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Industry News
India picks blockchain lessons in crypto valley
Publication- The Economic Times
Edition- Online
Date- 04 June, 2019
An Indian delegation that recently studied public blockchain activity in the Swiss city of Zug, known as the crypto valley, is expected to recommend policy changes aimed at adopting a similar framework in the country. “The Swiss focus on building conducive framework conditions is a big takeaway from this trip. They stay hands off and don't promote particular sectors or technologies,” said Tanvi Ratna, one of the team members and a US-India Fellow of the New America Foundation.
The Reserve Bank of India’s ‘Draft Enabling Framework for Regulatory Sandbox’, released on April 18 had considered blockchain applications for testing. Already, pilot tests of enterprise public blockchain are being conducted by the Niti Aayog in partnership with Oracle, Apollo Hospitals and drug maker Strides Pharma Sciences. The Andhra Pradesh government, in partnership with German genomics company Shivom, is conducting yet another pilot.
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Paytm Brings IoT Into Digital Payments With ‘SoundBox’ – A SIM Enabled Device For App-Less Transactions!
Publication- Trak.in
Edition- Online
Date- 04 June, 2019
Seems like a long time since we’ve heard a good news regarding Paytm. The digital payments company has been aired too many times now, all in connection to downfall in profits or the officials vacating their positions. Well, better late than never, we finally get to hear something good going on in Paytm. Paytm is soon to release a smart payment device called ‘Soundbox’, which will smoothen the e-payment procedure.
The Upward Trajectory: Paytm SoundBox
Since its overnight stardom in 2016 during the demonetization phase, Paytm has been updating its services, with new and better payment options for its users. Along with proving recharging, booking movie tickets and so much more options, Paytm has grown into a full-fledged payments bank. It has also incorporated BHIM UPI in its system to ease the payments procedure through Paytm. Despite of all these measures, it is dramatically losing out its consumer ratio to competitors Google Pay and PhonePe.
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China speeds up industrial transformation to high-end technologies
Publication- CGTN
Edition- Online
Date- 04 June, 2019
China's certain high-end technology posted strong growth as factory activity expanded at a steady but modest pace. Yu Yi, Managing Director at Accenture Digital Lead Greater China, said the whole industrial sectors are undergoing a tremendous restructure and focus more on high-quality growth.
Yu noted the whole sector is stepping up their efforts to develop the industrial Internet to foster new growth drivers while they have different paces. A certain sector may focus more on connecting with consumers, some focus on the operation process and others focus on reinventing the product.
"I think certain sectors have a relatively good foundation for digital technology, whether big data or the Internet of Things (IoT). So they are moving much faster in, for example, the advanced manufacturing sector – automotive industry. The industry is introducing a lot of new requirements for new energy vehicles and autonomous vehicles," he added.
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AVOID BIG DATA BREACHES WITH 6 SIMPLE STEPS
Publication- Analytics Insight
Edition- Online
Date- 04 June, 2019
In 2005, the Privacy Rights Clearinghouse detailed 136 data breaches. However, between 2005-2015, a range of ten years, more than 4,500 data ruptures were made public. From that point forward, the issue has nearly turned into a pestilence and more terrible. The results have turned out to be progressively serious. This is an issue no business can stand to overlook.
No businessman expects a cybercriminal to get to their clients’ private information. However, independent ventures are in reality more defenseless to data breaches than big organizations. Trustwave research reports that 90% of all data breach influence independent companies. Retail is hit the hardest, with the food and beverage retail organizations coming in with a close second.
An independent venture is helpless, and cyber criminals know it. Data breaches occur once a day, and indeed, you’re the practical target. Keeping your organization from turning into the victim of the next data breach requires a multi-faceted methodology, including setting up stricter strategies controlled starting from the top.
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