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Archive for the ‘finance’ category: Page 6

Oct 25, 2019

Future Consequences of Cryptocurrency Use: Systemic Investigation of Two Scenarios

Posted by in categories: bitcoin, business, complex systems, counterterrorism, cryptocurrencies, cybercrime/malcode, disruptive technology, economics, education, employment, encryption, finance, futurism, governance, government, hacking, innovation, law enforcement, open access, policy, privacy, security, strategy, terrorism

We face complexity, ambiguity, and uncertainty about the future consequences of cryptocurrency use. There are doubts about the positive and negative impacts of the use of cryptocurrencies in the financial systems. In order to address better and deeper the contradictions and the consequences of the use of cryptocurrencies and also informing the key stakeholders about known and unknown emerging issues in new payment systems, we apply two helpful futures studies tools known as the “Future Wheel”, to identify the key factors, and “System Dynamics Conceptual Mapping”, to understand the relationships among such factors. Two key scenarios will be addressed. In on them, systemic feedback loops might be identified such as a) terrorism, the Achilles’ heel of the cryptocurrencies, b) hackers, the barrier against development, and c) information technology security professionals, a gap in the future job market. Also, in the other scenario, systemic feedback loops might be identified such as a) acceleration of technological entrepreneurship enabled by new payment systems, b) decentralization of financial ecosystem with some friction against it, c) blockchain and shift of banking business model, d) easy international payments triggering structural reforms, and e) the decline of the US and the end of dollar dominance in the global economy. In addition to the feedback loops, we can also identify chained links of consequences that impact productivity and economic growth on the one hand, and shift of energy sources and consumption on the other hand.

Watch the full length presentation at Victor V. Motti YouTube Channel

Oct 21, 2019

James Peyer at Ending Age-Related Diseases 2019

Posted by in categories: finance, life extension

We’re continuing to release talks from Ending Age-Related Diseases 2019, our highly successful two-day conference that featured talks from leading researchers and investors, bringing them together to discuss the future of aging and rejuvenation biotechnology.

James Peyer of Kronos BioVentures gave a talk about the investment aspects of rejuvenation biotechnology, first explaining the effects of the population pyramid, showing the audience why cures for age-related diseases are such a necessity, and comparing population projections. He explained the startup ecosystem in biotechnology, drug approval, and IPO prices for nascent biotechnology companies. Finally, he explained the financial issues facing startup biotechnology companies and his company’s role in helping these companies achieve their goals.

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Oct 16, 2019

A super-secure quantum internet just took another step closer to reality

Posted by in categories: finance, internet, quantum physics, satellites

Scientists have managed to send a record-breaking amount of data in quantum form, using a strange unit of quantum information called a qutrit.

The news: Quantum tech promises to allow data to be sent securely over long distances. Scientists have already shown it’s possible to transmit information both on land and via satellites using quantum bits, or qubits. Now physicists at the University of Science and Technology of China and the University of Vienna in Austria have found a way to ship even more data using something called quantum trits, or qutrits.

Qutrits? Oh, come on, you’ve just made that up: Nope, they’re real. Conventional bits used to encode everything from financial records to YouTube videos are streams of electrical or photonic pulses than can represent either a 1 or a 0. Qubits, which are typically electrons or photons, can carry more information because they can be polarized in two directions at once, so they can represent both a 1 and a 0 at the same time. Qutrits, which can be polarized in three different dimensions simultaneously, can carry even more information. In theory, this can then be transmitted using quantum teleportation.

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Oct 16, 2019

This Malware Makes ATMs Spit Out All Their Money

Posted by in categories: cybercrime/malcode, economics, finance, law enforcement

Hackers equipped with black market software are targeting cash machines with dated software and substandard security and walking away with millions over the course of a series of attacks, according to a collaborative investigation by Motherboard and German newsroom Bayerischer Rundfunk. Though law enforcement agencies are tightlipped about the trend, it’s a sign that banks may be surprisingly vulnerable to cybercrime.


Other sources, granted anonymity by Motherboard, described the same trend: “There are attacks happening, but a lot of the time it’s not publicized,” said one.

Plug-And-Play

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Oct 12, 2019

America’s CFOs are bracing for a recession. They think it will strike before the 2020 election

Posted by in categories: business, economics, finance

America’s top finance chiefs are on high alert for a recession. For the first time in several years, economic uncertainty is now their lead concern, replacing worries about the difficulty of hiring and retaining talented workers.

Fifty-three percent of chief financial officers expect the United States to enter a recession prior to the 2020 presidential election, according to the Duke University/CFO Global Business Outlook survey released on Wednesday. And two-thirds predict a downturn by the end of next year.

Oct 10, 2019

France Set to Roll Out Nationwide Facial Recognition ID Program

Posted by in categories: finance, government, robotics/AI, security

With the move, France will join states around the world rushing to create “digital identities” to give citizens secure access to everything from their taxes and banks to social security and utility bills. Singapore uses facial recognition and has signed an accord to help the U.K. prepare its own ID system. India uses iris scans.


France is poised to become the first European country to use facial recognition technology to give citizens a secure digital identity — whether they want it or not.

Saying it wants to make the state more efficient, President Emmanuel Macron’s government is pushing through plans to roll out an ID program, dubbed Alicem, in November, earlier than an initial Christmas target. The country’s data regulator says the program breaches the European rule of consent and a privacy group is challenging it in France’s highest administrative court. It took a hacker just over an hour to break into a “secure” government messaging app this year, raising concerns about the state’s security standards.

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Oct 9, 2019

Financial services sector needs rewiring as digital assets gain greater institutional acceptance

Posted by in categories: economics, finance

Digital assets will only continue to grow. With clearer regulation coming in the near future, large financial institutions such as banks and asset managers will have the official ‘stamp of approval’ needed to participate in the market, driving tokenisation of existing asset classes and substantial capital inflows to the sector.


How investment in safekeeping technology will help determine the winners in Asia’s new token economy.

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Oct 6, 2019

International Co-operation to Ensure the Health of all the World’s Citizens

Posted by in categories: biotech/medical, finance, life extension

Ira Pastor, ideaXme longevity and aging ambassador and founder of Bioquark, interviews Ambassador Juan José Gómez Camacho, Mexico’s current Ambassador to Canada, and for the last 3 years, Mexico’s Permanent Representative of the United Nations in New York City.

Ira Pastor Comments:

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Oct 6, 2019

Bank employs AI-powered ‘digital DNA human’

Posted by in categories: biotech/medical, finance, robotics/AI

Bank employs AI-powered “digital DNA human”

Arab Banking Corporation (Bank ABC), in collaboration with New Zealand tech company, Soul Machines, has announced the launch of “Fatema” – a fully autonomous AI personality that will assist customers online.

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Oct 5, 2019

‘Goliath Is Winning’: The Biggest U.S. Banks Are Set to Automate Away 200,000 Jobs

Posted by in categories: employment, finance, robotics/AI

Over the next decade, U.S. banks, which are investing $150 billion in technology annually, will use automation to eliminate 200,000 jobs, thus facilitating “the greatest transfer from labor to capital” in the industry’s history. The call is coming from inside the house this time, too—both the projection and the quote come from a recent Wells Fargo report, whose lead author, Mike Mayo, told the Financial Times that he expects the industry to shed 10 percent of all of its jobs.

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