Categories ArchivesNews and Analysis

One Idea From Tesla We Should All Steal: A Low-Interest Employee Loan Program standard

Earlier this Spring, Tesla announced that it would be rolling out loan programs for its employees. This unique announcement offers a ray of light for employees during an otherwise cloudy first half of the year for the electric vehicle company. Tesla Losing Its Charge? According to its Q1 2019 10K report, Tesla’s energy generation and storage business saw revenues decrease by $85.4 million compared to Q1 2018. Additionally, in the U.S., the federal tax credit for buying a qualified electric vehicle has been reduced to $3,750 for all vehicles delivered during the first or second quarter of 2019, and further reductions will occur throughout the last two quarters of the year. This tax credit will vanish entirely beginning Jan 1, ...

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Hidden Hazard Disclosures Will Protect Lives And Livelihood standard

For most people, their property is their principal financial asset. For those so fortunate to have more than one property, whether a vacation home or a source of “side-hustling” revenue from rental income or as a part of an investment portfolio, a changing risk landscape is beginning to present unanticipated challenges. These challenges are not only eroding market confidence and pricing, particularly in disaster-prone areas, such as coastal or flood-prone communities, they are also eroding buyer interest. Yet, insidiously, risk disclosures are nowhere to be found in the real estate sales, mortgage origination or insurance placement process, which often leaves consumers high and dry as the waters rise, insurance retreats and property values tumble. Introducing national hidden hazard disclosures for ...

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Cataloguing And Catalyzing Blockchain For Impact standard

Since the mysterious Satoshi Nakamoto white paper first spoke of a “peer-to-peer version of electronic cash” more than a decade ago, social impact applications for blockchain, bitcoin’s underlying technology, have remained a cornerstone in the sector. Indeed, blockchain projects large and small have attached themselves to fighting the scourges of traditional systems and centralized structures, which have produced an uneven embarrassment of riches on the planet and left billions of people on the sidelines. Now, more than having a business case or determination for social impact using blockchain technology, there is a new ledger cataloguing blockchain-powered projects from around the world and how they are aligned to the UN’s Sustainable Development Goals (SDGs). The Blockchain Impact Ledger was spearheaded by ...

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Lessons from Baltimore’s Crippling Ransomware Attack standard

The city that reads, Baltimore, is only the latest U.S. city to fall prey to a crippling ransomware attack. This time, the attackers appear to have leveraged a new ransomware variant called RobbinHood, which crept under firewalls crippling key city systems. In all, the attackers demanded a ransom payable in 13 bitcoin ($103,000 at today’s exchange rate), showing how the advent of cryptocurrencies has given cyber criminals added cover, although payments to digital wallets, particularly in bitcoin are traceable to individual wallets, even at the micropayment level. Baltimore’s case, like Atlanta before it, demonstrates how countless cities, communities and public sector entities are squarely in the crosshairs of cyber threats and proving to be easy prey at that. Cities and ...

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Why Enterprise Blockchain Projects Fail standard

Blockchain technology, like other innovative breakthroughs before it, is undergoing a rapid prototyping and adoption phase. A big percentage of the largest companies in the world are embarking on all manner of experimentation, from the trivial to the ambitious. Indeed, blockchain’s allure is so powerful that it has won over once ardent detractors, such as JP Morgan, whose CEO, Jamie Dimon poured cold water on cryptocurrency speculation when bitcoin was at its hottest, only to launch JPM Coin and now embrace the transformative potential of blockchain in a new partnership with Microsoft. What belies this fervor is the unspoken reality that notwithstanding the noise in the market and the volley of “world changing” press releases announcing the latest way blockchain ...

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10 Ethics Rules for Better Risk Management standard

Putting ethics front and centre of senior management decision makers is vital if risk managers want to stay ahead of ethical violations, says Dante Disparte, founder and CEO of Risk Cooperative. With the growing number of firms falling prey to cyber risk, governance failures and market forces, there is a need for greater agility in how decisions are made and risks confronted. Yahoo!, with its record-breaking cyber breach estimated at more than 500 million records, and Wells Fargo are but two of the latest firms to face complex challenges and an unwanted public excoriation. Like VW’s emissions scandal or the warning signs that could have prevented the Germanwings disaster, it is time for senior business leaders and their boards to ...

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Dubai Pilots Blockchain Data Storage With Outlier Ventures standard

Smart Dubai, an ambitious technology-powered transformation project that aims to put a smile on the faces of the residents of the city-state, is now making a big bet on the world’s first open, decentralized data architecture. In partnership with Outlier Ventures, a web 3.0 investment platform with pioneering technology companies leveraging blockchain, artificial intelligence (AI), and a novel vision of convergence, aims to unlock and democratize value from data. The move, which will see the launch of a Dubai Decentralized Data sandbox, will enable innovators to work in a rapid prototyping environment to uncover new ways of organizing, interfacing and extracting insights, value and smiles from Dubai’s data lake. A new report published by Outlier Ventures and Smart Dubai highlights ...

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Jury Duty – A Blockchain Solution Looking For A Problem standard

The right to trial by a jury of peers formed from and representing the diversity in a community is a unique feature of the U.S. legal system, along with numerous jurisdictions around the world. However, being called for jury service, notwithstanding the civic and patriotic duty being upheld, is to experience the very underbelly of government inefficiency. Hurry up and wait is an understatement for most aspiring jurors. Throughout the lifecycle of jury service, from identifying would be candidates who are inclined not to dodge the experience (at their own peril), to the day of jury selection and appearing before a judge in the voir dire process, the amount of friction, inefficiency and operational waste can be greatly simplified using ...

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The Problem With Data Dividends And Taxes standard

As more and more policymakers and elected officials in the U.S. and around the world try to flex their regulatory muscles on cybersecurity and privacy, calls for a citizen data dividend or punitive data tax are getting louder, while the practical ways of achieving this grow more tenuous. The mechanics of this approach, however, much like the general lack of technology literacy on display by many lawmakers, is that the item they want to tax, data the world’s first limitless asset, currently has no generally accepted valuation methods from an accounting point of view. How then do you tax, track, let alone pay dividends on such an amorphous object as data and personal information? Punitive approaches such as the imposition ...

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Navigating the Enterprise Blockchain Wars standard

As one major technology player after another enters the enterprise blockchain arena, each promising some blockchain-based magic bullet such as end-to-end supply chain tracking without fully answering the essential question of how data enters the blockchain in the first place. What is becoming increasingly clear in this emerging technology’s rapid prototyping phase is that to truly harness the potential underpinning blockchain, people should think of it more as a design principle rather than some newfangled technology craze. Doing so would enable a vision beyond the hype and help determine where the use of blockchain, either in a consortium or in single enterprise deployment, is fit for purpose. The hardest part with blockchain and its related technologies, like all digital transformation, ...

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