Computer Finance – Fun With Justin http://funwithjustin.com/ Sat, 01 Oct 2022 00:38:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://funwithjustin.com/wp-content/uploads/2021/05/fun-with-justin-icon-150x150.png Computer Finance – Fun With Justin http://funwithjustin.com/ 32 32 NaaS Technology Inc. Announces Leadership Change https://funwithjustin.com/naas-technology-inc-announces-leadership-change/ Fri, 30 Sep 2022 20:40:00 +0000 https://funwithjustin.com/naas-technology-inc-announces-leadership-change/

BEIJING, September 30, 2022 /PRNewswire/ — NaaS Technology Inc. (NASDAQ: NAAS) (the “Company” or “NaaS”), one of the largest and fastest growing electric vehicle charging service providers in Chinatoday announced that Mr. Lei Zhao has resigned as the company’s Chief Financial Officer for personal reasons, effective immediately.

NaaS also announced the appointment of Mr. Alex Wu as interim CFO and has begun a formal search for a permanent replacement.

“I would like to thank Mr. Lei Zhao for his contribution to NaaS and wish him the best in his future endeavours,” said Ms. Yang Wang, CEO of NaaS. “I look forward to working closely with Alex and am confident that his experience in corporate finance and capital markets will be of great help to NaaS.”

Mr. Alex Wu served as Acting Chief Financial Officer of RISE Education Cayman Ltd, the company’s predecessor, from September 2021 to June 2022. Mr. Wu has extensive experience in corporate finance, technology and management and Currently serves as Executive Vice President and a member of Bain Capital Private Equity’s Asia-Pacific Portfolio Group. Prior to joining Bain Capital Private Equity in 2017, Mr. Wu worked at PricewaterhouseCoopers Consulting focusing on the technology, media and telecommunications (TMT) and digital solutions sectors in cloud, e-commerce and IT. to analyse. Prior to that, Mr. Wu worked with airlines and telecommunications companies to plan and implement transformation programs. Mr. Wu holds a bachelor’s degree in computer science from Peking University and an MBA from the Australian Graduate School of Management at Peking University. University of New South Wales.

About NaaS Technology Inc.

NaaS Technology Inc. is one of the largest and fastest growing electric vehicle charging service providers in China. The Company is a subsidiary of Newlinks Technology Limited, one of the leading energy digitization groups in China. NaaS provides one-stop services to charging station manufacturers and operators, OEMs, companies with their own delivery fleets, and fleet operators, with online, offline, and non-electric services spanning the entire value chain of the electric vehicle sector. By 2021, NaaS had connected 290,000 chargers, with an annual charging capacity of more than 1,200 Gigawatt hours, representing approximately 18% of China public charging market and eliminating 900,000 tonnes of carbon emissions per year. On June 13, 2022shares of the Company’s US depository began trading on NASDAQ under the stock code NAAS.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. You may identify these forward-looking statements by words such as “will”, “expect”, “believe”. , “anticipates”, “intends”, “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, unless the law requires it. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that its expectations will prove to be correct, and investors are cautioned that actual results may differ materially from anticipated results.

For investor and media inquiries, please contact:

Investor Relations

NaaS Technology Inc.

E-mail: [email protected]

Media inquiries:

E-mail: [email protected]

SOURCENaaS Technology Inc.

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Sarvodaya Development Finance celebrates World Literacy Day, demonstrating its commitment to education https://funwithjustin.com/sarvodaya-development-finance-celebrates-world-literacy-day-demonstrating-its-commitment-to-education/ Wed, 28 Sep 2022 23:55:43 +0000 https://funwithjustin.com/sarvodaya-development-finance-celebrates-world-literacy-day-demonstrating-its-commitment-to-education/

On the heels of the interim budget speech and a staff-level agreement on an expanded financing facility with the IMF, the Ceylon Chamber of Commerce held a virtual session on September 1, 2022 to discuss “How Can Sri Lanka Compete for Investment Amid Turbulent Times: Economic Growth vs. Fiscal Consolidation”.

Natarajan Sankar, Managing Director and Partner of Boston Consulting Group (BCG), Dr Dushni Weerakoon, Executive Director of the Institute of Policy Studies, Ashique Ali, President of SLASSCOM, and Thulci Aluwihare, Deputy Managing Director of CHEC Port City, participated to the discussion. Dove. The session was moderated by Shiran Fernando, Chief Economist at the Ceylon Chamber of Commerce.

During the discussion, Natarajan Sankar highlighted how the development of economic clusters could be an important policy tool to activate growth in new sectors, such as Dubai, Singapore and Malaysia. The presentation demonstrated that Sri Lanka is now at an inflection point, where bold reforms need to be implemented to improve export competitiveness and attract FDI, similar to major South Asian economies after the Asian financial crisis of 1997.

Discussing these ideas in more detail in the context of Port City Colombo, where BCG has been engaged as an international strategy consultant, Sankar stressed that the structural advantages offered by Sri Lanka must be increased by strengthening the brand of the country. as an investment destination, as well as improving the ease, risk and cost of doing business. As many SEZs have failed due to poor conceptualization and implementation, he stressed the need to form a compelling value proposition through a comprehensive package of fiscal incentives, infrastructure support, a pool of talents and an enabling legal/regulatory framework.

Sankar also spoke of the vast potential that exists in the IT, digital education and professional services segments, where Sri Lanka could position itself for an India+1 strategy, thanks to lower operating costs, a good quality talent pool and robust connectivity. In the context of IT companies, he pointed out that companies consider a multitude of factors in their international location decisions, as they take a long-term view to move from outposts to satellites, and eventually to operations. of hub. Therefore, an accurate global narrative and investor pitches, tailored to sectors and sub-sectors, should be established to attract international investment, he explained.

