Post #78: Conversations with experts

To try and better understand the future your author spent part of last week in conversation with two people at the forefront of innovative thinking: James Arbib, the co-founder of RethinkX; and Oliver Oram, the CEO and Founder of Chainvine. If there were common ground between these two individuals, then it would simply be that the current pandemic calls for a reset; a time to innovate, try new ideas or even, in the words of James, “rethink humanity.”

For those unaware, RethinkX is an independent think tank that analyses and forecasts the speed and scale of technology-driven disruption and its implications across society. We have followed their work for some time but were intrigued to read their recent report, ‘Rethinking Humanity.’ In it, the authors contend that “we are on the cusp of the fastest, deepest [and] most consequential transformation in human civilisation.” Put simply, the convergence of multiple technologies will magnify their respective powers triggering a major decrease in costs and corresponding increase in efficiency. When applied to sectors as diverse as food, energy and transformation, the consequences could be significant. 

We are naturally sympathetic to such a take on the world and have made similar assertions in our own work. When speaking with James, he emphasised that the view outlined was “just one future scenario.” Change would, however, “emerge” in his opinion; technology should be seen a necessary but not sufficient condition for enabling such change. However, it would need to be supported by a robust organising system. States and cities will have a crucial role to play, as perhaps the current pandemic is illustrating. If there were a call to arms from the report, then it would be “don’t crush innovation.”

A similar view was espoused when we caught up Oliver Oram, the founder ofChainvine, a business that creates intelligent databases and ledgers. Chainvine has found that both businesses and governments are more receptive to new ideas than ever before; they are “soaking them up like a sponge.” Thought of differently, the debate has moved on from being “less about AI or blockchain… and more about what technology can do.” Such solutions can clearly help reduce costs and have substantial applicability; from the introduction of health passports to the reduction of paperwork associated with imports and exports at borders. In the new world envisaged by both Oliver and James there would be a fundamental reassessment of compliance, regulation and bureaucracy. Change can be good. It’s happening too; driven, according to Oliver by “fear of missing out.”


Disclaimers

The document is provided for information purposes only and does not constitute investment advice or any recommendation to buy, or sell or otherwise transact in any investments. The document is not intended to be construed as investment research. The contents of this document are based upon sources of information which Heptagon Capital believes to be reliable. However, except to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to the accuracy or completeness of this document or its contents and, Heptagon Capital, its affiliate companies and its members, officers, employees, agents and advisors do not accept any liability or responsibility in respect of the information or any views expressed herein. Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. Where this document provides forward-looking statements which are based on relevant reports, current opinions, expectations and projections, actual results could differ materially from those anticipated in such statements. All opinions and estimates included in the document are subject to change without notice and Heptagon Capital is under no obligation to update or revise information contained in the document. Furthermore, Heptagon Capital disclaims any liability for any loss, damage, costs or expenses (including direct, indirect, special and consequential) howsoever arising which any person may suffer or incur as a result of viewing or utilising any information included in this document. 

The document is protected by copyright. The use of any trademarks and logos displayed in the document without Heptagon Capital's prior written consent is strictly prohibited. Information in the document must not be published or redistributed without Heptagon Capital's prior written consent. 

Heptagon Capital LLP, 63 Brook Street, Mayfair, London W1K 4HS
tel +44 20 7070 1800
fax +44 20 7070 1881
email [email protected] 

Partnership No: OC307355 Registered in England and Wales Authorised & Regulated by the Financial Conduct Authority 

Related Insights

Featured Insights
Featured Insights20 January 2021

Season 3, Post 3: Shop online, and help save the planet

Several times a day, it seems, the doorbell rings, the dog barks and yet another package is delivered to the Gunz household. This pattern – exacerbated under lockdown – is being repeated up and down the country and across much of the world. While the speed and convenience of online ordering is certainly desirable, a […]

Learn more
Featured Insights
Featured Insights15 January 2021

Season 3, Post 2: Hot topics in healthcare

The Westin St Francis hotel on Union Square in downtown San Francisco is normally where the great and good of the healthcare world descend during the second week of January. This year, of course, is far from normal and one of the industry’s largest conferences (organised by JP Morgan and now in its 39th year) […]

Learn more
Featured Insights
Featured Insights06 January 2021

Season 3, Post 1: The weird and wonderful

Welcome to 2021. Sign of the times perhaps, but the title for our opening Blog post of the year perhaps captures both our current and future assessment of the world. Uncertainty reigns as the pandemic rages, but this won’t stop dynamic innovation occurring across all industries. With the present so murky, what could be more […]

Learn more

Get The Updates

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right