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The third wave
From time to time we are all touched by the FOMO that stands for "fear of losing". Some scientists call this feeling a dangerous syndrome that has become pervasive in society. They say it's important to stay calm and mention Ecclesiastes who, with all his wisdom, wrote a lot about repeatability in human life: "Vanity of vanities, says the Preacher, vanity of vanities! Everything is vanity", "A generation comes and goes a generation, but the Earth remains forever ".
There is no doubt about the Earth and its perpetuity, but everything in human life and in society is certainly subject to change. Alvin Toffler & # 39; s "Third wave" provides a clear and transparent roadmap for these changes: what started out as The Agricultural Society and was continued by The Industrial Age has now matured in the information age. This is the phase we are currently experiencing.
"Christmas is all around us", they sang Current love. Well, it's fair to say that "the post-industrial era is around us". You can testify to it daily: decreasing role of standardization, peer-to-peer communications accessible to almost everyone on the planet, personalized design and production, growth of local communities, non-governmental organizations and distributed systems.
Blockchain is the brightest example of the Third Wave approach. Third party expulsion, or central intermediary, and its replacement by a decentralized and commonly governed verification mechanism that does not allow for backward changes and manipulations, that is, something that humanity is currently approaching. Political and social systems are inert and tend to resist change. It is difficult to predict the date of the first nationwide digital elections conducted on blockchain because governments will be difficult to adapt. However, other important spheres of our life will act much faster.
Implications of the financial sector: the big players are watching closely
One of these is financial. Despite the visible slowness of existing actors and structures, a fundamental change is coming. In reality, this shift is happening right at the moment you are reading. The financial revolution is on the march and you would be right to hear FOMO this revolution.
"The blockchain innovation in wealth and asset management. Key advantages and challenges for the adoption of this technology", this is the title of Ernst and Young research paper published more than a year ago. We reserve the right to list the benefits that the team of the company has indicated:
- It can facilitate customer profiling and risk;
- Help in financial planning;
- Supports anti-money laundering controls and monetary movements;
- It can improve or eventually replace traditional systems, such as ACH and ACAT;
- It allows transfers of almost instantaneous activities between financial institutions with authenticated proven tracked changes.
E & Y were not the first to notice the important technology. In fact, it has been closely observed by a large number of investment management companies. And we are not talking about the end of 2018. In March 2017 Deloitte released a wonderful summary of financial leadership initiatives in the field. Names like Nasdaq They were already on the list at the time.
To date, the playground receives more and more attention from these big boys: IBM it's openly advertising its solutions, Northern Trust promises start your cryptographic business. There is no need to continue, the case is clear. Blockchain technology received the Big League approval mark
This is where the great IF arrives on stage. Those investment and commercial banks, exchanges and custodians, fund managers and asset management giants will be able to adopt blockchain fast enough? Apparently not.
Many observers state that there is no adequate regulation; some say that technology is unstable and insufficient; others add that there is no visible way to go from the old "central party" to the "decentralized network". Most are not true.
The pioneers are betting
Here is a good example of a company called overstock managed by a visionary Patrick Byrne. The company itself was known as an online retailer until Amazon gained pace and started to squeeze it out of the market. Despite the closure of the store, the CEO of Overstock has made a smart move by pivoting on the blockchain by launching a subproject called Tzero. This recent Press release remember some details of this transformation started back in 2015:
"In March 2015, TZERO's alternative trading system, ProSecurities ATS, presented its plans to facilitate secondary trading in blockchain instruments to SEC, shortly thereafter, in August 2015, we issued a private blockchain tool (the our $ 5 million bond.) In December 2016, Overstock issued OSTKP, the world's first registered SEC blockchain security, which operates on ProSecurities ATS. "
"TZERO was built based on the technology originally developed by SpeedRoute, a company in which we entered into a purchase agreement in 2015. SpeedRoute is a routing and execution company that currently distributes about 6 billion shares a day and is already deeply integrated into the US national market system.Therefore, the blockchain innovations we are building inside tZERO are accessible to the traditional capital market system, providing the current market participants with the 39. opportunities to access cryptocurrencies without having to incur switching costs.TZERO is a bridge between traditional securities markets and the rapidly expanding world of cryptocurrencies ".