In addition to the discussion, Dr. Dushni Weerakoon, Executive Director of the Institute of Policy Studies, referenced the World Bank’s Global Investment Competitiveness Report, which outlines the top 3 factors for investment decisions. investment like: a favorable political environment, macroeconomic stability and a favorable regulatory regime. Sri Lanka’s poor performance on these pillars, coupled with the current economic crisis, may cause investors to generally move away from long-term investments and consider opportunistic/portfolio investments that are relatively easier to exit.

However, to attract “efficiency-seeking FDI”, which is the vehicle for new technologies, managerial know-how and business networks, the long-term reform program plays a crucial role. In the midst of an economic crisis and an era of fiscal consolidation, tax incentives should be strategically considered to attract investment in sectors such as IT, construction and exports. It could also position Sri Lanka competitively among the 50-70% of developing countries that offer tax incentives to attract investment.

Giving an overview from an IT/BPM perspective, Ashique Ali, President of SLASSCOM, highlighted the importance of developing globally relevant skills to benefit from the vast opportunity in the IT/BPM sector, which is remained globally resilient even during the pandemic, due to the growing demand for digitization. He pointed out that Sri Lanka continues to remain attractive to global customers despite the disruptions in business activity the industry has experienced over the past two months.

Addressing the issue from the development perspective of Port City Colombo, Thulci Aluwihare, Deputy Managing Director of CHEC Port City Colombo, explained the importance of strong economic growth to achieve long-term debt sustainability, notwithstanding fiscal consolidation. While agreeing that labor efficiency, quality of infrastructure, political stability, etc. take precedence over tax incentives in the context of investment decisions, Aluwihare revealed a benchmarking analysis of regional peers, which highlights Sri Lanka’s poor ranking in these aspects. Additionally, Sri Lanka is also a relatively high tax jurisdiction, where taxes were second only to India despite lacking a large domestic market. On the other hand, even developed jurisdictions such as Singapore and Dubai in the United Arab Emirates offer targeted tax incentives for 40-50 years.

He also explained that the rates of return expected by international investors, commensurate with the country’s risks, are significantly higher than in the region, which makes large-scale development projects relatively unattractive. Aluwihare concluded by emphasizing that targeted incentives should be offered taking into account a cost-benefit analysis when the wider economic impact outweighs the cost of these incentives.

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What is Polkadot? How it works? – Advisor Forbes INDIA https://funwithjustin.com/what-is-polkadot-how-it-works-advisor-forbes-india/ Tue, 27 Sep 2022 04:30:00 +0000 https://funwithjustin.com/what-is-polkadot-how-it-works-advisor-forbes-india/

Polkadot is a blockchain designed to support other blockchains. Think of this crypto platform as a network made up of other blockchain systems.

If you think of each blockchain as a single dot, then the Polkadot blockchain is like a pattern made up of those dots. Let’s take a closer look to see how it all works.

What is Polkadot?

Polkadot is envisioned as an upgraded version of Ethereum. Launched in May 2020, Polkadot is the brainchild of Ethereum (ETH) co-founder Gavin Wood. The platform is now managed by the Web3 Foundation (W3F) and developed by Parity Technologies, both co-founded by Wood.

Polkadot operates at a deeper level than a blockchain like Ethereum – think of it as a foundation that other crypto projects can build on. It calls itself a layer 0 blockchain, while Ethereum and similar blockchains like Solana (SOL) and Cardano (ADA) are called layer 1 blockchains.

When Wood first wrote the Polkadot whitepaper, he argued that crypto needed a new system that allowed interactions between different blockchain networks. Noticing issues with Ethereum’s ability to grow and scale, Wood attempted to address this issue with a new blockchain based on a proof-of-stake validation system.

Proof-of-stake validation was offered unlike earlier blockchains, such as Bitcoin (BTC) or Litecoin (LTC). In proof of work, blockchain miners solve cryptographic puzzles to add the next block to the chain for mining rewards. With Proof of Stake, validators use staked tokens as collateral to determine the next block in the chain.

The main scaling issue Wood wanted to solve with Polkadot was the amount of computing power that Ethereum required for its original proof-of-work validation system.

How does Polkadot work?

David Lawant, research director at Bitwise Asset Management, calls Polkadot a “heterogeneous multi-chain system”. This is just a fancy way of saying that there are different blockchains running on the Polkadot system.

As stated above, a Layer 0 blockchain functions as a foundational layer below Layer 1 blockchains. Polkadot provides an integrated framework on which programmers can build their own blockchains with cross-chain interoperability.

Layer 1 blockchains, like the Ethereum Wood project built with co-founder Vitaly Dmitriyevich “Vitalik” Buterin and others, allow programmers to create decentralized applications (DApps), smart contracts, non-fungible tokens (NFTs) ) and more.

But it’s difficult for programmers to build a Layer 1 blockchain. They have to build the base layer before they can even get hundreds of people to run their Layer 1 program on one computer, says Bill Birmingham, chief investment officer at Osprey Funds.

Experts say Polkadot has already built the base layer. So all the Layer 1 programmer has to do is focus on optimizing their own project.

Thibault Perréard, head of finance at cross-chain staking hub Bifrost, says most of these Layer 1 systems are siled. They don’t have much interaction with each other. Polkadot intends to allow any public or private blockchain to communicate with each other – it’s supposed to be “the internet of blockchains”.

Polkadot Native Token: DOT

The key to bringing all of these factors together—proof-of-stake validation, cross-chain interactions, and base-layer programming—is DOT, Polkadot’s native token.

DOT is the token staked or pledged by validators to approve the next block on the Polkadot blockchain. In this way, DOT functions as Polkadot’s proof-of-stake mechanism.

Each separate blockchain built on Polkadot is referred to as a parallel chain or parachain within the system.

When moving data through these parachains, security is paramount. Polkadot provides this security with a single underlying chain called relay chain.

This relay channel is Polkadot’s main channel, and according to Lawant, it’s what sets Polkadot apart from its closest competitor, Cosmos (ATOM).

Perréard even specifies that “the chain of relays ensures security”. He says parachains can “take advantage of Polkadot’s architecture and foundation.” In other words, they don’t have to worry about security.

