Presentation featuring a summary of Master's thesis (August 2015) studying the evolution of the Bitcoin business ecosystem using a longitudinal dataset of 514 projects and companies from 2010-2015.
The document summarizes a report by PricewaterhouseCoopers on China's impact on the global semiconductor industry. Some key findings from the report include:
- China's semiconductor consumption market grew 23% in 2007 to $88 billion, accounting for over one-third of the global market.
- China's IC market is now growing at the expense of other countries as its consumption exceeds 33.8% of the global IC market.
- While China's domestic semiconductor industry is growing, it remains less concentrated than the global industry, with the top 50 Chinese semiconductor companies accounting for just over half of China's semiconductor revenue.
The document describes the systems development life cycle (SDLC) as a framework for developing information systems using well-defined sequential phases: planning, analysis, design, implementation, and maintenance. It explains the key tasks for each phase and also discusses newer approaches like prototyping, outsourcing options, and agile methodologies.
Smart Data Webinar: A semantic solution for financial regulatory complianceDATAVERSITY
In this webinar Mike will describe a practical semantics-based approach to regulatory compliance and reporting for the financial sector using a reference ontology such as the Financial Industry Business Ontology (FIBO). This approach links the reference ontology to existing data resources with minimal disruption to existing data assets. The webinar will describe the kind of ontology that is needed for this kind of application, the principles for building or extending a reference ontology and some of the challenges in mapping this to legacy data.
EXTENT-2016: Key Challenges and Lessons Learned from Testing a New Trading Sy...Iosif Itkin
EXTENT-2016: Software Testing & Trading Technology Trends
22 June, 2016, 10 Paternoster Square, London
Key Challenges and Lessons Learned from Testing a New Trading System
Dr. Matthias Burghardt, Head of Business Development, Boerse Stuttgart
Would like to know more?
Visit our website: extentconf.com
Follow us:
https://www.linkedin.com/company/exactpro-systems-llc?trk=biz-companies-cym
https://twitter.com/exactpro
#extent2016
#exactpro
The document summarizes Chapter 1 of the textbook, which introduces systems analysis and design. It outlines the chapter topics and learning objectives. These include describing the system development lifecycle (SDLC) and how it is applied iteratively. As an example, it then describes how the SDLC would be used in iterations to develop the Ridgeline Mountain Outfitters Tradeshow System, a small app to collect supplier and product information at trade shows.
The document describes the software development life cycle (SDLC) process. There are typically six stages in the SDLC: analysis, planning, design, coding, testing, and implementation & maintenance. The analysis stage involves identifying requirements, feasibility studies, and evaluating possible solutions. The design stage then further develops the logical and physical design based on requirements. Finally, the coding, testing, and implementation stages produce the final software product.
ICEBERG: a different look at Software Project ManagementLuigi Buglione
Every project – whatever the application field – should be managed taking into account at least four dimensions: Time, Cost, Quality and Risk. To manage these dimensions, a key tool for a Project Manager is to increase project visibility, defined as the amount of information about the project associated with its probability of occurrence. This paper uses the “iceberg” metaphor to introduce the ICEBERG (Improvement after Control and Evaluation-BasEd Rules and Guidelines) approach that can help Project Managers through the use of standard (de jure and de facto) ICT methods and techniques. This approach focuses not only on the management, and measurement, of resources, process and product, but also of the project and the organization itself. A list of candidate measures related to these 5 entities is suggested for a comprehensive software measurement plan in order to reduce project risk.
GPORCA is query optimizer used inside Greenplum database, the first open source MPP solution based on PostgreSQL.
These are slides presented at the PGConf Seattle 2017. It introduced the internals of GPORCA, and provide OSS developers context to contribute back to the project.
The document summarizes a report by PricewaterhouseCoopers on China's impact on the global semiconductor industry. Some key findings from the report include:
- China's semiconductor consumption market grew 23% in 2007 to $88 billion, accounting for over one-third of the global market.
- China's IC market is now growing at the expense of other countries as its consumption exceeds 33.8% of the global IC market.
- While China's domestic semiconductor industry is growing, it remains less concentrated than the global industry, with the top 50 Chinese semiconductor companies accounting for just over half of China's semiconductor revenue.
The document describes the systems development life cycle (SDLC) as a framework for developing information systems using well-defined sequential phases: planning, analysis, design, implementation, and maintenance. It explains the key tasks for each phase and also discusses newer approaches like prototyping, outsourcing options, and agile methodologies.
