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.
Entering into force today, the WTO’s Trade Facilitation Agreement is one to watch.
The ICC says ” – the first multilateral trade agreement to enter into force in over two decades – aims to make trade easier and simpler by cutting red-tape at borders.”
“Governments must work without delay to implement the provisions of the TFA working hand-in-hand with local businesses to identify key bottlenecks to trade across national borders.”, John Danilovich, ICC Secretary General
This week, we are delighted to have another guest post from Edward Hardy, Corporate Market Analyst of foreign exchange specialists World First.
Scaling up and crossing borders is no easy journey for any business, no matter its size or ambition. The process of navigating different regulatory landscapes should not be underestimated and can be costly if it is not done properly.