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Monthly Archives: August 2017
2017 AFAC Expo’ll be successful Runsewe – NIGERIAN TRIBUNE (press release) (blog)
Posted: August 13, 2017 at 2:08 am
DIRECTOR General of the National Council for Arts and Culture (NCAC), Otunba Olusegun Runsewe, has assured that all is being done to make the 2017 African Arts and Crafts Expo (AFAC), a success.
The fair with the theme, Our Culture: The Untapped Treasure will hold in Abuja from August 27 to September 17 with Nigerians and foreigners participating.
Giving an update on preparations for the fair, Runsewe explained that the theme was chosen to complement the Federal Governments efforts to diversify the economy and make culture a significant contributor to the countrys GDP.
He said: On assumption of office about three months ago, I made a firm commitment to reposition the arts and culture sector as a key player in the nations economy with the capacity to generate wealth and employment as well as contribute significantly to the nations Gross Domestic Product (GDP). Accordingly, the new vision of the Council under my leadership is encapsulated in the statement culture: the new revenue base for Nigeria.
This vision statement is far from being a mere slogan. It is borne out of our firm conviction that there are abounding opportunities in the arts and culture sector that could be harnessed and channelled towards reinventing our economy. The theme Our Culture: The Untapped Treasure was chosen to highlight the vast opportunities in the sector, mobilize Nigerians to take advantage of the opportunities therein for personal empowerment and the economic development of our country.
He disclosed that as part of efforts to make AFAC 2017 opening formally on September 5 a great outing, the venue, Arts & Craft Village, is being renovated. The expo had previously been held on a bare, dusty and uneven ground but we have now graded and tarred the main bowl of the exhibition arena, measuring about 1.5 hectares. We plan to also do landscaping and beautification.
Runsewe, who added that other innovations at AFAC 2017 include skill acquisition programmes, language classes, a pre-event dinner for Cultural Attaches to foster cultural diplomacy and build more international friendships, and an investment roundtable, also assured of adequate security.
We now have a police post within the premises of the village to provide 24-hour security and for the first time, we have illuminated the entire village with flood lights. We are also constructing and renovating environment-friendly public utilities to make the arena conducive for exhibitors and delegates, he said.
FG to blame for Ozubulu massacre Revd Adekunle
Nigeria: Before we become a beggar nation (II)
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2017 AFAC Expo'll be successful Runsewe - NIGERIAN TRIBUNE (press release) (blog)
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All you need to know about Voice of Freedom – Goa’s underground radio station – Economic Times
Posted: at 2:08 am
A NEW FM CHANNEL? Umm, not really. Rather, it was an underground radio station started by Goan nationalists in the mid-1950s, in the run-up to liberation of the state in 1961.
WOW, THATS UBER SUBVERSIVE. BUT WHY AN UNDERGROUND STATION? That calls for a quick history class. In June 1946, freedom fighter RM Lohia organised a Satyagraha campaign for the first time in Goa to demand civil liberties and to liberate Goa. Lohia was arrested, the movement was quashed, but it would spark off many more movements by Goan satyagrahis in the years to come. Portuguese police action would be swift and violent. The underground radio station was an attempt to sustain the morale of the people by keeping them updated on the progress of the freedom struggle, both inside Goa and outside.
HOW DID THE STATION ESCAPE THE PORTUGUESE CRACKDOWN? For one, the station essentially a transmitter mounted on a truck operated out of a dense forest in Amboli in Maharashtra, on Goas outskirts, where the nationalists were living incognito. Trial broadcasts began in November 1955, and by the 25th of that month Voice Of Freedom began.
WOW, THAT WAS QUITE A PLAN... Yes, hatched by three young Goan nationalists: Vaman Sardesai, Nicolau Menezes and Libia Lobo, the last two being Goans residing in Bombay.
