow Money South Bay on August 4, 2015 by Evelyn Rodriguez.
Blockchain Insider | Chapter 2: The Name of The GameKoh How Tze
All things blockchain, ledger technology, and cryptocurrencies.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry. I don't know the future. I didn't write this to tell you how this is going to end. I write about how it all begins. I'm going to show you a world without boundaries. A world where anything is possible. Where we go from here is a choice I leave to you.
This is part of my project related to Blockchain technology. If you like the work above, and would like to make a contribution to this work, you are welcome to make some Bitcoin donation in support of this project to this wallet:
1PuENxGUTYxMe5tSk53kCPXPaoFVN2vKTU
You can also reach me at SteemIt community here, if you are a Steemian:
https://steemit.com/@howtze
For project related updates, kindly visit the official website:
http://www.BCInsider.MY
Thank you.
Electronic and digital currencies like bitcoin provide a new way to transfer money globally with very low fees. While they currently lack regulations, cryptocurrencies allow migrant workers to send money home more cheaply than traditional money transfer services. The decentralized nature of cryptocurrency networks also enables peer-to-peer transactions without centralized control. However, cryptocurrencies are still in their early stages and face challenges around their status as legal tender and how they should be classified for tax and regulatory purposes.
Blockchains in the mainstream - interviews with entrepreneurs Ian Beckett
Blockchains in the Mainstream discusses marketing challenges and opportunities for blockchain and decentralized technologies. The document features contributions from 33 entrepreneurs, investors, and thinkers on how to accelerate mainstream adoption. Contributors discuss how to bring radical decentralization to the masses by focusing on building useful applications, highlighting challenges to overcome, and explaining how blockchain can improve lives and create a more inclusive world. The goal is to help more people understand and benefit from these emerging technologies.
Reference Architecture for Cryptocurrency in BankingITIIIndustries
The Internet has now become an environment and source for innovation development that has impacted a wide range of industries. The platform has enabled entrepreneurs to create groundbreaking solutions that have had a disruptive and transformative effect on the lives of many people. While banking had dealt with several innovations such as internet payment providers, more recently a virtual alternative to cash has begun to emerge. Although the notion of true electronic cash has been considered for some time, the availability of a practical electronic currency has only recently gained actual adoption that is forcing many financial institutions to reconsider the potential long-term impact. We provide some insight into the latest trends in cryptocurrency and propose a reference architecture for adopting this form of financial asset in a central banking scenario; i.e. a Fiat based cryptocurrency. The presently used cryptocurrency are based on a peer to peer scheme and hence we outline an IT solution that will accommodate a centrally issued electronic currency
Buzz factor or innovation potential - cryptocurrencies’ comparedIan Beckett
This document summarizes a research article that examines factors associated with variations in cryptocurrency market values. It finds that a cryptocurrency's innovation potential, as measured by technological upgrades, is the most important positive factor associated with returns. In contrast, "buzz" or media attention surrounding cryptocurrencies is negatively associated with returns after controlling for other factors. Unexpected increases in supply are also positively associated with returns, which challenges traditional economic theories. The study analyzes weekly return data for five major cryptocurrencies over one year to identify supply and demand drivers of cryptocurrency price fluctuations.
Mark Andreessen believes the current financial system is outdated and can be replaced through new technologies like cryptocurrencies. He argues that financial transactions have become overly complex and don't require huge buildings and staff. New sources of data from online behaviors can better assess creditworthiness. Cryptocurrencies like Bitcoin can radically lower transaction fees and implement the entire financial system in a decentralized way. However, regulators are confused by these new technologies, which provides an opportunity for innovation if the solutions work.
Food as Distributed Commons: Cryptocurrencies as Slow MoneyEvelyn Rodriguez
How may one use cryptocurrency such as Bitcoin and blockchain technologies to create sustainable, participatory projects in our communities. A hypothetical example using decentralized hydroponics urban farm will be used to consider implementation for funding and economically sustaining a "food grid" (analogous to the energy grid) that benefits everyone in the collective membership. Presented to Slow Money South Bay on August 4, 2015 by Evelyn Rodriguez.
Blockchain Insider | Chapter 2: The Name of The GameKoh How Tze
All things blockchain, ledger technology, and cryptocurrencies.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry. I don't know the future. I didn't write this to tell you how this is going to end. I write about how it all begins. I'm going to show you a world without boundaries. A world where anything is possible. Where we go from here is a choice I leave to you.
This is part of my project related to Blockchain technology. If you like the work above, and would like to make a contribution to this work, you are welcome to make some Bitcoin donation in support of this project to this wallet:
1PuENxGUTYxMe5tSk53kCPXPaoFVN2vKTU
You can also reach me at SteemIt community here, if you are a Steemian:
https://steemit.com/@howtze
For project related updates, kindly visit the official website:
http://www.BCInsider.MY
Thank you.
Electronic and digital currencies like bitcoin provide a new way to transfer money globally with very low fees. While they currently lack regulations, cryptocurrencies allow migrant workers to send money home more cheaply than traditional money transfer services. The decentralized nature of cryptocurrency networks also enables peer-to-peer transactions without centralized control. However, cryptocurrencies are still in their early stages and face challenges around their status as legal tender and how they should be classified for tax and regulatory purposes.
Blockchains in the mainstream - interviews with entrepreneurs Ian Beckett
Blockchains in the Mainstream discusses marketing challenges and opportunities for blockchain and decentralized technologies. The document features contributions from 33 entrepreneurs, investors, and thinkers on how to accelerate mainstream adoption. Contributors discuss how to bring radical decentralization to the masses by focusing on building useful applications, highlighting challenges to overcome, and explaining how blockchain can improve lives and create a more inclusive world. The goal is to help more people understand and benefit from these emerging technologies.
Reference Architecture for Cryptocurrency in BankingITIIIndustries
The Internet has now become an environment and source for innovation development that has impacted a wide range of industries. The platform has enabled entrepreneurs to create groundbreaking solutions that have had a disruptive and transformative effect on the lives of many people. While banking had dealt with several innovations such as internet payment providers, more recently a virtual alternative to cash has begun to emerge. Although the notion of true electronic cash has been considered for some time, the availability of a practical electronic currency has only recently gained actual adoption that is forcing many financial institutions to reconsider the potential long-term impact. We provide some insight into the latest trends in cryptocurrency and propose a reference architecture for adopting this form of financial asset in a central banking scenario; i.e. a Fiat based cryptocurrency. The presently used cryptocurrency are based on a peer to peer scheme and hence we outline an IT solution that will accommodate a centrally issued electronic currency
Buzz factor or innovation potential - cryptocurrencies’ comparedIan Beckett
This document summarizes a research article that examines factors associated with variations in cryptocurrency market values. It finds that a cryptocurrency's innovation potential, as measured by technological upgrades, is the most important positive factor associated with returns. In contrast, "buzz" or media attention surrounding cryptocurrencies is negatively associated with returns after controlling for other factors. Unexpected increases in supply are also positively associated with returns, which challenges traditional economic theories. The study analyzes weekly return data for five major cryptocurrencies over one year to identify supply and demand drivers of cryptocurrency price fluctuations.
Mark Andreessen believes the current financial system is outdated and can be replaced through new technologies like cryptocurrencies. He argues that financial transactions have become overly complex and don't require huge buildings and staff. New sources of data from online behaviors can better assess creditworthiness. Cryptocurrencies like Bitcoin can radically lower transaction fees and implement the entire financial system in a decentralized way. However, regulators are confused by these new technologies, which provides an opportunity for innovation if the solutions work.
This document discusses the potential for blockchain technology to create positive social change if implemented responsibly, as well as the risks of a dystopian outcome if not guided by ethical principles. It highlights grassroots startups already using blockchain to empower small farmers, certify supply chains, reduce costs for African businesses, and help refugees. However, it also notes the need for a "duty of care" given blockchain's ability to fundamentally transform structures, and that criminals could exploit vulnerabilities to manipulate important institutions without clear ethical guidelines.
Originally presented on November 5, 2014 at the Inaugural CAIA-SKBI Cryptocurrency Conference 2014 hosted at Singapore Management University: http://skbi.smu.edu.sg/conference/111726?itemid=5806
Citations and references found in the notes of each slide.
Abstract:
With nearly six years of empirical data and use-cases behind the Nakamoto consensus method the community has observed that a cryptocurrency economy behaves differently than originally envisioned and intended. What has arisen from these half-a-decade of physical interactions is a nearly complete rollback of the primary attributes embodied within the first of these Nakamoto consensus protocols, Bitcoin – to the point where it may best to refer to it as Bitcoin-in-name-only (BINO). Consequently there are two other challenges within this existing BINO framework: (1) the diametrically opposed forces of speculative demand versus transactional demand; (2) decoupling coins from the ledger altogether. This presentation discusses several proposed solutions to the challenges currently being devised by a multitude of teams.
This document summarizes an economic analysis of cryptocurrencies like Bitcoin. It finds that while Bitcoin has large welfare costs due to its design, an optimized cryptocurrency could have much lower costs, comparable to a cash system with low inflation. It models how cryptocurrencies use mining and confirmation lags to prevent double spending, and estimates an optimal design could lower costs to 0.08% of consumption. It also finds cryptocurrencies may be able to challenge retail payment systems if scaling issues are addressed.
Reinventing Capitalism In The Age of Big Data (Reading Notes)Koh How Tze
Data capitalism could mean a more sustainable, egalitarian economy, but the end of the firm – including the end of stable employment – carries great risks as well.
Discussion on reading notes in English:
Future of Firms - https://www.youtube.com/watch?v=8eOvyb_Kiug
Future of Jobs - https://www.youtube.com/watch?v=cvV9x_6ibr4
Discussion on reading notes in Mandarin:
《大数据资本主义》: 金融资本主义退位,重新定义市场、企业、金钱、银行、工作与社会正义 | 听书会分享片段
(1 of 2)- https://www.youtube.com/watch?v=MTMCp_7uPM0
(2 of 2)- https://www.youtube.com/watch?v=Vb4ubRvxSwc
By the numbers: understanding value transfers to and from ChinaTim Swanson
This presentation is based on a combination of research for Melotic, for SKBI in Singapore and for the "Blockchain Global Impact" Stanford conference held in March 2015.
