Shifts in Information, Communication, and Finance.

Thirty years ago, the world was a very different place. In the past, in order to call another city, you had to sign up in advance and then use a special room like a space portal to talk to someone on the other side of the country. It could take hours of preparation, and your companions in different cities had to be in the same place.

In order to make a deal, you had to negotiate with a person you knew, meet him at a certain location, and sign a paper contract to avoid being cheated. In order to give this person the money, you also had to go on a certain quest—physically go to the bank and make a transfer or find the amount of cash you needed somewhere.

And how can you negotiate something with a person you don't know, but with whom you would like to do business? At best, you could ask your closest circle to introduce you. And to learn something, you had to go to the library and search for a long time for the right information, in the right book, spending years just to find it.

30 years later, technology has radically changed our world; now, information is transmitted almost instantaneously. Events happening on the other side of the planet become known to you in just a few seconds. Geographical boundaries have become less important; now you can move freely or communicate with people from different parts of the world from the comfort of your own home.

Fintech has created a revolution: online accounts, bank cards and cryptocurrencies have appeared, which have simplified and accelerated the process of making payments. Transactions are now made in near real time and their cycle has become much shorter.

However, despite all these innovations, the transaction process has remained much the same as it was 30 years ago. In most countries, it is still necessary to sign contracts, register legal entities, open an account, and so on. Contract law has not changed much. Come discuss with us