Concept The concept for future finance I will be targeting at millennials who are interest in selling media such as art pieces, beats, videos, photos and more similar to that of the cryptokitties, there will be an online gallery of work and data generated by users, and using block-chain technology adding digital scarcity to the said data and then auctioning them. There has also been the issue of images being easily replicated and copied over the internet, the Mona Lisa being one of them, yet none of them are the original and thus hold no value. What if there was a digitalized Mona Lisa which holds its value as the code acts as the authentication, This can extend to all forms of mediums such as albums, beats and more the idea is that this would all be accessible through a mobile app where users can track what they have sold/brought, how much they have made and cutting out the middle man of record labels and other large corporations taking cuts.
(I2.wp.com, 2018) For centuries central banks have controlled money, and money is just an accounting system, with the rise of new technologies such as Block-chain comes crypto-curencies in the form of Bitcoin, Etherium, Ripple and many more, as a result we are seeing a decentralised banking system, it has been described as a monetary revolution. The technology can store and record transactions, record value, and doing so digitally so that users can send money directly to each other without the middle man of the bank where sometimes fees are placed. All of this data is stored in the open ledger, which is a distributed ledger and there is no central server, but every user of the crypto currency aids in the process of confirming transactions, this is called a Peer2Peer network or P2P. Block-chain Explained: (YouTube, 2018) Fintech: This is a collective term for technologically advanced financial innovations that result in new financial instruments, services or interme...