This weekly summary from our 7 experts, brings you insights based on their experience as investors, entrepreneurs & executives.
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Your Editor is Bernard Lunn. He is also the CEO of Daily Fintech and author of The Blockchain Economy and occasional opinion columnist.
Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Mercato Blockchain Corporation AG and Weekly Columnist at Daily Fintech) @iliashatzis wrote A great oracle is the one with the right data
In a world of decentralized apps, with $1 billion in assets actively pooled in DeFi protocols, there is a lot at stake and we cannot risk exposure to any grey or black swan events. Trust is of the utmost importance. At the heart of DeFi is the desire to automate the majority of tasks in the financial industry, cutting out the middlemen. To make it happen, DeFi uses Ethereum’s smart-contract powers. Smart contracts are lines of code that execute, when they are fed with data. But smart contracts aren’t as “smart” as they sound.
Editor note: Ilias examines why data trustworthiness in a decentralized system has been such a difficult problem to crack.
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Tuesday Efi Pylarinou @efipm our Swiss-based Fintech Adviser, founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019 wrote Real-time market data is still not consumed via the cloud
Stock Exchanges are data and software businesses. Nasdaq specifically, has had a significant software infrastructure business that provides technology solutions to over 100 organizations, like exchanges, clearinghouses, Central securities depositories, and regulators in over 50 countries.
This past week Nasdaq announced that they have partnered with AWS to offer real-time market data via the Cloud. So, why is this important in the 3rd decade of the 21st century?
Editor note: Efi looks at why “the misconception that real-time data is not so suitable for the Cloud and for those trading (but not HFT) has not been overcome.” Some recent moves by big players indicates that this may be about to change.
Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for week ending Tuesday 28 April 2020
Editor note: This weekly snapshot is the news that matters in the Stablecoin market.
Wednesday Jessica Ellerm @jessicaellerm, our Australia-based Fintech entrepreneur and thought leader specializing in Small Business and the Gig Economy & CEO/Co-Founder of Zuper, a new superannuation startup in Australia wrote Travel Credit Cards Are Dead. Will Fintech Invent What Comes Next?
For years the lure of certain credit cards has been their tie ups with frequent flyer programs. While most of us don’t like credit, for some the risk/reward trade-off for the odd free return trip and/or upgrade to business class is worth it.
But what happens when literally overnight, your credit card’s frequent flyer points become temporarily worthless?
Editor note: Payment Fintechs that can serve consumer needs post pandemic may finally break those credit card network rails, maybe using a stablecoin? Or maybe this is what Facebook will do with Libra?
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Thursday Patrick Kelahan @insuranceeleph1, our US based Insurtech expert (a CX, engineering & insurance professional, working with Insurers, Attorneys & Owners who also serves the insurance and Fintech world as the ‘Insurance Elephant’) wrote Economic reality sharpens future vision for insurance and pandemics
I have been writing about the potential and now actual insurance effects of COVID-19 since late February, and the discussion has evolved from what might be, to what is, to what is not, and to what is now how the industry must begin taking action on what might be for a next pandemic or other systemic risk.
It’s no longer sufficient to allow coverage gaps to exist for global-effect occurrences, even if another like outbreak may not occur for years or decades- the economic shock presented by being unprepared is simply too great.
Editor note: Pat issues a loud wake up call, in very specific terms, to Insurance leaders to get ready to serve customers better with BI Insurance in the next pandemic.
Thursday Bernard Lunn, CEO of Daily Fintech, author of The Blockchain Economy and occasional opinion columnist, wrote Interview with Christian Dreyer about how XBRL will change our world.
Editor note: XBRL is a much under-hyped technology so we sought the views of somebody who really understands the impact of this disruptive technology.
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Friday Sheldon Freedman, Fintech lawyer at Hassans International Law Firm
wrote: Security Token news for Week ending 1st May 2020
Editor note: This weekly snapshot is the news that matters in the Security Token market.
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Source: https://dailyfintech.com/2020/05/01/this-week-in-fintech-ending-1st-may-2020/
