50 Diverse Takeaways from Davos WEF2020

50th

I am transparently stealing Ben Pring`s format[i] to honor the 50th anniversary of the World Economic Forum’s (WEF) annual meeting in Davos, with my own 50 diverse takeaways. Some are my own big picture opinions from spending two intense full days in Davos and participating in two side events. Others are takeaways from the diverse speakers that I had the privilege to listen to. And some are my Tech innovation picks again from the events I participated.

  1. Great Greta Thunberg joined the status quo and is now confronted with all the difficulties that grown-up celebrities face. I am not supportive of this at all. I suggest `Leave the kid alone`, she has done enough already.
  2. The “Davos Manifesto” is clear and in alignment with Great Greta`s message. Businesses will continue to be the way we create wealth (of all kinds) but now all adults can role up their sleeves and look at ways to maximize Stakeholder value.
  3. Let’s pass on the torch that Great Greta held, to adult activists.

 

  1. The WEF was originally known as the European Management Forum and only 16 years later when it expanded its scope, was it renamed to WEF. Watch the WEF roadmap here.
    Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. You get 3 free articles on Daily Fintech. Get all our fresh content and our archives and participate in our forum, by becoming a member for just US$143 a year
  2. Even Davos was supportive of Greta. There was less snow and it was too warm. However, that did not reduce the number of men & women wearing light color fur coats and (women) bright color heavy makeup and hanging out on the sidewalks of the Promenade.
  3. Pop-up stores, as “corporate showrooms” on the Promenade are growing.
  4. Last year there were two Teslas showcased outside the Morozani hotel. Honestly, I expected to hop on a driverless car this year, but I was disappointed.
  5. Female dominated panels were all the rage. We were even got offered a special `Women in Fintech`trophy at TechParkDavos (amazing event).
  6. Background and geographic diversity in panels was also rising.
  7. For the first time, the balance of the agendas of the ever-growing Davos side events was greatly tilted towards Sustainability rather than Blockchain.
  8. During the two days in Davos, I did not hear 4IR once. The dominating themes were around ethical regulation of the technologies.
  9. WEF Davos is becoming more about social issues rather than businesses, which gives us hope for explicit and intentional innovation on the Societal front.
  10. Surprise on the Promenade: A “cannabis-tech” expo for the first time. No comment.
  11. Ben Pring says that `Wellness” advisors from Beverly Hills have started showing up in Davos. I did not see them. However, the Blockbase Davos space was really well attended. Linking spirituality, arts and technology. Worth visiting.
  12. WEF Davos was echoing with links between Ecology, Economy and Consciousness.
  13. Goldman Sachs`s announcement to no longer take any company public unless there is at least one diverse board member, was very in vogue with the Davos narrative. Maybe they will be the ones taking Ripple to IPO (an unexpected hint during Davos) as their board is really diverse.

Artificial Intelligence

  1. AI will have huge applications in the real economy. We humans will be training lots of micro-robots to perform tasks (micro-robot training).
  2. AI will have huge applications in optimizing transportation.
  3. Only 20% of large corporations have made a difference by using AI.
  4. 54 million people are wasting their time with jobs that AI data management can do better.
  5. “AI is going to become more and more accessible to everyone. It is not going to be only for the privileged neither controlled by the big companies.” says Jürgen Schmidhuber
  6. `X+AI will be the norm` says Ben Pring
  7. `Self-improving AI will change everything`says Jurgen Schmidhuber, founder of Nnaisense.
  8. #AI is like babies – they need lots of #Data, lots of #Information. They need their parents teaching them. AI needs us, humans” says Jurgen Schmidhuber
  9. Did we ask for this?: AI & IOT can help moms monitor whether their kids brush correctly their teeth
  10. Did we ask for this?: AI & IOT can help men & women apply moisturizer exactly on the areas that need it.

DATA:

  1. The old adage `Location, location, location` is now transformed into `Availability, availability, availability` which means the power is in the accessibility and data.
  2. $4 trillion USD is spent by corporates every year to prepare data to be used by AI algos.
  3. Global Data Excellence is global leader in Data excellence management that maximizes business value with a clear focus on the social value mission.
  4. Trigyan offers an innovative data platform that is domain neutral to link data at scale and real-time – Glide (Graphically Linked Integrated)

Platforms are the only Sustainable business model (a pick of the ones I met in Davos during the WEF)

