The End of Money as we know it: How Cryptocurrencies, Bitcoin and Digital Money disrupt our financial system?July 16, 2014 on 9:29 am | In Conference, Speech, USA | No Comments
This week I had been invited hold a keynote speech about the revolution Bitcoin started in the financial world. The topic of my speech was:
The End of Money as we know it:
How Cryptocurrencies, Bitcoin and Digital Money disrupt our financial system?
Bitcoin is to money, as the internet was to information.
Smart entrepreneurs and early stage investors have recognized the tremendous power the concept of digital currency, especially Bitcoin, has brought to light. Hundreds of StartUps like Xapo, Circle, BitStamp are developing a new industry with the monetary support of some of the most acclaimed venture investors worldwide.
The trend of Cryptocurrencies is raising many new questions. How will the future of money look like? Will we have one global currency? Will bitcoin be the end of paper money? Who will be the key players in the digital currency industry?
Here you can find out more about my speaking engagements.
At Vital Signs Conference in Denmark I have been invited to hold a Keynote about the Future of Digital Health. In this keynote speech I am presenting five MegaTrends in the Health & Medicine Industry: Ubiquitous Health-Tech, DataSexuals, Orchestrated Data, CrowdMarket and Empowered Patient.
To support my future vision and to illustrate the trends I have integrated some examples and international case studies from USA, Europa and Asia. Some of the content in my speech are taken from one of our latest Trend Reports about Digital Vital Signs and mHealth at Ahead of Time.
#Electronic Health (E-Health) #Mobile Health (M-Health) #Quantified Self #IOT – Internet of Things #Wearable Technology
What can you learn by visiting the top technology hotspots of the world?
Since over a decade I have been traveling to the most important hotspots for technology innovation. Places where the best talent, innovation and investment money comes together. Places which are like big magnets attracting significantly more human capital as well venture capital than anywhere else. Here you can experience the trends of tomorrow already today.
I believe that innovation does not happen over night. There is always one person who creates an ideas, works with a small group of people to make the idea reality and then there are early adopters who influence others to spread these ideas. That’s why visiting these tech hotspots simply gives you a time-advantage. If you meet the right people you will be the first to know about the megatrends that will happen in the future.
So, here is my personal list of the top 10 of technology hotspots of the world:
London, United Kingdom
*I had been to all major tech hotspots, but within the last 12 months I had been on Trend Tours with partners and clients at 5 of my personal top 10. Please get in touch with our team if you want to learn more about our customized trend tours for c-level executives, CEOs or VC Investors.
Seoul is the most wired city in the world. Internet Penetration rates reaching 99%. Mobile Smartphone penetration over 70%. At home: 100 Mbit/s for 10 bucks a month. On the go: LTE Advanced with up to 1 Gbit/s mobile broadband connection. Last week I had been on a field trip to Seoul to experience the future of mobile at its point of origin.
The first time I had been in Seoul was in 2002 during a trend tour for a big automotive company. Already then South Korea was very advanced and a few years ahead of our mobile technology development.
Today the Internet landscape of South Korea is different. Giants like Google or Facebook do not play a major role here. Rules are different, Players are different and consumer behavior is different. It almost feels like travelling time to see how the future of mobile media could look like. Of course many trends and developments will never happen in USA or Europe due to the cultural differences. Nevertheless Seoul is a great place to reflect on things we take for granted and questioning the state of digital media. And some korean companies will grow and expand internationally as well (e.g. LINE social messaging, part of the NAVER group).
To give you some real facts. Google only has a market share of 3% in South Korea. The main players are NAVER for search and news with a 70% market share and KAKAO for social media with a 95% reach of smartphone users in South Korea. KAKAO Talk offering a service similar to WhatsApp (Line, WeChat or Fb Messenger) in combination with a social news stream like Facebook, called KAKAO Stories. Companies are creating corporate pages (comparable to the facebook pages you know), called KAKAO Plus Friends, to spread commercial messages or do content marketing.