The question that led to the market research was, "Can blockchains positively impact areas such as remittances?"
References and citations can be found in the notes of each slide.
A definition of virtual world asset classes, the virtual worlds ecosystem and the attendant accounting, valuation, taxation and legal issues that arise in virtual world economics.
Audio: http://feeds.feedburner.com/BroaderPerspectivePodcast
A New Era of Leadership - From Hierarchy to NetworkTeemu Arina
How social media and digital environments are changing management, collaboration and organizations?
A presentation by: Pasi Mäenpää / Elisa at Elisa ICT Forum 2010, Helsinki, Finland.
Presentation consultation and background research: Esko Kilpi & Teemu Arina / dicole.com
Presentation Design: Mikko Kaipio & Markus Koljonen / Dicole.com
See http://www.elisa.com/en/ and http://www.dicole.com for more information.
The presentation also comes with a visually stunning video. Watch and share: "Cloud Company - Change Happens":
http://bit.ly/ChangeHappens
Cash is more than a method of payment. It is a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. This paper shows that a cashless economy is a surveillance economy. It also argues that removing the option to freely transact without intermediation greatly limits our economic self-determination, placing our economic lives in the hands of financial institutions and governments. This paper presents several case studies demonstrating the dangers of a completely intermediated payments system and concludes that electronic cash is a tool that should not only be tolerated, but fostered and celebrated.
Digital Cash and Monetary Freedom - Libertarian Alliance (Economic Notes 63)Jon Matonis
Much has been published recently about the awesome promises of electronic commerce and trade on the Internet if only a reliable, secure mechanism for value exchange could be developed. This paper describes the differences between mere encrypted credit card schemes
and true digital cash, which presents a revolutionary opportunity to transform payments. The nine key elements
of an electronic, digital cash are outlined and a tenth element is proposed which would embody digital cash with a non- political unit of value.
Mckinsey how blockchains could change the worldmartin tan
Don Tapscott believes that blockchains, the technology underpinning Bitcoin, have the potential to revolutionize the global economy. Blockchains allow for direct peer-to-peer transactions without powerful intermediaries through an open-source distributed ledger secured by cryptography. This could transform industries like finance, music, and more by facilitating new forms of collaboration and ensuring creators are compensated. However, challenges around governance, energy use, and job disruption could hinder its potential if not addressed.
Digital Asset Transfer Authority Bit license comment letter (21 10-14)DataSecretariat
This letter from DATA (Digital Asset Transfer Authority) provides comments on New York's proposed BitLicense regulations. It argues that 1) the scope of regulated activities is too broad and would stifle innovation, 2) the new AML requirements pose serious privacy issues and require untenable data collection, and 3) the regulations should be revised to address these concerns and balance consumer protection with allowing new technologies to develop. The letter provides background on DATA and the digital currency industry's efforts toward self-regulation, and encourages NYDFS to revise the regulations to be more risk-based and avoid overregulation that could discourage new technologies.
Several US states are working to become the blockchain and cryptocurrency capital of the country by passing crypto-friendly legislation. Wyoming has passed several bills defining cryptocurrencies as assets and exempting certain tokens from securities laws. This is aimed at attracting blockchain companies to the state. Tennessee is also pursuing pro-crypto policies like legally recognizing cryptocurrency payments. Delaware was an early leader but its blockchain director recently stepped down, though the state still plans to advance its goals in this area.
Bitcoin 101 - Bitcoin For Beginners by World Bitcoin NetworkJames DAngelo
Satoshi Nakamoto created Bitcoin in 2008 in response to the financial crisis and bailouts, which fueled distrust in centralized financial institutions. Nakamoto drew upon concepts from cryptography and peer-to-peer networks to develop a decentralized digital currency using blockchain technology. By distributing the ledger across many users' computers and requiring consensus to validate transactions, Bitcoin solved the double-spending problem that had hindered previous attempts at digital cash. It harnessed weaknesses of digital currencies like perfect copying into strengths by copying the ledger everywhere and discarding ledgers that did not match the consensus view.
A Pen Should Write - Satoshi's Fatal Mistake wrt Decentralized ConsensusJames DAngelo
The document discusses the issue of centralization in Bitcoin mining. It argues that proof-of-work leads to mining centralization as mining becomes dominated by a few large hardware owners. This endangers the decentralized nature of Bitcoin. The author proposes an alternative "Conner Consensus" where 1,000 individuals are selected to perform mining without proof-of-work, acting as a decentralized "mining congress" to address these issues. Overall, the document analyzes how proof-of-work may be failing to achieve decentralized consensus as originally intended.
Blockchain and distributed ledgers: so much more than just bitcoinRobin Teigland
My updated slides that i presented at the Future Focus: Exponential Technologies conference organized by Claudia Olsson at NASDAQ Stockholm in April 2016.
Cryptocurrencies, Blockchain & Smart Contracts: A General IntroductionRaffaele Mauro
Cryptocurrencies, blockchain & smart contracts are introduced. Key points:
1) Blockchain is a distributed public ledger that records transactions in blocks connected linearly, enabling verification without central trust.
2) Bitcoin uses cryptography and mining to release currency algorithmically and validate transactions through solving computational problems.
3) Potential applications beyond currency include decentralized applications, smart contracts, and disintermediating organizations through blockchain technology.
Blockchain, whose origins are blended (and often blurred) with the cryptocurrency Bitcoin, is a disruptive technology with the potential to transform how goods and services are exchanged over the internet. Blockchain allows complex transactions to be carried out transparently and securely, on a distributed interaction model that ousts multiple established intermediaries, eradicating the control held by central authorities in traditional methods of digital transaction.
This document provides 101 ideas for making banking more fun, such as putting comedy routines in on-hold messages, including Easter eggs and jokes on websites, printing fun facts or cartoons on ATM receipts, gamifying banking activities, holding scavenger hunts, and exploiting pop culture memes in marketing. The ideas are intended to make mundane banking processes and communications more entertaining and lighthearted through humor, games, creative promotions, and unconventional advertising approaches.
Useful is business development agency based in İstanbul, Turkey. We are developing our own platforms and products and giving utility marketing business development consultancy services for the brands and companies.
This document discusses the potential for blockchain technology to create positive social change if implemented responsibly, as well as the risks of a dystopian outcome if not guided by ethical principles. It highlights grassroots startups already using blockchain to empower small farmers, certify supply chains, reduce costs for African businesses, and help refugees. However, it also notes the need for a "duty of care" given blockchain's ability to fundamentally transform structures, and that criminals could exploit vulnerabilities to manipulate important institutions without clear ethical guidelines.
Originally presented on November 5, 2014 at the Inaugural CAIA-SKBI Cryptocurrency Conference 2014 hosted at Singapore Management University: http://skbi.smu.edu.sg/conference/111726?itemid=5806
Citations and references found in the notes of each slide.
Abstract:
With nearly six years of empirical data and use-cases behind the Nakamoto consensus method the community has observed that a cryptocurrency economy behaves differently than originally envisioned and intended. What has arisen from these half-a-decade of physical interactions is a nearly complete rollback of the primary attributes embodied within the first of these Nakamoto consensus protocols, Bitcoin – to the point where it may best to refer to it as Bitcoin-in-name-only (BINO). Consequently there are two other challenges within this existing BINO framework: (1) the diametrically opposed forces of speculative demand versus transactional demand; (2) decoupling coins from the ledger altogether. This presentation discusses several proposed solutions to the challenges currently being devised by a multitude of teams.
This document summarizes an economic analysis of cryptocurrencies like Bitcoin. It finds that while Bitcoin has large welfare costs due to its design, an optimized cryptocurrency could have much lower costs, comparable to a cash system with low inflation. It models how cryptocurrencies use mining and confirmation lags to prevent double spending, and estimates an optimal design could lower costs to 0.08% of consumption. It also finds cryptocurrencies may be able to challenge retail payment systems if scaling issues are addressed.
Reinventing Capitalism In The Age of Big Data (Reading Notes)Koh How Tze
Data capitalism could mean a more sustainable, egalitarian economy, but the end of the firm – including the end of stable employment – carries great risks as well.
Discussion on reading notes in English:
Future of Firms - https://www.youtube.com/watch?v=8eOvyb_Kiug
Future of Jobs - https://www.youtube.com/watch?v=cvV9x_6ibr4
Discussion on reading notes in Mandarin:
《大数据资本主义》: 金融资本主义退位,重新定义市场、企业、金钱、银行、工作与社会正义 | 听书会分享片段
(1 of 2)- https://www.youtube.com/watch?v=MTMCp_7uPM0
(2 of 2)- https://www.youtube.com/watch?v=Vb4ubRvxSwc
By the numbers: understanding value transfers to and from ChinaTim Swanson
This presentation is based on a combination of research for Melotic, for SKBI in Singapore and for the "Blockchain Global Impact" Stanford conference held in March 2015.
The question that led to the market research was, "Can blockchains positively impact areas such as remittances?"
References and citations can be found in the notes of each slide.
A definition of virtual world asset classes, the virtual worlds ecosystem and the attendant accounting, valuation, taxation and legal issues that arise in virtual world economics.
Audio: http://feeds.feedburner.com/BroaderPerspectivePodcast
A New Era of Leadership - From Hierarchy to NetworkTeemu Arina
How social media and digital environments are changing management, collaboration and organizations?
A presentation by: Pasi Mäenpää / Elisa at Elisa ICT Forum 2010, Helsinki, Finland.
Presentation consultation and background research: Esko Kilpi & Teemu Arina / dicole.com
Presentation Design: Mikko Kaipio & Markus Koljonen / Dicole.com
See http://www.elisa.com/en/ and http://www.dicole.com for more information.
