Excellent news to see the kickstarter up and running - with 6 pledges already! I've shared it on Facebook and in a couple of groups.
I might have an update on a video tomorrow - which I may make a couple of modifications to after receiving the first copy given a few of DNotes Global's advancements (including mentioning the name etc). Version 2 could serve as a great introduction to "DNotes Global".
Entering final 6 weeks of university, which is keeping me busy with my part-time job and small business. The book is immeasurably helpful and makes so much sense when one analyses what they want to be doing when comparing the short-term and long-term goals on the individual. It is very pleasurable to watch / be involved in a project from beginning to completion a long time later.
The cash crisis and speculative abandonment of the Euro is hardly surprising. When governments are not able to control their currency (which they never should anyway), it leaves fiscal policy (spending and taxes) as the only short term option to control their economic growth. This often has disastrous effects.
The real significant and true value of the book may not be realized for years. It will be dependent on how fast we can get the word out to the right people. I certainly need every bit of help from you to help get the word out. Support the Kickstart campaign if you can. You can pledge as little as $5 and that will go a long way towards the success of the campaign. Not so much to sell more books but because I truly believe that the book is a source of much needed inspiration to new startups and entrepreneurs who can always use a helping hand. There is always a little more one can learn. To be the best in any endeavor it takes a continuous and relentless commitment towards excellence. We all are capable of doing better than we may realize. And we can do even better as a team in unified efforts to achieve common goals for the best mutual benefits of everyone. In essence, that is what DNotes is attempting to accomplish. It goes way beyond getting the price of DNotes to go up so that we can cash in before others. DNotes' real value will be reflected as a currency with a purpose that can only be accomplished over the long term with mass participation. Be sure to check out the book. It is especially helpful for many young entrepreneurs to learn early that a business is much like a champion sports team. It takes a lot more to win the championship than just having a few star players. You can learn a great deal more from the book as to what else matters to be the consistent winner. I simple do not believe that success in business is an accident or a lucky draw. If it is you will most likely spend it all and struggle until you finally learn. Read the next post- a quote from Alex Yong. I am a witness to this true story. |
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Quote from: indiamikezulu on Today at 03:20:29 AM ‘ . . . the collapse of the single currency area and wider EU was believed by some to be a question of "when" not "if".’ http://www.telegraph.co.uk/business/2016/05/04/even-small-crisis-enough-to-tear-eu-apart-moodys-warns/Hmmm . . . I pulled the quotation below after the quotation above. Tee hee -- anyone wanna guess the manner in which the threat of huge fines will impact on the ‘when-or-if-ness’ of the Eurozone collapsing? ‘The European Union announced a plan to deal with a flood of asylum seekers, requiring member states to accept them under a quota system or face fines of €250,000 ($385,000) per migrant.’ http://www.smh.com.au/world/migrant-crisis/refugee-crisis-central-europe-told-settle-migrants-or-pay-385000-fine-per-person-20160504-gomli2.htmlAnd do read just the paragraph that this quote is from: ‘ . . . we are not the only ones hitting the buffers . . . ‘ http://www.telegraph.co.uk/business/2016/05/05/its-time-to-don-the-tin-hats-britain-the-economy-is-grinding-to/Quote From Shepherd Today: This is the gloomiest report yet. Most serious incidents in our history are the result of the built-up of many minor events or crisis. A "small crisis" threatened to set off an uncontrollable chain of events that would "threaten the sustainability" of the EU and its institutions.People are only willing to put up with a certain amount of pain and suffering for so long. Eventually something has to give. “… endless austerity demands in return for bail-outs had fuelled deep resentment across the region, especially in countries weighed down by sky-high unemployment.” This is now reaching a boiling point – a rather high risk. " The risk of “accidents” remains high in a process that suffers from partial solutions and, increasingly, public skepticism," What is most troubling is that the rest of the world economy, with the exception of US, is struggling too. A major financial setback in Europe will have a very negative impact worldwide. The vast majority of US consumers are hanging in there by their finger-nails. Any prolonged economic retrenchment could be very pain to US as well.
