BLOCKCHAIN AND A NEW BREED OF TECH-EDUCATED INVESTORS
A new crypto and blockchain-educated generation of investors is in the making, according to a survey conducted by Coinbase alongside Qriously, involving students and universities across the U.S. One of the most striking findings of the original research is that the “42 percent of the world’s top 50 universities now offer at least one course on crypto or blockchain.”
The research identifies one possible reason for this interest as the potential impact that this technology could have on society at large. The research quotes Dawn Song, computer science professor at University of California, Berkeley: “Blockchain combines theory and practice and can lead to fundamental breakthroughs in many research areas. It can have really profound and broad-scale impacts on society in many different industries.”
The attention gained by blockchain and cryptocurrencies is justified by the volume of a market that has reached $254.67 billion in just a few years (as of early July 2018). As a further sign of interest in the sector, endowments at some of most important universities in the world, including Harvard University, Yale University, Stanford University, Dartmouth College, Massachusetts Institute of Technology and the University of North Carolina, have made investments “into at least one cryptocurrencies fund.”
In particular, a report from CNBC a week ago, pointed out that Yale University endowment made a consistent investment in the $300 million crypto fund of Andreessen Horowitz and in Paradigm, a fund recently launched by Matt Huang and Fred Ehrsam, respectively a former Sequoia partner and the co-founder of Coinbase.
The decision maker of Yale University Investments Office is David F. Swensen, widely considered one of the world’s top institutional investments manager, known as “Yale’s Warren Buffett” by virtue of his successful run with the university’s $29.4 billion endowment.
David F. Swensen endowment management approach has become a model for other large endowments, coming only behind Harvard’s. Yale’s endowment under Swensen’s guidance generated annualised returns of 7.4 percent in the last decade and 11.8 percent over 20 years, reaching 12.3 from June 2017 through June 2018 versus the 10 percent gain generated by Harvard.
The investment made by Yale University, as underlined by CNBC’s report, represents “a much-needed vote of confidence for an asset class that’s been hammered in 2018 following a historic rally last year and has yet to see the support of major endowments and foundations.”
At Elpis Investments we firmly believe that blockchain has an incredible value in terms of operations management, even in a market that is experiencing a downturn phase. In our first year, we will use the blockchain to record every trade, making them publicly available to our clients and also to the regulatory authorities. Using blockchain and distributed ledger technologies (DLT) to store transaction data, we are going to save on the incredibly high costs of dedicated infrastructures. Our investors will also benefit from the blockchain in terms of efficiency and transparency and in terms of more competitive management fees.
Elpis Investments is going to use a blockchain-based system to store all the information from the buy and sell operations to publicly audit the company for each transaction. Increasing the degree of confidence in assets information and trust in the system, while lowering the probability of attacks and cyber hacking. In a second stage of operations, with PSD2, Elpis Investments will use the blockchain to reduce the time/costs ratio for transactions.
Leveraging blockchain technology will allow the management structure of Elpis Investments to be more transparent and safe: the investors will know exactly where their money are really going on a daily basis, with dividend structures and costs calculated automatically and no room for human mistakes and speculations.
Elpis Investments mission is clear and ambitious: become a leader in the trading and blockchain space by operating more efficiently than the average trading competitors, working on performance only, and building an organisation with a totally open structure, transparent for the investors thanks to the blockchain: they will be constantly able to verify and audit the transactions.
Blockchain technology alongside the latest AI technologies such as Machine and Deep Learning, will allow Elpis Investments to both increase the efficiency of the investment strategies, and to engage traditional, institutional investors alongside the new breed of retail, educated investors, that is emerging thanks to the described empowering process, increasingly spreading out a more aware approach towards the potential of these technologies.
If you are looking for a solid and trustworthy Artificial Intelligence-driven Trading Company and want to participate in our ICO, check out our website www.elpisinvestments.com, or join our Telegram group to get in touch directly with us.
Giuseppe Solinas
Chief Editor of Elpis Investments, the first AI-driven Crypto and Traditional Assets Investment Company: www.elpisinvestments.com, info@elpisinvestments.com
Originally published at medium.com on October 15, 2018.
