Samir Ceric is a well-known investor and entrepreneur who has managed various senior executive roles in his professional career. Being from a multi-faceted family, Samir feels privileged to be nurtured with values of philanthropy and charity.

His love for Mathematics urged him to pursue a Master’s with majors in Decision Theory, Statistics, and Probability from Università di Bologna. There, he realised that Mathematics is not just about numbers, “The human behaviour and psychology are based on stats and probability. So, these subjects helped me understand the world, the life, and the society that we live in as rather a different kind of a platform- just a number crunching exercise.”, he explained.

Explaining to Dinis about his multicultural experience during his extensive professional years of investment banking and entrepreneurship, he said, “We should celebrate the similarities, but we learn about the differences in the way that helps us do business, help us open opportunities for each other, help us combine interests, and generate success stories as a result of that.”

Golden words of a veteran

Speaking directly from his experience, Samir told Dinis that the gist of progressing along to the C-level is the ability to spot and create opportunities. He emphasised the essence of inspiring, encouraging, and empowering those around us.

Sharing the key element to being a true leader, he said, “If you can be the leader that recognises the potential lying around when the people are struggling and is able to articulate the challenges to the investment groups and boards at the times when they are also looking to make the decisions, you are doing the right things, you are on the road to success.”

To Dinis’s curiosity as to how he deals with the challenges, Samir had the most pragmatic answer. According to him, no achievement or success comes without lessons learnt. He is a firm believer that ‘There are no failures in life, only lessons learnt.’

“Even if you don’t achieve all the things, you set out to achieve, you will probably achieve so much more if you are ambitious, committed, and showcase the most difficult skill to acquire- patience. If you can draw from difficulties, challenges, and failures, you sharpen yourself, improve your character, and dramatically improve your chances of success.”, he enlightened.

Blocksport: A holistic ecosystem that is one-of-its-kind

As the discussion progressed to more intriguing elements, Dinis congratulated Samir for his achievements in life, especially for his exemplary contribution to his current organisation. Explaining the unique nature of Blocksport, Samir said that it is the only sports tech company in the world that offers a full ecosystem for sporting entities and their fans.

“The fan engagement and the ability to offer fans even better opportunities to engage with their beloved clubs is something that’s been massively overlooked over the past few years, and it’s still today. So, Blocksport has thought of a full ecosystem for all these sporting entities to be able to help them facilitate opportunities in terms of revenue creation, improvement of their sponsorship, activation missions, improvements in fan engagement, and has come up with a very smart thing which is a non-speculative fan token.”, he explained.

He further mentioned to Dinis that the token products offer better utilities and benefits for fans and sporting entities. Also, he added that educating the community is the prime focus of Blocksport. While on one hand the club management is made aware to involve itself responsibly in the crypto space, the fan base is educated about the better content that can be made available at the digitalised platform- never-before experiences, opportunities, and digital assets (NFTs).

Pointing at the element that maintains the sustainability of the project, Samir said, “I think that five years down the line when we look back, we will see that all this buzz that’s been happening in the sports tech industry, majority of the buzz is long gone, and the players like Blocksport are sustained because they held the hierarchy to the utmost importance.”

Explaining this pyramid in the sports industry, he said that it has the fans at the top, the sports management in the middle, and the players like blockchain technology providers at the bottom. “We are here to serve the industry, we are not here to steal the customer data. Our partners own all the data, we are purely the facilitator and the enabler for further engagement and new revenue creation, in order to make their business model succeed.”, he elaborated.

Highlighting the achievements of the project, Samir told Dinis that Blocksport has launched token offerings for two of the sporting clubs already, including Partizan BC and Empoli FC. Bulgarian Football Federation and Kaizan Chiefs Football Club, the biggest franchise in South Africa, have also been signed and are in the planning phase of releasing their fan engagement apps and fan token offerings. Taking cultural differences into account, the company is strategically identifying a variety of markets to penetrate worldwide.

Speaking of Blocksport’s plans to bridge blockchain, 4IR, and the metaverse, Samir told Dinis, “Metaverse is something I’m very excited about and something that Blocksport is very keen to develop in partnerships and corporations at other places.”

Concluding an enlightening interview, Samir told Dinis that he is a supporter of the Blue Ocean business strategy, which believes in incorporation and collaboration. “We will only benefit and win if we truly want to incorporate our partners and also competitors. We will not win even if all we care about is the return of investment towards the investment groups or dragon horses of those companies.”, he shared.

About citiesabc.com
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About openbusinesscouncil.org
https://www.openbusinesscouncil.org/

4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)

Dinis Guarda citiesabc openbusinesscouncil Series is also available as podcast on:

Apple Podcasts: https://podcasts.apple.com/us/podcast/dinis-guarda-citiesabc-openbusinesscouncil-series/id1510330391

On Spotify: https://open.spotify.com/show/1vA8KaDaRpJ0mAfpNbfTSF?si=H_WngL4RSOyu1W7VAmM41w&dl_branch=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMDMyMzg4LnJzcw==

Amazon Music: https://music.amazon.com/podcasts/953a5156-823c-4e86-baeb-4fda1128e44c/DINIS-GUARDA-CITIESABC-OPENBUSINESSCOUNCIL-SERIES

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Dinis Guarda Interviews Samir Ceric, COO Of Blocksport & Discusses Digitalisation & Tokenization In the Sports & Industry appeared first on OpenBusinessCouncil Directory.

• They are an important growth driver for the world economy with greater employment opportunities and sustainable prosperity.

• Digitalisation is one of the key levers to pull to ensure that SMEs achieve this potential.

• Openbusinesscouncil provides a business and trade directory, digital identity certification, and marketplace for SMEs. Its directory, resources, and marketplace help businesses connect with each other to enhance their respective digital transformations and improve their outreach. 

Small and Medium Enterprises (SMEs) are defined as non-subsidiary, independent firms which employ fewer than a given number of employees. There are approximately 400 million SMEs globally, forming the very backbone of the world economy. They are the main source of job creation, accounting for over 95% of companies and 60-70% of employment across the world.

While their growth and potential are enormous, a vast majority of these businesses face complex and often insurmountable challenges: a lack of business connections, limited awareness of digital tools and best practices, limited staff, lack of timely information, poor funding, and economies of scale.

During the pandemic, the world realised that digital ways of working, contactless interactions, and augmented and autonomous operations enable a high degree of business continuity. Around 90% of the world’s businesses and SMEs do not even have a website or digital profile and lack financial support. And even if they do, they pay for their digital footprint significantly to the service providers, and more importantly, have poor or no social media engagement.

