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Jim-Ballingall

Nooor Talks with Jim Ballingall

We know you’ve missed our Nooor talks! So here we are with another interview with one of the most remarkable members of the blockchain industry – Jim Ballingall. Jim is a good friend of Nooor and was one of our speakers during ChainPoint 19. No more details here; continue reading to know who Jim is, what his background is, about his projects, and more!

1. Tell our community about yourself, your professional experience, and how you have entered the blockchain space? 

I am the Executive Director for The Initiative for CryptoCurrencies and Contracts (IC3). IC3 is by far the world’s leading academic initiative devoted to blockchain research – with seventeen faculty spanning nine campuses at top universities in four countries (UC Berkeley, CMU, Cornell, Cornell Tech, EPFL, ETH-Zurich, the Technion, University College London, and Univ. of Illinois, Urbana-Champaign). In addition to computer science, its expertise includes finance and technology law. 

I earned a Ph.D. in Applied Physics from Cornell and a BS in Engineering Physics from U.C. Berkeley. I also direct the Industry-Academia Partnership, a consortium founded by Cornell with other top universities and leading companies pursuing next-generation computer, networking, and storage solutions, as well as new implementations and applications of AI. 

I began my career as a microelectronics scientist in the aerospace industry focused on compound semiconductors for infrared sensing and RF communications. Our team at GE developed and deployed the PHEMT, a GaAs-based quantum well transistor for 60 GHz ultra-secure inter-satellite communications. The PHEMT is now used widely in the RF front end of smartphones. I held senior executive roles in the silicon CMOS industry for 15 years and then transitioned into cloud computing. Moreover, I was CEO of a Software-as-a-Service (SAAS) provider of supply chain solutions that merged with E2open.

I always worked with universities throughout my career, in fact, the PHEMT cited above came out of work GE did with the University of Illinois and Cornell. My work in blockchain grew out of collaborations with the IAP and the faculty at Cornell.

2. What is your key to success in the IT industry? And what are the most interesting projects you have worked/ are working on? 

I am fortunate to work with many exceptionally talented people. It’s like the old Chinese fortune cookie proverb, and in fact, my Ph.D. thesis advisor at Cornell told me this too (he was not Chinese, nor a maker of fortune cookies – Prof. Lester F. Eastman, another extremely talented person, born in upstate NY) – “Jim, find a job you love, and you will never work a day in your life!” Les had found that job as a prof at Cornell.

3. Which blockchain, crypto project you can consider the most promising today? 

There are so many! The Ava project (Ava Labs) came out of IC3, so I am naturally biased towards it. It offers an asset trading platform with a unique consensus protocol called Avalanche (super-fast, scalable, and reliable) that was first presented at the IC3 Spring Retreat in 2018. The company has an amazing team led by Prof. Emin Gün Sirer, who is indisputably one of the top blockchain experts in the world.

4. The buzz around the CBDCs is growing rapidly. What is your idea about this concept? What is the vision for the upcoming 3-5 years? 

CBDC is really a very exciting concept. I believe it will add value to national economies and benefit individual citizens, but I doubt CBDC’s will be deployed in the next 3 years, and I doubt the initial implementations will be based on a blockchain. There are certainly advantages, but really no absolute need for a truly distributed CBDC application on a blockchain; it simply presents too many security vulnerabilities in the near term due to the enormous number of accounts and users – each presenting a possible attack vector. A centralized DB can meet the minimal requirements and more. Our IC3 faculty is working on a white paper to elucidate the options.

5. We are all facing the challenges that the pandemic has exposed. What kind of strategies should companies apply in terms of digital transformation in the post-COVID19 world?

Some of our IC3 researchers are working on options for maintaining privacy for contact tracing. The SwissCovid App is available for download. It uses Bluetooth to share temporary identifiers, which assist in privacy-preserving contact tracing once an individual is diagnosed with COVID-19. It is the result of joint work by the Federal Office for Information Technology and Telecommunications (FOITT), the Federal Institutes of Technology in Zurich (ETH) including IC3 faculty member Srdjan Čapkun, Lausanne (EPFL), and the Swiss company Ubique.

6. It’s interesting to know your thoughts about how tomorrow’s new technologies will drive change and spur innovation in our world. 

In so many ways! A few years ago, I stood on the US Civil War battlefield of Bull Run in northern Virginia with my family. There were two opposing lines of 4-inch cannons spaced about 200 meters apart – North vs. South. It struck me how primitive the technology of 1865 was when I realized that only 100 years later, we had landed a man on the moon.