ER, MENEZES, LOBO NATIONALISTS? SHOULDNT THEY BE PORTUGUESE? Well, its best to let a freedom fighter, Ronaldo Coutinho, answer that question: The liberation struggle of Goa saw the participation of both the communities, that is Catholics and Hindus. It was widely believed that the Catholics in Goa were loyal to the Portuguese rule and considered themselves more as Portuguese than the Portuguese themselves. But this was not true in regard to all the Catholic population. Coutinho said this in a newspaper interview in 2001.
COUTINHO MAY HAVE BEEN AN EXCEPTION. Not really. Guess who said: I belong to that race which composed the Mahabharata and invented chess A Goan politician called Francisco Luis Gomes, sometime in 1861 in Paris. In one of his novels, Luis Gomes also wrote: Impartial men, who are moved by justice and not by racialism, want India to be ruled by Indians.
HMM, TELL ME MORE. Tristao de Branganca Cunha established the Goa Congress Committee and linked it to the Indian National Congress, leaving little doubt that Goa was an integral part of India.The next time youre in Panjim, look out for TB Cunha Road.
AND THE MAN WHO GOT LOHIA TO GOA? Aha, so you do know something. Indeed, it was the initiative of a Goan academician and writer, Juliao Menezes, that was responsible for Lohias entry into Goa. Menezes was arrested along with Lohia for disregarding the ban and addressing a meeting in the Margao town square, which has been named after Lohia. Others who had gathered for the protest include Evagrio Jorge, Jose Inacio Loyola, JF Martins
WHOA, WHOA, HANG ON MATE, YOUVE CONVINCED ME. TELL ME MORE ABOUT THE VOICE OF FREEDOM, NOW. VoF broadcasts made Goans aware of the states long history of struggle for freedom, right from the 16th century. It also gave voice to the Satyagraha movement of 1946, eventually leading up to the liberation of Goa and, before that, the liberation of Dadra and Nagar Haveli by Goan nationalists in 1956. At a time when newspapers in Goa were censored, VoF proved effective in countering Portuguese propaganda.
COOL WONDERING IF ITS TIME FOR A VOF OF INDIA Got to go.
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All you need to know about Voice of Freedom - Goa's underground radio station - Economic Times
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Claflin’s Freedom School aims to curb summer learning loss – The Times and Democrat
Posted: at 2:07 am
NFL quarterback DeShaun Watson, Olympic gold medalist Simone Biles and multi-Grammy winner Chance the Rapper (Bennett) were among the historical figures portrayed in the W. Vernon Middleton Fine Arts Center on the campus of Claflin University on July 27.
Their message was one of upliftment.
The 67 scholars participating in the sixth year of Claflins Freedom School vicariously portrayed Watson, Biles and Bennett under the direction and choreography of associate professors of speech and drama Annette Grevious and Cedric Rembert during the programs hour-long theatrical production finale.
The Museum of Difference Makers: Hall of Historical Figures was the culminating performance of the six-week enrichment program aimed at curbing summer learning loss and closing achievement gaps, something that Claflin University President Dr. Henry N. Tisdale and project director Nathan Chaplin both agree will ensure a level playing field for all children.
When Dr. Marian Wright Edleman, president and founder of the Childrens Defense Fund, visited Tisdale and extended an invitation for Claflin to be one the host sites in the Southeast for the CDF's Freedom Schools, he said he knew he had made the right decision when accepted.
We know the program is making a difference, Tisdale told the crowd of parents, guardians and community leaders. We see a difference in the scholars' attitude towards learning, their confidence levels, and the feedback we receive is tremendous.
Tisdale said the community has a responsibility to tell children that they are strong, visionary leaders and that theyre going to be someone great. Encouraging children to thrive is one of the best things people can do, he noted.
Chaplin said this summer's program was one of the smoothest hes experienced. He credits that to the support of the parents, the university and community leaders who served as read-a-loud guests and speakers, such as state Sen. Brad Hutto and Rep. Jerry Govan.
There was a waiting list for the program due to the growing popularity of Freedom Schools. While Claflin is one of several sites in the state, Chaplin said it is one of the most popular.
Students leave more prepared for their next grade level, he said. They exit with a greater voice to serve in the classroom and the community.