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Cryptocurrencies have been "backed by" gold, dope, horse urine, and even other cryptocurrencies. However no other cryptocurrency has been backed by a real life revenue stream... until now. Chalk that up as another first for DNotes! Thank you for your support and confidence in DNotes. We trust that the book will eventually be a significant revenue generator for the newly incorporated company, DNotes Global, Inc. which is 25% owned by all of DNotes stakeholders. This is a for profit company with a focus to expand DNotes ecosystem and technology advancement. This is a unique strategy that, given time and success, could provide DNotes significant leadership opportunities in our industry. Above all, it will support the fundamental value of DNotes as the currency continues to appreciate. For more details, read Chapter 15 of the book, "The Four Pillars of Business Success" The DNotes Story. |
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Everything looks amazing and the endless hours of hard work is evident in the quality delivered! With a book this good, there will be no problem reaching this goal. CryptoMoms has tweeted.  Chase, thank you for the enormous support and encouragement you have been giving us. We are very appreciative of that. What inspires me everyday is the fact that there are people like us who recognize that a lot of business owners and their employees are struggling to keep their companies and their jobs, often time knowing that there is nothing left that they can do. They are often confronted with very few options, compounded with the fear that they could ended up loosing everything. DNotes is a purposeful currency. Together with the book, I believe that we are now operating at a different level; one that will give us the tools, infrastructure, and credibility to reach out to the business communities and organizations to start making a difference. We all need to work hard in getting the word out. I hope that many of you will join us in our efforts. Support our Kickstarter campaign if you can. Reach out to me if your business or someone you know that is in business needs help. Helping business to get better is what I am very passionate about. |
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Woo-Hoo I just saw! Congrats Alan! Everything coming on the right place! Love this community! Best regards Nele Thank you, Nele. Always good to see you. The book is quite an accomplishment and will open a lot of doors for us. However, what is most important to me is that we will be able to reach out to help a lot of small business owners and their employees. Many small business owners around the world are struggling because of increasing cost burdens due to increased government regulations, taxes, and bank charges. We are firmly committed to help them reduce their transaction cost. Above all, the book will be a source of inspiration for both the employers and their employees to work closely together for the mutual benefits of both parties. It will take a little time for the word to get out. But, I am confident that this book will be of immense help to a lot of people. Eventually, it will become the pathway to mass acceptance of DNotes. Nele, I am very happy to learn that GMC is doing very well, especially with your new set-up for anyone to purchase "GAME" with Paypal. That is a great feature. All our best to you. |
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Fascinating article. In China, savvy entrepreneurs are making millions a year by mining bitcoin. Danny Vincent visited one of the world’s biggest facilities of its kind to film the activity and people within.
By Danny Vincent 4 May 2016 On the edge of a tiny Chinese town is a strange building where you can get an insight into the future – and only a handful of people know what is happening inside. I am on my way to visit one of the biggest bitcoin mines in the world: where up to $8m in digital currency is generated per year by solving complicated mathematical algorithms with computers. The location is secret and I have been invited under the strict condition that I live onsite with the miners. The owners don’t want to broadcast their specific location, because while the Chinese government is neither officially pro or against bitcoin, the huge amount of money flowing from these mines is outside state control. The town itself is so high up in the mountains that you have to bring your own cans of oxygen. Mobile phone signals frequently disappear around the mountains and valleys that surround the township. But high speed wi-fi makes video calls and chat apps the main mode of communication. Read more: http://www.bbc.com/future/story/20160504-we-looked-inside-a-secret-chinese-bitcoin-mine |
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Oops! Andresen backs off his support: https://www.cryptocoinsnews.com/gavin-andersen-craig-wright-blog-mistake/Has anyone noticed that every time Craig Wright defends his claim to be Nakamoto it's with something he will provide in the "future"? "I'll move a bitcoin soon..." "I'll provide irrefutable proof soon..." Guess it takes time to fabricate that "proof" eh? Oh well, back to life as usual... Great observation, RJF. |
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This is from 2015, but I doubt much has changed. This small business owner paid almost $7,000 in bank fees in one year, including a $2,150 application fee for a small business loan, $971 for a letter of credit, and monthly account fees of around $250. "Gardner was also charged a monthly account fee of $25 for the 10-year length of the loan, which amounts to $3,000." - sounds like he had to pay this in full, up front. Bank fees for small business: Where's the value for money?http://www.cbc.ca/news/business/bank-fees-for-small-business-where-s-the-value-for-money-1.3045924Chase, thanks for posting this. In the essence of time I read the article briefly. If anything, the situation is more likely to be worse today. The banks everywhere are pilling up fees on business accounts, often times difficult for small business owners to understand or justify. SBA in Canada and the US would appear to be doing a great job. For the most part, they