Local eCoinis in the In Store Retail Tech Industry

Local eCoin

In the pre-digital age when retailers sold all their goods in brick-and-mortar buildings, farmer’s market booths or lemonade stands, the retailer owned and was responsible for all their company’s assets. Their customers knew them, and they controlled everything about how they presented themselves to the marketplace. Merchants, especially those who produced their own merchandise, knew what their customers wanted and how to present their goods. That character wasn’t simply a matter of pride — it’s how local entrepreneurs worked. It’s the basis for capitalism. I don’t have to tell you how the digital age changed how we shop. But it also changed how we . sell Today, small merchants must play a game run by forces they simply aren’t able to compete with: the online behemoths — Amazon, eBay and others. They must play by the rules of these platforms to have a chance at survival. And while it’s relatively easy (though not necessarily cheap) for a small business to get started as a seller on these big sites, it’s not a playing field meant to benefit them. One big reason is that small businesses no longer own their own shop windows in a digital sense. The platforms do. These digital assets include product images, descriptions, customer reviews, and how the page is structured for viewing. A small business with an Amazon seller account has some input in how their product is presented — what images and descriptions to use, and what price to sell. But the final say is Amazon’s, because they own every single digital asset on their platform. This gives Amazon massive leverage over their business that free enterprise never intended. It’s a monopoly in joint-ownership’s clothing. Because retailers don’t own their digital assets on Amazon, their algorithms can manipulate your page as they deem fit. They can heighten or lessen its presence according to their own market assessments. They can even put a competitor’s product as a recommended option. on your page That’s a lot of advertising placed at extremely important parts of a product page. Side note: I have 2 cats. Think about that one. Have you ever gone to a neighborhood hardware store and seen a poster for a hammer for sale at a competitor’s store down the street? Have you ever wandered past a McDonald's and seen ads for the Whopper in the window? We’re dealing with that level of ridiculousness here. Amazon can describe that as “offering choices to our customers.” But, it’s not. It’s controlling the entire market — and degrading some retailers’ product value, while upgrading the value of the highest bidder (ie. their competition). That’s why ownership of digital assets is a hugely important issue in today’s e-commerce ecosystem. Small merchants using Amazon and other big platforms have almost no option but to give that control over to corporate entities whose sole focus is rewarding themselves and their stockholders. Is that worth the increased traffic and lower ROI? No. And that’s why the new frontiers of are bringing the rights of small businesses into the spotlight. It’s imperative for small business owners to own as much of their digital commodities — assets, technology, and data — as they possibly can. blockchain With blockchain technology, all ownership of digital assets can be recorded in a trustless environment to be bought, sold, leased, or transferred as the owner sees fit. One promising project, , is working on a solution to solve this exact issue. The ECoinmerce e-commerce platform allows all business owners to retain their own digital assets. decide what goes on their landing pages, and maintain control of how it’s accessed, amended and presented. ECoinmerce They With no centralized team, stockholders to answer to, and no commission on sellers’ profits, ECoinmerce only sets up a framework for storefronts to exist. Sellers decide the most important elements that their customers need to see. They control the appearance. Their marketing prerogatives drive their product pages; their own customer data lets them set inventory and priority. Add that to the security of data on the blockchain, the flexibility of and a self-regulating community, and you’ll see how ECoinmerce lets businesses control their destiny without intrusion or the capricious conclusions of an artificial algorithm designed by somebody else. cryptocurrency is building an e-commerce platform to make small business owners’ investments into their own brand truly valuable — without taking away what they’ve worked hard to build. ECoinmerce This kind of innovation is why we have a free market in the first place. This kind of innovation is finally bringing a level playing field back to e-commerce.  Thoughts? What else is blockchain improving? Let me know what your think in the comment section below or start a discussion at your next meetup.