Smart Data Webinar: A semantic solution for financial regulatory complianceDATAVERSITY
In this webinar Mike will describe a practical semantics-based approach to regulatory compliance and reporting for the financial sector using a reference ontology such as the Financial Industry Business Ontology (FIBO). This approach links the reference ontology to existing data resources with minimal disruption to existing data assets. The webinar will describe the kind of ontology that is needed for this kind of application, the principles for building or extending a reference ontology and some of the challenges in mapping this to legacy data.
EXTENT-2016: Key Challenges and Lessons Learned from Testing a New Trading Sy...Iosif Itkin
EXTENT-2016: Software Testing & Trading Technology Trends
22 June, 2016, 10 Paternoster Square, London
Key Challenges and Lessons Learned from Testing a New Trading System
Dr. Matthias Burghardt, Head of Business Development, Boerse Stuttgart
Would like to know more?
Visit our website: extentconf.com
Follow us:
https://www.linkedin.com/company/exactpro-systems-llc?trk=biz-companies-cym
https://twitter.com/exactpro
#extent2016
#exactpro
The document summarizes Chapter 1 of the textbook, which introduces systems analysis and design. It outlines the chapter topics and learning objectives. These include describing the system development lifecycle (SDLC) and how it is applied iteratively. As an example, it then describes how the SDLC would be used in iterations to develop the Ridgeline Mountain Outfitters Tradeshow System, a small app to collect supplier and product information at trade shows.
The document describes the software development life cycle (SDLC) process. There are typically six stages in the SDLC: analysis, planning, design, coding, testing, and implementation & maintenance. The analysis stage involves identifying requirements, feasibility studies, and evaluating possible solutions. The design stage then further develops the logical and physical design based on requirements. Finally, the coding, testing, and implementation stages produce the final software product.
ICEBERG: a different look at Software Project ManagementLuigi Buglione
Every project – whatever the application field – should be managed taking into account at least four dimensions: Time, Cost, Quality and Risk. To manage these dimensions, a key tool for a Project Manager is to increase project visibility, defined as the amount of information about the project associated with its probability of occurrence. This paper uses the “iceberg” metaphor to introduce the ICEBERG (Improvement after Control and Evaluation-BasEd Rules and Guidelines) approach that can help Project Managers through the use of standard (de jure and de facto) ICT methods and techniques. This approach focuses not only on the management, and measurement, of resources, process and product, but also of the project and the organization itself. A list of candidate measures related to these 5 entities is suggested for a comprehensive software measurement plan in order to reduce project risk.
GPORCA is query optimizer used inside Greenplum database, the first open source MPP solution based on PostgreSQL.
These are slides presented at the PGConf Seattle 2017. It introduced the internals of GPORCA, and provide OSS developers context to contribute back to the project.
The document provides an overview of Chapter 1 from the textbook "Systems Analysis and Design in a Changing World". It introduces the systems development lifecycle and iterative development approach. It then uses an example project for a tradeshow system for Ridgeline Mountain Outfitters to demonstrate how the six core processes of the SDLC are implemented in an iterative fashion over the course of 6 days. The chapter outlines where the rest of the textbook will elaborate on systems analysis and design techniques and activities.
Global Cryptocurrency Market was valued at USD 1,784.20 billion in 2021 and is expected to reach USD 5,103.72 billion by the year 2028, at a CAGR of 16.2%.
Global Cryptocurrency Market was valued at USD 1,784.20 billion in 2021 and is expected to reach USD 5,103.72 billion by the year 2028, at a CAGR of 16.2%.
The document summarizes a report on the LTCC (low-temperature co-fired ceramic) market from 2020 to 2025. It discusses key aspects of the LTCC market like end users, material types, process types, and regional analysis. The LTCC market is segmented based on end user industries like automotive, telecommunications, aerospace & defense, and medical. LTCC is commonly used in applications requiring multi-chip modules, high-frequency modules, capacitors, conductors, inductors, and transformers. The report also analyzes the market size and forecast for major regions like North America, Europe, and Asia Pacific.
How to define Quality Models for Measuring Software Qualityuqasar
Presentation about Software Quality Assurance and the use of the U-QASAR methodology to create a Quality Model that reflects the company priorities and needs
This document provides an overview of project management process groups and knowledge areas. It discusses the five process groups of initiating, planning, executing, monitoring and controlling, and closing. The percentage of time spent on each process group is shown. A case study of JWD Consulting's project management intranet site project demonstrates how each process group was implemented. Templates are provided for project documents used in each process group.
