Blockchain technology provides a distributed database that maintains a growing list of records called blocks. Each block contains a timestamp and link to the previous block. Blockchain solves the double spending problem for digital currencies like bitcoin without a central authority. Characteristics of blockchain include information stored across a shared distributed database rather than a single location, making records public and verifiable without centralized control. Transactions are immutable and checked every 10 minutes for consensus. Nodes power the network by validating transactions and receiving cryptocurrency rewards or fees. Smart contracts on the Ethereum blockchain enable building decentralized applications that run as programmed without downtime, censorship or interference. Potential use cases discussed include energy trading platforms, electric vehicle charging networks, and reducing retail energy costs through blockchain settlement of
Unbundling Of Financial Services: The Blockchain(s) RevolutionGeorge Samuel Samman
This is a deck which talks about blockchain(s) and their use cases, It is based off of some o the best thought in the space and looks at why banking and financial services will be changed.
There's a lot of buzz around Blockchain, Is Blockchain the next” Big Thing" in the IT industry? It certainly looks to have a huge impact in finance, but it could also have far reaching effect in many other industries as well
Blockchain and BPM - Reflections on Four Years of Research and ApplicationsIngo Weber
In this keynote, delivered at the Blockchain Forum of BPM 2019, I summarized and reflected on research on BPM and blockchain over the last four years, including model-driven engineering, process execution, and analysis and process mining. I also covered selected use cases and applications, as well as recent insights on adoption. The keynote closed with a discussion of open research questions.
Unbundling Of Financial Services: The Blockchain(s) RevolutionGeorge Samuel Samman
This is a deck which talks about blockchain(s) and their use cases, It is based off of some o the best thought in the space and looks at why banking and financial services will be changed.
There's a lot of buzz around Blockchain, Is Blockchain the next” Big Thing" in the IT industry? It certainly looks to have a huge impact in finance, but it could also have far reaching effect in many other industries as well
Blockchain and BPM - Reflections on Four Years of Research and ApplicationsIngo Weber
In this keynote, delivered at the Blockchain Forum of BPM 2019, I summarized and reflected on research on BPM and blockchain over the last four years, including model-driven engineering, process execution, and analysis and process mining. I also covered selected use cases and applications, as well as recent insights on adoption. The keynote closed with a discussion of open research questions.
This presentation shows the evolution of blockchain implementations from simple financial transactions to complex computer programs (i.e. Smart Contracts)
Ethereum at its simplest, is an open software platform based on blockchain technology
Ethereum allows developers to build and deploy decentralized applications.
It explains the concept of Blockchain which is going revolutionize the world economy. Blockchain is going to change money, business and thus the world.
Blockchain - Primer for City CIOs v05 01 22.pdfssusera441c2
Blockchain primary for city government chief information officers. Originally prepared for the Cities Leadership Forum hosted by Cities Institute, Philadelphia March 2022.
A guest lecture delivered by Dr Farrukh Habib at INCEIF, Kuala Lumpur, on 22nd March, 2018.
Dr Farrukh Habib is an expert in sharia and Islamic finance. He is a adviser, researcher and trainer. He is keen interest in FinTech.
Yao Yao, Jack Rasmus-Vorrath, Ivelin Angelov
https://github.com/yaowser/basic_blockchain
https://www.academia.edu/35646619/Blockchain_Security_and_Demonstration
https://www.slideshare.net/YaoYao44/blockchain-security-and-demonstration-86062973
Distributed ledger technology over a network of computers, which provides an alternative to the centralized system
Distributed Database
Peer-to-Peer Transmission
Transparency with Pseudonymity
Records are immutable
Computational Logic
https://www.youtube.com/watch?v=5ArZxRdhyPc
This presentation shows the evolution of blockchain implementations from simple financial transactions to complex computer programs (i.e. Smart Contracts)
Ethereum at its simplest, is an open software platform based on blockchain technology
Ethereum allows developers to build and deploy decentralized applications.
It explains the concept of Blockchain which is going revolutionize the world economy. Blockchain is going to change money, business and thus the world.
Blockchain - Primer for City CIOs v05 01 22.pdfssusera441c2
Blockchain primary for city government chief information officers. Originally prepared for the Cities Leadership Forum hosted by Cities Institute, Philadelphia March 2022.
A guest lecture delivered by Dr Farrukh Habib at INCEIF, Kuala Lumpur, on 22nd March, 2018.
