5 Key Stories From The Digital Worlds

May 3

BY NABYL CHARANIA

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.