Part 11. Why is it so important in system engineering to become .docxMARRY7
Part 1
1. Why is it so important in system engineering to become familiar with some of the analytical methods?
2. Identify and describe some of the technologies that are being applied in the design process. Provide some examples of typical applications, and describe some of the benefits associated with the application of computerized methods in the design process.
3. How does CAM and CAS relate to system engineering? Describe some possible impacts.
4. How is design review and evaluation accomplished? Why is it important relative to meeting system engineering objectives? Describe some of the checks and balances in the design process.
5. What is included in the establishment of a "functional” baseline, Allocated baseline, and Product baseline? Why is baseline management important?
6. What is configuration management (CM) and how does it relate to system engineering? Define Configuration Identification (CI) and Configuration Status Accounting (CSA).
Part 2
Select a system of your choice, and construct a sequential flow diagram of the overall system development process. Identify the major tasks in system development, and develop a plan/schedule of formal design review. Briefly describe what is covered in each.
Part 3
Discuss some of the problems associated with the application of computerized methods in the design process. Provide examples. What cautions must be observed?
.
The SDLC (system development life cycle) is a framework consisting of various tasks to develop a computer-based system or subsystem. It involves 7 main steps: recognizing a need, conducting a feasibility study, analyzing requirements, designing the system, implementing and testing it, maintaining the system, and reviewing and evaluating it. The analysis phase involves studying the operations and relationships within and outside the system to develop functional specifications that meet user requirements and define the new system's scope and limitations.
The document discusses lessons learned from World Bank financial management information system (FMIS) projects. It finds that on average, projects took 7 years to complete at a cost of $12.3 million. Key risks included technical complexity, lack of institutional capacity, and weak government commitment. Success depended on having a full-time project coordinator, high-level political champions, and training. The document also presents an FMIS maturity model and compares factors like development period, functionality, costs, and flexibility when deciding whether to make or buy an FMIS.
The document describes the classical waterfall model of software development. It can be summarized as:
1) The classical waterfall model divides the software development life cycle into sequential phases such as requirements, design, implementation, testing, and maintenance.
2) Each phase must be completed fully before the next phase can begin, and there is no overlapping or iteration between phases.
3) The iterative waterfall model was developed to allow for feedback between phases so that errors can be detected and fixed in the phase where they were introduced, rather than being found later. This principle is called "phase containment of errors."
1) The document defines key project management concepts such as projects, project lifecycles, and the triple constraints of time, cost, and quality.
2) It discusses project scope management including developing a work breakdown structure and managing changes to project scope.
3) It covers other important aspects of project management like time management, cost management, quality management, and human resource management.
1. The document defines project management and describes key aspects like scope, time, cost, and risk management.
2. It provides examples of projects ranging from developing new products to political campaigns to construction projects.
3. Project scope management is discussed in detail, including work breakdown structures and change control processes.
Om important part b questions for all 5 units for all subjectssrenth10
This document contains important questions from 5 units of the Operations Management course for Jeppiaar Engineering College. It includes questions related to production systems, forecasting, capacity and aggregate planning, design of product and work systems, materials management, and project and facility planning. Students are asked to explain concepts, compare different techniques, provide examples, and solve numerical problems related to various topics in operations and production management.
The relation in between ITIL, Cobit, Togaf and CMMI.Mücahit Sidimi
The document discusses integrating the CMMI, COBIT, and ITIL frameworks. It provides an overview of each framework, comparing their architectures and approaches. COBIT focuses on IT governance and auditing, while CMMI addresses improving software development processes. ITIL provides best practices for IT service management. The document examines how CMMI can help implement control processes to support COBIT objectives, particularly in acquisition, project management, and some service delivery areas. While each framework has different goals, COBIT, CMMI and ITIL are complementary and can be used together to improve overall IT management and software development processes.
1. The document outlines the four phases of the system development life cycle (SDLC): planning and selection, analysis, design, and implementation and operation.
2. It describes the roles and tasks of systems analysts in analyzing the needs of an organization and its users, studying current systems, designing alternative solutions, and overseeing the implementation of new systems.
3. Key analyst responsibilities include determining requirements, structuring and comparing alternatives, producing specifications, and designing system aspects like interfaces, databases and processes.