Dr Farrukh Habib is an expert in sharia and Islamic finance. He is a adviser, researcher and trainer. He is keen interest in FinTech.
Yao Yao, Jack Rasmus-Vorrath, Ivelin Angelov
https://github.com/yaowser/basic_blockchain
https://www.academia.edu/35646619/Blockchain_Security_and_Demonstration
https://www.slideshare.net/YaoYao44/blockchain-security-and-demonstration-86062973
Distributed ledger technology over a network of computers, which provides an alternative to the centralized system
Distributed Database
Peer-to-Peer Transmission
Transparency with Pseudonymity
Records are immutable
Computational Logic
https://www.youtube.com/watch?v=5ArZxRdhyPc
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
7. • Wikipedia – “A distributed database that is used to maintain a continuously
growing list of records, called blocks. Each block contains a timestamp and a
link to a previous block”
8. Double spend conundrum
• Double-spending is the result of successfully spending digital money more than once
• Blockchain for bitcoin made it the first digital currency to solve the double spending
problem without requiring a trusted administrator
• Protects against double spending by verifying each transaction added and ensuring that
the inputs for the transaction had not previously already been spent
• Uses a decentralized system, where a consensus among nodes following the same protocol
is substituted for a central authority
9. Characteristics of blockchain
• Information held on a blockchain exists as a shared — and continually reconciled —
distributed database
• The blockchain database isn’t stored in any single location, meaning the records it
keeps are truly public and easily verifiable
• No centralized version of this information exists for a hacker to corrupt
• Hosted by millions of computers simultaneously, its data is accessible to anyone on
the internet
10. Characteristics of blockchain
• Decentralized nature prevents control by a single entity
• Transactions are immutable (unable to be changed) and exist forever
• The blockchain network lives in a state of consensus, one that automatically checks
in with itself every ten minutes (new block creation)
• Eliminate third party intermediaries/overhead costs to reduce transaction fees, in
addition to settling transactions 24/7
11.
12. How is the network powered? (Nodes)
• Node – A computer connected to the blockchain network using a client that
performs the task of validating and relaying transactions) gets a copy of the
blockchain, which gets downloaded automatically upon joining the
blockchain network
• Every node is an “administrator” of the blockchain, and joins the network
voluntarily (in this sense, the network is decentralized)
13. Why host a node?
• Incentive - the chance of winning cryptocurrency (proof of work)
• Nodes are said to be “mining” by solving computational puzzles and adding transaction
records to the blockchain (fees)
• Smart way to issue the currency (decentralized) and creates an incentive for more people to
mine
• Nodes use the blockchain to distinguish legitimate transactions from attempts to re-spend
coins that have already been spent elsewhere
14.
15. Bitcoin has been useful as a digital currency, but
merely stands as a one-trick pony. An idea was
envisioned for the blockchain to provide
functionality far beyond currency.
Enter Ethereum and Smart Contracts
17. Build unstoppable applications
• Ethereum is a decentralized platform that runs smart contracts:
applications that run exactly as programmed without any possibility
of downtime, censorship, fraud or third party interference.
• These apps run on a custom built blockchain, an enormously
powerful shared global infrastructure that can move value around
and represent the ownership of property.
• This enables developers to create markets, store registries of debts
or promises, move funds in accordance with instructions given long
in the past (like a will or a futures contract) and many things that
have not been invented yet, all without a middle man or
counterparty risk.
18.
19. What are smart contracts?
• Computer protocols that facilitate, verify, or enforce the negotiation or
performance of a contract, or that make a contractual clause unnecessary
• Help you exchange money, property, shares, or anything of value in a
transparent, conflict-free way, while avoiding the services of a middleman
• Define the rules and penalties around an agreement in the same way that a
traditional contract does, but also automatically enforce those obligations
(code is law)
20.
21. The disconnected nature of un-trusted systems
manifests itself in the time required to fully close
out transactions
21
22. With blockchains, the future of finance is
embedded in business process everywhere.
22
#
#
#
#
#
#
Shipping
Trade Finance
Insurance
Customs
Distributor
Production
Purchase orders
proof of demand
that unlocks
trade finance.
Payment for
shipping and
insurance is
automated.
Tariff, tax & duty
calculations,
documents &
payments are built into
purchase agreements.
Payments are
automated into the
purchase contract and
triggered upon
delivery.
23. And in every smart thing and industrial asset.
23
Maintenance
• Automatically
detect and
purchase repair
services
Financing
• Access tied to identity
and payments
• Value of the verified
income stream
User Fees
• Billing & payments for
rides
Fractional Ownership
• Why own a whole car if
you only use part of it?
