The blockchain is the future of financial infrastructures. An ambitious look at how blockchain can reshape financial services.
The World Economic Forum has posted a PDF view of the Blockchain’s pragmatic impact upon global financial services. Its a very visual read to a great deal of research.
The key areas of focus are blockchain technologies that can push simplicity and efficiency. The opportunity to create new financial service infrastructure based upon high level information security.
The blockchain is looking to launch next generation financial services infrastructure. The report’s use case focus considers how blockchain technology can benefit multiple scenarios across future financial services.
When Melanie Swan’s book Blockchain: Blueprint for a New Economy written under the O’Reilly series was available I was eager to start reading. This is a thoughtful overview to the Blockchain. There is much to learn about the role of cryptocurrency and the blockchain but this is not the sole focus of her work.
Melanie, like Tapscott paints a wide brush across the Blockchain. Too similar to Tapscott perhaps? No. If the blockchain’s focus was just security then it would command a smaller, narrow focus on IT infrastructure. Yet Melanie provides a wider arena to learn how Blockchains especially in healthcare hold enormous possibilities.
William Mougayar’s new book The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology provides a blueprint overview that compliments Tapscott’s Blockchain Revolution previously reviewed. Mougayar is able to specifically touch on the Blockchain’s architecture. Tapscott painted with a wide brush addressing everything possible with the Blockchain’s decentralized trust solution. Mougayar moves slightly forward addressing v 3.0 aimed at audiences wider than banking. A key view is that Blockchain will not just be for the enterprise. This will create a new crypto economy. It will be interesting to watch this grow. Care to take a live look? Here is the blockchain.info site.
He views the blockchain will revolutionize the roles of existing financial intermediaries including PayPal. Blockchains will force change upon them. They can adapt or die like the dinosaurs. Blockchains will disrupt oldschool, imperial organizations as the trust boundary shifts value away from them after hundreds of years.
Banks are clearly the key target of the blockchain infrastructure. To no surprise even the Federal Reserve has been given a blockchain briefing in June. The focus byMougayar beyond another blockchain overview is a breakdown of trust, obstacles and challenges to the Blockchain technology. The issue is much stronger in the financial services marketplace as Wall Street and international banks are now testing blockchains. He touches briefly implementing Blockchain technologies and closes by pushing the message of decentralization as a key in moving forward. Continue reading “Latest Read: The Business Blockchain”
Blockchain as a financial technology (FitTech) surged in late 2015. Wall Street banks and other international financial firms stress tested this technology and are investing in blockchain infrastructure. Even Janet Yellen and The Federal Reserve received a blockchain briefing within June.
Tapscott paints with a wide brush across the underlying architecture. Looking for blockchain infrastructure, cryptocurrency or blockchain as a service than take a glance at the table of contents. O’Reilly’s Blockchain books are more targeted to tech folks anyway.
Hard to believe I have been a fan of Don’s writing for over 10 years. Just looked at my review of Wikinomics and MacroWikinomics, his previous books published way back in 2006. His follow up Macrowikinomics was released in 2008. It was interesting to me to understand Don lightly wrapped an element from Wikinomics called Ideagoras into The Blockchain Revolution. Sometimes you just cannot leave home….
Clearly FinTech sees the blockchain’s potential to disrupt their world. The focus for Tapscott is how to address Blockchain beyond Wall Street. The blockchain allows participants of public and private distributed systems to agree on a common view of a system and track changes across those systems with highly secure encryption. Security is also the core of healthcare blockchains with the focus on the crypto in cryptocurrency. Continue reading “Latest Read: The Blockchain Revolution”
Have been looking forward to Tom Davenport’s Keeping Up with the Quants: Your Guide to Understanding and Using Analytics for longer than I care to admit. I throughly enjoyed his book Competing on Analytics all the way back in 2008. His followup Big Data@Work provides the same scope for business regarding the emerging era of Big Data. Tom has truly mastered the role of business analytics for well over two decades. He is acknowledged as revealing the path of metrics and just as important how success can be defined by adopting a mindset of analytics over intuition. It should be no surprise that I am a big fan of Tom Davenport.
