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Good observation. Thanks for reading the article.

Thanks for reading the post and providing feedback. In technology world 'WHAT; has remained same, but now 'HOW' is different. We are reading book, ordering groceries, watching movies but the way, we are doing this is different. The 'HOW' part is different and the same applies here. Once again, Thanks. 

Thanks for reading the post and your input. Now, we are seeing re-composable banking, which is helping banks to choose best-of-the-breed solutions. Federated Enterprise Technology buying is related to that. Once agian, thanks.  

Thanks for reading the article and your input. To start with, almost members of society, including GENz is looking for personalized expereince as they already get the personalized expereince from various social media platforms.

There are reports from all analysts, which provide the data and need for personalized expereinces by banks & financial institutions. 

Hope this clarfies.  

Thanks for reading this article and your input. As I have mentioned in the article, we want to again stress on 2 points.

1. In most cases, technology has helped us in reducing the cost. The 'What' part has remained the same, but the 'How' is different. This is true here also.

Though earlier, one could have also achieved the requirements of 'releasing funds only after certain conditions are met,' but that was done through separate functions.

In banking, it means that separate Standing Orders need to be set up for daily fund transfers. In the case of stock trading, a separate margin account needs to be maintained.

With "Programmable money," those overheads can be removed, costs can be saved, and those benefits can be passed on to the customer. 

2. With "Programmable Money," the logic is embedded into the value. In the current system, the value ( amount ) is stored separately. And that is fetched using a function call or API. This a big difference. 

Hope this clarifies.

Agree Chris. Application, on its own, should be modular, should have well defined & demarketed components  and (should be) scalable. If the underlying application is not properly defined, than in short term, cloud can help in scaling the application but that will be very costly.   

Very insightful and informative post. This is very much required now. The strange part is that today many tools are there, which can help you in knowing/ascertaining the credential as well as give total 360 degree view of a website ( Think of DA/PA score etc) or various index, which tells, how strong your social media profile is. But an individual doesn't have 'an identetity' which tells everything about him.  

Thanks for your input. It's not fair on my part to list only 1 or 2 companies. Also, please look at companies across the globe, and you will find multiple examples here. You can also look into 'Sustainable Cities: Enabling Positive Change through Innovation and Collaboration,'' published recently by the FINEXTRA team. Also, as highlighted in the article as well in my earlier comment, following ESG practices means following ethical, inclusive, and fair business practices. I understand that you are referring to one investment company example. We will see many other examples of companies that have taken the ESG route. Most importantly, we all need to encourage ESG practices and follow those in our daily routines. 

Thanks for your input. Blockchain helps in making sure that underlying data is not tampered with. That's why it is playing a significant role. A smart contract is a powerful software. As the saying goes, 'Software is eating the world. ' Software codes have impacted our lives in various ways. Behind all big companies, technology ( which contains Software) plays a big role. Be it providing a Digital experience, connecting with the remote world, or improving overall financial inclusion. In the Digital world, many timesoften, Our 'What' part has remained the the same, but the 'How' is different. We read books, watch movies, and order groceries, but how we are doing has changed. Blockchain and smart contracts are again helping us change the 'How' part. Both will help bring liquidity, automation, transparency, and affordability to various asset ownership. 

Thanks for your input. There are many companies that have seen improvement in both the top line and bottom line post-adoption of ESG practices. Also, all stakeholders, from shareholders to customers to employees, ask for ESG practices to be followed. Everyone understands the importance of this. Following ESG practices is as important as following correct accounting practices, promoting diversity inside the company, or being fair in all your transactions. We all need to be sensitive towards the environment, follow sustainable business practices & ensure proper governance. I hope this clarifies.