  1. Capital Markets: LoanBoox is a Swiss debt capital market platform digitizing capital markets for the municipality sector and eyeing much more.
  2. Banking: Pelerin is a blockchain-powered core banking operating system. No fractional reserve banking, rather a marketplace approach to digital assets.
  3. Digital ecosystem: The 1 billion retired people are a virtual continent that needs to be serviced accordingly. Dmitry Kaminskiy is the coauthor of the upcoming book Longevity Industry and covered tech in this the longevity space.
  4. Digital ecosystem: YesWeTrust is a Swiss-based unique ecosystem growing a community around health, sustainable investing, and a marketplace for sustainable consumption.
  5. Digital ecosystem: Beyond Animal is another Swiss-based unique ecosystem focused on the sustainable economy. A networking platform, a crowdfunding platform for sustainability business, and a AI-powered supply chain assistant.
  6. Digital ecosystem: Graypes is another Swiss AI-powered ecosystem that evaluates business ideas. Funds them and offers a network to grow them.
  7. Sovereignty: Liberland is a micronation powered by blockchain and other technologies that setup a rep office in Zug after the WEF.
  8. Ria Persad spoke at TechParkDavos: She is the founder of Statweather, a 10yr old award winning company providing state of the art weather prediction systems and risk mgt. She bootstrapped the company with stay home moms working part-time!
  9. NASA and Diversity: The NASA Artemis program, will send the first woman and next man on the Moon by 2024, using innovative technologies to explore more of the lunar surface than ever before. Cindy Chen spoke at Diversity in Blockchain about Artemis and the new female spacesuits.
  10. Data scientists: NASA Datanauts is a community for data newcomers, introducing and advancing data science skills, and creating a vibrant data problem-solving community.
  11. Edge technologies: Marco Tempest showed us a VR live application that combines science and illusion. A kind of camera that as you speak on stage, autonomously projects you in a VR enhanced way (a real-time transformation to a magical virtual world).
  12. The transformation via AI is leading the world from Automation to Autonomous; said Nicolai Waldstrom, CEO & Founder, VC BootstrapLabs
  13. Evan Luthra, is a truly native entrepreneur and angel investor, who has founded the iyoko.io ecosystem supporting people and innovative ventures.

Davos Events I attended or were on my list but never made it:

  1. Follow SwissCognitive – The Global AI Hub, the host of the TechParkDavos, and Yusuf Berkan Altun, the organiser of TechPark Conference Davos 2020.
  2. Follow Diversity in Blockchain and their sponsor BloomBloc who is focused on the sustainable supply chain for agriculture.
  3. Follow the World Innovation Economics events; a platform for sharing ideas, discussing and exploring ways to resolve real-world challenges using Innovations.
  4. The Digital Economist hosted the book launch of Bridgital Nation : Solving Technology’s People Problem co-authored by Natarajan Chandrasekaran and Roopa Purushothaman (Tata). A dream application of AI in India.
  5. The Digital Economist roundtable with MIT Professor Alex ‘Sandy’ Pentlandfocused on co-creating solutions to driving technological convergence into the new digital economy. Using the SDG framework to improve the state of the world through social entrepreneurship.
  6. The Prosperity Collaborative presented insights around building an efficient and fair taxation system by harnessing innovative technologies, hosted by GBBC. Alex `Sandy’ Pentland and John Werner and Tomicah Tillemann were involved.
  7. The Planetary Supernodes annual gathering (an invitation-only event) took place at Blockbase Davos. The mission is to energize and activate thriving projects of planetary impact that engender a sustainable future.

[i] Ben Pring leads Cognizant’s Center for the Future of Work and is a co-author of the books What To Do When Machines Do Everything and Code Halos: How the Digital Lives of People, Things, and Organizations Are Changing the Rules of Business. – FIFTY THOUGHTS FROM DAVOS 50

The post 50 Diverse Takeaways from Davos WEF2020 appeared first on Daily Fintech.

The Self-fulfilling Prophecy; reporting from the WEF in Davos2019

It makes sense to gather high up in the Alps, above the clouds where the sun shines on anyone strolling around while temperatures are -10C or more, to discuss about `Globalization 4.0 `. For those who disagree, just think of it as a tradition.

This year there was no Eureka moment (except if I missed it) but there was a loud and clear support for the Gorilla in the room narrative

A self-fluffing prophecy:

Transhumanism – technology solves our large scale problems!

 So let’s all get to work on experimenting, applying, pivoting technologies, to make the dream come true. It was clear from the themes of talks and panels that we are already spending time and resources on discussing how `Tech` will become reality and what will be the consequences and side effects. Artificial intelligence, Internet of Things, Robots, the future of Work, Blockchain, are the trending tags.

Zoom-in

Given my physical limitations, I attended some events from which I am sharing `color` as we used to say on the trading floor (that is any information that paints a picture of over the counter OTC markets).

20190128_130807.jpg

The Global Business Blockchain Council – GBBC, led by Sandro Ro who was appointed in March 2018 covered diverse topics. I arrived to go directly to the Procivis[1], Vetri[2] event because the issue of self-sovereign identity is a building block towards a more decentralized globalization 4.0. The support from the regulator of the canton of Zurich and the presence of the prime minister of Bermuda were one of the highlights.

Watch this space. Later during the week, Joseph Lubin and Tom Lyons had a fireside chat at the infamous piano bar of Hotel Europe, organized by CryptomountainRocks special event during the WEF, and J. Lubin spoke extensively about uport.

Self-Sovereign Identity is the concept that people, businesses, and entities, can store their own identity data on their own devices, and provide it efficiently to those who need to validate it, without relying on a central repository of identity data and without leaving hackable copies all over the web.

