According to the UN State of The Future Report 2040 featuring a lecture by Tony Seba with Stanford University, one of the greatest changes in 5 years is a cataclysmic change in the financial world.
Such Internet giants as Baidu and Alibaba in China and Google, Apple and Amazon in the U.S. are developing or using their own payment system.
This system enables those who purchase a lot of products on Amazon to make payment with Amazon Coins, and profits are made when the value of Amazon Coin is increased. In the past, it was said that money makes money.
Another cataclysmic change in the financial world is crowd funding. The era when ordinary stock investors directly invest such small amount of money as 10,000 won or 100,000 won in developers or business founders has come. Reasons why banks or existing fi
Internet of Things (IoT) and Big Data are destroying financial system to return sovereignty to global citizens. As Big Data or IoT analyzes and predicts corporate future so accurately, it becomes possible to secure accurate information without forecasting
In 5 to 10 years, sensor chips that will connect countless Internet lines all over the world will be spread. With emergence of mobile settlement and remittance services, Facebook and Google are proactively knocking on the door of the virtual currency mark
Facebook has a system recognized as an electronic money handling institution on the condition of approval of the Central Bank of Ireland. On the strength of the recognized institution, Facebook will proceed with a financial service featuring deposit and r
Google is mapping out a plan to advance into the financial circles and expand services into remittance and fund investments based on ‘Google Wallet,’ a mobile payment system. Alibaba and Tencent have emerged as a global market leader in the Internet secto
The existing financial companies in the global market are all in a dither as they expect their free fall. Global citizens wanting something convenient and speedy have already tasted the advantages of the virtual currency in the Internet. The wallet servic
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