The Future of Money session at Sibos has become the “crystal ball” identifying major disruptive trends that are likely to affect the financial services industry in coming years.
In previous years, this session covered topics such as the latest developments on virtual currencies and blockchain, the disaggregation and unbundling of the financial services value chain, and automated credit. But what’s the next big disruptive force?
We believe the new buzzword is the interconnectedness of everything at scale and speed. In this Internet of Everything, every thing talks to every thing and end-points make their own decisions, powered by sensor-driven data collection, machine learning and automated decision making.
It is not the sharing economy as we know it, but a data sharing economy where driverless cars make toll road payments per minute, washing machines decide the right energy vendor at what time and price, where products are created ad-hoc and in situ by 3D printers (with IP royalties paid in real time), where investment decisions are made by a new breed of robo-advisors in real time.
Everything happens at scale and speed. This real-time economy will require a fundamental new infrastructure with more dramatic intermediation than what we see today in payments and securities, with frictionless micro-commerce and micro-payment transactions enabling real transparency of money and value in general.
We will need to rethink the notion of ownership and the definition and management of intellectual property, financial assets, digital assets, rights management and royalties in fully distributed peer-to-peer world. And how do we regulate a world where all the rules have changed?
We move from enabling transactions to enabling commerce, from transaction networks to new articulations of value- and trust-webs.
This session will bring together some of the sharpest thought leaders on this radical transformation of our industry, and will focus on the inter-connectedness of everything.
Two moderators will guide the audience through this exercise and ensure a deep interaction with the speakers in an exciting interactive format.
Since Sibos Toronto in 2011, the Innotribe “Future of Money” is standing room only. For the first year, the session moved to the plenary room as a big issue debate, so make sure you’re there early!