The presentation also comes with a visually stunning video. Watch and share: "Cloud Company - Change Happens":
http://bit.ly/ChangeHappens
Cash is more than a method of payment. It is a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. This paper shows that a cashless economy is a surveillance economy. It also argues that removing the option to freely transact without intermediation greatly limits our economic self-determination, placing our economic lives in the hands of financial institutions and governments. This paper presents several case studies demonstrating the dangers of a completely intermediated payments system and concludes that electronic cash is a tool that should not only be tolerated, but fostered and celebrated.
Digital Cash and Monetary Freedom - Libertarian Alliance (Economic Notes 63)Jon Matonis
Much has been published recently about the awesome promises of electronic commerce and trade on the Internet if only a reliable, secure mechanism for value exchange could be developed. This paper describes the differences between mere encrypted credit card schemes
and true digital cash, which presents a revolutionary opportunity to transform payments. The nine key elements
of an electronic, digital cash are outlined and a tenth element is proposed which would embody digital cash with a non- political unit of value.
Mckinsey how blockchains could change the worldmartin tan
Don Tapscott believes that blockchains, the technology underpinning Bitcoin, have the potential to revolutionize the global economy. Blockchains allow for direct peer-to-peer transactions without powerful intermediaries through an open-source distributed ledger secured by cryptography. This could transform industries like finance, music, and more by facilitating new forms of collaboration and ensuring creators are compensated. However, challenges around governance, energy use, and job disruption could hinder its potential if not addressed.
Digital Asset Transfer Authority Bit license comment letter (21 10-14)DataSecretariat
This letter from DATA (Digital Asset Transfer Authority) provides comments on New York's proposed BitLicense regulations. It argues that 1) the scope of regulated activities is too broad and would stifle innovation, 2) the new AML requirements pose serious privacy issues and require untenable data collection, and 3) the regulations should be revised to address these concerns and balance consumer protection with allowing new technologies to develop. The letter provides background on DATA and the digital currency industry's efforts toward self-regulation, and encourages NYDFS to revise the regulations to be more risk-based and avoid overregulation that could discourage new technologies.
Several US states are working to become the blockchain and cryptocurrency capital of the country by passing crypto-friendly legislation. Wyoming has passed several bills defining cryptocurrencies as assets and exempting certain tokens from securities laws. This is aimed at attracting blockchain companies to the state. Tennessee is also pursuing pro-crypto policies like legally recognizing cryptocurrency payments. Delaware was an early leader but its blockchain director recently stepped down, though the state still plans to advance its goals in this area.
Bitcoin 101 - Bitcoin For Beginners by World Bitcoin NetworkJames DAngelo
Satoshi Nakamoto created Bitcoin in 2008 in response to the financial crisis and bailouts, which fueled distrust in centralized financial institutions. Nakamoto drew upon concepts from cryptography and peer-to-peer networks to develop a decentralized digital currency using blockchain technology. By distributing the ledger across many users' computers and requiring consensus to validate transactions, Bitcoin solved the double-spending problem that had hindered previous attempts at digital cash. It harnessed weaknesses of digital currencies like perfect copying into strengths by copying the ledger everywhere and discarding ledgers that did not match the consensus view.
A Pen Should Write - Satoshi's Fatal Mistake wrt Decentralized ConsensusJames DAngelo
The document discusses the issue of centralization in Bitcoin mining. It argues that proof-of-work leads to mining centralization as mining becomes dominated by a few large hardware owners. This endangers the decentralized nature of Bitcoin. The author proposes an alternative "Conner Consensus" where 1,000 individuals are selected to perform mining without proof-of-work, acting as a decentralized "mining congress" to address these issues. Overall, the document analyzes how proof-of-work may be failing to achieve decentralized consensus as originally intended.
Blockchain and distributed ledgers: so much more than just bitcoinRobin Teigland
My updated slides that i presented at the Future Focus: Exponential Technologies conference organized by Claudia Olsson at NASDAQ Stockholm in April 2016.
Cryptocurrencies, Blockchain & Smart Contracts: A General IntroductionRaffaele Mauro
Cryptocurrencies, blockchain & smart contracts are introduced. Key points:
1) Blockchain is a distributed public ledger that records transactions in blocks connected linearly, enabling verification without central trust.
2) Bitcoin uses cryptography and mining to release currency algorithmically and validate transactions through solving computational problems.
3) Potential applications beyond currency include decentralized applications, smart contracts, and disintermediating organizations through blockchain technology.
Blockchain, whose origins are blended (and often blurred) with the cryptocurrency Bitcoin, is a disruptive technology with the potential to transform how goods and services are exchanged over the internet. Blockchain allows complex transactions to be carried out transparently and securely, on a distributed interaction model that ousts multiple established intermediaries, eradicating the control held by central authorities in traditional methods of digital transaction.
This document provides 101 ideas for making banking more fun, such as putting comedy routines in on-hold messages, including Easter eggs and jokes on websites, printing fun facts or cartoons on ATM receipts, gamifying banking activities, holding scavenger hunts, and exploiting pop culture memes in marketing. The ideas are intended to make mundane banking processes and communications more entertaining and lighthearted through humor, games, creative promotions, and unconventional advertising approaches.
Useful is business development agency based in İstanbul, Turkey. We are developing our own platforms and products and giving utility marketing business development consultancy services for the brands and companies.
How to Create Computer-Free Digital Experiences (Planningness 2013)Vladimir Pick
My talk at Planningness 2013.
The worlds of hardware and software are colliding: from art to intelligent robots, our interactions with the digital world are moving beyond the computer screen. The digital layer around us is ever-present and ubiquitous, and our interactions increasingly happen through a network of connected sensors and haptic devices. Learn why this matters for your job and how to design digital experiences that bridge the physical and digital.
@vladimirpick
We know life gets busy, and sometimes you don’t get around to reading that article you saw on LinkedIn or that blog post your colleague told you about, so we compiled our most popular posts of 2015 into this one handy-dandy list.
Kevin Plank founded Under Armour in 1996 after growing frustrated with cotton t-shirts that would get soaked with sweat during football practices. He developed a moisture-wicking synthetic fabric and started selling his new performance shirts out of his car trunk. By the end of 1996, Under Armour generated $17,000 in sales and made its first team sale. The company has since grown significantly and become a leader in performance athletic apparel, known for its innovative fabrics that keep athletes dry and comfortable.
The document discusses how brands should avoid obsessively stalking and trying to mimic their target customers. It argues that brands should instead try to understand their customers' world but develop a unique identity and create products based on their own interests rather than just repeating what they think customers want. The document advocates for brands to devote resources to self-discovery instead of stalking customers and to become brands that people want to follow rather than the other way around.
The document summarizes a public speech about responsive leadership for the future of work. It discusses how the world is changing rapidly due to disruptive technologies and megatrends, requiring organizations to take a more holistic, responsive, and entrepreneurial approach. Specifically, it recommends that organizations focus on holism across strategy, leadership and culture; responsiveness through agile structures and processes; and entrepreneurship by empowering internal teams to act independently and innovatively. The speaker argues this will allow organizations to better adapt and thrive in today's volatile environment.
PoolParty Team gave a webinar on Wednesday, November 28, 2012. We talked about scenarios and applications using semantics in enterprises. Some of the use cases we discussed were:
- Semi-automatic tagging of content (Sharepoint, Confluence, …)
- Semantic enterprise search (Mindbreeze, FAST, Exalead, …)
- Linked Enterprise Vocabularies
- Enterprise linked data integration (queries across Oracle databases and unstructured text)
We also showed the latest developments of PoolParty platform and we gave insights how structured data from relational databases can be mashed with unstructured text when using linked data alignment. We showcased how we mashed a large text corpus with statistical financial data on top of PoolParty and UltraWrap.
Tweeting thought-leadership ideas, Facebooking product campaigns, launching teasers on YouTube or updating your enterprise profile on LinkedIn can sure fetch you conversion rates, consumer metrics and collective intelligence! But what real use are they to you if they don't leverage sales and justify your social media ROI? What good are your products if they don't go missing from shelves?
Shannon Belew, Best-selling Author discusses:
• How to Identify and build relationships through Social Media
• Leverage Social Media to uncover opportunities and increase sales
• How to implement an enterprise Social Selling strategy across your organization
Adrian Day "User Experience or Brand Experience" - LBi Masterclasses June 11LBi User Experience
Adrian Day
"User Experience or Brand Experience"
June 2011
LBi Masterclasses
This is the first in a series of LBi Masterclasses designed to inspire, educate and provoke debate. Gain masterful insights from practitioners and experts in various fields. And put theory into practice in our follow-up workshop.
The document provides an overview of business architecture and its benefits. It discusses how business architecture can be used to (1) provide clear rationales for doing business architecture, (2) provide a filtered set of business architecture models, views and uses to mitigate project and analysis risk, and (3) suggest a staged execution model. The document then covers various topics related to business architecture including standards, blueprint models, the blueprint lifecycle, technology impact, and how to focus on getting the biggest bang for efforts.
Cannes Lions workshop: 5 best practices for better brand experience designJack Morton Worldwide
Johnny Marques, Executive Creative Director of brand experience agency Jack Morton Worldwide, led a workshop at the 2013 Cannes Lions Festival about designing meaningful brand experiences. The workshop focused on five principles for great brand experiences: overstay checkout, community and purpose, useful and purpose, and shareable and purpose. After learning the principles, delegates applied them to a creative brief and presented their ideas.
A short presentation on the rules of brand transformation from my personal experience across many clients - specifically how to ensure a successful outcome. Get in touch for more information.
The document discusses 5 principles of high performing experience brands in today's attention economy:
1. Add value - Brands need to give more than they take from consumers by offering value like helpful information or services.
2. Invite participation - Brands should focus on managing communities of supporters rather than rigid brand standards and invite participation through contributing ideas or influencing experiences.
3. User-first design - Brand experiences need to start with understanding consumers' behaviors and catering to their needs and wants to increase engagement without extra convincing.
4. Inspire sharing - Brands must provide compelling content or causes that consumers genuinely want to talk about and share with others through their personal networks.
