April 3 – 5 Key Stories From The Digital World

By April 3, 2019 Insight

1.  100 million people will shop with AR by 2020

  • 46 percent of retailers plan to integrate augmented reality or virtual reality tech into shopping experiences
  • 5G can optimize warehouse resources and store traffic analytics and make it easier to communicate with customers
  • Retailers can use AR as an extension of the brand experience to engage customers in immersive environments and drive revenue

2. Microsoft and BMW

  • want to make it easier for manufacturers to build smart factories that harness the Industrial Internet of Things and cloud computing
  • the two companies are working on what they are calling the Open Manufacturing Platform (OMP)
  • will create an open technology framework that will support the development of smart factory offerings, and want automotive companies and other manufacturers to sign up

3. Global Blockchain Applications in Telecoms to Generate $1.37 Billion by 2024

  • blockchain growth in telecoms will be based on a number of key factors including rising security concerns, demand for fraud management, 5G implementation
  • forecasted that the global crypto ATM market will grow at a CAGR of 46.6 percent to $183.7 million by 2024 from $18 million in 2018
  • China has become the leading country in terms of the number of blockchain initiatives

4. Small Bank in Germany Is Now Nearly 30% Owned by Crypto Companies

  • Almost 30 percent of the equity in WEG Bank AG…focused on the real estate industry, is now owned by companies in the cryptocurrency industry
  • By purchasing 9.9 percent of the bank, blockchain startup Nimiq now joins TokenPay and the Litecoin Foundation as part owners of the Munich-area financial institution
  • This cross-industry partnership could eventually offer fiat liquidity to decentralized exchange (DEX) users – if they pass the WEG Bank’s screening process

5. Andreessen Horowitz isn’t alone in leaving behind VC as we know it

  • turning itself into a registered investment advisor
  • SoftBank is already one. General Catalyst appears to be in the process of registering as one, too
  • By becoming a registered investment advisor, Andreessen Horowitz will no longer have to limit these stakes, including in its general fund