DigitalFutures is an independent strategic business development and investment advisory service. We bring to bear many decades of consulting and executive management to the world of distributed collaboration software, business process optimization, blockchain, mobile media and entertainment, communications and financial technologies fuelling the growth of the digital economy.
Digital technologies and adaptive skill sets are the key drivers of a distributed global digital economy. DigitalFutures expertise was accumulated working internationally, in government, NGO, corporate and start-up environments, innovating and building leadership skills to deliver technologies and services with high growth potential in global markets.
DigitalFutures is passionate about creating sustainable futures in which everyone can participate equitably and fairly, and with respect for our environment.
Canada’s Blockchain Evolution!
DigitalFutures is providing an overview of the fast evolvingFinTech, Bitcoin and Blockchain Canada landscape and how the ecosystem is providingopportunitiesfor innovation, startups and investors across all sectors on November 17, 2016 at the Mars Auditorium, Toronto, Canada.
Bitcoin, the first application of blockchain technology, is an innovative payment network and a new kind of money. It uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls it and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
The FinTechBook: Fintech + Digital Currency - Convergence or Collision?
Manie is a contributing author of the first crowdsourced on the global FinTech ecosystem – The FintechBook: A front-line industry insider’s look at the financial technology explosion. The FinTechBook is an Amazon bestseller.
In just two short years cryptocurrency has grown from a hobby project to a multi-billion dollar global digital finance industry. With new competing alternatives and technology advancing beyond simple currency-based payments to all manner of value exchange, financial instruments, smart contracts and blockchain based distributed ledgers, everyone is waking up to the fact that Bitcoin was just the beginning.
Arriving just in time for the great convergence of mobile payments, digital branchless banking and digital-value exchange, Bitcoin, alternative currencies, and digital finance innovations promise a major disruption of global finance.
Originally an outlier technology, the business of Bitcoin, and its broader digital money applications, has now grabbed the attention of all major financial institutions, consumer technologies and regulators all over the world. We will explore the tension between decentralization versus the ‘new channels to market’ play of the various incumbents.
The Bitcoin proposition: In his seminal paper ‘A peer-to-peer electronic cash system; dated November 2008, Satoshi Nakamoto envisaged ‘A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.’
From this simple premise the bitcoin phenomenon has grown in scope (1.5 million current users) and size ($3.4bn market cap) to grab the attention of media headlines worldwide thanks to the infamous MtGox and Silk Road debacles. Bankers and regulators still quote these two factors as the specific reasons that they don’t ‘trust’ bitcoin, confusing business malpractice with the legitimate applications of a highly disruptive financial innovation.
But what is unstoppable is the convergence of two major fintech sectors with that of bitcoin and newer digital currency and blockchain based technologies — the crossroads where Digital Banking and Mobile Transactions meet the Cryptocurrency Protocol(s). Will this be as natural convergence or a collision? What are the implications, opportunities and challenges for fintech startups, entrepreneurs and investors; and established legacy players alike?
Global Blockchain Summit in Shanghai: “Uniting the Networks” of Blockchain Technology
DigitalFutures attended the second Global Blockchain Summit and International Blockchain Week in Shanghai that took place from September 19-24, 2016.
Sponsored principally by Microsoft, one of the event slogans is “uniting the networks” and it seems that the event at the Hyatt on the Bund in Shanghai, Sept. 19-24 attracted companies and organizations from around the world.
A Global Effort to Unite the Blockchain Community
“Hyperledger intends to be a global effort and so working with the China blockchain community is very important to us. I’ll be talking about the goals and progress of the Hyperledger project at the conference, but I really intend to be in listening in conversation mode, to see what more we can do to collaborate with the China blockchain community and industry.”
Strategic Alliance Formed to Speed Up Adoption of Blockchain Technology in China
The Chinese government has organized a special government-industry working group to ensure that Chinese industry presents a concrete plan of action at the Summit outlining how best to go forward to promote the development and adoption of blockchain technology.
The three-way strategic alliance among the Chinese government, ChinaLedger and the Shenzhen Consortium forms an unprecedented organized force, mandated to grow China’s blockchain industry and propel it forward on a global level.Wanxiang Blockchain Labs, Ant Financial, Webank, Universal Holdings, Ping An Insurance and Micro Focus Bank are among the companies involved.
The Ministry of Industry and Information Technology Software Services Division representative, Director Xie Shaofeng, says that the world is in a new “technological revolution” and blockchain technology and “its application has universal significance in promoting economic and social development.” He calls on all players in government and industry to “pool the wisdom of collaborative innovation.”
The working group will identify significant trends both in China and abroad, decide which key technologies and applications should be developed, identify cyber-security concerns and look at possible government regulations and standard-setting for the blockchain industry.
In an effort to organize research on the “developing trend of blockchain technology and its application,” the Department of Information and Software Service, an agency of the Ministry of Industry and Information Technology, has issued a letter delegating the task to the China Electronics Standardization Institute, an agency of the Ministry of Industry and Information Technology.
FinTech + Blockchain: A fast growing global industry
A recent survey by Greenwich Associates estimates that financial and technology markets investments in blockchain technology will reach $1 billion in 2016. The survey showed that venture capital backed investment in blockchain and bitcoin companies jumped from $3 million in 2011 to $474 million in 2015.
The blockchain’s distributed ledger is a significant innovation that could transform almost every aspect of commerce and information management. Leveraging distributed ledger technologies is shaping a host of new services and applications.
The FinTech revolution is affecting the whole financial sector. Emerging financial technologies are challenging the traditional models of banking, trade and investment, and information technologies creating many points of convergence and potential collision for the incumbents.
Digital currencies and asset value exchanges are the new media for the storage and transmission of value through a variety of mobile and online platforms creating greater liquidity and fluidity for the digital economy.
DigitalFutures offers consultation, business development and advisory services in FinTech, Blockchain, AltFinance and the Digital Economy, and facilitates engagements with private, national and international trading and investment partners, VCs and angel investors; and crowdfunding, mergers and acquisitions opportunities.
DigitalFutures coordinates and organizes interdisciplinary research such as in fintech futures and related technological and social issues, to provide advice on a diverse range of policy issues and products through the use of specialized knowledge and the activation of its networks.
DigitalFutures harnesses its network of senior executives, entrepreneurs, investors, academics and government leaders to host events bringing together ventures, business opportunities, trade and investments in FinTech, digital finance, AltFinance, RegTech, digital currencies and blockchain technologies.
DigitalFutures executives speak at leading digital economy, investment management, IT, mobile media, BPO, FinTech, bitcoin and blockchain events advancing the progress of new ideas, innovations and applications, and adaptive leadership futures and entrepreneurial skills.
Key sectors that the distributed ledger (blockchain), related tokenization (e.g. for digital currency applications) and smart contracts applications will address are: Government-to-government (G2G) verification and validation of assets and data related to finance,...read more