Data from World Bank and OECD states that online platforms are central to the digital transition of the society, and provide important channels for growth. With digital transformation platforms, SMEs can improve their productivity, lower operational costs, access business intelligence services, and generate economies of scale and of scope.

SMEs face challenges when operating on online platforms. Lack of digital skills and non-adaptive business models are frequent barriers. Achieving digital transformation and realising the benefits requires a collective push across the whole society and industries. There is, thus, a global effort to now leverage the potentials that lie at the bedrock of digitalisation- to raise industry productivity, upskill employees, uptake new work practices, and create regional new hubs for entrepreneurship and innovation.

Building a 4IR-ready platform: The openbusinesscouncil Solution

Openbusinesscouncil is a global business digital certification directory and marketplace working with business networks, governments, tech ecosystems, and leading universities and organisations. It allows businesses to grow, find trusted clients and partners, find the necessary digital transformation, and finance international trade.

Openbusinesscouncil allows the businesses to:

• certify themselves in a global leading digital directory,

• list their company, people, products, and website for maximum visibility and trust,

• access, and do business with verified businesses,

• grow their business in a global trade corridor between chambers of commerce and governments,

• access to financial solutions, trade finance, and tools for their business with the likes of Mastercard.

With its recent release, openbusinesscouncil brings forth to its global audience that the platform uses Fourth Industrial Revolution (known as 4IR) technologies, like blockchain, Artificial Intelligence to create an environment of transparency and trust, leveraging businesses to grow and get certified securely and efficiently with the maximum rewards – both short and long term.

Openbusinesscouncil is a platform to grow, empower and digitally transform businesses. Join the revolution where openbusinesscouncil opens doors to a thriving business economy- one that fosters sustainable growth and competitiveness.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post A Digital Certification Directory & Marketplace Created For Business: openbusinesscouncil appeared first on OpenBusinessCouncil Directory.

The alarming levels of global warming (and subsequent climate change) are a direct indicator of the widened gap between the reality of CO2 emission and the goals. A global climate-conscious effort is now the need of the hour and an essentially sustainable lifestyle that also facilitates the survival of our very own nature.

History has witnessed impressive human capabilities to bring significant changes- be it the discovery and use of fossil fuels (that led to the first industrial revolution), or the search for alternative sources of energy (to cater to the growing demands across the globe while the conventional sources of energy are at the brink of exhaustion).

While companies like Tesla are disrupting the transport industry with their introduction of electric cars and quad bikes, these initiatives fail to be enough given the rate at which the world is still dependent on fossil fuels to meet its global energy demands.

According to the latest IPCC reports, the average annual GHG emissions were at their highest levels during the past decade. While the growth rate of emissions has slowed, limiting global warming to the targeted 1.50C levels is unlikely, owing to a lack of immediate and deep emissions reduction across all sectors.

“It’s now or never if we want to limit global warming to 1.50C. Without immediate and deep emissions reductions across all sectors, it will be impossible”, IPCC Working Group III Co-Chair Jim Skea.

Innovative solutions and accelerated technological advancement, in sync with sincere human efforts and grit, are a way to sail humanity out of the climate mess (that the world is experiencing currently).

Green Technology to combat climate change

Some integral solutions for efficient and transparent carbon management are classified under the umbrella term – Green Technology. This strategy is gaining momentum in the wake of rising concerns to address global warming and climate change. AIoT, Big Data, and blockchain are powerful technologies that hold the promise to beat climate change.

AIoT (Artificial Intelligence of Things)

A myriad of databases and backend systems are involved to categorise and organise huge chunks of data from multiple business units. This requires the employment of an equal volume of manual labour. Integrating AIoT to this segment would enable seamless sourcing of data depicting real-time activity levels. It also provides an asset inventory from a plethora of systems.

This technology leverages the structuring, collection, and transformation capabilities, thereby facilitating accurate monitoring and measurement of the emission levels. Additionally, it reduces overall efforts for data collection and enhances data quality (and report resolution).

AIoT also helps in creating insights based on real-time data. Thus, accurate process emissions can be effectively predicted by analysing this data. This can efficiently refine the evaluation of the performance of abatement measures and reduce the overall marginal abatement costs.

Big Data

Historical and real-time big data solutions can help in identifying pressure points by locating sources of harmful emissions and their respective concentrations. The technology ensures transformative change by tapping the potentials within available data- advent of the Fourth Industrial Revolution.

Blockchain

The decentralised network of blockchain offers smart contract features that enable automate the enforcement of climate policies and regulations. In addition, it also enables the programming of incentives for businesses, individuals, and governments to comply with sustainable practices. Thus, smart contracts act as an incredible tool for mass participation in green practices globally.

Being in its nascent stage, green smart contracts have not enjoyed popularity in the past. With rapid growth over the past decade and intersection with other upcoming technologies, conscious efforts are giving it the required boost.

Tech alone can’t fix it

Technology offers sustainable solutions to manage global CO2 levels, enabling the world to meet net-zero pledges. However, technology has never been the cause of this climate mess. It is, therefore, logical not to put too much faith in it to be able to solve it entirely. Strong societal, political, and economic agendas are the driving factors for the application (and integration) of these advancements for realising the net-zero targets.

Technology is, certainly, a part of the solution. Nevertheless, it is only effective with collective human will and action.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Technology That Can Fix The Climate Mess appeared first on OpenBusinessCouncil Directory.

Financial and IT services expert, Lars Rottweiler, was interested in computers since his childhood. With a computer frame box in his garage during as early as 1981, he was absorbed by technology ever since. In a recent interview carried out by Dinis Guarda, he recalls, “Our consumption of energy was as much as a factory those days, but he let me experiment and use the computer as much as I wanted. So, my childhood was actually hacking and nerdy years”.

After studying Computer Science and Business Administration, he served many multinationals like Accenture, Deutsche Bank, and Infosys gaining extensive acumen for banking and IT services. Lars shares with Dinis that through his managing roles, he offered some unique and customised solutions for the industry.

“We created Pre-internet solutions which are continuously a little bit evolved but still using the old database and stuff. That’s why we decided to do things differently and started a new company”, he says in the interview.

More Interviews

James Zhang, CEO The Concept Art House – Games, Art And NFTs

Adam Hollander, Serial Entrepreneur, Pack Leader at Hungry Wolves – NFT, Gamification

Interview with Rishi Kapoor, Founder & CEO of paus.tv – The Revolutionary Streaming Platform For Independent Creators

Interview Kireet Khurana, Filmmaker & Creator Of Animation Film “Toonpur Ka Superhero” – Homelessness In India: The “Invisible Visible”

Pedro Gadanho – Architecture, Arts, Cities & Society – Former MoMA & MAAT Curator, Architect

Susan Oh, Future of AI, Blockchain; Blockchain For Impact Global Summit @ UN HQ, Top 10 Frontier Women in Digital

It is this rich knowledge and experience that drove him -and partner Vladimir Lounegov- to establish Mbanq, a fintech company in 2017. Dinis was excited to know about his realization of setting up a revolutionary solution for the world.

