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How Blockchain can Change the World

After it happened in 2008, the technology behind the most infamous crypto coins in the world, Bitcoin, has held the front with special attention to startups and the financial services sector. However, recent attention has been paid, as companies gradually realized that it could be valuable for many other issues, in addition to keeping track of payments.

Simply put, a blockchain is a distributed ledger that sort transactions in blocks. Each block is linked to those used for advanced math, all the way back to the first transaction. Subscriptions are permanent, transparent and searchable, allowing community members to view transaction history as a whole. Each update creates a new \\\\\\\\ block \\\\\\\\ added to the end of the \\\\\\\\ chain \\\\\\\\ – a structure that makes it difficult for someone to modify records later. The ledger makes it possible to include and share information between large groups of unrelated companies and all members must validate all updates collectively – that is in everyone’s interests.

To date, much attention has been paid to financial applications for technology. However, an equally promising test case lies with global supply chain relationships, whose complexity and diversity of interests are exactly the challenges that this technology wants to address.

A simple application of the block chain paradigm in the supply chain may be to register the transfer of goods in the ledger since transactions would identify the parties involved, as well as the price, date, location, quality and condition of the product and other information that would relevant to the management of the supply chain. The cryptography-based and unchangeable nature of the transactions would make it almost impossible to endanger the ledger.

Now a large number of startups and companies implement blockchain to re-invent their global supply chain and run their businesses more efficiently:

1. For Maersk, the world’s largest shipping company, the challenge does not follow the well-known rectangular containers that ship the world on board freight ships. Instead, it is the mountains of paperwork that are associated with each container. A single container can distribute more than 200 batches and approvals of up to 30 parties, including customs, tax officials and health authorities. While containers can be loaded onto a ship in a few minutes, a few days can be held in the port because there is a piece of paper missing while the goods are flushing. The cost of moving and maintaining all these paperwork often reflects the cost of physically moving the container around the world. The system is also full of fraud, because the valuable bill of lading can be minimized or copied, allowing criminals to drop their goods every year or distort falsified products, causing annual billions of dollars in maritime fraud.

In the past summer, Maersk sought cooperation between customs authorities, carriers and manufacturers filling the containers. It began with the first trials of a new digital shipping book with these partners, for the shipping routes between Rotterdam and Newark. After the document has been issued, the customs authorities can immediately copy a digital signature so that all concerned, including Maersk himself and other government agencies, can see that it is complete. If there were conflicts later, anyone could return to the record and are convinced that no one has changedIn the meantime, the cryptography in question also makes it difficult to fade virtual signatures.

The second test visited all the paperwork related to a container of flowers moving from the port of Mombasa, Kenya, to Rotterdam, in the Netherlands. When both tests were good, Maersk followed the containers with pineapple from Colombia and Mandarin Orange from California.

2. Most traders, Wal-Mart, strive to recognize and remove food that needs to be recalled. When a customer becomes ill, it may take weeks to identify the product, the shipment and the seller. To remedy this, it announced last year that it will use the blockchain to include the origin of product critical data from a single voucher, including suppliers, and to record how and where the food was bred and who inspected . The database extends information from the pallet to the individual package.

This allows you to find out where a damaged product originates from a few minutes to days, as well as other important features to make an informed decision about the food flow.

Wal-Mart has already run two experimental programs – moving Chinese pigs to Chinese stores, which produce Latin America to the United States – and is now convinced that a finished version can be prepared in a few years.

3. BHP is dependent on suppliers in almost every phase of the mining process involving geologists and shipping companies in collecting samples and conducting analyzes that carry out business decisions involving multiple parties across continents. These sellers usually keep track of rock and fluid samples and analyzes with emails and spreadsheets. A lost file can cause major and expensive headaches, as the monsters help the company decide where to drill new drilling.

BHP’s solution, which started this year, uses blockchain to record wells and fluid samples and better protect the real-time data generated during delivery. Decentralized storage of files, multiple data collection and unchangeability, as well as direct accessibility, are all aspects that will improve the supply chain.