DOT is the token used to validate blocks on Polkadot’s relay chain. But staking isn’t the only use of DOT in the Polkadot system. The token is also used for governance and liaison. All DOT holders have the right to vote on network governance, such as network upgrades and fees.

DOT as Guarantee

The other factor that Polkadot operators need to consider is which projects get a parachain in the Polkadot system. These parachains are offered by separate projects using DOT as collateral.

According to Birmingham, a project can “go out and buy DOT to commit to” Polkadot for the parachain auction. Then, if the project has enough DOT, “They’ll win the spot.”

Once a project is approved for a parachain, the auctioned DOT is locked in for two years. Users will receive lockout rewards in exchange for the projects.

Polkadot’s first parachain auction concluded in December 2021.

Polkadot versus Ethereum

Ethereum, the number 2 blockchain in the world, and Polkadot have a few things in common. However, the two blockchains have many more things that differ.

Here are some similarities and differences between Polkadot and Ethereum:

Investing in Polkadot

Polkadot is an easily accessible crypto asset. For developers bidding on a Polkadot parachain or investors interested in acquiring tokens for speculative purposes, DOT can be purchased on most major crypto exchanges around the world.

Investors can also gain exposure to Polkadot through the Osprey Polkadot Trust (ODOT), which is publicly traded on the OTCQX over-the-counter market.

Once DOT tokens are purchased, they can be kept in a crypto wallet. Crypto wallets are available online (hot wallet) or offline (cold wallet). Online wallets carry greater security risks. You will also need to verify that the crypto wallet supports Polkadot tokens.

Investors should remember that Polkadot, like all cryptocurrencies, is an extremely speculative and risky investment.

If you are considering owning DOT tokens, you may want to consult a financial advisor first. You should never invest more than you can afford to lose, given the volatile nature of cryptocurrencies.

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Tottenham ‘reaping rewards’ as new deal agreed https://funwithjustin.com/tottenham-reaping-rewards-as-new-deal-agreed/ Sat, 24 Sep 2022 06:00:00 +0000 https://funwithjustin.com/tottenham-reaping-rewards-as-new-deal-agreed/

Tottenham are reaping the rewards of their Champions League appearance in 2022-23 thanks to UEFA’s latest trade deal.

This is the view of financial expert, Dr. Dan Plumley, speaking exclusively to Football Insider on European football’s governing body and its new contract with Football Manager.

UEFA announced on Monday (September 12) that its brand will feature in the 2023 iteration of the series of computer games due for release in November.

The game now has the right to incorporate fully licensed recreations of the Champions League, Europa League, Conference League and Super Cup.

Spurs sealed their place in the Champions League group stages on the final day of 2021-22.

Plumley explained that in addition to prize money, Londoners now generate passive income whenever UEFA secures a new sponsorship deal.

“For any UEFA central pot, if the money comes in, every club will win,” the Sheffield Hallam University expert said Football Insiders Adam Williams.

“It’s a happy by-product because you don’t have to do anything to access that money. Once you qualify for the Champions League or Europa League, you reap the rewards.

“That’s the value of it. It’s not just about prize money, but also about money in the central trading pot. Sporting success generates more financial success.

Tottenham beat Marseille 2-0 in their Champions League opener before losing by the same scoreline to Sporting.

Their next European clash is against Europa League champions Eintracht Frankfurt on October 4.

In other news, Gabby Agbonlahor “bewildered” as images of Heung-min Son emerge from Tottenham.

Kieran Maguire hails Celtic ‘transfer strategy’ as £6m news confirmed

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    HPC+AI Wall Street will showcase ‘spooky’ science for financial services https://funwithjustin.com/hpcai-wall-street-will-showcase-spooky-science-for-financial-services/ Sun, 18 Sep 2022 13:03:24 +0000 https://funwithjustin.com/hpcai-wall-street-will-showcase-spooky-science-for-financial-services/

    Albert Einstein described quantum mechanics as “frightening action at a distance” due to the unintuitive nature of superposition and quantum entangled particles. It’s a good thing that you don’t need to grasp the intricacies of advanced physics to take advantage of these technologies when applied to real-world practical applications in financial services and other verticals – just like you don’t need an electrical engineering degree. use a conventional computer.

    The opening panel of the HPC+ Wall Street conference (September 20-21, New York) delves into the hot topic of quantum computing, which could bring massive competitive advantage to many financial services applications such as portfolio optimization, risk management, secure communications and much more.

    Four expert panelists will provide advice aimed at helping companies begin to develop quantum readiness strategies. The panel will be moderated by John Russell, one of HPCwire’s editors and the editor of our new quantum-focused microsite and newsletter, QCwire.

    Each panelist will speak briefly about an area of ​​interest, explains Russell. Basically, they will look at 1) QC investment trends – where the money is flowing is often an important indicator of segment dynamics – 2) QC vendor community and use cases, 3) some early deployments quantum computing – at this stage not one is using quantum computing in a production environment, but many public and private projects are underway, 4) We also have a global futurist in the panel, which should be interesting listening.

    Now owned and produced by Tabor Communications, this year’s HPC+AI on Wall Street will be held in person at the Intercontinental Times Square Hotel, September 20-21. The event promises two days of information-rich sessions led by prominent thought leaders and experts, focusing on four themes: quantum computing, HPC, data management and AI – and most importantly, how these areas intersect and converge.

    “It’s the convergence paradigm and there’s no frills,” said Tom Tabor, industry watcher and CEO of Tabor Communications. “This program is hyper focused on the future and the convergence of HPC, AI and data. This is one not to be missed.”