Asked by Dinis, Lars explained the fundamentals of his idea: “We quickly realised that there must be a market for it. An all-in-one banking platform that uses a completely different data architecture. Today, the biggest challenge with all the banks is to keep up with the regulatory changes and requirements.” Lars explains that much of the investment goes into operations instead of developing innovative solutions. This prompted him to use his acumen and present society with path-breaking solutions.

Talking about the evolving financial industry, Dinis asked Lars about the changing paradigms. Lars shares: “The fintech area in the crypto space is unregulated. But more and more regulations are being thought of. There’s more and more drive in this direction. How future regulative jurisdiction can probably control the market and control banking in a crypto space? We talk to many regulations by now to set the target lines and give a guideline on how this could be achieved in a way that it still has the freedom that crypto allows but gives a control. With control, we talk about the trust it gives us in this kind of operations”.

With the Web3.0 fast approaching, Dinis was interested to know how banks are transforming themselves. Lars explains to him that banking and financial services are increasingly being digitalised. He further shares how Mbanq acts as the link that offers innovative and digitalised solutions for banks to be able to thrive in the market that is subject to dynamics of regulations and jurisdictions.

A Lifelong Dream: Creating Mbanq

Mbanq is a FinTech company that sets up and operates banks for clients using its digital banking platform on a Software as a Service (SaaS) basis. Its proprietary technology provides an advanced, modular, end-to-end banking platform with everything required to instantly launch financial services for any use case.

“As a fintech we learn what market demands are and what our cohorts, our clients, our existing other banks, and the neo banks need as a service. So, we create an interconnected ecosystem and see it as part of one.”

Services include banking licenses, compliance, regulatory, lending as a service, payment as a service, credit card licenses, visa licenses, payment drills, ACH, SWIFT, and connecting to blockchain and exchanges.

“Just to summarise it, what do we do differently? I mean, many banks do think digitalisation means you have mobile phones and mobile apps, but we think digitalisation is in the backend, how it’s used to run the whole platform. So, we use Big Data Algorithms where the entire bank has a mobile platform, we have no disrupted data flows, and we never change data. We never accumulate and send it back to the database. We always process the transaction almost instantly, which makes us very flexible and very agile. And obviously, with the new IT infrastructure, we can achieve this kind of tremendous success”.

Mbanq has grown to become one of the most comprehensive digital banking providers globally since its formation in 2016. Today Mbanq is one of the fastest-growing FinTechs in the world, serving banks, credit unions, and financial institutions of all sizes, across the USA, Europe, and Asia.

“We offer for our customers to be compliant at any given time”, concluded Lars Rottweiler on the Dinis Guarda YouTube Podcast.

About citiesabc.com
https://www.citiesabc.com/​​​​​​​​​​​
https://twitter.com/citiesabc__​​​​​​

About openbusinesscouncil.org
https://www.openbusinesscouncil.org/

4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)

Dinis Guarda citiesabc openbusinesscouncil Series is also available as podcast on

Apple Podcasts: https://podcasts.apple.com/us/podcast/dinis-guarda-citiesabc-openbusinesscouncil-series/id1510330391

On Spotify: https://open.spotify.com/show/1vA8KaDaRpJ0mAfpNbfTSF?si=H_WngL4RSOyu1W7VAmM41w&dl_branch=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMDMyMzg4LnJzcw==

Amazon Music: https://music.amazon.com/podcasts/953a5156-823c-4e86-baeb-4fda1128e44c/DINIS-GUARDA-CITIESABC-OPENBUSINESSCOUNCIL-SERIES

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Lars Rottweiler, Mbanq Founder, Explains BaaS, Digital Banking And Fintech at Dinis Guarda YouTube Podcast appeared first on OpenBusinessCouncil Directory.

Life was perfectly normal when employees rushed to their workplace to finish their daily goals and targets. The office spaces held immense opportunities to socialise and learn. Everyone was comfortable with this lifestyle.

And then… the pandemic happened, baffling almost every framework (and system) that the society had created in the past few centuries. The world suddenly was coerced to go remote and work.

What was a mere obligation at the beginning, gradually began a common sentiment that the acclimatising society caught up. This adaptation and the recuperation of the world from pandemic gave birth to a new way of work, the hybrid model.

In a hybrid setup, the workforce is distributed, constituted by those who work flexibly. In other words, the employees have the choice to work from an office, remotely or both. Statistically speaking, the world has embraced this model quite humbly. The productivity of a remote worker, on average, increases by 40% more than the one working onsite. Experts suggest that while it leverages the employees to experience the freedom to explore and innovate, it facilitates a trusted relationship between the management and the employees.

This means an increasing number of businesses are willing to test the waters. For those who have their teams constituted by globally distributed demographics, this is an innovative way to stay connected to showcase their productivity. What’s more? The businesses are experiencing increased efficiencies with reduced running and maintenance costs.

The question then arises: How can this model be enabled to unleash better productivity while ensuring a healthier workforce, and an efficient management system within an organisation?

“Over the past year, no area has undergone more rapid transformation than the way we work. Employee expectations are changing, and we will need to define productivity much more broadly — inclusive of collaboration, learning, and well-being to drive career advancement for every worker, including frontline and knowledge workers, as well as for new graduates and those who are in the workforce today. All this needs to be done with flexibility in when, where, and how people work.”, Satya Nadella, CEO of Microsoft

That said, the key features that shape the future of the hybrid work model are- building an inclusive culture, appreciating the flexibility, and creating an energised sphere to ensure the overall wellbeing of the employees.

An imperative inclusion

An improved corporate culture that fosters a sense of belonging for everyone aids in embracing the diversity that is an essential part of the team. This also facilitates a clear communication channel, while ensuring a meaningful contribution to the growth of the business.

The key element, here, is to create a multi-channel pathway that focuses on the growth of the employees. Though a hybrid model is yet to be practiced quite at large to be able to find the right balance of working from home and from the office, it encourages newer ways of collaboration.

Flexible working conditions

According to a report by Accenture, 40% of workers felt they could be healthy and effective whether they were onsite or remote. Productivity and health, the report states, are correlation factors of the availability of enough resources at individual and organisational levels. These nurture the employee by eliminating the challenges pertaining to work.