7. As a 30-year IT veteran, what will be your advice to new generations? 

In terms of interactions with your fellow humans, please be kind, be gracious, be generous, love others as yourself – even if you disagree strongly with their political views. In your studies, work hard but be well rounded – study physics, math, music, literature, history, religion, not just CS or ECE. Get less involved in social media and more involved in actual social activity – such as extracurricular and volunteer work in the campus community. There is so much more to the world than coding and making money, or winning prestigious awards and titles, or otherwise becoming famous. I know billionaires and eminent scientists – many are quite miserable. Be intellectually curious about technology and the world around you. Be involved in your family, your circle of friends, your community. Make it a better place.

8. What has been a source of inspiration for you to fulfill your initiatives? 

Jesus of Nazareth. The Christ is my inspiration and salvation. He said, “I am the resurrection and the life. The one who believes in me will live, even though they die; and whoever lives by believing in me will never die.” (John 11:25-26)

About IC3

The Initiative for CryptoCurrencies and Contracts (IC3) is an unrivaled center for interdisciplinary talent that uniquely meets the blockchain community’s urgent need for world-class expertise spanning cryptography, distributed systems, programming languages, game theory, and system security techniques.

IC3’s mission is to bridge the gap between academic research and industry need to distill out the technical challenges of key importance to its sponsors and the community at large and devise performant solutions grounded in science and built to last.

IC3 contributes to three pillars – scholarship, public policy, and code and leadership to the blockchain community.

Ani Alexander photo

Nooor talks with Ani Alexander

Today our guest is a blockchain marketer, a startup mentor and a bestselling fiction author – Ani Alexander. Consulting a number of projects, she is currently the head of marketing at Amazix, a full-service consultancy for blockchain businesses.

We sat down with Ani to learn about her inspiring journey in the field and her views on the current trends.

– Ani, please tell us about your journey into the blockchain industry. 

I got into the industry by accident. My friend, who was a fiction author, introduced me to Steemit. I interviewed someone from the team for my podcast and later started writing there and earning crypto for that. That made me fall down the rabbit hole and learn about crypto and blockchain. Shortly after that, I landed my first job in the space. It’s been over 3 years already… 

– What was the most exciting experience throughout your career path? 

It depends on what you consider to be a career. On a personal level, having my pen name on book covers and books on bestseller’s charts was exciting. Launching and growing a podcast from scratch was a very inspiring experience too. As to the blockchain, marketing an ICO from scratch with a completely different approach from what was out there at that time was a risky but exciting experience of its own.

– How different is the marketing pattern of blockchain projects now and then? How did the market change after the meteoric rise of ICOs back in 2017 – 2018? 

Back in 2017, what projects did for ICO marketing is what I call “lazy marketing”. In fact, calling it marketing would be a stretch. It was mainly paid placements—paying for PR, paying influencers, paying ICO listing sites… which is why they mostly attracted speculators who were ready to dump their tokens at any time.

The market has matured now. These days, projects need to have way more than just a whitepaper (which in some cases read like fiction). They need to look at and deal with marketing like any other tech startup that needs to raise brand awareness and acquire users.

– The new reality of COVID-19: please outline the importance of reshaping of marketing strategies during the pandemic. 

Whatever you’d planned before COVID-19 definitely will need to be modified and, in some cases, even pushed back or forgotten completely. But that does not mean that you should disappear and do nothing. At minimum, maintaining your online presence is crucial.  

These are the times when brands need to be sensitive and relevant with their online content. The focus should be more on building relationships and engaging with your audience and communities vs pushing sales and pitching projects. 

– As you know there are lots of people in the crypto and blockchain space, who as well have Armenian roots. Who is your go-to person in the industry? 

The beauty of the blockchain community is that it unites different people from all over the world around a technology that has a true philosophy behind it. It’s a decentralized community that is beyond geography, ethnicity, and religion. I love working with many of them and would prefer not to mention names, risking to forget a few.

You are the author of a number of best-selling books, you run a series of podcasts. What is your source of inspiration? 

Life itself is the best source of inspiration. Real-life stories and real people are what I look at. There is so much one can notice if we just pay attention. 

– We have many young folks in our community who are trying to pave their way in the space. What will be your advice to them? 

Don’t get intimidated. Often, you may think that people in space are way smarter than you are, but that is not true. No one in this space knew and understood blockchain from Day 1. We all started from scratch, just like you are doing now.

– Thank you very much and looking forward to more exciting endeavors on you side, Ani!

