NCFA Blockchain Fintech CONFIDENTIAL (Vol 1, Issue 1)
The National Crowdfunding & Fintech Association of Canada (NCFA) and exclusive Title Partner of the 4th VanFUNDING conference held in downtown Vancouver Nov 29-30, 2018, TODA Network, are proud to present select content in an inaugural pop-up digital magazine format. This year’s theme, CONVERGE, immerses participants and builds bridges across the most disruptive emerging technologies, capital market innovations and key stakeholders that are powering new global markets, new decentralized models, new forms of computer intelligence, new IP, new infrastructure and new alternative investment opportunities toward the vision of a Web 3.0. The world is undergoing unprecedented change that is already affecting our daily lives — how we interact with financial services, generate digital wealth, invest, evaluate, consume, vote, store, transfer, and purchase anything of value. Blockchain’s momentum is not slowing down anytime soon and its capabilities for revolutionizing the financial industry go beyond merely eliminating the “middleman” to harnessing the power to improve fraud detection, transparency and trust, and enhance financial management, change the nature of money and encourage financial inclusivity. The potential is limitless. While blockchain technology has shown immense potential to push us closer towards a utopian financial world, the global penetration of [this technology] is less than 0.2 per cent. While individuals should remain cautious about fraudulent businesses that have arisen from people looking to cash in on the hype, the next wave of blockchain adoption and utilization will be like a tsunami, [where] you can partake in what's yet to be the most disruptive technology in human history or ignore it and get disrupted. We’d like to thank all the partners, speakers, attendees, volunteers and the entire organizing team for coming together to make VF2018 an incredible experience. Congratulations to Symend, Very Good Butchers and MOCA Estimator and for winning the pitching competition. We wish you all great success! The commercialization of emerging technologies is a journey, not a sprint. With this in mind, we encourage you to converge with us in volume 1, issue 1 of ‘Blockchain Fintech CONFIDENTIAL’ and step inside the future of blockchain, fintech, AI and alternative investing.
The National Crowdfunding & Fintech Association of Canada (NCFA) and exclusive Title Partner of the 4th VanFUNDING conference held in downtown Vancouver Nov 29-30, 2018, TODA Network, are proud to present select content in an inaugural pop-up digital magazine format.
This year’s theme, CONVERGE, immerses participants and builds bridges across the most disruptive emerging technologies, capital market innovations and key stakeholders that are powering new global markets, new decentralized models, new forms of computer intelligence, new IP, new infrastructure and new alternative investment opportunities toward the vision of a Web 3.0.
The world is undergoing unprecedented change that is already affecting our daily lives — how we interact with financial services, generate digital wealth, invest, evaluate, consume, vote, store, transfer, and purchase anything of value.
Blockchain’s momentum is not slowing down anytime soon and its capabilities for revolutionizing the financial industry go beyond merely eliminating the “middleman” to harnessing the power to improve fraud detection, transparency and trust, and enhance financial management, change the nature of money and encourage financial inclusivity. The potential is limitless.
While blockchain technology has shown immense potential to push us closer towards a utopian financial world, the global penetration of [this technology] is less than 0.2 per cent. While individuals should remain cautious about fraudulent businesses that have arisen from people looking to cash in on the hype, the next wave of blockchain adoption and utilization will be like a tsunami, [where] you can partake in what's yet to be the most disruptive technology in human history or ignore it and get disrupted.
We’d like to thank all the partners, speakers, attendees, volunteers and the entire organizing team for coming together to make VF2018 an incredible experience. Congratulations to Symend, Very Good Butchers and MOCA Estimator and for winning the pitching competition. We wish you all great success!
The commercialization of emerging technologies is a journey, not a sprint. With this in mind, we encourage you to converge with us in volume 1, issue 1 of ‘Blockchain Fintech CONFIDENTIAL’ and step inside the future of blockchain, fintech, AI and alternative investing.
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An era of unprecedented technological change is changing finance, and<br />
capitalism more fundamentally. As a society we now expect a regular release<br />
of innovative new products – new versions and upgrades fix the issues of the<br />
past, and leaps in functionality challenge the status quo to provide exciting new<br />
business model opportunities.<br />
INSIDER VIEW<br />
Following the 2008-09 global financial crisis<br />
that eroded public confidence in existing<br />
institutions, thousands of fintech companies<br />
with financial oligopolies in their crosshairs<br />
offer innovative upgrades to open up<br />
and improve financial services for the next<br />
generation.<br />
Recently, open source blockchain<br />
technologies that cryptographically secure<br />
global transactions of cryptocurrencies such<br />
as bitcoin have delivered an effective parallel<br />
monetary system. Hundreds of potentially<br />
viable cryptocurrencies could be alternative<br />
forms of money. The programmability of<br />
smart contracts and tokens on Ethereum’s<br />
world computer public blockchain drives a<br />
vision of unstoppable, censorship-resistant<br />
applications on “Web 3.0” the successor to<br />
today’s centralized Web 2.0 – with secure<br />
value transfer built in. Web 3.0 has become a<br />
movement to decentralize ownership of the<br />
web as it was initially envisioned.<br />
Has blockchain impacted the important<br />
capital markets sector? 2017 saw the<br />
explosion of blockchain-based initial<br />
coin offerings to fund innovative projects<br />
seamlessly across borders, and venture<br />
capitalists became concerned their role as<br />
at risk. Investors around the world felt free<br />
to invest their cryptocurrency anywhere,<br />
essentially without restrictions. 2018<br />
brought regulatory scrutiny to a global<br />
tokenization movement and the industry<br />
responded with early regulatory-compliant<br />
token offerings but most served accredited<br />
investors. Regardless of the early size of<br />
the blockchain market, well-known issues<br />
with many fraudulent projects that skirted<br />
securities regulations, the potential changes<br />
at a macro level (see IMF Winds of Change)<br />
brought about by decentralized tokenization<br />
are so profoundly disruptive (Wikipedia) that<br />
they’re signalling a new form of capitalism --<br />
call it Capitalism 3.0.<br />
Will Capitalism 3.0 be accepted as a<br />
successful upgrade that can address the<br />
uncertainty and risks in today’s capital<br />
markets? Undoubtedly, entrenched<br />
interests, current processes, and regulations<br />
exist to preserve the status quo. To consider<br />
how transformative Capitalism 3.0 will be<br />
in the coming years, it can be useful to see<br />
the future through the lens of a software<br />
release that must deliver value to investors,<br />
governments, regulators and investors.<br />
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