Digital Asset Ownership: Why It Matters & How Blockchain Will Save The Day

Popular E-commerce platforms like Amazon, Ebay, and Alibaba have changed the way we live and shop. The convenience, low prices, and huge variety of available products are only a few of the major benefits that E-commerce platforms offer consumers. But at what cost? And where do we go from here? is paradigm-shifting technology and it will continue to innovate and improve a variety of industries. So how does E-commerce fit into this and how will blockchain help? Blockchain According to media forecasts, the U.S. online retail market alone will reach 1.2 trillion USD in 2020. While the market is growing, its main problems are beginning to emerge. Let’s take a quick look at a few of them. Retailers Digital assets aren’t owned by those who create them On any given E-commerce product page, you’ll find a ton of high quality photos, product videos, reviews, and other information. Typically, these are created at great cost to the store owner, because without them, no one would buy their goods. However, ownership of everything on the product page belongs to the E-commerce platform the merchant is selling on. Moreover, sales information and user behavior patterns stored on E-commerce platforms can also be used for unequal competition with selling similar products. For example, Amazon can arbitrarily advertise its own products and prioritize them over competition. You see this frequently when shopping for a competitor to Amazon’s Fire or Alexa devices. High fees and prohibitive rules To protect margins and bring in revenue, traditional E-commerce platforms take a % of the total sale revenue from retailers and often charge a per-sale fee as well. These fees vary by platform, but the range is generally 10–50% of the total sale price. Retailers build the cuts that E-commerce platforms take into the final price, which leads to higher prices for consumers and less profit for retailers. It’s a lose-lose for everyone except the E-commerce platform. Furthermore, many of these centralized platforms cut-off direct contact between consumers and sellers. Amazon, for example, allows retailers one follow up email asking for a review and/or checking on the satisfaction of the customer. This drastically reduces the amount of relationship management a retailer can provide. To make matters worse, Amazon employs its own customer service team, who aren’t familiar with the products or company policies. This further adds to the transaction cost and could easily be done by the merchant directly. And, if you don’t play by their rules — you’re out. There have been many cases of centralized E-commerce platforms shutting down a merchant’s access to their own page, with no indication as to why. There’s nothing like your livelihood being taken away with no explanation! Consumers The illusion of low prices and product selection Prices on Amazon and other E-commerce platforms may low. But this is only because the other point of reference we can compare to is brick and mortar stores, which have huge costs to keep the store open, and thus need to charge a bit more for the products they sell. But as mentioned above, the E-commerce world has a ton of hidden fees on the retailer-side that end up getting passed to the consumer. No store, online or physical, is going to sell a product without making profit. So, if we can reduce the costs for retailers selling the product, we inevitably reduce the cost for consumers buying the product. appear And while it seems like we can buy almost anything we want online nowadays, this is also an illusion created by comparing to your local supermarket or electronics store. Say you want a custom made [insert any product here] with a few special features or add-ons. How do you go about purchasing that on Amazon or elsewhere? You be able to find a specialist somewhere in the world, but the costs of purchasing a one-off product would be exorbitant. But surely, there must be other people out there who want the same product as you. How do you band together to make a group buy to lower the cost for everyone involved? In today’s E-commerce ecosystem, you simply can’t. may No incentive to review, help, or share Traditional E-commerce platforms offer no incentive for customers to leave reviews or help brands they are already advocates for. For example, Amazon recently made drastic changes to their reviews system because it was being abused by users who would charge brands an inordinate amount of money to leave reviews on their products. Why was it being abused in the first place? Because there is no incentive for customers to take the time to leave a review, answer questions, or share the page/product with their friends. Wouldn’t it be nice to get paid for leaving in-depth reviews of a product you enjoy, or make commission from sales that were driven from a social media post you made? Blockchain to the rescue Blockchain will allow for decentralized marketplaces to emerge that, with the lack of a centralized team and the inherent costs, will provide lower prices for consumers and better rules for retailers. While some early blockchain projects such as Syscoin are creating online marketplaces, none have scratched the surface of tackling all the current issues the E-commerce industry faces. Until now. A new project called has begun preparation for their blockchain-powered marketplace and platform. The platform aims to solve all the issues described above and many, many others. ECoinmerce For retailers, the cost of selling goods on ECoinmerce will be less than 0.1% and best of all, they will have complete ownership of all digital assets including their digital storefronts, product photos/videos, and reviews. This ownership will be recorded on the blockchain and will be 100% sellable, rentable, and tradable. Additionally, retailers will be able to tokenize their store by launching Initial Coin Offerings directly on ECoinmerce. This will enable retailers to increase brand affinity, with loyal customers becoming early investors in their favorite projects. It will also deliver new revenue streams as retailers can sell their tokens alongside their products to maximize profit. For consumers, ECoinmerce will allow users to buy as groups for higher discounts, auction goods to each other, and will feature merchants’ daily deals at huge discounts. Users will also be incentivized (via token rewards and/or commission) to refer friends, share deals with social media followers, and write product reviews for any goods they’ve purchased. The project is headed by a team of experts from the E-commerce, supply chain and product development industries. They will be announcing the dates for their upcoming soon. To learn more about the project or sign up for updates you can visit , join , like them , or follow them . ICO their site their Telegram group on Facebook on Twitter

