Glacier Quarterly 3 - 2018
This issue of the Glacier Quarterly focuses on technology and its impact on our industry. We recently launched our first Artificial Intelligence fund – the Glacier AI Flexible Fund of Funds – which uses machine-learning technologies to address investors’ main concern, that of capital loss.
This issue of the Glacier Quarterly focuses on technology and its impact on our industry. We recently launched our first Artificial Intelligence fund – the Glacier AI Flexible Fund of Funds – which uses machine-learning technologies to address investors’ main concern, that of capital loss.
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(https://www.ccn.com/singaporestock-exchange-turns-to-blockchainfor-rapid-settlements/).<br />
Products such as Adhara (payments),<br />
Trustology (custody), DrumG (market<br />
data), uPort and Sovrin (identity)<br />
and many others are being tested,<br />
piloted and implemented. All of<br />
these run on blockchain networks<br />
and all have the advantages of a<br />
common, distributed, shared source<br />
of truth. These product teams aren’t<br />
being run by crypto enthusiasts, but<br />
by people who have decades of<br />
traditional banking and financial<br />
markets experience.<br />
The future<br />
The hype cycle around blockchain<br />
technology has probably peaked.<br />
The hard work has now begun. The<br />
promise of blockchain won’t be<br />
delivered in some glamorous<br />
idealistic way, but gradually and with<br />
effort. In the not-too-distant future,<br />
a cross-border payment won’t take<br />
two or three days, a payment to<br />
someone at a different bank won’t<br />
only show up tomorrow – they’ll all<br />
be near instant. You won’t need to<br />
produce a proof of identity or<br />
residence every time you interact<br />
with a financial institution. A simple,<br />
secure sharing of specific data from<br />
your blockchain identity will be<br />
enough.<br />
These simple, everyday processes<br />
will make life easier, with many projects<br />
under way to build financial systems<br />
that include people currently excluded<br />
from the digital financial world.<br />
Blockchain technology is here to<br />
stay. Soon we’ll all be buying pizzas<br />
using this great technology.<br />
The author can be contacted on<br />
monica.singer@consensys.net for<br />
more information.<br />
Monica Singer,<br />
Creator of Opportunities<br />
at ConsenSys<br />
19
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