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We should care about blockchain because the removal of a central authority and use of smart contracts (codable contracts/business actions) empowers different types of business models, processes and industries by potentially removing a whole layer of administration from the system. It is not just about commercial transactions; information exchange could also happen in the same…
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The EU spent €6.3 billion in the UK in 2017 (about £5.5 billion), down from €7.1 billion in 2016 (about £5.7 billion). As with the EU as a whole, the majority of expenditure received by the UK is allocated to ‘Smart and inclusive growth’ (42%) and ‘Sustainable growth: natural resources’ (54%). The reason England was…
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We expect fintech businesses to take longer than some traditional startups to reach profitability. They prioritise reinvestment in order to scale as their business models often rely on volume in order to achieve profitability. Financial services is a heavily regulated industry with a large legacy technology and transactional infrastructure. Both these challenges need to be…