Blockchain Will Kill Traditional Ecommerce — Here’s Why

When will the travel industry recover after the pandemic? Which places will be the most attractive destinations? What are travel trends to watch in the near future and how the new tech will shape them? I had a chance to discuss those questions with Ilya Rouss, a long-time traveler, entrepreneur, founder and CEO of Teleporting, a marketplace for non-mainstream traveling experiences. Before we dive into the work you do for modern experience seekers, let’s talk about your background. Sure. I studied marketing at the University of Palermo and sports communications at the University of Buenos Aires. My first attempts at starting a business happened while I was still a student. At some point in life I combined the passion for business with my love for sports and communications and founded a media agency in 2013. The list of our clients included the Moto GP superstar Jorge Lorenzo and other pro-athletes, Formula 1, Red Bull, Yamaha, and Mercedes-Benz. As an entrepreneur, I tried my hand at different things, like opening a restaurant and starting a bike shop. All in all, I have over 15 years of experience in tech, sports marketing, computer production, and the automotive industry. At the moment I'm a partner at Xplusone APP, a company that develops mobile applications for curated marketplaces in various verticals, and a co-founder of the automotive corporation EBRO. Teleporting, a marketplace for non-mainstream traveling experiences, is the latest addition to my credentials. Where did you get the idea of Teleporting? What inspired you to create an app that connects people with travel companies and amusement and travel providers? Well, there are a few things that inspired me to create Teleporting. First of all, as a devoted traveler, I see how the traveling sector is slowly but surely recovering after the COVID-19 pandemic. I see how I can assist this growth. After the long months of lockdowns, people are now hungry to experience the outside world, and I can relate to this. Secondly, I can tell that modern travelers, mostly Millennials and Gen Zs, have changed their views on what they expect from a proper trip. They are used to organizing their lives with the help of technology but they want to have real-life experiences which they now appreciate much more than before the pandemic. Actually, there's a proving that experiences – good memories about them, to be more exact – bring more long-term satisfaction than acquiring new material possessions. study Besides, it's impossible to impress these travelers with, let's say, just a view of the Eiffel Tower because it's very likely that they've already seen it either in real life or on the internet. They want something deeper and more exclusive. To conclude, I want to mention my strong belief that people thrive from offline communication with each other. We are still looking for meaningful connections and interesting people. Recently there was showing that the best way for people to socialize is to do it in-person because it brings more joy than socializing online. In addition, a few years ago there was a saying we become happier from experiences exactly because they let us connect with others. research study The app allows like-minded people to connect online and share their adventures offline using the "Experience Sharing" concept. Can you explain how it works? Teleporting allows travelers to both invite friends to share experiences and create new connections by joining group experiences with other users of the app. When you decide to book an experience, you get access to the chat with other participants, so that you can communicate before the shared adventure and exchange photographs and videos in the process and after it. Who’s your target audience? How does your app protect users' personal data? We see modern travelers as our target audience. They are mostly Millenials and Gen Zs, often they are digital nomads with a remote job. They are on good terms with technology and use it on a daily basis. They appreciate the opportunity to get immersed into experiences and are eager to meet like-minded people. On Teleporting, users decide themselves what data they share with others. We don't give their data away to third parties, except the necessary minimum we need to share with the experience providers on the platform. Teleporting is fully compliant with GDPR and other local regulations on data protection. What makes Teleporting different from other popular solutions? We focus on exclusive tours, unique experiences, and non-mainstream venues. Moreover, we manually moderate offers which get on the platform to make sure that everything is up to our quite high standards. It's not that Teleporting simply connects experience providers with experience seekers, we want our travelers to enjoy the process right from the moment they join the app. And, of course, we promote socializing and help people find new buddies and strengthen the existing relationships through traveling. How can digital nomads, travelers, and local economies benefit from your marketplace? Let's skip the benefits that I already mentioned and focus on local economies. Our main aim is to provide travelers with unique and exclusive experiences that are almost never included in an average package tour. Access to non-mainstream locations, rare excursions, and deep cultural knowledge of any given country or a region can be granted only by turning to its natives and small local businesses. So, by this, we also promote sustainable traveling. Why does empathy matter so much in the travel industry? Empathy matters everywhere. However, if we talk about the travel industry, it's all about people connecting and communicating with each other. Moreover, these people belong to different cultures and traditions which makes empathy even more crucial. Even if you are highly introverted and travel solo, you have to contact those who help you along the way – airport and hotel staff, sellers on a local market, tour guides, etc. If you are on the side of those who provide services for travelers, you also need empathy because, actually, travelers are in a vulnerable position because they immerse themselves into unfamiliar circumstances and depend on you. What are the most powerful current travel tech trends that will also affect offline tourism? Well, many experts are talking about airports and hotels becoming better technologically equipped in the nearest future. It will make traveling more convenient and comfortable. I especially like the fact that there are tech companies, like SITA and Roadie, aiming to improve the experience with lost luggage. Probably, at some point this issue will be gone completely due to technological solutions. I'm also quite enthusiastic about VR and AR. Just imagine that you can explore hotel rooms in VR before booking or try on some medieval jewelry from a museum's exposition with the help of AR. What are the next goals for Teleporting? Are you planning to add new features? We are quite ambitious regarding our plans for this year and I will be glad to share the results with you once all Teleporting features are fully active. Every start-up has its own milestones to cross and challenges to overcome. As for now I am happy with the direction we are talking and with the team of professionals involved in the project.