According to its website, the Children's Defense Fund Freedom Schools program model curriculum supports children and families around five essential components: high-quality academic enrichment, parent and family involvement, social action and civic engagement, intergenerational servant leadership development and nutrition, health and mental health.
Each year, the program recognizes a community leader whos made an impact on the universitys Freedom School or in their respective field of expertise.
However, there was a deviation from that this year, which Chaplin said was necessary.
This summer would have been Aniyah Floods third year participating in the program, but an unforeseen incident kept her from joining some her classmates from Clark Middle School.
With the use of a walker, Aniyah was surprised and overjoyed as she stood to receive the Freedom School Honors award.
The future veterinarian said she was thankful to have been honored, adding that it gave her motivation to make those who believe in her proud as she enters seventh grade.
Allendale native Youshi Kirkland said the Freedom School experience afforded him the opportunity to manage a classroom while still pursuing his degree in middle level education at Claflin. Kirkland said he taught as well as learned.
We grew a bond, he said. The scholars helped me find my mojo and vibe my teaching style.
Kirkland said he couldn't wait for the weekend to end so he could resume teaching and learning. He helped conclude the evenings program along with the other educational interns with "cheers and chants" that are sung each morning during "Harambee," the Swahili term that means "all pull together."
The scholars, described by Tisdale as "the next doctors, philanthropists and college presidents," closed out the program singing "So Strong," written by British musician Labi Siffre: The higher you build your barriers, the taller I become. The farther you take my rights away, the faster I will run. You can deny me. You can decide to turn your face away. No matter cause theres something inside so strong
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Claflin's Freedom School aims to curb summer learning loss - The Times and Democrat
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House Freedom Caucus launches petition to compel Obamacare repeal vote – CBS News
Posted: at 2:07 am
Rep. Mark Meadows, R-North Carolina.
CBS Evening News
The House Freedom Caucus on Friday launched a petition to force a vote on the House floor on a straight Obamacare repeal bill, meaning the fight over health care isn't dead at least, not yet.
The group of conservative Republicans needs 218 members to sign the discharge petition to bring H. Res. 458, a clean repeal of Obamacare, to the floor for a vote. The petition is a type of parliamentary procedure used to bypass the committee process. A handful of House Freedom Caucus members, including Rep. Jim Jordan (R-Ohio), Tom Garrett (R-Virginia), and Scott Perry (R-Pennsylvania) signed the petition from the House floor on Friday.
"It's critical that we keep our promise to the American people and repeal Obamacare and replace it with a policy that works for American families," said caucus chairman Rep. Mark Meadows (R-North Carolina), in a statement."We cannot drag this process out any longer. This bill with a two-year delay on implementation of repeal will force Congress to come together on a replacement bill. President Trump is eager to sign repeal and replace, it's time we get to work and send both to his desk."
The petition is an attempt to push forward the stalled health care reform in Congress. The House passed a bill to repeal and replace parts of Obamacare in May, but the Senate failed to do so twice, and Senate Majority Leader Mitch McConnell and other top Republicans made it clear the Senate is moving on to other issues like tax reform.
Chances of a straight Obamacare repeal in the House or the Senate don't look good. The Senate rejected a clean Obamacare repeal bill last month.
But Mr. Trump, who has publicly shamed McConnell for the health care failure on Twitter and won't answer whether he wants McConnell to step aside, isn't giving up on a key part of his campaign platform to repeal his predecessor's signature legislation.
The House Freedom Caucus hopes to bring the clean repeal bill to a vote in September.
"We make this job too difficult," Jordan said in a statement. "We need to do what we told the voters we were going to do. There's no reason we should send less on repeal to President Trump's desk than we sent to President Obama's. Now is the time for members of Congress to put on the record whether they're truly for repeal of Obamacare."
2017 CBS Interactive Inc. All Rights Reserved.
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House Freedom Caucus launches petition to compel Obamacare repeal vote - CBS News
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Freedom from cable isn’t free: Flood of streaming services will make cutting the cord more complicated – Washington Post
Posted: at 2:07 am
In the old days of video streaming that is, not so long ago consumers could cut the cable cord and subscribe to one or two services, enjoying a vast array of movies and television programming at a rate far less than the monster cable bill.