Smartphone users in South Korea are avid video watchers: 95% of smartphone users watch videos on the go. 80% of offline advertising leads to mobile search.
For me it was fascinating get an insiders look and to learn about trends, business models and usage in South Korea.
Of course also analyzed the startup scene in South Korea and met with the key startup accelerator, discussed investment strategies with a major Venture Capitalist and met with the founder of the biggest tech conference in Seoul.
I wrote an article about the key trends for 2014 on Huffington Post Germany. Here is a very short summary of the article about the key innovations and trends I see most relevant for 2014. As my role as a Keynote Speaker and Futurist I am often ask “What is the next big thing?” or “What are the latest trends?” that’s why I have decided to publish my top 7 future trends.
- Text-Messaging versus Social Messaging: WhatsApp, Line, Kakao Talk, WeChat, Facebook Messenger and Co.
- Maker Movement and Hardware Innovation
- Wearable Technology
- Smartphone becomes the new Desktop-Computer
- Quantum Computing: Google and Nasa testing new Super-Computer
Who are the players, change-makers and investors in the bitcoin landscape? Who is shaping the future of the digital currency?
This is first version mapping the world of bitcoin in simple map.
Who is missing?
Please add your suggestion here: http://bit.ly/bitcoinlandscape
Every year the team at Domain.me is gathering international experts, entrepreneurs, investors and c-level executives in the web, mobile & tech-industry in the city of Budva, Montenegro. Their tech conference is called Spark.me and features inspiring speeches, expert panels and a startup competition in teamwork with TechCrunch.
This year I had the honor to talk about the “Digital Future: Trends & Opportunities you need to know about.”
As an introduction I looked back and mentioned key milestones on the history of computing, cellphones and the web. Then I gave an outlook into the future and focused on seven key trends (“7 Digital Trends who need to watch”): Digital Big Bang (new gTLDs), Connected the Unconnected, Human User Interface, Internet of Things, Hardware on Demand (Makermovement) Social Economy (Bitcoin, Social Sharing, Social Reading), Instant Service.
Here you can watch the full keynote.
The conference was inspiring, I met very interesting people and enjoyed the beautiful old town of Budva. For me, it was the first trip to Montenegro and I can really recommend to go there as well. The little country becomes the hotspot on the Adriatic coastline and a magnet for investors and tourists. I was impressed by brand-new superyacht harbor Porto Montenegro, the relaxing Splendid Spa Hotel, the amazing Aman Hotel at Sveti Stefan, the beautiful beaches and the creative entrepreneurial people I met.
Many thanks to the whole team at Domain.me – keep on rockin’!
Last week we hosted another DIGITAL LEADERS event, this time in San Francisco. Although I knew what the speakers will talk about, I was totally overwhelmed by the quality of their keynotes, their thought provoking ideas and their innovative projects. But even more exciting have been the discussions after each talk on the tables. Have a look:
At DIGITAL LEADERS San Francisco we focused on three main topics: Digital Transformation, Accelerating Innovation and Global Challenges. This had been our speakers:
CEO at Discovery Digital Networks
Vice President HP Shopping at Hewlett-Packard
Investor, Business Angel & Founder at Scout24 Group
Former Yahoo! Executive, Startup mentor & Investor
Serial Entrepreneur, Investor, CEO & founder at Trailerpop
Fourth generation Investor, CEO & founder at Boost.VC
Social Entrepreneur, CEO at Samasource, Forbes Magazin’s “Rising Star”
Co-Founder at Refugees United,
named “New World Hero” by Monocle Magazin
This week I am travelling with a delegation lead by the Bavarian Minister of Economic Affairs, Mr. Martin Zeil, to Israel. The goal is to learn more about the digital industry, its venture investors and tech startups. Visiting the StartUp Nation Israel is inspiring and full of great discussions. Here is a map of all Israel Startup matched on Google Maps: Startup Map.