    Here’s a look at the HPC+AI agenda on Wall Street:

    September 20
    8:30 a.m. to 8:45 a.m. Welcome and opening remarks
    8:45-9:45 am Morning panel: Three analysts and a futurist: Dig into the realities of quantum computing
    9:45-10:30 Quantum Keynote, The Best Roadmap for Quantum Computing in a Classical Computing Environment
    10:30-11:00 a.m. Break + Exhibitions
    11:00-12:00 The future of quantum technology at JP Morgan Chase
    12:00 p.m.-1:00 p.m. Panel: Quantum is coming! A conversation about its many implications for finance
    13:00-14:00 HPC Luncheon and Keynote: Together We Advance ISP with HPC and AI Solutions
    2:00 p.m.-3:00 p.m. Break + Exhibitions + 4 Flash presentations
    3:00-4:00 Endless Memory: An Overview of CXL for FSI
    4:00-5:00 PM Panel: Accelerators for FinServ: What’s Available and Which Fits Your Workload
    5:00-6:00 PM Vendor Showdown with Intersect360 Research
    6:00 p.m.-7:30 p.m.

    September 21
    8:30 a.m. to 9:45 a.m. Top 10 Resources for Unlocking the Value of Big Data
    9:45-10:30 a.m. Data Management Keynote: Analytics Everywhere: How to Scale and Accelerate Your Data Science and AI in Capital Markets
    10:30-11:00 a.m. Break + Exhibitions
    11:00-12:00 Intelligent Search Using Computational Storage and Neuromorphic Processing
    12:00-13:00 Migrating data lakes and machine learning to the cloud
    13:00-14:00 Building and Training Large-Scale AI/ML Models for Operational Efficiency – Challenges and Prescriptive Roadmap
    2:00 p.m.-3:00 p.m. Break + Exhibitions + 4 Flash presentations
    3:00-4:00 PM Panel: The Tao of Open Source AI
    4:00-5:00 PM Regulatory and Ethics Planning for AI
    5:00-6:00 PM Crossfire Analyst with Intersect360 Research
    6:00 p.m. to 6:15 p.m. Closing remarks and draw

    Follow this link to see the full HPC+AI schedule on Wall Street.


    Notable quotes from a few of the speakers:

    “It’s relatively easy to catch up if you fall behind in a typical IT environment. If you fall behind in Quantum, it will be extremely hard to catch up!” —Marco Pistoia, JPMorgan Chase

    “HPC powers financial services, but quantum computing will deliver far greater (competitive) advantages to those who are prepared for it.” — Jay Boisseau, Dell Technologies

    “Rather than vilifying interest in quantum as hype, let’s encourage sustained and thoughtful investment in space.” — Alex Challans, Quantum Insider

    “Discover how you can take advantage of quantum computing, even without trashing your entire HPC infrastructure.” — Sam Mugel, PhD, Multiverse Computing

    “Quantum computing will create financial opportunity measured not in billions or trillions, but in quadrillions and quintillions.” —William ‘whurley’ Hurley, Strangeworks

    “It’s not about general use, it’s about a generally specialized area. Speed ​​up the good stuff! —Ryan Quick, Providentia Worldwide

    “Hidden in the mounds of data is knowledge that could revolutionize your business. AI shows you how. — Arti Garg, HPE

    “Open source solutions fuel adaptability and innovation, but fall far short of solving AI transparency issues.” — Alexei Zhukov, EPAM

    “They say data is the new oil, but AI is the refinery that turns this raw resource into its most usable by-products.” —Bob Gaines, Intel

    “AI remains a competitive advantage for organizations, but emerging ethical considerations are changing how we use it.” —Traci Gusher, EY (Ernst & Young)

    “Quantum computing is a marathon race and we only covered the first 300 meters.” – Bob Sorensen, Hyperion Research

    Also in attendance are Harvey Stein (Senior Vice President, Research Analytics and Methodology, Two Sigma); Steve Yatko (CEO, Oktay Technology); Dino Vitale (Engineer Emeritus, Infrastructure Technology Solutions Cloud Engineering Team, TD Bank Group); Heather West (research manager, infrastructure systems, platforms and technologies, IDC); Dan Olds (Research Director, Intersect360 Research); Robert Hormuth (Corporate Vice President, Architecture and Strategy of the Data Center Solutions Group, AMD); Steve Scargall (CXL consortium member and senior product manager and software architect, MemVerge); Aparna Prabhakar (VP Quantum Partner & Alliances, IBM); Alex Woodie (editor, Datanami); William Cunningham (Lead Quantum Software, Agnostiq); Thierry Pellegrino (SVP and President, Penguin Solutions); Kurt Kuckein (Vice President of Marketing, DDN); Marc Fisher (Solutions Architect, Lenovo); Monica Livingston (Senior Director, Artificial Intelligence and Graphics Sales, Intel); Eric Hunter (Global Futurist, Head of Innovation Futures, Chief Technology Innovation Officer, Bradford & Barthel, LLP) – and more.

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    What the Ethereum “merger” means for you, the market and the climate https://funwithjustin.com/what-the-ethereum-merger-means-for-you-the-market-and-the-climate/ Fri, 16 Sep 2022 22:28:17 +0000 https://funwithjustin.com/what-the-ethereum-merger-means-for-you-the-market-and-the-climate/

    Ethereum, the world’s second most valuable digital currency by market capitalization, completed a long-awaited system upgrade on September 15.

    The move, known in the cryptocurrency community as “The Merge,” is expected to significantly reduce energy costs and lay the groundwork for increased use of crypto technology in consumer applications, including finance.

    The upgrade was one of the most anticipated events in crypto history. But the process is complicated. Here’s what to know about it.

    What is Ethereum?

    Ethereum is a blockchain – a distributed, publicly visible ledger that verifies and records all transactions on the network. The platform was designed by Russian-born Canadian programmer Vitalik Buterin in 2013. What sets Ethereum’s blockchain apart from Bitcoin’s is that it allows users to execute “contracts intelligent”. These are computer programs stored on the blockchain that automatically execute a chain of actions when certain conditions are met. This feature has allowed many people to create a large network of financial institutions, such as exchanges and decentralized lenders, and even other digital tokens on the Ethereum blockchain.

