Silicon Valley remains an illustrious name in the world of technology and innovation. This small area in the United States is the one place where nearly all major technological breakthroughs come from. It goes without saying that various countries around the world would love nothing more than reach the same level as Silicon Valley, although that is quite an ambitious goal. But do some European cities have a legitimate shot at this title, or are they just living a utopian dream?
Healthcare Marketing – Seeing Is Believing?
A little-known fact is the potential Youtube offers to the healthcare industry regarding marketing future advancements. Whenever a new medical innovation is announced, the last place people would look for it is on Youtube. However, the platform is capable of captivating a global audience, and healthcare marketers are looking for new solutions to bring more attention to their field of expertise.
Even though not everyone is a fan of some of the current tech trends, that doesn’t mean they won’t become more viable in the not-so-distant future. Regardless of how people feel about certain technological marvels, they will play an important role throughout 2016 and the years to follow. Analytics, 3D printing, cloud computing, and artificial intelligence are slowly making their way to mainstream consumers all over the world.
Some Future Tech Trends Are Already Here
The future of financial services and products is directly linked to the advancements made in the field of technology. This is why sectors such as FinTech and Bitcoin are thriving right now, as they combine powerful technology with payment options to bring financial services to people all over the world. But what will be the biggest technology trends in 2016, and how can Bitcoin and FinTech companies use them to their advantage?
One of the topics being kicked around quite often is why there are so few women involved in the technology industry. To put that into perspective, this discussion goes further than just talking about management positions, even though that is a pressing issue as well. But at the same time, there are very few females known for their programming skills for some reason.
Disruption is taking place on multiple levels, as companies and startups try to come up with creative ways to cut out the middleman. In some areas, this approach is working quite well, whereas industries such as finance are far more difficult to disrupt. But the middlemen won’t go down that easily and they are starting to come back under a different name; the personal concierge.
There is no denying technology will play an even more important role in our daily lives over the next few years. As society is slowly transitioning into the Digital Age, more and more daily tasks will heavily rely on technological advancements. So far, it looks like 2016 will be an interesting year for certain technology trends. That being said, it remains to be seen how these forms of technology will impact the daily lives of consumers all over the world.
A lot of people have been wondering as to why blockchain technology suddenly became of such interest to financial institutions around the world. There are several reasons attributing to this status with 2015 having been a year of many success stories. In the end, these stories might lead to the global adoption of Bitcoin as well.
The year 2016 will be an interesting one as many people are expecting great things to happen from a financial and technological standpoint. At the same time, the year 2016 will play a pivotal role in the future of data protection and user security. But what will be the predictions for 2016 and which ones will come true in the end?
Also read: Creating Financial Resolutions For 2016
In the FinTech sector, there is no clear industry leader just yet, as the playing field is wide open for participants from all over the world. Certain areas are destined to do better than others, such as London, Silicon Valley, and the entire country of India. One city most people tend to overlook is Dublin, Ireland, where the FinTech sector is booming despite its challenges.
A lot of countries around the world are still struggling to boost the number of available jobs. If those numbers do not increase, economies can not recover from the 2007 financial crisis, which is not an ideal situation. Unfortunately, there are some factors that hinder the job market growth, such as additional taxation and red tape on jobs.
As much as digital currency enthusiasts would like to steer away from the banking system as we know it today, collaboration between both worlds will be quite important for the foreseeable future. Even Santander’s, Mariana Belinsky, seems to think along those lines. Any innovation in the Fintech industry will need some form of support by traditional financial institutions and Bitcoin – or Ripple, in this case – are no exception.
Ever since banks and other financial institutions around the world have started to show an interest in blockchain technology, the Bitcoin community has been speculating on what projects might entail from this interest. In the case of Lloyd’s, one of London Market’s key players, there seems to be a keen interest in using blockchain technology to revolutionize insurance markets as we know them.
Insurance Sector is Ripe For The Picking
The financial sector has seen little to no innovation over the past fifty years, and the lack of thinking ahead is clearly showing as of late. In fact, hardly anyone can make sense of the financial system we use today, not even the people who are actively working in the sector on a daily basis.
One of the more intriguing results of implementing blockchain technology is how it allows people to trace payments back to their origin. Unlike what most people assume, Bitcoin is a far cry from being anonymous, as all transactions are broadcast on a transparent ledger visible to anyone. Europol is looking for someone who is skilled in this field, as Bitcoin tracing is apparently of interest to them.
A lot of people around the world are keen on the term “blockchain technology” for the time being, although they do not necessarily like the concept of Bitcoin all that much. The interesting part is how people think they can have a blockchain without Bitcoin, yet the reality is far different. ANX International has recently announced their full suite of blockchain solutions.
Bringing blockchain technology to the mass market will be the best way to raise awareness of what can be achieved through innovation and collaboration. Finding Bitcoin’s “killer app” will be critical to take things to the next level, although market penetration is very difficult right now. Sharebits.io may be the answer to our prayers as they want to bring mass adoption to the world of cryptocurrency and blockchain technology.
Also read: iGaming and Bitcoin Are Two Peas In A Pod
One of the most interesting aspects of conferences like Web Summit is the handful of startups that manage to win an award during the event. This “vote of confidence” can be the start of a great future for these new companies. One of those companies is Remittio, a global encrypted banking alternative founded by Michael Taggart and Mark Lyford.
It is no secret more and more service providers are supporting Bitcoin payments, albeit not all of them are advertising it publicly. Worldpay, one of the world’s leading payment networks in the world, seems to have taken a liking to Bitcoin and its underlying blockchain technology. While official Bitcoin integration is not on the agenda just yet, efforts are taking place behind the scenes to best serve merchant clients.
Making Bitcoin more convenient to use is one of the main points of focus for both established companies and newly founded startups. Even though sending money to anyone else in the world is pretty straightforward, there are plenty of improvements to be made. Bitwala may have found a possible solution, as their new EmailPay service lets anyone send funds to an email address.
Also read: Fiat Currency Vs Digital Currency
Bitcoin is poised to disrupt the financial sector, and money remittance services will be among the first to feel the wrath of borderless digital currencies. Servers like Western Union and MoneyGram are the top contenders in the remittance sector, yet that paradigm might be about to shift sooner rather than later. That being said, MoneyGram isn’t feeling the pressure just yet.