Ilya Rouss: “Travel Trends to Watch: digital nomads, non-mainstream places, local economies growth”

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When we talk about "public relations," many of us immediately think of getting featured in big media outlets. While that's important, in today's world where we spend most of our time on our phones, what really matters is how many people share and repost our content – that's what we call organic reach. This is where thinking outside the box becomes invaluable. Unconventional campaigns often tap into our innate desire to share something remarkable or amusing with our friends. According to The New York Times, people primarily share on social media to inform, entertain, and assist others. Understanding this psychology is crucial for effective PR strategies. Before delving into unconventional tactics, however, there are fundamental rules that must be observed, regardless of the chosen approach. Know Your Audience: Understanding your audience is paramount before initiating any PR efforts. Identifying who you're trying to reach and what resonates with them lays the foundation for successful engagement.
Be Authentic: Authenticity is key. Rather than emulating others in the market, stay true to your brand's values. Implementing tactics incongruent with your brand identity can do more harm than good.
Stay Relevant: Relevance is essential. Aligning your messaging with current societal trends and your audience's interests prevents missteps that could lead to a crisis. Now, let's talk about some sneaky tactics you can try to boost your PR game: Creative Job Postings Get creative with your job postings. For example, take a look at a hilariously catchy Fiverr’s “Another Generic Recruitment Video”. This job posting triggers potential candidates’ interest, corresponding with the company's mission to change how the world works together. Catchy phrases and unconventional ideas became an example for any company, striving to stand out. Unique job postings garner significant organic traction, boosting awareness of your company's culture and creativity. This marketing strategy resulted in the video gaining more than 230 thousand views. Attention-Grabbing Products Embrace creativity in product promotion. The average attention on screen has decreased by 69% since 2004. Thereby, entrepreneurs are forced to compete for clients’ focus and attention. Take a cue from Stanley, the brand behind usual water bottles. Founded in 1913, the company was not in demand until Terrance Riley came on stage. He changed Stanley’s marketing approach. The company made Quencher its main product and promoted it as an item of self-expression. Bottles of an unusual form and of different colors went viral, increasing sales 10-fold. Developing the identity of your product and using viral moments can make your brand more relatable and shareable. Publicity Stunts While more challenging, well-executed publicity stunts can yield remarkable results. Think outside the box to craft attention-grabbing campaigns. The startling example was demonstrated to the PR community by WePay. The attention-grabbing move of leveraging a 300-kg block of ice has become an excellent example of situational marketing, giving the company an opportunity to outplay its competitor PayPal. This PR-stunt not only triggered the emotions of WePay users but also emphasized the pain points of PayPal, whose accounts were frozen at the moment. As a result, the stunt led to a 225% increase of sign-ups on WePay. Leveraging Technology Harness the power of technology to captivate audiences. Integrating AI and CGI into visual content can create a mesmerizing effect, captivating viewers' attention and encouraging prolonged engagement. Artificial intelligence has become an integral part of marketing, actively introducing itself into various fields of activity. With the development of machine learning technologies, data analysis and process automation, the impact of artificial intelligence on modern marketing is becoming more diverse and effective. In some companies, AI for marketing and sales has already become an indispensable assistant: 35% of businesses already use AI and 42% use it to reduce costs. Recent studies show that by 2030, AI will generate more than USD 15 trillion for the global economy and boost local economies by as much as 26%, also improving the effectiveness of interaction with consumers and helping companies better understand their needs. The triumphant advance of artificial intelligence is demonstrated to us by Jacquemus. The brand posted an Instagram reel of what appeared to be its Bambino bags cruising the streets of Paris. Initially, many users were unsure whether it was AI, CGI, or an authentic scene. Nevertheless, the video garnered over 48.7 million views, 114k reposts, and received extensive coverage in the media. In conclusion, unconventional PR tactics offer a refreshing approach to engage audiences in today's digital landscape. By embracing creativity, authenticity, and relevance, brands can effectively cut through the noise and leave a lasting impression on their target audience. When we talk about "public relations," many of us immediately think of getting featured in big media outlets. While that's important, in today's world where we spend most of our time on our phones, what really matters is how many people share and repost our content – that's what we call organic reach. When we talk about "public relations," many of us immediately think of getting featured in big media outlets. While that's important, in today's world where