Outline of new concepts past dakiyanoos of 1975

First short article, then expand, collect in a book. First of blockchain, stigmergy, black swan, Antifragile, bayesian statistics, forensic image analysis, IBE cryptography, cp completeness, quantum physics, responsible letters, hypersocial beings, envy-free cake division, trapping forgers. I suspect our group fairly represents the best minds of India 75 and most will apologies over (under half the list).

If you became adult in 1970s, many fundamentally hard new concepts have to be learned to have even some idea of new world, if you have experience managing people, it is a waste. What is it that such a powerful statement makes sense – it is that decentralised control, very hard, but is still possible in many areas, like economics, government, administration, economics etc, that was not possible for before three thousand years. Past can be captured very well as analog of UNIX file system with links – hierarchies with symbolic and hard links. It gives rise to the wonder of Microsoft and client-server computing that describes the last 25 years and the rise of internet. It fails in the world after 2010, past to die by 2025.



The first very powerful idea is a block-chain, which can be viewed as a decentralized distributed database. You may have heard the term ‘blockchain’ and dismissed it as a fad, a buzzword, or even technical jargon. But I believe blockchain is a technological advance that will have wide-reaching implications that will not just transform the financial services but many other businesses and industries.

In money like bitcoin, a needed minimum of distribution, I call quorum, is ensured by these kernel elements being there by the idea of mining, where the elements benefit monetarily by discover, even while the computation maintains the transcripts in devolved ways. Cheating is prevented by suicide in search by cheating, error-freedom by majoritarian decision making safe against majority of cheaters, mining limited to a theoretical maximum and NO known ways to mine except by linear search. Net result is a minimum of transcript keeper who don't cheat for self-interest and whose decision-making is by majority. Excellent but for one thing – near impossible to change! I have built a way around. When aaqgs-bitcoin is created, after suitable anonymity is achieved, with slow change possible.
Blockchain-bitcoin is just a start.

Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole.” –  Bob Greifeld, Chief Executive of NASDAQ

“In financial markets there’s always a mechanism to correct an attack. In a blockchain there is no mechanism to correct it — people have to accept it.”- Robert Sams, founder and chief executive of London-based Clearmatics.

“Blockchain technology has the ability to optimize the global infrastructure to deal with global issues in this space much more efficiently than current systems.” – Marwan Forzley, Founder of Align Commerce

A blockchain is a public ledger of all bitcoin transactions that have ever been executed. A block is the “current” part of a blockchain which records some or all of the recent transactions, and once completed, goes into the blockchain as permanent database. Each time a block gets completed, a new block is generated. Blocks are linked to each other (like a chain) in proper linear, chronological order with every block containing a hash of the previous block. To use conventional banking as an analogy, the blockchain is like a full history of banking transactions. Bitcoin transactions are entered chronologically in a blockchain just the way bank transactions are. Meanwhile, blocks, are like individual bank statements. The full copy of the blockchain has records of every bitcoin transaction ever executed. It can thus provide insight about facts like how much value belonged to a particular address at any point in the past. Some developers have begun looking at the creation of other different blockchains as they do not believe on depending on a single blockchain. Parallel blockchains and sidechains allow for tradeoffs and improved scalability using alternative, completely independent blockchains, thus, allowing for more innovation.

gyft, an online platform for gift cards where you can buy, sell and redeem gift cards.

 Chain to offer gift cards for SMBs using blockchain.

Forbes info for investment-level idiots!

Current money players are

Deutsche Bank: innovation labs in London, Berlin and Silicon Valley (July 2015).

NASDAQ: (May 2015) NASDAQ Private Market Platform. leverage the Open Assets Protocol. June 2015, Chain, a blockchain infrastructure provider for FIs and enterprises.

DBS Bank:

Coin Republic, a Singapore-based bitcoin company & Startupbootcamp FinTech. (May 2015)

BitX, Blockstrap and Colu provided the APIs for the two-day hackathon series. Omnichain (first place), Nubank (second place) and BlockIntel (third place,).

EBA:

Euro Banking Association (EBA) (in May 2015)

US Federal Reserve:

(Mar 2015)

SCB:

Chief Innovation Officer of Standard Chartered Bank, said that blockchain leveraged to cut costs and improve the transparency of financial transactions. (July 2015)

derivatives companies CME Group, Deutsche Boerse, clearing houses DTCC (depository trust & clearing corporation) and EuroCCP are working on projects around the use of blockchain as clearing. Also, there has been news that money transfer service provider Western Union could possibly look into Ripple technology to understand blockchain.

Fidor Bank: Kraken , Bitcoin.de, a P2P BTC, Ripple Labs.

LHV Bank: June 2014. Cuber Wallet in June 2015. Coinbase & Coinfloor,digital security with blockchain.

CBW Bank, Cross River Bank:

Ripple Labs = risk management system + lower cost remittance services. Pay pal is passe!

Rabobank, ABN Amro, ING Bank: Exploring blockchain for various banking services.

Goldman Sachs: Circle Internet Financial Ltd.’s $50M funding round.  Future of Finance.

BBVA Ventures: Coinbase.

Westpac:

UBS: cryptocurrency lab in London, smart bonds. Iduct called “utility settlement coin” with Clearmatics. I

BNY Mellon: “BK Coins” for gifts and other rewards.

Barclays Bank:

Safello, Everledger, Barclays’: CBA, Ripple Labs,USAA Bank, ANZ Bank, Ripple

BNP Paribas:

Societe Generale: [Need me bad!] BTC, blockchain and cryptocurrency expertise.

Citibank: “Citicoin,”