“Information technology and business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without the talking about the other.”
BANCA- ‘The wall street on Blockchain’ as they call it is a cryptocurrency investment bankers community based on Blockchain and Big Data. Justifying the title, if we look at the biggest trends in IT these days is Cryptocurrencies, Blockchains, Big Data and Artificial Intelligence. These are the trends on which most global tech community has placed its eyes upon and all the major players in the world market has already set an R&D Department for same. In such scenario, Banca is an ICO that has combined Blockchains, Cryptocurrencies and Big Data.
Blockchain Technology has the potential to completely change the ways businesses perform their operations and maintain their databases. Big Data refers to extremely large data sets that may be analysed computationally to reveal patterns, trends, and associations, especially relating to human behaviour and interactions and “much IT investment is going towards managing and maintaining big data”. Blockchain Technology can easily manage these large chunks of data.
Therefore, rather than investing in management of Big Data, it will be obviously wise to make investments in the technologies which can make these tasks easier. Now to make such investments, it is obviously essential that one requires a credible investment community and investment bank to perform analysis of such technologies. Banca is a new type of an investment bank community built on blockchain technology which uses AI and expert system to achieve the dynamics of Banca’s eco-chain and the automatic management. Big data analysis is utilized to deliver accurate services to various stakeholders based upon their needs.
The good part is this community involves a management team which consists of top- tier investment experts from Wall Street. Not only are those, the experts in AI coming from Silicon Valley, the hub of Best IT experts. Also, big data analysis evaluates the quality of service, professional skills and credibility of each member.
Intelligent searching enables them to quickly find the most accurate information and service. As the Banca Community follows business protocols, trust mechanism and reward system, all built on blockchain technology, it is almost impossible to doubt the credibility of the investments made on the forum. After all what does an investor desires for, that the asset he is investing in gives him assured results and for that he relies on the experts opinion.
Summing up all, Banca has marked an evolution in the tech as well as investment world. It has brought these two nearer and has enhanced the transparency in this highly volatile market. As Klaus Schwab remarked, “The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production.” And I believe the fourth will be marked by Blockchains and Big data in bringing communities together by building global trust and capitalising the dream of “The world is a Family.”