Alexander SAMARIN

Digital transformation of business & IT • practitioner • architect • methodologist • professional

[Alexander SAMARIN @samarin]

@richardturrin @BetaMoroney @efipm @BrettKing @SpirosMargaris @jasuja @enricomolinari @mikeflache @baoshaoshan @lajohnstondr Who is the architect of the pan-african new digital financial system?

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky Again, "good practices". Pilots need the well-define context. Usually, pilots are to validate desired architecture and proposed solutions. Typical unfortunate situation: a client without architecture can't resist the pressure from an active vendor to run yet another pilot.

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky This is a normal (good business) practice for public work. Why is it now considered as 1st April joke?

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky And majority of those projects were/are from the same company which stopped answering to its clients.... Not fun at all.

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky Not at all - first things first. Decide the domain. Define stakeholders and their concerns. Do the digital transformation of the domain. Derive the solution. Draw a migration path.

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky It is rather trivial architecture activity (any gov agency knows how to execute it): define a set of the desired features and start a tender.

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky Look at the text below the illustration - the operative word is "explicit".

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky Not WHO, but HOW. Money is a public good. Thus, it must be developed in a way that protects the interests of the wide public. Separation of duties is a must for architecting.

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky Show the architecture with analysis of stakeholders and their concerns. The current proposal of CBDC is broken-by-design: Central Banks develop solution, implement it, operate it and regulate it. Perfect example of ignoring "separation of duties" for a public good, i.e. money.

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky The current system has been designed for the physical word. Its replacement is designed for the digital world first. Normal archtecting must be done before declaring that it is naive or impossible.

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky 1) good - no arguments against my evaluation of the current financial system. 2) any its replacement must be architectured. 3) migration is the most difficult part of that architecture. 4) BTC has escaped the lab too early. 5) BRICS is a club thus useless.

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky I understand that SWIFT and BIS are trying to improve the US-led global financial system which is obsolete, broke and weaponised.

[Alexander SAMARIN @samarin]

@nullpackets @Kiffmeister @pandalamoni @richardturrin @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky "Generals are always prepared to fight the last war"

[Alexander SAMARIN @samarin]

@richardturrin @Kiffmeister @pandalamoni @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky Just a Freudian slip, I think

[Alexander SAMARIN @samarin]

@Kiffmeister @richardturrin @pandalamoni @Nick_kerigan @swiftcommunity @efipm @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky Platform is a set of coherent services in a domain for actors in that domain. Considering that SWFT is in the center (a place for the most important actor) of their illustration then it is certainly nor a platform.

[Alexander SAMARIN @samarin]

@richardturrin @sonjadav @efipm @Kiffmeister @Jonas__Gross @conrad_kraft @joshualipsky We can't say that cryptos were carefully architectured - actually they grew bottom-up. Hope that we are clever enough right now to architect proper money (and payments and maybe intestments) for the Digital World.

[Alexander SAMARIN @samarin]

@richardturrin @efipm @Kiffmeister @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky I meant be logical.

[Alexander SAMARIN @samarin]

@richardturrin @sonjadav @efipm @Kiffmeister @Jonas__Gross @conrad_kraft @joshualipsky As people are not happy with new state-powered money (aka CBDC) then we, people, need our-powered money with desired characteristics.

[Alexander SAMARIN @samarin]

@richardturrin @efipm @Kiffmeister @sonjadav @Jonas__Gross @conrad_kraft @joshualipsky Redistribute of 20+ % of financial sector (wiyh is enabling not core function) stake in the global GDP.