Blockchain – Impending Revolution in Glob… Related Posts Nikolaos KostopoulosFintech/ Blockchain Advisor Nikolaos Kostopoulos is a Fintech advisor incumbents with a focus on Capital Markets & asset tokenization. Nikolaos is a pioneer in the consensus industry since early 2015. He is an early adopter and enthusiastic evangelist for decentralised technology as a way to improve many aspects of the modern world. His Master’s thesis “Developing an optimal financial and regulatory governance mechanism for cryptocurrencies in the European Union” was among the very first academic papers to argue the need and the method for regulating cryptocurrencies in the European Union. Nikos is a frequent speaker at financial events related to regulation and Security Token Offerings. How Blockchain Changes Nowadays Business Security Why is Bitcoin Soaring? Investment advisors are often quick to state that data on past performance is no guarantee of future results. It is, however, still relevant to include historical data when analyzing assets and making forecasts in any financial market. The future remains uncertain, and since few investors have access to a crystal ball, data on past performance remains an integral part of the information needed for decision making in the world of investment.The use of financial data for investment decisions means it is imperative that the data investors rely on paints an accurate picture of the markets in question. Unfortunately, this is not the case as the average investor in most markets does not have timely access to reliable data to allow well-informed decisions in the markets. On the brighter side, the advent of blockchain technology makes it possible to record and track financial data without forged figures. In the future, the combination of blockchain technology and data aggregation will place the investor in a more advantageous position when it comes to making decisions in the markets.Data, not Hype will Restore Investor Trust in the Financial SystemThe absence of meaningful investment data is a more significant issue in newer markets, and in the cryptocurrency market there are widely reported cases of wash trading and manufactured transaction volume on a startling number of exchanges. In cases such as these, it becomes virtually impossible to use trading volume to judge the general interest in a particular crypto asset. Few crypto-whales or even exchanges make a stand without trading fees, and they could be engaged in wash-trading which often leads to price manipulation and exaggerated trading volume.When the exchanges are not qualified the information can means that a cryptocurrency asset with very little active inflow from investors could have a large market cap nonetheless. The absence of meaningful data to use as input for investment decisions makes crypto investing more like gambling, and some potential investors in such markets are merely put off by the lack of reliable data and outright manipulation.Blockchain-Based Data Could Clean Up All Markets and Provide Investor ClarityTraditional markets like venture capitalism, equities, and real estate are also far from perfect. Financial data for these markets tend to cover the performance of assets over set periods and the time it takes compile performance reports means that investors do not have real-time data which could help them make time-sensitive decisions. A more comprehensive approach would be to include all capital inflows and outflows from each sector invested in an asset as well as the corresponding dates. Ideally, this data should also be linked to and compared against general market sentiment, media events and other relevant factors. Investors are usually the primary end-users of aggregated financial data from providers like Finicity, Quovo, MX, and Intuit. This data typically involves the compilation of financial data for the purpose of presenting the final information in a digestible form for meaningful analysis and interpretation. In the cryptocurrency market, a typical example of aggregated financial data would encompass historical performance of crypto assets, the amount of investment in each asset, corresponding dates and how all the data relates to general market sentiment and major events. Investors furnished with such comprehensive data would be better positioned to make better trades.Ideally, financial data stored on blockchain could be easily aggregated and this should also significantly reduce the cost of accessing trading data. At the moment, SeekingAlpha charges from $19.92 to $29.99 monthly, while TradingView charges from $9.95 to $39.95 per month to access real-time trading data, breaking news and access to unique trading tools. Many retail investors are unable to afford these services or do not feel that access to such info is worth the price as their investing scope may be limited to a particular sector or market and many data providers use the one-size-fits-all approach by providing access with an unnecessarily large swath of data. The benefit of mobile trading platforms like Acorns, Roobee and Stash are Generation Z & Y retail investors have access to accurate trading data and the ability to develop a low-cost diversified portfolio in a range of sectors. To provide credible and transparent investment more investment platforms need to record all the values and transactions on blockchain so no third parties and even founders may change the information.In a recent interview with Forbes Roobee co-founder Artem Popov, explained that “We’re trying to level the playing field of financial markets and our goal is to provide retail clients with the same investment opportunities and level of security as the largest financial market players.” Popov further explained that as he became more engrossed with investing and financial analysis, he noticed that there are “hardly any investment products available to the general public as the majority of investments like venture funds, IPOs, and commercial property are typically reserved for accredited and institutional investors, not retail investors.”To be capable of making sound investments in each market, an investor would have to make meaning of complex data from different sources, and clearly, this can be a considerable headache for novice investors. Data also shows that the new, younger generation of investors are interested in investing and worried