This is really the core of the next generation Web. In a nutshell, it means that Blockchain IDs are the way for individuals and any legal entity. These are universally discoverable through zero-trust datastores.

Self-sovereign identity is the chip for Democracy and Web 4.0

 Having said this, I must point out that the anti-blockchain tribe (N. Roubini and more) continue to highlight that we have actually not seen any real use case of the hundreds of Dapps being developed. I also heard that in the crowd that attentively gathered to hear J. Lubin speak. Consensys has not managed yet to make one of its Dapps a solid business case. The Ethereum protocol on the other hand, in an exemplary decentralized fashion, got used for the next generation of crowdfunding. From a 35,000 feet point of view, this does qualify for the next iteration of a decentralized autonomous initiative, launching a business process that created value but also `polluted` capital markets. I can imagine, reviewing this decentralized autonomous collaboration, to see what worked and what didn’t.

I also attended the Women in Blockchain Switzerland panel, which won my heart as the most diverse panel. I walked away hugely inspired by Viola Llewellyn, the African co-Founder & President of the smallbiz Fintech Ovamba and Diana Grigoras. I am only highlighting these two amazing women, only because I know closely the work that Monique Morrow[3] is involved in, Bill Tai (VC, athlete, educator), and Robin Errico Chief Risk Officer and Diversity & Inclusion Leader at Ernst & Young Ltd, Switzerland (EY), who also participated in the panel.

Viola is another woman that is successfully making an impact in the lives of the small businesses in Africa that don’t have a credit history and won’t be served by banks. She has combined Fintech with her local cultural knowledge to offer short-term capital to micro, small and medium-sized businesses. The capital is provided by international investors from the US, U.K. and Japan. Ovamba covers Africa, emerging markets and the Middle east for trade, inventory purchases and growth. Already a 5yrs old Fintech, mobile only and first launched in Cameroon, it now links capital from overseas to businesses in the aforementioned markets. GLI Finance, the UK based alternative lending provider, and Crowdcredit, a Japanese cross border marketplace lending platform are amongst the international partners.

Viola.png

Communities are still being built with the vision and persistence of a strong leader.

Women excel in building communities, which is excatly what we need for Globalization 4.0.

I visited the Ethereal Lounge and bumped into Don Tapscott who was excited to share more details about the large scale upcoming event in Toronto, Blockchain Revolution Global. A collaboration of the Blockchain Research Institute (BRI) and the MCI world; with a focus on enterprise level applications with a cross-industry selection. I also met for the first time Joe Lubin and chatted about a dear topic to me `liquidity` for digital assets (so many still confuse digitization with liquidity). He mentioned coven.vc, a new Consensys baby, in beta mode which the next generation for designing an open platform for vc investing.

Consensys did layoff people but the venture production continues. Kaleido, a ConsenSys business was launched in collaboration with Amazon Web Services (AWS) this past summer. I heard about it from J. Lubin. It is a marketplace for enterprises to plug-and-play.

Blockchain powered IT services are being built at an accelerated speed. I can’t keep up with innovations.

I spoke at Cryptomountain Rocks, after Daniel Diemers and Barbara Lang, on `A Wall Street take on Crypto`. I shared my strong point of view on how Wall Street will take advantage of the change in the narrative in the blockchain space from a pure `Disruption` rock band style to a `Co-creating sustainable innovation` one.

What parts of the pie from the new digital assets, will Wall Street aim at and what will be left untouched for the cyberpunks[4].

Exclusion is where value is hidden and can be unlocked

 CryptomountainsRock Battles

One of the most effective ways to open up the conversation on topics like decentralization, transparency, rethinking money, unlocking value, digitization of assets and processes, etc, (beyond writing our insights tirelessly here at Daily Finte ch along with others sharing knowledge and expertise on other platforms – text or audio) is the live Cryptomountains Talk Battles that Reto Gradient has designed and is the trademark of the unconference every Spring in Davos. This year was the inaugural event during the WEF of Cryptomountains with lots of talks and panels.

Talk Battle topics during the WEF

  • Forget about Bitcoins
  • Decentralization is an Illusion

The two participants, have 3min each to share their arguments. One has to be pro and the other against. After this the audience votes which speaker needs more support (i.e. arguments are relatively weak). Then, people from the audience line up to support their choice of weakness and have 1min to `help` on stage with their argument. The battles end by….

If you want to participate on stage or from the audience in this kind of battle, come this March to the original annual event in Davos – the unconference with skiing in the morning and talks +.

[1] Procivis and Valid, the early pioneers in Self-Sovereign Digital ID for governments, by Efi Pylarinou

[2] Monique Morrow has been recently appointed President of Vetri. She is the founder of the Humanized Internet and a unique personality that guarantes execution in full alignment with the mission.

[3] Listen to the podcast with Monique Morrow, co hosted with Arun Krishnakumar, on Humanized tech with built-in values.

[4] To book me for a talk – conference event, private event, conference – on this topic or more, click here.

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer.

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