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New Technologies (possibilities and implications) (Healthcare (Robotics…

- - - - Reduced cross border trade costs (no forex fees)
      - Increased adoption and acceptance leads to some governments declaring them legal tender. Japan has already done so, Bitcoin could become an alternative global reserve currency (alongside USD and similar to gold)
      - Regulators are starting to require registration (and reporting) for platforms dealing in crypto (exchanges, funds, etc). Majority of user transactions will be visible to SARB, FIC and SARS. Taxation (and fines) to follow as govt responds to the threat to its sovereign currency.
        
        Some govts will issue central bank cryptocurrencies - digital version of the sovereign currency. A few countries are already experimenting with this, incl SA.
      - Citizens of countries with collapsing fiat currencies see larger adoption and usage of non-confiscatable and hyper-inflation resistant forms of money - see Venezuela. These would be the ones to watch for new opportunities - as most people will have native familiarity with crypto, wallets, smart contracts, etc.
      - Near-zero merchant fees vs credit card. e.g. Bitcoin Lightning Network
- - - - In future, this trend could lead to consumers producing a large variety of their own goods - based on open-sourced designs.
  - - - e.g. clothing shopping replaced by VR fitting room, where you can try on an unlimited variety of outfits before ordering them.
      - e.g. AR allows you to see what new furniture looks like in your home
- - - - Demand management
      - Lowest cost routing