Crypto 360°

Saturday, 4 August 2018

Private Sector MFs Celebrating Silver Jubilee: ‘Industry Kept Up Reputation:’ A Balasubramanian https://ift.tt/2OJ0EjT

Private sector MFs are celebrating silver jubilee in August 2018. A Balasubramanian, the Chairman of AMFI and the Chief Executive Officer of Aditya Birla Sun Life MF, shares his perspective on the journey of the mutual industry in the past 25 years, during a recent interview.

Indian mutual fund industry has made considerable progress in setting up itself as a standout amongst the most presumed financial market intermediary over the most recent 25 years. Since 1994, the market advanced seeing various cycles of different kinds, said Balasubramanian.

The MF industry moved far from local to global, coordinating with global money related markets progressively. Regulatory environment progressed at the same rate as that of the growth rate of the mutual fund industry and got advanced consistently through learning along the way.

“Mutual fund industry has kept up the reputation of being the caretaker of a large pool of investors’ money with least damage and best possible benefits to its investors,” said the CEO of Aditya Birla Sun Life MF, the private sector MFs company which is the fourth largest fund house in India based on domestic average AUM.

Balasubramanian feels that the regulatory change had remained consistent during his entire MF industry journey, apart from figuring out how to live in VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) world.

It was fundamental that the money managers’ practices be tested in the form of an enhanced regulation. Sometimes, Balasubramanian states that regulation got advanced after observing market practices besides considering the outcome for investors. Actually, the MF industry activities continued to be responsible for the regulatory changes.

Balasubramanian began his journey in the MF industry in 1992. He has great experience in the debt market space before he became the CIO (Chief Investment Officer) and CEO (Chief Executive Officer) at the Aditya Birla Sun Life MF. He has completed nine years as CEO at the fund house.

The AMFI Chairman joined the industry when there were only public sector players, and then moved from public sector MFs to private sector MFs after much hesitation, he said, during the interview with The Economic Times.

The post Private Sector MFs Celebrating Silver Jubilee: ‘Industry Kept Up Reputation:’ A Balasubramanian appeared first on OWLT Market.

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First Successful Blockchain Shipment Publicized By 300cubits https://ift.tt/2OJVxQv

300cubits has declared that it had dealt with its first shipment successfully, submitted utilizing a booking deposit in TEU tokens on July 24, from a shipper on its blockchain-based shipping platform. The first exchange included a container from Mitsui Chemical on an MCC Transport operated vessel from Singapore to Keelung.

Its Booking Deposit Module is presently operational after experiencing half a month of user acceptance tests and a few changes in accordance with its smart contract to lessen mining costs on the Ethereum blockchain. 300cubits reported that its platform was successful in guaranteeing that the shipment gated on July 25 and loaded on July 26, as per the booking plan.

Naresh Potty, Chief Commercial Officer of MCC, stated: “We appreciate arrangements such as the one given by 300cubits that help decrease No Show and Rolling, which, in our view, are a portion of the main torment points harming both our customer and our own particular task.”

He also added that they might want to see more shippers giving a financial commitment at the booking stage. In return, they will give an equivalent promise to guaranteeing these shippers that their shipments will be loaded as per their bookings.

Mitsui Chemical is a leading chemical material and product manufacturer while MCC Transport is a local expert dealing with all Intra-Asia containerized freight for the Maersk group.

In the initial two weeks of the task, 300cubit has taken care of 27 TEU of shipment volume in its Booking Deposit Module. The organization has reported that it is currently pairing participating liners with shippers of their choice to work in their separate pilot program.

In its announcement on the system development, 300cubits stated that they will incorporate an insignificant list of shippers already agreed to accept our solution and join more shippers who still have not joined.

The majority of the industry contacts suggested that the shipment volume this year has not been solid despite we are now in the traditional peak season. However, the transporters’ ability withdrawal has made some space snugness that is adequate to make the shippers worry.

As reported by Port Technology, their solution helps both the shippers and transporters to secure their bookings as per their current contract rates while not including any working capital burden on either party.

The post First Successful Blockchain Shipment Publicized By 300cubits appeared first on OWLT Market.

