Thailand opens one door to Blockchains while closing another to Bitcoin One of Thailand’s leading retail banks and the fourth largest by assets, Kasikornbank Pcl., has entered into an agreement with IBM to develop blockchain services using the Linux Foundation’s Hyperledger. The announcement marks the first time any bank in the tumultuous country has embraced blockchain technology. At a joint press conference in Bangkok on Thursday, the Managing Director of IBM Thailand, Ms.
Will Europe lead the Fourth Industrial Revolution? Up until a few years ago, the expression “industrial revolution” was associated with history, with the radical societal and economic changes that started some 250 years ago. But suddenly, the term is ubiquitous. World-renowned scholars such as Jeremy Rifkin have reminded us that we are living in the middle of a new industrial revolution, one which is again reshuffling our system, presenting us with endless opportunities, if only we knew how to adjust and reap the benefits.
The Meaning of Decentralization – Vitalik Buterin – Medium “Decentralization” is one of the words that is used in the cryptoeconomics space the most frequently, and is often even viewed as a blockchain’s entire raison d’être, but it is also one of the words that is perhaps defined the most poorly. Thousands of hours of research, and billions of dollars of hashpower, have been spent for the sole purpose of attempting to achieve decentralization, and to protect and improve it, and when discussions get rivalrous it is extremely common for proponents of one protocol (or protocol extension) to claim that the opposing proposals are “centralized” as the ultimate knockdown argument. But there is often a lot of confusion as to what this word actually means.
How blockchain will impact accountants and auditors Blockchain promises a world where all transactions can be logged, viewed and monitored in real time. There are potential implications for a wide variety of sectors and professions, not least accountants and auditors. Nick Martindale investigates what it could lead to Back in the early 1990s, very few people had heard of the internet, let alone had any inkling as to just how much it would disrupt traditional ways of working and consumer habits. Now, should the hype be believed, we’re on the cusp of a similar development; this time in the form of blockchain. The potential of blockchain lies in its ability to create a distributed ledger of transactions, of which all participants have an identical copy that can be accessed and viewed in real-time.
Explain Bitcoin Like I’m Five The Solution What if we gave this ledger — to everybody? Instead of the ledger living on a Blizzard computer, it’ll live in everybody’s computers. All the transactions that have ever happened, from all time, in digital apples will be recorded in it. You can’t cheat it. Australian Government Eyeing Big Banks to Prevent Blockchain Monopolization - Crowdfund Insider The Australian Competition and Consumer Commission (ACCC), an independent arm of the Australian government that aims to regulate competition in the market and uphold national consumer law, has been closely eyeing four big banks to prevent attempts of monopolizing the blockchain industry in fintech. The banks include the Commonwealth Bank of Australia, Westpac, National Australia Bank, and Australia and New Zealand Banking Group. According to Reuters, ACCC Chairman Rod Sims said the government regulatory body has not yet examined any cases of Australia’s “Big Four” banks purchasing smaller fintech companies or acquiring blockchain technology. However, in the interest of fair marketplace competition, Sims alluded to the fact that any major proposed deals by the banks would face ACCC scrutiny. Startup entrepreneurs, however, suggest that the ACCC’s attempts at regulation may harm rather than help small businesses.
Visualizer (advertising) A visualizer or visualiser serves a similar function as that of a storyboard artist or concept artist and is a mainly freelance occupation found in advertising agencies to assist art directors in drawing scamps and storyboards to a standard that they themselves could not manage for presentation to clients. Their work is used most often in a pitch scenario where the drawing has to be to a high standard in order to win the business, and their work is routinely passed off as having been done by the art director when presented to clients. They are now increasingly moving away from ink and incorporating digital media into their work.
Bitcoin: the Stripe perspective Many people have remarked that Bitcoin resembles the internet in the early 90s: we haven’t yet built the Googles that will make it accessible or the Facebooks and Netflixes that will make it broadly useful. So it's an open question: what might a Bitcoin that's useful for the mainstream look like? Money Money has three functions: it’s a store of value (that is, somewhere you can put your life savings), a unit of account (that is, a measure of value), and a medium of exchange (a way to transport value). Alibaba Group's Ant Financial Creates Blockchain Solution for Philanthropy Sector The Chinese billionaire entrepreneur, Jack Ma has forayed in the digital currency technology arena. Ant Financial, one of the affiliates of Jack Ma’s Alibaba Group Holding Limited (NYSE:BABA)has been working on implementing blockchain technology in the non-profit and charity sector to bring in transparency and accountability. The blockchain solution developed by Ant Financial is being used by Alipay to record all incoming transactions to the charitable and philanthropic organizations in the country through its payment service. Donations made to philanthropic organizations by over 400 million Alipay users will be recorded on this distributed ledger which can be accessed by the donors to track their donation history and the utilization of their funds. In a statement, the Chief Technology Officer at Ant Financial, Cheng Li said,
Introducing OpenAI OpenAI is a non-profit artificial intelligence research company. Our goal is to advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return. Since our research is free from financial obligations, we can better focus on a positive human impact. We believe AI should be an extension of individual human wills and, in the spirit of liberty, as broadly and evenly distributed as possible. The outcome of this venture is uncertain and the work is difficult, but we believe the goal and the structure are right.