Paul Mampilly Explains How Blockchain Might Make Identity Theft A Thing Of The Past

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Blockchain technology is mostly associated with cryptocurrencies in most people’s minds who know about it. However, it might just someday be known for putting a stop to identity theft. That’s the opinion of stock picker and financial analyst Paul Mampilly. He sees this technology as ideal for making sure people are who they say they are.

Up until now, when people need a government-issued document they have to go through an onerous process. To get your driver’s license renewed, for instance, you will probably have to sit in an uncomfortable plastic chair for half the day. This is also true of trying to get social security cards, birth certificates, passports, and so on.

There’s a better way of proving who you are, Paul Mampilly has said. Using blockchain, people could have instant access to information about themselves such as proof of their address, proof of identification, and so on. Blockchain technology can be used to give people access to this information in a very secure way that cyberthieves can’t get at.

Check out ideamensch .com to read full interview of Paul Mampilly.

Nobody knows who invented blockchain by they go by the name Satoshi Nakamoto. This person wanted to create a digital currency that people could use to make payments online instead of with a credit or debit card. It’s the technology behind bitcoin and other digital currencies. Paul Mampilly thinks that blockchain will last longer than cryptocurrencies will because it’s more useful out in the real world.

The genius of blockchain is that people need a code to access your information. However, that information isn’t stored in a centralized location where it’s hackable. Instead, it’s spread out to hundreds, even thousands, of computers around the world in small chunks. The code that makes up blockchain is ever-changing and highly complex, making it ideal for preventing hacking.

Paul Mampilly says that blockchain can be used to provide instant access to a person’s information while being secure. This technology could eliminate carrying around driver’s licenses and other identity documents. It can even eliminate the need to carry around debit and credit cards making carrying around a wallet a thing of the past.

Website: https://paulmampillyguru.com/

HGGC Enters Agreement With Dyal To Bolster Investment Muscle

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The Palo Alto-based private equity firm HGGC has announced that Dyal Capital Partners has opted to buy a passive, non-voting minority stake in the company. Richard Lawson is Chairman and CEO of HGGC. He said the deal with Dyal will provide his firm with “balance sheet capital” that will support its investing platform while also increasing commitments to its own funds.

The investment by Dyal will not have no impact on the current day-to-day operations of HGGC, Lawson said. Also, the transaction will not change what has been a remarkably successful strategy for HGGC.

This firm is focused on high-tech, middle-market firms that can benefit from massive upgrades in technology. This helps them compete in a business environment that has been powerfully altered by such tech giants as Amazon over the past decade or more.

HGGC was founded in 2012 and has experienced rapid growth since. Today the firm reports $4.3 billion in cumulative capital commitments and a total enterprise value of $20 billion. It has achieved 118 portfolio investments. Its portfolio companies comprise some 63,000 employees.

It’s a company that invests in firms that have been determined to be highly competitive in markets defined as “defensible.” HGGC seeks to add value through supplying key operating skills and building relationships. Lawson likes to say his company distinguishes itself by demonstrating an ability to seek out and invest and/or acquire businesses with strong potential to scale creating partnerships with owners, managers, founders and sponsors.

In addition to Richard Lawson, the company is steered by a team of financial all-stars with long track records of success in their respective sectors. They include the former NFL legend Steve Young, the quarterback who led the San Francisco 49ers to three Super Bowl wins. He was conducted into the NFL Hall of Fame in 2005. He is now determined to make his mark in the highly competitive PE world.

Other big names include Gregory M. Benson, a former Bain Capital executive. Leslie M. Brown was former Nutraceutical International CFO. Original founders included the legendary Jon M. Huntsman, the founder of Huntsman Chemical Corporation, and Robert C. Gay, a significant figure with the LDS Church.

https://www.prnewswire.com/news-releases/rpx-corporation-to-be-acquired-by-hggc-for-10-50-per-share-300639821.html

The Story behind the Rise of HGGC

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Most successful companies have a very interesting story about how they were founded. Private equity firm HGGC is no different. The company was started with very little fanfare in 2007. In the years since then, it has grown into a massive company with literally billions of dollars of assets. It was not simple luck that allowed this company to become this big and powerful. It all started with the idea that three men had in late 2006. They had all been working at various investment companies around the world. They wanted to join forces and poll their resources for the purpose of creating a private equity company that would be different than all the rest. HGGC was born as a result of this idea.

HGGC did not have much capital when it started. What it did have was a bunch of skilled people who were dedicated to making the company a success. They were very careful with their investments early on. This is a tradition that would continue into the present. One of the things that the company is best known for is how they carefully examine each investment before they commit money to it. This methodical approach was criticized by many people when the company was new. However, the results that HGGC was able to produce were able to change the minds of many people.

The company knew very early on that they wanted to have technology play a very large role. There were various algorithms that were being used for investing purposes. They hired people to design new algorithms that were much better than the ones that were being used by some of their competitors. The advanced technology proved to be a big benefit to the company. The algorithms allowed the company to select many profitable investments that they otherwise might have ignored completely.

The company wanted to be based in CA because of the nice weather. They also wanted to be close to the heart of the tech world. This is why they eventually settled on Palo Alto to build their headquarters. That have been based in that city since the beginning.

 

https://www.reuters.com/article/us-helpsystems-m-a-hggc/private-equity-firm-hggc-to-invest-in-helpsystems-sources-idUSKCN1GA17G