Its not so simple anymore.
Disney, the juggernaut behind ESPN, Pixar, Marvel and the recent additions to the Star Wars franchise, shook the entertainment world this week with an announcement that it would remove many of its offerings from Netflix. The company said it would create a service or multiple services for its films and shows, and another for ESPN.
As a result, a Netflix user who enjoyed access to Disney content plus all of Netflixs other content on one site may have to turn to three or more sites to get it all. Its all in discussion, said Disney chief executive Bob Iger.
[Disney bidding Netflix goodbye as it ramps up its own streaming empire]
It is the most recent example of how the move toward streaming though consumers have been demanding it for years is proving to be a more fragmented experience than many have anticipated. Entertainment companies are now running services with increasingly narrow offerings, looking to hit consumers up for more subscription revenue wherever possible.
I worry that well be going down yet another rabbit hole where exclusivity will take over and Ill ultimately end up paying more for less, said Brett Hatten, a father of two toddlers from Chicago who already pays for six streaming services. I dont want to end up in a place where you have to subscribe to a bunch of different fiefdoms.
The shift is breaking down popular expectations in the entertainment world. For a half-century, for instance, viewers have expected to see shows on CBS broadcast free over the air on their TV. But this year, the network is launching highly anticipated shows such as the sequel to The Good Wife and a new Star Trek series only on its online service, marking yet another service people may need to subscribe to. CBS announced a separate sports streaming service this week.
CBS sees this as a way to court specific audiences. To succeed, you need a great core and content that only you have, Marc DeBevoise, the president of CBS Interactive, said of the networks streaming service, CBS All Access. These are not for a big, broad audience.
And the plethora of television options is changing consumer behaviors in still other ways, leading many viewers to hopscotch between services, subscribing to HBO for a few months to watch Game of Thrones, then moving to Showtime to take in The Affair, before joining yet another service for an eight-episode binge.
I happily subscribe to Netflix, Hulu and Amazon Prime, which all have a wide selection of shows and movies. But when I consider other streaming services, the costs add up, said Diana Urban, a 30-year-old marketing manager and fiction author in Boston. She signs up for HBO Now during Game of Thrones season, when she also catches up on Veep and a few other shows. Paying $15 a month indefinitely for only four shows isnt worth it, she said.
Streaming services such as Netflix, Hulu and Amazon Prime, which offers a video library along with its other features, such as free two-day shipping, took off in part because they promised a convenient, cheaper alternative to cable. (Amazon chief executive Jeffrey P. Bezos owns The Washington Post.)
Cable companies are bound to distribution deals from network conglomerates, including Disney, which require cable firms to pair their most popular channels with less popular ones. As cable-bill prices continued to climb every year, however, consumers balked at paying more for content that they didnt want and some decided to turn to streaming sites.
The shift has prompted cable companies to explore smaller cable packages that cut the bloat. But for many customers, making their own bundles of streaming services has proved appealing. Those not interested in live sports which contributes a lot to the cost of a cable package can easily get news, movies or sitcoms from Netflix or Hulu without having to buy a preset bundle. (Or they can get just the opposite, in the case of ESPNs upcoming stand-alone service.)
Thats provided consumers with a lot of choice, said John Bergmayer, senior counsel at the consumer advocacy group Public Knowledge.
The stranglehold of cable isnt broken yet for most people its hard to cut the cord but these are all really good signs, he said.
But its clear from viewers that the cost per service is a growing concern. The current influx of these subscription-based plans is saturating the market, said Jamie ODell, 35, a food safety program manager from Albany, N.Y. We do not need more options for streaming services, she said. We need less.
About 21percent of American video viewers pay for multiple streaming-video on-demand services, according to the market research company GfK. That number has grown by roughly one-third for the past three years.
