tyb
Company's that do business with Medici Ventures (Overstock CEO project)
As long as this is NOT used like our current system this has some great potential. There are a few partners associated with these company's however you have to dance with the current music in order to be functional.
These read like a marketing release but this is just preliminary info gathered to give an idea of what is going on here.
All these are backed by blockchain tech.
tZero'
tZERO is creating an innovative capital markets platform, leveraging blockchain technology. We are creating a two-sided network connecting issuers with investors in a superior solution for accessing capital and enabling secondary liquidity for traditionally illiquid investments.
Additional advantages of this alternative system include democratized access, enhanced transparency, and an increase in overall efficiency.
Trade Settlement
Through transparent and secure blockchain technology, issuers and investors alike can feel secure in knowing that tZERO uses advanced features such as two factor identification, multi-sig addresses and other preventative measures in order to help you protect your token investments through our partners.
https://www.tzero.com/
Bitt
Creating payment systems that promote social inclusion, financial empowerment and economic growth for this and future generations.
Financial Institutions
Use CBDC for KYC/AML; interbank transactions and settlements; disbursement of government funds; payment of government fees and taxes
CBDC=Central Bank Digital Currency: don't get turned off by that as this is what we currently have so in order for this to operate now it needs interoperability with FIAT.
https://www.bitt.com/
SettleMint
Processes your smart contracts and generates an application level API supplemented with utility services to query easily, to monitor the state of your system and to integrate it with external systems. This provides an incredible leap in developer experience for your IT team.
https://settlemint.com/
factom
We provide an easy way for enterprises to add data integrity and trust to existing processes using the power of blockchain.
https://www.factom.com/
Ripio
digital wallet. this wants you to sign in to get moar infor…no thanks but you should know what a digital wallet is already.
https://www.ripio.com/en/
identitymindglobal
KYC compliance app
Stop account takeover and prevent account origination fraud. Criminals use stolen and fraudulent accounts to launder funds from nefarious activities and funnel money to terrorist organizations.
IdentityMind fights this with Identity Fraud Prevention, KYC and AML solutions powered by Electronic DNA™.
https://identitymindglobal.com/
voatz
we could use this right now!
Voatz is on a mission to make voting safer and more accessible.
https://voatz.com/
GrainChain
you farmers should look into this
GrainChain’s innovative platform can facilitate prompt payment to suppliers and farmers, and the immediate availability of tradable commodities to buyers. It attacks fraud and corruption through certification and accountability, and it streamlines procedures for all participants in the commodities market.
Thanks to the blockchain architecture, the GrainChain platform creates a digital yet secure record of commodity data and transactions.
https://www.grainchain.io/
There are a few moar but this gives you an idea of what this tech can achieve IF used properly. This is not an endorsement of this particular venture but it certainly is a step in the right direction should it be used in the proper way(s)
The Meeting at Jekyll Island
November 20, 1910–November 30, 1910
A secret gathering at a secluded island off the coast of Georgia in 1910 laid the foundations for the Federal Reserve System.
In November 1910, six men – Nelson Aldrich, A. Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg – met at the Jekyll Island Club, off the coast of Georgia, to write a plan to reform the nation’s banking system. The meeting and its purpose were closely guarded secrets, and participants did not admit that the meeting occurred until the 1930s. But the plan written on Jekyll Island laid a foundation for what would eventually be the Federal Reserve System.
The Need for Reform
At the time, the men who met on Jekyll Island believed the banking system suffered from serious problems. The Jekyll Island participants’ views on this issue are well known, since before and after their conclave several spoke publicly and others published extensively on the topic. Collectively, they encapsulated their concerns in the plan they wrote on Jekyll Island and in the reports of the National Monetary Commission.
Like many Americans, these men were concerned with financial panics, which had disrupted economic activity in the United States periodically during the nineteenth century. Nationwide panics occurred on average every fifteen years. These panics forced financial institutions to suspend operations, triggering long and deep recessions. American banks held large required reserves of cash, but these reserves were scattered throughout the nation, held in the vaults of thousands of banks or as deposits in financial institutions in designated reserve and central reserve cities. During crises, they became frozen in place, preventing them from being used to alleviate the situation. During booms, banks’ excess reserves tended to flow toward big cities, especially New York, where bankers invested them in call loans, which were loans repayable on demand to brokers. The brokers in turn loaned the funds to investors speculating in equity markets, whose stock purchases served as collateral for the transactions. This American system made bank reserves immobile and equity markets volatile, a recipe for financial instability.
In Europe, in contrast, bankers invested much of their portfolio in short-term loans to merchants and manufacturers. This commercial paper directly financed commerce and industry while providing banks with assets that they could quickly convert to cash during a crisis. These loans remained liquid for several reasons. First, borrowers paid financial institutions – typically banks with which they had long-standing relationships – to guarantee repayment in case the borrowers could not meet their financial obligations. Second, the loans funded merchandise in the process of production and sale and that merchandise served as collateral should borrowers default. The Jekyll Island participants also worried about the inelastic supply of currency in the United States. The value of the dollar was linked to gold, and the quantity of currency available was linked to the supply of a special series of federal government bonds. The supply of currency neither expanded nor contracted with seasonal changes in demands for cash, such as the fall harvest or the holiday shopping season, causing interest rates to vary substantially from one month to the next. The inelastic supply of currency and limited supplies of gold also contributed to long and painful deflations.
Furthermore, Jekyll Island participants believed that an array of antiquated arrangements impeded America’s financial and economic progress. For example, American banks could not operate overseas. Thus, American merchants had to finance imports and exports through financial houses in Europe, principally London. American banks also struggled to collectively clear checks outside the boundaries of a single city. This increased costs of inter-city and interstate commerce and required risky and expensive remittances of cash over long distances.
In an article published in the New York Times in 1907, Paul Warburg, a successful, German-born financier who was a partner at the investment bank Kuhn, Loeb, and Co. and widely regarded as an expert on the banking systems in the United States and Europe, wrote that the United States’ financial system was “at about the same point that had been reached by Europe at the time of the Medicis, and by Asia, in all likelihood, at the time of Hammurabi” (Warburg 1907).
rest at link
https://www.federalreservehistory.org/essays/jekyll_island_conference