Our previous blog post took a broad overview of business models, blockchain and trust. Today we take a look at business models and talk about LakeBanker. While they focus more on consumer financial services, many consumers are actually micro businesses, or “consumer+”. We see some interesting parallels to our work and we are delighted to be advising them.
Trust is hard to develop and can be lost in the blink of an eye. Without it, many business and finance relationships become prohibitively costly. Now blockchain and other new distributed ledger technologies (DLT) are proposing to reduce or even eliminate the need for trust. We argue in this short article series that to be valuable to customers, such projects cannot ignore the tremendous efficiency gained from trust in many situations.
In follow-up articles, we discuss the findings of the Imperial College London MSc consulting team 1. Their study revealed a very much nascent sector with projects of wildly differing levels of maturity. In another article, we look at LakeBanker, a project we are delighted to be advising. Their team is engaged in an ambitious approach to make better use of trust and data in finance with their flavour of Crowd Banking.
Are Skilled Professionals Really Safe from Robots? This was the topic of discussion at a panel session hosted at the Digital Catapult Centre in London last week, organised by Balliol Knowledge Networks 1. We look at some of the implications of regulatory technologies for the future of international trade.
EXPORTING will narrow our dangerously high trade gap – that’s the mantra. The UK Secretary of State for International Trade has admitted that the government’s goal to double exports to £1T by 2020 is going to be missed.
One reason for this is that smaller businesses do not have the tools, processes and resource necessary to trade compliantly and ultimately profitably – some only see risks in exploring outside their home market. Every international order in a new or existing market with a customer requires compliance to customs requirements, export controls, anti-fraud measures, 3rd party screening, etc.