The world of traditional finance offers security, insurance and a
proven system for investors and traders to participate and grow their funds.
But this system has many limitations.
Meanwhile, the blockchain and cryptocurrency space can offer nearly
boundless potential, freedom and profits, but it lacks stability and
regulation, resulting in little buyer protection. So can tokenized securities serve
as the best of both worlds?
A critical reality for
those approaching advanced age is that, on average, they don’t have enough
money saved to comfortably retire.
supposedly the de facto way for workers to save up for their retirement, yet
the global pensions crisis is a ticking time bomb and very little is being done
to defuse a potentially catastrophic situation. Pension and retirement funds
across the globe are grossly underfunded and, according to the World Economic
Forum, the gap between the assets and liabilities of the world’s six largest
economies is expected to reach $224 trillion by 2050.
Thieves who “skim” credit card numbers are stealing some $2 billion
globally every year. They simply pick up the magnetic images from these cards and
they’re off to commit crimes with the stolen data.
Mastercard and other credit card companies are working on solutions
that employ blockchains to end these information thefts. The credit card giant,
which first began eyeing blockchain
technology to thwart thefts in 2016, has
applied for several
patents for the nascent applications.
Cloud delivery platform Akamai Technologies and global
financial group Mitsubishi
UFJ Financial Group (MUFG) have announced plans to
offer a new blockchain-based online payment network with next-generation
scalability and throughput. According to the two companies, the new payment
system will support a global network for processing credit cards and other
Built upon Akamai’s intelligent cloud platform, this new
blockchain technology is expected to be highly scalable, decrease latency,
enhance security and to vastly exceed the capabilities of other payment
systems, including others based on blockchain technology.
economists at the Bank of America Merrill Lynch, as reported by Business
Insider, when it comes to homeownership,
millennials lag behind every generation before them this century.
A report by the National Association of Realtors shows that
millennials who don’t already own a home are delaying buying one for an average
of seven years. Some of the reasons given for the delay include tighter credit
standards and lifestyle changes. They are getting married and having children
much later than previous generations and also, unlike their parents or
grandparents, millennials come out of college with heavy debts that make it
nearly impossible for them to take up mortgage financing.