TechnologyDisruption

&

Market Failure

Hermann Hauser Vienna 30th November 2018

Evolution Design

• AI and Machine Learning:

– Robots Autonomous cars, FiveAI

• Blockchain + Smart Contracts:

– Process Automation, Finance, Blockclaim

• Synthetic Biology:

– Healthcare, Pharma, Evonetix

• Quantum Computing:

– Code Cracking, Drug trials, PsiQuantum

Four Disruptive Technologies

AI & Machine Learning

• EU vs US and China: GRAPHCORE

• Depends on BIG DATA

• BIG DATA is owned by GAFA

• PEOPLE should own the data

• GDPR helps

• Purpose legitimises data use (health)

• Break up companies which are too big

• DESIGN OF COMPLEX SYSTEMS

Blockchain & Smart Contracts

• Distributed Ledger Technology (DLY)

• Bitcoin and fraudulent ICOs tainted technology

• KYC, AML key for future success

• Examples:

• Global payment systems

• Real estate: partial ownership

• Insurance: BlockClaim

• Good Regulation needed

• DESIGN OF AUTOMATED EXECUTION

Synthetic Biology

• Genesynthesis: Evonetix

• Live 3.0 by Max Tegmark

• Revolution in Chemistry: Fermentation

• Could cure 8000 monogenetic diseases

• Needs level headed regulation: e.g. embryonic

research council

• DESIGN OF BIOLOGY

Quantum Computing

• Q-bits: Exponential performance improveme

• Code Cracking

• Molecular modelling:

– Drug trials in Silico

• European lead disappearing

• US and China are outspending us

• DESIGN OF QUANTUM SYSTEMS

Role of Government

• Race to the TOP

• Basic Research: Now in Companies?

– Deep Mind , Quantum Computers

• Regulation

• Pump priming: EIC, Catapults

• Crowding in Market Finance by providing equity

• EIC: Blended support: Grants, Loan’s, Equity

• Finance: EU 1/5 of US VC

Conclusion

• AI & ML: Design of Complex Systems

• Blockchain & Smart Contracts: Design of

business automation

• Synthetic Biology: Design of Biology

• Quantum Computing: Design of Quantum

Systems

• EU falling behind US and China

• Role of Government: Regulation & Catalyst