This document summarizes a literature review on RegTech technologies, characteristics, and architectures. The review found that the top technologies used in RegTech are blockchain, artificial intelligence, machine learning, distributed ledger technology, and big data analytics. RegTech solutions are characterized by agility, speed, integration, and analytics capabilities. RegTech architectures generally involve collecting, processing, analyzing and visualizing data from customers and regulations using automated compliance management and reporting software run on cloud-based infrastructure. The review aims to propose a generic RegTech architecture that can be applied across sectors based on findings.
by Brad Appleton,
Presented August 2006 at Architecture & Design World 2006; Chicago, IL USA
Software Configuration Management Patterns for Agile Software Architectures.
The document provides a status update on the eUCP and eURC rules from the ICC Banking Commission meeting in Tbilisi in October 2018. It summarizes feedback received on draft versions and key issues discussed. The document outlines next steps, which include determining the voting procedure, updating textbooks, and planning webinars and other rollout activities. It also proposes establishing minimum standards to provide guidance to practitioners on electronic record formats, addresses, authentication, signatures and data processing systems.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
The document provides an overview of Chapter 1 from the textbook "Systems Analysis and Design in a Changing World". It introduces the systems development lifecycle and iterative development approach. It then uses an example project for a tradeshow system for Ridgeline Mountain Outfitters to demonstrate how the six core processes of the SDLC are implemented in an iterative fashion over the course of 6 days. The chapter outlines where the rest of the textbook will elaborate on systems analysis and design techniques and activities.
Global Cryptocurrency Market was valued at USD 1,784.20 billion in 2021 and is expected to reach USD 5,103.72 billion by the year 2028, at a CAGR of 16.2%.
Global Cryptocurrency Market was valued at USD 1,784.20 billion in 2021 and is expected to reach USD 5,103.72 billion by the year 2028, at a CAGR of 16.2%.
The document summarizes a report on the LTCC (low-temperature co-fired ceramic) market from 2020 to 2025. It discusses key aspects of the LTCC market like end users, material types, process types, and regional analysis. The LTCC market is segmented based on end user industries like automotive, telecommunications, aerospace & defense, and medical. LTCC is commonly used in applications requiring multi-chip modules, high-frequency modules, capacitors, conductors, inductors, and transformers. The report also analyzes the market size and forecast for major regions like North America, Europe, and Asia Pacific.
How to define Quality Models for Measuring Software Qualityuqasar
Presentation about Software Quality Assurance and the use of the U-QASAR methodology to create a Quality Model that reflects the company priorities and needs
This document provides an overview of project management process groups and knowledge areas. It discusses the five process groups of initiating, planning, executing, monitoring and controlling, and closing. The percentage of time spent on each process group is shown. A case study of JWD Consulting's project management intranet site project demonstrates how each process group was implemented. Templates are provided for project documents used in each process group.
Part 11. Why is it so important in system engineering to become .docxMARRY7
Part 1
1. Why is it so important in system engineering to become familiar with some of the analytical methods?
2. Identify and describe some of the technologies that are being applied in the design process. Provide some examples of typical applications, and describe some of the benefits associated with the application of computerized methods in the design process.
3. How does CAM and CAS relate to system engineering? Describe some possible impacts.
4. How is design review and evaluation accomplished? Why is it important relative to meeting system engineering objectives? Describe some of the checks and balances in the design process.
5. What is included in the establishment of a "functional” baseline, Allocated baseline, and Product baseline? Why is baseline management important?
6. What is configuration management (CM) and how does it relate to system engineering? Define Configuration Identification (CI) and Configuration Status Accounting (CSA).
Part 2
Select a system of your choice, and construct a sequential flow diagram of the overall system development process. Identify the major tasks in system development, and develop a plan/schedule of formal design review. Briefly describe what is covered in each.
Part 3
Discuss some of the problems associated with the application of computerized methods in the design process. Provide examples. What cautions must be observed?
.
The SDLC (system development life cycle) is a framework consisting of various tasks to develop a computer-based system or subsystem. It involves 7 main steps: recognizing a need, conducting a feasibility study, analyzing requirements, designing the system, implementing and testing it, maintaining the system, and reviewing and evaluating it. The analysis phase involves studying the operations and relationships within and outside the system to develop functional specifications that meet user requirements and define the new system's scope and limitations.
The document discusses lessons learned from World Bank financial management information system (FMIS) projects. It finds that on average, projects took 7 years to complete at a cost of $12.3 million. Key risks included technical complexity, lack of institutional capacity, and weak government commitment. Success depended on having a full-time project coordinator, high-level political champions, and training. The document also presents an FMIS maturity model and compares factors like development period, functionality, costs, and flexibility when deciding whether to make or buy an FMIS.