Want to know more about projects Ani is working on or about first-hand insights from Ani’s podcast guests? Make sure to subscribe on https://anialexander.com/

Take a look at other Nooor talks with the most outstanding representatives of the blockchain industry here!

bitcoinhalving

Bitcoin Halving

We have prepared a short review of the main news and concerns regarding the Bitcoin Halving so that you can have the whole picture of what is going on in the market these days and what to expect afterward.

What is Bitcoin Halving?

Firstly, let’s explain what the Bitcoin Halving is. As we know Bitcoin miners are being rewarded for processing a transaction and every 210,000 blocks, or roughly 4 years, the reward is being halved. In 2009 the reward for the mined block was 50 bitcoins. Then, after the very first halving it became 25, then 12.5, and today on May 11, in just several hours from the time of writing, it will become 6.25 Bitcoins per block.

It’s important to note that Bitcoin forks halve a month before the main chain (BTC) does. Here is the chronological order of the events.

  • The Bitcoin Cash (BCH) block halving occurred on April 8, so consequently, the event decreased block rewards for miners from 12.5 to 6.25 for each block.
  • The first halving of Bitcoin Satoshi’s Vision (BSV), which was forked from BCH in 2018,  took place on April 10. By the way, both BSV and BCH have 21 million coin supplies, as Bitcoin (BTC) has.
  • Finally, Bitcoin Gold (BTG), has been the next fork which halved after BSV on April 18.

 

Price predictions

Now let’s move on to bitcoin price predictions and how the market will respond. In fact, halving takes too much attention because people believe that it will increase the bitcoin price and that’s why many traders have already started betting for the future price of Bitcoin. Here is the list of some predictions from experts.

  • TradeBlock, a blockchain analyst company, predicted that the price per Bitcoin will be $12,500 after the halving.
  • Salah-Eddine Bouhmidi, the financial market analyst at DailyFX, told Cointelegraph: “After the halving, I can imagine a new attack on the $14,000 by 2021. Of course, not only the halving plays a role here — but other external factors can also lead to positive effects on the cryptocurrency market.”
  • Paolo Ardoino, the CFO of Bitfinex, said: “By the end of 2020, I think the Bitcoin price will be at least $20,000.”
  • Fundstrat’s Tom Lee believes Bitcoin could reach $27,000 by August of 2020. 
  • Rekt Capital took the most optimistic position by writing on Twitter: “Price of one $BTC will be $385,000–$400,000.”
  • PlanB, a pseudonymous analyst, says he expects the halving will lead to a considerable rise in the price over the next few years. He thinks if BTC doesn’t strike $70,000 by May of 2022, the stock to flow model will be invalidated. 

 

What experts think

So now you have the picture of what Bitcoin Halving is, let us also see what kind of ideas the industry leaders share and very soon we will see if the buzz created around the event is just a hype or this is something that will bring a real change to the industry.

  • Paolo Ardoino, CTO of Bitfinex said, “I don’t expect Bitcoin to drop below $6,000. We might see some FUD before the Bitcoin halving. By the end of 2020, I think the Bitcoin price will be at least $20,000.”
  • Robert Schwertner, Founder & CEO of CryptoRobby commented,  “Can I predict the Bitcoin price at the end of 2020? Sure, to the third decimal place! 7,000 euros — plus/minus 5,000 euros. I see no future for Bitcoin. It is not suitable as a means of payment — who wants to spend 10 minutes at the checkout in the supermarket for verification…”
  • “Historically, we have seen a price surge in the 1.5 years after the halving, so it’s highly possible we’ll see new entrants in the market,” said Dave Ripley, COO of Kraken.
  • Lennix Lai, OKEx’s director of financial markets, noted, that bitcoin halving could be understood as “quantitative tightening” on crypto.
  • Other exchanges said bitcoin halving could be an insignificant event if the COVID-19 continues.

 

Seems everyone is too concerned about the Bitcoin Halving event and many of them want a drastic change in the price. The good news is today is THE DAY of the historic event and we can witness the reaction of the market and see who has been closer to reality.

Stay healthy and stay tuned!

Take a look at our blogposts here.

blockchain in supply chain

3 Use cases of Blockchain in Supply Chain Management

The time has come to talk about a use case that is one of the most popular: SUPPLY CHAIN. Firstly, let’s find out what Supply Chain is. It is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. This network includes different activities, people, entities, information, and resources. The supply chain also represents the steps it takes to get the product or service from its original state to the customer. Depending on the product, the supply chain can span over hundreds of stages, multiple geographical (international) locations, a multitude of invoices and payments, have several individuals and entities involved, and extend over months of time.