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नकली दवाओं पर नियंत्रण के लिए ब्लॉकचेन का सहारा https://ift.tt/2vEDwKI

भारतीय बाज़ार में नकली दवाओं का पता लगाने और रोकथाम के लिए ब्लॉकचेन आधारित परियोजना पर काम शुरू हो गया है। परियोजना का अमल में लाने के लिए नीति आयोग और अपोलो हॉस्पिटल साझा रूप से काम कर रहे है। परियोजना के तहत न सिर्फ दवाओं की गुणवत्ता की परख की जाएगी बल्कि स्वास्थ्य क्षेत्र से जुड़े कार्यों को संगठित कर समुचित रूप से सफल किया जाएगा। एक अन्य सहयोगी ओरेकल ने भी ज़ोर देते हुए ब्लॉकचेन प्रणाली को निर्माता से लेकर ग्राहक तक स्थापित करने को प्राथमिकता देने की बात कही है।

ब्लॉकचेन से पंजीकरण

गौरतलब है कि भारतीय बाजार में नकली दवाइयाँ व्यापक रूप लेती जा रही है। खास तौर पर ग्रामीण क्षेत्रों में नकली दवाओं का गोरख धंधा करने वाले तेज़ी से पाँव पसार रहे है। बड़े स्तर पर इनकी रोकथाम करना सरकार के लिए बेहद मुश्किल हो रहा है। नीति आयोग की तरफ से हुई पहल में बताया गया है की ब्लॉकचेन की माध्यम से ऐसे सभी लोगों पर निगरानी की जा सकेगी जो दवाओं में मिलावट या उनकी गुणवत्ता के साथ समझौता करते है। ब्लॉकचेन से पंजीकरण के साथ दवाओं की खेप को आसानी से ट्रैक किया जा सकेगा। जिससे ग्राहक तक नकली दवा पहुंचने वाले लोगों की धरपकड़ सम्भव होगी।

बिज़नेस स्टैंडर्ड के अनुसार नीति आयोग की इस घोषणा के साथ ब्लॉकचेन आवेदन करने वाले निवेशकों और कारोबारियों को थोड़ी राहत मिली है। उन्हें उम्मीद है की अन्य देशों की भाँति भारत में भी ब्लॉकचेन प्रौद्योगिकी को विकसित करने के लिए सरकार नए नियम और सरल कानून का गठन करेगी। आयोग की तरफ से कृषि क्षेत्र को ब्लॉकचेन से विकसित किये जाने के भी इशारे किये गए है ताकि ग्रामीण परिवेशमें रहने वाले लोगों को स्वास्थ्य के साथ साथ उनकी खेती सम्बन्धी समस्याओं के निदान के लिए परेशानी का सामना न करना पड़े।

The post नकली दवाओं पर नियंत्रण के लिए ब्लॉकचेन का सहारा appeared first on OWLT Market.

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Cryptocurrency Application Can Potentially Transform Philippine’s Retail Landscape https://ift.tt/2OaTfsB

Contrary to what many Filipinos would like to think, remittances are the most crucial cryptocurrency application. However, remittances can be helpful for those people of Philippines who are working or living abroad.

Of course, there is no doubt that remittances sent using cryptocurrency will be an important application area. This particular use case enables the overseas foreign workers to curtail costly fees that facilities like Western Union demand for overseas wire transfers.

However, as mentioned earlier, Filipinos living overseas will find remittances through digital currencies. A much wider application of cryptocurrency is its potential to transform the retail landscape of Philippines. Yet, cryptocurrency is yet to make a big and significant impact in the country’s stores.

Many people in the Philippines still regard the cryptocurrency as only a means for wealth accumulation. They love to use the virtual currency as a means for speculative investment instead of using them as digital currencies. Pundi X Pos is a superb solution for the retail space that the Philippines should consider implementing on a large scale.

Benefits Of Installing Pundi X Pos

Hong Kong-based conglomerate called the FAMA Group deployed Pundi X Pos at all their restaurants. Incidentally, the group runs the Locofama, SUPAFOOD, Sohofama, and Hive Café.

While launching a fresh point-of-sale solution by any food operator can be a big step, the Pundi X Pos can be truly a game changer move for the FAMA Group. What makes the Pundi X POS distinct is its ability to receive any cryptocurrency like NPXS, Ethereum, or Bitcoin as payment.

Vulcan Post reported that the only step an in-store customer or consumer has to do is to use a local fiat money (Hong Kong dollars in this case), the Pundi X Pass card or a mobile wallet. Thereafter, customers need to simply use cryptocurrency as their payment mode to purchase a meal.

The post Cryptocurrency Application Can Potentially Transform Philippine’s Retail Landscape appeared first on OWLT Market.

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