Trends Identified
Cryptographic technologies are ensuring data integrity
Regulations such as GDPR in Europe and the misuse of personal information on social media highlight the importance of trust in a system where data is shared between different parties. Yet data needs to be protected in a way that adds value to the end user. Financial firms’ data is often shared internally and externally. Many workflows are regulated, and firms must follow a proof of process when it comes to the custody and provenance of data. They must demonstrate to auditors, regulators and customers that systems are functioning as prescribed, workflows are completely auditable, repeatable and immutable, and measures are established to prevent security breaches. Data lineage, a data lifecycle that includes the data’s origins and where it moves over time, is becoming more critical and can become a competitive advantage. A recent trend is to leverage cryptographic libraries, public key infrastructure, blockchain and zero knowledge proofs to record who did what, when and where in workflows in an immutable, persistent, auditable and impermeable fashion. These technologies ensure integrity starting with the first person who enters data through all its transfers and transformations. Potential applications include managing the publication of earnings reports, anti-money-laundering and know-yourcustomer compliance, risk and surveillance. The technologies could also help to improve customer service. For example, money that is held captive on margin could be freed up by allowing a prime broker and executing broker to contribute data to a secure multiparty compute service that calculates a credit score. That could help to reduce the margin requirement. The technologies could be used to create a certificate authority in the cloud, so users could verify that the service that they are about to run came from the correct source and was unmodified in transit. Together, they could also be used as a formative technology to create a data marketplace where the fidelity, integrity and lineage is guaranteed. A zero knowledge proof is a severable technology, allowing for secure multiparty computation to occur. Let’s say two people each have a dataset that neither wants to share. But they would like a mechanism so they can contribute those datasets into a piece of compute that would transform it privately into a result that both people would find mutually beneficial. This technology would prevent data sharing, and the result would redact all information that would prescribe the origin, who owned it, or any details of it. One can imagine valuable use cases in research and development work across many industries and functions including healthcare clinical trials and supply chain management.
2019
NASDAQ DECODES: TECH TRENDS 2019 -The technology trends that are driving the world of markets forward
Nasdaq
Cryptocurrency
Bitcoin may get all the ink, but there are plenty of other cryptocurrencies, and more to come. Evans says that the way they enable distributed value storage without needing central authority is valuable at a time when people have lost faith in institutions and seek more control over money without governmental intrusion.
2018
The Most Important Tech Trends Of 2018, According To Top VCs
Fast Company
Cryptocurrencies and blockchain technology
In 2009, a person or persons going by the name of Satoshi Nakamoto proposed a public distributed ledger system which would rely on cryptography and self-interest to enable electronic transactions. This notable innovation, in the form of a system underpinned by incentives and mathematical proofs, would obviate the need for trust in any one actor or central institution as the basis for preventing fraud and ensuring that the ledgers were kept up to date. Within such a system, every participant therefore works to build a single public ledger of transactions and constantly verifies its validity. That ledger is known as the blockchain. The blockchain works through a competitive process whereby the first to successfully validate a block of transactions and broadcast the solution to the network wins a monetary reward. The proposed block is quickly and independently verified by every participant. If a majority of the network agrees that the block is valid, the block and the transactions it contains become part of the consensus blockchain (see figure A.2). The innovativeness of this system lies in the way in which the various parts combine to create the trust and guarantees that the traditional financial system derives from institutions and regulation. The incentives align the interest of participants towards contributing to the system’s security. In contrast, the traditional system relies on a complex armature of reporting, oversight and implicit or explicit guarantees, ultimately backed by the reputation of the central authority. As such, the blockchain technology presents the possibilit y— a first in the field of finance !— that trust in institutions backed by government can be replaced by trust in computer code.
2018
World Economic And Social Survey 2018: Frontier Technologies For Sustainable Development
United Nations
Crypto Currencies
Example of Organizationsactive in the area:Example of Organizationsactive in the area: Bitcoin (Japan), Ripple (US), Litecoin (US).
2018
Table of disruptive technologies
Imperial College London
Crowdsourcing
As consumers are increasingly interconnected through social media platforms and with the rise of digitalization, collective intelligence gathering is being leveraged to elicit perspectives and insights from a wide variety of individuals.
2017
Beyond the Noise- The Megatrends of Tomorrow’s World
Deloitte
Crispr
CRISPR is a new tool for genetic research that allows scientists to locate specific segments of DNA and then easily replace or delete them. “This could cause huge disruption to the way healthcare can be delivered today,” says DeLaney. “It offers the ability to cure a disease at the genetic level. For investors, it has the potential to create new industries and disrupt existing medical treatments.”
2017
5 big disruptive trends investors should watch
Morgan Stanley
Creative Cities with Connected Communities
City building has become the ultimate expression of mankind’s ingenuity. The 21st century, moreover, is set to be the century of cities, for cities are moving centrestage, with both the commercial and cultural world increasingly being characterised by cities rather than by countries. Though the world’s cities differ significantly, they should all espouse one particular key ambition – to pursue a path of sustainable urban development – enhancing their quality of life and economic competitiveness while reducing both social exclusion and environmental degradation.
2011
Just imagine - RICS strategic foresight 2030
Royal Institution of Chartered Surveyors (RICS)
Creating value in totally new ways
The world has benefited from the development of more general-purpose technologies in the past century than in the previous four combined. Consumers are embracing these advances ever more rapidly. The telephone took 76 years to reach half of all US households. The smartphone reached the same level of penetration in less than a decade.
2014
17th Annual global CEO Survey
PWC
Creating new value in new ways through digital transformation
CEOs no longer question the need to embrace technology at the core of their business in order to create value for customers. Beyond a shadow of a doubt, digital technologies have revolutionised how customers perceive value. Creating the personalised and ongoing experiences that are increasingly in demand requires a full view of the customer and all their relationships with the company. It requires an unprecedented level of customisation, responsiveness and innovation. Doing all this effectively just isn’t possible by tinkering at the edges. Companies increasingly recognise that they need to reconfigure their operating models – and perhaps their business models. And in order to do so they need to ensure that they’re not only investing in the right digital technologies, but can deploy them in a smart and effective way.
2015
18th Annual global CEO survey
PWC
Crash course - Scientists will learn whether an asteroid is likely to collide with earth
The asteroid Bennu first made headlines back in 1999. That was when scientists discovered this halfkilometre- wide ball of ice and rock and realised that its changing orbit, which brings it close to Earth every six years, could send it crashing into our planet in a century or so. The impact would be catastrophic, releasing 10,000 times more energy than from the asteroid which exploded so spectacularly over Chelyabinsk, in Russia, in 2013. Scientists made ambitious plans to learn more.
2018
The world in 2018
The Economist