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The system, which would come to be called ELIS, was created with the help of IBM and was meant to modernize a process that had for decades been stuck in the dark ages.
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The simple rule change would modernize an outdated process plagued by delays, bureaucracy, and taxpayer-funded litigation.
"Focusing on financial services we saw a lot of potential for a framework and platform like Ethereum to go across the platform of financial institutions and modernize a lot of processes that were stuck in the past," says Marley Gray, Director of Technology Strategy, US Financial Services at Microsoft.
It will be a new additional system with new behaviors and capabilities outside of simply modernizing an existing process.
He said China would respond by redoubling its efforts to modernize its military, a process that has been going on for the last year.
Most impressive to me was that he seemed determined to modernize French socialism, a process too long delayed with the result that the French Socialist Party is a European dinosaur.
A cloud-based app suite, CareCloud attempts to modernize the process of being a healthcare provider; physicians can use CareCloud's web-based apps to streamline the managing of their businesses as well as collaborate with other doctors in the CareCloud's healthcare provider social network.
Blik, which is presenting in the TechCrunch Disrupt Berlin Startup Battlefield today, aims to modernize this process and make it as hands-off as possible by using a combination of wireless sensors and indoor location tracking.
Kenny White saw the chance to professionalize and modernize the process.
Do we need to modernize the process?
Can we get Doha done and then modernize the process so that this thing doesn't become unwieldy and the next round takes 20 years?
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