Technologies

How blockchain technology can revolutionize international trade

Since time immemorial, technological innovations have shaped the structure of commerce and trade. The discovery of electricity encouraged mass production and the advent of steam engines ushered in an era of mechanized production.

From information to communication, technology has been used everywhere to make life easier. For this reason, blockchain technology has been tapped by many as the next big thing, considering its use cases which cut across numerous industry verticals.

Mainly used in keeping records of transactions, blockchain technology is a type of distributed ledger technology.

Blockchain makes a difference

According to Statista, blockchain makes keeping data records easier, more transparent, and even more secure. Owing mostly to its resistance to alteration, blockchain offers time-based information on transactions, whether they are between private individuals, corporate entities, supplier networks or even an international supply chain.

It is also a common notion that blockchain is only a technology for Bitcoin (BTC).

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Technologies

Technology Company Seeks County Incentive For $7 Million Project

On Thursday, August 4, the Guilford County Board of Commissioners is holding a public hearing to get input on an economic development incentive grant request of $41,630 for IQE Inc. The stated purpose of giving taxpayer money to the company is to help convince corporate leaders to develop a facility expected to generate about $7 million in capital investment and create 31 new full-time jobs in the area.

IQE makes an item in high demand these days – semi-conductors. The company also makes other products that serve cell phone markets, the aerospace industry and 5G networking infrastructure markets among others.

The company is headquartered in the United Kingdom and has a presence in Pennsylvania, Massachusetts and Greensboro as well as other places.

The commissioners’ meeting agenda for Thursday night reads, “One of the sites being considered is located within Guilford County.”

In almost all economic incentives cases, that language means

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Technologies

Will SoFi Technologies post Q2 consensus beat amid recession fears, rising interest rates?

Man using mobile smart phone with global network connection, Technology, innovative and communication concept.

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Will SoFi Technologies (NASDAQ:SOFI) post a consensus beat in Q2 amid recession fears and rising interest rates?

Reassessing valuations in the fintech and payments sector, Credit Suisse Analyst Timothy Chiodo downgraded certain technology companies on recession fears or the lack of exciting developments to propel the stocks upward.

The sector has been under pressure since Q4 2021 by rising interest rates, inflation, general macro weakness, geopolitical impacts from the Russia-Ukraine war, and foreign currency exchange headwinds, among other factors, he had said.

However, Chiodo has rated SOFI Neutral.

Additionally, the Federal Reserve raised its key interest rate by 75 basis points last week, with the Federal Open Market Committee having said it’s “highly attentive to inflation risks.”

Since the beginning of 2022, returns from fintechs such as SoFi Technologies have been hit hard in the wake of a rising interest rate environment. Large rate

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Technologies

Apple should scan iPhones for child abuse images, says scanning technology inventor | Apple

Apple should take heed of warnings from the UK’s security services and revive its controversial plans to scan iPhones for child abuse imagery, the inventor of the scanning technology has argued.

Prof Hany Farid, an expert in image analysis at University of California, Berkeley, is the inventor of PhotoDNA, an “image hashing” technique used by companies across the web to identify and remove illegal images. He said that, following an intervention from the technical leads of GCHQ and the National Cyber ​​Security Center backing an extension of the technology on to individual phones, Apple should be emboldened to revive its shelved plans to do just that.

“The pushback was from a relatively small number of privacy groups,” Farid said, speaking to the Internet Watch Foundation (IWF) on the child safety group’s latest podcast. “I contend that the vast majority of people would have said ‘sure, this seems perfectly reasonable’, but

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Technologies

Can the Stock Move Higher?

Wall Street expects a year-over-year decline in earnings on higher revenues when Palantir Technologies Inc. (PLTR) reports results for the quarter ended June 2022. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 8, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.03 per share in its

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