Big streaming services such as Netflix provide subscribers content from many sources. But many others are now getting into the game. At least six networks have launched services, with subscription fees ranging from $6 to $15 per month. Many of those already offer their shows in some way through existing services.
Now, consumers may find that shows and films they used to be able to access on broader services such as Netflix are pulled out for a separate service. The cost and mental effort of managing multiple services may be starting to prove nettlesome.
I just dont want another subscription bill I have to pay, said Erin Thompson, a mother of four from North Tonawanda, N.Y.
Justifying the hassle of managing another service also puts pressure on Disney and rivals, creating a different kind of relationship with its fans, analysts say.
The company will have a more direct line to consumers but will also have to deal with complaints, for example, about the quality and reliability of their streams.
The appeal of streaming will prompt many more companies to launch their own video streaming services, said Brian Wieser, senior research analyst at Pivotal Research Group. Its inevitable [there will be] more direct-to-consumer offerings as time progresses.
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Reagan was prophetic on freedom – nwitimes.com
Posted: at 2:07 am
Freedom is never more than one generation away from extinction. We didnt pass it to our children in the bloodstream. It must be fought for, protected and handed on for them to do the same.
President Ronald Reagan must have had a premonition that someday his quote would be needed.
The movie Seven Days in May," although fictional, with a different plot, doesnt mean it cant happen in todays America.
Already one current retired general has forgotten the principles for the founding of this great nation and the same reasons so many have fought and died for these freedoms.
The movie has a great cast: Burt Lancaster, Kirk Douglas and many other great actors.
The only thing that protects us today is our Constitution, freedom of the press, honest lawyers and judges and honest justices of the Supreme Court.
No other country in the world has these kinds of protections, but we have to be on our guard, night and day, or they could be lost.
Gerald Newman, retired U.S. Navy, Valparaiso
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Primacy for freedom of expression – The Hindu
Posted: at 2:07 am
The Festival of Democracy, a three-day event celebrating freedom, which began here on Saturday stressed the need to resist any attempt to curb freedom of expression while condemning the fascist tendencies of the ruling establishment at the Centre.
Writer N.S. Madhavan, who opened a session in the morning on Writing in a democracy, said good literature was never produced in a democracy, if you look at historical developments across the world. Writers are supposed to truthfully document human conditions and different writers have done it differently in view of the prevailing social circumstances.
However, in our country, human conditions are being narrowed down to certain particular concept. This phase in history indeed has fascist connotations. A human being is supposed to talk Hindi, should be a Hindu, that too a savarna, he said.
Mr. Madhavan said those opposing such notions were first subjected to physical intimidation and threats like what happened to scholars such as M.M. Kalburgi. Then, they infringed on freedom of expression like what happened to the documentary featuring economist Amartya Sen. Their last resort was to harass opponents on available platforms, including social media.
He claimed that writers were not allowed to raise their voice against such developments.
Writers K.P. Ramanunni and Ashokan Cheruvil were present, among others.
In another session on Journalism in the time of fascism, veteran journalist Shashi Kumar alleged that the mainstream media, especially English-language newspapers, were suppressing news that they perceived to be against the interests of the ruling establishment.
The farewell speech of former Vice President Hamid Ansari had an important point about the insecurity being faced by Muslims in the country. The response from the Prime Minister was not reported in the proper context.
In news debates, anchors were often seen taking sides with the Centre. This capitulation to the dominance of the vicious brand of politics of the BJP and the Rashtriya Swayamsevak Sangh was unexpected from the media, he said.
There is some amount of self-regulation in the media. Self regulation in a manner where you wont put the BJP government in bad light, he claimed.
Mr. Kumar also alleged that the English-language news channels were also projecting Kerala as if the law and order situation in the State had collapsed and there was a jungle raj.
He said the situation in the State was not worse that what was happening in States such as Gujarat, Madhya Pradesh, and Rajasthan.
There were sessions on poetry, music and drama too.