These moves were taking place next door, yet Wall Streeters remained motionless. This can be easily explained by their conservative approach to innovations, by the stable business model and, let's be honest, by overwhelming bureaucracy. In fact, some moves were made later. In a typical way for the tyrannosaurus: in 2015 Goldman Sachs invested in the sector through Circle collaborating with various institutions and fueling the fintech upstart with 140 million dollars.
UBS in June 2018 has recognized that "blockchain is almost a must for business" combined with IBM to support the Batavia blockchain-based financial platform. This move would look beautiful if we forget that the UBS Technology Group white paper called "Building the trust engine" was released in mid-2015! As a result, the best employees banks start to start their own cryptographic initiatives like SEBA cryptobank.
That's why it would be wise to anticipate that those elephants are sloppy.
The market undermines the ambitions of the big engines, the fast second-level men exceed
The uncertain market conditions will further influence their decision-making process. The vote of the CFOs and state officials will be an important factor given the recent dip in all cryptocurrencies. Large investment vehicles have a bad memory, but the prospects for massive devaluations could make them reconsider.
This is where the independent players appear. Projects like membrane they are fast and concentrated, not influenced by the big boards of directors. They are directly at the point and can provide real blockchain based products much faster than their respective Goliath-sized competitors.
This clever money seems to be the best entry point to enter the quadrilateral of the global quarter of ownership and value management (Overstock has about $ 73 trillion shares, $ 215 trillion in debt and $ 217 trillion in real estate).
Membrane is implementing four fundamental functions: secure transfer of funds in the management of trust; contract between investors and traders; confirmation of the profitability of the past trader using blockchain; and distribution of investor assets among different independent asset managers. This is not a pure concept and the platform already works in beta.
The team is currently raising funds to support further development of the solution and provide sufficient resources for its global marketing. Unlike many greedy hungry cash, Membrane developers are reasonable in their budget budgeting and $ 1 million target and $ 8 million hard cap for MBN token sales.
The project has already raised $ 600,000 from a group of US venture investment funds. Membrane is aimed at a very large audience, so the team decided to participate in a sale of public tokens rather than through private agreements.
The sale has already begun with a private round in November, and on to December 10 tokens will be available to the public during the pre-ICO phase which will last until early February. It is comforting not to notice any rush in the main stage of the tokensale which will start on 10 April 2019. The price of the MBN token is set at $ 0.02 and all the major cryptocurrencies are accepted (ETH, ETC, BTC, LTC) as well legal fees with VISA and Mastercard.
ICOs are still alive, just select wisely
The ICO market reached its peak at the end of 2017, fueled by the general clamor of the blockchain sector. Since then, the industry is "optimizing itself", both in terms of volumes and structure. ICOdata statistics shows that the year started with a monthly $ 1bn + collection, and the number has dropped incessantly to reach $ 100-200mn per month in the fourth quarter. A change in the market structure was even more evident: ICOBench she studies shows that less than a third of all projects successfully conclude their ICO campaign (54 out of 158 in total for October), compared to 54% a year ago. Campaigns invest more time and effort leading to longer fundraising, closer work with rating agencies and consultants.
It is obvious that the investors and the contributors of the crowd have eliminated the blinders, have become harder and now do their homework to examine potential recipients. In fact, the ICO market has grown to be similar to any other venture market: a careful selection of projects coupled with closer monitoring of their performance. In an environment like this, only sustainable projects with a strong case and an advanced MVP can provide good returns, even if the overall market is declining.
Looking back, there are at least a dozen decent projects that have made over 1,000% ROI on their ICO prices even after six months of sideways trading and a fall of 50% in November. Leave only the masterpiece of Ethereum, there are examples like IOTA (650x on ICO price and counting), Binance coin which is very simple and really useful (36x), Lisk and many others. Membrane is clearly the case that can adhere to this line of success stories.
This is a sponsored press release and does not necessarily reflect the opinions or opinions of any NullTX employee. This is not an investment, trading or gaming advice. Always conduct your independent research.