So what does the supply chain need? Of course, it needs reliability and integrity, which are provided by blockchain and there is no dispute in the chain regarding transactions because all entities on the chain have the same version of the ledger. One of the advantages of blockchain-based supply chain systems over standard databases is that nobody can change the data in blockchain. Another advantage of blockchain is that a retailer can control suppliers by monitoring products from the moment they are moved from a warehouse.

Let’s take a look at interesting aspects of blockchain applications in supply chain management.

Diamond supply chain

The history of blockchain in the diamond industry can go back to May 2015. Back then an Australian entrepreneur Leanne Kemp founded Everledger — a global digital registry for diamonds powered by the IBM Blockchain Platform. One of its main goals was to solve the “blood diamonds” issue. Blood diamonds are not the only issue, as gem retailers are also trying to detect laboratory-grown diamonds. They are less valuable among customers and sometimes are sold as natural ones.

Food & Agriculture

We can take Provenance as a good example. It enables every physical product to come with a digital ‘passport’ that proves authenticity and origin, creating an auditable record of the journey behind all physical products.

Moreover, Retail chain Walmart is using blockchain to focus on food safety, tracking, and traceability. For example, the company is already carrying out tests using the tech to track food products like mangoes from Mexico and pork from China. The system uses sensors to record temperature in a blockchain system. In this way, the company can assure quality and food condition during transit. Last year, it took two months for experts to trace the source of a salmonella outbreak in Mexican papayas. With blockchain, this process can take some seconds.

Healthcare

In the medical field genomic data is used for customized patient diagnosis and treatment. While the pharmaceutical industry can use it for the development of new drugs and therapeutic agents. Macrogen is not the only technology giant looking to apply blockchain tech within the genomics industry. As far back as 2014, an Israeli startup called DNA.Bits announced plans to store genetic and medical record data using blockchain technology.

For example, transplantChain is a medical supply-chain management tool that tracks the protocols and signatures required for organ transplantation. It uses blockchain technology to fix donor matching issues to make the process faster and more efficient. The platform would allow hospitals to select organs within proximity and have them prepared to be transported. The platform would also provide detailed information and the medical history of each organ.

All of this showcase how blockchain revolutionizes supply chains in various fields. And above-mentioned examples are just the little part of them. It is obvious that blockchain and supply chain are like synergy and the whole potential is more than you can find from projects.

Find out a more thorough investigation of blockchain applications in various industries here. The industries range from fashion to healthcare, from real estate to education, and more.

References

CryptoRobby

Nooor talks with Robert Schwertner

Robby Schwertner, also known as CryptoRobby is active in the blockchain domain: he serves as a business development manager focusing on blockchain-based use cases in mobility, real estates, and energy supporting large European and Asian companies.

Robby is a frequent speaker at international blockchain-related conferences, was the expert speaker at the British Parliament, held a TEDxTalk and was a speaker at the OECD Global Blockchain Policy Forum. He holds a master’s degree in Natural Sciences at the University of Vienna. Previously Robby managed R&D funds for Smart City and Urban Technology projects and has many years of industry experience including nanotech and sustainable energy services, alternating frequently between Europe and Asia.

Nooor talks, 5 Questions, and Robert Schwertner. Here we go!

1. In which industry blockchain will have the best application and what companies/ projects are already trying to make a change?

Whereas the internet´s strength was to bring information to our computers, to our smartphones, it has a major weakness: it is not possible to transfer value over the internet. Always a bank or a notary or a governmental institution has to confirm transactions. With blockchain, one can solve this problem of the internet. Blockchain will firstly make payment transfers faster, cheaper and safer. But we will see a lot of different applications of blockchain e.g. in the real estate sector, for energy, for mobility. The governments will also use blockchain widely And blockchain will make digital versions of national currencies possible.

2. What fascinates you the most in the blockchain industry?

I am so excited about blockchain technology because I see it as a new life form. We do not have the slightest idea for the moment what will be possible, but the potential of this technology is enormous. Just to give you 2 examples. Bank accounts will in the quite near future not be at banks, there won’t be a necessity. We will have our “bank” accounts on our smartphones, on our laptops. Second example: cars will also have a wallet included, they will pay for services themselves, for parking, road tolling, even insurance, and tax. And this is necessary because we will have a lot more autonomous cars without drivers. Autonomous cars MUST pay for their services themselves!