Wellness, learning, and collaboration are the three dimensions of defining flexibility. Experimenting constantly to modify the conventional conditions is the only way to find the correct equilibrium for hybrid work culture. Tailoring parameters like working hours (from home and office space), investment in technological infrastructure, refurbishing the workspace (to accommodate the new conditions), supporting learning and upskilling opportunities, and many others could reap even larger benefits than anticipated. In today’s work-from-anywhere business environment, it is timely to invest in calibration management tools that untether your employees and let them manage gage data anywhere and at any time.

Re-energising work with wellness

Remote work, in collaboration with global lockdown, took a heavy toll on the energy levels and well-being of employees around the world, especially for the freshers.

Engagement protocols and policies need to be put to order that strike an appropriate balance with the unplugged hours (that provide a refreshing and quality downtime). Leadership at the organisations are responsible to ensure this equilibrium, by setting examples and nurturing a culture of holistic wellbeing within the work teams.

A sustainable recipe for a thriving work model

Though inevitable, change is never easy. A hybrid model is a certainty of our future work culture. Such transformations do need time, a huge collective effort, and an unmeasurable technological advancement. It would require the world to constantly unlearn and then re-learn new approaches and techniques to keep abreast with the transitions. Keeping the people at its core, a business can accomplish itself with policies and planning. The complete recipe for sustainable growth for businesses, sure it is.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Productivity And Wellbeing Of Employees: Hybrid Work Promises A Holistic Growth For Businesses In Future appeared first on OpenBusinessCouncil Directory.

Sundeep Reddy Mallu pursued Electrical Engineering at the undergraduate level and began his journey by selling seeds to the farmers in his native place. Grasping the basics from his early years, he postgraduate in management and business administration with Marketing and IT as his majors. He gives credit to this stellar journey that made him adept with Data Science skills and being able to deliver business values to Fortune 100 clients globally.

Sundeep is currently serving as SVP Analytics at Gramener to advise executives on aligning their data science strategy with business vision. He is also responsible for building teams to apply analytics and data visualisation, while also helping businesses adopt a data-driven culture. His keen interest in the application of Data Science and Machine Learning in ESG makes him believe that the action of humanity in the next decade would be critical.

“It’s no longer within 1.5ºC of temperature rise. It’s the case of how far are we overshooting it. This means ESG, as an overall ecosystem is gaining traction. This is evident in the number of companies who are making public commitments to carbon-neutral initiatives. This means that the climate effects are slowly starting to show up in the company top lines and bottom lines.”, he indicates.

More Interviews

James Zhang, CEO The Concept Art House – Games, Art And NFTs

Adam Hollander, Serial Entrepreneur, Pack Leader at Hungry Wolves – NFT, Gamification

Interview with Rishi Kapoor, Founder & CEO of paus.tv – The Revolutionary Streaming Platform For Independent Creators

Interview Kireet Khurana, Filmmaker & Creator Of Animation Film “Toonpur Ka Superhero” – Homelessness In India: The “Invisible Visible”

Pedro Gadanho – Architecture, Arts, Cities & Society – Former MoMA & MAAT Curator, Architect

Susan Oh, Future of AI, Blockchain; Blockchain For Impact Global Summit @ UN HQ, Top 10 Frontier Women in Digital

Hilton asked Sundeep about the drivers that helped him apply his skills to agriculture in India. He fondly replies that though India is a country with its own share of challenges, he has been able to provide leverage by introducing simple yet effective technological concepts to farming.

While citing the exemplary work he has done in the country, Sundeep adds, “The kind of solutions that we could bring into the Indian context was way different from the ones in the US, particularly due to the huge difference in the percentage of population dependent on farming as their primary source of income. Therefore, while the AI and ML applications have been in practice for a very long time in the US, India is still experimenting with tailor-made solutions. With startups budding up in the country, there seems to be a whole lot of optimal progress being made here”. 

On this note, Hilton was interested to know what prompted Sundeep to join Gramener. In the words of Sundeep, “The vision of Gramener is about the public impact. While the organisation is a commercial entity, the underlying goal that the founder’s support is the impact it makes on society. The intent is to take the help of data to narrate inside stories to create action so that impossibilities can come to life. Gramener focuses on custom solution-building in pharmaceutical and life sciences, logistics, and ESG.”

He further adds, “Given that our ESG solutions span not just across climate or agritech alone, it’s the fusion of these multiple problems that interlap with each other. And we, being at a position, where we can understand the science part of it the climate standpoint, understanding the solution point of it from a technology standpoint, we are fortunate that we are able to play a small role in this big picture of assisting in the ESG space to our clients.”

On being asked by Hilton about how data is managed, Sundeep tells him that to reduce the noise and create relevant data, technology helps them connect to various data sources. They are also able to aggregate the data, and standardise the data cleaning access and data quality checks, thus reducing the manual effort.

Sundeep told Hilton that three basic ways to maintain data ethics at Gramener involve the collection of only the required data, maintaining standards even while procuring the data from the third party, and aligning the policies while complying with industry regulations.

Explaining the challenges while providing solutions that meet ESG goals, Sundeep says, “The popular culture, folklore, is for companies like big companies consuming every data that they can collate and use it. They have the means and resources to spend on these. When it comes to the ESG space, you already have a limited monetary means that you have. That is a space where we invest a lot of time to optimize that stretch the dollar to the longest possible impact. And getting the data right is a big step in how much you invest. Because each of these solutions has to be maintained in a longer haul. It’s n0t that you built that and it’s done. These are the systems that have to survive and fight any of the windows. Unlike other engagements, ESG engagements don’t give you results in a quarter, they have their long tail where they play and out and they generate value, which means every system that you build has to withstand the test of the time. And that’s where creating a long pull- the total cost of ownership of a solution goes a long way. And hence, starting with data is key”. 

Concluding the interview that promises to enlighten the audiences with its deeper impact and awareness about the challenges in creating a sphere of intersection between technological advancements (AI, Data Sciences, and ML) with ESG, Hilton asks Sundeep to give his views on the future that lies here. “The hunger for data is constant. What we will see increasingly happen in my view is that the access to data would become uniform. The differentiation would not be a lot more different. How data gets put to use for digital making is what will go into a drastic change”, he shares.

