Everyone now knows what a Smartphone is, and many understand the impact of technologies such as mobile and social on their businesses. New concept of blockchain, which financial professionals are just beginning to understand. For example, let's assume you have a child who goes to college and spends your living expenses every month.
There are many methods of remittance, but the most common method is to transfer money from your bank account to your child's bank account. The transaction records a debit in your bank account and a credit in your child's bank account.
Usually, neither you nor your child sees each other's bank records. Imagine a block with transaction information (date, time, amount, etc.) engraved on each monthly remittance. Both you and your child can view this block to confirm the transfer and receipt. It's unlikely that a poorly-funded child would come in the next week and complain that the bank made a mistake and the money wasn't sent.
The blocks and chains record all transactions with this child who will eventually graduate from college. As you grow older and decline, you could show your child this chain to show how much money they spent in college and ask them to spend a similar amount on a quality nursing home.
This is the rough mechanism of blockchain. Each block is a record of financial transactions, and the chain is a shared accounting ledger, visible to all parties, or nodes, across multiple networks. Each new transaction will be validated by all nodes and, if valid, added to all copies of the ledger. That is, a new block will be added to the chain.
Since the chain is secured by encryption, no one can change the record after the bookkeeping. Even if one finds a way around the cryptography, it's nearly impossible to change the block without anyone knowing, since the record is visible to all parties. At best, it only adds new blocks.
Impact on financial structure
The modern financial structure evolved from Venetian traders of the 15th century and Dutch stock exchanges of the 17th century. Double-entry bookkeeping has been used for such a very early period, and has shaped the system underlying the modern financial world.
The concept of all types of exchanges and transactions, such as funds, commodities, stocks and loans, requires each party to keep track of all transactions using his or her ledger.
In most cases, this method works very well. However, at times, multiple ledgers may become inconsistent, leading to increased auditing, distrust, and oversight.
A feature of blockchain is that all parties use the same ledger and all parties can see it. If there is only one ledger, it cannot happen that they do not match.
This new financial record approach offers many benefits, including:
● improving transaction credibility: All parties can see all blocks in the chain, making it easier to ensure the fairness of any transaction. It is difficult to carry out illegal transactions under the eyes of the public. Through it.bitcoineras.com you can get profit in bitcoin trading
● Decrease in fraud: Similarly, concealing, fraudulent transmission, and erasure of financial and other transactions can be very difficult if not impossible.
● Reduced risk-related lack of ethics: Increased credibility and reduced fraud reduce corporate risk. Evaluating contracts and transactions makes it easier to spot moral hazards, or lack of ethics.
● reduced transaction costs and reduced processing time: The number of systems and organizational infrastructures are reduced, which simplifies and speeds up the entire transaction process and reduces costs.
It is Bitcoin that is demonstrating how blockchain work globally and is rapidly evoking interest in blockchain, especially in the financial services industry such as banks and credit card payment providers.
If works of art and historical relics, non-profit banking for regions and people not covered by traditional banks, and time. There is also the process automation of general back office work that takes a lot of time.
Both financial and technology organizations have just begun a closer look at blockchain and future applications. Even in this early stage, there is the potential to increase efficiency, transparency, trust, and reduce risk, cost, and complexity.
Vivo is one of the Chinese brands that made to the limelight in a very short amount of time. Last month the company released X50 and X50 Pro in China. There was another model in the series as well X50 Pro plus but that didn't make it to the market. Although the device was available to pre-order sales. And now the phone is ready to go on this first sale. Vivo held a pre-release event for the flagship model yesterday and revealed the launch date for the phone. The sale will go online and offline simultaneously. The pricing for the model will start around $700.
The main selling point of the vivo X50 pro plus is its quad-camera system. The model features a 50MP Samsung Isocell GN1 sensor with a 1/1.3" pixel size. The primary camera is expected to perform better even in a low-light situation or dark conditions. Others include a 32MP portrait lens, a 13MP periscope telephoto lens, and a 13MP wide-angle macro lens.
