Enjoy this weekly feed of inspiring, interesting and intellectual articles and news, with a focus on disruption!
Facebook launches its own cryptocurrency next year
Goal to become the first mainstream and globally adopted digital currency. The currency will be based on blockchain technology but will not be speculative like bitcoin and other available cryptocurrencies. Instead, Libra will be backed up by real money. When a local currency is cashed in for Libra, that money goes into the Libra Reserve and an equivalent value of Libra is produced. At the same time, when a Libra is cashed out for a local currency, that specific Libra is destroyed.
Obviously, Libra has a democratic purpose, but the financial incentives is great as well, earning interest on the money put into the Libra Reserve. The question is if the adoption of Libra will be affected by the security problems that Facebook has faced through the years.
Related article: Facebook announces Libra crytocurrency: All you need to know
Huawei to lose $30 billion in sales
“In the next two years, I think we will reduce our capacity, our revenue will be down by about $30 billion compared to the forecast”
– Ren Zhengfei, Founder and CEO, Huawei
After the Trump administration banned US companies from selling their technologies to Huawei (and a list of other Chinese companies) smartphones sales have dropped roughly 40% and are likely to drop even further. The companies market leading position on 5G technology is also being drastically hit. How long will this go on and will China hit back in some way?
Autonomous flying taxis in Paris?
Last week we wrote about Toyotas goals for electric vehicles at the 2020 Olympics, this week more exiting news has arrived in regards to the 2024 Paris Olympics;
“Airbus, Aeroports de Paris and the Paris Transport Authority are exploring the feasibility of using autonomous flying taxis to carry visitors from Charles de Gaulle Airport into the city.”
Apparently they are working on both single and four seater prototypes and the taxis would take off every 6 minutes. Sure is an exciting future!
Related article: Paris may offer flying taxis to 2024 Olympics guests