    What is “The Fusion”?

    This years-long effort changed the way transactions are verified on the Ethereum blockchain. In December 2020, Ethereum began operating on two parallel blockchains, one using the legacy system to validate transactions and another blockchain using proof-of-stake for developers to test and improve. This merger combines the two blockchains into one using a proof-of-stake system for validations.

    Ethereum, like Bitcoin and other lesser-known cryptocurrencies, previously relied on network participants (called miners) solving complex mathematical problems to validate transactions, a process known as proof-of-work. For their effort, miners receive newly created digital tokens. Ethereum’s new process will instead rely on something called proof-of-stake and eliminate the need for miners. Proof-of-work systems have recently been criticized for using huge amounts of electricity. In contrast, proof-of-stake systems consume very little electricity.

    What is Proof of Stake?

    In a proof-of-stake system, individuals or companies act as validators (instead of miners), staking their own Ethereum tokens (called ether or ETH) as collateral to validate transactions and secure the network. Validators are incentivized to do so by the possibility of earning rewards, namely additional ETH tokens.

    How will proof-of-stake make Ethereum more secure?

    The proof-of-stake system makes decisions about updating the Ethereum blockchain through a vote among the cryptocurrency holders. Voting power depends on the amount of ETH staked. Large holders, called validators, must invest 32 ETH and are required to perform certain tasks to maintain the integrity of the blockchain, such as confirming transactions from others. validators. Their “staked” tokens can be destroyed if validators misbehave, such as performing invalid transactions.

    The promise of financial penalties for misbehaving validators also makes it harder for the Ethereum blockchain to fall under a “51% attack” in which bad actors take over more than half of the network, allowing them to write parts of the blockchain as they wish.

    What does the transition mean for Ethereum’s energy consumption?

    Ethereum’s switch to proof-of-stake will likely reduce its electricity consumption by 99.95%.

    It’s no secret that mining proof-of-work cryptocurrencies uses a breathtaking amount of electricity. Bitcoin and Ethereum used more electricity than Sweden or Argentina before the merger. In bitcoin-friendly Texas, for example, crypto mining is gobbling up about 3% of local electricity demand during peak periods and could account for a third of new electricity demand in Texas over the next decade. Since much of this electricity is not generated by renewable sources such as wind and solar, cryptography is responsible for large amounts of carbon dioxide and other emissions that contribute to climate change.

    All this new demand for electricity is difficult to meet. In some states, crypto mining has prompted the restart of retired factories that burn fossil fuels to generate electricity, increasing the impact of mining on climate change.

    Crypto mining also rapidly uses and burns large amounts of computer hardware, resulting in nearly 38 kilotons of electronic waste (or “e-waste”) per year. Electronic waste is usually contaminated with harmful substances like mercury, lead or arsenic, which can cause neurological problems or cancer. Ethereum’s proof-of-stake system is expected to significantly reduce its generation of e-waste, according to Digiconomist’s Alex DeVries.

    What are the investment implications of the transition?

    The merger could help push crypto further into the mainstream not only because of the more energy-efficient proof-of-stake process, but also because of the financial incentives users will now have to stake their ETH and stake it. get a return.

    The transition to a proof-of-stake model should reduce inflation and increase staking returns, which should make it more attractive to institutional investors. Needham & Co. estimates that annual new issuance of ETH will increase from around 4.9 million per year before the merger to around 970,000 per year after the merger.

    Right now, ETH staking yield sits at 4.1% for validators, but it could rise to 7% post-merger. This means more revenue for companies that allow investors to pool their ETH holdings (there is currently a minimum of 32 ETH) for staking, such as crypto exchanges Coinbase and Kraken, as well as institutional and individual validators. .

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    Does remote work contribute to higher inflation? | Smart Change: Personal Finances https://funwithjustin.com/does-remote-work-contribute-to-higher-inflation-smart-change-personal-finances/ Sun, 11 Sep 2022 15:31:13 +0000 https://funwithjustin.com/does-remote-work-contribute-to-higher-inflation-smart-change-personal-finances/

    (Bram Berkowitz)

    Many different factors have contributed to skyrocketing inflation this year. Soaring gasoline prices, numerous stimulus measures over the past two years, and pent-up demand as a result of the pandemic are just some of the major issues to report. Inflation has driven bond yields higher and forced the Federal Reserve to aggressively raise interest rates, two factors that have rattled the market this year.

    But now a lesser-known inflation culprit has surfaced: remote work. That’s right, everyone who now chooses to work from home could actually drive up prices, at least according to black rock CEO Larry Fink. Could Fink be right? We’ll take a look.

    Productivity is down this year

    If you work at a desk or spend most of your work on your computer, chances are you started working from home during the pandemic, a trend that has likely carried over to this day. today.

    People also read…

    According to a study by leading consulting firm McKinsey earlier this year, 58% of Americans work from home at least one day a week, while 35% of respondents in the study said they have the option to work remotely all week. . Bosses might claim that work is always done quickly and efficiently, and most workers seem to appreciate the flexibility.

    Image source: Getty Images.

    But this year’s economic data would paint a very different picture. Non-farm productivity declined year over year by 4.1% in the second quarter and 7.4% in the first quarter. These declines are among the largest on record.

    Non-farm productivity examines the output of non-farm workers for the number of hours worked. So let’s say you have an accountant who does tax returns. In a year, this accountant could work 40 hours a week and file 20 tax returns a week on average. But if the following year, this accountant works 40 hours and completes only 18 tax returns on average per week, his productivity has declined. This is a very simplistic example, but should demonstrate the general idea.

    How could lower productivity contribute to inflation?

    Well, we know that there has been wage inflation this year due to the tight labor market and high levels of inflation, which has increased the cost of living. If a business needs to pay its employees more and they produce less, that business may need to raise prices to cover the increased labor costs.