about their long-term financial futures but also increasingly skeptical of banks and Wall Street brokerages. They are quickly overwhelmed by the thought of having to sift through hundreds of indexes and rather than attempting to decipher complex financial data, this group would instead enjoy the simplicity of gamified, transparent, low effort ‘automated’ investing.Eventually, the impact of blockchain-based aggregated data platforms will be more profound in the cryptocurrency market where it is common for various entities to churn out fabricated figures. Replacing misleading crypto performance metrics with blockchain-based aggregated data would give investors a view of the actual state of and fair value of cryptocurrency projects and bring about more transparency and effective investment.Immutable Financial Data will Levels the Playing FieldEvery year an uncountable number of investment offerings are brought to the market, and each provides varying degrees of transparency and often the yield of the asset or investment is not natural for the public to locate. Integrating blockchain technology to financial products managers, transactions and performance outcomes will provide additional transparency. Investor confidence in various financial markets also stems from having access to comprehensive data and investors are likely to be more comfortable investing their funds in markets when they are well informed and knowledgeable. Data shows that retail investors left the cryptocurrency and ICO markets partially due to a lack of transparency and a general mistrust in financial data. The same can be said for traditional finance as many millennials are extremely skeptical of financial institutions for a variety of valid reasons. Retail investors’ confidence in these markets could rise when blockchain-based financial aggregated data is made available to them, and the regained confidence could translate into greater trading volume and the arrival more sophisticated and institutional investors. Furthermore, blockchain technology will ensure that financial service providers carefully vet the investment assets they offer and that they also carefully report performance data. All of these measures will help users get a better understanding of the instruments they are choosing for their portfolio and investing in the best-performing ones.To this day, a lack of transparency represents one of the primary issues complicating the ability of investors to make informed investment decisions. The aggregation of financial data gives investors more purposeful and comprehensive data, and the integration of blockchain technology injects more transparency in the process of providing data. Ultimately, it will be innovative technologies such as these that allocate more power and control to the average investor. Tags:#Big Data Finance#Blockchain Data#Blockchain fintech#Blockchain transparency#Blockchain trust#Financial Data ToyBox and PlayTable Partner Together For Block…
A week after businessman Abhijeet Nath was lynched by a mob in a central Assam village, the sister of his fiancée has recounted how the killers were allegedly casual about having bludgeoned him to death along with his friend, audio engineer Nilotpal Das.Apart from being nonchalant, the people who lynched the duo took pleasure in conveying the news of their gruesome death, Airin Gogoi wrote in a Facebook post.“I was arranging my office desk, shutting down the computer and was about to return from work. It was 8:05 pm, June 8. I received a call from my sister with a shaken and panicked voice. ‘Airin ba (elder sister), someone received Abhijeet’s phone,’ she said,” Ms. Gogoi wrote.“Bhontie (younger sister) told the man to give the phone to Abhijeet. No, the man replied in broken Assamese. Where is he, she asked. Dead, we killed him, he’s lying on the road, the man said. Please don’t speak like that; why did you kill him, she asked. Who are you, he asked. I am his wife-to-be, please don’t kill him, she pleaded. You cannot get your man, we killed him, he said and asked where Abhijeet was from. Guwahati, sister said. He can’t return to Guwahati, read about his death in the newspaper tomorrow,” she wrote.The man on the phone had treated Abhijeet and Nilotpal like some objects and seemed to derive pleasure from killing them, Ms. Gogoi wrote.“I was blank for a moment, called Abhijeet’s dad who was returning home from Morigaon, his workplace, for weekend. I narrated the whole thing, he was totally unaware. Being a father, his response was positive and told me not to worry and to console my sister. He said, ‘I will talk with Abhijeet’s mom whether he went to Karbi Anglong or not’,” she wrote.Ms. Gogoi said Abhijeet and Nilotpal had gone to Karbi Anglong to contact fishermen there for collecting a rare fish known as Channa stewartii. “A Mumbai fish breeder had told Abhijeet the fish is available only in Karbi Anglong. His room is full with aquariums. He was a dog lover. His dogs Spike, Aizen and Zendaya and his fishes don’t know he is no more,” she said.Ms. Gogoi said Abhijeet had called her sister about 6 pm saying they had set off for Guwahati. Abhijeet’s mother called him at 7 pm and someone picked it up. But there were some noises that made her think he was in a marketplace.“My sister called at 8 pm and got that terrible news,” she said.‘Rename waterfalls’Noted Assamese author Rongbong Terang, who belongs to the Karbi tribe, has suggested that the Kangthilangso waterfalls that the lynched duo visited on that fateful day should be renamed after them.“Let’s call the waterfalls Abhi-Neel Jalpropat,” Mr. Terang, former president of Assam Sahitya Sabha, said on Thursday. He rejected the suggestion of Tuliram Ronghang, chief executive member of Karbi Anglong Autonomous Council, that statues of the two men be erected at the village they were killed.“The statues will only remind people of the gruesome day,” Mr. Terang said.On Wednesday,Director General of Police Kuladhar Saikia said Mr. Das and Mr. Nath were set up by a man named Alphajos Timung, who had an axe to grind. The man had called up members of the lynch mob and sold them the story that the duo were escaping in a black SUV after kidnapping a child.Police said they have so far arrested 28 people for lynching the duo while 35 others have been arrested for spreading rumours and hate-mongering via social media.
