8 Computer solutions at the forefront of the new economy

In recent years, we have seen new and attractive technologies that promise a more decentralized and secure economy. In this article, I have included some of the key players in this emerging market.

1. Golemi

Golem is an open source, decentralized computer network.

How Golem works

The Golem Network is a marketplace for computing power, where users can earn by ‘renting’ their machines or developing and selling software.

Within the network, IT lease users are called “providers” and power users are called “seekers”. Researchers use Golem for a variety of purposes, including graphic processing, data analysis, microservices, and machine learning.

Benefits

  • Division of labor means that tasks can be completed simultaneously, thus enabling shorter timeframes for projects.

  • The cost of doing business is less than cloud-based services.

  • Users can be instantly paid for their work with the Golem Network Token (GTM), a token in the Ethereum blockchain.

  • Golem is building their entire pile from the bottom up, an approach that usually results in excellent UX.

2. iExec

IExec is a decentralized marketplace for cloud services focused on blockchain-based distributed applications and affordable, high-performance computing.

iExecc Dapps

Unlike Golem, iExec (since the release of its v1) allows anyone to develop and run applications.

The iExecc Dapp Store features a variety of applications. Given the experienced team behind iExec, their reason for choosing the Dapp path is that there is less competition here. Once deployed in Dapp’s decentralized marketplace, iExec plans to expand into decentralized computerized tasks.

RLC

RLC stands for ‘Runs on Loot of Computer’, and is the native trademark of iExec. There are currently 87 million ERC-20 mark in circulation.

3. Ethereum

Ethereum is an open source, blockchain-based platform that enables users to build decentralized applications. The calculations are performed in an isolated environment called the Ethereum Virtual Machine that resides on all nodes connected to the network. The product of the calculations is stored in the blockchain.

Ethereum Blockchain Features

Ether

Ether is the currency of the Ethereum chain block. Encrypted coins ETH (Ethereum Hard Fork) and ETC (Ethereum Classic) are two Ether values.

Smart contract

EVM is capable of executing a “smart contact”, an algorithm that automatically stores and executes agreement terms. Both parties involved in a transaction agree to the terms written in the intelligent contract.

Bitcoin vs Ethereum platform

Blockchain Bitcoin focuses on a range of predefined operations, such as Bitcoin transaction tracking, while Ethereum allows users to execute code of any complexity, making it suitable for any decentralized application, including cryptocurrencies.

Consensus Mechanism

Computing on the Ethereum network costs more and requires more than one standard computer due to computing parallelism. To maintain consensus, all participants must agree on the order of all transactions that have taken place, regardless of whether they have participated in the transaction or not.

Ethereum nodes maintain the latest status of each intelligent contract, along with all Ether transactions. Since EVM is an isolated system, the code works without access to the network or file system. So there is limited access even between intelligent contracts.

4. Hyperledger fabric

Hosted by the Linux Foundation, Hyperledger Fabric is an open source distributed book (DLT) technology that has a modular and configurable architecture that can be used at the enterprise level in a variety of industries.

Characteristics of Hyperledger fabric

Privacy, Development and Performance

  • The Fabric platform enables allowed private operation, where operators know each other and may be bound by rules, such as a legal agreement.

  • Fabric supports intelligent contracts written in common languages, such as Java and Go, so no additional training is required to create intelligent contracts.

  • Performance is enhanced because, unlike Ethereum, only the parties to the transaction need to reach consensus.

Knots of fabrics

Also unlike Ethereum, fabric knots have different roles and tasks in the consensus process. Nodes can be clients, clients or colleagues.

Local currency

The fabric does not have a local cryptocurrency. However, the code can be used to develop a local currency.

5. Tendermina

Tendermint has a consensual blockchain engine, known as the Tendermint Core, and a generic application interface, known as the Application Blockchain Interface (ABCI). The software enables secure and stable replication of an application on many machines.

Tender core

The consensus engine Middleware Business Fault Tolerant (BFT) can safely copy the state transition machine. The medium-sized BFT company can tolerate a third of failures, including piracy attacks.

