4 Years Ago

Jonny Fry Posted

4 Years Ago |
How Blockchain technology can help organisations’ ESG credentials

 

Environmental Social Corporate Governance (ESG) is becoming an ever-increasing topic for organisations as we see legislation regarding it being introduced, as well as asset managers demanding that the companies in which they invest have ESG as a requirement within the core of their business. Indeed, we are increasingly seeing companies announcing initiatives to reduce their carbon footprint as part of their broader ESG commitments, setting aside capital. For example, Unilever has announced that it has set up a €1billion fund to help meet its climate change pledges. The fund is proposing to look...


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Jonny Fry Posted

4 Years Ago |
Does it matter that the cost of using Ethereum continues to rise?

2 min video about the rising cost of Gas on the Ethereum Blockchain — https://youtu.be/MIMCpguL8Iw

The cost of using the Ethereum Blockchain i.e. the cost of Gas has been increasing and potentially according to Vitalik is undermining the security of the Ethereum Blockchain.

Ethereum has many ways has been a victim of its own success as many of the ICOs and STOs have been launched on the Ethereum Blockchain and as these organisations start to gather adoption, they are creating demand to use the Ethereum Blockchain and therefore the gas price.

There surely has to be...


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Jonny Fry Posted

4 Years Ago |
Can anonymous data and/or credit card spending help prevent the worst from the next pandemic?

 
The cost of zoonotic epidemics is inordinate, with the International Monetary Fund predicting that COVID-19 alone will cause the global economy to contract by 3% in 2020, wiping out $9 trillion in productivity through 2021. Yet, even in the two decades before the present pandemic, the World Bank estimated direct costs from zoonotic diseases to be more than $100 billion.

COVID-19 is the first global pandemic arriving in an era when nearly the entire population can be tracked in real time, thanks to the ubiquity of smartphones...


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Jonny Fry Posted

4 Years Ago |
Digital asset infrastructure in USA takes a significant step forward

2 min video about how the US treasury are embracing crypto currencies and telling American banks that they ought to be offering custody services for cryptos — https://youtu.be/FAF-LVOX8aQ

The Office of the Comptroller of the Currency (OCC), regulates, and supervises US banks and federal savings associations as well as federal branches and agencies of foreign banks. It was established in 1863 OCC is an independent division of the U.S. Treasury.
Banks can now offer custody services to crypto currencies.
“From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of...


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Jonny Fry Posted

4 Years Ago |
Malta — an offshore financial centre concerns over AML is, under the regulatory spotlight

2 min video about concerns over Malta’s AML standards https://youtu.be/vlpeD8E-4pQ


Malta was seen a Crypto friendly jurisdiction and thus attracted organisations looking to launch crypto projects a few years ago and it was claimed to be the first country to pass laws to regulate Crypto currencies.
It has a population of 450,000 enjoys corporation tax of 15% for foreign companies and numerous double taxation agreements, it was even possible to buy a Maltese passport thus gaining entry to the EU which it has been a member for since 2004.
However, will Malta...


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Jonny Fry Posted

4 Years Ago |
Why should tax payers pay off citizens debt?

2 min video looking at the unintended consequences of governments giving m money to it citizens — https://youtu.be/e_tQtkpAiF8

As they say; “it is easy to spend someone else money” and that is what governments have been doing and i n doing so have caused some potentially unintended consequences.

The UK government introduced furloughing i.e. paying workers to stay at home due to the covid-19 pandemic at an estimated cost of £14 billion a month

However, partly due to lockdown restrictions of not being able to go to the local rub a dub dub ( pub) restaurant or hairdresser,...


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Jonny Fry Posted

4 Years Ago |
Have we fallen out of love with money?

2min video looking at why increasingly we are no longer using cash….-https://youtu.be/oXgvgRoBl7w

20% of Brits have been washing their money and the Chinese destroyed $85+ billion due to Covid-19 While in American shops are running out of coins
Even the new governor Andrew Baily of the conservative Old Lady at Threadneedle Street otherwise known as the Bank of England is opening talking about CBDC
The French, Dutch, Italian, Germans are all calling for a Digital Euro
Covid-19 has sped up many central banks to seriously look at Digital currencies meanwhile we now have over 200 stablecoins and the...


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Jonny Fry Posted

4 Years Ago |
New Green Bank for UK

@ min video about UK proposed new Green Bank which could help create £100 billion for the renewables sector and 300,000 jobs — https://youtu.be/oXgvgRoBl7w

The UK set up a Green bank in 2012 only to then sell it 5 years later to Macquarie bank from Australia and barely made a profit.
It did however help the renewable sector in the UK as the London School of Economics claims that for every £1 the Green Bank invested £3 was invested by the private sector.
Research carried out in Germany found it now takes 2.5 years in Northern Europe and 1.5 years in Southern...


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Jonny Fry Posted

4 Years Ago |
Blockchains coming to California.


Blockchain Working Group (BWG) is a group of government officials from the Golden state of California in the USA have just released a report into how Blockchain’s could potentially be used by state Government and its citizens. Three initial suggestions that BWG has suggested where Blockchain technology could be used are: The Department of Vehicles — to hold data about vehicles history from manufacture to being scrapped and also creating a database of driver’s details. The Department of Food and Agriculture — to track and trace food from farms so consumers are able to have provenance and officials are able to...


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Jonny Fry Posted

4 Years Ago |

Covid 19 is driving change in business

2 min video looking at how business is changing and has been impacted by Covid-19 — https://www.linkedin.com/posts/jonnyfry_covid-19-is-driving-change-in-business-activity-6688360060378222592-HIe6

The companies listed on the S&P 500 Index have been included on average for 22 years, down from 61 years in 1958 so it would seem that the pace of change is quickening.

Before COVID-19 because of the transformational impact of digitisation, 92% of companies thought their business models would need to change. The pace of change has been dramatically seen in the financial services sector with reports of 35% of customers have increased their use of on-line banking.Visa saw 13...


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Jonny Fry Posted

4 Years Ago |
The $1quadrillion derivatives market turning to Blockchains

2 Min video about arguably the biggest asset class DERIVATIVES and how Blockchain technology is impacting on them — https://youtu.be/Z0bROpgLGN8

Founded in 2015 Clearmatics is the technology partner that has been selected by Fnality which has been working with a number of institutions and Central banks to create five stablecoins linked to £, Yen, Euro Canadian $ and US$.
Fnality was previously called Universal Stable Coin and BIS has called it a wholesale stabelcoin
Built on the private version of the Ethereum Blockchain called Autonity.
Fnality this time last year raised $62+million from 14 different banks
Fnality is similar to the...


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5 Years Ago

Jonny Fry Posted

5 Years Ago |
Ethereum will it sink or swim? 

2 min video on the outlook of Ethereum — https://youtu.be/4MxULRhY37E


Ethereum has a major challenge on its hands, the price of its gas. Ethereum gas is the fees that users have to pay in order to use the Ethereum blockchain and as the popularity of the Ethereum blockchain increases so has the cost of processing a transaction risen too. It could be argued that Ethereum has become a victim of its own success in that the vast majority of Initial Coin offerings (ICOs)were launched using the Ethereum blockchain. Apart from Ethereum itself, which is the second most valuable Crypto...


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Joined 7th February 2019