3. The trends in cryptocurrencies have deemed them unfavorable in most governments. Since blockchain is the underlying technology, do you think various states, starting with Armenia would be open to adopting the technology?

Cryptocurrencies are seen as critical by many governments and central banks. Why? Because it could lead to a loss of power. Take Bitcoin: nobody manages this cryptocurrency, no government, no bank in charge. This thought frightens many people. However, Bitcoin is working quite well, it is not a means of payment but definitely a store of value. But in the near future, we will also see alternative cryptocurrencies which will also not be linked to a government or a company but will be independent and decentralized and just serve the people. Isn’t it a wonderful thought that we have a new organism, a new life form which is a currency, not controlled by anyone.

4. Tell us more about CryptoRobby. When did it have its first appearance and become your second name?

My father, grandfather and great grandfather all are named Robert, so I was always called Robby. I started with CryptoRobby in 2016, I used it as a username in chat groups, and later it became popular on LinkedIn. My focus is to support blockchain use cases with added value to the society, to people. I call this initiative #ReturnonSociety and it became widely used in social media.

5. As you were in Armenia in 2001, what differences have you noticed in the country? And of course, as you were a part of CP19, what can be the feedback about Armenia and its potential to become one of the leaders in the blockchain space?

I was in Armenia for humanitarian relief projects and construction project for houses after the Earthquake in Gyumri and also projects in Yerevan and Vanadzor. Armenia has changed a lot. Cities are modern, the internet is fast (almost faster than in Austria and Germany!). People speak more English than it used to be the case back 20 years ago when I needed to speak Russian all the time. I see modern cars in the street. What makes me very happy, is seeing the new government which obviously tries hard to open up the country, to fight corruption and to ensure that the income gap becomes closer. One thing has not changed: the food is as good as 20 years ago!

I see that it is necessary to have coders for blockchain applications. In Austria there are 80–100 coders which can realize projects on the most popular Blockchain Ethereum, there is a lack of excellent programmers. And Armenian brains are as good as the ones in the rest of the world, the internet is fast here in Yerevan and computers are available. And one big advantage: the income level is lower in Armenia, which is VERY interesting for many international companies. This means Armenians, which have a vast network of people in the Diaspora — I have many Armenian friends here in Austria — should use this network to establish business with these countries.

Hey reader! We hope you enjoyed this interview. Take a look at other Nooor talks with the most impressive representatives of the blockchain industry here.

blockchain applications in hrm

Blockchain applications in HRM

We are in an era where everything develops too quickly. So we are going to tell you about the Blockchain in the HR sector and before starting the main part let’s discuss: What is blockchain technology?

The blockchain is a unique technology for storing data. The information is stored on the devices of thousands or hundreds of thousands of people. Blockchain has two core advantages: publicity, reliability and security. Decentralized data storage, virtually unhackable due to the algorithm. With blockchain, it is impossible to collect all the information from different accounts into one place. It is decentralized, and only you are the king of your data.

Addressing HR pain-points

Let’s figure out what are the business processes that HR goes through that are painful, and involve lots of people, shared data, time, and risk? Four areas of greatest impact for blockchain include:

  • cross-border payments and mobility;
  • talent sourcing and management;
  • productivity gains;
  • cybersecurity/fraud prevention.

Today HR specialists have to deal with the uncertainty in resumes, the reliability of recommendation letters and the overall problem with the trustworthiness of candidates. This situation has to change, and blockchain has the potential to create a new ecosystem where achievements can speak for themselves.

Blockchain absolutely has the power to create disruption in the HR space. In fact, it might just revolutionize the ways in which HR pros approach many of their daily tasks.

1. Blockchain Can Protect HR from Cyber Criminals

When a Boeing HR employee sent a work-related spreadsheet to his spouse in November 2016, he just wanted formatting advice. But he had also endangered the identities of nearly 36,000 Boeing employees in four states — 8,000 had their data stolen.

Human resources management involves dealing with a lot of very sensitive personal and financial data like this. HR departments may receive and store information relating to pay, health insurance, finance and banking, disciplinary records, and more. All of this is at risk of being exploited. With blockchain, the ability of criminals to gain access to that data is reduced. In many cases, it’s virtually eliminated. Because records stored on the blockchain are decentralized, there’s no single place where hackers to access and corrupt data. In addition to this, any changes that are made must be authorized and verified.