The document describes the classical waterfall model of software development. It can be summarized as:
1) The classical waterfall model divides the software development life cycle into sequential phases such as requirements, design, implementation, testing, and maintenance.
2) Each phase must be completed fully before the next phase can begin, and there is no overlapping or iteration between phases.
3) The iterative waterfall model was developed to allow for feedback between phases so that errors can be detected and fixed in the phase where they were introduced, rather than being found later. This principle is called "phase containment of errors."
1) The document defines key project management concepts such as projects, project lifecycles, and the triple constraints of time, cost, and quality.
2) It discusses project scope management including developing a work breakdown structure and managing changes to project scope.
3) It covers other important aspects of project management like time management, cost management, quality management, and human resource management.
1. The document defines project management and describes key aspects like scope, time, cost, and risk management.
2. It provides examples of projects ranging from developing new products to political campaigns to construction projects.
3. Project scope management is discussed in detail, including work breakdown structures and change control processes.
Om important part b questions for all 5 units for all subjectssrenth10
This document contains important questions from 5 units of the Operations Management course for Jeppiaar Engineering College. It includes questions related to production systems, forecasting, capacity and aggregate planning, design of product and work systems, materials management, and project and facility planning. Students are asked to explain concepts, compare different techniques, provide examples, and solve numerical problems related to various topics in operations and production management.
The relation in between ITIL, Cobit, Togaf and CMMI.Mücahit Sidimi
The document discusses integrating the CMMI, COBIT, and ITIL frameworks. It provides an overview of each framework, comparing their architectures and approaches. COBIT focuses on IT governance and auditing, while CMMI addresses improving software development processes. ITIL provides best practices for IT service management. The document examines how CMMI can help implement control processes to support COBIT objectives, particularly in acquisition, project management, and some service delivery areas. While each framework has different goals, COBIT, CMMI and ITIL are complementary and can be used together to improve overall IT management and software development processes.
1. The document outlines the four phases of the system development life cycle (SDLC): planning and selection, analysis, design, and implementation and operation.
2. It describes the roles and tasks of systems analysts in analyzing the needs of an organization and its users, studying current systems, designing alternative solutions, and overseeing the implementation of new systems.
3. Key analyst responsibilities include determining requirements, structuring and comparing alternatives, producing specifications, and designing system aspects like interfaces, databases and processes.
This document summarizes a literature review on RegTech technologies, characteristics, and architectures. The review found that the top technologies used in RegTech are blockchain, artificial intelligence, machine learning, distributed ledger technology, and big data analytics. RegTech solutions are characterized by agility, speed, integration, and analytics capabilities. RegTech architectures generally involve collecting, processing, analyzing and visualizing data from customers and regulations using automated compliance management and reporting software run on cloud-based infrastructure. The review aims to propose a generic RegTech architecture that can be applied across sectors based on findings.
by Brad Appleton,
Presented August 2006 at Architecture & Design World 2006; Chicago, IL USA
Software Configuration Management Patterns for Agile Software Architectures.
The document provides a status update on the eUCP and eURC rules from the ICC Banking Commission meeting in Tbilisi in October 2018. It summarizes feedback received on draft versions and key issues discussed. The document outlines next steps, which include determining the voting procedure, updating textbooks, and planning webinars and other rollout activities. It also proposes establishing minimum standards to provide guidance to practitioners on electronic record formats, addresses, authentication, signatures and data processing systems.
Similar to The Bitcoin Business Ecosystem (2015) (20)
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
The Bitcoin Business Ecosystem (2015)
1. Table of Contents
• Introduc)on 2
• Bitcoin Value Proposi)on(s) 3
• Boundary Specifica)on 4
• Data Collec)on 5
• Methodology 6
• Market Segment Framework 7
• Findings (1): Summary Sta)s)cs 8
• Findings (2): Visualisa)on 9
• Findings (3): Key Observa)ons 15
• Analysis (1): Factors driving emergence and evolu)on of market segments 17
• Analysis (2): Factors impac)ng evolu)on of overall business ecosystem 18
• Addi)onal comments 19
The purpose of this PP presenta)on is to provide a short overview and summary of the
main building blocks of the thesis. It does not include the literature review and does not
review the concept of Bitcoin. Since it is a work in progress, the final framework of the
typical stages of evolu)on in a cryptocurrency ecosystem is not yet completed, and some
sec)ons might be subject to revision.