5. Be
Customer experience management (CxM) platforms are technology enablers within wider digital transformation programs. They help brands to deliver those right-time experiences at key decision points in the customer journey to drive engagement. With over a decade of lessons learned delivering CxM platforms for major brands, this session provides practical and pragmatic advice using concrete platform examples spanning the financial, media, news and entertainment, healthcare, and insurance sectors. How do you take a platform-first approach to CxM? What does good look like? How do you incentivize adoption? What works well? What should be avoided? This session shares war stories on the good, the bad and the ugly documented as a collection of useful and useable design principles for delivering sustainable CxM platforms.
This document discusses business modeling and the lean startup methodology. It emphasizes that business plans often fail upon first contact with customers and that planning is not as important as taking action, validating assumptions, and iterating based on customer feedback. The business model canvas is presented as a tool to visualize a business model and its key elements in a simple format. The document advocates testing business model hypotheses through minimum viable products and customer experimentation to determine product-market fit. It stresses the importance of failing often through iterative experimentation in order to learn and succeed more quickly.
Trade shows won't help you achieve all of your marketing and business objectives. But they are an important milestone to getting there. A win on the trade show floor can reverberate throughout all your marketing efforts.
Here are seven tips to help your brand score points, win customers and be awesome:
1, Define your strategy for getting to the next level
2. Earn points by playing to win
3. Understand your arsenal and bring the right equipment
4. Know the rules
5. The game begins when you start playing
6. The game doesn't stop when the whistle blows
7. Refine your strategy to advance to the next level
Download the full report now: http://bit.ly/1QD3aDm
Imagine a future where you don’t have to think about money. Got it? Well you’re probably thinking about it the wrong way. Because today, right now, money isn’t real.
That bill you can hold in your hand is simply a representation of a transaction about to take place, completely dependent upon our belief that it has a value. We believe wholeheartedly that a piece of paper can be exchanged for a cup of coffee or a microwave oven. But, when we strip away our dependence on this concept of “money”, and the physicality of its exchange, what remains in the pure transaction. A transaction of value.
This report unpacks how our very concept of money is evolving, and describes how the system designed to manage its movement is ripe for disruption. This shift will create immediate opportunities for brands to connect with consumers as not only participants, but partners in modern culture.
Our report examines:
• The concept of value beyond traditional financial notions
• How value hinges upon trust, and the way trust is driving disruption
• Tech startups and small group communities working together to challenge the way we’re paying for our lives
• Peer to peer exchanges, dying middlemen and algorithmic security
• New asset classes and a working vision of the Internet of Things
49 pp., 23 illustrations
Our report points to the near future, where every person, place, and thing has a measurable value that can be exchanged intangibly, rapidly, securely, and most importantly, directly. It’s a system where abstract notions like social currency have a value that can be transacted in the same way that we now buy a cup of coffee. It’s a system that can empower a planet where every single device, every head of lettuce, every drop of fuel, every road and cable that make up our infrastructure have a value not only in and of itself, but also in the context of its use.
Meet your new value system, or the future of money. UnMoney.
Methodology
For this report, sparks & honey conducted research and interviewed experts at DevCon1 in London (2015) and the Scaling Bitcoin Workshop in Hong Kong (2015). Using new social listening tools, we gauged public sentiment around the disruption of established currencies and financial systems. And tapping into our global scout network and proprietary cultural intelligence system, we combed through thousands of signals to build a vision of the future of value in an unmonied world.
This document provides recommendations for two cryptocurrencies to hold for long-term profits: Bitcoin (BTC) and Ethereum (ETH). BTC is described as the first decentralized digital currency that is not controlled by any single authority and has a fixed supply, giving it value as a hedge against inflation. ETH is highlighted for its use of smart contracts that enable decentralized applications like decentralized finance (DeFi) and non-fungible tokens (NFTs), both of which have grown dramatically in popularity in 2021 and rely on the Ethereum blockchain. ETH is seen as particularly well-suited for innovations in digital contracts and assets.
Cryptocurrency-recommended coins and purposeswatt promj
The document provides an overview and recommendations for four cryptocurrencies - Bitcoin, Ethereum, Cardano, and Polygon. It discusses the purpose and value of each coin, including Bitcoin's role as the first decentralized currency, Ethereum's support of smart contracts and applications like DeFi and NFTs, Cardano's goal of an environmentally-friendly blockchain, and Polygon's focus on scalability and interoperability. The document argues that while Bitcoin was first, Ethereum offers the most potential for growth due to the popularity of platforms it enables. It recommends having a diversified portfolio that includes Ethereum for its long-term upside potential.
The document discusses legalizing digital currency in Pakistan through various business analysis tools. It begins with an introduction and problem statement, then outlines objectives to adopt digital currency legally using SWOT analysis, PESTLE analysis, Porter's Five Forces analysis, V-MOST analysis, and other frameworks. The body of the document applies these tools to analyze strengths, weaknesses, opportunities, threats related to bitcoin and other factors influencing the cryptocurrency industry. It considers political, economic, social, and technological factors that impact adoption. The overall aim is to explore how to legally integrate digital currency in Pakistan.
How to make money with cryptocurrency in 2022.pdfNerajKumar2
The document provides recommendations for 4 cryptocurrency coins to hold for long-term profits:
1) Bitcoin (BTC) - The original cryptocurrency that is decentralized, borderless, and not controlled by any authority.
2) Ethereum (ETH) - Allows for smart contracts and decentralized applications, fueling growth in decentralized finance (DeFi) and non-fungible tokens (NFTs).
3) Cardano (ADA) - Aims to be a more sustainable blockchain than Ethereum using a proof-of-stake system and allowing new crypto tokens and applications.
4) Polygon (MATIC) - Seeks to address Ethereum's scalability issues and provides frameworks for interconnected blockchain networks.
The document describes CoinCasso, a new cryptocurrency exchange platform that aims to address issues with centralized exchanges by giving users a democratic voice and sharing profits. CoinCasso will be a hybrid centralized/decentralized exchange that allows users to vote on new listings and features. It will offer low trading fees, bonuses for token holders, and plans to expand into additional services like a wallet app, payment gateway, and ATMs. The platform seeks to reward users and develop the industry by sharing 80% of profits with active token holders.
Step by Step Guide to Make, Buy, Sell, Trade, and Invest in NFT, How to Become Rich in Your Teens by Investing in Bitcoin, Meme Coins, ICOs, NFTs, and Become A Successful Crypto Influencer.
INTRODUCTIONCryptocurrency is a scheme that has been taking a .docxnormanibarber20063
INTRODUCTION
Cryptocurrency is a scheme that has been taking a lot of strength since 2009 and has penetrated all spheres of world economies. For many specialists, these coins considered the new revolution of the money and for many others, something that has no relevance and they tend to disappear, which itself can secure in this essay is that we are living significant changes, where everything takes real virtual importance to the development of trade electronic.
Just seven years since its launch has become Bitcoin virtual currency more. Essential for all transactions of goods and services, or currency market network, currently moving figures close to 440 million dollars per hour (coinmarketcap). Being a decentralized currency has great advantages and its Once disadvantages that capture the eyes of governments and central banks, there is the possibility that this money may come to replace traditional currency for any virtual transaction in the exchange of goods and services refers thanks their low transaction costs.
It is a new virtual currency, which begins to circulate in 2009 created by the developer pseudonym, Satoshi Nakamoto, of course, Japanese origin. Little is known about this person or persons who developed the protocol Bitcoin, since not known with certainty source from which they come, indeed considered that it was a group of people called genii mathematicians to create a currency based on a scheme peer-to-peer electronic cash system with cryptographic security. It is indicating that operations are user to user without entities centralized controlling issue. Therefore, a limited amount of this is determined equivalent to 21 million by the year 2033 Bitcoin currency due to its high and sophisticated level mathematical. So much so that in 2015 this pseudonym "Satoshi Nakamoto" obtains " award
innovation without limits "Granted by the average English communication" The Economist "By the invention capable of altering the traditional financial system.
Bitcoin is a decentralized currency without any global government body that regulates and control issue, have planted the following questions why use one comes intensifying each day despite the restrictions and discourage exerted by governments and central banks? Why is it essential that central states regulate the use of this type of coins? Why is Bitcoin considered source of investment? In addition to that if they are free
market forces that determine price, why other factors influence it? They are questions analyzed and to respond in the course of this trial. For the Suddenly, if you can ensure that this type of virtual currencies have enormous potential and that is for some global economies they are already studying how to create their currencies virtual to allow free virtual trade without restrictions.
Such has been the rise of this currency in many countries have implemented ATMs to convert money to local currency Bitcoin. Countries such as Germany, the United States, and Switze.
Running head: CRYPTOCURRENCIES 1
CRYPTOCURRENCIES 3
Cryptocurrencies
Name
Institution
Date
Cryptocurrencies
Cryptography can be described as hidden communication or value, as in cryptocurrencies, which is propagated in a secure form. Cryptography is therefore the study or practice in which information is constructed in a manner that is hidden and distributed for decoding so that it can be understood. The need for secure communication and transactions saw an increase in the use of cryptography and its representation as digital currencies. It is very important in this context to define and explore the concept of cryptocurrencies. This analysis will utilize Bitcoin as an example of a cryptocurrency through which the main objectives will be achieved. This example will be used to overview the main characteristics of cryptocurrencies and how they influence the economy. A cryptocurrency is essentially a platform that utilizes concepts of cryptography to enable secure transactions as well as the establishment of new units within the economy. Considering the significance of cryptocurrencies in the contemporary world, it is essential to explore and understand the impact of cryptocurrencies on business, how people trust currencies, their social implications as well as how this technology can be applied in future to develop a more efficient economy.
The Economics of Cryptocurrencies
To properly understand the concept of cryptocurrencies, it is important to utilize a base model to explain how it works. Van Alstyne (2014) defines Bitcoin as a decentralized electronic cash system that uses peer-to-peer networking, digital signatures and cryptographic proof so as to enable users to conduct irreversible transactions without relying on trust. Cryptocurrencies are therefore a form of digital currency that is utilized within the external environment of banking institutions and is distributed through the internet. Increased virtual financial activities in the internet has depicted great potential in Bitcoin and other cryptocurrencies. The technical framework that made provisions under which cryptocurrencies were conceptualized was created by Satoshi Nakamoto.