Companies Trying to Solve This Problem

Chronobank — Speeding up HR processes while reducing risk by leveraging blockchain

Fourdx — Blockchain secured eDelivery and document exchange

2. The Recruiting and Hiring Process Will Be Transformed by Blockchain

Standard methods of seeking out candidates, determining whether or not they are worth pursuing, conducting the pre-hire verification process can be painfully slow. Potential hires may tweak their resumes according to the requirements of each job that interests them. Hiring managers may wait days before hearing back from references, and some companies are reluctant to provide any detailed information on past employees due to liability purposes.

Now, imagine if employee records were stored on the blockchain. Applicants could provide potential employers with permission to access their blockchain-based employment data. This could include employment history, letters of recommendation, educational records, and more.

Companies Trying to Solve This Problem

Recruit Tech — Vietnam based project building recruitment solutions on the blockchain

3. Employee Life-Cycle

The whole employee life-cycle would be disrupted by the implementation of blockchain technology as the current procedure to hire and onboard a new recruit can be lengthy. From conducting the interviews, checking qualifications, validating work background and gathering references, or applying for the necessary security checks — it all takes time.

This process continues throughout employment (for example, if the role changes, further qualifications are obtained or different management is assigned during a handover) until eventually the employee exits the company. Then you may be requested to forward some of this data to potential new employers for their checks on that individual and alongside this the whole process renews again. As blockchain would already hold all of this validated information, it would significantly reduce the time and energy spent on this process, simplifying the whole HR experience.

4. Companies Can pay workers in cryptocurrencies

According to DistruptorDaily in America, 54 percent of employers stated their current payroll processes have room for improvement. A reported one-third of small business owners pay at least $500 per month in payroll service fees. That seems a bit high for such a routine process. Payroll services could see a new layer of automation and convenience by implementing cryptocurrency technology.

However, with businesses that hire on a global scale, paying in Bitcoin, Ethereum, or other cryptocurrencies can make sense. Workers want to be able to access their money, move it, and use it to buy goods and services with ease. For someone who lives in a nation where the currency is devalued, banking systems are untrustworthy, or the government has caused other roadblocks, this isn’t the case. By offering crypto-based payroll systems that are backed by blockchain technology, businesses can attract more workers on a global scale.

Companies Trying to Solve This Problem

Bitwage — Blockchain solutions for outsourcing

4th Pillar — Full-service HR solutions on the blockchain

5. Automate taxes & mitigate the strain of audits

Taxation plays a critical role in the life of a business or an individual. For HR professionals, constantly evolving tax laws and regulations across jurisdictions ensure they often have their hands full properly issuing taxes. Payroll taxes are then only further complicated by other factors like bonuses, commissions, overtime pay, back pay, accumulated sick time pay, human resources expenses, and beyond.

Blockchain’s keen ability to record and update employee tax considerations and provisions automatically is catching the attention of the HR industry. By wielding the capability to streamline and secure the taxation process, it is likely that blockchain-powered platforms will become the record of choice for HR departments around the globe.

Speaking of taxes, no business wants to be hit with an audit but it does happen. Audits are so daunting that it has actually held back countless businesses that only feel comfortable maintaining physical record systems, despite the time, energy, and money they require to properly upkeep.

The blockchain makes it easier for a business to sustain an audit because it can securely share its records with regulators in near real-time. The time and cost spent for document collection is subsequently reduced drastically.

Now is the time to sum up how really blockchain will be beneficial for HRM. It will help:

  • Employees with a perfect reputation to find work faster.
  • Companies save time and money by hiring employees.
  • Quickly assess the competence and professionalism of people.

In this case, such a system has to meet the following conditions:

  • Data transparency. Anytime any participant can have access to the initial data to make sure that they are right.
  • Data reliability. Not any company or person can change the data to their advantage.
  • Automation of processes. The system should work on mathematical algorithms without intermediaries to exclude or reduce to a minimum the human factor.
  • Independence. Do not belong to any company to maintain objectivity.

And as a bonus here are the startups which are trying to solve HR problems with blockchain: https://www.disruptordaily.com/blockchain-market-map-human-resources/

Links:

Blockchain in Hospitality

Blockchain in HORECA. Part 1: Tourism and Hotels

Are you a traveler?

Are you a professional in the hospitality sphere?

Are you simply interested in tourism and hospitality?

If you answered YES to one of these questions, then this blogpost is for you.

Let’s start with applications of blockchain in tourism. This combination is pretty advantageous for all involved parties, as it makes all operations more transparent and secure. Some experts give us possible uses of blockchain in the tourism industry. Below you can find the most engaging ones.

