May 3 – 5 Key Stories From the Digital World

By May 3, 2019 Finance, Insight

1. How to move fast: Innovation at speed and scale

  • for most incumbents…look back over a five- or seven-year window, despite the top 25 manufacturing roughly 50 to 40 percent of the overall category sales volume, they’ve driven somewhere between two to five percent of the growth
  • biggest thing that makes most start-ups move really quickly is urgency…running on the amount of capital and the amount of funding they have at any given moment
  • one start-up is not a threat, but many of them combined are threats….they seem to have come out of nowhere, and they seem to be moving fast with no resources

2. New Research from Fidelity® Finds Institutional Investments in Digital Assets Are Likely to Increase over the Next Five Years

  • about 22% of institutional investors already have some exposure to digital assets
  • Four in ten respondents say they are open to future investments in digital assets over the next five years
  • Financial advisors (74%) and family offices (80%) view the characteristics of digital assets most favorably

3. Democratizing Fertility Services

  • first months of 2019 have seen a surge of early-stage funding to the fertility sector
  • uptick in funding has helped fertility evolve from an obscure topic to one that’s gaining more visible, mainstream attention
  • global fertility services market, which caters to people who are unable to conceive naturally, is worth roughly $25B

4. Central Banks Settle Cross-Border Payments With Blockchain for First Time

  • two networks were connected using a technique called hashed time-locked contracts and allowed direct Payment versus Payment (PvP) settlement without the use of an intermediary
  • support for the project were Accenture and JPMorgan, which assisted development of the Canadian project on Corda and the Singapore project on Quorum
  • successful outcome of the Jasper-Ubin project is a big milestone for the modernization of cross-border, cross-currency transactions

5. Robot farming startup Iron Ox has started selling its produce in California

  • Companies want to use robotics and AI to revolutionize farming, but first, they have to prove there’s a market for what they’re growing
  • uses a combination of robotic picking arms, hydroponic vats, and self-driving porters to grow vegetables
  • One benefit is that robot farms can be located nearer to customers because of their smaller physical footprint