Blockchain Project in Container Shipping Fails

first_imgzoomIllustration. Source: Pixabay under CC0 Creative Commons license Hong Kong-based 300cubits, one of the pioneers in the application of blockchain solutions to the container shipping market, has decided to suspend the operation of its Booking Deposit Module effective October 1, 2019.As explained, the lack of clarity in regulatory regimes surrounding digital currencies has proved to be the greatest hurdle in the 300cubits’ marketing efforts.What is more, the lack of liquidity for the TEU tokens and the volatility of all cryptocurrencies in general also cast a constant doubt among the users on whether the value of the tokens could be realized.The cloud-based system built on blockchain started accepting trial shipments in March 2018 and was launched into live production in July 2018.The system has had participation from the largest shipping companies such as Sealand of Maersk Group, CMA CGM, MSC and COSCO while the 300cubits has gone the length in its discussions with the rest of the top ten container liners about running trial shipments on the system. Additionally, more than a dozen shippers have tried the system and over 100 registered to get their allocation of TEU tokens, according to 300cubits.When using the system, both carriers and shippers were careful about their commitment. Nearly all except one shipment where booking deposits were placed were executed according to the booking.However, only a couple hundred containers have gone through the system, which is not sufficient to keep the system going commercially, 300cubits said.Specifically, many potential users shied away from trying as they were not sure about what regulatory measures the authorities may take in respect to digital currencies. Apart from this, 300cubits has also learned that shippers face bigger booking pain point than rolling, which is what the system is designed to solve. Instead, these shippers complain that they often could not get their bookings confirmed during peak season despite their booking volume are still within contract commitment.The company further explained that, from its experience, many of the core blockchain features such as immutability and anonymity are either not intuitive or unappealing to the business users.With the system being suspended, 300cubits will burn at least 75% of the TEU tokens that have not been sold or picked up by the industry users. Going forward, 300cubits will burn even more TEU tokens as the ones currently being allocated to industry users circulate back to 300cubits.Moving forward, the company said it would continue with its other projects. It plans to promote the use of blockchain in the areas of transportation and explore the use of other technologies in areas such as shipping and finance.last_img read more

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Alberta eyes tar sands boom

first_imgAPTN National NewsOne of the world’s largest oil companies says they are running out of oil.In its annual financial report, energy giant Exxon Mobil says that for every 100 barrels of oil it has in reserves, it can only replace 95.The Alberta government sees that as its ace in the hole.APTN National News reporter Noemi LoPinto has more.last_img

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Father held bleeding son after RCMP shooting in Norway House

first_imgAPTN National NewsEarlier this week APTN told you about Evan Cromarty, the 20 year-old man shot by the RMCP on the Norway House Cree Nation in northern Manitoba.Cromarty’s father spoke to APTN’s Shaneen Robinson about his son and the shooting incident.last_img

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King Mohammed VI Launches 16th National Solidarity Campaign in Meknes

first_imgMeknes- King Mohammed VI launched Saturday in Meknes, the 16th National Solidarity Campaign, a royal initiative that illustrates the commitment of the Sovereign to the promotion of the noble humanitarian, civilizational and religious values of the Kingdom.Under the chairmanship of the King who established, since his accession to the throne, social work as a national priority, this campaign has become an annual event meant to strengthen the Moroccan social fabric. The campaign, held on November 9- 17 by the Mohammed V Foundation for Solidarity, under the motto “United to help the poor,” also stems from the will of HM the King to foster the culture of solidarity among all Moroccans, offering them the opportunity to renew their attachment to their civic values by contributing for the benefit of millions of poor people across the Kingdom. The solidarity campaign is designed to raise funds to finance social projects and implement action plans that have steadily evolved over the years to meet the needs of the target populations.On this occasion, the King inaugurated a building trades training center, a project that meets the qualification requirements of youth in the region of Meknes-Tafilalet, and which is in line with the Action Plan of the Mohammed V Foundation for Solidarity, which places a special interest in youth training as a the best tool for youth social and professional integration.The Training Centre of Meknes aims to promote youth employability through providing training in building trades and public works, and will be an engine for development and promotion of the construction sector in the region.The center provides training to 1,000 students in the field of electricity, construction, aluminum, plumbing, painting, glazing, facades coating. The center also includes a laboratory of civil engineering, and drawing, computer rooms, as well as workshops for practical masonry, a learning resources area, a trainers’ lounge, and a store.Worth around 19.5 million dirhams, the new facility is jointly funded by the Mohammed V Foundation for Solidarity (5 MDH), the Office of Vocational Training and Job Promotion (8 MDH), the Meknes City Council (2.5 MDH), the National Initiative for Human Development (2.5 MDH), and the Provincial Council (1.5 MDH).After visiting different areas in the new facility, the King handed over support checks of 3,240 million dirhams to 25 associations and co-ops, mainly in the region of Meknes –Tafilalet.last_img read more