The X50 pro plus has a 6.5-inch AMOLED display screen with a resolution of 2376 x 1080 pixels. The display has support for the 120Hz refresh rate. The device comes with an under-display fingerprint sensor. At the rear side, the device uses a 0.5mm plain leather material which feels better and lighter in weight. Vivo's logo is embossed on the leather. The phone is powered by Qualcomm's latest Snapdragon 865 flagship SoC paired with 8GB/12GB of RAM. There are 128GB and 256GB storage options. The X50 Pro plus comes with a $700 price tag. The FunTouch 10.5 OS based Android 10 OS runs on the Vivo X50 Pro+. The phone has a 4,350mAh battery that comes with 44W fast charging.
When we look to the future, there are few things that can influence our paths more than education. A rich education can provide countless opportunities to the leaders of tomorrow and is vital for continued growth and development.
As the landscape of technology has changed and rapidly expanded in recent years, traditional classrooms have been transformed. Some of these exciting developments include online learning, virtual reality, 3D printing, artificial intelligence, and social networking.
Each of these innovations plays a crucial role in making education more accessible. With each advancement, more students can receive a personalized learning experience and go places they've never even dreamed of. Keep reading to learn about these transformative pieces of tech.
There are very few opportunities technological innovations as sought after as artificial intelligence, or AI. AI is being relied on to help overworked teachers manage diverse classrooms and help all students achieve their full potential.
AI is a great tool to help special needs students understand material. AI is, at its base, formulaic-it works in coded patterns and can relay information about writing and mathematics in clear terms. It also grows with a student, giving those with autism or intellectual disabilities a personalized tutor.
In addition, AI has become a teaching staple in some classrooms for grading. Teachers can get bogged down with endless tests and essays. AI technology can search for errors, provide a grade, and even leave valuable feedback.
You might be wondering how social media could constitute a technological innovation in education. Did you know that Facebook was first developed by Mark Zuckerberg to connect his college? Long before it became a platform for memes and games, it was a valuable tool for peers to stay in touch through different class and work schedules.
Facebook and Twitter, among other forms of social networking, are still a valuable tool for connecting students. They can be used to help coordinate meetings, contests, study groups, and clubs. In fact, some college clubs and programs require participants to communicate through social media.
Overall, this is an excellent tool for all the extracurricular activities that help round out a student's education. It might not be involved directly in teaching, but college campuses certainly wouldn't be able to function the same without such a stable platform over which they could connect.
If there's any singular technical invention that looms ahead as a way to radically transform traditional classroom environments, it's Virtual Reality. VR headsets and software have been fantasized about since the advent of science fiction, but it's not fictional anymore.
While a standard VR headset costs a minimum of several hundred dollars apiece, its flexibility in a learning environment is invaluable. There's unlimited potential for the application of VR. What could you learn if you could experience anything in 3D?
One possibility for VR is dissecting animals. This is a controversial animal-rights issue, and plenty of students are disgusted or morally opposed to dissection. Even so, it's a valuable learning tool to understanding the physiology and anatomy of different creatures. VR learning allows students to see how anatomical aspects function in 3D-no animal required.
Virtual reality learning also provides a portal from the classroom to the rest of the world. You could visit famous museums, like the Smithsonian or the Louvre, or walk through the Colosseum. The depth of education possible with VR has no limits.
Cloud Computing and Online Learning
Online learning has seen a spike in popularity for the last decade, and it's not hard to see why. Distance education is a flexible way for students of all ages to access classes and earn degrees. From primary school to university, online classes have helped students receive a quality education around the world.
There have been some recent developments that have improved the online learning experience. First of all, many schools have uploaded every resource possible to a cloud. These hubs of information can be accessed by all students and contain valuable info. Everything from textbooks to math worksheets and video lectures can be accessed from home.
Students can download what they need, when they need it. Many classes also allow all assignments to be submitted digitally. Teachers and tutors can then receive though assignments and submit their feedback and grade through the same cloud. All you need is a computer or laptop to have a full education at your fingertips.
3D printing is an exciting advancement that's currently being installed in classrooms across the world. The benefits of 3D printing in education are two-fold. First, this tech gives students a great way to practice their computer coding and software skills. Getting to design a 3D object and see it brought to life has inspired many students to continue learning computer science.
It's also a great way to make certain concepts more exciting to students. From printing a DNA structure to exploring mathematical concepts, 3D objects help make difficult concepts easier to understand through a hands-on approach.
It's not hard to see all the benefits that technological innovation and incorporation can provide. These ingenious pieces of tech can make education more accessible to students around the world. Being able to experience museums and faraway places can enrich any classroom experience.