are. Unfortunately, many business owners may not realized the added cost and risk they are signing up for. On top of the fees, business owners must provide personal guarantee, first or second mortgage on what they own as well as any company's assets. If the business fail, (60% chance in five years) the owners often ended up loosing more than just the business. They are still liable for any unpaid balance. Looks like this kind of discussion could be in valuable at our new site: https://fourpillarsofbusinesssuccess.com/The Letter of Credit commitment to the landlord is not something many new entrepreneur may understand. It is in effect a bank guarantee, but you are still totally liable if you default on the rental agreement. I would have absolutely negotiated it out of the rental agreement. It not a liability I would ever signup for. It is bad enough to lose your business. You must protect yourself in case it fails. Getting a clean start must be a part of your "plan B." |
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You know the gender gap in cryptocurrency is shrinking when: CryptoMoms Twitter follower - Caitlin Long @caitlinflong "WOW! There's a line for the women's room at a #bitcoin conference--this may be a first! Yay!! #Consensus2016"  Very nice! Moving in the right direction! That is excellent. We will continue to do our part. |
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Excellent article, Thomas. Like everything else, it takes time and scale to finally get there. Frictionless acquisition and payment features with great security and in full compliance with regulatory requirements are the ideals. That is our vision but it will take years to get there. In the mean time, there are lots of great ideas being tested and we are keeping a careful watch. I was impressed to learn this morning that one can purchase $5 of "Game" (Game Credits) using Paypal any time. Great job to our friends at GMC. |
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From CryptoMoms Forum:
Quote from: indiamikezulu on Today at 01:38:26 AM
I'll follow this with interest, Shepherd.
And my thoughts on the Aussie Satoshi? Well, perhaps we could all take turns claiming to be him, and use each opportunity to explain cryptos to the mainstream media:
'Press Release: Farm-House Guy Claims to be Bitcoin's Inventor. Likes gardening and watching emus. Says Bitcoin is good but Dnotes is better. Details at nine.'
Quote From Shepherd Today:
Very funny, Mark. Should I try and see if I have a "Satoshi" looking picture somewhere? You could claim that you met me years ago in the Indonesian Borneo jungle ..bah bah, bah, ... lol.
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Thanks, Chase. Good to know that SBA has been trying a little harder these days. The book will be a significant help to many small business owners. I am gearing up to give it a big push. |
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We are extremely busy getting ready to launch the Kickstarter campaign for the book later this week. Any extra efforts to help support this forum will be greatly appreciated. We will be posting more information later in the week. Meanwhile, you can read a fairly comprehensive chapter summation of the book at: https://fourpillarsofbusinesssuccess.com/book-preview/I trust that this book will be invaluable to many employers, employees, and anyone interested to start their own business. I have passionately made every effort for it to be a great inspiration and guidance for every entrepreneur. It is my intent to be helpful to anyone I can help. There are too many people struggling just to stay afloat. |
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And so the saga continues but I agree that, " if Dr Wright can move one of Satoshi's bitcoins - as promised - that should convince many of the doubters.
But don't expect everybody to be convinced." The Bitcoin affair: Craig Wright promises extraordinary proofRory Cellan-Jones Technology correspondent Craig Wright's spokesman told the BBC that the Australian would "move a coin from an early block" known to belong to the crypto-currency's inventor "in the coming days". The entrepreneur announced he was behind the pseudonym Satoshi Nakamoto on Monday. Critics have said that the evidence produced to date is unconvincing. In a new blog - published after I first wrote this article - Dr Wright said it was right that the public was sceptical about his claims, but added that he would soon present "extraordinary" evidence to support his case. "I will be posting a series of pieces that will lay the foundations for this extraordinary claim, which will include posting independently-verifiable documents and evidence addressing some of the false allegations that have been levelled, and transferring bitcoin from an early block," he wrote. "For some there is no burden of proof high enough, no evidence that cannot be dismissed as fabrication or manipulation. This is the nature of belief and swimming against this current would be futile. "I will present what I believe to be 'extraordinary proof' and ask only that it be independently validated. Ultimately, I can do no more than that." You can read the strongest attack on Dr Wright in this post on Github, where his original post was described as "flimflam and hokum which stands up to a few minutes of cursory scrutiny, and demonstrates a competent sysadmin's level of familiarity with cryptographic tools, but ultimately demonstrates no non-public information about Satoshi." Read more: http://www.bbc.com/news/technology-36193006 |
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I can think of several compelling possibilities for it to be a lie, the options would be: 1. He is telling the truth:
He has some crazy incentive that for one reason or another makes it beneficial for him in some way to be known as Bitcoin's creator - a business venture or something whatever. A venture like this would be an equally compelling reason for him (Wright / Nakamoto) to want to remain anonymous for so long too. He is obviously somebody who is very libertarian and doesn't like paying tax - the distrust in government and belief in not paying tax that would potentially be a driver in Bitcoin's creation is also there.