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Skippings appalled by depleted GT Police Force down to 23 he says

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 10 Dec 2015 – Out of date equipment and little investment in professional training are what the police force faces among other things says former Chief Minister and Progressive Democratic Alliance leader, Oswald Skippings. Skippings in criticizing the Police Force executives for relocating officers from Grand Turk to Provo, says the move has left 23 officers in the nation’s Capital.  In the news release, the report is there are mounting frustrations amongst the Police, including contention over a reported salary disparity.  Skippings reveals that foreign officers are getting $3,000 per month for living allowance, while local police redeployed to Provo receive only $650 according to Oswald Skippings.  The PDA is the second political party this week to speak out on the re-deployment; the PDM earlier said it got a report confirming the move from the Police Force.  Opposition Leader Sharlene Robinson said the PDM would continue to monitor the situation.  The PDAs Skippings in a media release is not interested in waiting, he slammed the PNP Administration.“The government is of no use to its people and seems totally out of touch with the oppression and abuse of our people.”  Earlier in the week we asked Oswald Skippings if he was secretly recording potential candidates for his party; we still have no reply on that issue. Recommended for you PDA to hold Provo rally tonight Related Items:bahamas police force, oswald skippings, progressive democratic alliance Facebook Twitter Google+LinkedInPinterestWhatsApp PDA takes rally to Five Cays PDA Leader calls for Ministry of Health to be more visible in their fight against Zikalast_img read more

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Khaleda goes to HC challenging EC

first_imgBNP chairperson Khaleda Zia. Prothom Alo File PhotoBNP chairperson Khaleda Zia filed a writ petition with the High Court challenging the legality of the election commission’s decision that rejected all her three nominations for contesting the 30 December election, reports UNB.Lawyer Nowshad Jamin, on behalf of Khaleda Zia, filed the petition with the concerned High Court bench on Saturday morning.The bench of justice Syed Refaat Ahmed and justice Md Iqbal Kabir is likely to hear the petition on Tuesday, said lawyer Kaiser Kamal, a counsel of Khaleda Zia.Earlier on Saturday, the election commission upheld returning officers’ decisions cancelling the candidature of jailed BNP chairperson Khaleda Zia for forthcoming national election.On the basis of majority opinions of the five election commissioners, the commission pronounced its judgment turning down Khaleda’s petitions filed to it to get back her candidacy in Feni-1, Bogura-6 and 7 constituencies.The lawyers of BNP chairperson Khaleda Zia on Wednesday filed appeals with the election commission against rejection of her nomination papers of three constituencies.On behalf of Khaleda Zia, lawyer Kaisar Kamal submitted the appeal for Feni-1 constituency while lawyer Nowshad Jamin for Bogura-6 and lawyer Masud Ahmed Talukder for Bogura-7 constituencies at Nirbachan Bhaban in the city.Earlier, the EC on Sunday (2 Dec) ditched Khaleda’s all the three nomination papers filed for contesting the polls from Feni-1, Bogura-6 and Bogura-7 seats for her conviction in two graft case.On 29 October, Khaleda was convicted and sentenced to seven years’ rigorous imprisonment by a special court in Dhaka in Zia Charitable Trust corruption case.Khaleda landed in jail after being sentenced to five years’ imprisonment in Zia Orphanage Trust case by the same court on 8 February. The High Court later on 30 October extended her jail terms in the case to 10 years.last_img read more