1
3. The Bitcoin system (protocol, P2P network, global ledger/blockchain) exhibits two dis)nguishing proper)es
(censorship-resistance and immutability) that serve as the base for the plaYorm’s value proposi)on, which can be
divided into four parts:
1. Censorship-resistant digital cash
• Non-sovereign/stateless à neutral, global and borderless
• Irreversibility of transac)ons
• User empowerment: “Be your own bank”
2. P2P payment network
• Promise of low transac)on fees and rapid se_lement
• High resilience and robustness: no single point of failure because no intermediaries
• No need for storing confiden)al data (iden)ty, credit card informa)on, …)
3. New asset class (“Digital Gold”)
• First digital bearer instrument: ar)ficially scarce because of fixed supply
• Shares key proper)es of gold and even improves on certain quali)es (divisibility, transportability, storage costs, …)
• High vola)lity and almost no correla)on to other major asset classes à good asset for specula)on/investment
4. Replicated, permanent 2me-stamped file system (term borrowed from Gideon Greenspan)
• Immutability property enables the verifica)on of data existence and authen)city à proof-of-existence, data registry, …
• Possibility to act as a base layer for complex overlay networks via meta-protocols
à non-currency/non-monetary applica)ons
(1), (2) and (3) are closely linked together, in that they relate to “currency/monetary applica)ons”. However, (1) and (3) are
conflic)ng: defla)onary nature of bitcoin incen)vises hoarding and discourages use as medium of exchange.
Bitcoin Value Proposi2on(s)
3
4. The Bitcoin ecosystem
– Core developers: maintain and develop the open-source protocol
– Companies and projects: cons)tute the business ecosystem
– Other stakeholders: VC firms, governments, regulators, universi)es/researchers, …
This study is going to focus exclusively on the business ecosystem that has formed around the
open technological blocks and extends the core plaYorm’s func)onali)es by building
complementary components and services that increase the overall value of the plaYorm.
Inclusion criteria
Projects and firms are subject to inclusion if they meet the following criteria:
– Core ac)vi)es/opera)ons related to Bitcoin in the 3 following ways:
• Use of the digital currency/asset bitcoin
• Use of the integrated payment network
• Use of the underlying data structure for non-monetary applica)ons
à These do not include en))es accep)ng bitcoin as one of several payment methods (except if other
cryptocurrencies) nor ledger-agnos)c plaYorms that offer Bitcoin as an op)on.
– Services allow for commercial exploita)on, although no requirement for the service
providers to do so.
à This enables the inclusion of non-profit organisa)ons and projects that provide essen)al services
4
Boundary Specifica2on
15. 15
Findings (3): Key Observa2ons
• Diversity
- Evolved from an small community formed around an experimental digital currency and payment system into a large
sector composed of 22 dis)nct, but complementary market segments providing a wide variety of products and services
harnessing the value proposi)on(s) that the plaYorm offers, thereby expanding beyond simple financial services.
- From table 3 on p.8, we can observe that the first services to emerge were related to the acquisi)on and sale of bitcoins
as well as secure storage, followed in 2011 by services enabling the spending and trading of bitcoins. In 2012, we
witness the arrival of the first non-currency applica)ons* and API plaYorm. In 2013, all iden)fied market segments have
already been established, and diversity is growing within and across those segments in 2014 and 2015.
à On the one hand, replica)on of roles from tradi)onal financial system and payment networks but specifically tailored to
Bitcoin, while on the other hand also crea)on of new roles that did not exist before (mining industry, mixing services, …)
- In terms of numbers of companies, Exchange is the largest market segment for each year followed by Wallet, Brokerage
Services and Payment Processor --> with excep)on of wallet, all services that act as gateways connec)ng the “Bitcoin
economy” to the “outside economy” (entry and exit points to the Bitcoin ecosystem). Trading Pla;orm, Data Services
and ATM have experienced massive growth since they first emerged, as have Money Transfer Pla;orm, Financial
Services and Developer Tools.
*In the context of this project, non-currency/non-monetary applicaFons refer to use cases of the Bitcoin protocol that are
not related to the currency or the payment system. Other non-monetary services such as market data providers and
consul)ng will be termed supporFng services.
