We had an active April indeed, with our launch of this year’s research report on 17 April (180 attendees) at the House of Commons Terrace Pavilion.
And our report found its way into City AM.
The launch was attended by members of parliament, peers, commonwealth delegates, cryptocurrency issuers and followers, technologists, bankers, economists, regulators, trade organisations, lawyers and well, just about anyone that’s anyone. We had remarks from:
- Daniel Zeichner, Member of Parliament for Cambridge and Chair of the All Party Parliamentary Group for Data Analytics
- Michael Mainelli, Executive Chairman, Z/Yen Group & Master of the Worshipful Company of World Traders
- Douglas McWillams, Deputy Chairman, Centre for Economics and Business Research
- Michael Parsons, Chairman, Cardano Foundation
- Boost trade in goods by at least $35 billion, maybe even up to $170 billion;
- Boost world GDP by up to $20 billion;
- Add nearly a million people to the global workforce, boosting wages and living standards worldwide;
- That GDP boost is associated with $3 to $6 more GDP per average global worker;
- Pretty smart, when considering that many of the world’s poorest people live on less than $2 a day;
- And this is just goods, imagine what the predictions would be for services.
Smart Ledgers are based on a combination of mutual distributed ledgers (multi-organisational databases with a super audit trail) with embedded programming and sensing, thus permitting semi-intelligent, autonomous transactions. Smart Ledgers are touted as a technology for fair play in a globalised world. There are numerous projects building trade systems using this technology with announcements from governments, shipping firms, large IT firms, and the like.