About citiesabc.com
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https://twitter.com/citiesabc__​​​​​​

About openbusinesscouncil.org
https://www.openbusinesscouncil.org/

4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)

Dinis Guarda citiesabc openbusinesscouncil Series is also available as podcast on

Apple Podcasts: https://podcasts.apple.com/us/podcast/dinis-guarda-citiesabc-openbusinesscouncil-series/id1510330391

On Spotify: https://open.spotify.com/show/1vA8KaDaRpJ0mAfpNbfTSF?si=H_WngL4RSOyu1W7VAmM41w&dl_branch=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMDMyMzg4LnJzcw==

Amazon Music: https://music.amazon.com/podcasts/953a5156-823c-4e86-baeb-4fda1128e44c/DINIS-GUARDA-CITIESABC-OPENBUSINESSCOUNCIL-SERIES

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post citiesabc Podcast: Hilton Supra With Sundeep Reddy Mallu On Sustainable Application Of Data For Business appeared first on OpenBusinessCouncil Directory.

A thought leader and a preeminent authority, Professor Lisa Short has led multiple frontiers in digital technology systems, design thinking, education, and removing disparities. On the latest episode of citiesabc’s podcast with Dinis Guarda, Prof. Short shares some inspiring insights of her journey through business and technology and spreading empowerment across the globe.

Professor Short began her career with a small business, after her early education in accounting and financial management. This initial venture helped her understand the importance of building relationships and establishing an ecosystem for a business to thrive. Over the course of her entire career of 35 years, Prof. Short has been able to bring a transformational change using powerful technologies like blockchain, cryptocurrencies, AI, and IoT.

“Technology is not about technology, it’s about making the lives of people better, businesses better, more profitable, better jobs, and better, healthier, and more productive people”, she tells Dinis.

She was granted her professorship from the University of South Africa, for her years of dedication and hard work in bridging education, technology, and business. She explains to Dinis that it is her driving passion for technology, and establishing its relevance in business and other fields. She states, “I’m a rogue academic, really, that likes to drag an academic world that is sitting 30-50 years behind the rest of the development of the world and drag it to the table of innovation, and get them to connect with industry”. She is currently associated with the Global Market Acceleration program by La Trobe University in Melbourne, where she is the Adjunct Professor. This industry-led program intends to bring together industry experts worldwide, and facilitate the acceleration of businesses to the international markets.

More Interviews

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Adam Hollander, Serial Entrepreneur, Pack Leader at Hungry Wolves – NFT, Gamification

Interview with Rishi Kapoor, Founder & CEO of paus.tv – The Revolutionary Streaming Platform For Independent Creators

Interview Kireet Khurana, Filmmaker & Creator Of Animation Film “Toonpur Ka Superhero” – Homelessness In India: The “Invisible Visible”

Pedro Gadanho – Architecture, Arts, Cities & Society – Former MoMA & MAAT Curator, Architect

Susan Oh, Future of AI, Blockchain; Blockchain For Impact Global Summit @ UN HQ, Top 10 Frontier Women in Digital

Halfway through the interview, both experts reached a tipping point when Dinis asked her about her work in Africa and in EdTech, and how she took technology as leverage and made impactful moves in various fields.

“I’m called a design ecosystem thinker. I look at the touchpoints, look to see the weaknesses, and look to see how we can improve those connections. That’s where I see myself as sitting between these two worlds of frontier technologies and businesses.”

With podcast as the medium, she pointedly drew attention to the inconsistencies and disparities amongst the systems around the world. Social, economic, and gender-based inequalities that exist worldwide are her areas of concern that can use technology to bring awareness and sustainability.

Being part of some of the outstanding projects like Social Impact Exchange, Prof. Short has utilised her acumen to benchmark some of the most remarkable principles in making a social impact.  “Work in the humanitarian space is really the driver for me because this is about people, and how we can empower them so that everybody has something- access to resources, to live in a safe environment, etc.”. Prof. Short is applying similar principles while working for the Ukraine Development Impact Bond.

Giving examples of her work for African women in agriculture, she explains that technology can empower women and businesses to achieve some of the most unimagined heights of growth and prosperity. It is her firm belief that it is high time that the technologies that are meant to benefit all must be accessible to all. She emphasises, “We are in such a rapid rate of change now, we are talking about smart cities. It’s so critical at this point that we have level playing fields of conversation. It’s not just about ROI, this is about a world moving forward”.  

Dinis was appalled when Prof. Short revealed the disturbing statistics about gender bias in business and entrepreneurship. She emphasised that much of the resources could be redirected by shunning the biases for making a thriving ecosystem for all.

However, she is optimistic about the current situation and spreads a very positive light on the grim situation, “I don’t say we can’t make a change, we can. But, we have to be honest about what we see. We’ve been talking about Smart Cities, it’s a social contract. It’s not about the technologies, because technologies haven’t created that inequity, we have, people have. We can use these technologies to empower us”.

About citiesabc.com
https://www.citiesabc.com/​​​​​​​​​​​
https://twitter.com/citiesabc__​​​​​​

About openbusinesscouncil.org
https://www.openbusinesscouncil.org/

4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)

Dinis Guarda citiesabc openbusinesscouncil Series is also available as podcast on

Apple Podcasts: https://podcasts.apple.com/us/podcast/dinis-guarda-citiesabc-openbusinesscouncil-series/id1510330391

On Spotify: https://open.spotify.com/show/1vA8KaDaRpJ0mAfpNbfTSF?si=H_WngL4RSOyu1W7VAmM41w&dl_branch=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMDMyMzg4LnJzcw==

Amazon Music: https://music.amazon.com/podcasts/953a5156-823c-4e86-baeb-4fda1128e44c/DINIS-GUARDA-CITIESABC-OPENBUSINESSCOUNCIL-SERIES

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Professor Lisa Short with Dinis Guarda at Citiesabc Podcast on Technology, Business, and Disparities appeared first on OpenBusinessCouncil Directory.

Tokenization is the process of replacing sensitive data with unique identification symbols that preserve all the essential information about the data without threatening its security. City tokenization is a process where some forms of assets are converted into a token that can be moved, stored, or recorded on a blockchain. This might sound complex but tokenization is turning a meaningful piece of data, such as an account number, into a random string of characters called a token that has no meaningful value if breached. Tokenization, minimize the amount of data that a business need. It has become a popular way to reinforce the security of credit card and e-commerce transactions, for small and medium businesses. At the same time, it minimizes the cost and complexity of compliance with industry standards and government regulations. Tokens act as the reference to the original data, but cannot be used to estimate those values. Because, unlike encryption, tokenization does not use a mathematical process to transform the sensitive information into the token. There is no key, or algorithm, to use to derive the original data for a token. Instead, tokenization uses a database, called a token vault, which stores the relationship between the sensitive value and the token. The real data in the vault is secured, often via encryption. Smart cities tokenization substitutes sensitive information with equivalent no sensitive information. Token – Smart City Solutions helps Making Smart Cities Smarter

Making Smart Cities Smarter

In smart cities tokenization the token value can be used in various applications as a substitute for the real data. When the real data needs to be retrieved, the token is submitted to the vault and the index is used to fetch the real value for use in the authorization process. For the end user, this operation is integrated by the browser or application nearly instantaneously. The advantage of tokens in city tokenization is that there is no mathematical relationship to the real data they represent. Tokenization technology can be used with sensitive data of all kinds, such as bank transactions, medical records, criminal records, loan applications, stock trading and voter registration. To make token more useful, some considerations can also be given to the design of it. For example, the last four digits of a payment card number can be preserved in the token so that the tokenized number can be printed on the customer’s receipt so they can see a reference to their actual credit card number. The printed characters might be all asterisks plus those last four digits. Because of the security purposes in this case, the customer only has a token, not a real card number.