we spend most of our time on our phones, what really matters is how many people share and repost our content – that's what we call organic reach. This is where thinking outside the box becomes invaluable. Unconventional campaigns often tap into our innate desire to share something remarkable or amusing with our friends. According to The New York Times , people primarily share on social media to inform, entertain, and assist others. Understanding this psychology is crucial for effective PR strategies. The New York Times The New York Times Before delving into unconventional tactics, however, there are fundamental rules that must be observed, regardless of the chosen approach. Know Your Audience: Understanding your audience is paramount before initiating any PR efforts. Identifying who you're trying to reach and what resonates with them lays the foundation for successful engagement. Be Authentic: Authenticity is key. Rather than emulating others in the market, stay true to your brand's values. Implementing tactics incongruent with your brand identity can do more harm than good. Stay Relevant: Relevance is essential. Aligning your messaging with current societal trends and your audience's interests prevents missteps that could lead to a crisis. Know Your Audience: Understanding your audience is paramount before initiating any PR efforts. Identifying who you're trying to reach and what resonates with them lays the foundation for successful engagement. Know Your Audience: Be Authentic: Authenticity is key. Rather than emulating others in the market, stay true to your brand's values. Implementing tactics incongruent with your brand identity can do more harm than good. Be Authentic: Stay Relevant: Relevance is essential. Aligning your messaging with current societal trends and your audience's interests prevents missteps that could lead to a crisis. Stay Relevant: Now, let's talk about some sneaky tactics you can try to boost your PR game: Creative Job Postings Creative Job Postings Get creative with your job postings. For example, take a look at a hilariously catchy Fiverr’s “Another Generic Recruitment Video”. This job posting triggers potential candidates’ interest, corresponding with the company's mission to change how the world works together. Catchy phrases and unconventional ideas became an example for any company, striving to stand out. Unique job postings garner significant organic traction, boosting awareness of your company's culture and creativity. This marketing strategy resulted in the video gaining more than 230 thousand views. Attention-Grabbing Products Embrace creativity in product promotion. The average attention on screen has decreased by 69% since 2004. Thereby, entrepreneurs are forced to compete for clients’ focus and attention. Take a cue from Stanley, the brand behind usual water bottles. Founded in 1913, the company was not in demand until Terrance Riley came on stage. He changed Stanley’s marketing approach. The company made Quencher its main product and promoted it as an item of self-expression. decreased Bottles of an unusual form and of different colors went viral, increasing sales 10-fold. Developing the identity of your product and using viral moments can make your brand more relatable and shareable. increasing Publicity Stunts Publicity Stunts While more challenging, well-executed publicity stunts can yield remarkable results. Think outside the box to craft attention-grabbing campaigns. The startling example was demonstrated to the PR community by WePay. The attention-grabbing move of leveraging a 300-kg block of ice has become an excellent example of situational marketing, giving the company an opportunity to outplay its competitor PayPal. This PR-stunt not only triggered the emotions of WePay users but also emphasized the pain points of PayPal, whose accounts were frozen at the moment. As a result, the stunt led to a 225% increase of sign-ups on WePay. increase Leveraging Technology Leveraging Technology Harness the power of technology to captivate audiences. Integrating AI and CGI into visual content can create a mesmerizing effect, captivating viewers' attention and encouraging prolonged engagement. Artificial intelligence has become an integral part of marketing, actively introducing itself into various fields of activity. With the development of machine learning technologies, data analysis and process automation, the impact of artificial intelligence on modern marketing is becoming more diverse and effective. In some companies, AI for marketing and sales has already become an indispensable assistant: 35% of businesses already use AI and 42% use it to reduce costs. Recent studies show that by 2030, AI will generate more than USD 15 trillion for the global economy and boost local economies by as much as 26%, also improving the effectiveness of interaction with consumers and helping companies better understand their needs. use studies The triumphant advance of artificial intelligence is demonstrated to us by Jacquemus. The brand posted an Instagram reel of what appeared to be its Bambino bags cruising the streets of Paris. Initially, many users were unsure whether it was AI, CGI, or an authentic scene. Nevertheless, the video garnered over 48.7 million views, 114k reposts, and received extensive coverage in the media. In conclusion, unconventional PR tactics offer a refreshing approach to engage audiences in today's digital landscape. By embracing creativity, authenticity, and relevance, brands can effectively cut through the noise and leave a lasting impression on their target audience.

