Top banks teaming up for a blockchain-based syndicated loans platform

Seven of the world’s top banking groups, including HSBC, ING and BNY Mellon are joining forces to create a platform for syndicated loans based on blockchain technology. The blockchain service will be provided by R3 (a popular blockchain consortium) and Finastra (a UK financial software company). The service starts with Fusion LenderComm, an online marketplace that will use blockchain’s distributed ledger technology to reduce cost and improve on the efficiency and transparency of loans with multiple lenders. So far, the work in the syndicated loans was done manually. “The community of banks already on board covers approximately 10 per cent of the… [Continue Reading]


Original URL: https://betanews.com/2017/10/09/blockchain-platform-syndicated-loans/

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The Only Thing, Historically, That’s Curbed Inequality: Catastrophe

ColdWetDog writes: The Atlantic has an interesting article on how societies have decreased economic equality. From the report: “Calls to make America great again hark back to a time when income inequality receded even as the economy boomed and the middle class expanded. Yet it is all too easy to forget just how deeply this newfound equality was rooted in the cataclysm of the world wars. The pressures of total war became a uniquely powerful catalyst of equalizing reform, spurring unionization, extensions of voting rights, and the creation of the welfare state. During and after wartime, aggressive government intervention in the private sector and disruptions to capital holdings wiped out upper-class wealth and funneled resources to workers; even in countries that escaped physical devastation and crippling inflation, marginal tax rates surged upward. Concentrated for the most part between 1914 and 1945, this ‘Great Compression’ (as economists call it) of inequality


Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/4Fgxekc0_R4/the-only-thing-historically-thats-curbed-inequality-catastrophe

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Accenture To Create 15,000 Jobs In US

Accenture said on Friday it would create 15,000 “highly skilled” new jobs in the United States, as IT services firms brace for a more protectionist U.S. technology visa program under President Donald Trump. From a report on Reuters: The company, which is domiciled in Dublin, Ireland, said the new jobs would increase the company’s U.S. workforce by 30 percent to more than 65,000 by the end of 2020. Accenture has more than 394,000 employees, of which about 140,000 are in India. IT services companies have come under the spotlight after Trump said that his administration would focus on creating more jobs for U.S. workers, who had been affected by the outsourcing of jobs abroad. Major IT service companies, particularly those based in India, fly engineers to the United States using H-1B visas to service clients, but some opponents argue they are misusing the visa program to replace U.S. jobs.

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Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/apkX0hhbxbg/accenture-to-create-15000-jobs-in-us

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Digital Access Codes Are Another Hidden College Expense to Watch Out for

If tuition isn’t high enough, college students have a laundry list of college-related expenses they have to pay for. Especially during your first semester, those expenses can catch you by surprise. Another one to add to the list: digital access codes.Read more…


Original URL: http://feeds.gawker.com/~r/lifehacker/full/~3/GoETSjc1idE/digital-access-codes-are-another-hidden-college-expense-1787156391

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Ethereum Debate Marred By Second Digital Currency Heist

Thursday’s new of a $50 million heist of digital currency at Ethereum. was followed today be reports of a second heist from the DAO, according to the Bitcoin News Service — this one for just 22 Ether. “It appears this is just someone who wanted to test the exploit and see if they could use it to their advantage… ” Slashdot reader Patrick O’Neill writes:
The currency’s community is currently debating a course forward for a currency who is built on the idea that it is governed by software and not human beings. One option is to fork the code, another is to do absolutely nothing at all.”

Vitalik Buterin, the co-founder of Ethereum, posted Sunday that “Over the last day with the community’s help we have crowdsourced a list of all of the major bugs with smart contracts on Ethereum so far, including both the DAO as well as various


Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Ts2-O3NUsDg/ethereum-debate-marred-by-second-digital-currency-heist

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Why Kickstarter Became a Public Benefit Corporation (Video)

Meet Kickstarter co-founder and CEO Yancey Strickler. Timothy Lord asked Yancey about Kickstarter’s recent move to become a Public Benefit Corporation, which is, according to Wikipedia, “a specific type of corporation that allows for public benefit to be a charter purpose in addition to the traditional corporate goal of maximizing profit for shareholders.”

This corporate restructuring has no tax advantages, and creates a slight increase in paperwork, Yancey says. So why did they do it? Please view the video (or read the transcript, which has more info than the video) to find out.


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Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Sq7-4OepDA4/why-kickstarter-became-a-public-benefit-corporation-video

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Set Your Freelance Rate to Twice the Hourly Rate for an Employee

When you first start out working for yourself, it’s tricky figuring out how much to charge. Usually it involves a bunch of math and knowledge of your industry and market . Seth Godin offers a simple suggestion: Charge at least double the hourly rate you’d be happy with as a full-time employee.

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Original URL: http://feeds.gawker.com/~r/lifehacker/full/~3/Pmw2C_NUce0/set-your-freelance-rate-to-twice-the-hourly-rate-for-an-1691923901

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