Here’s a glimpse of our industry leaders that will provide insights into blockchain.
Follow #STinsights to join a #Tweetchat with leaders on “Unleashing blockchain for financial inclusion”. Tune in today at 4 PM CET to discuss the future of blockchain in financial inclusioninclusion industry. Add to calendar: https://t.co/wxVcfQSGlC pic.twitter.com/54dYHRwwkU— CIO Straight Talk (@CIOStraightTalk) May 20, 2022
Your Journey into the world of blockchain begins now. Here’s the first question!
Follow #STinsights to join a Twitter discussion with leaders on “Unleashing blockchain for financial inclusion.” Tune in at 4 PM CET today at https://t.co/Xbo5NbaMBd to join the #Tweetchat.@afigueiredo @dinisguarda @dhinchcliffe @jeremyalmond @PankajBikana @RahulSingh50 pic.twitter.com/QJxSHNeisc— CIO Straight Talk (@CIOStraightTalk) May 20, 2022
Q1: Blockchain is key to transform established institutions - Operations with lower transparency, higher cost and limited traceability is vulnerable to https://t.co/o3rvwhsW2r institutions already started their journey and other will ride the wave too. #STInsights #tweetchat— Pankaj Ojha 💭 (@PankajBikana) May 20, 2022
Q1 The great shifts - 30 yrs ago: Internet, 20: mobile, 10: cloud. Now: Blockchain is the new cloud.— Jeremy Almond (@jeremyalmond) May 20, 2022
This tech offer many advantages vs 'TradFi':
⚡ Faster settlement times
⬇️ Significantly lower tx fees
🔒 Built-in security & audit
= radically better economics.#STinsights pic.twitter.com/KUTfscgIRL
A1: #Blockchain can provide a compelling alternative to traditional centralized recordkeeping.— Dion Hinchcliffe (@dhinchcliffe) May 20, 2022
The #decentralized tech is leading to many innovations in finance, by creating secure, safe, and trusted chains of information.
A $1 trillion+ #DeFi industry has emerged.#STInsights https://t.co/94rdMD5HQa pic.twitter.com/1G2JRzWJVw
These were some really great insights into how blockchain has disrupted the financial service industry. Let’s move to the next question.
A1a Creating and exchanging value among members that don’t know each other, don’t trust each other and can transact without the need of intermediaries like bankers, brokers, lawyer is key on making #blockchain disruptive to #FinServ. @CIOStraightTalk #STinsights pic.twitter.com/RlaQvm5ycW— Antonio Figueiredo (@afigueiredo) May 20, 2022
Q2 #Immutability is the keystone which enables transformation. With this, trust is baked in to the system.. which then allows innovation on top of this source of truth, without undermining its integrity #STinsights @CIOStraightTalk @afigueiredo - would you agree? https://t.co/E7ppkQzqIG— Rahul Singh (@RahulSingh50) May 20, 2022
Q2: Blockchain has so much to offer :— Pankaj Ojha 💭 (@PankajBikana) May 20, 2022
. Protected by Secure Hash
. Distributed compute
It’s unleashing true potential of software, security and banking.#STinsights #tweetchat # OneHCL
Traditional finance has failed to reach everyone. How will blockchain bridge the gap?
A2: Cyber-resilience today requires:— Dion Hinchcliffe (@dhinchcliffe) May 20, 2022
- A risk governing effort
- Vigilant cyber-monitoring/threat detection
- Adaptive #cybersecurity based on #zerotrust
- Automated business continuity
- Regular external validation (white hats)#STinsights @CIOStraightTalk https://t.co/DV5igpezyV
Unleashing blockchain for financial— Dinis Guarda (@dinisguarda) May 20, 2022
I suggest #Rewards programs #education platforms using #tokenomics to create #digitalID #meritocracy
create simple #NFT certified #marketplaces to tackle inequality #trade digital solutions#STinsights @CIOStraightTalk
Q3: don’t need traditional bank accounts anymore; riding on tech/blockchain just a cellphone will suffice. Millions around the world in growing economies are taking advantage. #STinsights @CIOStraightTalk https://t.co/7yQ3HAthgm— Pankaj Ojha 💭 (@PankajBikana) May 20, 2022
1/2 #Decentralizedbanking will unlock the power of emerging markets faster than any traditional solution. This transformative potential rides on the back of minimized friction, reduced corruption, and increased trust with empowered users. #STinsights https://t.co/asZf80jpkc— Rahul Singh (@RahulSingh50) May 20, 2022
An inclusive and equitable economy is needed by all. Can blockchain achieve that?
A3 By executing transactions in a secure, automated and decentralized manner, intermediation costs when applying for a loan or sending a wire could be drastically reduced.— Antonio Figueiredo (@afigueiredo) May 20, 2022
The only way is to have institutions and companies to understand the power of the #4IR set of technologies how #blockchain works and adopt aligned strategies— Dinis Guarda (@dinisguarda) May 20, 2022
start working in collaborative ways.
Understand the paradigm #value #data systems#STinsights @CIOStraightTalk pic.twitter.com/6IH2nHVZg7
#Blockchain can help ensure government spending is transparent & accurate. With public spending accounts available 24/7, blockchain will help foster equitable & inclusive economic growth. #STinsights @CIOStraightTalk https://t.co/cPKzuWPTLd— Rahul Singh (@RahulSingh50) May 20, 2022
Our final question elaborates about the implications of digital economy on our future.
Q4 Open, transparent & immutable blockchains move us from a model of “dont be evil to cant be evil”— Jeremy Almond (@jeremyalmond) May 20, 2022
A system w/ less corruption + more economic freedom helps society at the root level:
⬆️ Womens rights
⬇️ War & corruption
⬇️ Environmental wrecking#STinsights pic.twitter.com/E5uaVOP4oA
A5: Implications for a #digitaleconomy in business + society:— Dion Hinchcliffe (@dhinchcliffe) May 20, 2022
- Fair markets w/ transparent info
- High choice
- 1:1 personalization
- Low barriers to new entrants (people, businesses)
- Realization of most potential
- Safety/#security#STinsights https://t.co/xv3pw1HTZC
A5 We need our digtal wrld to be sustainable – in societal, ecnmic and envirnmntl terms. This entails not just bsness mdls that are ecnmically viable, but bsness prctices that are socially sustainable.— Antonio Figueiredo (@afigueiredo) May 20, 2022
* Embedded finance
* Green finance
* Global financial inclusion#STinsights pic.twitter.com/omoK9RuC2k
And this brings us to the end of our tweet chat! A big thank you to our experts who joined us today! We hope you enjoyed it and learned something new today; we promise to return with more interesting and valuable topics soon. Keep an eye out!
Q5 Perhaps the most important invention of our life; Blockchain > than *just* finance.— Jeremy Almond (@jeremyalmond) May 20, 2022
Web3 (S_Contracts, NFTs, etc) built onchain can change how society interacts.
If theres a middle man itll be reimagined. Money is *only* the 1st killer app 🤯… what will you build?#STinsights pic.twitter.com/rvwIHaRgwZ
A big thank you to our Power Panel for their #STinsights and those who joined us for this exclusive #Tweetchat @afigueiredo @dinisguarda @dhinchcliffe @jeremyalmond @PankajBikana @RahulSingh50 pic.twitter.com/YGNwYP4z9E— CIO Straight Talk (@CIOStraightTalk) May 20, 2022