Attention-grabbing PR Tactics for the Digital Age: How to Boost Organic Reach

You can jump to any part of the United States International Cyberspace & Digital Policy Strategy here. This part is 13 of 38. Line of Effort 2: Further Common Understandings and Shared Principles for the Secure Use and Trustworthiness of Cloud Services, Data Centers, and Related Infrastructure Technologies Cloud computing has become an essential enabler of the digital transformation of economies and businesses. By providing on-demand access to scalable computing resources in a reliable and cost-effective manner, cloud services allow governments and businesses to deliver more secure and resilient services to their citizens and customers. Moreover, cloud services were proven to be a strategic asset as Russian forces physically destroyed Ukrainian facilities holding critical data. Migration of government information technology infrastructure to the cloud improved resilience and preserved information essential to the operation of the economy and government. U.S. cloud computing and data center firms compete globally and offer services to a broad international customer base while, in parallel, the United States government actively partners with foreign governments to promote the fair and safe use of cloud computing resources. At the same time, providers from authoritarian states are globalizing, and they are often more responsive to short-term local economic development goals, providing packages that include financial subsidies, local cloud infrastructure, and workforce training. Cloud services and data centers are also a source of tension with close trade partners. Some have threatened to exclude U.S. cloud providers from their markets in part because of concerns about access to and control of data, despite the U.S. Clarifying Lawful Overseas Use of Data (CLOUD) Act providing for agreements to allow for consistent protections based on the rule of law. The Department of State is committed to reaching a common understanding with our international partners on the fair and safe use of cloud computing resources. In addition, the Department of State will work with international partners and the private sector to address the costs and increase support for building secure cloud infrastructure in emerging economies. DCCP is reinforcing these efforts through the support of feasibility studies, reverse trade missions, financing, and training programs, such as training grants in the Philippines to support the provision of cloud computing capabilities. Continue Reading Here. This post was originally published on May 6, 2024, by the U.S Department of State You can jump to any part of the United States International Cyberspace & Digital Policy Strategy here. This part is 13 of 38. You can jump to any part of the United States International Cyberspace & Digital Policy Strategy here . This part is 13 of 38. here Line of Effort 2: Further Common Understandings and Shared Principles for the Secure Use and Trustworthiness of Cloud Services, Data Centers, and Related Infrastructure Technologies Cloud computing has become an essential enabler of the digital transformation of economies and businesses. By providing on-demand access to scalable computing resources in a reliable and cost-effective manner, cloud services allow governments and businesses to deliver more secure and resilient services to their citizens and customers. Moreover, cloud services were proven to be a strategic asset as Russian forces physically destroyed Ukrainian facilities holding critical data. Migration of government information technology infrastructure to the cloud improved resilience and preserved information essential to the operation of the economy and government. U.S. cloud computing and data center firms compete globally and offer services to a broad international customer base while, in parallel, the United States government actively partners with foreign governments to promote the fair and safe use of cloud computing resources. At the same time, providers from authoritarian states are globalizing, and they are often more responsive to short-term local economic development goals, providing packages that include financial subsidies, local cloud infrastructure, and workforce training. Cloud services and data centers are also a source of tension with close trade partners. Some have threatened to exclude U.S. cloud providers from their markets in part because of concerns about access to and control of data, despite the U.S. Clarifying Lawful Overseas Use of Data (CLOUD) Act providing for agreements to allow for consistent protections based on the rule of law. The Department of State is committed to reaching a common understanding with our international partners on the fair and safe use of cloud computing resources. In addition, the Department of State will work with international partners and the private sector to address the costs and increase support for building secure cloud infrastructure in emerging economies. DCCP is reinforcing these efforts through the support of feasibility studies, reverse trade missions, financing, and training programs, such as training grants in the Philippines to support the provision of cloud computing capabilities. Continue Reading Here. Continue Reading Here . Here This post was originally published on May 6, 2024, by the U.S Department of State This post was originally published on May 6, 2024, by the U.S Department of State by the U.S Department of State