Seems like a lifetime ago in the competitive and fast changing world of analytics. Quantitative analysis with a side of regression is not a diner order but a key skill to identify patterns in data.
An easy read with great common sense approaches for leaders to understand and professionals to embrace it proves not only how business gains insights but how to defend Kobe Bryant.
In comparison to desktop digital 3D printers and CNC machines FarmBot extends the idea of X, Y, and Z directions and applies it to plows, seed injectors, water and sensors in order to accurately and efficiently grow plants and soil. I think that I would like to try this out in my own backyard. Continue reading “FarmBot: Opensource precision farming”
Glowforge has quickly emerged as the best Kickstarter campaign to introduce desktop laser cutting. The entry point of $2300. The Pro version with an Air Filter for $5,000 is actually the right configuration.
Glowforge uses subtractive rather than additive manufacturing. The device will carve objects out or burn designs into a number of materials.
Makers: The New Industrial Revolution is the best book hi-lighting the impact Makers have established over the last five years. The Maker movement is growing due to the collision of powerful digital tools, the internet of things and cost effective manufacturing. As a child I always wished for these advanced tools to bring to life my ideas, inventions and the toys my childhood friends would talk about and dream about making.
My ideas for creating art was always apart of my Saturday art classes at the Toledo Museum of Art. The drawings I kept of my inventions have all but disappeared.
This is where Makers: The New Industrial Revolution comes into focus for parents and educators today a generation later. What is making this possible? The industrial global supply chain has driven the cost of affordable powerful IoT including the new $5 Raspberry Pi Zero that will drive new innovations at incredibly efficient price points.
We should be careful at home because the world is embracing these technologies. Remember Anderson shares his belief that inventors and creative types are actually makers. Now this is happening on a truly global scale.
Browse a global map for your local 3D Printer hub location and drop by to see how they are participating in 3D Print Day to reveal local resources for digital manufacturing.
The main difference in each participating city is that the cities offer a different number of activities (most likely based on how active the community is and how many Hubs there are to host activities.)
But the idea of coordinating the same types of activities to run at the same time all around the world is definitely a testament to how much 3D printing technologies are growing in popularity and diversity of application.
In fact, London has planned is a great way to explain the template that many cities appear to be following for #3DPrintingDay. London 3D Hubs plans to honor Global #3DPrintingDay by showing people how 3D printing works tomorrow. This long day of 3D printing exhibitions includes 3D printing showcases and demonstrations throughout the day at various Hubs in London. For Londoners, this day will be jam packed with activities, according to Community Mayor Charlotte, so plan early and be ahead of the pack by reserving your spot now!
Similar events, planned throughout the world, all run from 12 am-12 am, providing a 24-hour day of 3D printing festivities in cities including: Kiev, Istanbul, Dublin, Lisbon, Milwaukee, Nairobi, Paris, Seattle, Taipei, Budapest, Cape Town, Zurich, and Buenos Aires.
Makers by Cory Doctorow is the fiction book about the Maker movement. Doctorow writes about two makers Perry and Lester who invent seashell robots that make toast or modified Elmo dolls that can drive a cars. The companies of Kodak and Duracell closed and their product inventories are absorbed by venture capitalists with a noted blogger along side writing the story of their new company.
The story goes kinda weird when Perry and Lester begin building interactive rides in abandoned Walmarts in the New World world.
But as they find success they suddenly find themselves on the defensive as a Disney executive plans an aggressive attack on the interactive rides by convincing police that Perry and Lester are actually using 3D printers manufacture AK-47s assault rifles. Kinda went off the deep end for me.
If you are looking for a better understanding of the Maker movement in general I would strongly suggest Chris Anderson’s book Maker The New Industrial Revolution as the best and most inspirational text to see how Makers are shaping the world around you.