Tendermint aimed to offer a more secure and efficient consensus algorithm than Bitcoin’s PoW (Proof of Work). The software formed the basis of important research from the consensus protocol Casper team: a defect-tolerant chain, such as Tendermint, can make good decisions about who manufactures a block, while a less reliable chain results in a chicken problem, and veze.

The software is user friendly, replicates applications written in any language and has many applications.

6. Risk

Lisk is a decentralized and distributed platform that allows users to develop applications and support them with personalized blockchain.

Risk characteristics

Developers can use Lisk JavaScript (SDK) based software development kit to build both the back and front of their application. However, Lisk does not offer protection against non-dermatistic behaviors. Also, the platform can not prevent endless loops and measure memory consumption.

Lisk Consensus Mechanism

Lisk urges developers to follow the “rules” for contracts to secure consensus. For example, they ask developers to “not use Math.random ().”

7. Corda (V 3.0)

Corda is an open source, distributed book platform (DLT) serving the financial industry.

Features of Corda

The Corda network is an authorized network – it is not open to all node operators. Nodes run on Corda and CoDapps and communicate point by point with each other.

The ‘gatekeeper’ of each network sets acceptance rules for nodes that want to join the network. Like Fabric, Corda offers more privacy due to tighter log entry control and better penetration due to consensus constraint on the parties involved.

In Corda, contract developers also add legal prose to their contract. This feature consolidates the contract by legitimizing it with related legal prose. The platform does not have a native sign.

8. Rootstock

Rootstock (RSK) is an open source intelligent contract platform that is built on the Bitcoin blockchain.

Rootstock Features

Intelligent contract

RSK is enabling intelligent contract in Bitcoin network. Use the complete Rootstock Virtual Machine (RVM) for intelligent contracts. A two-way peg allows users to send Bitcoin directly to the Rootstock chain. RSK currencies can be used with smart contracts and Dapps. RSK contracts repeat the ‘Proof of Existence’, which is used to prove the existence of a document (or property right).

Security

Blockchain RSK has the mining merger, giving it the same level of security as Bitcoin in terms of solution completion and double costs.

SBTC

RSK is a Bitcoin side chain. Bitcoins in the Rootstock blockchain are called SBTC.

RSK is filling in the gaps in the Bitcoin network by enabling faster transactions. In addition to being user-friendly, it also helps to keep the Bitcoin block size within bounds.

The only failure is not participating

Instead of being interested in the idea of ​​the new economy, we should be pro-active and participate in it. Acquire the necessary skills and thrive! Despite higher expectations, the new economy is not about new technology. It has to do with knowledge, and that is why it is sometimes called the knowledge economy. Someone who can learn, organize, and apply knowledge faster than others can easily thrive in the New Economy.

The late American inventor and philosopher R Buckminster Fuller once mentioned, “The only failure is not participating.” He may have been referring to the New Economy, because in the New Economy, many things happen at the same time, such that there is none that can trace all that has happened. Also, things are happening so fast that some information has already expired when you get them.

The only way to stay up to date is to participate in what is happening around you. There are three areas in which a person must work if he or she is to truly participate in the New Economy – technology and its applications, networking and interpersonal skills, and mindsets, beliefs, and attitudes.

Technology and its Applications

The common misconception is that everyone will need to get a degree in information technology (IT) or life sciences in order to secure a job in the future. Fortunately for us, what we need is to discover the nature of each new technology that emerges and its applications.

For example, the nature of the Internet is that it is the most efficient way to communicate, distribute and operate, anywhere in the world. It eliminates most of the constraints set by geographical distances and time zones and can be integrated with a computer system to store all online activities in a database for analysis and later action.

Email is a great way to save on long distance calls. You can also use the software to list groups of people you know, such as your classmates, close friends, acquaintances, and personalize email for each group. In business, you can use the integrated features of the Internet to show you who your best customers are, what they buy, how much they buy, and so on. You can then customize emails and faxes sent to different groups of customers at very low costs.

19th century sociologist Max Weber pointed out that new technology was created because there are some things that current technology cannot achieve. It may be a long load, but participating in the knowledge contest is necessary for survival. While this new technology may create some advances that result in newer technologies, such advances will only give us value if we can understand its nature and find uses for it.