• Diversifica2on
- Degree distribu)on shows that majority of en))es are opera)ng in a single market segment, however, there is a trend
towards diversifica)on emerging in 2013 and con)nuing throughout 2014 and 2015
- Related diversificaFon (closely related market segments) vs. unrelated diversificaFon (market segments that are quite
dis)nct from each other): observa)ons show that related diversifica)on is more common
- Some market segments are more isolated in the sense that companies tend not to diversify once they have established
themselves in their respec)ve niche: Marketplace, Gambling and Mixing Services, as well as non-currency applica)ons
Blockchain InnovaFons and Notary Services.
- In contrast, firms that are most diversified (>3-4 market segments) tend to operate in the following market segments:
Wallet, Brokerage Services, Exchange, Payment Processor, Money Transfer Pla;orm and Financial Services.
à emergence of full service providers a_emp)ng to offer a comprehensive customer experience by crea)ng a
universal “go-to” internal plaYorm that provides all func)onali)es within the company plaYorm itself.
à also some)mes verFcal integraFon by engaging in mining opera)ons to subsidise their other service offerings.
16. 16
• Funding PaVerns
- First VC investments in 2012, growing exponen)ally in the following years. Also token sales, crowdfunding rounds and limited state
grants. Figures are minimum funding amount per year since a number of en))es have refused disclosure of funding rounds.
- 2012: $2.1m for 3 firms.
- 2013: $93.3m for 38 firms, 2 addi)onal en))es have not disclosed amounts.
- 2014: $369m for 96 firms, 7 addi)onal en))es have not disclosed amounts.
- 2015: $448.4m for 69 firms, 13 addi)onal en))es have not disclosed amounts.
- Although a growing number of firms able to secure funding, the majority of funds go to a limited number of companies, ogen in
several funding rounds.
- Difficult to a_ribute funding to specific market segments because many firms operate in several segments, but we can observe that
majority of funds have gone to en))es providing consumer and merchant services (Money Transfer Pla;orm, Brokerage Services,
Wallet and Payment Processor), Exchanges and Mining (mainly hardware manufacturers).
- Developer PlaYorms have also received significant amounts in 2014 and 2015, emphasising the growing importance of middleware
services in the Bitcoin business ecosystem that facilitate interac)on with the protocol.
• Entries and Exits
- Number of en))es leaving the ecosystem for a variety of reasons is growing over the years, but largely compensated by the
entrance of new en))es: business ecosystem is growing each year in terms of number of en))es.
- Main reasons include regulatory issues and difficul)es to secure banking rela)onships in the early stages, security breaches and
hacks especially at custodial wallet services and exchanges as well as scams and frauds. Lagging user adop)on and lack of growth
has also been a major reason in recent years for the closure of firms, as well as the departure of co-founders and the trend
emerging in 2014 to pivot towards “blockchain-based” solu)ons that are not related to Bitcoin.
- Findings indicate that firms that are ac)ve in at least 3 market segments generally do not shut down and are less likely to pivot
away from Bitcoin.
- Entry and exit pa_erns show that the majority of companies launch the same year as they are founded, although star)ng in 2011,
there are a rising number of en))es that prefer delaying launch and spend more )me on development.
- Some exis)ng companies established in different industries enter the Bitcoin business ecosystem, mostly through founda)on of a
separate en)ty dedicated en)rely to Bitcoin.
• M&A, Pivots and Rebranding
- While first acquisi)on in 2011 was rather born out of an emergency situa)on (Mt. Gox taking over Bitomat ager the la_er lost
access to customer funds), the business ecosystem has seen a wave of acquisi)ons beginning in 2013, with no specific market
segment s)cking out. Mergers have been quite rare, only one per year since 2013 (of which two are related to mining industry).
- “Blockchain” hype star)ng in 2014 has resulted in several parFal and complete pivots away from Bitcoin.
- In 2014 and 2015, various en))es have rebranded themselves mostly by elimina)ng specific pre- and suffixes (“bit”, “coin”, …) in
the company name and increasingly focusing marke)ng on the benefits of their services instead of the technology that powers
them.
17. • Changes in market needs/demand
– Unsurprisingly, changing user needs and wishes have led to certain market demand, which in turn is then fulfilled by newly formed and/or
established en))es who develop and build the demanded services.
– Earliest examples include the emergence of wallet providers who remove the need for users to download and sync the en)re blockchain
and enable easier access to funds, as well as brokerage services that provide a convenient op)on for purchasing bitcoin.