It's also a great relief for teachers catering to diverse classrooms. We've achieved all this by 2020, which only leaves one question: what will the future hold? What classroom advancements will be made in another decade?
About the Author
This article was written by Scarlett Hobler. She has spent years working in education and is a leading expert in her field. Hobler works as an education blogger and a valued writer at PapersOwl, a platform that connects students with valuable tools and resources. In addition to dedicating her life to helping students achieve success, Hobler is an avid writer who has been published in many initial journals. Her insights into the landscape of innovation have proven invaluable to teachers and students everywhere.
Digital transformation has become a buzzword across every sector in business. Leaders are feeling pressure on all sides to innovate and digitize. But successful digital transformation as a concept goes deeper than rolling out new tech and updating old systems; it requires a change in thinking, leadership, collaboration and decision-making, too.
Digital transformation involves using various technologies to transform the way a company does business; going beyond upgrading outdated systems to completely optimize and transform processes.
Here's more on how companies can achieve these aims and avoid some of the commonplace pitfalls associated with digital transformation.
Drive Tech Changes with Business Objectives
As Harvard Business Review reports, despite C-suite leaders denoting digital transformation (DT) risk as their absolute top concern in 2019, less than one-third of DT initiatives actually realize their goals. Another way to look at it is that approximately $900 billion out of every $1.3 trillion devoted to DT last year ended up going to waste.
These statistics underscore the serious challenges associated with DT, and how easy it is to end up "barking up the wrong tree" - and throwing hard-earned funds away - without a thorough understanding of the task at hand.
First of all, any and all attempts at digital transformation must be tied to larger business objectives. Otherwise, businesses will find themselves footing the bills for shiny new toys that do little to actually impact the bottom line.
Set business strategy first, complete with tangible objectives - like increasing product speed to market, improving workflow efficiency across departments, improving the customer service experience, etc. - before investing in tech. Then prioritize the innovations that will best support those specific goals in terms of return on investment.
Components of Digital Transformation Today
DT is a multi-faceted endeavor, one that requires buy in from the C-suite, IT teams and every department in between.
Here are just a few key components of digital transformation today:
Optimize Customer Experience
Forward-thinking companies are using digital advances to better understand customers in order to optimize their experiences, as MIT Sloan Management Review outlines.
The first stage here is harnessing advanced analytics to better comprehend client behaviors and preferences across a wide range of sources, including social media.
Next, is implementing tech to smooth out the customer journey. A good example of this is the way many financial services companies are facilitating in-app transactions that used to require a phone call or in-person appointment.
Lastly, organizations can improve the speed and personalization of their customer service experiences using tech like artificial intelligence chatbots, integration of services across channels and self-service options for users.
Empowering Workforces to Make Data-Driven Decisions
The way companies approach data analytics is central to their DT outcomes. More companies than ever before are aiming to empower their teams to make data-driven decisions with the aim of improving business outcomes across the board.
According to a recent Harvard Business Review study sponsored by ThoughtSpot, 86 percent of leaders surveyed believe their frontline workers "need better technology and more insight" to power transformative decision-making. This speaks to the crucial role of self-service AI data analytics platforms in overall digital transformation.
Folding Digitization & Tech into Culture
Taking a tech-focused approach to DT without considering culture is a recipe for failure. Leaders need to consider how they are communicating about the various elements of digital transformation, as well as how their actions are encouraging or discouraging employees to get on board.
Managers must proactively address worker fears of change, automation and "the unknown" - as these can contribute to resistance against the adoption and embracing of DT.
Companies can only achieve DT with the right mix of goal-driven strategy, tech and cultural changes.
Recent estimates suggest that there are approximately 40 million adults in the world who now vape. That's 40 million former smokers who no longer smell bad, no longer pollute their local landfills with thousands of plastic-filled cigarette butts a year and are now significantly less likely to die early from lung cancer and other horrible diseases.
Even if you don't smoke or vape yourself, you should still give some serious consideration to vaping as the most disruptive technology of the century to date because it's almost certain that you have at least one close friend or family member who smokes. The existence of vaping significantly reduces the likelihood that you will one day have to watch that person die from a chronic illness before their time.
E-cigarettes and vape shops like E-Cigarette Empire have only been around in the United States for a little over a decade, but vaping technology has evolved unbelievably quickly during that time. One single aspect of vaping technology - pod-based vaping - is probably responsible on its own for helping many millions of people switch from smoking to vaping.
