Given all the unsettling events that have taken place around the globe with hacking of credit card data and the like, it seems many people are ditching the ‘plastic’ for their purchasing and (gasp!) using actual currency – at least temporarily…
Here’s a story about another possibility for payment options. Bitcoins are gaining traction in a variety of settings and being tried for all sorts of different applications as an alternative to “filthy lucre”. (Are we taking the high road or the low road, do you think? Whichever, I’ll be in Scotland afore ye’ – maybe I can use bitcoins to buy my very own castle. That would prove me a bampot for sure!)
From Wikipedia: Bitcoin is a software-based payment system…introduced as open-source software in 2009. Payments are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.
Some “bits and bobs” on the bitcoin…
A bitcoin documentary film called The Rise and Rise of Bitcoin made its debut at the Tribeca Film Festival in New York on 23 April 2014, chronicling bitcoin’s origins to its explosive growth in 2013. http://newsbtc.com/2014/03/17/bitcoin-documentary-film-rise-rise-bitcoin-debut-tribeca-film-festival/
In Fall 2014, undergraduate students at the Massachusetts Institute of Technology will receive $100 in bitcoins “to better understand this emerging technology”. A student had the idea of a Bitcoin Club and raised more than half a million dollars from a high frequency trader. Hern, Alex (30 April 2014). “MIT students to get $100 worth of bitcoin from Wall Street donor”. The Guardian. 1 May 2014.
Big data is the term for a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications. It has been the buzzword of the last couple years, and many businesses today want to “Get Started with Big Data”.
When I start discussing with clients what they want to do with big data, more often than not I get puzzled looks. It is important to have the preparedness to “get started with big data” by having:
- Pinpointed a line of business in the company to get started with the use cases
- Identified use cases that serves a true business needs within that line of business
- Verified that there’s indeed large amounts of meaningful data available to support the use cases
Above is the snapshot of the mindmap showing some sample use cases. You can download the original mindmap from the links at the original post.
This is an interesting analysis on adoption of smarter planet solutions by various industries. It leverages a mindmap to organize the challenges and advantages for industries in embracing the smarter systems.
Here’s the snapshot of the mindmap from the link:
Some believe “money” has been one of the most important abstractions that human beings have devised. But the digital economy and adoption of electronic and mobile commerce have been waning the role of cash. I just saw IEEE ‘s special issue on the future money which I thought you might find it interesting and informative. You can access it by clicking here. Enjoy it!