Recent Keynote Speech about the Internet of Value, Bitcoin and Cryptocurrencies at a large management conference.
Recent Keynote Speech about the Internet of Value, Bitcoin and Cryptocurrencies at a large management conference.
No other industry is facing the wave of digital disruption more than financial industry. While strict regulations and legacy systems limit banks’ agility, the new waves of financial technologies keep threatening status quo by reinventing the way banking services are created and delivered.
Last week Monty was invited by the CEO of one the largest Russian banks to speak at their annual conference. The event took place in Moscow Russia. As a futurist keynote speaker they asked him to talk about the impact of blockchain, bitcoin and other cryptocurrencies on the banking and financial industry.
The keynote by Monty C. M. Metzger gave first-hand insights into the disruptive finance technology #fintech landscape by introducing the latest innovations from Silicon Valley and other innovation hubs. Blockchain, Bitcoin, Digital Banking, Payments, Lending, Smart Data Mobile Money and AI driven leadership. Monty outlined the Digital Leaders Formula, which enables every leader to adapt to the speed of technology disruption and make better decision today.
Monty is a global speaker and invited to several conferences, board leadership workshops and events each month. His keynotes speeches and impulse talks provoke, excite and inspire. He has traveled to 44 countries to visit the most relevant innovation hubs globally and to discover the trends of tomorrow already today.
If you are planning an event please do not hesitate to contact Angelique at angelique (dot) weingarten (at) monty (dot) de
There is a lot of exchange of money that is completed online between people, especially of those people in a variety of countries. Bitcoin has been a popular choice for many. And the innovative technnology behind bitcoin is called the blockchain. This is a relatively unknown technology that can easily be misunderstood by those who are not familiar with it.
With all of this misunderstanding about this technology, people find it to be very controversial and have a lot of mistrust for this new technology only because of its association with bitcoin.
FinTech companies are very interested in the blockchain technologies. For experts in the financial world, they understand that there is actually nothing controversial about this new trend.
What is blockchain? It is basically just a digital ledger that is shared with a variety of different parties. What makes this so unique and uncontroversial is the fact that changes cannot be made to it with having the majority consensus agree to the changes. This is not the only great thing about this so-called future of money so fantastic is that data cannot be changed after it has already been entered into the ledger.
In many other forms of financial systems, you are actually putting your trust into one third party to give you the right information. For instance, you trust your bank to give you accurate bank statements or your antivirus to make sure that your computer safe. Trusting just one entity with your information can be dangerous because they can offer misinformation or just simply lie to you. This is how mistakes happen. This is the biggest reason why blockchain is such a huge game changer. These records will be accurate and since they cannot be changed, you can trust that the information that you are receiving is trustworthy. The best part is that these ledgers can offer all of this detailed information without making its users compromise their privacy.
Blockchain is starting to make waves in the financial world with some of the largest banks in the world beginning to research how they can utilize applications of blockchain. Estonia is just one location that uses blockchain in order to secure their banking infrastructure, actually has the lowest rate when it comes to credit card fraud in the entire euro zone. Internet startups are starting to pick up on blockchain for their own businesses as well.
The future of money really is found within the blockchain technology. People want something that they can trust because it is their money on the line. Blockchain has a lot of potential, and there can be so many other applications of this technology in other fields. Think about putting documents like health records or even things like marriage licenses in the blockchain. You can create a visible trail for audits so that you can see each event without actually compromising anyone’s privacy. Blockchain is the new technology to trust and it will be interesting to see where it goes from here.
Back in 2013 Monty already started to dig into Bitcoin, Cryptocurrencies and Blockchain and published this Visualisation of the Blockchain Industry.
Monty is a global speaker and invited to several conferences, board leadership workshops and events each month. His keynotes speeches and impulse talks provoke, excite and inspire. He has traveled to 44 countries to visit the most relevant innovation hubs globally and to discover the trends of tomorrow already today.
If you are planning an event please do not hesitate to contact Angelique at angelique (dot) weingarten (at) monty (dot) de