    On the one hand, the combination of higher wages and a tight labor market may have given workers a sense of security. After all, if hiring is difficult and wages are higher, not only will an employee feel like they have more job security, but they may be less worried about being bumped from their job. current, because there are so many other jobs. This could lead to lower productivity if the worker feels like they don’t need to work as hard to keep their job or earn more money elsewhere.

    On the other hand, the Economic Policy Institute claims that between 1979 and 2019, while net productivity increased by almost 60%, workers’ compensation only increased by around 16%. Also, wage inflation this year still hasn’t kept pace with rising inflation, so maybe compensation is just catching up with productivity right now.

    The verdict

    Due to conflicting economic data, it’s really hard to say right now if remote work is a driver of inflation. For example, gross domestic product fell in the first two quarters of 2022, indicating a technical recession. If consumption is down, this can certainly have a more negative impact on production.

    Jason Furman, professor of economics at Harvard, also pointed out Market that companies have spent a lot of time trying to improve employee morale, especially as mental health has become an increasingly important issue since the start of the pandemic. This may have inadvertently reduced productivity.

    Ultimately, I think it’s too early to make a statement one way or the other, or what the situation would be like if more people worked in the office. More people returning to the office could create more demand at the pump due to increased travel, and more people in the office could lead to higher restaurant and bar prices as people go out more. I think there are a lot of advantages to working in the office and remotely.

    While remote work may lead to some higher inflation, it doesn’t seem to me to be the main culprit, at least with the data currently available.

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    Senior Regional Resource Management Officer – Senegal https://funwithjustin.com/senior-regional-resource-management-officer-senegal/ Wed, 07 Sep 2022 08:02:13 +0000 https://funwithjustin.com/senior-regional-resource-management-officer-senegal/

    Position Title : Senior Regional Resource Management Officer

    Duty station: Dakar, Senegal

    Classification: Professional staff, grade P5

    Type of appointment: CDD, one year with possibility of extension

    Estimated start date: As soon as possible

    Closing Date: September 15, 2022

    Established in 1951, IOM is a sister organization to the United Nations and, as the lead UN agency in the area of ​​migration, works closely with governmental, intergovernmental and non-governmental partners. IOM is dedicated to promoting humane and orderly migration for the benefit of all. It does this by providing services and advice to governments and migrants.

    The context:

    Under the general direction of the Controller/Director of the Department of Financial and Administrative Management, the direct supervision of the Regional Director (RD) of the Regional Office for West and Central Africa and in collaboration with the relevant Units at Headquarters ( HQ) and Centers (Manila and Panama), the successful candidate will be responsible for monitoring and supporting finance, human resources and other administrative functions of Country Offices (CO) in the West Africa region and of the Centre, as well as advice on strategic management. -related matters and to manage and administer the functions related to the management of the Regional Office’s resources.

    Main functions / Responsibilities:

    Regional office

    1. Participate in the development and implementation of short and long term management objectives and goals and provide advice on management related issues.
    2. Provide technical advice and support the RD in the orderly and efficient exercise of regional office financial and administrative control, selection and approval processes in accordance with applicable policies.
    3. Undertake continuous review and advise the Regional Director and respective HQ departments of opportunities for improvement as well as any potential financial risk exposures identified.
    4. Liaise with governmental, intergovernmental and other partner entities on resource management issues with a view to ensuring the smooth implementation of IOM activities, and represent the Organization at relevant high-level and inter-agency meetings.
    5. Coordinate submission of the annual RO budget and monitor expenditures to ensure costs are within approved allocations.
    6. Supervise resource management staff and regional office functions. Organize process flows and establish internal processes to ensure compliance with IOM rules and regulations and efficient operation.
    7. Assist the DR in the management of the regional office’s human resources, including recruitment, retention, promotion, separation and the application of human resources policies, rules and regulations.

    Country offices in the region

    1. Provide front-line support, guidance and training to RMOs (or equivalent) in the region on policies and procedures relating to administrative, financial, HR, ERP, ICT and procurement matters.
    2. Monitor the implementation of internal controls to prevent fraud and mismanagement.
    3. Provide guidance to local CoMs and RMOs (or equivalent) in managing the HR function of their Country Offices and coordinate with PAC-HRAS and MAC for the resolution of difficult or sensitive HR situations.
    4. Monitor financial management tools and functions in the region to resolve issues related to finance, accounting, budgeting and treasury and local payroll issues in a timely manner.
    5. Guide field office management on financial aspects of liaison with external parties.
    6. Provide advice to country offices in the assessment and development of risk statements.
    7. Oversee periodic updates of forecasts by country offices to ensure adequate coverage of common costs and financial sustainability of offices.
    8. Provide technical advice and guidance on project/mission evaluations and audits.
    9. Ensure that business continuity plans are developed for all country offices.
    10. Review budgets contained in proposals as part of the project approval process to seek adequate coverage of shared staff and office costs.
    11. Oversee PRISM payroll execution procedures to ensure appropriate controls are established, maintain PRISM organizational structures and/or act as bank signatory for COs too small to allow segregation of duties.
    12. Track and monitor regional statistics on gender balance, plan achievements of gender goals and assist CoMs in gender policy implementation.
    13. Perform any other duties that may be assigned.

    Qualifications and experience required:

    Education

    • Master’s degree in finance, accounting, public administration, business administration or related field from an accredited academic institution with ten years of relevant professional experience; Where
    • University degree in the above fields with twelve years of relevant professional experience.
    • Professional certification as a Chartered Accountant (CA) or Certified Public Accountant (CPA) or membership in the Association of Chartered Chartered Accountants (ACCA) or other recognized professional accounting body is an advantage.

    Live

    • Gradually expanding experience in financial management, accounting and budgeting. Excellent knowledge of financial planning, budgeting and monitoring within an organization primarily funded by voluntary contributions;
    • Very good knowledge and experience of human resources administration and management, financial management policies and procedures and internal control assessments;
    • Solid knowledge and experience of Enterprise Resource Planning (ERP) systems to apply them to day-to-day operations in areas of responsibility;
    • Proven experience in effectively managing a team and ability to find solutions to complex problems.

