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Month: October 2016

Addressing the counterfeit luxury goods trade with blockchain

In the world of luxury good counterfeiting, there is the concept of “counter quality” replicas.  These are ostensible fake products, such as handbags or watches, that are so close to the original that, if placed on the counter of the boutique or retailer, the shop attendant would not be able to distinguish the fake from the original.  Whilst some people seek out these products as lower cost alternatives to the original and, in the case of watches, there is even a thriving internet subculture focused on these replicas, not all the buyers of such products are aware they are...

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The Revolutionary Potential of the Blockchain

Whilst the internet has revolutionised much of the way in which we conduct business, the mechanics by which we manage asset ownership and transfer between businesses, governments and individuals have been largely unchanged for hundreds of years. We still have business networks made of different participants, each trading tangible or intangible assets, and creating value through the flow of goods and services through the network; each participant managing and controlling their business through the use of ledgers and double-entry accounting. This use of individual ledgers is not without its shortcomings. Firstly, it’s slow as there is time needed to...

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The Invisible Hand in the Cloud

The phrase “invisible hand” was coined by Adam Smith in the book ‘The Wealth of Nations’.  The theory behind this very popular phrase are the social benefits to individual actions.  The invisible hand theory has evolved and was turned to public policy formulation as a strategic means for intending social benefit.   Balancing control, promoting business interest and ultimately attaining social benefits have been at the forefront of National Development objectives. The invisible hand, in predominantly the Cloud private sector, has unleashed new possibilities and innovative services, delivering social benefits, creating new markets or disrupting existing industries. In the public...

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C-Suite ‘get out of jail card’ with Cloud

Today’s C-Suite executives are under more pressure than ever to fend off the competition, drive business growth, create new revenue streams, reduce costs and balance the books.  More and more executives are turning to Cloud as another weapon in their arsenal, fueling their innovation aspirations and optimizing their business operations.  It remains a significant culprit behind the universal industry disruption that we will explore. Innovation is disrupting everything.  “Two guys in a Starbucks now have access to the same computing power as a Fortune 500 company” (Jim Deters, Founder Galvanize).  The Telcos’ were early victims from the disruption caused...

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Three ways in which government can benefit from Cognitive Computing

The recent announcement by Dubai government of its first cognitive computing service provides a glimpse into the future: a cognitive agent that is able to interact with residents, citizens and others to provide advice on business licensing in the Emirate of Dubai. Cognitive systems are able to replicate many human faculties, such as the ability to speak, understand unstructured data such as images or voice, and derive insights from large volumes of data.  They are based on artificial intelligence and machine learning; and, through the advent of cloud computing, have now become a capability that is broadly available to...

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