2017 Development Efficiency Finance 
Tom Spencer
APRIL 1, 2022
Blockchain technology is making a strong impact in the finance industry due to the fact that it enables decentralization and direct peer-to-peer transactions. Removing the financial intermediary, i.e. the bank, can increase convenience, efficiency, and security. Hackers with a deep understanding of the code managed to steal 3.6
Harvard Business
NOVEMBER 7, 2018
More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). Less noticed, though, is ICOs appear almost antithetical to the standard approach to financing a risky venture. In fact, ICOs have upended the conventional pattern of staged experimentation and fundraising.
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Harvard Business
APRIL 14, 2017
Even the near-term outlook has been quite negative: A 2016 report by the Organization for Economic Cooperation and Development (OECD) said 9% of jobs in the 21 countries that make up its membership could be automated. And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%.
Harvard Business
OCTOBER 31, 2017
They are subject to more rigorous stress testing by regulators and have to develop plans aimed at ensuring that they can recover from a crisis. Less apparent to the outside world is how much banks are also investing in controls, especially in their compliance, risk, and finance divisions.
Tom Spencer
JULY 6, 2019
The idea that technology can be configured to drastically improve the delivery and usability of finance began taking off following the financial crisis of 2008, when consumer distrust for traditional banks combined with the increasing popularity and functionality of smartphone apps. References: EY(2017) EY FinTech Adoption Report 2017.
Tom Spencer
JUNE 24, 2022
Governments, businesses, and individuals are developing new use cases for blockchain as barriers to adoption continue to decrease. Blockchain has already had a significant impact in the finance industry with the global cryptocurrency market cap now exceeding $1 trillion. In 2017, Protokol estimated that $1.2
Tom Spencer
OCTOBER 24, 2020
In 2017, initial coin offerings (ICOs) were also banned in China as a form of “public financing without approval”. CipherTrace, a crypto intelligence company, claims that it has developed a tool for tracking Monero transactions. Loss of privacy. Digital currency raises serious privacy concerns. Acts of God.
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