Technology

Africa- How Bitcoin Is Reducing The Need For Trade financing

Bitcoin -The title of this blog post was  inspired by an article I came across on Global Trade Review (GTR). Elizabeth Rossiello, founder and CEO of BitPesa, tells how the idea of forming the company was born.  BitPesa is solving a number of business problems using digital currency, especially those involving foreign currency issues.  So how does Bitcoin really work?

FinTech– Though ‘Africa and Asia have become hotbeds of payment innovation’, European FinTech entrepreneurs too have a chance to succeed despite the challenges of limited opportunities. How can companies thrive?

Money laundering and the financing of terrorism– An interesting article on the International Monetary Fund (IMF), highlights the importance of fighting corrupt officials, tax fraud, and  most importantly those who engage in financing terrorism. How? Although this includes working with various governments across the globe and working with correspondent banking services, governments too, need to “increasingly harness the power of financial technology. While fintech can be misused—including through the anonymity of virtual currencies—it can also be a powerful tool to strengthen our defenses against terrorist financing.” (Read on)

Mobile Money an innovative solution for “cross-border money remittance service”- Quartz Africa highlights examples about how mobile money is playing a huge role in business transactions, and why the Telekom Industries have no choice but to “capitalize on innovation and the scalable nature of mobile money” (Read on)

AI is Here To stay- But Will It ‘Improve The Quality Of Our Lives’? Or Is It Really ‘A Risk For Human Civilization’?

“That’s the beauty of argument, if you argue correctly, you’re never wrong.”
― Christopher Buckley

The title of this post is taken from a debate Elon Musk and Mark Zuckerberg had about the impact of Artificial Intelligence (AI) on mankind.

Tesla CEO Elon Musk, speaking to U.S. governors last week argued that AI poses an “existential threat” to human civilization. Mark Zuckerberg was clearly not thrilled with that statement. On a Facebook Live broadcast, Mark Zuckerberg  retorted and said

“…I think people who are naysayers and try to drum up these doomsday scenarios — I just, I don’t understand it… It’s really negative and in some ways I actually think it is pretty irresponsible…”

Well, that didn’t end there. Elon Must took to Twitter and here’s what he had to tweet …

That’s it! These two geniuses got me thinking.  But one thing i can honestly tell you is that, my  life got a lot easier since i got that robotic lawn mower. Thanks to these great products that utilize artificial intelligence, I can now enjoy my weekends.

Which side of argument are you on? Who is right? And who is wrong?

In other reads:

 

The Most Dangerous Jobs In The USA

Some jobs are inherently dangerous. Working with large machinery or unsafe conditions can lead to injury and even death. Employment background check company, EBI, looked into the Bureau of Labor Statistics’ injury and illness reports for all industries in 2015. What they discovered was a collection of industries that have the highest incidence rates – making them some of the most dangerous industries in the US. They also looked into the state by state breakdown to determine the most dangerous states to work as well. You can see the whole study here (Source: Employment background investigation)