1 Level
5 Review
9 Karma
Review on Time New Bank by Helen Strong
M.I.T with its TNB has a great potential of growth. Time, with its commercial…
M.I.T with its TNB has a great potential of growth. Time, with its commercial value, can be traded as commodities. This concept has already been accepted in human society. Time-value of individuals can be materialised. But there is still a long journey for time commodities to become a merchandising
segment.
Pros
- In my opinion, TNB offers a great idea. I have never heard before about monetization of time. The project team highly acknowledges the time-value of money for each individual. They promise to match time exporters and time demanders and initiated collaboration with Miao'A, a celebrity time-value exchange service platform. M.I.T will introduce Time New Bank digital currency based on a Blockchain technology platform. The team is ready to deal with the risks they can face: engage local professional attorneys where the business operates; carefully and accurately identify the market painpoints after one-year down-to-earth market operation; enroll more senior IT experts into the R&D team after sufficient fundraising.
Cons
- The team can face some risks, such as: compliance and operational risk, market risk, technology risk and capital risk.
