Decentralized Services Responsible for On-demand Worker Class Creation?
Decentralized and so-called on-demand services are facing a lot of uphill struggles these days. Not just due to the legal and regulatory considerations, but there is one major topic of debate that has not changed since day one. Is an on-demand contract an employee, a self-employed person, or should they be categorized differently? By the look of things, that last option seems to be the best choice for now. Whether or not the creation of an on-demand worker class would less the scrutiny from government officials against decentralized services remains to be seen, but the idea does seem to....
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A new Demand Institute's study finds that the demand for expanded access to financial services, which could add an estimated $650bln in Chinese consumer spending over the next 10 years, has been going largely unmet. The report, A Wealth of Opportunity: Chinese Consumers and Their Shifting Demand for Financial Services, states that there exists an untapped demand among Chinese consumers for household financial services products, including deposit accounts, credit cards and debit cards. It further elaborates that the evolution of this demand in China would be different to that of other....
Decentralized crowdfunding startup Swarm has announced the first class of businesses that will feature on its bitcoin-powered platform. The crowdfunding platform's application process saw a number of groups submit applications, with a select few advancing to the video presentation stage. Entrepreneurs hoping to take part in the initiative pitched their projects, all emphasizing the importance of decentralized innovation. The company now says that five companies and organizations comprise its first class: Manna - a developer of smart personal drone networks. Coinspace - an operator of a....
This morning, I awoke to an individual on Twitterletting me know, in no uncertain terms, that bitcoin and social issues were unrelated. Since literally everything is related to everything else in some way, I'll assume what he meant is that bitcoin and social issues are particularly far apart in terms of overlap. This is of course absurd. While "social issues" is a term which needs to be defined prior to further discussion, the "social issues" that particularly interest me are issues of poverty, class, mobility, equality of opportunity and access to resources. Access to banking and....
“The volatility you see in it today just has to play itself out,” JPMorgan’s director of asset and wealth management said. Despite Bitcoin (BTC) not yet emerging as an “asset class per se,” JPMorgan considers it important to meet the demand for cryptocurrency investment, according to a senior wealth management executive.A large number of JPMorgan clients see digital currencies like Bitcoin as an asset class, the company’s director of asset and wealth management, Mary Callahan Erdoes, said.In a Bloomberg interview released Tuesday, Erdoes stressed that the bank will continue providing....
Xiaomi, one of the biggest mobile phone and tech companies in the world, has introduced a patent that implements blockchain technology for the creation of its own virtual characters. The patent, introduced in China, mentions that the creation of these characters will be randomized thanks to the introduction of a gene sequence, responsible for determining the looks of the character.
Xiaomi Introduces Blockchain in Character Generation Patent
More and more industries are including blockchain as part of their new products due to its decentralized and immutable traits. Xiaomi, a....