Banks use what is known as centralized currency systems in which the value of currencies and their amounts available in specific markets are determined by the government or specific companies. On the contrary, decentralized cryptocurrency involves management of ledgers by a community called miners who secure, balance and maintain the integrity of the ledgers. A particular timestamp is used by these individuals to validate transactions and toggle the value of cryptocurrencies. Bitcoin was the very first digital currency of its kind. Therefore, most cryptocurrencies were developed based on the archit ...
Cryptocurrency and Defi : Bridging the gap for financial inclusion.TebogoMichaelManakan
Summary:
Cryptocurrency and DeFi are transformative technologies that aim to bridge the gap for financial inclusion. Cryptocurrencies are digital currencies that operate on decentralized blockchain networks, offering fast, secure, and low-cost peer-to-peer transactions without the need for intermediaries. DeFi, built on blockchain, replicates traditional financial services without relying on banks, providing global accessibility, lower barriers, financial empowerment, reduced costs, privacy, security, and financial innovation. Despite challenges, these technologies have the potential to revolutionize finance, empowering individuals with financial autonomy and access to a borderless financial system, ultimately fostering a more inclusive and equitable financial landscape.
What is Cryptocurrency and Why is it Important?
Cryptocurrency is a revolutionary digital or virtual form of currency that utilizes cryptographic techniques to secure financial transactions and control the creation of new units. It is decentralized, meaning it is not controlled by any central authority, such as a government or a central bank, which sets it apart from traditional fiat currencies like the US dollar or the euro. Instead, cryptocurrencies rely on a technology called blockchain, a distributed ledger that records all transactions across a network of computers.
The emergence of cryptocurrency, spearheaded by the creation of Bitcoin in 2009 by an anonymous entity known as Satoshi Nakamoto, has ushered in a new era of financial innovation and digital commerce. Bitcoin was the first cryptocurrency and remains the most well-known and valuable, but it has since been joined by thousands of other cryptocurrencies, each with its own unique features and use cases. Ethereum, for instance, introduced the concept of smart contracts, allowing for self-executing agreements with no need for intermediaries.
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- Trading and Investment Strategies: Acquire essential skills for analyzing market trends, executing trades, and managing risks.
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U.S. Senator Thomas Carper astutely observed in 2013, “Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” Today, cryptocurrencies are arguably the hottest investment product currently available, but still somewhat of a geeky trend not understood by most people. And that is exactly why you should learn about it and consider investing in it.
LEOcoin is a new cryptocurrency that aims to be anonymous, secure, and user-friendly. It has several key advantages over other cryptocurrencies like Bitcoin, including true anonymity through advanced encryption, resistance to ASIC mining monopolization, and a hybrid proof-of-work and proof-of-stake system to reduce risks of attacks. LEOcoin transactions are very low cost, can be done globally very quickly, and require no specialized knowledge to use. The founders believe LEOcoin has the potential to become a leading global digital currency for entrepreneurs and individuals.
Cryptocurrencies are on the rise, and this trend isn’t going to slow down any time soon. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units.
Cryptocurrency such as Bitcoin has introduced a "quantum leap" in finance by providing a decentralized digital currency that operates independently of any central authority. The document discusses the history and fundamentals of cryptocurrency, how blockchain technology secures transactions, advantages like low costs and global access, challenges around regulations and volatility, and emerging trends driving further innovation such as decentralized finance. The quantum leap in cryptocurrency has potential for significant impacts such as increased financial inclusion, reduced costs of international payments, and bringing greater transparency to financial systems.
This document provides an overview of cryptocurrency, including what it is, how it works, opportunities and challenges. Cryptocurrency uses cryptography and blockchain technology for security. It allows decentralized transactions without government control. While offering advantages like lower fees and privacy, cryptocurrency also faces challenges such as volatility, regulation, and limited acceptance. The future of cryptocurrency depends on continued adoption and overcoming remaining hurdles.
The document discusses the benefits of exercise for both physical and mental health. It notes that regular exercise can reduce the risk of diseases like heart disease and diabetes, improve mood, and reduce stress and anxiety levels. The document recommends that adults get at least 150 minutes of moderate exercise or 75 minutes of vigorous exercise per week to gain these benefits.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
2. Envisioning is an independent research
foundation based in Brasil.
Our global team of academics, hackers and
designers study technology to understand
accelerating change.
We share our work with our own tools,
methodology and design.
3. This briefing on the future of money is the
first in a series of explorations on the future
of global systems; including industries,
sectors and economies.
Starting our research on the technology of
money is a matter of timing: we believe an
industry-toppling, government -shifting,
sector-disrupting revolution is underway.
Think Napster, but bigger. Much bigger.
http://www.flickr.com/photos/peasap/935756569/
4. Indeed, hiding in plain sight, money is a
technology. As a human invention, it is no different
than passports, agriculture or space flight, and
like networks and computers, it obeys the same
accelerating laws ( ).
From beads to gold, it has changed shape, and
from changing hands to routing data, the transfer
of money has accelerated, expanded & multiplied.
Today, this ancient technology is transforming
society’s concept of power and how it is held.
http://www.flickr.com/photos/stuckincustoms/5896504098/
5. While governments are facing coalescing
citizens and the financial industry
is perpetually covering its ass. Yet,
technologies and their communities have
flourished as digitized money flows freely
through their networks.
Internet-born currencies, network-only
banks and HFT algorithms have become free
agents operating at breakneck speeds with
no regard to existing laws or powers.
The playing field is not just leveling, it is
changing.
http://www.flickr.com/photos/zigazou76/6970321441/
6. Our fractured financial landscape shows no sign of
moving toward more order.
In the following pages, we identify individual
technologies that are shifting power between
long-siloed entities of institutions, networks and
individuals.
http://www.flickr.com/photos/spyker3292/5555247954/
7. These power shifts are well underway.
Banks and governments know they are losing
their grip on customers and citizens.
Technology shows no sign of slowing down.
This leaves us perpetually future-shocked, trying
to grapple with narrower slices of understanding.
This is our attempt to explain what is happening.
http://www.flickr.com/photos/polubeda/4271425107/
8. fall of fiat
The future of money looks nothing like its past. Handling money
today feels like faxing when you could be texting: it works, but is a
mind-boggling, convoluted and antiquated process.
Banks create scarcity by centralizing money. This scarcity is
artificial.
A wealth of startups and communities are working around the
limitations of money-as-a-system by developing technology-backed
alternative currencies. Reputation systems, attention economies,
digital currencies are all inventive solutions to measure value in
decentralized economies.
With the notable exception of cryptocurrencies, virtually all existing
currency systems are the result of a shared belief in the currency
system itself. Some systems claim their value through fiat (Euro),
others through commodity (silver), but they all share a single,
centralized belief, be it in the future prosperity of the EU, or the
utility of silver.
Decentralized currency systems have the freedom of being entirely
unpredictable and detached from convention. Bitcoins and their
value are derived over time from a computational mathematical
function. Ripple creates financial capital from a monetary honor
system. The future of decentralized currency is fast, unpredictable
and ruthless.
8
9. 5
ATTENTION ECONOMIES
With the internet’s persistence,
the attention of an individual
is becoming a scarce and
increasingly valuable
commodity. When attention
is paid, spent, given, taken
– or transacted – it becomes
influence, which then develops
as capital. Social media has
developed the first mechanisms
for quantifying it – tweets, likes,
comments, reblogs, etc.
1
Reputation Economies
The reputation of an individual
or an institution can be easily
measured and assessed online.
As the network, in the form of
social media, provides more
opportunities for individual
influence through comments,
reviews and likes, it provides
more context, cause and
character for decision-making.
This creates accountability and
transparency and ultimately
drives individuals and
institutions to be good.
Timebanking
Timebanking is a means of exchange used
to organise people and organisations around
a purpose, where time is the principal
currency. For every hour participants
‘deposit’ in a timebank, perhaps by giving
practical help and support to others, they
are able to ‘withdraw’ equivalent support in
time when they themselves are in need. In
each case the participant decides what they
can offer. Everyone’s time is equal, so one
hour of my time is equal to one hour of your
time, irrespective of whatever we choose
to exchange. Because timebanks are just
systems of exchange, they can be used in an
almost endless variety of settings.
Klout
Klout measures individual influence based
on the ability to drive action across the social
web. Any person can connect their social
network accounts and Klout will generate
a score out of 100. Klout also provides
people with opportunities to shape and be
recognized for their influence.
envi.si/14pPz7D
envi.si/17LJzrH
More than 25% of Generation Y reported high interest in a hypothetical
infomediary who would manage consumers digital identity and footprints
envi.si/1a2s9xk
9
10. Bondsy
Bondsy is a smartphone
application for friends
to trade things you can’t
put a price on. When you
aren’t forced to pay with
money, things get a lot
more interesting. You
are more comfortable
transacting with friends.
It’s important to highlight:
everything is private
on Bondsy. Pricetags
are freeform, so you
can ask for anything in
return. When you want
something, tap ‘Grab’ and
make an offer.
2
Peer-to-Peer Economies
Peer-to-peer economies
occur when the production,
transaction and consumption
of goods happen between
individuals, not companies.
Peer-to-peer economies are
not new, but the internet has
allowed more people to connect
and trade, leading to an
expansion of currencies (time,
attention, resources, influence)
and the platforms through
which they are traded.
envi.si/168wPgN
New Rules for the New Economy (1998)
Wired founder Kevin Kelly spoke about the future value
of connectivity at a time most pundits still debated
whether the internet would ever take off.
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10
11. 3
Digital Currencies
In a normal banking system, the
value of money is chipped away by
several middlemen before it gets
to the end user. Digital currencies
are powered by the network – they
are decentralised and peer-to-peer,
making them powerfully frictionless.
