Pho’Ever Coding 🪝

The Transformation Known As The 4th Industrial Revolution @genfinity. #4IR If you weren't aware, the world is going through one of the biggest transformational upgrades, known as the 4th Industrial Revolution, to bring our financial markets to the 21st century. 🧵 Our current legacy global banking financial messaging system is based on technology that was first developed in the 1970s, which is slow, expensive manual and paper-based. We are entering the new era made of Industry 4.0 technologies, which are being integrated behind the scenes between global entities, intermediaries and standard-setting consortia to eliminate friction, costs and transfer times. COVID-19 has sped up the digital race to provide an interoperable, global solution to fix the fragmented and outdated monetary system, also known as, “The Grid”. lighthouse.genfinity.io/edit… Data is The New Gold For The Digitalization Transformation 💰 Many people do not understand the true value of data. Data is everything, especially in business. Data helps business owners understand their customers, predict customer behavior patterns, identify trends, improve the quality of services they provide, cut costs, develop new products and understand their value chain processes. It allows you to view your business information with the real statistics that matter. Since 99% of the globe’s supply chain and trade finance industry is based on paper processes, this means the data from the documents is not easily readable by machines and costs a lot of money to the system. 💸🔥