This is the part two of a three-part article series: Getting the digital trust right Getting the digital money right Getting the digital business transactions right Introduction – A chat with a new “friend” Money is probably the most used and least understood asset in the economy. Very few people understand, how it is created, destroyed and moved around in the economy. Although the essence of money is somewhat poorly understood, there seems to be a widespread consensus about the need to improve it. Now that you can ask anything from an AI chatbot and get a very competent answer from any area of life, you may wonder, why does it still take days to transfer money from one continent to another? With computers, we should be able to run one of the core business functions of the financial system better than that!
Getting the digital money right
Getting the digital money right
Getting the digital money right
This is the part two of a three-part article series: Getting the digital trust right Getting the digital money right Getting the digital business transactions right Introduction – A chat with a new “friend” Money is probably the most used and least understood asset in the economy. Very few people understand, how it is created, destroyed and moved around in the economy. Although the essence of money is somewhat poorly understood, there seems to be a widespread consensus about the need to improve it. Now that you can ask anything from an AI chatbot and get a very competent answer from any area of life, you may wonder, why does it still take days to transfer money from one continent to another? With computers, we should be able to run one of the core business functions of the financial system better than that!