How familiar are you with the industry of blockchain and cryptocurrency? Regardless of how well-informed you may consider yourself, it is unlikely that you know who this important individual is. Serge Christian Pierre Belamant is not as well-known as some other names in the sector today, but his impact on the blockchain world is undeniable. Net1 Technologies was founded by this French born visionary who spent his childhood in South Africa. The man who lives currently in the UK invented a groundbreaking product which he named the “smart card.” This was the first ever debit card that made use of blockchain, and its relevance is still felt today, despite all of the technological progress that has been made.
If you are curious as to how this early blockchain debit card worked, then the system can be easily explained by a battery-powered machine, which helped with transactions made offline. As a result, these cards became quite widely accepted. This all was good enough, but things got even better for the card of Serge Belamant in 1995, when Visa stepped in and helped him with the development of an efficient application for the card’s use, which became known as COPAC. Millions of people in various countries now make use of the Serge Belamant product, but there will no doubt be even more satisfied users in the coming years, thanks to the explosion of blockchain and cryptocurrency.
With all of the success that he and his company have seen in recent times, there are many readers who will find it baffling that Serge Belamant actually left college after a few years and never earned the coveted university degree. However, he has clearly executed his vision with precision as Net1 Technologies’ Chief Executive Officer, and signed important deals in Russia and some other nations along the way. NASDAQ is the biggest, most famous stock market on the planet, and entering it in 2005 was quite an achievement for Serge Belamant and his prized company.
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Hussain Sajwani is DAMAC Properties’ chairman/ founder. He believes in what Darwin said- the ones who will survive are those who manage change and not the most intelligent or the strongest. According to the DAMAC owner, Darwin’s words are resounding when you look at the seismic shifts we are experiencing today. With change comes challenges and opportunities.
Hussain notes that business leaders and policymakers have the responsibility of steering the world to a brighter future. With the latest technological advancements, there are enough tools to better Planet Earth. Not long ago, there were many marginalized areas cut off from the rest of the world. Through technological and scientific innovation, our society is more interconnected and efficient.
According to Hussain Sajwani, the previously excluded societies now have information access. It gives them an entry into the global arena where they can be contributors towards a new world order. Even so, the DAMAC owner acknowledges that new risks are emerging. Some of these issues cover climate change, food/ natural resource security, and social/ economic disparity.
For Hussain, the best way to solve our emerging problems is by banking on economic/ social transformations. We can bring these changes about using emerging and better-developed technologies. The DAMAC owner believes the Middle East’s position puts its people in a favorable place as drivers of change.
For decades, the world’s geopolitics have significantly involved the Middle East. It is a focal point because of its geographical location and human/ natural resources. The region is an opportunity considering it has over 400 million people (40% are under 25), 40% of gas reserves globally, and 65% of all OPEC oil reserves. It is also home to the world’s biggest international passenger traffic airport.
Hussain Sajwani acknowledges that the responsibility of shaping and empowering Middle East’s younger generation lies with the leaders of today. That is why the city of Dubai is taking vital steps to ensure its people will enjoy a better future. The area boasts comprehensive preparatory programs, rapid technological adoption, and unlimited support to innovation. According to Hussain, these steps will go a long way in ensuring citizens can better manage future changes and problems.
Read more on Hussain Sajwani: https://www.albayan.ae/economy/local-market/2018-04-18-1.3240562
Under the leadership of the Trump administration, the United States withdrew from the deal with Iran involving nuclear program. Until a new deal is agreed upon, sanctions have been placed on Iran and have taken effect earlier this month.
President Trump believes that the sanctions will restrict Iran’s military presence in the Middle East and hopefully reach a new agreement regarding its nuclear activities. The Trump administration is hoping to apply economic pressure on Iran without causing oil prices to surge in the process. It will take some time before the effects of the sanctions are felt.
Even though the Trump administration feels oil prices will be largely unaffected, there is a possibility that consumers in the United States feel pain at the gas pump. One financial analyst who sees higher oil prices eventually from the Iran sanctions is Matt Badiali. He spent much of his life traveling the world as a geologist and he understands the factors that can drive the prices of natural resources.
The oil market did not move much after the Iran sanctions went into effect. Matt Badiali’s Freedom Checks Are Real After All. Matt Badiali believes it is because the United States is allowing eight countries to continue buying oil from Iran for six more months, meaning the sanctions won’t have much of an impact until these countries have to stop purchasing oil from Iran.
There is also more oil on the market because both the United States and Saudi Arabia increased oil production. In the short-term, Matt Badiali feels that there is too much oil on the market, but he believes that is going to change soon because Venezuela is producing 600,000 barrels a day less than it did a year ago and he believes the country’s production numbers are only going to get worse over the next few months.
Iran currently exports 1.5 million barrels of oil daily, but Matt Badiali feels that after the countries can no longer accept Iranian oil, Iran’s exports will fall by 900,000. Oil demand also grew by 2.1 million barrels of oil a day and this trend may continue over the next few years.
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The career of Gareth Henry is as an expert in alternative assets. He builds product awareness for asset managers within the industry. In the past, he was in charge of investor relations for both Angelo Gordon and Fortress investments. This provided him with a unique opportunity to view the growth of the industry. As a liaison between investors and asset managers, one of his key responsibilities is explaining the use of alternate strategies for adding alpha and diversifying a portfolio.
During the past few years, the popularity of hedge funds has increased. Gareth Henry has played an important role in discussions regarding the importance of these assets in the diversification of investor portfolios in a non-correlated manner. He has spoken of the different sizes and shapes of hedge funds. He believes the ability to take different approaches for investment purposes is the core component. He feels investments in assets not classified as traditional as well as short term investments offer investors returns uncorrelated with the standard bond and equity investments. Read the article at institutionalinvestor.com
Gareth Henry has an academic background. He was educated in Edinburgh, Scotland at the University of Heriot Watt. He earned his Bachelor of Science degree for mathematics, ensuring he was able to explain the complicated strategies so commonly used by the managers of modern hedge funds. He has admitted his understanding of complicated math functions is derived from his being a math geek. He has gained experience working for the major players in the financial sector.
Gareth Henry currently has his own public relations firm. He provides alternative asset managers with asset raising services. His network of contacts is extensive, encompassing capital sources such as sovereign wealth funds and pension funds. He has had the opportunity to spend a lot of time observing the thought processes of sophisticated investors in relation to investments in hedge, bond and equity funds.
Gareth Henry uses his experience and knowledge every single day when discussing alternative assets including hedge funds with investors. He is able to compare traditional investments in stocks and bonds including their importance in diversifying a portfolio. He is considered extremely knowledgeable in his field.
Learn more: https://www.bloomberg.com/research/stocks/private/person.asp?personId=32488465&privcapId=1689088&previousCapId=1689088&previousTitle=Angelo,%20Gordon%20&%20Co