Banking the Unbanked always refers to human beings and their enablement to participate in the global financial system by providing them with bank accounts. In this post, I suggest creating the Economy of Things by banking the unbanked IoT — i.e. machines, devices, and tools within the Internet of Things IoT. Globalization has made our world a smaller place: through the internet, we know everything that happens somewhere within minutes, through air
On 1 August, we announced our new joint venture RAAY RE we have founded together with our partners Hammer AG and Wertgrund AG. RAAY RE, which stands for RAAY Real Estate, is our first vertical within the RAAY Operating System family. RRE is leveraging Blockchain technology to disrupt the real estate industry. The real estate industry has been booming for more than 10 years and most players within the industry have
Yesterday was a great day: I could witness the operationalization of my enterprise protocol evolution model. Nobody at the MunichRe symposium specifically talked about the model. However, the symposium’s theme “Modularisation of the Insurance Value Chain” actually is the operationalized version of it. Here’s my perspective on the next evolutionary phase of companies: enterprises will be organized like modularised protocols: Enterprise Evolution Model — The Modularisation of the Value Chain. In my
We become cultured through training in various activities, such as customs, arts, interacting with people, the use of technologies, and the discovering of ideas, the learning of beliefs, shared philosophies, and religion. Our brains are modified by our cultural activities: Cultural change triggers the neuroplasticity of human brains. Since all our brain modules are plastic to some degree, we have the ability to create signature cultural activities and to respond
Thanks to neuroscience research, we today know that we don‘t exclusively absorb culture through universally shared, standard-issue, human perceptual equipment, but culture determines what we can and can‘t perceive. Our functional cognitive architectures are modified by our culture. The impact of this so-called perceptual learning is bigger than most of us imagine. Not only literacy and language but also such fundamental brain activities, such as sight and perception, are changed
Being an entrepreneur, my life has always been thrilling and rich in variety. While studying and after a few stunts as a working student at Henkel, it was clear to me to become self-employed — I wanted to be my own boss. Being an entrepreneur, I always have my curiosity radar turned on — which supports my Connecting the Dots — the Synchronicity Strategy. I started with Web 1.0, an online travel agency, a pure e‑commerce
Mankind seems to have reached a crossroads. At environmental, political, and economic levels more and more urgent hazard warnings appear. Man has to cope with this high-speed change, and there are many well-intended activities already underway. However, what we need to survive exceeds fast-track rescue plans and well-meant community engagement. We have to bethink ourselves of our inherent abilities and leverage our entire skillset — after the Cognitive Revolution there comes the
There are many ways of interpreting things that happen in our lives. From my perspective, there is no such thing as a pure coincidence, but everything happens for a reason — and there are ways to leverage on and learn from that. Good and bad things alike, have helped me to understand my environment better and to improve the quality of my life. It’s not that I’d be looking for bad things to
It is said that a brain‘s size positively correlates with its host‘s level of intelligence. The ability of human beings to use tools in very elaborate ways, to create art or to invent and tell stories to each other people, seems to prove certain supremacy over other creatures. As long as we won‘t have discovered supernatural life, humans regard themselves as being the pride of creation. Alas, we should start with
Having enjoyed a few days of skiing in Italy, I was reminded of a pearl of wisdom by a ski instructor of my kids. After a downhill run, when discussing what to improve skiing, the instructor told my son: “Not the slope must change — it can’t — you must!” In other words: Change yourself before you try changing the world! This simple statement by a veritable expert in this field (as opposed to my son’s
During winter, it sometimes snows in Germany, even in the climate change-raddled 21st century. In the first weeks of January 2019, we are experiencing heavy snowfalls — a weather condition that results in a variety of effects, from the impossibility to bike to work, over flight cancellations, or accidents. to snowball fights and deep powder skiing. We’re experiencing the beauty of snow — and — that A snowflake never falls in the wrong
Yesterday over lunch, we discussed the libertarian notion of essentially getting rid of legacy complexity, such as legislation, regulation, etc. Some of the early proponents and creators of cryptocurrencies have expressed libertarian world views by trying to leave the monetary system of central banks and hand over the power of money creation to the people. Extreme views like this might seem promising, but I prefer crossing the chasm and building bridges