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Trump Administration to Begin Probe of Alleged Chinese Technology Theft – Wall Street Journal (subscription)
Posted: at 2:07 am
Wall Street Journal (subscription) | Trump Administration to Begin Probe of Alleged Chinese Technology Theft Wall Street Journal (subscription) WASHINGTONThe Trump administration announced plans Saturday to pressure China over alleged intellectual property theft, adding the threat of trade retaliation to an ongoing campaign seeking greater cooperation from Beijing in the North Korean ... Trump Administration to Launch Probe of Alleged Chinese Technology Theft -- Update |
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Victoria Teo, Technology Field, Sustainability, and the Roman Goddess – The Good Men Project (blog)
Posted: at 2:07 am
Embed from Getty Images
Victoria wants to explore the world with her imaginary cat. She hopes that she can contribute to the movement of world peace while attaining the meaning of why? When shes not studying (which is most of the time), she can be found singing, cooking edible food, and wondering why she isnt studying.
Victoria is the founder of Cering,a technology company focused on the empowerment and safety of women. Ceringsgoal is to help women all over the world feel safer with wearable technology that is integrated into day-to-day personal accessories for your convenience.
Scott Douglas Jacobsen:How did you become involved in the technology field?
Victoria Teo: I never really planned to become involved with technology, actually! However, its so prevalent in the world today that its inevitable that all of us will get involved with technology in some way or another. I started Cering during a local pitch competition, which I had joined two days before the actual event. I was in theYoung Entrepreneur Leadership Launchpad (YELL) programat the time, so my team endorsed the idea after the pitch competition, and we ended up winning the year-end Dragons Den-style Venture Challenge with Cering. From there, we decided to continue pursuing our business.
Jacobsen: How did you begin to develop a new interest in sustainability?
Teo: I waspart of theMetro Vancouver Sustainability Toolbox (MVST) program, which soughtlike-minded youth leaders who shared a passion for sustainability from all over Metro Vancouver together. Participating in this program connected me to so many amazing youth and community partners within Metro Vancouver, and inspired me to lead theLove Food, Hate Waste Campaign, which included a workshop series, in my school. I am excited to see where my journey in sustainability takes me!
Jacobsen: Theres an unacknowledged form of activism. Some might think of protests, letters, petitions, and community organizing when they think ofactivism. However,there are other types, too. Entrepreneurship geared towards future technologies and sustainability is one. You founded Cering, a wearable technology company. What is the product and vision behind the company?
Teo: We are definitely a company that is focused on our social impact. Cering is founded on the belief that everyone has the right to security and to feel safe. It is a line of jewelry that when activated, alerts the local authorities and the wearers loved ones, and notifies them of the wearers location through the app on their phone. We are prototyping a sleek and discreet bracelet that will be activated with the touch of a button. With Cering, we hope to connect those who believe in our vision of a safer world with no fearwhere dreams can be made reality.
Jacobsen: You named the company after the Roman Goddess, Ceres. She rescues and protects vulnerable women. With the vision of Cering as womens empowerment and safety, how does the company assist in this?
Teo: Cering is creating the Cering Nationa community of people who support and believe in our vision of empowering women to pursue their aspirations and live a life with no fear. We recognize that safety is an alarming and relevant issue in the world today, as statistics show that up to one in three women will experience physical or sexual violence in their lives. Raising awareness and taking a stance for our beliefs is a core value of ours, and through this, we truly believe that Cering will positively impact womens safety and empowerment.
Jacobsen: Being a young entrepreneur, how does your lifestyle differ, e.g. in school, in business, and in extracurriculars, from those who arent currently as involved as you?
Teo: I enjoy a life filled with spontaneity, so its thrilling to be both a student in school and an aspiring professional going out to conferences, events, and coffee with role models that I look up to. Its definitely tough to balance scholarships and university applications, work, school, and all my other extracurriculars, and there are sacrifices to make, but its worth it because I genuinely love and am passionate about the work I do. Its interesting to wear multiple hats throughout a week and it can be exhausting, but its probably more fun than being just a student. I think that getting myself out there gives me this unleashed confidence and assurance in both myself and the future I have in the world outside of high school.