    Skills

    • Ability to perform financial analysis, project financial reporting feasibility studies, including trend and ratio analysis;
    • Excellent level of computer knowledge, especially Excel and SAP.

    Languages

    The official languages ​​of IOM are English, French and Spanish.

    External candidates for all Professional category positions must be fluent in English and have at least a working knowledge of one other UN language (French, Spanish, Arabic, Russian or Chinese).

    For all candidates, fluency in French and English is required (oral and written).

    Proficiency in the required language(s) will be specifically assessed during the selection process, which may include written and/or oral assessments.

    Remarks

    Accredited universities are those listed in the UNESCO World Higher Education Database (https://whed.net/home.php).

    Required Skills :

    Values – all IOM staff members must respect and demonstrate these three values:

    • Inclusion and respect for diversity: respects and promotes individual and cultural differences; encourages diversity and inclusion wherever possible.
    • Integrity and transparency: maintains high ethical standards and acts in a manner consistent with organizational principles/rules and standards of conduct.
    • Professionalism: demonstrates the ability to work in a calm, competent and committed manner and exercises careful judgment in meeting day-to-day challenges.

    Basic skills – level 3 behavioral indicators

    • Team work: develops and promotes effective collaboration within and between units to achieve common goals and maximize results.
    • Give results: produces and delivers quality results in a service-oriented and timely manner; is action oriented and committed to achieving agreed results.
    • Knowledge management and sharing: continually seeks to learn, share knowledge and innovate.
    • Responsibility: takes ownership for the achievement of organizational priorities and takes responsibility for own actions and delegated work.
    • Communication: encourages and contributes to clear and open communication; explains complex topics in an informative, inspiring and motivational way.

    Managerial skills – level 3 behavioral indicators

    • Leadership: provides clear direction, leads by example and demonstrates the ability to achieve the organization’s vision; helps others realize and develop their potential.
    • Empower others and build trust: creates an atmosphere of trust and a conducive environment where staff can bring their best and develop their potential.
    • Strategic thinking and vision: works strategically to achieve organizational goals and communicates clear strategic direction.

    The IOM Competency Framework is available at this link.

    https://www.iom.int/sites/default/files/about-iom/iom_revised_competency_framework_external.pdf

    Competencies will be assessed during a competency-based interview.

    Other:

    Internationally recruited professional staff should be mobile.

    Any offer made to the candidate in relation to this vacancy announcement is subject to confirmation of funding.

    This selection process may be used to staff similar positions in various duty stations. Candidates recommended and approved by the Appointments and Postings Committee will remain eligible for appointment to a similar position for a period of 24 months.

    The list of NMS countries above includes all IOM Member States that are not represented in the professional category of staff members. For this category of staff, candidates who are nationals of the country of the duty station and who do not have previous experience outside the country of the duty station as a staff member in the professional category cannot be considered as eligible.

    Appointment will be subject to certification that the candidate is medically fit for appointment, accreditation, any residency or visa requirements, and security clearances. Subject to certain exemptions, vaccination against COVID-19 will in principle be required for those hired from November 15, 2021. This will be verified as part of the medical clearance process.

    Vacancies close at 11:59 p.m. local time Geneva, Switzerland on the respective closing date. No late applications will be accepted.

    How to register

    Interested candidates are invited to apply HEREno later than September 15, 2022, with reference to this announcement.

    IOM only accepts completed applications submitted through the IOM online recruitment system. The online tool also allows applicants to track the status of their application.

    Only selected candidates will be contacted.

    For more information, please visit: www.iom.int/recruitment

    No charges:

    IOM does not charge any fees at any stage of its recruitment process (application, interview, processing, training or other fees). IOM does not request any bank account information.

    Requisition: VN 2022 286 Principal Regional Resource Management Officer (P5) Dakar, Senegal

    (57734758) Released

    Publication: publication NC57734759 (57734759) released

    ]]>
    City Surveillance Market – Growth, Trends, Impact of COVID-19 and Forecast (2022) https://funwithjustin.com/city-surveillance-market-growth-trends-impact-of-covid-19-and-forecast-2022/ Mon, 05 Sep 2022 14:46:00 +0000 https://funwithjustin.com/city-surveillance-market-growth-trends-impact-of-covid-19-and-forecast-2022/

    ReportLinker

    The city watch market was valued at $10,232. 9 million in 2021 and is expected to register a CAGR of 8.5% over the forecast period (2022-2027). With the rapid developments in cloud computing and video surveillance software, the urban surveillance market has transformed from the previous decade.

    New York, Sept. 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “City Surveillance Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” – https://www. reportlinker.com/p06020228/?utm_source=GNW
    Additionally, growing concerns about public safety and security are fueling the adoption of IP cameras and video management systems worldwide. Rising investment in smart city projects and reduction in IP camera prices, coupled with technological advancements in analytics and software, are increasing the demand for wireless and spy cameras to keep citizens safe . These are the major drivers for the growth of the urban surveillance industry.

    Highlights
    The growth of the urban surveillance market is expected to be fueled by the introduction of new IP-based digital technologies to detect and prevent unwanted behaviors, such as shoplifting, thefts, vandalism, and terrorist attacks.
    The deployment of video analytics and CCTV cameras to identify potential criminals is expected to reduce the crime rate in various countries. Also, it is expected to increase the demand for an integrated monitoring system.
    With the growing inclination towards advanced technologies, such as 5G, and the growing need for technology-driven surveillance systems, leading IT services company Atos entered the video analytics market by acquiring Ipsotek in April. 2021. Ipsotek’s VISuite provides multi-camera tracking capabilities and can be used in a variety of use cases including crowd management, smoke detection, intrusion detection, perimeter protection, reconnaissance license plates and traffic management.
    Various vendors in the market are increasingly focusing on precision. When unsuccessful, many vendors in the market have faced a backlash from consumers and government agencies due to technologies lagging behind in recognizing faces in certain scenarios. For example, Amazon’s facial recognition software “Rekognition” has been accused of falsely identifying 28 members of the US Congress as those arrested for various crimes. These issues are expected to be a major barrier to the adoption of surveillance systems.
    The COVID-19 pandemic is moderately stimulating innovation in electronic security for urban infrastructure while highlighting technological elements that will be essential to maintain broader business momentum in the immediate future. With the increase in digitalization of global business operations around the world due to the pandemic, the demand for electronic security systems in smart city monitoring is showing significant growth worldwide.

