FinTech
Technology solutions that open up the Financial industry to the trusted blockchain platform, the blockchain introduces a way to create more scrutiny and transparency.
With the ownership and provenance of a transaction being recorded in the blockchain at the earliest stage and verified at every subsequent stage, agreement among all parties involved in a transaction is guaranteed. it could theoretically be used to secure and verify any type of transaction, from simple goods-for cash exchanges to complex transaction management, without any third-party interaction.
Smart Contract
Smart contracts are simply put computer programs that act as agreements where the terms of the agreement can be preprogrammed with the ability to self-execute and self-enforce itself.
For instance, a derivative could be paid out when a financial instrument meets certain benchmark, using the blockchain technology and automated payouts with Bitcoins. The main goal of a smart contract is to enable two anonymous parties to trade and do business with each other, usually over the internet, without the need for a middleman.
Shared Economy
By enabling peer-to-peer transfer of assets over the Internet, the blockchain opens the door to direct interaction between parties. Unlike traditional systems which require trusted entities to verify and validate transactions online, a blockchain-based system is maintained and updated in real-time by a network of computers linked through specific software — a truly decentralized sharing economy results.
Artificial Intelligence (AI) and Machine Learning
Sometimes called machine intelligence, is the theory and development of computer systems to perform procedures normally requiring human intelligence.
Machine learning is a subset AI in which algorithms learn by accurately predicting outcomes.