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tv   Business - News  Deutsche Welle  October 31, 2018 12:15pm-12:31pm CET

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she's called for modi to stay away and there are reports of activist leaders who have been detained. and despite protests authorities hope the site will be a popular tourist attraction in this remote corner of india. and they are rushing to ensure the area has enough hotels restaurants and other infrastructure to cope with the anticipated rush. all right you're watching bitcoin turns ten feet and basically basically has more of that story coming right up and business. with him had to be done and it goes up because when i and i know if i had known to them about it i would be that small i never would have gone on the train the view
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that i would not have put myself and my parents on the danger to the products and given to a beautifully for a. mother and son because that one it would be to give them i have serious problems on a personal level and i was unable to live their lives i'm going to. want to know their story into migrants terrified to enter a little information former greats. i think. it's a special day for the world's most famous cryptocurrency so where does because stand ten years after its introduction. also ambitious plans by one of germany's legacy industrial firms will tell you were siemens is about to build and why. and panama introduces a tourism card for cuba could help the caribbean nations more investment back home
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. i'm stephen beardsley in berlin thanks for joining us today is the tenth anniversary of bitcoin founded at the outset of the great recession the cryptocurrency was supposed to usher in a digital revolution in payments just about a year ago at the price of one of its life before coming back down to earth now today there's still a lot of hope and decline and plenty of hype sometimes even those who want to are really sure how it works. in the heart of moscow there's a small and conspicuous shop it may look normal but inside it's a different world the world of bitcoin. there are a fake chocolate bitcoins as well as virtual bitcoins on servers for many of the crypto currency remains a great mystery even though russia produces more bitcoins than almost any other country. with ways to quit the good yeah actually customers come to us and say i want but i don't know what it is and here like in an apple store we explain to
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them that it's possible to make bitcoins on these machines they're told that they can buy it or equip themselves to make it anywhere. and i feel like. the crypto currency is created in heavily guarded block chain data centers like this one in st petersburg bitcoins are bought and sold and the transactions are recorded here currently there are more than seventeen million bitcoins in circulation each worth more than six thousand dollars at the end of last year the currency was booming its value rocketed to almost twenty thousand dollars before collapsing even after a decade in circulation the bitcoin is still not a mainstream currency even though many say it's just a secure block chain technology allows highly encrypted transactions to be carried out and recorded more than a bit more than you can believe it or not but from an economic point of view think companies and for individuals virtual currency is
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a much more effective than any change that country's economy is now depend on economic data. but the crypto currency is not one hundred percent secure hackers have stolen large sums a bit points in several countries authorities often warn consumers about what's called crypto jacking and that has weighed on bitcoins reputation and value. here. now some say that whatever happens to big coin one thing is definitely here to stay and that's block chain the technology behind the cryptocurrency for more i'm joined by thomas shelton he's head of marketing for list a company that builds a block chain platform thomas thanks for joining us why is block chain seen as having so much potential. yeah block change can be seen as one of the most revolutionary technologies or improvements with the internets that got introduced like many years ago and it has great potential so to to use us as an example if i
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sent you a holiday photo i basically sent you a picture over e-mail and i make a copy of that basically. but if i want to send you five euros it's hard for me to proof that i didn't well keep the five years myself and copied it towards you so we would do it is in a trust basis that has been done for for for many years but now we have the internets we can do business with people all over the world and we have not the personal trust between ourselves that people hat's in the past when he did business on a face to face basis so how do we sort of make sure that there's a trust base is there we can share value or trade value over the internet without trusting each other and what block change is it eliminates the element of trust we also call it's trust lists so it's a distributed ledger all over the world of different servers or notes so called and it will maintain and capture that data so we can make sure that the ones that put the data inside the block chain are not the ones that are verifying the data itself
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so distribute ledgers so that everyone can see when something is put in when something is taken out what are the concrete applications of this for business yes so there's is that locations and started bitcoin being like sort of the digital gold order or the replacement even as as the euro or dollar as a use case is a pure insee. and it's still to be made of what you think bitcoin actually is but underlying technology block chain has a far more reaching potential than just secure and so what i said earlier we can capture value and what does that mean value can be in a form of money but also data so one use case for example could be medical records so measure will vary we have one medical records all over the world at any doctor at any time can look into the database and make sure it. that data is original not being messed around with because they'd us immutable and put into a database for people that are capable of to do so so if i get