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In the spirit of healthy competition

first_imgThe handicraft industry in India had propelled in the recent past and to acknowledge that an award ceremony has been planned out. The awards for outstanding performance in exports of handicrafts for the year 2013 – 14 and 2014 –15 will be distributed on the January 9, to 66 and 68 exporters respectively involved in handicrafts production and exports from the country to the world markets at the Convention Hall, Hotel The Ashok, Chankayapuri, New Delhi. Also Read – Add new books to your shelfWhile Smriti Zubin Irani, Union Minister of Textiles will be the Chief Guest, Ajay Tamta, Minister of State for Textiles (Independent Charge) will also grace the export award ceremony. KK Jalan, Secretary, MSME and Additional Charge of Ministry of Textiles will be present during award function beside luminaries from the trade and industry, exporters of handicrafts, said Rakesh Kumar, Executive Director – Export Promotion Council for Handicrafts. The institution of export awards on yearly basis has evolved and is being implemented by Export Promotion Council for Handicrafts (EPCH), which is an apex body for development and promotion of exports of handicrafts from the country. The export awards are given based on the export performance of the exporters and are selected by Export Awards Selection Committee chaired by Development Commissioner (Handicrafts) or his nominee (Addl Development Commissioner – Handicrafts) and members of Committee of Administration of the Council. Five types of awards are given to the exporters of handicrafts based on their highest export performance which are duly attested by their Chartered Accountant viz top export award (all handicrafts) and top export award (product categories); Women entrepreneur award; and Regional export award. Also Read – Over 2 hours screen time daily will make your kids impulsiveRakesh Kumar also informed that the objective of giving away export awards is to create a sense of healthy competition amongst the exporters and to encourage wholesome competition through the institution of such prestigious awards. The awards have become a coveted recognition amongst the handicraft exporters as more and more exporters strive to receive this award. There will be 53 recipients of trophies ( including hat trick) for 2013 – 14 and 2014 – 15 under each product category. Eight companies which are totally run and directed by women will be given trophies as women entrepreneurs for the two years. 42 merit certificates will also be given to those who stand second in the export performance in each product category. 28 merit certificates for excellent export growth in specific product categories and 11 merit certificates regional awards will also be distributed. Apart from above, life time achievement awards for outstanding contribution towards handicraft sector will also be given.last_img read more

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4 LesserKnown Ways Artificial Intelligence Is Changing Business Today

first_img Register Now » September 25, 2017 6 min read Growing a business sometimes requires thinking outside the box. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global The rapid growth of technology is transforming businesses every day, and no technology is more poised to revolutionize nearly every industry in the next decade than artificial intelligence (AI).Related: Why Small Business Should Be Paying Attention to Artificial IntelligenceSince 1956, when it was introduced as an academic discipline, AI has generated both optimism and disappointment. However, it has been on a relatively upward projection since 2000, finding particular vigor in leveraging statistical approaches to machine learning, which in turn has rendered many previously used tools and schools of thought obsolete.As the field of AI continues to innovate, and machines and systems become more capable, technological solutions that used to be considered as futuristic AI, like optical character recognition, have become routine — effectively losing their “AI” status. Other technologies yet to be conquered — like driverless cars, and the artificial re-creation of human speech — are still being developed as AI.Many futurists have talked about the dangerous possibility that AI machines will eventually take control of humanity and destroy the world. Even though most of these prognostications mix speculation and superstition, this school of thought has persevered — consider the news of some successful Turing Test exercises.However, many AI researchers and scientists have refuted this stance, saying that, ultimately, AI is simply a very effective tool for processing, analyzing and comprehending massive amounts of actual human data.One thing is certain: Direct or indirect AI adaptation for businesses and individuals will continue to proliferate. And the journey is going to be exciting, as we continue to unravel what is possible with this promising technology. AI-based solutions are already being used to tackle pressing problems in business to change the business world. Here are a few ways it’s doing that:1. Making truly autonomous processes possible                                                                                                     While most AI technology for businesses still needs a substantial degree of human supervision and intervention, companies are working to develop technology with human-like cognitive ability, enabling AI systems to truly be trusted to take on autonomous tasks with minimal supervision.Related: 4 Crucial Roles of Artificial Intelligence in Entrepreneurship TodayThis technology has long been a focus of research in the world’s most cutting-edge research programs. Southern California AI disrupter Beyond Limits, for example, is adapting technology utilized by NASA to perform something like the unmanned space mission to Mars. These types of AI solutions can tackle complex problems in energy, transportation and medicine, by offering lightweight AI that isn’t reliant on massive infrastructure.Such AI has the processing speeds and cognitive ability that can parallel an actual human agent’s reasoning and problem-solving process.2. Ushering in the era of “big intelligence”The convergence of better programming through high performance computing (HPC) and big data means that computers can now crunch a massive amount of data and use AI programs to learn from and process that data into useful, actionable business insights.Dubbed by hardware companies like PSSC Labs as “big Intelligence”, the servers and storage harnessing the power of these new computing platforms are allowing companies to process consumer and market data coming from an astonishing array of sources.Real-time or near real-time processing means businesses can keep constantly up to date with better information, better recommendations and more predictive power, to optimize business decisions.3.Optimizing timingTiming is an important factor for any business, as there is a natural ebb and flow determined by many factors, including location, season, holidays and adjacent industries. Grasping this cadence is essential for business owners to succeed.However, even years of experience doesn’t guarantee that any business can accurately assess staff, stock and other timing-related needs accurately. A sudden boom in a particular city, for example, might prompt more traffic to certain businesses than they can handle. Poor weather could dampen the holiday rush in tourist towns, resulting in lower staff needs.Many AI companies are targeting these issues by integrating services to help business owners take advantage of available historic and emerging data, and optimize their business timing, to ensure that they maximize resources when they need it, and minimize waste when they don’t.For example, Ximble is looking to roll out features within its scheduling platform that use AI and machine learning to analyze traffic and retail data for businesses to create automated and optimized staff schedules. Similar features will likely emerge from inventory-management companies, as well as delivery, fleet management, and other similar business SaaS providers.4. Automating lead generation The cost of customer acquisition via lead generation is a critical part of every business. For many businesses, customer acquisition requires extensive cold-calling, trial and error and exploration of multiple channels. Artificial intelligence promises to not only increase the relevance of lead-generation campaigns, but also dramatically reduce their cost, in both time and money, by automating and learning from simple user inputs.Related: The Growth of Artificial Intelligence in Ecommerce (Infographic)By incorporating tag words, a rudimentary search for leads can automatically be implemented. Sugarbot is one of a handful of startups trying to crack this code. As the user within the business makes relevant selections from the results, a lead-generation system incorporating AI can learn, make adjustments and produce continually better and more relevant results within seconds.What takes a sales associate days or months can be achieved in mere hours or days. Opinions expressed by Entrepreneur contributors are their own.last_img read more