One such case is Du Pont’s invention of a synthetic fiber in the early 1970s, called Kevlar. Only in the late 1980s did some people finally understand Kevlar’s nature – strong, lightweight and flexible – and used it to make bulletproof vests and helmets.

Others realized its waterproof property and used it to make canoes, snow, motor bodies, and so on. Du Pont knew everything about Kevlar, but it took a few more people to find applications for it. Therefore, you do not have to be a rocket scientist to discover what you can do with missiles. It’s the same thing with IT and life sciences.

Networking and interpersonal skills

Networking among people can be the surest way to find business partners, investors, suppliers, clients, and even help you get the job you have always dreamed of. Networking is not a new concept. Merchants and traders from different countries and regions like India, China, Arabia and Europe had relied on personal networks to trade and build businesses for hundreds of years. Since the legal institutions of the time were not very advanced, the merchants only dealt with people they knew well, in order to avoid fraud.

Part of networking is building interpersonal relationships, and that will take some time. It should start before you even see the need for it. As best-selling author Harvey MacKay puts it, “Dig your own well before you get thirsty.” But why connect when we have access to all kinds of information globally through the internet, including checking a person’s credibility? The fact is that most capitalists will not even look at a business plan unless it is provided by someone they know personally, or by a referral through their friends.

Having strong networks can help you gain access to information that even the internet does not have access to. You will have access to the collective wisdom, that is, the combined knowledge of each individual in the network. Now if you want to find an application for a new technology, knowledge or idea, your network can only give you the answer you are looking for. Networks can be made in clubs, associations, in conversations, seminars, events, schools and in the workplace.

Thoughts, Beliefs and Attitudes

It used to occur to us that we had to study hard to get a degree so that we could find a well-paid job. True, the pay gap between a person with a degree and a non-degree in the past was large, but nowadays, the gap is narrowing. Having a degree does not guarantee success in life, but if you attend university you will learn about the nature of technology (and other things), and you will have a chance to network and test ideas.

Corporations nowadays are becoming flatter, which means that the chances of promotion are smaller, so it may not be a bad idea to consider being an entrepreneur, setting up your own shop and being your own boss. . It does not take much money, experience or expertise to be an entrepreneur. While experience in this field is required, the key ingredients will be your understanding of technology, proper market penetration, and the strength of your network. You can gain access to capital, customers, suppliers, loans and almost everything you need to start your own business.

I have a friend who sells plastic bags in supermarkets in France. My friend had lived in France for a few years, so she has a network there. The average annual sales turnover for her business in the last five years is $ 2 million ($ 3.61 million) to $ 3 million. Its costs? The bags are given as a source for production in Malaysia, where the labor force is relatively cheap. And she has only two staff in the office: her husband and herself.

My word is that it really does not take much money, experience, expertise, or even risk to start a profitable business. This brings me to the beliefs we have about money. While it is true that money does not grow on trees, it is not as hard to earn as it is made.

How much money we can make depends on the value we provide to others.

If you are able to provide more value and educate your customers that you are providing much more value compared to others, you will probably earn more money than others, regardless of whether you are a businessman or an employee. Isn’t that the main reason you are promoted and rewarded in your work as well?

I believe there is no such thing as the New or Old Economy. The same principles of effort, diligence, thrift, supply and demand, etc. apply to both notions of economics. What is new is that things are moving faster and knowledge is growing at an exponential speed. We need to change certain aspects of our lives because we can build certain skill sets that will help us thrive in an ever-changing world. It is important to dig your own well before you are thirsty, so attend before it is too late. If you do, a whole new world awaits you.

A new franchise model for baby boomers

In our new economy, so many baby boomers find it challenging to place their niche. They almost feel abandoned, even though they have laid a substantial foundation and legacy over the last 50+ years. When the economy reversed in 2005, many baby boomers were laid off or forced to close their guilds and mortar businesses and franchises. Well, the city has a new small business model, and all baby boomers have access to it!

When climate change or the financial situation threatens people, it is usually time to start taking action and get inspired. It is a pity that in order to finally realize your potential, you will need this immersion in someone’s life. These are the times when many of us are forced to learn another craft and set up neighborhoods.