Token – Smart City Solutions

The concept of Token – Smart City Solutions in the payment card industry, tokenization is one means of protecting sensitive card data to fulfill with industry standards and government regulations. For making smart cities smarter tokenization is used to protect credit card data, bank account information and other sensitive data. Payment processing use cases that tokenize sensitive credit card information, including mobile wallets like Android Pay and Apple Pay, e-commerce sites, and businesses that keep a customer’s card on file. How smart cities tokenization works? Tokens are created in several ways like using a mathematically reversible cryptographic function with a key, using a nonreversible function such as a hash function, and using an index function or randomly generated number. To making smart cities smarter the token becomes the exposed information; so, the sensitive information that the token stands in for, is stored safely in a centralized server known as a token vault. The token vault is the only place where the original information can be mapped back to its corresponding token. So far it is cleared that tokenization works by replacing the valuable data from your environment with tokens. In any business there are at least some sensitive data about different subjects including credit card data, medical information, social security numbers, or anything else that requires security and protection.

City tokenization ; What are tokenized stocks?

In smart cities tokenization tokenized stocks are digital representations of shares in publicly traded firms like Tesla, Apple, and Facebook. The value of these digital tokens is based on the value of the basic asset. But how does tokenized stocks work? Tokenized stocks are similar to standard shares purchased in a listed company, except that tokenized shares are in the form of digital tokens. In different trading platforms, some tokenized stocks are backed by the underlying traditional equities and redeemable, and others simply track the prices of the equities. Tokenized stocks can be purchased with cryptocurrencies on supported trading platforms, allowing you to invest and build wealth in the stock market without any barriers to entry. Making smart cities smarter is to improve people’s lives in areas as policy efficiency, social and economic quality, and maximizing the social inclusion of their inhabitants. Token – Smart City Solutions help cities to provide better services. City tokenization increases government efficiency and help them to tackle major challenges. The ultimate goal of city tokenization is creating a more livable, sustainable and prosperous city or community.

Smart cities tokenization

The goal of the smart cities is to promote basic infrastructure and offer a dignified quality of life to its inhabitants, a sophisticated security system, a clean and sustainable environment and the application of intelligent solutions that improve the operation and efficiency of the city. Tokenization in blockchain refers to the issuance of a blockchain token, also known as a security or asset token. Blockchain tokens are digital representations of real-world assets. When a real-world asset is represented digitally as cryptocurrency, it is actually tokenized. Some of the most common smart city projects for making smart cities smarter include smart lighting, smart transportation systems, and smart utility metering for electricity and water. Tokenization has existed since the beginning of early currency systems, in which coin tokens have long been used as a replacement for actual coins and banknotes. The concept of tokenization is the same as in digital tokenization to act as a surrogate for a more valuable asset.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post The Future Of Cities: The Rise Of Tokenization appeared first on OpenBusinessCouncil Directory.

The Digital Revolution timeline refers to the shift from mechanical devices and analogue electronic technology to digital electronics as a means of storing, transferring and utilizing information. This era started during the 1980s and is ongoing. The Digital Revolution is called the beginning of the Information Era. This is the starting point of what we refer to as the digital revolution which began in the second half of the 20th century. Digital revolution example is the adoption and increase of digital computers and digital storage of information. Digital revolution impact has led to the development of more advanced computer systems. Digital Revolution inventions begin with the invention of the Internet and the rise of home computers. It is sometimes called the Third Industrial Revolution. But why has it become a revolution? The characteristic of digital technology is continually changing; it is progressively branching out and boosting productivity across a wide range of sectors and industries. Different events have led to the broad adoption of digital technologies which have changed forever the way we exchange and use information.

Digital revolution timeline

The invention of the revolutionary transistor in 1947 can be considered the beginning of the digital revolution timeline. The transistor, which was introduced in 1947, launched the way for the development of advanced digital computers. The government and various other organizations used computer systems during the 1950s and 1960s. Eventually, the World Wide Web was created. In the 1980s the computer became a familiar machine and gradually by the end of the decade, the ability to use computers became a necessity for many jobs. The way continued and by the late 1990s, the Internet became a normal part of most businesses and a part of everyday life for almost half of the American population. Digital Revolution inventions have caused in the decade 2000s that mobile phones were commonly used. In this decade the number of Internet users increased, furthermore, the television started to transition from using analog to digital signals. Digital revolution impact in the 2010s and beyond led to widespread use of the Internet. As a digital revolution example, mobile communication became very important, as nearly 70 percent of the world’s population owns a mobile phone. The connection between Internet websites and mobile gadgets has become a standard in communication. The innovation of tablet computers made it very easier to use the internet is everywhere. This allowed users to consume media and use business applications on their mobile devices, anytime they need.

Digital revolution inventions

Digital Revolution inventions started with the invention of the revolutionary transistor in 1947. The subsequent technological advancements made computer system components have been produced more energy-efficient and less costly. This digital revolution impact led to the development of computers with more complex processing circuits and storage memory able to hold both the program being run and the data it was working on. The Internet as a digital revolution example has changed many aspects of human life. Digital revolution timeline shows that by the 1950s and 1960s, many governments, militaries and other organizations were already using computers to manage complex data and functions. Simultaneously scientists began to consider time-sharing between computer users and the possibility of achieving this over wide area networks. When a message was sent over the ARPANET (which is short for Advanced Research Projects Agency Network) in 1969, the public was introduced to the concepts which led to the internet. In this way, the first computers were connected, and further software development enabled remote login, file transfer, new ways of communication and email.