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a car accident in india and i go to the hospital that doctor can read all my medical data which is being record here in berlin all across the world and it can read out my blood group already all the things he needs in order to operate me successfully so how far away are we from an application like this actually coming into existence where is the technology well there's a few already existing applications being put out of course being the first one to cure and c in the form of bitcoin. and it's it isn't it's more or less the matter of like we need to facilitate infrastructure that's also what we're doing at least till there's a few blocks implication platforms that bring sort of the tools to developers to start building and also businesses to start building block applications and the aim is to get education educate people developers businesses ok what is the the potential of block chain and how do businesses can benefit from that and at the moment you see like a lot of businesses they diving to block chain also because it's a form of marketing because they follow the latest trends but if you really think
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ok if if a company really needs blocks a technology what does it mean and supply chain for example is a very good example that is being experimented with so that more of his use cases like supply chain records of data and of course kiran see is what you see currently but when you look at people in the past about the internet. social media was not even there and only a few years later it came right so lots of potential and of course figuring out what that application is specifically thomas lisc head of marketing or thomas shelton sorry head of marketing for list thank you for joining us through much. facebook's growth is much slower than expected and the company's also not meeting its revenue projections around one point four nine billion people use facebook every day that's up nine percent but still short of the one point five billion the company had hoped for a growth was down in canada the u.s. and across europe company which also owns whatsapp and instagram is still
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struggling with intense public scrutiny from the cambridge analytical data scandal chinese manufacturing activity slowed in october adding to the growing list of bad news for the asian giant which is struggling to keep economic momentum in the face of u.s. tariffs and a weakening currency the purchasing managers' index a key gauge of factory activity fell from september levels according to the national bureau of statistics has taken as a further sign that the world's second largest economy is losing momentum china's of course facing economic challenges at home and abroad both from a trade war with the u.s. to a massive debt build up. and for more on this we're joined now by our frankfurt correspondent daniel cope daniel what are the markets there making of this news from china. yeah there stephen well traders here on the floor have predicted that this would come at one point they have warned already in the past that the strategy off china to maintain their record g.d.p. figures could have at the end also negative consequences because yes you just
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mentioned it in order to grow that fast the debt off china has increased massively china is not just the second largest economy in the world but also the country with a second highest death well why it is estimated to be at a level of twenty nine trillion you ask a dollar and that's certainly not healthy also it is not clear in which direction the trade conflict with the united states will be heading analysts here are expecting that this dispute with the united states will harm the chinese economy even more than you cope there for us in frankfurt thank you daniel. the humans will invest six hundred million euros in an innovation center and berlin it's called future campus and it aspires to become the german silicon valley siemens has engaged startup companies to take part along with scientists and that conceptualization of the campus project for berlin is the largest single investment in industrial company has made since the end of world war two. now over central
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america where panama and cuba are deepening their ties panama has become begun issuing a new tourism card that will allow cubans in the private sector to travel to the central american country without a visa and make purchases very tangible symbol of the strength in commercial ties between the two countries. panamanian president juan carlos introduced a new measure last week making it easier for cubans to travel to and buy goods in panama provided they can prove that they have ties to a private business in cuba currently there are some five hundred ninety two thousand cuban workers in the private sector. we feel that the tourism card will strengthen the economic opening that you're seeing in cuba and permit following the country's rules and respecting the country's regulations and all their systems it will make visits to panama easier because many cubans are traveling they travel to other countries they return to their country and they're setting up their own
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businesses they're moving forward and this facilitates the process. if i think that it is the process of the tourism card comes at a time when cuba is seeking more international investments and credit due to of the quitting crisis and the decrease in aid from venezuela. direct foreign investment in the country has averaged in the hundreds of millions of dollars over the last few years but the government to seeking an annual two point five billion dollars in investment panama's tourism card is supposed to help entrepreneurs in cuba gain more financial freedom. that's it for me in the business team here in berlin will have an update for you in the next hour thanks for joining us.
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from. rome. knowing that the range and. germany's most distance hiking trail. is going to be exhausting and maybe even my shoes will look like this. just in style like
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a hundred and seventy kilometers a trail and unspoiled nature. d.w. . what's the value of a human being. about ten euro's in purely chemical terms. in this brave new world we're constantly being analyzed and revalue and. our people nothing but commodities. what shall you doesn't individual have made in germany in sixty minutes. coach of any. link to news from africa and the world join us on facebook t w africa. entered the conflict zone confronting the powerful.
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after thirteen years in power in some damaging state election results i'm going to start seeing is visibly waning how no kind of. cling on to calm my guess is both i'm sure i think one of the most famous and infamous politicians in germany. conflict zone starts october thirty first on t w.
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today i'm going.

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