Strengthening Cloud Security through Collaborative Global Efforts

Autonomy in the Workplace What might a look like?  What is needed for decentralized organizations to actually make it? workplace of the future Decentralized Organizations 💪 Are you willing to work hard?  Go work for a . startup organization 🦥 Are you hardly willing to work?  Go work for an established organization. 🥥 Are you a crazy coconut?  Go work for a . decentralized organization Decentralized organizations offer lots of autonomy, but they lag behind traditional organizations when it comes to actually getting work done effectively and efficiently.  As we move from traditional organizations towards decentralized organizations, which benefits should be kept, and which problems should be avoided? Benefits of Traditional Organizations 👍 Traditional organizations (at least some of them) have proven to be .  They have existing systems and standards in place that ensure that things are running smoothly. highly efficient helps move things forward faster, even when several people lower in the organization’s hierarchy disagree with the decisions. Hierarchical decision-making Traditional organizations can hire , and fire lack of talent.  This is mostly done through traditional legal contracts. top talent Disadvantages of Traditional Organizations 👎 Yes, some organizations actually give workers freedom and autonomy to make their own decisions and changes, but that’s not the situation in most traditional organizations.  They are rather the exception. Lack of autonomy. It is not uncommon to have managers and middle managers barely do any work at all, and still get paid more than people working closer to the actual value creation. Unfair compensation. People unwilling to work can get away with it if there is no transparency for other members of the organization. Lack of transparency. Enter Decentralized Organizations 😎 In a decentralized organization, people have autonomy.  They can launch new projects without asking a boss for permission.  They can work full-time, or they can work part-time, or not at all.  The choice is theirs. And since there is no longer a CEO figure on top of a hierarchy guiding everyone on the same direction, decentralized organizations can quickly get chaotic and slow.  One of the largest challenges of a decentralized organization is achieving autonomy having all the autonomous groups moving in the same direction: and To achieve this, all the groups need to agree on the organization’s vision as a .  Yes, each group can operate autonomously, but they must all be part of a . cultural whole cultural whole Cultural Whole 🧫 “A local economy that’s as self-sufficient as possible while still being part of a —a holon—thus creating a resilient civilization that has no central points of failure.  And which through its very structure promotes democracy.” cultural whole If incumbents try to take out a decentralized organization by disabling one of its groups, the decentralized organization could continue to exist if its groups are designed to be self-sufficient and to operate autonomously. This translates to an organizational structure where the infrastructure provided by the top-level organization is minimal, and more cultural than tangible.  This means that the cultural whole is not a centralized group of people, and it’s not something physical or digital that can be broken.  Instead, it’s something more like a mindset.  A shared dream, or a shared culture. Lost Potential 🤯 A workplace would lose out on a lot of great things if its people possess talent that is not allowed to flourish.  A hierarchical leadership structure tends to stifle innovation by not allowing employees to try new things without approval from their boss.  Some companies understand that this is a problem, and implement measures to prevent it from happening.  Amazon is one example of this, where the boss/employee relationship is turned upside-down: whenever a new idea is suggested the default answer must be “yes” — biasing the company towards pursuing new ideas. If a manager wants to say “no” to a new idea, they are required to write a thesis, post it internally and rigorously defend their position. A decentralized organization with autonomous groups (and individual autonomy within each group) adopts this “ principle, which is great for giving people the freedom and autonomy needed to carry out their ideas. yes” by default Autonomy + Cultural Whole 🫠 How can an organization give its groups and people full autonomy, while at the same time achieving collective productivity? We can imagine an AI system that keeps track of each autonomous group.  Instead of a human on top directing each group, a AI system could be the entity that ensures that the groups move in a direction that aligns with the cultural whole. decentralized The AI would regularly communicate with the groups to check which direction they are moving in and at which speed.  If the AI detects that some of the groups are starting to veer off course (relative to the cultural whole), the AI will nudge them in the right direction.  The autonomous groups could also be incentivized to move in the direction of the cultural whole by providing financial rewards only to those that move in the correct direction, and by providing additional rewards to those that move at a higher speed. For this to work, the organization’s culture needs to be defined in a way that enables an AI system to determine whether or not an autonomous group is in alignment with the cultural whole, as well as measuring how fast they are progressing.  This is an area that will require more research and development as we continue to explore workplaces of the future.

The Future of Work: Embracing Autonomy in Decentralized Organizational Structures

