27 October 2016
Review from MONEY20/20 - Day 3
Yesterday I spent the final half day of the conference speaking to a number of businesses that have been exhibiting at the conference. A few of the more interesting concepts I am sharing below.
Blockchain companies and as a topic in general have been prominent across the conference as highlighted by the report on day 1 of the Visa and Chain partnership. I spent some time this morning speaking with TØ (founded by the CEO of Overstock.com) who will be launching the first publicly tradable blockchain security in November this year. This is a good example of a real life application, but only time will tell if blockchain becomes mainstream in areas such as payments, identity, security trading and smart contracts. In my opinion blockchain specialist start-up ‘Chinit’ are also one to watch.
Security has been another important topic of conversation. Owl Cybersecurity are specialists in security-related matters connected to the dark web. The demonstration of their live solution showed how much of an identity / security threat the dark web could be as they could easily find mentions of credit card and social security. Their solution can then be used to inform banks and individuals of potential threats.
One of the most impressive things I have seen in the IoT (Internet of Things) arena is the ‘connected fridge’ exhibited by Mastercard Groceries. The solution will allow you to re-order the contents of your fridge via your smartphone and pay via Masterpass. This is currently available in the US with selected grocery stores and via Samsung fridges but is an interesting example of how payments can integrate into the connected home.
Some of the final panel sessions have given some real insight into the industry – an example of this was on the next generation of POS (Point of Sale). Retail POS has been a notoriously slow area of change but there are some great solutions in this area - Verifone Carbon, Revel, Poynt and Clover, that all focus on certain niches providing enlightening experiences to Merchants and consumers alike. Clover have shipped 375k devices this year and with personalised marketplace experiences and new verticles now being served this will surely be a high growth business over the next few years.
Thank you all for reading over the last couple of days and if you would like to reach out to discuss anything related to Money2020 or VocaLink then please do not hesitate to get in touch.