An article in Hacker Noon digs into crypto platform NEO, exploring the company's background, website and white paper; what makes NEO different is that it doesn't have a crypto coin and NEO uses fiat as its internal currency; the NEO coin is similar to a traditional security, functioning as shares in the company that runs the platform. Source
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The State Council's "Made in China 2025" initiative is seeking to transform China into a greater innovator of technology; the initiative seeks to capitalize on artificial intelligence, big data analytics and robotics and is being designated as a three-step national guideline; along with the initiative the country's State Council has identified 17 national-level innovation demonstration zones that will be allowed favorable policies in order to bolster their respective geographical strengths and support increased regional innovation. Source
Dorsey was recently interviewed at the Computer History Museum in Mountain View; Dorsey is bullish on the future of blockchain describing it as the "next big unlock"; believes that people need to be thoughtful in the applications of blockchain, focusing on what are the best applications of the technology; also discusses bitcoin and how it is beginning to reach more people. Source
Oliver Wyman has published a report titled "Fintech In China: Hitting The Moving Target"; the report says when it comes to fintech, China could claim to be a world leader in some respects, in spite of an increasing number of voices questioning the health and legitimacy of the fintech business models; Oliver Wyman believes that technological advances, coupled with the unique circumstances of China's financial system, will propel fintech companies to further drive innovation and disrupt the traditional financial services space. Source
Fintech Global provides the top ten deals for the quarter; financing from the top ten deals was $658 million and accounted for 84% of the sector's total financing; Chinese P2P lender Tuandaiwang was the quarter's financing leader obtaining $262.6 million and was the only Asian fintech company in the top ten; Europe reported the majority of top ten financings with five funding deals. Source