PwC: Blockchain technologies could boost the global economy US$1.76 trillion by 2030 through raising levels of tracking, tracing and trust

LONDON, Oct. 13, 2020 /PRNewswire/ — New analysis by PwC shows Blockchain technology has the potential to boost global gross domestic product (GDP) by US$1.76 trillion over the next decade.  

 

 

That is the key finding of a new PwC report Time for trust: The trillion-dollar reason to rethink blockchain,  assessing how the technology is being currently used and exploring the impact blockchain could have on the global economy. Through analysis of the top five uses of blockchain, ranked by their potential to generate economic value, the report gauges the technology’s potential to create value across industry, from healthcare, government and public services, to manufacturing, finance, logistics and retail.

“Blockchain technology has long been associated with cryptocurrencies such as Bitcoin, but there is so much more that it has to offer, particularly in how public and private organisations secure, share and use data,” comments Steve Davies, Global Leader,

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Yelp flags restaurants accused of racism, raising concerns

Now Yelp, the platform that has more than 200 million crowdsourced reviews, announced Thursday that it will start flagging businesses that have been accused of racism, a new practice that some critics say could be abused by users.

In a blog post by Noorie Malik, the vice president of user operations, Yelp announced it will affix a “Business Accused of Racist Behavior” alert on accounts only when there is “resounding evidence of egregious, racist actions from a business owner or employee, such as using overtly racist slurs or symbols.” The alert will always be accompanied by a link to a news story from a credible media outlet, Malik wrote.

“As the nation reckons with issues of systemic racism, we’ve seen in the last few months that there is a clear need to warn consumers about businesses associated with egregious, racially-charged actions to help people make more informed spending decisions,” Malik

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Letesenbet Gidey and Joshua Cheptegei set new world records raising further questions about legitimacy of shoe technology

Two controversial world records were set on Wednesday over the course of a historic hour. Joshua Cheptegei broke the men’s 10,000m record, shaving six seconds off the previous time, while Letesenbet Gidey took four seconds off the women’s 5,000m time earlier at the event.

Both athletes made history while wearing Nike ZoomX Dragonfly spikes, a new version of the Nike Vaporfly shoe worn by a number of world record breaking athletes, including Mo Farah. 

At the event in Valencia, which had been branded as “World Record Day” in advance, Cheptegei broke a world record that had been set in 2005 by Kenenisa Bekele. The 24-year-old now possesses both the 10,000m and 5,000m world record, having broken the latter earlier this year.

Gidey’s performance in the women’s 5000m was just as astounding, recording a time of 14min 6.62sec, breaking Tirunesh Dibaba’s 2008 record.

The event was organised by Cheptegei’s NN Running

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Asia’s capital raising rush delivers record fees for banks in third quarter

HONG KONG (Reuters) – Asia’s equity capital markets generated a record pay day for investment bankers in the third quarter, bolstered by surging appetite for technology deals and a rush to list on China’s new STAR Market, Refinitiv data showed.

Asia Pacific, including Japan, saw bankers garner $3.6 billion in equity capital market (ECM) fees in July-September, up 145% from the same period a year earlier. The previous peak was $3.5 billion in the fourth quarter of 2009.

Bankers are also preparing to fatten their pay packets when Ant Group raises up to $35 billion in a dual listing in Hong Kong and Shanghai likely in October.

“Global capital markets are working. An enormous amount of money is available worldwide,” said Aaron Arth, head of the Asia ex-Japan financing group at Goldman Sachs. “All signs point to a steady desire and need for capital.”

Total equity market capital raised in

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3 Lessons Rebecca Alvarez Story Learned While Raising Capital For A Sexual Wellness Marketplace

When Rebecca Alvarez Story first started Bloomi, a sexual wellness marketplace, she understood that the gap she was trying to fill was one women had traditionally been encouraged to not speak about openly. 

Her mission was to solve for that exact problem. 

“By normalizing conversations around sex and wellness I hope other women, especially other women of color like myself, can feel empowered to embrace their sexuality and make informed decisions for their bodies,” she’d previously shared with Forbes. “It’s important that we talk about sex, because it’s a big part of our overall physical and emotional well-being.”

Now, as Bloomi has entered a round of crowdfunding and updated its strategy to meet the moment, Story has an even clearer view of how mission and product will intertwine. 

“When COVID hit, I began to lead free workshops covering a variety of intimacy and sexual

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Group raising $50,000 to send science kits to schools in South America, Caribbean

ORLANDO, Fla. – A group of passionate science communicators from around the world are working to bring science supplies to students in South America and the Caribbean and one of the group members plans to fly down the supplies once it’s all said and done.

Passage was founded by a growing group of young and veteran leaders in science, with the goal of supplying more than 20,000 pre-kindergarten to high school-age children with the tools to help them learn about science, technology, engineering and math fields.

“It’s for kids and students who, you know, maybe are in high school who are going to be going into college to get into STEM degrees, or just starting off who looked at Bob and Doug go to space and said, I want to be an astronaut,” Passage group member NASA engineer Joan Melendez-Misners said.

[SPACE CURIOUS PODCAST: Astronomers are working to ensure large

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