Future of Monies – Crypto Currencies

Introduction

The financial world is going through a revolution in the last few years. It is fast traversing from blockchain, FinTech – AI, and Cryptocurrencies, the financial world is moving faster than ever. In this report, we talk about Crypto Currencies and their Demand-Supply

What is “Cryptocurrency”? Cryptocurrency (Crypto as it is called) is a virtual currency meaning it does not have physical support like paper money. It is in digital form transferred following a peer-to-peer procedure and not via an intermediary (like Banks, government…).

Its transaction is recorded in an independent public ledger computer database called Blockchain. Decentralization or public ledger is the core concept that sets cryptocurrencies apart from traditional fiat money. No central entity -like Banks can control the system.

Cryptocurrencies are viewed and probably difficult to understand by the public at large. The hype around crypto has more to do with regards to quick profits and this as attractive massive interest.

History

In 1983, the American cryptographer David Chaum floated the idea of cryptographic electronic money called “ecash”. In 2009, the first decentralized cryptocurrency, Bitcoin, was created by Satoshi Nakamoto (pseudonymous) 2009. 

Decentralized control, user anonymity, record-keeping via a blockchain/ public ledger, and built-in scarcity (only 21 million), Bitcoin is considered the first cryptocurrency.

After Bitcoin, the cryptocurrency space accelerated and other cryptocurrencies started to emerge- Namecoin, Litecoin, Peercoin. All those cryptocurrencies added some new features to the original architecture. Currently, there are more than 200 cryptocurrencies

Rise of Crypto

The factors driving the growth are the non-flexibility of distributed ledger technology and transparency along with faster transactions, no compliance in peer-to-peer payments, and cross-border remittance transfer.

Globally, the value of all outstanding cryptocurrencies is about $2.4 trillion — or more than the approx. $1.2 trillion of United States currency in circulation worldwide — from about $200 billion two years ago.

This is from an industry that was born only a dozen years ago, when the first cryptocurrency – Bitcoin was introduced.

Bitcoin Crypto Demand-Supply

The global market for Cryptocurrency is expected to experience growth and demand in the next few years in this context, we will take most leading crypto – Bitcoin and study its demand and supply

There are only 21 million Bitcoins that will be issued in the crypto’s lifetime. According to the creator Satoshi Nakamoto’s plan, in 2140, all of them will be mined. Such a limitation is a stimulus for supporters to buy a Bitcoin. The “rare equals valuable” rule applies quite well.

There is a large fluctuation in the Bitcoin price as shown in the graph

Bitcoin is showing high demand from institutional buyers who rather than investing directly in Bitcoin are buying Bitcoin ETF for ease of access and exit without buying the actual digital asset.

As per the market analyst, there are fundamental factors that are driving the demand for Bitcoin.

Some of these are geopolitical driven (not outlined here) but here we list economic reasons

• Bitcoin as a Hedge Against Negative Interest Rates: To respond to slowing economies, global central banks have begun to implement increasingly irrational monetary policy. This has ultimately culminated in negative interest rates in notable economies, like that of Japan and the E.U.
• Central Bank Money Printing: Over the past few months, there’s been a strong influx in the central bank and government Bitcoin Is Becoming a Payment System
• Bitcoin is becoming a payment system, adding to the bull case. money printing due to the recession.

In this limited supply and demand of Bitcoin, the price is rising. Bitcoin was at its all-time high price of March 13, 2021, it was $61,683.86

Risks of Crypto

There are concerns that such an unregulated peer-to-peer exchange economy cryptocurrencies may become a threat to society. It may give play to the hands of anonymous web criminals. 

The cryptocurrency exchange networks have inherently lacked regulation – that has been criticized as enabling criminals who seek to evade taxes. Transactions that occur through the use and exchange of these cryptos are independent of formal banking systems and therefore can make tax evasion easier.

Another factor is its unpredictable nature. A single tweet on 3^rd June’21 by Elon Musk (CEO of Tesla) caused price of Bitcoin crash by as much as 15% to slide below $50,000

Many governments fear that the lack of central control on cryptocurrencies, may the financial security. Thus, new laws on cryptocurrency regulation and taxing are being framed. In China trading in crypto currencies are banned

Other Developments

In India recently RBI has revised its decision to lift the ban which forbids the banks to facilitate cryptocurrency trading. But the onus of due diligence lies with the respective banks of these trading. Another development El Salvador proposes to make Bitcoin crypto legal tender.

Conclusion

Cryptocurrency and its use in payments have the potential of creating a more borderless and globalized economy. As revolutionary as they are, they are still bound to traditional market advantages and disadvantages. They will hold a place in investment portfolios – long term and short term. However, investors should be careful since not all supply and demand are genuine and not all cryptocurrencies are worth investing in.

