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Can banks be at the forefront of financial innovation, participate as protagonists of disruption and intrapreneurship, instead of being incumbent sauropods ready to be wiped out? That is what H-FARM Ventures is betting on together with leading banks Unicredit, Gruppo Banca IFIS, SiamoSoci e Intesa Sanpaolo. H-ACK BANK is a hacking coding marathon on Feb 8-9 near Venice, Italy. H-ACK is the first hackathon format completely dedicated to the world of business that was founded with the goal of helping the operators of traditional business to find new ideas and new approaches to the market through digital tools. H-ACK BANK is a 24-hour marathon devoted entirely to the banking sector. During the event, the representatives of the participating banking institutions will work closely with young hackers, developers, finance and marketing specialists, graphic and interaction designers, in order to create a constructive synergy and make concrete the dialogue between traditional and digital worlds. The goal of H-ACK BANK is to identify new solutions through digital tools and technology, leveraging Italian excellence in the field. H-ACK BANK is aimed at those who are willing to get in touch with the most important banking Italian banking institutions, and create projects that respond to their needs by working as a team for 24 hours. Recent mathematical discoveries, and their combination in trustless decentralized transaction tables paved the way to a wave of unprecedented innovation in the fields of digital money, finance, entrepreneurship, commerce, on a global scale. Spearheaded by Bitcoin, this innovation is spreading out to new layers creating a stack of solutions not dissimilar from the way the traditional TCP/IP stack sustained the Internet application boom. The promise is that of truly revolutionary financial solutions emancipating billions of people who today live outside of the modern world of banking and finance. Their clash with the incumbent players in the field is unavoidable, and as such has to be smartly managed in order to maintain the speed of innovation, while recognizing the need of a wider public to grow its understanding and familiarity without the downsides suffered by the wildest experimenters. Part of H-FARM Venture’s H-ACK BANK weekend, this talk explores the opportunities that developers with cross-domain interests and skills between finance and computer science can leverage, offering the world exciting never-before-seen applications generating value in unprecedented scales.
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Image: Wikimedia
Creativity, Passion and Innovation in Finance, Banking and Law
February 8!2014!
!
Venice!Italy
https://www.facebook.com/groups/internetofmoney/
Facebook Group: “Internet of Money”
Opening Survey Results
1. Networks 2. Foundation 3. Experiments 4. Principles 5. Q&A
Networks
Acceleration
Pyramids
archer10
Feudalism
dicktay2000
Industrial Age
sludgeulper
Network Age
jurvetson
Technology is Key
Network Society
Photovoltaics - Ecat?
3D hydroponics - Plantlab
plantlab
3D Printing - Makerbot
makerbot
P2P Currency - Bitcoin
sylvar
Foundation
A New Technology Stack
Joi Ito, Wikipedia
(Finance *is* Technology)
BlockChain
Bitcoin
Remittance
Example
Trust is Earned, not Imposed
The New Yorker
The Network is the Authority
Bitcoinsecurity.org
Background: NOAA Ocean Explorer !Photo: David Orban
“Bitcoin is like Sudoku:hard to solve,easy to prove”!
!
Andreas Antonopoulos
Proof of Work – Proof of Stake
Distributed Autonomous Corporations
Wikipedia
Experiments
Localbitcoins
Image: Wikimedia
Buying an Espresso
Image: Wikimedia
Live Trading on Satoshi Square
Image: Wikimedia
International Remittance
Image: Wikimedia
New York
Dakar
Fewer Quants, More Startups
Image: Wikimedia
Image: NOAA Ocean Explorer !Chart: mattwhitlock.com
Deflation for a Sustainable Future
Background: NOAA Ocean Explorer !Photo: David Orban
Monetary Sovereignty in the Age of Bitcoin? !
Principles
The Privilege of Failure
“The formula for success? Double your rate of failure.”
Thomas J. Watson, IBM
“The Internet multiplied a thousandfold our failure rate, without increasing the cost of our success”
Cory Doctorow
Questions
Answers
Ignorance
Competitiveness
Innovation
Invention!
Creativity, Passion and Innovation !in Finance, Banking and Law
