Recently, the UK’s Department of Work and Pensions (DWP) trialled the use of the blockchain to pay welfare benefits to the unemployed and disabled, and this raised privacy concerns. The scheme would see claimants receive and spend money using an application on their phones. And with their consent, their transactions are being recorded on a blockchain to aid financial management.
Recently we were tasked with designing a live blockchain pilot for a major industrial client outside of the Financial Services industry. This was an interesting project as it included educational, product development and practical software building aspects.
We might not be seeing a full-blown revolution to taxpaying in 2017, but notwithstanding we can envisage the full automation of tax remittance and easier compliance by means of the blockchain technology.
Die zunehmende Digitalisierung beeinträchtigt Geschäftsprozesse und Wertschöpfungsketten und die Wahrnehmung und die Interaktion mit unserer Umwelt Im Laufe der Jahrzehnte veränderte der technologische Fortschritt Produktangebot und Dynamiken in einzelnen Marktsegmenten. Mit zunehmender Datenverfügbarkeit, Datenverarbeitungsgeschwindigkeit und besserer Datenanalyse werden vermehrt traditionelle Wertschöpfungsketten in Frage gestellt. Die Digitalisierung verwischt die Abgrenzung von Marktsegmenten und das Rollenverständnis von…
The digitalisation of our life disrupts processes, business value chains and the way we perceive and interact with the world. Markets have developed over the decades and technological advances have been focused on changing products, subsequently impacting markets. The availability of data, speed of processing power and analytical abilities questions traditional value chains and economics.…
This blog looks at the definition of markets, which role technological advances play and how digitalisation is the catalyst for disintermediation, blurring established market boundaries.
Fintricity’s Financial Services and the Energy markets expert, Peter Kästel, will be presenting at this event in Frankfurt, Germany. Visit the Event Site “The Digital Convergence of Markets and Technologies” Thursday 24th November, 13.30-13.55 Conference Stream: Big Data & Analytics and The Internet of Things Theatre The digitalisation of our life disrupts processes, business value chains…
