Getting Started with Sponsored Products |
Date: November 17 | Time: 11:00 AM, PT | Duration: 30 Minutes |
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Business Start-up and Expansion, with an emphasis on International Trade
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Getting Started with Sponsored Products |
Date: November 17 | Time: 11:00 AM, PT | Duration: 30 Minutes |
Posted in advertising by John Wiley Spiers | 1 comments
Thousands of protesters wearing sinister Guy Fawkes masks brought chaos to the streets of London last night.Hundreds of anarchists were held back by police outside Buckingham Palace. They aimed fireworks at the police horses and also tried to dazzle them with laser pointers.
Posted in anarchy by John Wiley Spiers | 1 comments
Shipping is a strong indication on the health or weakness of the global economy. So let's take a look at what's happening.
Posted in Logistics, masters or doctoral thesis ideas by John Wiley Spiers | 0 comments
But the story of how goods get to the mall is decidedly less high-tech, said Gadi Ruschin, CEO of Israeli start-up Wave, which is trying to bring to the shipping industry what the digital revolution has brought to the banking and finance industry. “Shippers are still doing things the way they were done hundreds of years ago, and the reason for that is a decided lack of trust in international documentation systems.
Gigo. before the problem was anyone originating fraud in the paperwork. With this we'll only have to worry about anyone originating.. wait, how is this better?
“Our innovation, based on blockchain technology made famous by bitcoin, can ensure that there is no possibility of fraud or falsified documents, and enable shippers to finally enter the 21st century,” said Ruschin.
Wave was invited to be a charter member of the new Techstars-Barclays financial technology accelerator, which is set to open in Tel Aviv this month.Nice summary that above, even nuanced...
The system in use today by shippers harks back to the seventeenth century, when international trade started coming into its own, and hasn’t changed that much. When a wholesaler orders something from a manufacturer in China, for example, the entire transaction -sale, shipping, and delivery – is recorded on a document called a bill of lading, said Ruschin. “It is a receipt given to the sender of the goods that proves that the shipment was made, as well as proof of ownership of the goods while the goods are shipped by sea. Once the goods arrive at their destination, the sender ships the original bill of lading – usually by overnight courier – to the prospective recipient, who uses it to claim the merchandise.”
If it were just a transaction between a sender and recipient, it might be possible to produce an encrypted electronic version of the document that the recipient could print out. But every international shipment involves a host of players – from banks who often front the money to pay for the goods in the form of a loan, which will be payed back when the goods are sold (in the meantime, the bank has a mortgage on those goods, pending repayment) to insurance companies who are liable if anything happens as the merchandise plies the seas (and, like the bank, has a lien on the shipment) to government customs inspectors, who need to check the goods and make sure they match up on the documentation.So what? The present documentation suffices.
The more hands in the pie, the greater the possibility of confusion, loss and fraud, the result of which would be never-ending lawsuits as each party blames the other for negligence in the way they handled the documentation.No. That is not a problem, the lawsuits are rare.
“There have been many attempts over the years to change things, but they all fall short in the end,” said Ruschin. “Each entity has its own record-keeping system and its own data needs, and even when systems have been put in place to streamline the process and develop an electronic method of transmitting data, they have always fallen apart because of the different systems and methods involved – as well as a lack of trust.”This is a different problem, mere paperwork issues, nothing bitcoin can help.
Enter the blockchain – the technology that powers bitcoin, the entity-independent electronic payment system. “In a blockchain, all payments – or in our case documents – have to be approved by all parties involved, and any changes made along the way are detected immediately,” said Ruschin.Not a solution to any known problem.
Unlike an electronic version of a document, like a PDF, which can be copied umpteen times, a blockchain-approved document is a single, one of a kind product, because it needs the electronic “signature” of everyone involved. “Since everyone is approving it, everyone can trust it,” said Ruschin. “Thus we can send a bill of lading in this manner and satisfy all the security and data issues, and eliminate the long, drawn-out process of passing the bill of lading around.No one cares in an int'l trade transaction if the buyer and seller are happy. Done. 80% or LsC start out with problems, and they all get worked out no lawsuits. How will bitcoin solve the problem of "Garbage in, garbage out?" It won't. This is trying to solve a problem that does not exist.
Posted in finance by John Wiley Spiers | 0 comments
Q: How did Heritage Brand fare during the Great Recession?A: Jessica Crouch: Interestingly enough, our business grew at its most rapid rate between 2009 and 2014, roughly. A lot of it has to do with the fact that our market is down south and overseas. Although the economy wasn’t doing well in the U.S., the oil industry was booming, and there are a lot of our customers in that industry.
Q: You attribute a large part of the company growth to being able to put your image out there on social media.
A: Jessica Crouch: I would absolutely say that. As soon as Facebook became common, (the business) just exponentially exploded. Suddenly people knew about us.
Posted in advertising by John Wiley Spiers | 1 comments
Tuesday morning at 9:30, Amazon Books will open its doors. These aren't metaphorical doors: these real, wooden doors are the entrance to our new store in Seattle's University Village.Note sent out by email...
Amazon Books is a physical extension of Amazon.com. We've applied 20 years of online bookselling experience to build a store that integrates the benefits of offline and online book shopping. The books in our store are selected based on Amazon.com customer ratings, pre-orders, sales, popularity on Goodreads, and our curators' assessments. These are fantastic books! Most have been rated 4 stars or above, and many are award winners.
To give you more information as you browse, our books are face-out, and under each one is a review card with the Amazon.com customer rating and a review. You can read the opinions and assessments of Amazon.com's book-loving customers to help you find great books.
Prices at Amazon Books are the same as prices offered by Amazon.com, so you'll never need to compare our online and in-store prices. Nevertheless, our mobile app is a great way to read additional customer reviews, get more detailed information about a product, or even to buy products online.
Posted in advertising by John Wiley Spiers | 2 comments
Posted in International Trade Data by John Wiley Spiers | 0 comments
The president believes that "there is no global warming, that this is a fraud to restrain the industrial development of several countries including Russia," says Stanislav Belkovsky, a political analyst and critic of Putin. "That is why this subject is not topical for the majority of the Russian mass media and society in general."Of course it is a fraud. If it was real, we'd stop it. But it is not real, so we simply come up with a wealth-transfer plan to match the fraud.
Posted in free market by John Wiley Spiers | 1 comments
Posted in design by John Wiley Spiers | 1 comments
You want to make your own money? You ready to be self-employed? You have no money, contacts, experience, and not much time? How do you g...
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