March 27, 2016

Australian Government Seeks End to Double Taxation of Bitcoin

The government wants to ease rules for investors and startups in the FinTech space, the latter of whom would be afforded flexibility within a "regulatory sandbox" approach. An advisory group dedicated to FinTech issues has also been formed, chaired by Westpac Bank director Craig Dunn. “Removing the ‘double taxation’ treatment for GST on digital currencies and applying adequate anti‑money laundering and counter‑terrorism financing rules may facilitate further developments or use in the future,” the government said. The country’s anti-money laundering regulator, the Australian Transaction Reports and Analysis Centre, voiced its support for blockchain technology in a statement included in the policy release, stating that it believes the tech could "significantly reduce the costs of compliance and regulation imposed on reporting entities".


Fintech Lessons From a Troubled Bridge Over New York’s Waters

Fintech is becoming too hyped in certain areas. Even though venture funding cooled in Q4, 2015, deal activity remains high, as do valuations, especially on the consumer side of fintech. Accelerators, incubators and now start-up factories have cropped-up to participate in the global fintech boom. Many of these initiatives are crucial, since they compensate for the lack of financial services innovation in the years leading up to the financial crisis. Unfortunately, half-baked business models, me-too companies and fintech “tourist” investors looking for a quick trade seem to be on the rise as well. Some large incumbents are riding the fintech wave without a plan. Just as politicians, commissioners and contractors jumped on the Manhattan Bridge project over a century ago, it now seems that every major incumbent is getting fintechier. Although some large banks, payments companies, insurers and asset managers are making solid progress, others seem to be grasping.


Uflex becomes first company in India to deploy Bluetooth Low Energy Beacon

The Low Energy Bluetooth beacon is a battery powered mini appliance transmitting and receiving two- way information. The BLE Beacon has a shelf life of 3 years on a single cell. The beacon transmits its presence and with its inbuilt sensors captures other parameters like temperature, pressure etc. Since it facilitates two way information gathering, the embedded LED can also light up when it gets a request. "The strength of the Beacon varies with distance and this helps us triangulate the coordinates and track the movement as well as the current location across the warehouse and production lines," he states. The BLE Beacon can add on sensors to get more data captured such as collision impact detection , automate batch creation in ERP using the object to feed data as it approaches the processing plant or exits a plant .


DevOps and IT Projects in the Real World

The sponsor spent a lot of money and will never see a return on the investment ever. The developers are upset because nobody is going to use their solution. The project manager is depressed because it didn’t really matter how well the project was managed. The user base is absolutely irritated, don’t know what to use the new solution for and after a week they stop trying. ... If you can leverage DevOps culture and practices you don’t buy into a success guarantee. Everyone still needs to do their work diligently and it’s not less work if you apply DevOps. However with these practices in mind, you shift the threshold of “what”, “how”, and “ok” significantly to establish a better collaboration baseline between the separated realms of development teams and operational staff.


The Dawn of the IoT Architect

There are two modes of operation for an IoT Architect. The first mode is to help the organization solve various business problems by building discrete IoT solutions. This requires a certain skill set including: collaborating with business leaders to determine their top business problems, architecting an IoT solution that will solve the problem, building a business case to justify the ROI, building an IoT solution prototype and selecting vendors, and finally, deploying the solution — at scale — across the enterprise. The second mode is much more broad. The IoT architect must take responsibility for setting and communicating the overall IoT vision, message, — and most importantly — architecture. Why? Well, it’s likely that organizations will have multiple IoT projects. Without an IoT architect — who can build, communicate and drive a cohesive, centralized IoT architecture


Big Data, IoT and Blockchain: Ready to Follow the Yellow Brick Road?

How disruptive technologies can be used to advance business and provide a competitive edge. Take Big Data and the Internet of Things (IoT). Both rank highly on the list of disruptive technologies. As with most technologies, there are areas of great synergy that ultimately provide a yellow brick road to real business value. ... Perhaps the most interesting thing about blockchain is that there's no central authority or single source of the database. Which means it exists on every system that's associated with it. Yes, every system has its own complete copy of the blockchain. As new blocks are added, they're also received by every system - for the ultimate distributed database. If you lose your copy, no problem. By rejoining the blockchain network you get a fresh new copy of the entire blockchain.


Japan looks to kickstart 'fintech' revolution

Japan's financial industry regulator hopes relaxed rules on investing in financial ventures, and a new system for regulating virtual currency exchanges will pass through parliament by May - a first step in kickstarting the fintech revolution in the world's third-biggest economy. "The law changes aren't a goal, but a first step," Norio Sato, a senior official at the Financial Services Authority (FSA), told Reuters. "Fintech will have a big impact on financial services." The changes, which will allow banks to buy stakes of up to 100 percent in non-finance-related firms, will free up Japan's three megabanks to enter into tie-ups with fintech ventures developing services including robotic investment advisory and blockchain, the decentralized ledger technology behind the bitcoin digital currency.


Viewpoints and Integrated Enterprise Architecture

Enterprise Architecture may depict the whole of the enterprise or a part of it at any given point in time. Architecture for enterprises consists of multifaceted data driven maps. From the different perspectives of the many parts involved in any enterprise, from planning, design and management to executive and stakeholder’s levels, there are always many concerns that need to be addressed, and hence the need for many different types of blueprints. The viewpoint is a blueprint of how the stakeholders view the whole system or enterprise. ... Enterprise Evolver (“Evolver”) supports multiple viewpoints templates to jumpstart the architecture creation. Provided below are descriptions of each viewpoint template supported in Enterprise Evolver . By describing and mapping these viewpoints in the Evolver, you will be able to create an integrated enterprise architecture to support any transformation initiative.


Barry University CIO: Managing The Mobile Security Load

Londono doesn't want to do anything unnecessary to stifle the creativity and innovation of the faculty. "On the faculty side, we mostly let them do what they want to. There's a recognition that any progress comes from a place where you're not so structured," he said. "If you leave people with a little bit of freedom, they tend to be very creative." On the other hand, students can be very heavy consumers of the campus bandwidth. "In terms of bandwidth, the shift isn't so much from faculty -- they're careful about moving instruction to streaming -- but the younger generation of kids moving to streaming content," Londono said. And the reality of the new classroom means that the university can't use basic tools to deal with the bandwidth issue.


Understanding Quality and Reliability

Generally, having fewer errors and a higher MTTD is associated with better overall quality. While having the highest quality possible may not always be a primary concern for stakeholders, the reliability of the project must meet some minimum standards before it can be shipped to the customer. For example, experience has shown that, at delivery, most projects are about 95 percent defect free after running for about a day without crashing. Another good rule of thumb is that the software typically will be of minimum acceptable reliability when testers are finding fewer than 20 errors per month. This applies to both large and small applications. In other words, the product will run about an eight-hour workday. Of course this rule of thumb is mostly applicable for commercial IT applications. Industrial and military embedded applications require a higher degree of reliability.



Quote for the day:


"We don’t have time for blame and shame. We need dignity, understanding and solutions." -- @smaxbrown