Cryptocurrencies rely on cryptography
and a proof-of-work scheme (‘mining’
by using supercomputers to decipher
hashed algorithms). They are
generally capped and have no inflation
to maintain scarcity and value.
Identified by cryptographic keys,
with an open-source client where
transactions must be verified by the
whole, the movement and growth of
cryptocurrencies are fully transparent,
traceable and anonymous.
Butterfly Labs received over 20.000
pre-orders for their dedicated Bitcoin miner
envi.si/1bsD4OP
Namecoin
Ven Currency
Ven is a digital
social currency
used to share, buy,
sell and trade in
the world of Hub
Culture and beyond.
The value of Ven
floats against other
currencies and the
price is based on a
basket of currencies,
commodities and
carbon futures.
Namecoin is a peer-topeer generic name/value
datastore system based
on Bitcoin technology.
It allows you to securely
register and transfer
arbitrary names, no
possible censorship, attach
values to the names (up to
1023 bytes) and trade and
transact namecoins, the
digital currency NMC.
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11
12.
13. Bitcoin
Rethinking Money (2013)
Bernard Lietaer and Jacqui Dunne explore the origins
of our current monetary system, built on bank debt and
scarcity to paint an alternative picture of how we could
improve our existing implementations.
Bitcoin is the first practical
implementation of a cryptocurrency.
Though more than half of all Bitcoins
have already been mined since its
creation in 2009, it will take until 2140
for the last one to be found.
envi.si/19qTutM
envi.si/16oflOx
Mt.Gox
Mt.Gox is the world’s largest Bitcoin exchange, handling
a majority by volume of currency exchanges involving the
cryptocurrency Bitcoin. Mt.Gox was established in 2009
as a trading card exchange, but rebranded itself in 2010 as
a Bitcoin business and quickly became a dominant player
in the field of Bitcoin exchanges.
envi.si/1dndAUM
13
14. 4
Decentralized currencies
With the notable exception of
cryptocurrencies, virtually all
existing currency systems are
the result of a shared belief
in the currency system itself.
Some systems claim their value
through fiat (Euro), others
through commodity (silver),
but they all share a single,
centralized belief, be it in the
future prosperity of the EU, or
the utility of silver.
Decentralized currency systems
have the freedom of being
entirely unpredictable and
detached from convention.
Bitcoin value is derived from
a computational mathematical
function over time. Ripple
creates financial capital from a
monetary honor system based
on existing trust between social
network users. The future of
decentralized currency is fast,
unpredictable and ruthless.
The End Of Money (2012)
David Wolman cleverly describes a future where
cash is rapidly disappearing as well as the
technologies that are prone to take its place.
envi.si/1eotUYl
Lamassu
LiteCoin
Bitcoin ATM. Insert cash,
get Bitcoins. Accepts notes
from over 200 countries.
Bitcoins are so often viewed as an
electronic gold with Litecoins be seen as
silver. It was now time to be seen. Fact is,
the electronic currencies in recent years
are coming in strong. The total value of
the crypto-currency is currently at 38
million U.S. dollars. Litecoins eliminate
several shortcomings of Bitcoins: The
authentication time a payment is only
two and a half minutes – about a quarter
of the average response time of the
Bitcoin network. The mining algorithm
is Scrypt, so users can use standard
PC hardware to mining. And the total
volume of all Litecoin ever available is 84
million, which represents a four-fold the
maximum volume of Bitcoin.
envi.si/16qp0Dm
envi.si/1cYkke7
14
15. Share these findings with
esteemed colleagues & sworn enemies
We see a rapidly accelerating world and want to empower influencers from all sides to join the conversation.
envi.si/fom-tweet
envi.si/fom-fb
envi.si/fom-linked
envi.si/fom-email
16. banking
as a layer
Computers were conceived as mainframes but morphed into
laptops, desktops, smartphones and tablets within a generation.
Financial technology is still tethered to its past.
Fintech needs to let go if they want to compete with the network.
Emerging technologies are handing banking powers to networked
individuals – they can leverage funds collectively and manage their
finances intelligently.
Sharing personal financial information with third-party services in
a secure, selective and predictable manner will enable customers
to play a more active role in their managing of money. Digital
money will be conceived as a system of deeply interconnected and
interdependent agents, open to anyone or anything.
The future of fintech is horizontal, not vertical. Platforms,
not mainframes. Porous interfaces, not monolithic surfaces.
Empowering, not controlling. Small (personal) data, not only big
(collective) data.
16
17. 22
Banking APIs
Application Programming Interfaces specify how
software components interact with each other,
and in banking, it allows third-party applications
to connect to the consumer’s account. Combining
technology, design and user-experience principles,
new banking applications can remove complexity
and offer simple – yet powerful and intuitive –
products and services. These can range from
support for the visually impaired, to creating
dialogue around transactions, to personal financial
management packages. Ultimately, this gives
consumers greater engagement and command of
their financial life.
The Open Bank Project
GoCardless
GoCardless is a UK-based service that
allows smaller merchants to easily set up
interbank transfers for customers.
envi.si/162Dh5A
62% of surveyed
bank customers
say they prefer
online banking
envi.si/16J7Mjz
The Open Bank Project
is an open source API
and App store for banks
that empowers financial
institutions to securely
and rapidly enhance their
digital offerings using an
ecosystem of 3rd party
applications and services.
envi.si/1d4c9dD
17
18. 21
Online-Only Banks
A model conceived in the mid90s for lower operational costs.
This enables higher interest
rates, lower fees and minimum
requirements. Based online, they
can problem-solve and innovate
easily with technology – deposits
are done via smartphone photos
and customer service is available
immediately through online
chatting. This model will prevail
over traditional banking.
40% of surveyed customers claim they
would eventually outsource personal
finances to a digital assistant
envi.si/18sJhIH
Holvi
Holvi replaces your bank
account with a service that
offers a smart checking account
for group activities. The
account and budget is shared
by your whole team, offering
full transparency. Full bank
payments can be made, both
in and out. Uniquely a very
wide range of information can
be attached to all payments.
This means accounting and
money management happens
completely automatically.
Finally, you can easily collect
money to support your activity.
Simple (formerly Bank Simple)
is creating a better interface for
banking through the web and
mobile apps. In partnership
with financial institutions
which will hold the actual
deposits, Simple is focusing
on improving customer
experience and simplifying the
banking process by unifying all
accounts into one, accessible
through a bank card.
envi.si/19glsEW
envi.si/14uQzaH
Simple
18
19. Mint
Mint.com is a free online personal finance service. It
automatically pulls bank, credit card, mortgage, loan and
investment transactions from over 7,500 US financial
institutions daily — giving users an up-to-date view of their
money with no data entry, import or synching required. It
categorizes all transactions, showing users how much they
spend on gas, groceries, restaurants, and more; their bank,
credit card and investment account balances; the amount of
interest they’re earning/paying, etc.
Moven
envi.si/19gl7lB
Moven is a mobile
money service that
helps you spend, save,
and live smarter. You
can load, transfer,
spend, and track your
money using your
mobile device. Its
tools provide you with
instant feedback on
your transactions and
spending patterns.
Check (formerly Pageonce) is an award-winning app that stays
on top of your bills & money for you, so you never miss a bill
or get hit with overdraft & late fees again. Just set it up once
and the app goes work – proactively staying on top of your bills
and monitoring your bank accounts and credit cards, all in one
place. When bills are due or funds are low, the app will let you
know so you’re never caught off guard.
envi.si/1d4kD4x
envi.si/18sAbvq
Check
20
Open Data Analytics
As technology enables
more real-time access
to more data, there is
more opportunity for
analysis and improved
decision-making. A raft
of applications have
emerged to evaluate
transaction patterns,
anticipate outcomes,
refine goals and monitor
progress. Individuals
will be able to measure
themselves against large
swaths of the population
and have a clearer
understanding of their
position. Soon, personal
finance decisions,
especially those relating
to income, spending
and debt, will only be
made by first consulting
applications.
19
20. 18
Service-Driven Automation
The rise of online banking
platforms has opened up a new
world of financial management
services. Technology has put
automation and control into the
consumers’ hands, enabling them
to program, monitor, verify and
manage their financial profile to
a precise degree. One example:
if my income is above X this
month, transfer Y% of X to my
savings account. It can also
include credit monitoring, fraud
detection, synchronized billing
and invoicing, push notifications.
Bank 3.0 (2013)
Brett King looks at the trends
redefining financial services and
payments, from mobile-only banks
to post-scarcity economies.
envi.si/1eotYY4
Stride
Stripe is the easiest way to accept credit and debit card payments online. With
Stripe, you can create exactly the payment experience you want in your website
or mobile app, and we handle everything from security to daily transfers to your
bank account. Stripe is a simple, developer-friendly way to accept payments
online. They believe that enabling transactions on the web is a problem rooted in
code, not finance, and they want to help put more websites in business.
Stride is a fresh take on sales tracking.
Traditional Customer Relationship
Management (CRM) systems are complex,
clunky and built for full-time salespeople.
Stride strips the sales process down to its
essence, making it accessible to the everyday
user. With clean deal tracking and high-level
metrics, Stride shifts the focus to simplicity.
envi.si/16E47aB
envi.si/13WHPhU
Stripe
20
21. 19
Open-source investment Algorithms
Most investment algorithms are
proprietary and managed by large
investment firms. Following the
volatility of the financial markets and
loss of confidence in its institutions,
there has been a rise in platforms to
drive open-source algorithms. Built by a
community, are constantly adapting and
evolving. They provide opportunities for
traders to develop algorithms for their
own needs, and quickly test
new ideas in investments.
Quantopian
Quantopian is building the world’s first
algorithmic trading platform in your
browser. It’s a tools and support give
quants what they need to learn, create,
test, trade – and reap the benefits of
quantitative finance for themselves.
envi.si/13WQl0j
Abundance (2012)
Futurist Peter Diamandis and science
writer Steven Kotler present an appealing future
where exponentially growing technologies
conspire to better the lives of billions and
redefine the nature of money.
envi.si/15o4Mvh
21
22.
23.
24.
25. Fund us with dollars or likes
We’re a quickly growing foundation with big plans.