Digital revolution impact

The digital revolution impact is the most significant event in information release and definitely had a huge effect on human communication. Another development in digital data technology was a compression technique called discrete cosine transform. It became a fundamental item to the digital revolution later, as the basis for most digital media compression standards from the late 1980s onwards, including different digital image formats, video coding formats, audio compression standards and digital television standards. Digital revolution timeline shows that improved performance and reduced costs due to the use of technology led to a wide acceptance and adoption of digital technologies. Shortly afterwards these technologies and digital revolution inventions made their way into a wide variety of equipment and consumer goods. Digital revolution example in the 1980s, shows the popularity of digital devices, with automated teller machines (ATMs), industrial robots, electronic music, video games and computer-generated images in the movie industry, all making their way into daily life. Little by little millions of people purchased home computers, and the first mobile phone was made in 1983; although digital cell phones were not sold commercially until 1991. The first digital camera was created in 1988.

Digital revolution example

Another turning point for the digital revolution timeline was the invention of what became the World Wide Web, starting in 1989. Tim Berners-Lee designed a standard set of rules for communication between systems. This was followed by setting up a server to store information and creating browser software. That was a program that helped to interact with various types of internet resources. With these elements in place, the World Wide Web as one of the digital revolution inventions became publicly accessible. Improvements to the web were a digital revolution impact that made it increasingly simple to use, and this, in turn, brought more users onto the internet. First companies and then individuals realized the potential to expand the capabilities of computers and other digital devices when connecting to the internet. From then on, the internet expanded quickly, and by 1996 it was part of mass culture and many businesses had websites. Across the globe, the pace of digital transformation is accelerating. The private sector continues to invest in disruptive technologies to get ahead of the competition. They adapt their business models to meet ever-increasing customer expectations.

A global phenomenon

Throughout the 1990s, countries of the developed world began to experience an economic boom. This was largely due to the success of the companies using digital technologies and to the advancements in transmission technologies, including computer networking, the internet and digital broadcasting. In the digital revolution timeline, 1999 was very important, because by then almost every country had an internet connection. That was the time when the digital revolution impact became global, with digital technologies spreading to the developing world in the 2000s. By late 2005, digital revolution inventions led the number of internet users to reach one billion, and by the end of this decade, three billion people worldwide used cell phones. Today More and more individuals are using the digital revolution example, the internet. Internet is used for a wide range of purposes: to communicate, interact with other users and organizations, access, use or make available information, or simply for entertainment. These new technologies allowed users to share resources and apply the principle of economy of scale.

The digitally literate society

Digital revolution timeline, as technology became more user-orientated and user-friendly, is experiencing new courses. Individuals nowadays became more digitally literate at all levels. They have started using technology in new ways and in an ever-increasing number of areas of their lives. Because of the digital revolution inventions by 2020, more than half of the world’s population actively used the internet. Digital revolution example has a wide range from social media to online shopping, from web applications allowing remote working to on-demand entertainment services, etc. Digital revolution impact on these systems has largely reshaped the functioning of everyday life. These systems provide new ways of maximizing the effectiveness of shared resources and building reliable solutions for individual users. These systems have been designed to facilitate multiple aspects of our lives. Furthermore, now users can start to have an active role in creating technology. These developments have led to a huge amount of in the digital space and, in parallel, the ability to store it has also grown exponentially, leading today’s society to the middle of the information age. Digital technologies are fundamentally changing how people and businesses work together.

The Internet and home computers

In Digital revolution timeline digital computers have changed the way the world we live in. Digital revolution inventions are for human comfort. The tendency of humans has always been toward making life easier. The Industrial Revolution create a new era, with abundant mechanization. Manufacturing, transport, utilities, etc. Mechanization had taken over many of the tasks previously involved in human intervention. Among different industries, the textile industry was much demanding cheaper labour; this would accelerate the mechanization process. A similar advancement of the need had taken place in the early 1900s, in the field of computing and mathematical calculators. This paved way for the digital revolution impact. Today, information activities constitute a large, new economic part that represents the basis for the next stage in the digital revolution example with the emergence of new technologies. Just like the Industrial Revolution which was encouraged by necessities in manufacturing and commerce, the digital revolution inventions appeared by a need for new devices and new ways of communication. The pace of changes in technologies continues to blur the boundaries of the physical and digital worlds. It is redefining traditional industry sectors and the way we live and work. These emerging technologies, growing amounts of data and smarter ways of getting insights are changing the way people’s lives, and businesses and governments way of interact.

Next-Generation Technologies

Digital technology will form the backbone of next-generation technologies and digital revolution inventions. In the digital revolution timeline, as digital connectivity extends to transport systems, it can lead to more equitable, efficient, and safer mobility. This suggests opportunities for countries to reshape the way people, goods, and services travel. Digital revolution impact with new technology, and hyper-connectivity of devices, enables technology-led efficiency gains of transport systems and beyond. Positive global trends over the past decade include improvement in logistics performance and fuel economy, both of which contribute to reducing the aggregate cost of goods, as well as fossil fuel energy consumption. The biggest impact of the digital revolution on low- and middle-income countries, however, will likely be through new manufacturing process technologies that affect the production of traditional manufactured goods.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post A Story About the Digital Revolution appeared first on OpenBusinessCouncil Directory.

Change is a powerful feature. It reshapes global business and society (as a whole). As the emerging technologies turn human-centric in their nature, financial services are also facing a breakthrough in their conventional mechanisms. This is pivotal in its evolution into a more sustainable and inclusive industry altogether. This evolved version promises to restore public trust, with almost no trade-offs between yielding profits and ensuring positive social impact.

The financial services are undergoing disruptive innovation due to key driving factors- evolving customer expectations, rapidly advancing technologies, and changing landscape of regulatory grounds. Fintech innovations like cryptocurrencies, Big Data, and peer-to-peer lending are grabbing the attention and imagination of investors and customers.

Creating the Future: a Hacker’s Guide to Financial Services is a comprehensive report powered by Finastra FusionFabric.Cloud, where over 50 contributors have shared over a hundred predictions on the financial future. The report by Fintech Talents (by VC Innovations Ltd.) creates a relevant narrative, depicting some of the intriguing insights over what trends are going to redefine the future of our existing financial and banking system.

Path-breaking solutions to carve out better financial systems

ESG (Environment, Social, and Governance) for a sustainable finance

Over the past few years, the ESG criterion is a popular key metric that investors use to evaluate businesses. The parameters that decide the ESG criteria differ as per the industry standards. The environmental criteria could include everything from energy usage to how waste is disposed of, and even the treatment of animals.

On the other hand, the social criteria are primarily related to a company’s conduct with its stakeholders and its business relationships. This includes its treatment of the suppliers, the relationship with the surrounding community and the social impact it makes on them, or even the conditions of its employees.