Torres on Ishige: ‘I can easily take her punches’2.2K viewsSportsVentuno Web Player 4.51 NCAA Season 93’s Best 7: Week 4 Lacson: SEA Games fund put in foundation like ‘Napoles case’ Torres found her golden moment early in the second round when she caught Ishige’s kick and launched a booming right hand that put “Tiny Doll” on the mat. The 21-year-old then proceeded to pummel Ishige’s picturesque face before choking her out 1:58 into the round. “I saw that she didn’t smile much when I had her and when I felt that she got scared of my striking, I knew then that I had her so I just pushed it,” said Torres. ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next LATEST STORIES Trump strips away truth with hunky topless photo tweet FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ Robredo should’ve resigned as drug czar after lack of trust issue – Panelo MOST READ MACAU—Filipino MMA fighter Jomary Torres looked like a nervous wreck in her first press conference, but it was a different story come fight night. In the biggest fight of her young MMA career, Torres unleashed a monster hidden within her 5-foot-1 frame.ADVERTISEMENT View comments Torres (2-0) fought for the first time in ONE Championship Saturday and the Zamboanga native put on a show the beautiful Rika Ishige had no chance of shining in.READ: PH bet Torres chokes out Ishige for debut win in ONEFEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsPhoto from ONE CHAMPIONSHIPAnd Torres, after stuttering in her first media exposure, exuded the confidence of a fighter, who just made her dominant arrival. “Rika’s strikes weren’t that strong and I can easily take her punches,” said Torres in Filipino. “Though, I was surprised when I hit her with my hook and she was still standing.” Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games NGCP on security risk: Chinese just technical advisers National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress DILG, PNP back suspension of classes during SEA Games Don’t miss out on the latest news and information. Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant
Minister without Portfolio in the Ministry of Transport, Works and Housing, Hon. Dr. Morais Guy, says that vulnerable states in the Caribbean and Latin America must commence “serious plans” for the implementation of disaster risk management policies. The move, he said, is critical in confronting the effects of climate change, and predications for more powerful and intense hurricanes. Dr. Guy was delivering the keynote address at the opening of the 7th Annual Caribbean Conference on Comprehensive Disaster Management on Tuesday (December 4) at the Hilton Rose Hall Resort and Spa in St. James. The five-day day conference, organised by the Caribbean Disaster Emergency Management Agency (CDEMA), seeks to come up with measures to build the resilience of small island developing states to the effects of climate change. Dr. Guy stated that locally, the Government has committed to strengthening the capacity of communities, establishing a Ministry with responsibility for climate change; a Climate Change Advisory Board; and a Climate Change Department. He noted that the issue is also factored in all aspects of development planning. “Jamaica has also received a grant of $850 million (US$10 million) from the Adaptation Fund Board, for the establishment of a Climate Change Adaptation Programme. This programme is intended to introduce measures to protect livelihood and food security in communities that are particularly vulnerable to the impacts of climate change. The project will also focus on improving land and water management for the agriculture sector, strengthen coastal protection and build institutional and local capacities for climate change adaptation in selected areas,” Dr. Guy informed. He commended CDEMA for “the work that it is doing in putting small island developing states in a state of preparedness for the disasters that threaten our very existence”. He urged that, as stakeholders seek to find avenues to build disaster resilience over the course of the conference, “we will not be limited by our smallness of size, but to be visionary and monumental in our projected outcomes.” “We must establish the context in the face of the challenges that we face, because it is facing these challenges squarely that we will be able to determine the best measures to move us forward as successful nations … there are few options to reduce the occurrence and intensity of most natural hazards. As such, greater emphasis needs to be placed on hazard risk management activities and programmes for reducing existing and future vulnerability to damage and loss,” Dr. Guy stated.