With your support, we can focus on envisioning the future of technology.
envisioning.io/donate/
facebook.com/envisioningtech/
26. accelerating
transactions
Who are you? In order to make a transaction from an account,
your identity must be verified. This technology is accelerating and
becoming objective.
Vendors and bank tellers once asked personal questions and
eyeballed handwritten signatures or 2x4 photos before moving
money. Now, with single sign-ons, biometrics and intelligent
hardware, you can be verified with a few keystrokes, the tap of a
smartphone or a scan of your fingerprint. By accessing data at the
speed of light, identification and transactions are nearly frictionless.
As networks take on the job of identification, their increasingly
sophisticated algorithms will offer unprecedented accuracy and
objectivity. This means more security and less fraud.
26
27. Biometric Identification
11
Developments like Square and
PayPal readers have added
1.2 million new businesses
over the past year to the card
firms’ list of merchants
Economist envi.si/1d4vqfe
Biometrics, such as fingerprints,
can be used to identify the user
and authorize the transfer of funds.
Often, the system uses two-factor
authentication, in which the finger
scan is followed by typing in a PIN
(personal ID number) as usual. This
provides unprecedented security
and frees users from carrying
identification.
Paytango
Offers a point-of-sale
fingerprint reader for
customers. They create
an account linking their
fingerprint with their cards
and PIN. At the POS, they
just press their fingers on
the reader to authenticate.
This takes less than 6
seconds.
Nymi
Nymi is a bracelet that uses your unique cardiac rhythm to
authenticate your identity. It will provide interaction with
other devices as a token of authenticity. Opening doors,
unlocking phones, inputting passwords, etc…
envi.si/19fmBMv
envi.si/14IB1Ec
27
28. 10
Contactless Payments
Near field communication (NFC),
location and scanning technologies
on smartphones are powering
contactless in-store transactions.
A customer can scan a 2D barcode,
tap their phone on a NFC machine,
or check in with a nearby merchant
to authorize transactions from
linked accounts. This streamlines
payment systems, reduces
infrastructure and lowers costs.
6
Single Sign-On
Single sign-on allows a user to log
in once and gain access to multiple
software systems at once. This
reduces the fatigue, time spent and
support needed from managing
different username and password
combinations, and could turn into an
universal protocol that relinquishes
passwords or pins.
The Ghost
of Bitcoin
Polygon’s Charlie
Hall sets out on a
journey to uncover
the elusive (or
pseudonymous)
Satoshi Nakamoto
in an attempt to
explain the past,
present and
future of Bitcoin.
envi.si/18gsSKC
Google Wallet
Google Wallet is a virtual wallet that stores
payment information securely and makes
paying fast both in-store and online. With
Google Wallet, users can store credit,
loyalty, and gift cards and make payments
through MasterCard PayPass.
envi.si/13i7zqD
28
29. 8
Location as a Layer
A smartphone’s location capabilities
can power verification and
transactions. For example, a
smartphone can be used to verify
the location of a user making a
transaction. This can provide
context and increased security for
customers – action can be taken
immediately if a purchase occurs
in England, but your smartphone
puts you in Brazil. Further, a
location services can check you into
registered locations, and transactions
can be made after you give the
merchant your name.
7
Mobile Credit Card Readers
A hardware add-on for smartphones
that uses their internet connection
to enable credit card processing.
As an alternative to traditional
credit card authorisation, this offers
institutions, big or small, more
independence and a smaller setup
cost for payment systems.
Square
Square is a solution for both
merchants and consumers to
pay and charge for products
and services using their
mobile devices. It allows
customers to set up a tab and
pay for their order simply with
their name using a stored
credit, debit, or gift card.
The app supports manually
entering the card details or
swiping the card through the
Square Reader. It also serves
as a full point-of-sale system
for businesses to accept
payments, manage items,
and share menu and location
information.
envi.si/168R1PL
29
30. 9
Digital Wallets
Software wallets today already do
more than their leather counterparts;
they are streamlining transactions,
and moving a host of new currencies
and economies. Smartphones can
use scanning technology to scan 2D
barcodes, NFC components to make
payments, and location services to
develop relationships with nearby
merchants. Expect a crop of apps and
services that let you store, synchronize,
track and share the contents of your
wallet across devices, and let you pay
in a multitude of units from Google
Credits, Canadian Cryptodollars to
Facebook shares.
Square’s annualized rate of processed
transactions is now up to $5 billion ,
up from $4 billion a month ago
Chirpify
Uniqul
Uniqul is a provider of
world’s first face recognition
payment system. Customers
don’t need phone or wallet
to pay in the store: just
being there enough. Uniqul
is world’s fastest payment
system. They are effectively
reducing time spent on
retail payments from
present day 30 seconds to
nearly 0 seconds.
Chirpify turns replies and
comments into cash, enabling
businesses and consumers
to buy, sell, donate, fundraise
and pay in-stream on social
media. These are social,
device agnostic, frictionless,
in-stream, one step payments.
By removing all frictions
of a traditional payments
or e-commerce system,
Chirpify transforms social
platforms from broadcast to
transactional.
envi.si/13i6OOl
envi.si/168PRns
Gigaom – News On Tech & Startups envi.si/15AWCL0
30
31. The Currency Cloud
The Currency Cloud
platform leverages the
cloud to provide access
to a multitude of payment
networks, exchange rate
providers, comprehensive
administration, and
automation for a payment’s
lifecycle – from pricing and
beneficiary management,
through execution and
receipt to settlement and
reporting.
envi.si/13WK0SG
Two-thirds of
the adult kenyan
population
Balanced Payments
Balanced is the
first payment
system designed for
marketplaces from the
ground up. We provide
a feature-rich, fully
integrated API that
allows marketplaces to
charge cards, escrow
funds, deposit next
day via ACH direct,
and collect their own
marketplace fees.
envi.si/16O3OIs
is using mobilemoney services,
mainly to transfer
money to family
members or business
partners in distant
locations, but
increasingly
for bill payments
and small loans.”
Globe and Mail
envi.si/1cyNmRc
31
32. Dwolla is on track to process over
$1 billion for 250,000 consumers
and businesses in 2013
envi.si/178mMeO
Lemon
Lemon helps you
spend smarter. It
turns the smartphones
into a digital wallet
that organizes and
stores IDs, credit
cards, loyalty cards,
receipts, coupons and
more, so can access
what you need more
conveniently, and are
always backed up in
case your wallet is lost
or stolen.
Dwolla
Google is rolling out a feature in Gmail that lets you
attach money in emails or chats. Using Google Wallet,
a new button ($) in the Gmail compose window will
allow you to easily send money as a gift or repayment.
Dwolla provides a free
web-based software
platform which allows
users to send, receive,
and request funds from
any other user. Dwolla’s
maximum transaction
cost is 25 cents per
transaction.
envi.si/1cLrlxR
envi.si/16LUxjm
Emailing money
envi.si/19gnvZD
32
33. Tap our network of experts,
hackers & thinkers to work with you
Envisioning concentrates researchers around several sectors and industries.
Find domain experts, technology developers & design thinkers to assist in your projects.
tapthenetwork@envisioning.zendesk.com
37. Fund the research that
will shape your industry
Technology is relentless.
Organizations, individuals, networks, – join with us to understand it.
We welcome like-minded organizations to partner in understanding futures.
futureresearch@envisioning.zendesk.com
38. leveraging
crowds
Standing on the shoulders of technology, networked
individuals can organize themselves around possibilities
invisible and unreachable to institutions. These networks
can look like chaotic swarms, but are intrinsically
interdependent and infinitely more sophisticated than any
systems diagram would have you believe.
Platforms provided by the internet have enabled the
exchange of resources, from the digital to the physical, and
allowed us to nurture new economies. With sustainability,
utility and community in mind, there has been a decisive
shift from consumption and the concept of wealth has
expanded. It’s more about cause, than cash.
38
39. 17
Collaborative Consumption
Powered by network technologies
and peer communities,
collaborative consumption is
a new economic model geared
toward developing access, not
ownership. Through online
platforms, consumers are able
to lend, swap, barter, share
and gift products on an
unprecedented scale. Massive
networks for social lending,
car sharing and peer-to-peer
travel have already established
themselves as major economic
forces for sustainability.
WIRED on the future
of money (2010)
Daniel Roth’s seminal
piece of the flexible,
frictionless and (almost)
free future of money.
envi.si/16ofAt5
Zipcar
An online platform for individuals, generally
private parties, to rent unoccupied living space
and other short-term lodging to guests. Listings
include private rooms, entire apartments, castles,
boats, private islands and other properties.
A carsharing company providing
automobile reservations to its
members, billable by the hour or day.
Members can reserve Zipcars online
or by phone at anytime, immediately
or up to a year in advance. Zipcar
members have automated access to
Zipcars using an access card which
works with the car’s technology to
unlock the door, where the keys are
already located inside.
envi.si/16gKOUx
envi.si/13i8B5L
AirBnB
39
40. 15
Crowdsourced Financial
Decision Management
A pool of individuals can be
solicited for support on financial
decisions regarding a project or
company. These individuals are
usually related in some way to
the project or company, either as
investors, consultants or founders.
StockTwits
Forbes estimates the revenue
flowing through the share economy
directly into people’s wallets will
surpass $3.5 billion this year,
with growth exceeding 25%
envi.si/168XFWk
StockTwits is a social, stock
micro-blogging service.
StockTwits is an open,
community-powered idea
and information service
for investments. Users can
eavesdrop on traders and
investors, or contribute to
the conversation and build
their reputation as savvy
market wizards. The service
takes financial related data
and structures it by stock,
user, reputation, etc.
Stockr is a social
media platform for the
financial world that
connects investors
directly to the people
and companies they
want to follow.
envi.si/18sRZqe
envi.si/168VnGu
Stockr
40
41. 12
Upstart
Mike Merril
A 30-year-old part-time
entrepreneur named Mike Merrill
decided to sell himself on the open
market. He divided himself into
100,000 shares and set an initial
public offering price of $1 a share.