2. He is lying:It is beneficial for him to be Nakamoto because of the new fame that he would ascertain - and book deals and contracts and speaking fees would be made possible to give juice to his new business ventures. I imagine he would also be needing money rather urgently if the Australian tax authority is trying to screw him. It also works well for Nakamoto to have the world think he is somebody else. Nakamoto has been quiet for so long - so why would he just change tac and let everybody know who he is? Deception is a preferable option to having every man and his dog looking out for his real identity. Satoshi has more than 1 million bitcoins and the moment he moves them people will begin trying to use the forensic evidence to work out his true identity no matter what - at least if Satoshi can collaborate with somebody else to pretend they're him, then he can work with them to smuggle around the money without getting absolutely rolled over by the government who will be watching that account very closely for any transactions and exchange endpoints that lead to a bank account, revealing his true identity. In this part, one of the crux's is of course that other prominent Bitcoin people claim to have seen enough evidence to believe that Wright was the man they worked on Bitcoin with back in 2009/10. More importantly, it also rests on whether the evidence that Wright has provided is trustworthy - he seems unprepared to make more proof for everybody (i.e. sign another transaction) because he doesn't want to "jump through hoops" or whatever he said. There is also the possibility that with a tax investigation going on about him, he may have made this claim to crash the price of Bitcoin, so to buy up a large order or Bitcoin, and then sell once the price recovered. It would be pretty easy to pull off if you knew that the real Satoshi Nakamoto had passed away, or was allowing you to do so uncontested. He could also be compelled to lie with threats - there are many parties who would benefit from somebody like Wright claiming to be Bitcoin's creator (whether true or not). This wouldn't be limited to people who would use Wright to destroy the Bitcoin network after the community demand that the father of Bitcoin return to further its development. Then, the Australian Tax Authority raids in December 2015 part:All I know at this stage is that within hours of the original Wired and Gizmodo stories claiming that he was Bitcoin's creator in December, that his home was raided by the Government. There are several reasons for why this would have been directly as a result of the media release, and not the result of an *unrelated* long-running tax investigation that led to Wright's home being raided only hours after the claims release... One would be that the moment that his identity was revealed, he would be more likely to make a mistake, or have his Private cryptographic key lying around (paper wallet) or have his computer wallets opened while considering what to do with his Bitcoin's if he was worried about being extorted, or about unwelcome visits from the government and/or people who suddenly knew how wealthy he was. Given the government had a *long-running* investigation on him, it would be highly probable that the government would believe the story to be true (because nothing is more convenient for the government to look at libertarians like Wright as tax evaders, and of course, Bitcoin = tax evasion, drugs, and terrorism). The government probably figured that if Wright was indeed Satoshi then right then and there would have been the most opportune moment to raid Wright's home and seize all of his Bitcoins which they would otherwise never have been able to tax. They could also force collaboration from him to rejoin the project / develop it further in line with their desires and then destroy the system and blame its "unregulated nature" to be the cause. This would allow the fiat money boom/bust cycle to go one more round (less likely). Then again, being raided only hours after a media release, is there something the government knows that we don't? It wouldn't even be worth asking if his house was bugged and all his communications monitored - however the creator of Bitcoin is probably quite interested in end to end encryption  . Perhaps the Australian government were just concerned Wright would try to disappear with $500m of Bitcoin if he was, in fact, Satoshi - and then prudentially raided his property to ensure that he 1. didn't get away, and 2. maximised the probability of seizing the bitcoins. I guess there will be a lot in the media about why this is important - I personally prefer Satoshi to remain anonymous. This is probably a better layout of the potential scenarios than you will ever find on coindesk or any other media blog who will just post whatever somebody says, and ignore the motivations. Personally I find the best way to figure out what the truth is in the absence of information and proof is to list the possibilities, and then analyse which options are the most likely given restraints of both capability and probability. There are other more obscure angles, but people can make up their own mind which are most likely. Perhaps our resident Australian IMZ has a view on this. And with that I'll switch off my thinking hat so nobody thinks it is made of tinfoil! While I think this is all very interesting, I also think finding Satoshi's identity to be irrelevant. The technology has been released, and it is what we do with it from here that is important. Thanks, TeeGee. Very interesting perspective. I am have a very busy week but will drop in when I can. We are scheduling to launch the Kickstarter campaign on the book "The Four Pillars of Business Success" this week. A fairly comprehensive chapter summation is available at: https://fourpillarsofbusinesssuccess.com/book-preview/ We need a few more "opinion quotes" if you can help out. Thanks. |
