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Blockchain Will Transform Customer Loyalty Programs

Harvard Business

household participates in 29 different loyalty programs, according to the 2015 Colloquy Loyalty Census. IBM, for example, is partnering with startup Loyyal to develop blockchain infrastructure for loyalty and rewards programs. First, blockchain could help relieve a large balance-sheet liability that many in the industry are facing.

Travel 134
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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

Unlike national oil companies and oil majors that typically take five to 10 years to develop conventional oil reserves, these independent and “unconventional” players have improved their drilling and fracturing technology to the point where they can respond within months to temporary spikes or dips in the market. .—while

Cash Flow 128
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Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business

It breeds indifference, which in turn breeds a yawning gap between underwriters, whose balance sheets absorb risk (the risk takers), and customers, whose enterprises create risks (the risk makers). In 2015 these top three players generated 48% of the revenues among the top 50 brokers in the U.S.

Insurance 131
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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

See More Videos > See More Videos > Tackle the balance sheet. “Take an interest in the balance sheet and then do the due diligence to understand it,” he says. Experiment with the numbers on your organization’s balance sheet by going through a series of “what if?”

Finance 70
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The Globalization Backlash Is Reverberating Through Boardrooms

Harvard Business

In 2015, Global Trade Alert, an independent trade-monitoring group, cited at least 644 discriminatory trade measures imposed by the G20 economies with the U.S. Meanwhile the Institute of International Finance forecasted net capital flows for emerging markets in 2015 would be negative for the first time since 1988. at the forefront.

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As European Banks Retreat from the World Stage, China Is Stepping Up

Harvard Business

China’s four largest banks have quadrupled the share of foreign assets on their balance sheets since 2007 to $1 trillion—that make gives them larger foreign portfolios than German or Italian banks. But developing economies are rising up the rankings. China has risen from 16th place in 2005 to 8th in 2015.

Banking 71
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10 Flaws with Mainstream Economics

Tom Spencer

In order to develop a more coherent world view that can reliably inform individual, business and government decision making, we must be willing to question some of the basic ideas that are foundational to mainstream economic thinking. High monopoly prices also make it attractive for entrepreneurs to develop substitutes.