3 Years Ago

Jonny Fry Posted

3 Years Ago |
High street banks disappear as payment platforms offering digital and crypto services thrive

The bank manager who had for years been a pillar in the community and who was able to offer holistic financial advice to individuals and business has long disappeared. Some argue, so ought many of the banks that employed them. In the past, people had their wages paid to them in cash meaning that companies’ wages departments had to arrange for the banks to have sufficient notes and coins ready for their staff. Over the next few days, the cash often was then taken back and re-deposited...


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Jonny Fry Posted

3 Years Ago |
 NFTs help cash-strapped art galleries and museums to raise capital

We have had a great deal of feedback from readers asking for more tangible evidence of how Non-Fungible Tokens (NFTs) are being used in different ways, having highlighted last week that NFTs are being used to help raise capital for films. Well, the creative juices of those engaged with NFTs certainly seem on the rise, with several pulling off the dust sheets in their attics and local museums. The world famous Hermitage Museum in St Petersburg is looking at selling NFTs of some of its works of art to help raise...


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Jonny Fry Posted

3 Years Ago |
Token economics and the use of Blockchain technology is driving us to improve society’s ESG credentials

Environmental Social and Corporate Governance (ESG) is receiving more and more attention from investors and therefore boards of companies. However, as reported by Reuters, the fact that “PwC is planning to hire 100,000 over five years in major ESG push” serves to illustrate how important it believes ESG to be, and the work that needs to be carried out by PwC’s clients. PwC is looking to invest $12 billion in the next five years and recruit 100,000 new jobs. The focus for these new staff...


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Jonny Fry Posted

3 Years Ago |
Blockchains set to potentially assist in unlocking the advantages of open banking

Arguably, the first signs of automation in the banking sector were the introduction of what we call in the UK ‘cash point machines’ or, as the Americans say, automatic teller machines (ATMs). The first ATM to be installed in the UK was in 1967 and a couple of years later, in 1969, an ATM was opened at the Rockefeller Centre in New York City. So, it is rather ironic that, while cash dispensing ushered-in banking automation, we are now witnessing the decline in the use of cash and the...


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4 Years Ago

Jonny Fry Posted

4 Years Ago |
Digital payments and currencies: will the West be able to catch China?

It would seem, on the face of it, that many so-called sophisticated Western economies and their central bankers are juxtaposed to the way in which China is approaching digital currencies. The Chinese are continuing to roll out their own version of a Central Bank Digital Currency (CBDC) to cover a total of 10 cities, spanning 100 million people. According to Coinidol: “Over 200 vendors employed to hold the 2022 games began enabling digital payments conducted with the help of e-CNY. Among other items, the Chinese will be able to...


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Jonny Fry Posted

4 Years Ago |
How the healthcare sector is using Blockchain technology

 

“Blockchain technology has the potential to transform health care, placing the patient at the center of the health care ecosystem and increasing the security, privacy, and interoperability of health data. This technology could provide a new model for health information exchanges (HIE) by making electronic medical records more efficient, disintermediated, and secure. While it is not a panacea, this new, rapidly evolving field provides fertile ground for experimentation, investment, and proof-of-concept testing”.​

 

Wow, what an optimistic quote from Deloitte - but what is the reality? Is Blockchain simply another ‘buzz’ word being brandished about...


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Joined 7th February 2019