BHP now obliges its suppliers to use an app to collect live data – with a dashboard and options on what to do that are highly streamlined to their respective tasks. An exemplary technician can contain data such as associated time attachments, a laboratory researcher can add reports, and everything is immediately visible to anyone who has access. No more lost monsters or terrible messages. Although certain elements of the process are the same, the new system is expected to drive internal efficiency, while BHP can work more effectively with its partners.

4. An interesting upcoming blockchain format coming up was designed by a team at Disney and currently the only open source blockchain platform. The so called “Dragon Chain Platform” is meant to bring an ease of use to both backend and frontend users.

Currently, blockchain runs in most of the first implementations in parallel with the current enterprise systems – often older databases or spreadsheets such as Microsoft Excel. The most difficult part will be to create new business models. By implementing blockchain enterprise-wide, companies often need to remove their existing business processes and start from the very beginning. An attempt not for the weak hearts.

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The Passion behind Entrepreneurs

Despite difficult challenges, entrepreneurs are the engines of growth that transform the US economy. According to Small Business Administration, entrepreneurs start more than 600,000 companies in the United States each year.

How important are small businesses for the US economy?

Let me share some of the latest information (September 2009), published by Small Business Administration Small Business Administration Small Business Administration Office. Small companies …

Represents 99.7% of all employers.

Use more than half of all employees in the private sector.

Pay 44% of the total US payroll.

Generate 64% (net) new jobs in the last 15 years.

is more than 50% of the nonfarm private gross domestic product (GDP).

Hire 40% of high tech employees, such as scientists, engineers and computer programmers.

Are 52% home and 2% franchises.

Produce 13 times more patents per employee than large patent companies.

As small businesses have such a significant impact on the business cycle, what drives entrepreneurs to create something out of nothing? In that regard, what is an entrepreneur, and what makes him or her tick? Consider Sam Walton, one of the 20th century largest entrepreneurs who once said: \I’ve always driven to bend the system, conquer and conquer things outside of a place they’ve been. \\\\

What is an entrepreneur?

The French word, entrepreneur, means an entrepreneur. An entrepreneur is a person who undertakes an enterprise or company with a chance of gain or loss. An entrepreneur is an individual who uses venture capital to start and finance a new venture that assumes the financial risks associated with owning, operating and managing an enterprise.

Entrepreneurs come in many races and tend to develop innovations and create jobs. As a result, according to the SBA, they are vital for a stable and robust US economy. While many entrepreneurs consider vision, dromers and charismatic leaders, not all entrepreneurs have shared these features.

Most entrepreneurs are individuals who go to their own drums, who have the drive, determination, and perseverance to bring ideas and opportunities to life. Entrepreneurs usually have a clear, portable vision, a passion for their interests, the motivation to take their vision on the market and the perseverance, despite obstacles and setbacks.

The entrepreneurs are undoubtedly horses of another breed. Entrepreneurs are mavericks with vision and determination to create a company that brings the vision to the market.

Entrepreneurs, as a group, want to own and manage their own destinations. They are inspired to launch their own businesses and be driven to identify high potential, business opportunities and exploit. They are usually obsessed with all aspects of their chosen field of study. Entrepreneurs have a itch to create a new life, be their own boss, follow their own way and hide the constraints of the 9 to 5 workplace.

Entrepreneurs move ideas that are often generated by a flash of inspiration and often overlooked by others. Business owners can quickly change directions as circumstances develop. They can skip navigation, tolerate uncertainty and maintain continuity with changes in balance. The most important thing is that they are persevering! They follow the projects until completion and not easy even in the hardest times.

What drives a person to start a business trip?

There are so many reasons people start new businesses because there are people. Although the motivations of individual to individual differ, the most common driver is that individuals as a reason for starting a new venture desire their independence. Entrepreneurs want to be autonomous. They want the freedom to act independently to achieve their desires and goals.