Once we open up and accept the change, the fun begins!

So here it is ….

The newest model of small business today is the Internet. Follow me. The internet provides leverage for both time and money. No more time to trade money, more cool franchise investments, no more answers to the boss. The Internet allows you to do business anywhere and anywhere. Your business never sleeps. And, best of all, no overhead. If you have an online business, baby boomers have no fixed costs and unlimited income potential.

Today, there are many hidden gems and opportunities for small businesses. We need more than ever to open our minds and believe in ourselves and our abilities. This is a phenomenal time for baby boomers to take advantage of their online efforts. Leave the franchise business and save money. There is a new cowboy in town.

The S&P 500 touches on this team to win the Super Bowl

Sunday Super Bowl is just a few weeks away. Right after the big game, you will read about the Super Bowl indicator. This indicator predicts the stock market trend for the rest of 2018.

The football final seems irrelevant to the stock market. But before you decide to ignore this indicator, you should know that there is a reason that the indicator works. And since then does work, this means that we can also use the stock market to predict the outcome of the game.

The Super Bowl indicator is simple. If an Old National Football League (NFL) team wins, expect the Dow Jones Industrial Average to close for the year. If a new American Football League (AFL) team wins, wait a year below.

Economics explains why this works.

Old vs New

The NFL dates back to 1920. Her first teams included the Chicago Bears, Pittsburgh Steelers and Cleveland Browns. These are cities of the Rust Belt that flourished in 1920. Manufacturers built those cities.

The AFL played its first games in 1960. Its teams were in booming cities representing the young economy. Oakland was a technology hub and home to the Raiders. The East Coast technology center Boston became the home of the Patriots in the new league.

The Super Bowl indicator works for a reason

This indicator was accurate 75% of the time in the last 51 years.

There is a logical explanation for this historical record.

When the old economy does well, fans in those old NFL cities have good jobs. They buy high priced tickets and provide the money needed to sign great players who can bring a win.

If the new economy is doing better, teams in those cities are home to more expensive players and are more likely to win.

Manufacturing companies are the symbols of the Rust Belt economy, and these companies dominate the Dow Jones Industrial Average. A healthy productive economy boosts the old NFL and Dow teams.

Shares can predict the game

The Super Bowl indicator is not the only tool to be seen near the beginning of the year. The indicator of the first five days of January shows that if the Dow rises during the first five days of the year, the index closes above about 83% of the time.

Combining the two ideas, we can predict the winner based on the first five days of January. The history record here is better than tossing a coin. The first five days correctly called the Super Bowl 61% of the time.

This year, the first five days were over. That tells us to expect an old NFL team to win the Super Bowl.

For now, the odds makers favor the Minnesota Vietnam and New England Patriots to meet in the Super Bowl. If they are correct, and this is the match, the Vikings are the favorites based on the First Five Days.

Strategies for finding success in finding a job in the new economy

I read in the news that Apple announced that it had sold more than five million of its new iPhone 5, just three days after its launch, and to sweeten the demand for Apple products, more than 100 million of Apple’s newest operating system devices were updated.

Apple’s success is important evidence that the Internet has captured a new economy. The latest trend in the use of social networks for job search has shifted to a dynamic pace. Smart job seekers know that when looking for a job they can’t rely only on traditional ways.

Traditional job search includes strategies such as searching for advertisements in newspapers, searching for messages “need help” on bulletin boards, moving to recruitment agencies or employment, and writing job applications directly in the company. All of these traditional ways of finding a job involve a person’s response to a job that has already been publicly offered.

While traditional techniques are still needed, creative, well-informed and socially savvy online job seekers will take a step forward to stay ahead of the competition by creating an online presence to appeal to more promising employers. This is because they know that more and more recruiters are using the Internet as a place to search for talent and conduct background searches. This trend will increase over the years.

Here are three ways to use social media to increase your job search success:

1) Create your online presence on social networking sites.