Jacobsen: You are the President of the Indian Umbrella branch in your high school as well. What are some the things you do for activism with them such as youth empowerment and developing country aid?
Teo: Indian Umbrellais a youth-founded non-profit organization that empowers Canadian youth to raise awareness and monetary aid for grassroots charities in India. I am passionate about developing country aid and interested in Indian cultures, so I am proud to have this opportunity as my branchs president! Through Indian Umbrella, I am focusing especially on inspiring and educating youth. I believe that it is important for todays youth to understand why they support a certain cause, so I am bringing in multiple guest speakers involved in non-profit workto shed a light on what supporting these causes mean beyond secondary school.
Jacobsen: People can communicate more easily with hardware like cell phones and software like Facebook, Twitter, and Instagram and activism requires more rapid communication to organize and coordinate in the electronic era. Does this analysis seem correct to you?
Teo: Yes! It does. I am very lucky to live in an era where communication, organization, and planning is made easy through technology. I utilize all of the above softwares daily, and it is definitely an advantage that can be taken for granted. I do think that these benefits can go down two streets, though. Power must always be used responsibly, and can always be used for good as well asfoul intentions.
Jacobsen: Thank you for your time, Victoria.
Teo: It was a pleasure! Thank you for having me.
By Scott Douglas Jacobsen
* All views expressed in this interviewbelong to the interviewee and dont necessarily reflect the views of CYH.
Original publication on http://www.checkyourhead.org.
Photo Credit: Getty Images
Scott Douglas Jacobsen founded In-Sight Publishing and In-Sight: Independent Interview-Based Journal. He works as an Associate Editor and Contributor for Conatus News, Editor and Contributor to The Good Men Project, a Board Member, Executive International Committee (International Research and Project Management) Member, and as the Chair of Social Media for the Almas Jiwani Foundation, Executive Administrator and Writer for Trusted Clothes, and Councillor in the Athabasca University Students Union. He contributes to the Basic Income Earth Network, The Beam, Canadian Students for Sensible Drug Policy, Check Your Head, Conatus News, Humanist Voices, The Voice Magazine, and Trusted Clothes. If you want to contact Scott: [emailprotected]; website: http://www.in-sightjournal.com; Twitter: https://twitter.com/InSight_Journal.
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Victoria Teo, Technology Field, Sustainability, and the Roman Goddess - The Good Men Project (blog)
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‘Blockchain technology will change the world’: Fidelity Labs SVP – CNBC
Posted: at 2:07 am
Imagining the future of blockchain technology is like trying to imagine Google and Facebook on the day the first web browser came out, said Hadley Stern, senior vice president at Fidelity Labs.
Stern is responsible for running Fidelity's bitcoin, blockchain and digital currency incubator. His research team has been experimenting with bitcoin because he said it is like "digital gold" and that "blockchain technology will change the world."
The corporation announced Wednesday that it started allowing clients to view bitcoin and other cryptocurrencies on its website, making it one of the few established institutions that have warmed up to cryptocurrencies.
"The big story is you can transfer value through software and software alone. This is a huge societal breakthrough," Stern said on CNBC's "Closing Bell."
And regardless of whether bitcoin will survive, it could be like the Napster of blockchain technology, Stern said, where it is the first of its kind but the next products, in this case Spotify and Apple Music, get better and better.
"I do think [cryptocurrencies] will make things, whether it's bitcoin or something else, faster and cheaper and create new products and services that we can't even imagine," Stern said.
While some critics are skeptical of how bitcoin is used, Stern said that banning the cryptocurrency would be like banning the web or open internet protocols.
"Whether governments like it or not, it's here to stay," he said.
Stern did emphasize though that Fidelity's move does not mean their clients can make bitcoin transactions through their corporation, saying "we're not necessarily making a judgment on bitcoin." It is just a way for clients to view their bitcoin balances alongside their accounts.
Bitcoin reached an all-time high of around $3,500 Friday, up more than 20 percent for the week.
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'Blockchain technology will change the world': Fidelity Labs SVP - CNBC
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