  • Safe and easy payments: We all know that payments with cryptocurrency are much more secure and traceable. All transactions carried out on the blockchain remain registered in the chain and cannot get modified. In addition, there won’t be any intermediaries that can intervene or delay payments. Hence we won’t need to exchange currency when we travel to another country.
  • Ratings: It’s very common to read user reviews when we travel; however, we cannot always guarantee a reliable source or accuracy. With blockchain, this problem can be solved, as the network is public, dependable, and secure-achieving better transparency and increasing consumer trust.  
  • Baggage management: Blockchain could become very useful in tracking the location of our baggage; starting from the check-in counter at the airport. It may have gotten lost or damaged on its way. With the help of blockchain, it’s possible to know where our suitcases are.
  • Reward systems: Many travel companies create loyalty programs for their customers. Blockchain would facilitate these processes and allow customers to check their points and, for example, exchange them for cryptocurrency.  

Now it’s time to move to the hospitality industry, where uses of blockchain are much more interesting. How does blockchain change the image of the hospitality sphere?

  • It helps in gathering better revenues. The hotels can share their catalog, inventory, and other properties online with all potential consumers through blockchain technology, which will enable the businesses to be more visible to the people. This will result in them accumulating more revenues.
  • Blockchain simplifies the travel and hotel booking processes. With the help of technology, people can automatically check the availability of accommodation or transportation and pay for the services directly. This would reduce the dependence on travel agents.
  • Helps in maintaining transparency in the supply chain. Large organizations, within the hospitality industry, generally follow the franchise model where the quality of different supplies is immensely crucial to maintain the reputation of the brand.  Blockchain technology opens up the opportunity to maintain absolute transparency in the supply chain and makes the whole process simple.
  • Assists in enhancing the user experience through loyalty programs. As mentioned above, loyalty programs enable consumers to access all their points quickly. The tokens are offered to the tourists in a digitalized manner.
  • Creates smart contracts between hotels and travel agencies. They could strengthen their business relationships with smart contracts on blockchain systems. Like the legal contract, a smart contract between hotels and travel agencies would incorporate the contractual provisions that are predetermined by both parties. When the transactions are recorded, the payments can be settled immediately.
  • Establishes digital identification. Blockchain technology can resolve the issue of identity theft. In hotels, restaurants, and airports, tourists are generally required to present their ID as proof, in order to get through the security checks while boarding flights, booking hotel rooms, or while consuming alcoholic beverages.  As a credible solution to this issue, specific digital IDs can come with cryptographically-secured codes that provide the validation of one’s identity without actually looking into the personal details of a consumer.
  • Food Tracking: Many restaurants can benefit from the use of blockchain for monitoring and tracking foods. A blockchain network can be created, which includes food producers, transport providers, and restaurant owners. This network will efficiently track the movement of agricultural produce. All the information about the quantity, types, and grades of food can be found easily by accessing the private blockchain network. Transactions can be updated and stored in real-time and can be viewed by all the parties involved in the supply chain management.

Here are the main and most important uses of blockchain in hotels and tourism. Now it is more clear to you how blockchain transforms these industries. Moreover, these points could be a good start for something more interesting; something that you could develop in your mind and push forward.

Don’t forget to check our “Blockchain in HORECA: Part 2“. This time talking about restaurants!

Sources:

https://www.wearemarketing.com/blog/what-we-can-expect-from-blockchain-in-the-tourism-industry.html

https://www.mindtree.com/sites/default/files/2018-01/WEB-17.8-TTH-GLOB-Top-use-cases-for-blockchain%20in%20Hospitality-Thoughtpost_1.pdf

https://www.todayshotelier.com/2018/11/05/how-blockchain-is-transforming-the-hospitality-industry/

Davos

Դավոս. Բլոկչեյն

Շատերը տեղյակ են Դավոսի Համաշխարհային տնտեսական համաժողովի մասին, որը տեղի ունեցավ սույն թվականի հունվարի 22-25-ը, սակայն ոչ բոլորը  կպատկերացնեն, որ գլոբալիզացիայի, տնտեսական զարգացման և մի շարք խնդրիներից զատ արդեն տարիներ շարունակ քննարկվում են կրիպտոարժույթների և բլոկչեյնի թեմաները։ Համառոտ ներկայացնենք համաժողովի ընթացքում վերջինիս վերաբերյալ փոխանակած մտքերը։