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If this is true - which it potentially is given the Gavin Adresen evidence (unless it is be an elaborate ploy to confuse in conjunction with Nakamoto), it will not come as a surprise to everybody. Craig Wright revealed as Bitcoin creator Satoshi Nakamoto"Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto. His admission ends years of speculation about who came up with the original ideas underlying the digital cash system. Mr Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin's creator. Prominent members of the Bitcoin community and its core development team have also confirmed Mr Wright's claim." Read more: http://www.bbc.com/news/technology-36168863Coindesk and other media are pointing to doubts about the evidence provided however: http://www.coindesk.com/doubts-cast-craig-wright-bitcoin-proof/All pretty irrelevant at the end of the day -- It seems like when you light a fire near a rabbit hole so that the rabbit will move and exit another hole where it can be caught. Interesting - but maybe we should all get back to fixing the worlds money creation problem? Exciting things ahead. Quite convincing, but may be best to remain open minded. I trust that we all have been fooled by the media more than once. I am most interested to learn about potential implications to our industry if this claim turns out to be true. |
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This debate is definitely worth watching:https://tcf.org/content/event/debates-century-nyu-wagner-government-lawful-access-encrypted-message-device/ Fareed Zakaria and Edward Snowden Debate the Limits of Encryption By Kevin Rizzo | April 27, 2016 “Government should have lawful access to any encrypted message or device.” That was the resolution at the center of a debate between CNN’s Fareed Zakaria and Edward Snowden, former NSA contractor and infamous (or famous, depending on your opinions) leaker of classified information. Source: http://lawstreetmedia.com/blogs/technology-blog/fareed-zakaria-edward-snowden-debate-limits-encryption/ |
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There have been all kinds of use cases for blockchain. Frankly, a lot of them are on the borderline of being silly. However, using "blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials" could have merits. I have some interesting ideas alone those line. Like any big bold ideas there are challenges must be addressed successfully. Ascribe Forms Alliance with Japan HR Firm Recruit Tech to Test Blockchain for HRHans Lombardo April 27, 2016 German blockchain startup Ascribe and Japan-based human resources tech firm Recruit Technologies have formed a strategic alliance to bring blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials. Recruit Tech, a subsidiary of Recruit Holdings Co. – a major information services and human resources company in Japan, will leverage Ascribe’s web service to develop blockchain-backed cryptographic Certificates of Authenticity. To overcome scalability issues with traditional blockchains, Recruit Tech will also be using BigchainDB, a scalable blockchain database developed by the Ascribe team. The goal of these tests is to examine the possibilities and practical uses of how blockchain technology can be applied to the human resources sector and develop a prototype resume authentication database for job hunters. Osamu Yonetani, CTO of Recruit Technologies, stated: “With a resume authentication database, the verification of official certificates and contracts, which have until now been typically done on paper, could be carried out using the blockchain database. As a result, the effort of collecting multiple official certificates would be reduced for those searching for jobs. The companies being applied to could also handle confidential official certificates safely and without worry of misrepresentation.” The two partners hope the result of these efforts will encourage data-sharing among different institutions and allow for data-mining based fraud detection. Record credentials will be stored on the blockchain and tamper-proof Certificates of Authenticity will be generated via digital signatures. While HR is being used a pilot use case, the intention is for Recruit Tech to leverage this technology across the many different industries Recruit Holdings Co. works with. HR is one industry where fraud manifests in forged or altered documentation including completely fabricated documents like school credentials or previous employment records. Another common example is foreign documents that are mistranslated, improperly representing the original or completely changing their context. Bruce Pon, CEO of ascribe, noted: “This type of fraud is common worldwide. With blockchain technology, an institution can issue a degree to a student in a cryptographically secure, immutable, public fashion. By leveraging this technology, Recruit Technologies will find a way to address a variety of fraud issues, greatly reducing fraud on a large scale and in turn benefiting their customers.” Source: http://allcoinsnews.com/2016/04/27/ascribe-forms-alliance-with-japan-hr-firm-recruit-tech-to-test-blockchain-for-hr/A blockchain based resume verification system? Sounds cool, but I may not want everyone to know I worked at a gas station and grocery store as a kid, or times when I deviated from my career path. The real use case value of using the blockchain here is to "fight fraud in HR credentials." If I were the employer I like some assurances that the paper credentials you are showing me are verifiable to be authentic. You still can submit your job application with your resume or CV (curriculum vitae). |