    Main market trends

    Camera Segment to Hold Largest Market Share

    The segment includes IP camera systems, network or PoE cameras and hybrid cameras. An IP camera is a networked camera via a fast Ethernet connection. The IP camera sends signals to the main server or the computer screen via an Internet or network link. It is mainly used in IP surveillance, closed circuit television (CCTV) and digital videography.
    The expansion of interface options available for IP cameras is also driving its applications in industrial sectors globally. Companies are now offering PoE (Power over Ethernet) security and surveillance cameras, which allow network cables to carry electrical power.
    Over the past few years, the adoption of IP cameras has increased, driven by the growing demand for crisp image resolution and perimeter surveillance. Critical technologies adopted by cities in the region include CCTVs, command and control, private LTE communications, data storage, ANPR (automatic license plate recognition), video analytics and equipment Support ICT. These technologies have driven the adoption of IP cameras.
    The Asia-Pacific region is witnessing a surge in the adoption of surveillance cameras due to several smart city initiatives, rising crime rates, and the advent of AI/ML. Additionally, the expansion of transportation infrastructure is one of the main drivers for the adoption of hybrid CCTV camera systems. For example, South Korean national and local governments install tens of thousands of closed-circuit television (CCTV) cameras in public places every year. In 2021, there were nearly 1.46 million cameras in use, according to the Privacy Commission. This is an increase of approximately 200% from five years ago.
    Overall, the global increase in crime rates is also contributing to the growth of the market studied. In March 2022, Montreal police announced a plan to install nine more security cameras across the city in response to an increase in violent crime. With the addition of the nine cameras, which cost up to $11,000 each, police say they plan to operate a surveillance network of 42 cameras in the city by the end of the year. Additionally, in April 2022, Vancouver City Council announced that it was considering using closed-circuit television, or CCTV, to deter violent crime in the city. According to the latest GeoDash crime statistics from the Vancouver Police Department, overall crime in 2022 is up 13% from 2021. Mischief and theft seem to drive up the overall average.

    Asia-Pacific is expected to register the fastest growth over the forecast period

    With the rapid growth of smart city infrastructure in the region, the adoption of smart security technologies is gaining prominence, which helps to mitigate crime rates. Additionally, enhanced technological innovations enable cloud data storage and real-time analytics.
    Smart city technologies provide analytics, real-time monitoring, and decision-making solutions. Security solutions can predict potential crime scenes by analyzing data from sensors and CCTV cameras deployed across the city with data from social media feeds. This would allow the police to successfully arrest potential perpetrators or track them.
    Monitoring and analytics systems pose serious challenges to enterprises as they face operational issues, and accuracy is one of the top concerns that hinder adoption rates. Various vendors in the market are increasingly focusing on precision. When unsuccessful, many vendors in the market have faced a backlash from consumers and government agencies due to technologies lagging behind in recognizing faces in certain scenarios.
    According to the Asian Development Bank, about half of the population of the Association of Southeast Asian Nations (ASEAN) countries lives in urban areas, and an additional 70 million people are expected to become city dwellers in by 2025. The strategy recognizes technological advances such as smart city projects and smart buildings as a solution to address these urbanization challenges. Such an increase in smart city projects will boost the urban surveillance market; Additionally, the Chinese government frequently promotes smart city cooperation through its Digital Silk Road initiative, an important component of the Belt and Road Initiative (BRI). Within ASEAN, cooperation is enhanced by the ASEAN-China Vision 2030 strategic partnership. China is committed to supporting ASEAN’s technology transformation initiatives, including the ASEAN ICT Master Plan 2020 and the ASEAN Smart Cities Network. Such visions of smart cities will drive the market studied.
    In February 2021, harsh environments quickly and affordably. The versatile ITS camera, a new traffic product from Hikvision, an IoT solution provider with video as its core competency, is intended to increase traffic safety and drive more efficiently. As the name suggests, the camera combines various features in a single package, including automated plate recognition, speed detection, traffic violation detection and vehicle attribute analysis. This multidimensional idea was kept in mind throughout the design and development of the new ITS camera. It is the first camera manufactured by Hikvision to combine three previously independent modules into a single unit without sacrificing performance, making the camera compact and adaptable to be installed in

    Competitive landscape

    The city surveillance market is highly fragmented owing to the fact that many key players are constantly upgrading themselves to gain a competitive advantage over other players. The urban surveillance market is currently dominated by major players such as Dahua Technology Co. Ltd, Bosch Security and Safety System ? (Bosch Group), Hangzhou Hikvision Digital Technology Co. Ltd, Hanwha Techwin (Hanwha Group) and Honeywell Security Group (Honeywell International Inc.)

    June 2022 – Dahua Technology Co. Ltd. announced a new Night Color2.0 Fusion camera with dual-lens technology, delivering color images in poorly lit scenes. Night ColorFusion technology is ideal for low light applications where covert security and full color images are required.
    May 2022 – Bosch has added two fixed cameras to the Inteoxopen camera portfolio: the Flexidome and Dinion inteox7100i IR cameras. AI-powered cameras bring efficiency to various indoor and outdoor applications, including city surveillance, airports, government, and traffic.

    Additional benefits:

    The Market Estimate (ME) sheet in Excel format
    3 months of analyst support
    Read the full report: https://www.reportlinker.com/p06020228/?utm_source=GNW

    About Reportlinker
    ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

    __________________________

    CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
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