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Netflixs teen suicide drama 13 Reasons Why was th

first_imgNetflix’s teen suicide drama 13 Reasons Why was the most ‘in-demand’ digital original in Germany in the second quarter of this year, supplanting Q1 favourite The Grand Tour, according to Parrot Analytics’ Global Demand Report for the second quarter.Click to enlargeParrot Analytics analyses the demand for recent popular digital titles across international markets, based on the application of artificial intelligence to expressions of demand across social media, fan sites, peer-to-peer protocols and file-sharing platforms.13 Reasons Why attracted an average of 5.837 million demand expressions in Q2. Amazon’s The Grand Tour, which topped the rankings in Germany in Q1, slipped to fourth place with an average of 2.15 million in Q2, according to Parrot. The Grand Tour did however see a spike in demand expressions in June following presenter Richard Hammond’s car crash while filming the latest series.Amazon has been seen as the leading international SVOD player active in the Germany market, in contrast to many other international markets, where Netflix is seen as the dominant player.However, for the three months to June, Netflix dominated the top 25 most in-demand digital originals in the country in Parrot’s ranking, with House of Cards and Orange is The New Black taking the number two and three spots respectively.Overall, Netflix took 18 of the top 25 slots in the list, with Amazon taking four – for The Grand Tour, The Man in the High Castle, Bosch and Hand of God.Demand expressions for US police procedural drama Bosch jumped 528% when it was released in April. The show performed best in Germany according to Parrot’s ranking, only appearing in its top 25 in two other countries.Netflix’s Gilmore Girls ranking meanwhile outperformed other markets, despite a lack of new episodes.Amazon’s first German original, You Are Wanted, which was released in March, did not appear in Parrot’s top 25 in Q2.Other non-Netflix originals in the top 25 list for Q2 included high-school drama Skam from Norway’s NRK. The series is officially geo-blocked for copyright reasons, but is evidently attracting interest in any case.As part of a collaboration with Parrot Analytics, Digital TV Europe will provide regular updates on the most in-demand shows across key European markets, based on Parrot’s unique datasets.Parrot’s Global Demand Report for the second quarter will be published next week.last_img read more

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