When working in the fintech area you have to worry about regulators, for many reasons. Based on literature, history tells us that the electronic money was earlier started by 3 major companies, Paypal, E-gold and Liberty Reserve. These technologies was very desruptive and changed how businesses are run today. However, only paypal managed to prosper. The main reason is mainly because of Paypal willingness to work with regulators. While the others became the source of crime related business activities and slowly become irrelevant as they fail to get support from governments and legal businesses.
A few days back, Pernec and PNB comes to visit KICT. Pernec team lead by Pernec's CEO ... and PNB team lead by CTO ... came to our small and humble IoT research lab. One of the purpose of this meeting is to nurture industry and university research collaboration as well as trying to initiate research with commercialization in mind.
For those of you who are familiar with LAMP architecture might at one point want to try a different web server besides the Apache web server. LEMP architecture is actually LAMP but instead of using Apache web server, uses nginx. Some argues that the performance is actually better using nginx. Furthermore, with PHP 7, it can dramatically give you better performance on your web applications.
Japan is heading the fintech innovation in this region by successfully testing a blockchain based derivatives1.
Can't wait to see how this technology works in production.