Entrepreneurs also begin with many other reasons. Here are a few additional reasons:

Sense of accomplishment: Entrepreneurs have the need to create a sense of achievement and experience.

Innovation / invention: Entrepreneurs have the opportunity to find new products, services, processes, markets or opportunities and create new competition rules.

Career Transition: Entrepreneurs often make career transitions on graduates, downsizing, outsourcing, retirement or the desire for independence.

Recognition: Entrepreneurs are hungry for: status, power or recognition for the value of an idea or an enterprise.

Wealth Building: While entrepreneurs are richer individuals, entrepreneurs usually do not wealth as their primary target – creating wealth \ert as the by product of entrepreneurial adventure.

Principles: Many entrepreneurs are being driven to build businesses that are governed by principles and values ​​that also contribute to their community and society.

What an entrepreneur motivates is the pursuit of managing his own schedule, managing his own workload and managing his own destiny. Entrepreneurs want to propose a future where they do what they like to do!

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What is a Bitcoin

OK, so what is Bitcoin?

It’s not a coin, it’s ‘cryptocurrency‘, a digital payment method produced by many people worldwide (\\\\\\\\ disguised \\\\\\\\). It offers direct, global, free or very cheap peer-to-peer transactions.

Bitcoin was invented after decades of cryptography research by software developer Satoshi Nakamoto (believed a pseudonym), who designed the algorithm and introduced in 2009. His true identity remains a mystery.

This currency is not supported by tangible raw materials (such as gold or silver); Bitcoins are traded online, making them a commodity in itself.

Bitcoin is an open source product, accessible to anyone who is a user. All you need is an email address, internet access and money to get started.

Where does it come from?

Bitcoin is operated on a distributed computer network of users who perform specialized software; The network solves certain mathematical evidence and searches for a particular data sequence (\\\\\\\\ block \\\\\\\\) that produces a particular pattern when the BTC algorithm is applied to it. A contest produces a bitcoin. It is complex and time and energy.

Only 21 million bitcoins are ever extracted (about 11 million are currently in circulation). The math problems that solve the network computers are becoming increasingly difficult to control mining and supply.

This network also applies to all transactions via cryptography.

How does Bitcoin work?

Internet users transfer digital assets (bits) to another on a network. There is no online bank; Better, Bitcoin is described as an internet scattered ledger. Users buy Bitcoin with money or by selling a product or service for Bitcoin. Save Bitcoin Portfolios and use this digital currency. Users can sell from this virtual ledger by distributing their Bitcoin to anyone who wants to. Everyone can do this anywhere in the world.

There are smartphone apps for performing mobile Bitcoin transactions and Bitcoin exchanges are on the Internet.

How is Bitcoin appreciated?

Bitcoin is not held or controlled by a financial institution; It is fully decentralized. Unlike real money, it can not be treated by governments or banks.

Instead, Bitcoin’s value is simply in acceptance between users as a means of payment and because delivery expires. Global currency values ​​fluctuate according to supply and market specification; When more people make portfolios and own and spend bitcoins, and accept more companies, Bitcoin’s value will increase. Banks are now trying to appreciate Bitcoin and for some investment sites to predict that the price of a bitcoin will be in 2014 a thousand dollars.

What are its benefits?

There are benefits to consumers and traders who want to use this payment option.

1. Fast transactions – Bitcoin is transferred directly over the internet.

2. No cost / low cost – Unlike credit cards, Bitcoin can use free or very low costs. Without the centralized institution as an intermediary, no licenses (and charges) are required. This improves profit margins sales.

3. Eliminates fraud risk. Only the Bitcoin owner can send the payment to the intended recipient, who is the only one that can receive it. The network knows that the transfer has taken place and transactions are validated; They can not be challenged or taken back. This is ideal for online sellers who are often subject to credit card processor reviews or whether a transaction is fraudulent or companies paying the HIVh Credit card refund.