During our short business trip we met early stage investors and venture capital fund like Jerusalem Venture Partners and the startup accelerator The Time. We discussed the StartUp and Tech scene with Investor Yossi Vardi, the major of Jerusalem Nir Barkat and visited Intel Israel.
Discussion with the Major of Jerusalem, Mr. Nir Barkat
Monty Metzger with Bavarian Minister of Economic Affairs, Mr. Martin Zeil
Last weekend I was Speaker & Jury-Member at StartUp Live “From Idea to Product in 54 Hours” in Zagreb, Croatia. I met lots of passionate entrepreneurs and developers and enjoyed discussing their business ideas.
I also hold a speech about “Seven Digital Trends to Watch” and explained major trends in the digital landscape by showcasing benchmark StartUps in each space. Here you’ll find a croatian article about my speech: http://www.24sata.hr/
7 Digital Trends to Watch
- Human User Interface
- Next Generation Mobile
- Breaking Web Barriers
- Social Everything
- Holistic Service
- Merging Offline & Online
- Smart API
What a difference 8 years makes: St. Peter’s Square in 2005 and yesterday.
Welcome to the Digital World, Pope Francis.
We always overestimate the change that will occur in the next 8 months and underestimate the change that will occur in the next 8 years.
Chancellor Angela Merkel invited 175 CEOs of StartUps, Investors and Entrepreneurs to Berlin. It was a pleasure to be part of this event and it was a good first step to connect politics with the dynamic internet economy.
Here is my german review:
Merkel trifft Deutsche Internet StartUps
Great Video Summary of the event:
Finally, Facebook is updating it’s search functionality with “Graph Search”.
Facts: Facebook currently has more than a billion users with more than a trillion connections. And there are more than 240 billion fotos published on facebook.
Graph Search is a new way for you to find people, photos, places and interests that are most relevant to you on Facebook. Technically it is a high-speed contextual discovery engine.
Graph Search will help you instantly find others, learn more about them and make connections, explore photos, quickly find places like local attractions and restaurants, and learn about common interests like music, movies, books and more. All results are unique based on the strength of relationships and connections.
“It is not web search,” Zuckerberg says.
Graph Search and web search are completely different. Web search is designed to take a set of keywords (for example: “music industry”) and provide the best possible results that match those keywords.
With Graph Search you combine phrases (for example: “my friends in Los Angeles who like Justin Timberlake”) to get that set of people, places, photos or other content that’s been shared on Facebook.
Facebook is taking privacy more serious
Another big difference of Facebook Graph Search is that every piece of content on Facebook has its own audience, and most content isn’t public. Facebook built Graph Search from the start with privacy in mind, and it respects the privacy and audience of each piece of content on Facebook. It makes finding new things much easier, but you can only see what you could already view elsewhere on Facebook.
The creative filmmaker Stephan Zlotescu analyzed todays technological developmemt as well as digital media trends and created a future scenario in his short movie “True Skin”.
The movies plays with technology trends like Google Glasses, Augmented Reality, 3D printing, 3D holograms, robotics, sensor technologies etc, but also reflects the social development of human society, e.g. the gap between rich and poor, the gap between connected and not connected.
One quote surprised me “Who wants to be 100% organic anymore? Nobody!”
But is this really our future?
Have a look at the movie yourself…
The italian magazine Chi and french magazine Closer have published a series of topless picture of Kate Middleton the Duchess of Cambridge. Now Prince William and Kate Middleton are threatening to sue French magazine Closer for printing her topless pictures.
It seems that the PR Manager of Kate and William are not aware of the Streisand Effect. The Streisand effect is the phenomenon whereby an attempt to hide or remove a piece of information has the unintended consequence of publicizing the information more widely. It is named after American entertainer Barbra Streisand, whose attempt in 2003 to suppress photographs of her residence inadvertently generated further publicity.
