When Shervin Pishevar set out on Twitter to highlight some of his thoughts about the US economy and other financial related matters, he expressed some deep issues that need to be looked at for the economy to thrive. In 50 messages, he outlined what he thought was wrong with the economy and the financial industry as a whole. In his opinion, the country was suffering due to mistakes made by those in positions of leadership in the government as well as those in the private sector. In tweet storm that lasted 21 hours, Shervin Pishevar made it clear that the future looks dull for the US economy. In his analysis, indications of a financial storm have been triggered, and it is only a matter of when for the storm to take shape. Already the New York Times has reported that major investors are selling off their assets to avoid losing in the financial storm that is beckoning.
Apart from the performance of the US economy, Shervin Pishevar also took that opportunity to talk about other factors such as the performance of the cryptocurrencies. In his opinion, bitcoin and other cryptocurrencies should be supported as they stand separate from the centralized banks. He says they will bring a perfectly efficient and frictionless trading environment. However, he maintained that bitcoin would not support the high prices that it recorded at the end of 2017. He predicted that the prices would fall until they reached the $2-5k range.
Shervin Pishevar also highlighted the shift in the position of Silicon Valley as the most important innovations hub in the world. According to Shervin Pishevar, the United States is building walls to prevent immigrant talent from having an opportunity to grow in the country. He thinks that this is a wrong decision that the country is taking since it will work against them. In his prediction, the idea of Silicon Valley is no longer about a physical place and but an idea that is being implemented in almost every country around the world. Shervin Pishevar was part of the Obama administration that created a proposal in the form of the Startup Visa Act that was intended to allow immigrants talent into the country. He is of the opinion that immigrant talent no longer needed to come into the United States since the idea of the Silicon Valley has been devolved to other parts of the world.
At the moment, Blockchain is revolutionizing banking industry in a great way credit to the advancement in technology. You find that over three million individuals across the business world have been using Blockchain debit card developed by UEPS. This technology use is gradually creating the lowest banking costs across different fronts. In this piece, we are going to discuss Serge Belamant profile, the man who created the Blockchain patents back in 1989 as well as the person behind the banking industry revolution.
Who is Serge Belamant?
About Serge Belamant, he was born in France in the year 1953. Later their family relocated to South Africa when he was still a little boy. While in high school besides playing rugby and chess, he also went to different trainings and attended English lessons. He has a diverse career background, which forms the basis to his outstanding achievements in his career life. It is worth to note that Serge switched courses in tertiary level of education from applied mathematics to computer science as well as to engineering. He also went to a training course where he attended various information systems classes.
Serge Belamant Achievements
Well, Serge has many achievements in his life apart from being the holder of the patent to the Blockchain technology incarnation. He is the Zilch Technologies Limited founding father. Currently, he is the chief executive officer of Net1 technologies, a company developing Blockchain smart cards that will be used as debit cards.
Latest New and Activity
Serge Belamant and his expert team have come up with debit cards using Blockchain patented technology that can be used as smart cards. These cards are designed in a way to make them operate where Europay MasterCard Visa can be used. These debit cards use distributed ledgers that can operate efficiently without having to communicate to an online or offline centralized computer. This has been viewed as one of the significant steps that will eliminate traditional payment methods which are subject to the mechanical/server and fraud victims. There are a number of advantages that this technology brings about, namely the processing costs for payment will also be reduced to a small fraction in comparison to the traditional payment systems.
It takes a courageous person to criticize the government head-on and explain their dissatisfaction with most of the policies that the government is implementing. Shervin Pishevar has been that person who does not hide his feelings concerning how the government has been conducting itself in recent times. In his 21-hour twitter explode, that was sometimes interrupted by dinner, Shervin Pishevar has pointed out some of the significant economic policies currently being implemented by the government that he is not convinced such strategies will work.
Shervin Pishevar cannot understand why the arguably largest economy in the world cannot accept people with knowledge and skills to live and operate in the country. What worries him the most is that the government has chosen to erect fences in a bid to keep out all people and their endeavors out of the American economy. This is a wrong policy and should not be accepted by the members of the public, as it is geared towards separating the economy from the rest of the world. There is a possibility that America will produce its goods and consume them by itself.
The idea of American exclusivity cannot work in this era. Shervin Pishevar notes that the American government wants to protect its technology but forgets that other nations have significantly invested in technology as well. He highlights that the idea of Silicon Valley is an illusion as the world by itself is becoming a Silicon Valley. He notes development in China, European countries, and the upcoming African countries with much capacity than people though.
It is clear that Shervin Pishevar wants the economy to be open to all individuals who wish to operate and reside in the United States. It is not wise for a nation to exclude itself from other countries around the world and expect to survive. Therefore, it is high time the current administration opens the borders for a border-less world economy rather than closing the borders for people who have grown the American economy.