Feb 27 – 5 Key Stories From The Digital World

By February 27, 2019 Insight

1.  Why McDonald’s Could Be Uber’s Biggest Growth Opportunity

  • In Q4’18, Uber Eats reportedly generated $2.5B in gross bookings — roughly 18% of Uber’s total gross bookings in the quarter.
  • Uber Eats has succeeded because it uses the existing global network of drivers within Uber to provide a higher-margin, value-add service to its customers: food delivery
  • Uber Eats generates revenue in three ways: a sliding scale delivery fee from each customer, a percentage of each driver’s gross fare, and a 30% fee from the restaurant on each order.

2. Hyperloop firm unveils first images of its new test track in Toulouse

  • HTT is completing construction on the 320-meter test track before starting tests with its full-scale passenger pod, called Quintero 1
  • HTT is one of a handful of firms working to develop hyperloop transport, which would use magnets to levitate and propel pods through large pressurized tubes at speeds of more than 700 miles per hour.
  • HTT said Toulouse is the test ground for its planned commercial sites in Abu Dhabi and China.

3. Power strategies

  • The power and utilities sector, which underpins every other industry, has traditionally focused on long-lived assets and gradual policy shifts.
  • …decarbonization, decentralization, and digitization are creating a new three-dimensional challenge — and impelling faster evolution.
  • New value pools are forming in areas as diverse as energy management, electric car charging, and home automation.

4. Ebang Reveals Plans to Produce 400,000 Bitcoin Mining Units in 2019

  • …the company produced 159,000 units of mining machines in 2017 and more than 309,000 units in the first half of 2018.
  • There is one main reason that Ebang might have a solid chance of moving up in the mining manufacturing world: Bitmain’s recent financial troubles.
  • …“experienced significant decreases in revenue and gross profit for the three months ended September 30, 2018, compared to the preceding three months ended June 30, 2018.”

5. New study shows tech business leaders have great expectations for blockchain

  • According to KPMG’s Tech Innovation Survey, technology executives indicated that the top benefit they associate with blockchain adoption is improved business efficiency (23 percent), compared to only 9 percent who are interested in cost reductions or deriving new business insights from incremental data.
  • Almost half of technology executives surveyed said it is likely or very likely that blockchain will change how their company does business in the next three years, with 41 percent of respondents also indicating that their company will implement blockchain in the next three years.
  • Blockchain can be a value driver for a technology organization, both for achieving efficiency and potentially even enabling new sources of revenue.