Առաջինը խոսվեց թվային աշխարհում ինքնության մասին, ըստ որի վավերացման տեխնոլոգիաների առաջընթացը, բիոմետրիկից մինչև բլոկչեյն, կարող է լինել մարդկանց և ապրանքների գլոբալ շարժման, ինչպես նաև հակակոռուպցիոն և աղքատության նվազեցմանը ուղղված միջոցառումների կանոնների փոփոխության նախադրյալ։ Այստեղ բլոկչեյնը կարևորվում է որպես տնտեսական զարգացմանը խոչընդոտող երևույթների նվազեցման և հաղթահարման միջոց։ Բլոկչեյնի շնորհիվ այսօր կառավարվում են մեր ամենօրյա կյանքում տեղի ունեցող տվյալները՝ խթանվում է ապացույցների վրա հիմնված քաղաքականության կատարելագործումը։

Մեկ այլ քննարկում վերաբերում էր ժամանակակից ստրկությանը վերջ տալուն, ինչի ընթացքում Hewlett Packard Enterprise-ի գործադիր տնօրեն և նախագահ Անտոնիո Ներին նշեց՝ ամենը սկսվում է թափանցիկությունից: Մենք օգտագործում ենք տվյալներ, օրինակ` քաղցկեղի բուժման միջոց գտնելու համար, փորձում ենք վերահսկել տրաֆիկինգը և այլն: Նրա կարծիքով բլոկչեյնը` դեմքի ճանաչման և արհեստական բանականության ալգորիթմների հետ համատեղ, կարող է օգնել ակտիվ գործողություններ ծրագրելուն՝ հանդիսանալով տվյալները կիսելու ապահով միջոց։ Նշանակում է` բլոկչեյնը կարող է մարտահրավեր նետել մերօրյա հանցագործությանն ու խաբեությանը՝ օգնելով մարդկանց ապրել առավել ապահով աշխարհում։

Այժմ անդրադառնանք կրիպտոարժույթներին։ Բիթքոինի գնահատումը 70%-ով պակասել է 2017 թվականի համեմատ, սակայն տեխնոլոգիական նորարարությունները այս ոլորտում շարունակում են արագ զարգանալ: Ինչպե՞ս պետք է կրիպտոն իրական տնտեսական արժեք ստանա: Ահա այսպիսի հարցադրում էր դրված քննարկվող թեմաներից մեկի ժամանակ, որի ընթացքում Հարվարդ համալսարանի տնտեսագիտության պրոֆեսոր Կենեթ Ռոգոֆը թերահավատորեն է մոտեցավ կրիպտոարժույթների` ավանդական արժույթի համեմատ առավելություն ձեռք բերելու վարկածին, չնայած դրանք անպետք չի համարում ։ Այդ քննարկման ընթացում նշվեց նաև կրիպտոարժույթների՝ ֆինանսական ոլոտրտում մեծ դեր գրավելու մասին։ Պրոֆեսոր Զու Նինգը վստահ է՝ կրիպտոն արժեքավոր է, և խրախուսում է ֆինանսական պորտֆելի դիվերսիֆիկացիան` թվային արժույթը ներառելու միջոցով: Իսկ բանախոսներից BitPesa-ի հիմնադիր Էլիզաբեթ Ռոսիելոն ասում է, որ չնայած կրիպտոարժույթների տարածվելուն,  «իրական» ֆիատ փողի կարիքը միշտ լինելու է աշխարհում։ Այսինքն` մարդկանց կանխատեսումները բազմաթիվ են կրիպտոյի վերաբերյալ և ոչ-ոք միանշանակ դեռ չգիտի նրանց ապագան։

Միևնույն ժամանակ համաժողովի մասնակիցները ողջունեցին Կոլումբիան, Իսրայելը և Արաբական Միացյալ Էմիրությունները` որպես Չորրորդ արդյունաբերական հեղափոխության կենտրոններ (Affiliated Centres for the Fourth Industrial Revolution): Վերջիններս անկախ կառույցներ են, որոնք աջակցում են զարգացող տեխնոլոգիաների ձևավորմանը, ինչպիսիք են արհեստական բանականությունը և բլոկչեյնը, այդ թվում` փորձարկելով օրենսդրական կարգավորման տարբեր մոտեցումներ։

Ամբողջացնելով բլոկչեյնի թեմայի շուրջ քննարկվածը՝ հարկ է նշել՝ տարեց տարի Դավոսի համաժողովում ավելանում և նոր ընթացք են ստանում այս տեսակի քննարկումները, որը մեկ անգամ ևս կանխագուշակում է խոստումնալից ապագան։