Help Me With Sign New York Banking Agreement

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I think blockchain technology is going to be comprehensive throughout a number of industries. First I do believe that the supply chain process is going to be revolutionized with blockchain technology. And I think we've already seen that with some of our clients who are out in the forefront of this. We're also seeing it though in the financial sector, with the idea of securitization of products and how other technologies and other products can be integrated in an effective manner using a blockchain. And then one other area where I think we're going to start seeing blockchain applications develop is in big data uses where data needs to be stored and accessed and you need a mechanism on how you do that and how you pay for it. And I think blockchain technologies are a natural fit for that sort of application. Blockchain technology has the ability to fundamentally change the way that supply chains operate. The idea that you can constantly and immediately update your supply chain to know exactly where goods are at any one time, promises huge efficiencies. If you marry that with the ability to conduct trade, finance transactions on a blockchain so you can ship cotton halfway around the world, knowing that you will be paid for that transaction when it gets to the other end. That has huge opportunities to sort of open up global trade. There are some other areas which don't get talked about as much. I actually think public services could be a sector that's really changed by blockchain. We're already seeing governments implement blockchain based systems for land registries, making it easier, quicker, and cheaper for people to both register their purchases, and get access to proof of ownership when it comes time to sell. The third place isn't really so much a sector, as a place. A couple of years ago the World Bank estimated that there are over two billion adults in the world who regularly work but who don't have access to a bank account. That limits their ability to travel. It limits their ability to conduct their business. It's very much an issue for the developing world. We're seeing that change already with the use of mobile payments by mobile phone systems. But blockchain offers a real opportunity to lift a huge number of people out of the non banking system. Just about every industry is going to see advantages from blockchain technology In the next five to ten years. Two of the great attributes of blockchain technology is the ability to reduce friction in transactions and the ability to decrease errors associated with centralized platforms. I think already we're seeing benefits coming from blockchain technology in the securities industry. So transfers of stock can be recorded on a blockchain now, proxy votes can be made and recorded and tracked on the blockchain. I think another industry where we'll see the impacts of blockchain technology is in real estate transactions. There are a number of jurisdictions around the globe that have tested or actually implemented blockchain technology for registering and tracking real estate property. So this has huge implications for the developing world. You know about two-thirds of the world doesn't have access to a proper system for registering real estate property. And this can cause problems for people around the globe because they're not able to borrow against their real estate assets. And in many cases they're not able to sell those assets because they don't have a proper chain of title. So protecting property rights through the blockchain technology, I think is going to be a really important advancement that we're going to see in the coming years. And something that's going to help alleviate a lot of poverty around the globe. One other area where I see benefits from blockchain technology is to allow us to put our personal records on a blockchain. And do it securely and with confidence. You know whether it's our passports or driver's licenses or our wills or even our medical records, I foresee the day when we'll be able to put all of that information on a blockchain and keep those records private from those who shouldn't have access but then give access on a selected basis to those who need access. Whether it's our doctors, whether it's a customs agent who needs to see our passport. And we can give them limited access to those records to be able to make those transactions simpler.