Forget "swipe right" and "add to cart" because, in 2024, your next click might change the world! That's right, your everyday payment choices - whether tapping your phone at the register or clicking "pay" online - hold more power than you think. Don't believe it? Let's dive in! Laura Nixon, a Fintech Knowledge Director, predicts: "2024 will be an important year for the global fintech industry. Despite the increasingly complex regulatory framework, there is fertile ground for both innovation and growth.” Why Do Your Clicks Count? In 2024, your payment choices are like tiny votes shaping the world around you. Sounds crazy, right? But hear me out. Every Click Counts Because It Fuels Trends: : Every purchase at an eco-friendly brand or one with fair labor practices sends a message. Your clicks tell companies what matters to you, pushing them to be better. Ethical Shopping : like Bitcoin might seem like digital hocus pocus, but your decision to invest (or not) influences their future. Remember, early adopters often shape the trajectory of new technologies. Investing in the Future Cryptocurrencies Ever love the speed and ease of instant settlements? You're not alone! But convenience can come at a cost. Your choice to use them helps shape how payments evolve, with potential impacts on privacy and responsible spending habits. The Power of Convenience: Don't Underestimate Your Power: With social media and , your opinion can reach far and wide. Share your experiences with companies you support (or don't!), encouraging others to join the movement for positive change. In the digital age, consumers have a voice: online reviews Every ethical purchase, every conscious click, contributes to a larger movement towards a more sustainable and responsible future. You might not see the immediate impact, but trust me, it's there! Small choices, big ripples: Your Click's Footprint: Impact of Payment Choices Choice Environmental Impact Social Impact Economic Impact Supporting sustainable brands Reduced carbon footprint, responsible resource use Improved working conditions, ethical sourcing Higher prices, limited availability Choosing local businesses Lower transportation emissions support the local economy Stronger communities, job creation May have less variety, potentially higher prices Using cashless options Less paper waste, the potential for financial inclusion Increased reliance on technology, the potential for the digital divide Faster transactions, convenience Avoiding impulse buys Reduced resource consumption, less waste Less debt, improved financial stability Requires discipline, may need budgeting tools Investing in ethical funds Promotes sustainable practices, avoids harmful industries Supports positive social changes, aligns with values Higher fees, risk of underperformance Futuristic Approaches & Potential Issues Forrester's Jacob Morgan added:
"The payment experience is more important than the payment itself. This includes value-added services and how payments are used. This is where the intelligent will focus in 2024." Now, let's explore the payment trends shaking things up in 2024! 1. Crypto Craze: The Double-Edged Sword: Ever heard of Bitcoin or Ethereum? These digital currencies are all the rage, promising peer-to-peer transactions without banks. Sounds cool, right? But hold on a second. While crypto offers speed and freedom, it's also a rollercoaster ride. Values can fluctuate wildly, and security breaches are still a concern. Think "decentralized finance" sounds amazing? Do your research! 2. Biometric Boom: Fingerprint Magic or Privacy Panic? Imagine paying with your face scan or fingerprint! That's the future with . Convenient, yes, but privacy concerns loom large. Who has access to your data? How secure is it? Remember, convenience shouldn't come at the cost of your personal information! biometric payments 3. Instantaneous Payments: Speed Demon or Spending Spree? Gone are the days of waiting for transactions to clear. Now, with services like Zelle and Venmo, you can get instant gratification. While this is super handy, it also removes the buffer between impulse and purchase. Be mindful, folks! Don't let instant payments lead to instant regrets. Trending Payment Methods Method Trend Impact Actionable Tip (Bitcoin, Ethereum, etc.) Cryptocurrency Rising popularity, but volatile; regulatory uncertainty Decentralized finance, faster transactions (potential), investment potential Research before investing, understand risks, choose trusted exchanges (Fingerprints, facial scans) Biometric Payments Emerging technology, gaining traction Convenient, secure (potentially), but privacy concerns Choose trusted providers, be mindful of data sharing, and understand how your data is used (Faster transaction processing) Instant Settlements Gaining traction, potential for impulse buys Faster checkouts, but risk of overspending Set budgets, track spending, avoid impulse purchases Buy Now, Pay Later (BNPL) Surging growth, responsible spending needed Flexible payment options, but potential debt traps Use responsibly, understand repayment terms, avoid overspending Central Bank Digital Currencies (CBDCs) Pilot programs underway, potential impact on financial systems Potential for financial inclusion, but regulatory uncertainty Stay informed about developments, consider potential benefits and risks Future Clicks: Emerging Payment Trends to Watch Trend Description Potential Benefits Potential Drawbacks Tokenized Payments Digital tokens representing currency, faster transactions Enhanced security, convenience, loyalty programs Risk of data breaches, limited adoption Open Banking Third-party access to financial data with user consent Personalized financial products, improved services Privacy concerns, security risks Internet of Things (IoT) Payments Seamless payments through connected devices Convenience, faster transactions Security vulnerabilities, reliance on technology Social Commerce Payments In-app purchases on social media platforms Streamlined buying experience, targeted advertising Data privacy concerns, potential for addiction Subscription-Based Services Recurring payments for access to goods or services Predictable budgeting, convenience Difficulty canceling, risk of overspending But Hey, It's Not All Doom and Gloom! These trends bring exciting possibilities: Reaching unbanked populations with digital currencies. Financial inclusion: Streamlining business and reducing waiting times. Faster transactions: Biometric payments can potentially be more secure than traditional methods. Enhanced security: Making Informed Choices & Solutions: Here's how to navigate the future of payments like a financial ninja: ️ Don't just add to the cart blindly! Spend a few minutes researching the brands you support. Are they eco-friendly? Do they treat workers fairly? Every click sends a message, so make sure it aligns with your values. Become a Company Detective: Feeling the post-shopping blues? Time to embrace conscious spending! Budgeting apps and mindful tracking can help you avoid impulse buys and stay on top of your finances. Informed clicks lead to financial freedom! Budget Like a Boss: New payment trends are popping up faster than you can say "cryptocurrency." While they offer convenience, staying informed about their potential downsides (like crypto volatility or privacy concerns with biometrics) helps you make informed choices. Knowledge is power, friends! Stay Tech-Savvy: Pro Tip! Don't be afraid to experiment! Trying new payment methods can be fun and insightful. Just remember to research first and prioritize responsible spending habits. By following these tips, you'll transform from a casual clicker to a super-powered consumer, using your financial power to create positive change! Want to Be a Click-Conscious Consumer? Here's The Takeaway: Before "adding to the cart," peek behind the curtain. Are companies aligned with your values? Do they treat workers fairly and prioritize sustainability? Research matters: Ditch impulse buys and embrace budgeting tools. Every click counts, so make them meaningful! Mindful spending is magic: The future of payments is fascinating (and ever-evolving). Monitor new trends and their potential impact, good or bad. Stay informed: Join the Conversation! What are your thoughts on the impact of payment choices? Which trending payment methods excite or concern you? Share your tips for mindful spending and values-driven purchasing!

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