Each share would earn a potential
return on profits he made outside
of his day job as a customer
service rep at a small Portland,
Oregon, software company.
envi.si/18IbyLg
Upstart lets a person
monetize their future
potential. They can raise
money today in exchange
for a small share of their
income for either 5 or 10
years. Their backers are
investing in them, not
their idea or business.
Backers can invest in
increments of $100.
They share some of your
upside, but payments are
capped regardless of your
success.
envi.si/14gQ74h
People as Investments
As accomplishments can be
clearly measured, people,
like companies, can position
themselves as investments.
By measuring their potential
through data, statistics and
algorithms, individuals can
raise money in exchange for
a small share of their future
income. Instead of focusing
on investments for a specific
project, they can fund an array of
ventures, which enables a more
holistic approach to innovation.
Lending Club, one of the leading
P2P money lending platforms
recently surpassed USD 1 billion
in personal loans
envi.si/1cLaHhY
41
42. 13
Microfinance
Microfinance is a broad category of
banking services made available to
small businesses and entrepreneurs
who otherwise have no real access
to it due to high associated costs.
It can include microcredit, savings
and fund transfers and is seen
to a powerful tool for economic
development. With peer-to-peer
platforms, the internet has expanded
access to microcredit, linking
wealthier investors to developing
communities and making funds more
readily available by bypassing usual
banking intermediaries.
Flattr
Flattr is a microdonation
system. Users are able to
pay a small amount every
month (minimum 2 euros)
and then click Flattr buttons
on sites to share the money
they paid among those
sites, comparable to an Like
button with money on top.
envi.si/1a2Hlua
Adults under 35 are the most digitally savvy and therefore the most
likely to have participated in sharing or renting online rather than owning
Kiva M-Pesa
A non-profit organization that
allows people to lend money
via the internet to people in
developing countries through
Kiva’s field partners. These
partners can be microfinance
institutions, social businesses,
schools or non-profit
organizations. Kiva includes
personal stories of each person
who needs a loan because they
want their lenders to connect
with their entrepreneurs on a
human level.
envi.si/17ncT98
envi.si/1a2IJwV
42
43. Zopa
Cumplo.cl
Cumplo is a platform that connects
people and companies that have
funds to invest (Investors) with
other people or companies that need
a Consumer Credit (Applicants).
envi.si/13ymjMN
Meet the
future of
branded
currency
Paul KempRobertson walks
us through a
new generation
of currency
and the the
non-bank future
of currencies.
envi.si/15o5DvG
Zopa is a P2P money lending service
that allows lenders and borrowers to deal
directly with one another, cutting out the
banks who act as middlemen.
envi.si/13yor7g
Covestor
Covestor allows you to compare
and select a diverse group of money
managers, financial advisers, and
experienced investors.
covestor.com/
43
44. Zopa expects to lend £100 million this year, up from £60 million last year
envi.si/19rbNyU
14
Intention Economy
Proposed by Doc Searls,
the intention economy is a
recourse from the familiar
mass market economy,
where, for most part,
sellers set the prices, and
are in charge. Rather than
having vendors blindly
guess what consumers
want, consumers should
directly signal their
intentions to the market.
Vendors who match the
individual’s terms will
forge efficient, close-knit
relationships and survive
with real customer loyalty.
Queremos
TaskRabbit
Queremos is a
groundbreaking
format that gets fans
directly involved in
the process of making
a concert happen
using crowdfunding.
TaskRabbit is an online and mobile marketplace that
allows users to outsource small jobs and tasks to
others in their neighborhood. Users name the task they
need done, name the price they are willing to pay, and
a network of pre-approved TaskRabbits bid to complete
the job. It was founded by Leah Busque in 2008 and
has received $37.5 million in funding.
envi.si/1d0Pdhc
envi.si/16EaACr
44
45. 16
Crowdfunding
Crowdfunding draws
on the power of crowds
and networks to solicit
investments, usually
in small amounts, for
particular projects. It
is a departure from the
traditional model of
investment, which relies
on a select investor or
firm. Though not a new
concept, the internet
and its platforms has
expanded and accelerated
funding to extraordinary
degree. Beyond providing
more access to resources
crowdfunding, reduces
costs, increases
engagement, shifts
mindsets on organizational
possibilities and empowers
small endeavors. It has
launched artists, powered
political campaigns,
provided disaster
relief, pushed software
development, championed
citizen journalism, fueled
scientific research, and
supported civic projects.
EuSocio
Is a virtual environment that brings entrepreneurs and
investors, allowing to do online collective investment
(equity crowdfunding) in micro enterprises and small
businesses based in Brazil.
envi.si/168WMx1
Kickstarter
A company that provides tools
to raise funds for creative
projects via crowd funding
through its website. People
cannot invest in Kickstarter
projects to make money. They
can only back projects in
exchange for a tangible reward
or one-of-a-kind experience,
like a personal note of thanks,
custom T-shirts, dinner with
an author, or initial production
run of a new product.
Gust provides the global platform for the sourcing and
management of early-stage investments. Gust enables
skilled entrepreneurs to collaborate with the smartest
investors by virtually supporting all aspects of the
investment relationship, from initial pitch to successful exit.
envi.si/14uZicL
envi.si/16O8wFU
Gust
45
46. Zidisha
Zidisha is the only peer-to-peer lending service
to connect individual lenders directly with
microfinance borrowers in low-income countries.
It is based on the conviction that small-scale
entrepreneurs in developing countries are capable
of interacting responsibly with peer-to-peer lenders
via a self-regulating web platform, without needing
local intermediaries to communicate and manage
loan transactions on their behalf.
envi.si/1cyQnRN
@petervan
Peter Vander Auwera from
SWIFT’s Innotribe provides
an insightful stream of
daily fintech links.
envi.si/15YzAz7
Wonga
Wonga.com provides small, short-term
cash advances to UK consumers online.
The company uses sophisticated risk and
decisioning technology to make automated
yet responsible lending decisions.
envi.si/14IDzT4
Join the conversation
Please note that this very much a briefing,
and by no means an exhaustive list of the
technologies and services on the market.
We’re eager to involve our readers! Please
email us to contribute.
team@envisioning.io
46
47. Curious but confused?
We are available to present an in-depth explanation of key report findings
at conference keynotes or executive corporate briefings.
presentations@envisioning.zendesk.com
48. what
happens next?
The interesting thing about money, is that it is a technology,
a system and an abstraction.
To be established, it needs to be defined, measured and accepted by
more than one party. With this, its power lies in its mutability, or the
many shapes it can take in the human experience.
As today’s individuals become more networked, new systems emerge,
the concept of value becomes elastic.
The innovations identified in this brief – Bitcoin, AirBnb, PayTango,
Quantopian, etc., – are all results of a rapidly connecting society.
As the definition of money becomes more expansive, we are not only
creating more wealth, but creating more opportunities for people to
contribute and benefit from communities. This means massive shifts in
power and paradigms.
Having had held the financial system for centuries, slow-moving
institutions – banks, governments, industries – are now poised for
transformation. By moving from siloed products to interoperable
platforms, static structures to networked systems and thinking
exponentially, they have a chance of playing a role in these new
economies.
48
49. Your support in downloading and reading
our research goes directly towards building
an ever-improving foundation for the future,
and for that we are deeply thankful.
This report represents small steps towards
a long conversation between us and those
who plan, build, implement and strategize
future technology. We will always strive
to explain our singular perspective of
technological change in order to maximize
potential positive impact on the future.
If you want to be part of the conversation,
please email us: mz@envisioning.io
Michell Zappa
50. WHO WE ARE
ARTHUR SOARES
CINTIA FERREIRA
ERIN GELD
RESEARCH, CODE, DESIGN
PROJECTS, PHOTOS
EDITING, RESEARCH
Design strategist, technology
enthusiast and amateur cyclist.
Otaku of all things. Spends too
much time on reddit.
A product designer passionate about
photography, music, gastronomy and
feminism. With a great admiration for
technological trends, graduate of
from the best online agencies and in
charge of operations at Envisioning.
Erin reads everything -- books,
networks, closed captions, cities,
long articles, classrooms, faces,
beautiful things. She holds a
bachelor’s in English from
Cornell and a masters’ in
teaching from Columbia.
EVELYN LEINE
THIARA CAVADAS
THOMAZ REZENDE
MICHELL ZAPPA
DESIGN, LAYOUT
RESEARCH, METHODOLOGY
DESIGN, INFOGRAPHICS
DESIGN, RESEARCH, METHODOLOGY
Graphic Designer, Working with
editorial design and exploring content
for mobile devices. Music, weird,
walk, people, little things, authentic,
movement, faith and sunset.
Knowledge hunter. From classical
anthropology to cutting-edge
methodologies, passing through
communication, semiotic, gastronomy and my latest obsession,
technological trends: I just want to
understand it all.
Thomaz is an architect but always
preferred to build in the digital
world. Infographic design, interactive
design, programming, motion
design and graphic design are his
main skills.
Founder and executive director of Envisioning. Tinkerer,
thinker, builder, breaker, designer, hacker and related to
the other Zappa.
Born in Stockholm & raised around the world (currently
in São Paulo). Sci-fi fan, photo buff, music lover, future
shocked & loving it.
Perpetually fascinated by tech and how it shapes society.
He sees technology sprawling out of control and believes
that given the right framework and tools, technological
evolution can explained in predictable terms.
Believes Envisioning to be vessel for achieving this vision,
and that the better we question the fundamental nature of
technology, the better of an understanding and more
control we will have over the future of humanity.
51. THANK YOU
A heartfelt
thank-you to
those who helped
us see the
research through
Marcos Barreto
Marcus Breekweg
Henry Mason
Michaela Barnes
Alvaro Silva
Kosta Peric
Jennifer Sertl
Steffen Christensen
Josh Calder
Bradley Leimer
Monica Zappa
Daniel Gusev
Reinier Evers
Fabio Madia
Gabriel Levinho
Berend-Jan Hilberts
Lukas Praml
Peter Vander Auwera
Isabella Mulholland