4. Data is safe – as we have seen in the recent hacks on national payment payment systems, the Internet is not always a safe place for private data. Bitcoin does not give users personal information.

a. They have two keys: a public key that serves as the bitcoin address and a private key with personal information.

b. Transactions are digitally signed by combining public and private keys; A mathematical function is applied and a certificate is generated that proves that the user has initiated the transaction. Digital signatures are unique to each transaction and can not be reused.

c. The merchant / recipient never sees your secret information (name, number, physical address) so it’s a little anonymous but it’s traceable (to the bitcoin address on the public key).

5. Useful payment system – Traders can use Bitcoin as a payment system completely; They do not need to maintain the Bitcoin currency, as Bitcoin can be converted into dollars. Consumers or traders can trade in and out of Bitcoin and other currencies at any time.

6. International payments – Bitcoin is used worldwide; E-commerce merchants and service providers can easily accept international payments, opening new potential markets to them.

7. Easy to follow – The network follows and logs each transaction permanently in the Bitcoin Block Chain (the database). In case of unlawfulness, it is easier for officials who trace these transactions.

8. Micropayments are possible – Bitcoins can be divided into one hundred millionth, so performing small payments of one dollar or less will be a free or almost free transaction. This can be a real boost for convenience stores, coffee shops and subscription-based websites (videos, publications).

A little confused? Here are some examples of transactions:

Bitcoin in the retail environment

At the checkout, the payer uses a smartphone app to scan a QR code with all transaction data needed to transfer the bitcoin to the retailer. Pressing the \\\\ Confirm \\\\ button will complete the transaction. If the user does not own Bitcoin, the network converts dollars into his account into the digital currency.

The retailer can convert that bitcoin into dollars as desired, there were no or very low processing costs (instead of 2 to 3 percent), no hackers can steal personal consumer information and there is no risk of fraud. Very smooth.

Bitcoins in hospitality

Hotels can accept Bitcoin for room and food payments on site for those who want to pay Bitcoin with their mobile wallet, or via the PC to the website to pay online. A third-party BTC merchant processor can assist in processing the transactions it removes over the Bitcoin network. These processing clients are installed on tablets in the device or in the restaurants for users with BTC smartphone apps. (These payment processors are also available for desktops, in POS systems for retail, and integrated into foodservice POS systems.) No credit cards or money need to change hands.

These cashless transactions are fast and the processor can convert bitcoins into currency and make a daily direct deposit on the company’s bank account. In January 2014, it was announced that two Las Vegas casinos pay Bitcoin at the reception in their restaurantts and accept at the gift shop.

It sounds good – so what’s the catch?

Business owners must consider issues of participation, security and costs.\\ A relatively small number of ordinary consumers and sellers use or understand Bitcoin right now. Nevertheless, adoption takes place worldwide and tools and technologies are developed to make participation easier.
It’s internet, so hackers are threats to the exchanges. The Economist reported that a Bitcoin Exchange took place in September 2013 and was stolen in the $ 250,000 in bitcoins of online safes. Bitcoins can be stolen as another currency, so alert network, server, and database security is paramount.

Users must carefully protect their bitcoin portfolios, which contain their own keys. Secure backups or prints are crucial.

Bitcoin is not regulated or insured by the US government, so there is no insurance on your account if the exchange is unlimited or robbed by hackers.

Bitcoins are relatively expensive. Current prices and sales prices are available on the online exchanges.

The virtual currency is not universal yet, but market awareness and acceptance. A company can decide to try Bitcoin to save on credit card and bank charges, as a customer convenience, or to see if it helps or hinders sales and profitability.

Do you think you accept Bitcoin? Do you already use it? Share your thoughts and experiences with us.

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Common Problems for Startups Today

Startups are everywhere. Today, starters who flood the entire market and everywhere, even in schools and other educational institutions, begin to graduate and eventually seek a job, but to work as much as possible while at school to name themselves, investing by investing their time in startups and business innovations.

Fairy tales and stories from startup entrepreneurs and business owners seem to be the front page of all newspaper and magazine issues today that encourage or encourage people to brainstorm and create ideas that they think are worth investing .