Make it easy for employers to find you online and thus open the door to new employment opportunities. Without an online presence you will not seem as relevant as those who have, and you will be passed on to smarter applicants who see online. Creating an online presence includes

  • LinkedIn is a networking tool for professional connections. Also used to recommend job candidates, industry experts and business partners. Employers use LinkedIn as a search tool to find talent, and job seekers use it to use their network to support their search.
  • Twitter – social networks and instant messaging that allow users to post 140-character updates. An employer can use Twitter to post job opportunities.
  • Facebook is a social network that connects people to keep up with friends and share ideas. Depending on the level of privacy, some applicants have successfully secured a job through their Facebook network.

2) Create a blog to showcase your experience

Another good way to further enhance your image and demonstrate your experience, experience and passion in a particular field is to create an updated blog. Keep it professional, creative and update with content for readers. The articles you post may contain tips and advice on issues pertaining to your area of ​​expertise, and remember that everything you write and post online is submitted for consideration.

3) Marketing on YouTube and Pinterest

Experienced online job seekers use video marketing to promote themselves. It is a creative approach to job search that is becoming more common in the social media arena. You can create a video resume, such as a short and traditional video, that includes an overview of your work experience, education, and skills.

Although Pinterest is not a network platform because it does not allow direct communication, it is becoming increasingly popular among businesses. It is a powerful tool to demonstrate your knowledge, organizational skills and creativity to prospective employers. You can create boards that relate to specific skill sets that you have, and use it as a portal to link to the work you want to demonstrate – for example, in an online portfolio.

4) Online resume

In the new economy this has changed the way employers view resumes, the Internet has also allowed job seekers to post their resumes online on their own hosted sites. This change is especially helpful to those people whose resume presentations will be greatly improved through the ability to enjoy the graphics and interactive features that an online resume can provide on a personal website.

In short, in these times a paper resume is not enough. It is important to be creative, and a well-designed electronic or online version of a resume, combined and linked to a strong social media profile, is usually ideal for a successful job search.

5 Website Improvement Ideas for the New Economy

Over the past few months, we have all been focused on passing the pandemic healthy and safe. If you’re a small business owner, you’re also trying to survive and thrive – whether you’re creating or updating an e-commerce website, selling a new product that’s in demand, or offering delivery or delivery to customers.

The pandemic has forever changed some of the ways we approach and sell to customers. Are you keeping up with this new economy or are you leaving?

This week, I’m sharing a few ways to improve website content to help you move from COVID-19 crisis mode to recovery mode and beyond.

Here are 5 things to focus on to help improve your website content:

1. Keep being compassionate.

Empathic marketing is essential if you want to reach real customers.

According to this current study, 76% of people took on new habits, behaviors and procedures during COVID-19. And among those respondents, 89% said they plan to keep at least some new habits.

Put yourself in the place of your customers. Be friendly and understand your client’s emotional level.

Whether you write resourceful blogs to help people use your products, or offer additional customer support to quickly answer questions, provide valuable content and support that best suits your target audience.

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READ: “The Importance of Compassion-Based Marketing” on our website:

When I say the word “empathy,” what do you associate it with? Kindness with a family member going through a hard time? Supporting a partner when they had a bad day? Do you come up with an example related to business?

I’m going to guess that a lot of people don’t associate “empathy” with buying or selling. Unfortunately, many brands don’t either!

But as we move forward from COVID-19, empathy-based marketing isn’t just the right thing to do, it’s now what your customers are waiting for.

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2. Review your SEO strategy.

It’s important to think of SEO as a constant opportunity, and when we leave the shelter at home, it’s time to look at it again. From the most important keywords to your metadata do you most effectively reach your potential customers?

Not surprisingly, the organic search for health-related keywords is increasing. Also on the rise are online fitness classes such as Daily Burn, a video workout provider. Data show that its traffic has increased by 310% as people who are in quarantine are looking for ways to work from home.

To choose new keywords, think about what questions people will ask. For example:

  • Do you offer contactless delivery?

  • What hours do you work?

  • Is a tipper truck available?

We have directed the client’s SEO strategy to virtual offerings. Kim Mittelstadt of Blend Image & Style has decided to close its store due to the COVID-19 crisis and instead provide online makeup services. As a result, we’ve added more keywords related to its virtual services, expanding the reach of its brand to a more global audience.

