That became the financial mandate during 2017.
And, a knowledge niche Robert Ambrogi made clear was necessary for the legal sector. Here is his thought leadership piece.
You bet, law schools such as U of CA at Berkeley are offering courses on this must-now-understand. Here is a briefing on that and more.
Based on blockchain, no surprise, cryptocurrency was the media money story of 2017.
Ripple has proved itself in pragmatic contexts. One is the transfer of funds across borders.
Usually that transaction can't be done in real time and is expensive. Here is Kailey Leinz's coverage in Bloomberg.
In the Bloomberg Television interview, Ripple chief executive officer Brad Garlinghouse noted how that, before Ripple, usually the quickest way to send funds across borders had been to go to JFK Airport and handle the transaction yourself in another nation such as Mexico or London.
Investors have noticed. Leinz reports:
"Ripple ... has surged 53 percent in the past 24 hours [article dated 12/29/2017] to surpass ethereum and take the title of the world's second-most valuable digital coin by market cap. Ripple's market value rocketed to $86 billion ..."
Threatened are not only individual money-transfer services such as Western Union. In play is the entire global banking infrastructure.
In addition, cryptocurrencies like Ripple are transforming the world of investing. When lawyer turned venture capitalist Michael Arrington launched his hedge fund XRP Capital he made this rule: All limited partners had to do their funding via Ripple. Here is my coverage of that launch.
Cryptocurrencies are also providing startups with another funding option. That's through the Initial Coin Offering (ICO).
SEC head Jay Clayton praised that development. But he warned that ICOs will be treated like securities - that is, subject to regulation. Not everyone agrees with Clayton. Here is my article on how this new wild west could be tamed.
Businesses of all kind want to send the message that, yes, they are crypto-literate - and more.
For example, more of them are including in their communications assignments to me specifications that the implications of blockchain have to be explained. Recently, I researched white papers and articles on those for industries ranging from career transition to government procurement.
Experiments in blockchain are being conducted by corporations such as IBM and the Royal Bank of Canada. They are transmitting the signal that they are indeed in the loop.
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