People see technological breakthroughs as something that can revolutionize the world and open people to more abundant opportunities. As a result, more resources and resources are readily available for the start of feasible startups and businesses.

The unprecedented truth about boot is this;
Starting and maintaining one is not as easy as successful entrepreneurs show it. As long as there are more chances available to start and flourish, there are still challenges that persist. As an aspiring entrepreneur you should expect to get some proven challenges and blockblocks.

Startups face challenges in different stages and different rungs on the ladder to success. Problems can vary based on the difficulties encountered in implementing different goals and goals and the ability of the entrepreneur (s) to handle different issues, as they are a major advantage. Startup entrepreneurs make mistakes, depending on the type of boat or group of people (if any) to work together. However, there are some challenges that today have a general startup level.

Here is an overview of the top 5 challenges you encounter and how you manage it takes a lot of time to determine whether your startup will succeed or fail:

The big problem comes first. Financing remains one of the major challenges posed by emerging startups. It’s a really dicey problem in the sense that any investor would prefer to place their money, knowing that it will be safer. Hence, they usually invest their money in already established and successful startups. Logically, as for investors, it also limits the number of successful launches available today. Certainly, there are a number of startups today that if the right sources are provided, they become serious trailblowers in the course of their fields. However, they have the resources available because investors prefer to be logical and invest in the established, most potential startups.
Lack of innovation
The desire to build startups and to earn money quickly and easily has unfortunately created a few standards in our minds. Having said that, most startups are just \knock offs\ of old, more successful. Today’s innovation is very short for entrepreneurs. When investors and customers see this, they become reluctant to invest because they generally see the difference between these new startups and the old ones.

An important method for attracting money for a startup is to have at least one unique feature; something that shows you from the huge amount of startup points associated with or similar. People usually cover alleged ways of doing things, rather than promoting completely new and innovative methods. As a result, innovation is usually trumpet.

Unreachable goals
It’s always helpful and beneficial to set goals for your business. Goals give your business a direction and give you the opportunity to measure your business growth over time as a way to judge your business (or otherwise) as a way to run your business against other companies in your sector too pit.

At startup, it is important that your boot-up exceeds your set goals (or at least meets); It turns out that you are on the right track for future successes. However, where most startups are misunderstandings, the target setting is part. Usually, the next launch goals set goals that are simply not realistic, giving them their structure and size. After a huge success, startup options have the ability to increase the bar \\\\ and in the process, they set goals that make them too thin. For consistency, it is important to establish high but controlled and generally achievable goals and objectives, taking into account a level of resources and your ability to achieve those goals.

This challenge is mainly confronted with companies with multiple owners (ie partnerships). Although partnerships are large as they provide a larger capital base, these companies are usually composed of owners who come from different backgrounds and who have different (sometimes contradictory) business guidelines.

These different orientations have a major influence on decision making. At startup it is essential to make quick decisions quickly, especially when the time window you have to act is very small or when the chance that occurs for you is almost at the end. Some partners do not have any barriers to taking certain risks, while some believe they are not safe. A partnership runs here because no decision can be made without the permission of someone and without a partner. It is vital that you get used to (sometimes) difficult decision, and quickly.

Personnel Selection
It does not matter how big your business skills are like an entrepreneur, sooner or later, and how small do you need another team to work with you. Finding the right team members can be a bit of a challenge; You must select people who have the same passion as you and people who are able to address the hardships that come to work.

The right staff will greatly help you; Their skills will ultimately help relieve some of the work. Choosing the right staff is a task that must be done with the utmost care and impartiality. You can easily be seduced by the character of a person and rent, only to find out that you made a mistake and hired the wrong person. Other prejudices (nepotism, occupation, etc.) should also be avoided when selecting the right staff for your startup.

If you still want to start a new business, our teams will love to discuss more about creating creativity and developing a perfect business startup.

We can help you finance financing, etc. By designing and developing the perfect business plan for you.