UK passes payment milestone as cards overtake cash as king
WHY THIS MATTERS IN BRIEF Cash has been with us for Millenia, however, slowly but surely its reign is coming to an end but the road to phase it out completely will be a long one   Over the past five years there has been a dramatic rise in... Read more
Stanford just built the world’s first Flash Organisation
WHY THIS MATTERS IN BRIEF With fully automated, and crowdsourced organisations already here the only type of organisation that noone seems to have been able to create yet is a Flash Organisation, but that could soon change   We’ve all heard about the rise of Distributed Autonomous Organisations (DAO), that... Read more
Australian researchers claim a blockchain record of 440,000 transactions per second
WHY THIS MATTERS IN BRIEF Blockchains relatively low transaction speeds could stop it from reaching its full potential, but now a research group from USYD claim to have smashed the performance barrier that could have held it back   Researchers at Australia’s University of Sydney (USYD) announced this week... Read more
China’s cashless future, PBoC gets ready to launch world’s first national cryptocurrency
WHY THIS MATTERS IN BRIEF The use of cash in society is falling and some of the world’s largest central banks are creating new cryptocurrencies and planning for a future without cash   China’s central bank has announced that it’s going digital, but while that shouldn’t be a surprise... Read more
A secret trader just made over $200 million in a month trading Ethereum
WHY THIS MATTERS IN BRIEF Many speculate that cryptocurrencies like Bitcoin and Ethereum are riding bubbles that are about to pop, but as the adoption of cryptocurrencies, by individuals, organisations and governments increases it’s likely they’re wrong   An unknown cryptocurrency trader turned $55 million of paper wealth into... Read more
World first as Chinese scientists teleport particles 300km into space
WHY THIS MATTERS IN BRIEF Teleportation is the ultimate sci-fi dream, and scientists are getting better at teleporting quantum particles further than ever before but teleporting real objects is still a long way away   Earlier this week Chinese scientists managed to teleport an object from Earth and into... Read more
The United Nations taps blockchain to solve world hunger
WHY THIS MATTERS IN BRIEF Hundreds of millions of people go hungry every night, and after a succesful pilot the UN thinks that blockchain could help them solve world hunger   Earlier this week United Nations (UN) World Food Programme (WFP) announced that 10,000 individuals had taken advantage of its trial to deliver food to... Read more
Apple’s becoming a bank by the back door
WHY THIS MATTERS IN BRIEF Increasingly Apple wants to be your wallet, your payment provider, and maybe one day your bank of choice, but if they do “become a bank” then it’s unlikely it’ll be like anything like we’ve ever seen before   It’s been rumoured for nearly five... Read more
Toyota ties up with blockchain startups to connect its world
WHY THIS MATTERS IN BRIEF Blockchain is one of the world’s most promising emerging technologies and it’s now finding its way into the automotive and transportation sectors   Just a few weeks after Ford officially ousted its CEO in order to make way for a new, more future focused... Read more
LTE meets WiFi as Intel, Ericsson, Nokia and Qualcomm fire up MulteFire
WHY THIS MATTERS IN BRIEF Licensed spectrum is expensive and it gets crowded quickly, now some of the world’s largest companies are banding together to create a new communications standard that combines the best of Wifi and LTE to create ultra fast, flexible networks   A consortium of wireless... Read more
DTCC wants to put hundreds of trillions of dollars of securities transactions on the blockchain
WHY THIS MATTERS IN BRIEF The Vice Chairman of the DTCC argues that a lack of standards is holding back blockchains adoption in the financial services industry, and he wants to change that   Last week Larry Thompson, the Vice Chairman of the US Depository Trust and Clearing Corporation... Read more
Facebook launches itself into developing brain reading tech
WHY THIS MATTERS IN BRIEF Mark Zuckerberg wants to create the world’s largest, and maybe only, telepathic network and he’s slowly pulling all the pieces together   As if Facebook wasn’t already pervasive enough in everyday life, with the total number of users reaching two billion people, the company’s... Read more
New blockchain tools are helping people reclaim control of their online identities
WHY THIS MATTERS IN BRIEF You lost control of your online information, and your online identity, almost a decade ago, but now companies are using new technologies to help you regain control of it   The Sovrin Foundation, a non profit organisation who’s building a range of online “Self-Sovereign Identity”... Read more
An AI hedge fund designed a cryptocurrency to open source Wall Street
WHY THIS MATTERS IN BRIEF The finance marketplace is unique in that, unlike the technology sector, it has little to no “network effect” but one entrepreneur is trying to change that   Wall Street is a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed... Read more
IBM and Hyperledger launch enterprise ready blockchain
WHY THIS MATTERS IN BRIEF Blockchain is quickly emerging as one of the world’s most disruptive technologies, and IBM wants everyone to have access to it   Following hot on the heels of announcing that it wants to be the first company to offer the world’s first universal “Quantum... Read more
Brain scan experiment detects guilt, opens the way for pre-crime tech
WHY THIS MATTERS IN BRIEF Being able to detect that someone feels guilty could be used to detect the likelihood of a crime happening, as well as assign blame after the event   Neuroscientists around the world have been trying to decipher the brain and all of its beautiful... Read more
Google DeepMind uses bitcoin like tech to track NHS patient data
WHY THIS MATTERS IN BRIEF Plagued by critics who accuse Google DeepMind of getting too much “free” access to NHS patient data, DeepMind’s new “bitcoin like” audit platform will let people know exactly how data is being accessed and used   Google’s AI powered health tech subsidiary, DeepMind Health, is planning... Read more
New brain research discovers people are great at predicting what’ll go viral
WHY THIS MATTERS IN BRIEF Why does anything go viral? Ask a million people and a million people will have a million different answers, but according to new research the real answer’s inside your head   I have to admit that as I read through the science behind this... Read more
Humans come up trumps as Facebook rolls out its solution for fake news
WHY THIS MATTERS IN BRIEF Fake news is now regarded as one of the most politically destabilising developments in recent years, Facebook’s new solution hopes to turn the tide on the fakers   Ironically, for all the amazing things that artificial intelligence (AI) can do, from running Wall Street... Read more
Walmart chases Amazon Go, will start trialling cashierless stores
WHY THIS MATTERS IN BRIEF The retail wars are hotting up and innovation is still many retailers weapon of choice, but as Walmart steps up the pressure on Amazon hopefully customers should be the winners   Following in the footsteps of its arch rival Amazon, Walmart has announced that it... Read more
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