6 Technologies that will Revolutionise the Aviation Industry in 2017
- Blockchain Technology
- Identity Management
- Tokenising Frequent Flyer Programs
- Item custody-change tracking
- Tokenising e-tickets
- Game of Drones
- Augmented Reality
- AI (Chatbots)
- Airline New Distribution Capability
- Indoor positioning systems (Beacons technology)
Source: 6 Technologies that will Revolutionise the Aviation Industry in 2017
Read MoreBoeing Improves Operations with Blockchain and the Internet of Things – Cloud Foundry Live | Altoros
Currently, the provenance of each component part in the life cycle of an aircraft is hard to track. This contributes to the complexities that arise in the operation, maintenance, and the eventual disposal of each individual plane.
Source: Boeing Improves Operations with Blockchain and the Internet of Things – Cloud Foundry Live | Altoros
Read MoreDigital currency in aviation financing | International Law Office
Although there are a few disadvantages associated with using digital currency as a means of trade, it poses advantages in eliminating the numerous costs imposed by intermediaries. Further, it is a secure form of currency as each user is in control of their money and there is less economic risk associated with trading with digital currencies.
Source: Digital currency in aviation financing – Newsletters – International Law Office
Read MoreStartup Management » Safe ICO Practices (SIP)
In a nutshell, there are four commonly emerging areas where a lot of the risk can build-up:The amount of disclosure about the token creation event (the sale itself)Decisions around the terms structure of these offeringsThe ongoing level of credible transparency about the evolution of the project, post-saleToo much speculative activity in the public exchanges prior to going live, causing a disconnect between value and valuationNote that the following set of thoughts are not regulatory prescriptions. They are suggested practices, that once properly implemented could help to avoid unnecessary regulation. At least, they could contribute to promoting a more healthy self-discipline by ICO practitioners.
Source: Startup Management » Safe ICO Practices (SIP)
Read MoreLeveraging artificial intelligence in accounting | Acuity
- Computer-based automation and cognitive learning are seemingly the perfect match for the accounting industry.
- AI could drastically reduce the reliance on human smarts in a wide range of applications.
- AI will leverage a human’s ability to perform tasks, not entirely replace them.
Source: Leveraging artificial intelligence in accounting | Acuity
Read MoreCrypto Valley Association Comes Out in Support for Careful ICO Regulation; Announces ICO Code of Conduct | Crypto Valley
Read MoreThe announcement describes the development of an official, CVA-supported ICO Code of Conduct, a framework designed to guide ICOs on proper conduct, taking into account all legal, moral, and security obligations. The ICO Code of Conduct is expected to bring clarity and confidence towards a new, rapidly-growing asset class.
The ICO Governance Deficit | CoinDesk
An irony of the SEC’s finding on The DAO is that — the infamous hack aside — from one standpoint The DAO was an unusually investor-friendly token. Specifically, its governance was structured in a manner akin to a New England town hall: investors would have had voting rights over all potential DAO projects.
Source: The ICO Governance Deficit | CoinDesk
Read MoreXero to Offer Cross-Border Payments Through Bitcoin Partnership With Veem
Veem converts a sender’s funds into bitcoin before immediately selling such in exchange for the requested currency of a recipient, allowing businesses to bypass intermediary financial institutions.
Source: Xero to Offer Cross-Border Payments Through Bitcoin Partnership With Veem
Read MoreA Brief Introduction to Token Sales – A blog by Vinny Lingham
Firstly, you have to ask yourself, what is your token good for and why will people buy it?
Secondly, you have to design your token in such a way that it makes sense to prospective users, and be as clear as you can when you describe the terms and functionality in connection with the sale of the tokens. A token sale is essentially the same as a crypto currency — e.g., Bitcoin or Ether — but the distinct difference is that you’re not offering a crypto coin that is mined with consensus rules, instead you’re offering a token, for example Civic (CVC), which might have a special purpose (smart contracting, etc). Tokens are typically not mined — they merely sit on top of the crypto platform they are issued upon.
Source: A Brief Introduction to Token Sales – A blog by Vinny Lingham
Read MoreThe Economics of Blockchain Protocols | Primoz Kordez – Medium
Individuals can be included in various roles in the system, and the protocol is set in such a manner that these individuals are rewarded or punished according to their completion of tasks. This means that there is a symmetry or a so called “incentive discentive model” — beside receiving a reward for a successfully completed role, an individual can also be punished by having its staked cryptocurrency “burned”. Whenever possible, the protocol evaluates an individual’s contribution independently and rewards or punishes them accordingly; when the protocol does not have this ability, this decision is left to the market.
Source: The Economics of Blockchain Protocols | Primoz Kordez – Medium
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