The truth-telling feature of blockchain makes it enormously useful to banks, which have been among the first to start testing it. Microsoft launched blockchain as a service last year. Smaller companies are building dozens of apps on blockchain, such as one for musicians to track and collect royalties on their works. According to CoinDesk, an online publisher, a couple in Singapore recorded their prenup on a blockchain, specifying that every 10 days, 100 minutes must be spent on a date night, that shopping sprees shall be limited to once per fortnight unless it´s for food, and that [Sayalee] Kaluskar must agree to watch The Walking Dead after [Gaurang] Torvekar finishes watching every season of Seinfeld.
In an astonishing admission, the report said its own investigators were unable to obtain key records or penetrate the activities of secretive "ad-hoc task forces". Mrs Lagarde herself is not accused of obstruction. "Many documents were prepared outside the regular established channels; written documentation on some sensitive matters could not be located. The IEO in some instances has not been able to determine who made certain decisions or what information was available, nor has it been able to assess the relative roles of management and staff," it said. The report said the whole approach to the eurozone was characterised by "groupthink" and intellectual capture. They had no fall-back plans on how to tackle a systemic crisis in the eurozone “ or how to deal with the politics of a multinational currency union“ because they had ruled out any possibility that it could happen. "Before the launch of the euro, the IMF´s public statements tended to emphasise the advantages of the common currency," it said. Some staff members warned that the design of the euro was fundamentally flawed but they were overruled
The 50 companies chosen for this year's Change the World list hail from 22 countries. Use our interactive map to see how the corporations doing good by way of big business are spread out across the globe.
Have you ever wanted to trade something fun, rather than boring stuff like oil, iron ore, or shares? Maybe something like burgers? Now you can — kind of. Burger King in Russia has just announced a new loyalty program using virtual coins called Whoppercoins, which is hosted on the Waves blockchain platform. Waves allows users to swap and trade blockchain tokens which have an inherent value on a peer-to-peer exchange. A supply of 1 billion Whoppercoins have been issued so far, and customers will receive one Whoppercoin for every ruble spent ($1 is 59 RUB). They can redeem one Whopper burger with 1,700 Whoppercoins, which are stored in a digital wallet. While the Whopper cryptocurrency is a bit of a gimmick, customers can still trade and transfer the coins, just like any other cryptocurrency.
Even if bitcoin fades into obscurity, finance experts believe that the technology behind it will live on and even change how financial services work. According to a study conducted by Swiss non-profit World Economic Forum, the blockchain, which is the public ledger that makes bitcoin transactions possible without a central infrastructure overseeing them, has the potential to "reshape financial services." The forum is known for holding an annual conference that brings business and finance experts together. Weforum's report says large central banks have already begun looking at how the blockchain can transform the way they move money, especially between countries. It will allow them to do more secure and faster transactions that also cost less than they do today.
A new report from BMI Research has identified the ´10 emerging markets of the future´ ” the countries that are set to become new drivers of economic growth over the next 10 years. BMI estimates that these countries will cumulatively add $4.3 trillion to global GDP by 2025 ” roughly the equivalent of Japan´s current economy. In general, manufacturing and construction are the sectors that will drive the economies. BMI reports that new manufacturing hubs are set to emerge in Bangladesh, Myanmar, and Pakistan, and that these countries will see particularly strong growth in exporting manufacturing industries. And construction growth is going to be widespread throughout all the countries ” partly to facilitate increases in urban populations and partly to help develop the manufacturing sector.
Tesla CEO Elon Musk is making factory worker safety a top priority, saying in a new unconfirmed memo that he wants to personally review every injury report, and meet with every injured employee to get feedback on how to improve safety. “No words can express how much I care about your safety and wellbeing,” Musk wrote in a company-wide memo Thursday. “It breaks my heart when someone is injured building cars and trying their best to make Tesla successful.”
Current transformers certainly aren’t a new invention. Since the first prototype was built in 1885, the current transformer (CT) has been an essential component of the system that measures and distributes electrical current. Indeed, the CT’s basic function has remained relatively unchanged for more than 130 years, with electrical systems large and small relying on CTs to make electrical current usable, manageable, measureable and safe. It goes without saying that the world of electricity-powered devices has changed drastically since the current transformer burst onto the scene. While the basic principle has remained the same, CT’s components have altered to support the use of electricity in our everyday lives. Today, updates to CT design and engineering fit them into devices as small as a 9-volt battery and make them powerful enough to back systems as large as an electrical grid.
On Thursday, a D.C. court ordered DreamHost to comply with the Department of Justice’s request for data related to the anti-Trump protest website disruptj20.org — with some meaningful stipulations. Following the hearing DreamHost published a blog post hailing the court proceedings as a win, though acknowledging that it still viewed the DOJ’s modified request as “overly broad.” Still, the DOJ won’t be able to obtain all of the information it originally sought, including the IP addresses of more than one million web visitors, and now that process will be heavily overseen by the court. “Today’s ruling was a step in the right direction,” DreamHost General Counsel Chris Ghazarian told TechCrunch. “We are happy that they decided to retract a lot of the problematic requests but there still are quite a few issues.”