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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Introducing Capitalism 3.0 (the<br />
“Tokenism” Release). Availability:<br />
2017 – 2025+<br />
Capitalism 3.0 (the “Tokenism” release) is<br />
a transformative global upgrade of the<br />
economic and social operating system<br />
that underpins western and developed<br />
civilizations. Capitalism 3.0 incorporates the<br />
latest secure, private exchange of value<br />
now made possible by Web 3.0 blockchain<br />
technologies, decentralization, tokenization<br />
and token economics.<br />
Capitalism (Wikipedia: Capitalism) very<br />
broadly is an economic and social operating<br />
system based on the private ownership of<br />
the means of production, their operation for<br />
profit, investment and competitive markets.<br />
Financial institutions, the nation-state<br />
governments who licence and regulate them,<br />
and stock exchanges support and maintain<br />
the current version of capitalism by providing<br />
valuable financial services to connect<br />
investors to business. Yet, capitalism is often<br />
blamed for increased inequality around<br />
the world, concentrating wealth and power<br />
amongst a very small number of companies<br />
and individuals, resulting in opaque financial<br />
instruments such as CDOs that caused the<br />
recent global financial crisis.<br />
Capitalism 3.0 follows the evolution of the<br />
Internet (i.e. the Web) which, at Web 1.0, was<br />
designed for the free flow of information.<br />
Capitalism 3.0 is designed to give all<br />
investors the kind of access normally<br />
afforded the wealthy investors with<br />
privileged access to early stage<br />
investment opportunities. Imagine<br />
retail investors with the freedom to<br />
buy and sell a share of any public or<br />
private company, from anywhere, and<br />
at virtually no cost.<br />
Web 2.0 architects then built advertisingbased<br />
business models for search,<br />
information sharing and commerce that<br />
centralized power and wealth in the hands<br />
of a few companies – including Google,<br />
Facebook, Amazon, Apple.<br />
<strong>Blockchain</strong> innovators are building Web<br />
3.0 infrastructure as a catalyst for the<br />
widespread adoption of Capitalism 3.0,<br />
challenging centralized power by permitting<br />
the free flow of capital, wealth and value<br />
without centralized intermediaries. With tens<br />
of thousands of developers globally, it’s no<br />
longer possible to dismiss the architects<br />
of Web 3.0 as cypherpunks and cryptoanarchists.<br />
Addressing capital markets, Capitalism<br />
3.0 not only has the potential to digitize<br />
and tokenize the market cap of the<br />
world’s publicly listed companies, valued<br />
at over 80T $USD (World Bank, 2017).<br />
Conservative estimates indicate hundreds<br />
of billions of dollars of financial services<br />
fees currently charged by intermediaries<br />
could be impacted. But as we’ve seen with<br />
ICOs, the wide-ranging impact extends<br />
to democratization of private company<br />
innovators who seek capital for startups and<br />
scaleups.<br />
What’s New in Capitalism 3.0:<br />
1. Tokenization: Tokenization is the<br />
digitization of any physical or digital asset<br />
into a cryptographic smart contract (a<br />
native blockchain program) referred to as<br />
a “token” or cryptoasset. Tokens can be<br />
programmed to behave as equity, debt, or<br />
payment tokens and are easily subdivided,<br />
resulting in fractional ownership out of<br />
the box. Cryptoassets are designed to be<br />
inherently transferable wallet-to-wallet,<br />
with immediate settlement using smart<br />
contracts with trustless atomic swaps<br />
that can behave as decentralized stock<br />
exchanges.<br />
2. Token Economics: Token economics are a<br />
combination of game theory and incentive<br />
mechanics designed to distribute value<br />
to the market participants who produce<br />
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