Governance criteria, however, have traditionally been an afterthought. Nevertheless, its true meaning is changing, being relatively pertaining to environmental and social issues. Everything from executive pay to shareholder rights, or internal controls- are all relevant to investors within this criterion.

Contributors to Fintech- investors, consumers, and incumbents believe that the industry plays a central role in finding unique solutions to the challenges posed by ESG. The EU Sustainable Finance Disclosure Regulations were introduced in March of last year. This was followed by a roadmap published by the Treasury in the month of October that outlined new Sustainability Disclosure Requirements.

This is to continue with the development of the frameworks for appropriate regulation and reporting of ESG in financial services. Gartner reported that 85% of investors considered ESG factors in their investments in 2020. This illustrates the rapidly growing importance investors place on ESG issues.

While sharing his concern about the inadequate upgradation measures, Dinis Guarda, founder of intelligenthq, citiesabc, and openbusinesscouncil says for the report by Fintech Talents, “According to an estimate by OECD and World Bank, an investment of 6.9 trillion will be required by 2030 to meet the ESG targets for climate and development. The current spending on infrastructure is no more than USD 3.4 – 4.4 trillion, lagging significantly behind what is required”.  

The year 2022, for Mohamed Moullouze, Chief Innovation Officer at Attijariwafa Bank, will be the year for FS firms to make a progressive effort in bringing ESG products and services within the market. From green loans and mortgages to carbon tracking capabilities, and sustainable account checking- the innovative financial features are much awaited in the markets.

Embedded Finance ensures Bank as a Service (BaaS) experience for the consumer

Embedded finance is a seamless integration of financial services into a platform that has been functioning non-financial traditionally. For example, a ride-hailing app (like Uber) can accept cashless payments being made by its users on its digital platforms like apps and websites.

Adding the FS feature to business, retail, and corporate customers to a point where they would prefer the consumption of services is BaaS. This makes it convenient for the customers to access these services even at third-party interfaces. Now, to remain relevant, the banks must adapt to this evolving trend by collaborating with service providers, distributors, and enablers. To meet the scalability targets, an open API platform-based approach could be implemented.

Almost every vertical of the finance ecosystem has been impacted by embedded financing. From offering insurance for home appliances at the point of purchase to buying parking through Google Maps- everything is possible with the ingression of embedded finance.

Today, there is virtually no part of the finance ecosystem that hasn’t been impacted by embedded finance. Everything from offering insurance at the point of purchase for home appliances to purchasing street parking through apps like Google Maps has been made possible due to the spread of embedded finance in everyday experiences.

Big players like JP Morgan (who is using some of its $12bn of its tech budget over the next year for developing embedded finance), Goldman Sachs (announcing its own BaaS portal for developers), and Barclays (launched Rise Start-Up Academy for fintech entrepreneurs) are coming up with innovative ways to make the most of the upcoming trend.

“I think more specialisation per underserved industries will see new embedded finance collaboration occur in 2022. Aside from just payments and investments, I think the next evolution ventures into the area of royalties and affiliate compensation solutions that leverage the same concepts for creators” Australia Hoover, III, CEO, CDC Federal credit union.

Open banking and embedded finance, combined, could open up numerous gates for an inclusive ecosystem. This means the lenders and borrowers from all financial backgrounds could be allowed to participate equally on common grounds. With an increasing number of use cases for embedded banking, every business can potentially become a Fintech that provides more frictionless and personalised services.

Decentralised Finance (DeFi)

DeFi is the umbrella term for all blockchain-based financial apps. These apps offer (and perform) conventional banking services over a platform that is mostly based on smart contracts. These smart contracts negate the involvement of any middleman or broker for the culmination of financial transactions.

“Decentralisation is the term of the day – everyone is speaking about it,” says Dinis Guarda, Founder of intelligenthq, citiesabc, and openbusinesscouncil. “DeFi is not just a trend; it is clear that an average person is tired of centralised money supply control; the unprecedented growth of Bitcoin and other cryptocurrencies proves that.”

It is his belief that the advent of a new financial era with the rising DeFi and Web 3.0 trends offers new avenues for the diverse user base to engage interactively with finance. Speaking specifically in the context, Guarda adds “The current financial system is not working for everyone, it is clear. The communities that have been unable to build generational wealth are looking for a meaningful alternative”, for the report by Fintech Talents.

There have been significant barriers to entry with conventional financial systems. Traditional financial institutions consensually required complex infrastructure, well-trained staff, and intricate IT backend systems to ensure regulatory obligations. DeFi simplifies this system overall. Users can engage themselves in frictionless transactions- borrowing, lending, insurance, liquidity, and compound- all on one platform. DeFi is evolving as the innovation advances, though, there are still many challenges that DeFi will need to address.

Platformification

The accelerated digitalisation of products, services, and processes has altered the traction banks followed for over years. The pandemic itself was enough to project the loss of agility in the traditional banking system.

The API-enabled fintech ecosystem dramatically changed the outlook of financial services. This clearly depicts that a platform provides the required flexibility and innovation while imparting the simplicity of transactions in a most cost-effective manner.

Platformification enables financial institutions to offer a wider range of products and services to their customers using a plug-and-play business model. Collaboration and innovation are at the heart of a successful platformification plan. With a product mix, the traditional financial institutions can benefit from the innovations and embrace APIs. As easy as it is said, achieving these goals could be quite challenging for these institutions.

As more and more customers are getting accustomed to taking advantage of countless services at their fingertips, accessing a wide array of financial tools at a single platform is a preferred mode. This is why despite established brand names, banks operating in traditional ways are unable to support the features that users expect.

“The Banking as a Platform model allows FIs to securely expose their platforms to fintech and developers in the cloud via open APIs. Trusted third parties can access and build on top of existing FSI platforms and FIs can augment their services with third-party offerings and make these new services available to customers through their Super Apps or channels. It’s all about becoming part of their customers’ lifestyle rather than simply being a banking app”, says Özkan Erener, CEO of VeriPark.

Platformification establishes an ecosystem that offers the right products for the clients on a single platform like WeChat. This ensures retention and resilience amongst the customers even in an increasingly competitive environment. Specialised services that particularly target the niche audience create fintech sub-sectors like wealthtech and insurtech that could leverage the financial services for a better future.

Financial services are evolving for a sustainable future

The community of innovators is quirky to be able to see what is coming for the future, not just what is happening now and here. They are able to capture and predict the impact new services and products will make on the evolving needs of the customer. What the stakeholders’ demand is more transparency and accountability from FIs. This requires improved financial performance while meeting regulatory compliance. Nevertheless, the most important attribute for a successful financial process is the ability to articulate the unique culture of the society and amalgamate it with the evolving trends.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

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