• Regulatory forces
– They play a very important role in the Bitcoin business ecosystem due to the unique nature of its main value proposi)on
– Different stages: in the first two years, li_le interest because of small size and relevance, but increased scru)ny and ac)on in following
years with emergence of illegal services and accumula)on of consumer defrauding
à As a result, split of business ecosystem in two parts: regulated economy (mainly formally incorporated firms complying with exis)ng
regula)ons) and unregulated economy (lack of regula)ons and pseudonymity are considered useful features: mostly mixing services,
darknet black markets, online gaming sites and services forgoing KYC/AML checks for a premium: self-organising and self-regula)ng)
- Both regulaFon-driven innovaFon (emergence of new market segments specifically tailored to help Bitcoin companies comply) and
regulaFon-delayed innovaFon (increasing legal expenses and )me-consuming applica)ons for licenses,…)
• Evolu2on of value proposi2on
– At different stages of the evolu)on, en))es have focused on building services tailored to a specific value proposi)on, evolving over )me: in
the early years, main focus put on censorship-resistant digital cash, then use of bitcoin as a specula)ve digital asset, followed by discovery
of non-currency/non-monetary applica)ons, and finally refocusing on the payment system.
à The “perceived” nature of Bitcoin by all ecosystem par)cipants differs among actors and evolves over )me.
• Low barriers to entry
– Open nature of FOSS-based Bitcoin plaYorm enables easy par)cipa)on by simply requiring client download. Early services and firms only
needed a minimum understanding of the technology and limited programming skills, and were ready for launch within a short amount of
)me (ex: Mt. Gox launched several days ager founder read first about Bitcoin).
– However, barriers to entry have significantly increased in almost all market segments, with some segments being more affected than
others (e.g. Mining because of high capital investment requirements and economies of scale).
• Technological changes/advances
– Mostly visible in the Mining industry with successive introduc)on of more powerful and efficient mining rigs: has reshaped the en)re
industry and shiged power within the sector.
– Similarly, implementa)on of BIPs and other protocol-level changes put pressure on service providers to adapt and upgrade their
infrastructure to stay compe))ve.
17
Analysis (1): Factors driving emergence and evolu2on of market segments
18. 18
Analysis (2): Factors impac2ng evolu2on of overall business ecosystem
• Regulatory uncertainty
- Variety of dis)nct regulatory approaches and taxa)on regimes differing from country to country has introduced legal
uncertainty and reluctance from financial ins)tu)ons to join the business ecosystem and maintain good banking rela)onships
out of reputa)onal risk à has led to the closure of projects in an)cipa)on of legal ac)ons and difficulty for early Bitcoin firms
to have banking accounts.
- However, recent posi)ve comments from certain central banks, supervisory authori)es and other government agencies has
helped Bitcoin get more legi)macy in the eyes of the general public.
• Public percep2on
- Closely related to media a_en)on: indispensable for increased user and developer adop)on, but risk of focusing and emphasising the
wrong aspects of the system (“money-laundering tool”, “used by criminals”, “unsecure because many security breaches”, etc.)
à has an impact on “outsiders” regarding their decision to join the business ecosystem and assess its poten)al
• Dependence on market price
– Also closely related to public percep)on and interest from the “outside”: high bitcoin price raises interest and a_racts speculators, miners
and investment. High vola)lity, however, retards use as a currency. Low price might have an impact on the security of the network since a
drop in total hash rate is expected.
– Some market segments are more dependent on the market price than others. This also applies to firms and projects that receive the
majority of their revenues (and some)mes also capital if token sale) in bitcoins.
• Changes in organisa2onal firm structure
– In the early days, most en))es consisted of a single individual with a computer and several servers working from home à no legal
incorpora)on nor organisa)onal structure, ogen immature and improvised infrastructure: mainly driven by ideology.
– While s)ll the case in certain market segments, entrance of business people with professional experience at reputable technology and
financial firms in mid-2013 a_rac)ng venture capital, talent and posi)ve public a_en)on à legal incorpora)on, hierarchical organisa)onal
structure, be_er customer support and interfaces: “professionalisa)on” of business ecosystem
• Environmental dynamics
- Exogenous events highligh)ng the limita)ons of the current financial system as for instance the Cyprus banking crisis and the hyperinfla)on in
certain countries have a posi)ve effect on bitcoin user adop)on. However, nega)ve endogenous events such as security breaches have the
opposite effect.
• Compe2ng ecosystems
– “FinTech” industry as well as other cryptocurrency and alterna)ve finance ecosystems are compe)ng with Bitcoin for user adop)on,
talent and funding.