By using the right keywords in the content of your site, you can make your site unique and increase relevant traffic.

3. Update photos.

As part of your responsive marketing strategy you also need to fake photos. For example, if you have switched most of your services to virtual, the crowd of people at the conference will not send the right message.

One of our clients, Theater of Young Actors, which has offered personal theater camps for young people for the past 19 years, had to quickly post a landing page showing their virtual camp offerings this summer.

Similarly, if you originally modified a copy of the site to include virtual services and now see customers in person again, you may want to replace those photos with images that show, for example, customer interactions in your store.

4. Immerse yourself in your data.

One of the best ways to get ideas for improving websites is to find out what visitors like and dislike by carefully studying your data. By looking at Google Analytics, you will see how visitor behavior affects your statistics.

You’ll be able to see things like how long people spend on your site as a whole, as well as on certain pages where your traffic comes from (like a referral from Facebook or someone who enters the keyword by which you rank) and which content is the most (and least) popular.

Hiring a boutique marketing agency is the perfect way to get attention and gain the deepest insight into your data, allowing you to better serve your customers.

5. Educate your audience.

One of the best ways to improve a business website is to offer people timely answers to their questions. And I’m not just talking about your marketing materials such as your blog or sales pages.

Having a special page of frequently asked questions that gives people the answers they are looking for is a good idea.

For example, WorkSafeBC has created an in-depth resource that supports employees and employers who have questions and concerns about returning to work after self-isolation.

Remember, it’s not just a return to regular business, especially when we go out to local restaurants, pubs, salons and retail stores. People will take care of their health and safety, and the more you can make them free, the more successful you will be.

Like everything, proper planning as you exit a pandemic is critical to your business success.

Communicate frequently and honestly with your customers, look for ways to continually improve the content of your site and make sure you use empathy-based marketing.

I hope you implement these strategies as soon as possible to better position your business as we emerge from this crisis. This is your opportunity to move forward as a successful small business owner, and these ideas for improving websites can certainly help.

Want to make a MINT in this new economy?

Returning to business in a slower economy gives us a huge opportunity to improve our tools for business growth. We can use this breathing space in the economy to strengthen our core skills and knowledge to survive and thrive in difficult times. As I always say, you can’t build a castle on sand. Strengthening your foundation will help you make a MINT in this new economy. Here’s how you can make money in this new savings:

Mentor – find and work with a great teacher; someone who has gone through hard times before, who can rid you of costly mistakes and who is where you want to be. We are all in this together and people are generous in helping. Ask the teacher for guidance.

I amnspiration – hang out with positive, motivating people who inspire you. Read stories of great achievements and those who beat the odds, not headlines of news about trouble and gloom. Feed your mind to fit your goals, to prepare yourself mentally for a terrific state, and then take action. Thinking is everything!

Network – go out there (now it’s a speech figure) and build a relationship. Listen twice as much as you talk, find out what people are hurting, and tell them how you can benefit them through services. We are now in a “service” economy, so instead of approaching “sales”, approach ways to better serve people. You can still earn. Just look at the grocery stores … they serve us differently, but the food is not distributed for free. Your network is your “net worth”. Pamper him now. People will appreciate how much you care by turning to them to see how they are doing and whether there is anything you can do to help them. I often say: if you don’t show up, you disappear. This means that in the minds of customers and prospects, if you do not keep in touch, they may assume that you have disappeared from the business. Relationships are key to long-term customers.

T.rain – Continue learning and development. We have to constantly learn. Continue to learn about customer service, how to deal with people, relationship strategies, time management and motivation. When we regularly study and implement one new idea to become the best at what we do; teach our people to become better employees; use this time to digest what we have learned; and implement the strategies needed to succeed, we will stop and be well-honed on the brink of a more vibrant economy. A busier economy means more time spent doing business, leaving less time for training.

Find a mentor (or be one), seek inspiration, surround yourself with positive and successful people, create your business opportunities and train, train, train.

Best wishes to earn your MINT, and if you can’t find your way, contact me and we will be able to dig to build your greatest castle together.