How will AI change the Scrum Master role

It is often said that the role of Scrum Master is – a servant–leader whose focus is on the needs of the team members and achieving results in line with the organization’s business objectives.

From above definition few points stick out:-

• to achieve result : this is straight forward and as scrum master you have various Tools and KPIs to highlight the achievements
• Needs of the team members : this is little an open-ended need and there is no clear definition. If we remove people management for this requirement – then this activity is fairly constraint to the fact of business requirement clarification and drilling down the user story

Now if we reflect on the fact that with the advent of AI who easy of difficult would be these tasks to be handled by Agents.

I am of notion that within a short -say a couple of years these activities will be taken by the AI agents – which will not only have a greater processing power for analyzing large pool of date for better estimates but also would be in better position to simulate the requirements and deliver a better user stories to better converted directly in machine language.

What are your thoughts

Automobile Industry Restructure – No Free service

Today I came across an article – https://lnkd.in/g4MCwq5

It was about about

Toyota – one of the world’s biggest carmakers – won’t expand further in India due to the high tax regime..

Just to address the issue I would make a bold suggestion – car companies should do away with Free Service pass the benefits to customer.

As car is insured for day one. let insurance company take care in case of contingency and for regular maintenance activities let consumer choose the best multi dealer service center.

In fact I would suggest that car manufacture has push more of sensors in a car + an app to capture the health of the car and alert the own’s about the same. thus impowering the customer to make educated decision with regards to car maintenance.

In fact this would be the real ownership transfer. 🙂

Using Robots inside the Aircraft

Using Robot for Steward and Air Hostess for some of the – lifting heavy Baggage and to put them in the over head compartments and do garbage collection

 

Context / Problem

Many a time to collect garbage and waste from passenger Air Hostess/ Steward has to carry plastic bags and collect them.

Some time while collecting them there is split and chances of these increases many times during turbulence.

 

 

Proposed Solution

This task could be easily assigned to robot which can collect them and dispose them.

This robot would be programmed and design in a way to retract and be stable and not fall on passengers during turbulence and if required could be retracted to allow passenger to walk over it to access toilets in case of emergency

Robots can also be used to assist crew members to help lift baggage and place them in overhead compartments

 

 

 

 

 

Ceiling fan integrated with wifi modem

Idea

To integrate ceiling fan with wifi modem or repeater.

As in any room ceiling fan is located at very vintage point and is unrestricted in regards to reach. Hence we could think of integrating wifi together in ceiling fan

Full screen Mobile

Now a days it is observed mobile companies are running create thin bezel mobile handsets. But are unable to create the same as it is necessary to introduces

• Cameras -both to take pictures and for face recognition
• then you have infrared sensors

Proposal to have these sensors and cameras be behind the glass which can be made opaque or transparent based on the requirement.

So when you are using camera a artificial notch – making a portion of the screen as transparent – can be created and when not in use the complete screen can be made opaque and the camera will hidden.

This can also done for the respective sensors

Origami screen for mobile

Future of mobile origami mobiles. In future will get foldable mobile as Origami mobiles. Which can be folded in small bag but at the same time can be spread to watch movies in big screen

Self Destructive – Apps

Now a days we cannot think of living without a Smart Phone. And what good a smart phone is without its Apps.

One problem with Apps are then stay on your machine even after their usefulness a over. For example apps for conferences – once the conference is over there is no need of this app on your mobile blocking resource and taking way precious space.

In this article I am talking Self Destructive Apps.

Yes Apps which can un-install itself after a specified time period or gets un-install when you move out is a defined geographically bounded region like a museum premises.

Idea is to create/ build an apps which can be controlled by the creator based on the time, region and connection type.

This can also tied to Mobile number as well as to its IMEI is a unique 15 digit number for your specific phone.

Thus making the apps hack proof and safe guarding the sensitive and personal information of the user.

Vishal

 

 

 

 

Bond using – Vacuum Capsule

An interesting concept – to create a vacuum capsule.

Today when we want to stick two parts either we use mechanical systems/ locks or a chemical to bond two parts.

Now with vacuum capsule which can be placed between two parts and can be imploded to create small vacuum between the two surfaces and then the parts stick.

This is useful for the where we do not want to use chemical due to their cohesive nature and where mechanical system cannot be applied due to space constraints.

As this capsule will be contained between the parts themselves there is no additional space needed.

Vishal Narayan

Transport services innovations

Biggest disruption to a transport company will be from biologists who would be able to reconstruct human body after teleporting