WEF: How Europe can build a Silicon Valley

wef_0There is lots of intelligence at the World Economic Forum – but this piece I like in particular for many reasons. Mostly, because it is honest and realistic. It simply just does not work that some city or metropolitan area tries to be the „Silicon Valley of XYZ“ by proclamation. Too many ingredients make the actual Silicon Valley what it is and next to public-private partnership and the close-tied web of relations, the cluster, the special openness to change, itarations and – yes – failure. Adoption of change and embracing of change. And let´s be fair, also the Silicon Valley is subject to change and has been time and time again. Currently the hottest companies leave the traditional „Silicon Valley“, named after the Semiconductor-Companies there, to be headquartered im San Francisco. So really we should talk about the greater San Francisco Bay Area. There will not be two areas of this kind on this planet, because you simply cannot replicate everything AND fill it with life, just because it is a political will. And especially this won´t work for a city or even one single European nation. So I like the analysis provided in this great article of the World Economic Forum: How Europe can build a Silicon Valley. 

Bitcoin still struggles to be used as money

For paymentssourcedigital-marketing agency Cooperatize.com, taking bitcoin for payment was easy enough, all co-founder Roger Wu had to do was obtain a digital wallet. To promote the move in 2014, he even penned a blog post for Forbes explaining the decision. A great read on PaymentSource.com – you should read the full article here.

State of BlockChain: Nice read, Pymnts.com!

Pymnts.com is a good source for those interested in Blockchain and Payments – adding to this history is an interview they have done with John Callahan, CEO of the biometric authentication company Veridium. It does not change that Blockchain from my POV is still in a very experimental stage – yet interesting. You can read the full piece here.

Will Blockchain change everything? Or not?

finextraI have so far not made a secret out of the fact that I find Blockchain interesting – but not too convincing and that I do not believe an open-source sort of approach to ledgers is the right way nor that single ledger tech will solve any real world issues. I also know that I am not alone, yet Blockchain IS interesting and in case the fundamental shortcomings are solved it could become something big. If not, it will die and we will talk about the next big thing.

Discussions like this are very fruitful; therefore I would like to share this piece from Finextra, titled „Blockchain will change everything, but only if we find the right talent„. I like this thought because it implies that we need the brightest of the brightest to find solutions to the many short-comings Blockchain technologies bear today.

Worth keeping that discussion going.

Payment innovation requires merchant providers to be a Jack of all trades

Michael Doron, Managing Director of North America at Payworks, wrote a great piece on why merchant providers need to gear up for the increasingly clustered payments industry. Great read at Paymentsource.com, which you find here.