If only there was a crystal ball
There’s an argument going around that if blockchain existed in 2008, Lehman Brothers would still be around today. It goes something like this: the Lehman bankruptcy came from an inability to foresee unusual trends in market trading and divergences from the norm, and the data mining made available with blockchain tech would have given Lehman the ability to see trends as they happened and therefore plan ahead. No effin’ way, says this Forbes opinion piece.
Peace! What is it good for?
Global consensus on peace may never come, but throw some money at a problem and suddenly, there’s agreement. The Financial Stability Board gathered around a fire in Tokyo on Thursday and quickly came to terms on categorizing fintech and assessing its risks. Several soundbites came from major players in that board, including one saying the tipping point for disruption for banks had already come in China and isn’t far off in Europe and the United States.