24. Now you have a platform with applications that run exactly as programmed
without any possibility of downtime, censorship, fraud or third party
interference capable of executing smart contracts.
What do we do next?
Let’s check out some DAPPS.
30. IoT Markets
Machines can be customers in machine-to-machine markets. Utilities, data storage, data usage, XaaS services,
and APIs are all services that usually offer rate limits or subscription models because charging on a per-use basis is
infeasible.With µRaiden, per-use charging finally becomes possible.
Pay-per-Use
Micropayments are becoming an increasingly attractive alternative to intrusive advertisement
and subscription walls. µRaiden gives users the option to decide on a pay-per-use basis
whether they would rather endure ads or pay for a premium experience. Customers would not
need to engage in the commitment of a monthly subscription model.
31. Singapore Central Bank Reveals 3 New Blockchain Payments Prototypes
The White House and EquifaxAgree: Social Security Numbers Should Go
Ethereum’s Founder Struck a Deal with a Russian Bank to Create ‘Ethereum Russia’
United Nations Sends Aid to 10,000 Syrian Refugees Using Ethereum Blockchain
MicrosoftAdds JPMorgan’s 'Quorum' Blockchain to Azure Platform
Ethereum Enterprise Alliance Adds 86 New Including DTCC, State
Street And InfosysMembers
38. Why AEP?
• Green energy credits
• Electric charging stations
• Smart contract solutions to guarantee uptime
• Retail based solutions to reduce costs
39. AEP ECO-Advantage
• As an environmentally-friendly alternative to traditional electricity plans, we
offer ECO-Advantage℠, which matches 100% of your electricity usage with
national Green-e® Energy certified, wind Renewable Energy Certificates
(RECs)
• Match 100% of your usage with national Green-e Energy certified wind RECs
• Same electricity service, one monthly bill from your local utility, no
interruption of service or installation of additional equipment
41. Germany’s Energy Giant Launches
100s of Ethereum Based Electric Cars
Charging Stations
“Tomorrow 100s of EV Charging Assets all
over Germany Blockchainified. E2E Product
using asset-backed Crypto-EURO for
payments,” before adding “our EV
Charging assets will be on public ethereum
blockchain and further assets across EU
connected soon.”
“By using a computer chip in the charging station, a smartphone app
to communicate with the interface, and a blockchain to manage and
record all of the payment and charging data, a fully automated,
worldwide authentication, charging and billing solution with no
middleman is created.”
43. Smart contract based trading solutions
• Turbine is powered off atAEP plant,
causing an energy shortage
• Traders determine pricing for power
and shortage is covered
• Instead, use smart contracts to define
pricing before an outage event
When the outage event
occurs, the smart contract
executes with the agreed
upon terms
44. • In a deregulated market, electricity retailers buy electricity at wholesale price (in 1 MWh increments) and then
package and sell that electricity directly to consumers
• Retailers are not responsible for powering customers directly, but are responsible for metering and billing usage
• In addition to paying for generation, transmission, and distribution, end users also pay fees to their retailer
• These costs are largely comprised of marketing, administration, and managing risk/compliance for bad debts and
customer funds
• This can (and often does) add up to quite a large percentage, as shown by the average price of electricity in
various states in the following graph:
45.
46. • Grid+ is not interested in managing user funds or in settling bad debts
• Users prepay each month in dollars, which is tokenized on Ethereum as a dollar-backed
stable coin
• As a retailer, they have access to customers’ usage data, which gets updated every 15
minutes
• Every 15 minutes they query a customer’s agent (which can be any device capable of
making ECDSA signatures) for payment
• The agent signs a message sending a small amount of money over a state channel and
Grid+ takes a small fee from that transaction as a form of revenue
47. gridSMART and AEP Energy Credits
• Tokenize user funds as a dollar backed stable coin
• Customers pre-pay or link bank account to convert USD to AEP energy credits
• gridSMART reads customer data every 15 minutes, deducting energy credits from customer wallets
• Users are able to monitor their energy usage in 15 minute increments, allowing greater visibility of energy usage
• AEP is insulated from bad debts and high-risk users through pre-pay model
• App teams are able to share data with ease using the distributed database model
Credits
48. Blockchains aren’t for everyone and they aren’t
for every solution. Here is a five point test.
49. Traditionally, IT has been regarded as a cost center
Using blockchain, companies will be able to drive profits through technology