Pod vaping is probably the most exciting thing going in vaping today, and it's a fascinating topic to study even if you don't vape yourself.
What is it that makes pod vaping so exciting? That's what you're going to learn from reading this article.
Pod Vaping Combines Style and Convenience Like Nothing Else
Pod vaping changed the look of the typical beginner's e-cigarette forever. Before the first pod systems hit the market, an e-cigarette designed for beginning vapers was typically modeled after the appearance of a tobacco cigarette. Smokers - many of whom weren't yet aware of vaping - needed the visual cue of the cigarette shape to understand that the e-cigarettes they saw in convenience stores and other retail outlets had something to do with smoking. The visual cue made them want to investigate and find out what those devices were.
The cigarette shape helped to introduce vaping to the world, but the extremely small size also created some major drawbacks. An electronic device that's as small as a cigarette will be severely limited in terms of its battery life. An e-cigarette also needs to provide storage for vape juice, and it needs a heating coil to vaporize the juice. If you cram those things into a device that's as small as a tobacco cigarette, you're going to have something that stores very little e-liquid and produces very small, wispy vapor clouds.
By the time pod systems appeared on the market, most smokers knew that vaping existed even if they didn't vape themselves. An e-cigarette no longer needed to provide the visual cue of a cigarette-like appearance. It was time, in fact, for e-cigarettes to develop a unique design language of their own. Smokers were no longer looking for "the next cigarette" - they were looking for the thing that came after cigarettes. Pod systems were a little larger than tobacco cigarettes, but they were still extremely small and stylish. They provided an updated visual styling that really resonated with smokers. Many people who hadn't been interested in cigarette-shaped e-cigarettes at all found pod systems very intriguing.
Being slightly larger than the earlier generation of cigarette-shaped e-cigarettes, pod systems were also far more capable than first-generation vaping devices. They worked more reliably, held more e-liquid, produced bigger vapor clouds and had better battery life. People who tried the first e-cigarettes and weren't impressed with those early products loved the new pod systems.
Pod Vaping Introduced Nicotine Salt E-Liquid to the World
The magic of pod vaping systems doesn't just come from their advanced functionality and updated visual styling. Pod systems also have a magic ingredient that makes them as satisfying as tobacco cigarettes - something that cigarette-shaped e-cigarettes never were - despite their small size. That magic ingredient is nicotine salt e-liquid.
Any vaping device can use nicotine salt e-liquid, of course, but pod systems are uniquely positioned to deliver a perfect experience with that type of vape juice. That's because nicotine salt e-liquid typically has a very high concentration of nicotine and provides nicotine to the body at the ideal rate only when it's used with a small vaping device.
One of the biggest problems with the first-generation e-cigarettes was that they didn't deliver nicotine to the body efficiently enough to be completely satisfying. To switch fully from smoking to vaping, people would have to adjust to lower blood-nicotine levels - and some people just couldn't get through the transition. E-cigarette makers had to keep the nicotine content in their e-liquids relatively low because higher nicotine strengths would cause throat irritation and coughing.
Nicotine salt e-liquid contains a high level of nicotine but doesn't cause irritation because it contains a mild acid that lowers the e-liquid's pH. Standard e-liquid is alkaline, but nicotine salt e-liquid has a more neutral pH and feels smoother in the throat. Millions of people now depend on it to keep them off of cigarettes.
Pod Vaping Continues to Improve With Each Product Generation
Pod vaping systems have become so popular that many of the world's manufacturers of vaping products now invest the majority of their R&D money into pod systems. In the vaping industry, a typical product generation lasts a year or less - and with each new hardware generation, pod systems are getting better and better.
Vapers who use pod systems these days don't just enjoy the convenience of replaceable pods and the smooth satisfaction of nicotine salt e-liquid. They also enjoy some of the most stunning designs in the vaping world as well as all of the modern conveniences that the vaping industry has to offer.
One of the most exciting conveniences that you can find in a pod system today is a "Replay" mode that you can enable with the touch of a button. If you puff on the device supporting the Replay feature and find it particularly satisfying - because the temperature of the device's atomizer coil is just right, for instance - you can press your device's Replay button to save the characteristics of that puff. As long as Replay mode is enabled, your device will replicate that puff every time you press the fire button.