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Digital Currency Weekly Recap 5-1-2016The New UK Treasury Action Plan to Regulate Exchanges UK Treasury to Exempt Digital Currency Wallets from AML Rules EU Vote Means Crypto Exchange AML Policy Closer to Reality Isle of Man Seeks Rules Tweak to Facilitate Cryptocurrency Gambling New Japanese Banking Legislation Would Equate Digital Currencies to Fiat Currency http://dcebrief.com/digital-currency-weekly-recap-5-1-2016/ This is a significant attitude change for the better. I have always taken the position that digital currency is money as to fiat currency is money. Admittedly, none of the digital currencies at this time meets the full functions well; rendering itself at this time an inferior form of money. DNotes has always recognized this fact and has been working hard to change that. We are on a mission to build DNotes as a trusted digital currency that meets the full functions of money. And it is our ultimate vision that DNotes, one day, be superior in functions to money. Those who understand and appreciate what we are working to accomplish will also understand that this is a massive undertaking but it comes with enormous value once accomplished. Accordingly, DNotes is a long term investment and not the easiest to understand if not followed closely. New Japanese Banking Legislation Would Equate Digital Currencies to Fiat CurrencyThe Japanese government has recently moved on a number of legislative proposals that would alter the status of digital currency within the nation – and this time, for the better. The approved bills would grant banking interests the power to recognize cryptocurrency for what it is: an asset with real value. That acknowledgment would pave the way for Japanese financial entities to more effectively pursue FinTech benefits, try out new innovations, and identify new solutions for their customers. |
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There have been all kinds of use cases for blockchain. Frankly, a lot of them are on the borderline of being silly. However, using "blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials" could have merits. I have some interesting ideas alone those line. Like any big bold ideas there are challenges must be addressed successfully. Ascribe Forms Alliance with Japan HR Firm Recruit Tech to Test Blockchain for HRHans Lombardo April 27, 2016 German blockchain startup Ascribe and Japan-based human resources tech firm Recruit Technologies have formed a strategic alliance to bring blockchain technology to the human resources industry to increase transparency and fight fraud in HR credentials. Recruit Tech, a subsidiary of Recruit Holdings Co. – a major information services and human resources company in Japan, will leverage Ascribe’s web service to develop blockchain-backed cryptographic Certificates of Authenticity. To overcome scalability issues with traditional blockchains, Recruit Tech will also be using BigchainDB, a scalable blockchain database developed by the Ascribe team. The goal of these tests is to examine the possibilities and practical uses of how blockchain technology can be applied to the human resources sector and develop a prototype resume authentication database for job hunters. Osamu Yonetani, CTO of Recruit Technologies, stated: “With a resume authentication database, the verification of official certificates and contracts, which have until now been typically done on paper, could be carried out using the blockchain database. As a result, the effort of collecting multiple official certificates would be reduced for those searching for jobs. The companies being applied to could also handle confidential official certificates safely and without worry of misrepresentation.” The two partners hope the result of these efforts will encourage data-sharing among different institutions and allow for data-mining based fraud detection. Record credentials will be stored on the blockchain and tamper-proof Certificates of Authenticity will be generated via digital signatures. While HR is being used a pilot use case, the intention is for Recruit Tech to leverage this technology across the many different industries Recruit Holdings Co. works with. HR is one industry where fraud manifests in forged or altered documentation including completely fabricated documents like school credentials or previous employment records. Another common example is foreign documents that are mistranslated, improperly representing the original or completely changing their context. Bruce Pon, CEO of ascribe, noted: “This type of fraud is common worldwide. With blockchain technology, an institution can issue a degree to a student in a cryptographically secure, immutable, public fashion. By leveraging this technology, Recruit Technologies will find a way to address a variety of fraud issues, greatly reducing fraud on a large scale and in turn benefiting their customers.” Source: http://allcoinsnews.com/2016/04/27/ascribe-forms-alliance-with-japan-hr-firm-recruit-tech-to-test-blockchain-for-hr/ |
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