New PGIM report: $1,2 trillion giant bet on blockchain
By Andrey Mastykin on ALTCOIN MAGAZINE
Global investment giant PGIM, with $1,2 trillion in assets under management, has published a very interesting report observing technologies which would become game changers in world’s business. Interesting, that PGIM’s analysts put the blockchain in the list. By this report, PGIM is prolonging “a good tradition” of the world biggest think-tanks to consider blockchain as an important breakthrough. Let’s look at key moments together.
In the beginning, authors make an accent on the accelerating pace of technological development which is changing reality and “disparate fields between the physical and digital worlds”. 3D printing, artificial intelligence, biogenomics, the internet-of-things and…blockchain are already influencing on business. What will expect from these technologies in the nearest decade?
Authors believe, very soon respective breakthroughs will boost the numerous industries and change all investment field helping the global economy overcome dangerous productivity slowing down that has been going for the last decades.
It’s not surprising PGIM is preparing investors for rapid changes to provide them by new opportunities. “The current wave of new technologies will radically reshape the business and investment opportunity set across all industries globally, and across companies both small and big”.
Blockchain included in the common list for “An approach for maintaining consistent records among multiple counterparties without a centralized clearing house”. As a case of blockchain influence to industrial changes authors give an example of real estate tokenization. They suppose that blockchain could change approaches in this business through the power of smart-contracts. “The combination of blockchain ledger technology and smart contracts could, in theory, allow the securitization of real estate assets at the single asset level, broken down into practically limitless fractionalized units accessible to retail or institutional investors”. As a successful case, they give an example of Australian real estate company BrickX, that “breaks down properties into 10,000 fractional units which are sold to investors via an initial offering and can then be traded on in-platform secondary market, reducing the illiquidity often associated with real asset investments.” Especially strong impact tokenization may have on the countries with illiquid real estate markets.
Let’s take a look at the whole list:
Authors predict the dramatic impact of developing technologies on a broad spectrum of industries from real estate and farming to consumer goods production and medicine. Moreover, the West has lost the role of a magnet for all the best minds from all over the world. Frequently, technologies are spreading to the developed world from China, India and other developing countries. It means the investment field should spread globalization too.
If to reduce the underlying topic to a short prescription for a successful business “If you want to become ‘new Amazon” invest in R&D as much as you can”. Just technologically-minded companies will have a chance to succeed in rapidly changing conditions, where the industrial giants are dictating own agenda, vigorously protecting countless patents and buying smaller competitors. Not surprising, that in the past five years, “investment into R&D by the 1,000 largest firms has increased by over 50% to reach $700 billion”.
#Blockchain #PGIM #AI #The Technology Frontier #Industries of the future
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