Chi magazine, which is owned by former Italian Prime Minister Silvio Berlluscon’s company Mondadori Group, which also publishes Closer, printed more topless pictures of Kate Middleton today. Thus, exactly these pictures are now spreading online rapidly, from Pinterest to Facebook to Flickr to Blogs….. the internet just does not forget.
In the late nineties the recruiting industry had been turned upside down by the start of many online job-posting websites, including the launch of Monster.com. Over a decade later the online recruiting industry seems to reach a dead end. The former giant and market leader Monster Inc. is tumbling and the CEO Sal Iannuzzi does not give confidence to have a turnaround strategy in place. He even declared publicly to sell the whole or parts of the company in March this year (Source: Reuters).
In yesterdays investor call the company announced that the 2nd-Quarter profits have decreased 56%. The market cap has dropped below $800 million, I can still remember when Monster’s market cap was over $3 billion last year.
Such a change is always an opportunity, too. While the quarterly revenues of Monster Worldwide fell to $237 million, LinkedIn’s revenues are steadily growing and have reached $230 million at the same quarter.
From an outside perspective it looks sad to see that Monster Inc. is not able to reinvent itself and look forward rather than trying to protect old-thinking. It’s a bit like the music industry when peer2peer sharing, napster and later iTunes came along. They have time, money and smart people to change and lead into a successful future. But my feeling is that Sal Iannuzzi is lacking of a powerful vision and dynamic leadership. Two things which is needed to turn such a big “ship” around.
I don’t know who will be the future leader of online recruiting, but LinkedIn seems to be running the right path, as they are heavily investing in its product and technology. Furthermore LinkedIn has acquired Connected, Rapportive and Slideshare – all relevant building blocks to build a future proof company.
Although I have left RECOMY, I will keep watching the innovators in this market. As an entrepreneur I am especially looking at startUps like Identified, Jibe, Jobvite, BranchOut, BraveNewTalent or Talent.me.
We are getting close to the launch of our new private online community.
Best of All Worlds in the coming weeks. I wanted to make sure you received your invitation.
As you may know, Louise and I founded aSmallWorld in early 2004, a pioneer in online communities. After we left the company several years ago, we began designing and building a new, useful and relevant social network – an alternative to what currently dominates social media.
We will launch Best of All Worlds (boaw.com) with an iPhone app in the coming weeks, followed shortly by a full web version.
Best of All Worlds will enable us to navigate and leverage the collective intelligence of the trusted and relevant few, rather than the wisdom of the crowd. It will be a fun and useful tool for our social and professional lives by providing trusted information among top influencers and connectors worldwide – in an intimate and private online environment.
I want to inform you in advance that I will be leaving RECOMY later this summer.
Since we started working on the early concept in January 2011, I have had the privilege to found the company, develop a high-potential business plan and build a powerful technology platform. At the same time Social Recruiting has developed into a fast-growing market and a game-changer in the recruiting and talent industry. I’m proud of the recent accomplishments in our platform since launch in April 2012. I’m even more excited for the world to see all the amazing things we have coming.
I’ve learned a lot in my time at RECOMY. I’m also grateful for the relationship with the team, business angels, mentors and our founding investor.
I’ve decided that now is a good time for me to leave RECOMY and focus on my passion, namely, building cool things with awesome people with unexpected results.
Facebook has announced a partnership with the Olympic Games in London 2012 at a press event at Facebook London today. The partnership is a big step on the way to monetize the social network and its fight against Google and Twitter. Although Facebook has 10 times more Page Views that YouTube, Facebook’s revenue is still only 10% of Google’s total revenue.
With the launch of “Explore London 2012″ facebook has created a special landing page for all people interested in the olympic games. You can find an overview of all facebook fan pages of athletes, teams and sports and “like” them directly or jump to the fanpage to learn more.
Great move for Facebook.
Blog by Monty C. M. Metzger *monty.de.