DigiMag Glacier_Q4_2017 - Page 23

For this reason, Nigeria is fast becoming the recipient of mind-boggling inflows of both money and intellectual capital, particularly in the field of coding. As people are freed from manual labour, we’ll see exponential growth in formerly underdeveloped economies. This growth will be driven by the chase for computing power – the new arms race. And key to this will be the race for the first quantum-scale blockchain, or cryptocurrency platform – the processing architecture made popular by Bitcoin – which will be key to the ability of governments to most efficiently move information and money around the world. The shape of future democracy will be influenced by data power and the blockchain, as action, reactions and emotions are all being recorded. Former White House adviser Philippa Malmgren addressed retirement fund trustees and investment professionals at the recent Sanlam Investments Institutional Insights conference in Johannesburg.