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Quarta Revolução Industrial e questões jurídicas
A terceira revolução industrial não foi o fim da história. A partir do final do século XX e início do século XXI, novas tecnologias emergiram e se combinaram, dando origem a uma nova onda de mudanças profundas e aceleradas nos âmbitos econômico, social, político e cultural. Essa é a chamada quarta revolução industrial, que se diferencia das anteriores por ser baseada na revolução digital e por…
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#4 Rev Industrial#4a Revolução Industrial#Aprendizagem Automática#Big Data#Big Data 4.0#Biotecnologia#Biotecnologia 4.0#Blockchain#Blockchain 4.0#Computação em Nuvem#Computação em Nuvem 4.0#Criptomoedas#Criptomoedas 4.0#Cultura 4.0#Débito Global#Débito Global 4.0#Desigualdade#Desigualdade 4.0#Economia 4.0#Edição Genética#Empregos 4.0#Fórum Econômico Mundial#Fórum Econômico Mundial 4.0#Fusão Física Digital Biológica#Genética 4.0#Governos 4.0#IA 4.0#IA e Democracia 4.0#Impactos Biológicos#Impactos Biológicos 4.0
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Hi listen to Unglued 0224 Remix
#vesselage#i just know big data (artist) put me in the middle of colorado for my wrapped. i just know it#literally norhing will ever stop me being weird about big data. i might go on breaks but i will be back.#i will never stop waiting for 4.0 mr data.#also yes unglued always makes me think about glados portal i think shes sexy
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StairwAI and supporting SME in their AI based digital strategy: Open Letter
This is a short preview of the article: Dear participant to the StariwAI SMEs pilot implementation, congratulation for been in the final 14-een that has managed to join the program! Dear SMEs that are not in the pilot, do not despair there will be other opportunities, this is just the beginning! In both cases you have my
If you like it consider checking out the full version of the post at: StairwAI and supporting SME in their AI based digital strategy: Open Letter
If you are looking for ideas for tweet or re-blog this post you may want to consider the following hashtags:
Hashtags: #AI, #BigData, #Data, #DataScience, #DigitalStrategy, #Industry40, #SME, #Tensorflow
The Hashtags of the Categories are: #BigData, #CloudComputing, #InternetofThings, #MachineLearning
StairwAI and supporting SME in their AI based digital strategy: Open Letter is available at the following link: https://francescolelli.info/big-data/stairwai-and-supporting-sme-in-their-ai-based-digital-strategy-open-letter/ You will find more information, stories, examples, data, opinions and scientific papers as part of a collection of articles about Information Management, Computer Science, Economics, Finance and More.
The title of the full article is: StairwAI and supporting SME in their AI based digital strategy: Open Letter
It belong to the following categories: Big Data, Cloud Computing, Internet of Things, Machine Learning
The most relevant keywords are: AI, Big Data, data, Data Science, digital strategy, Industry 4.0, SME, Tensorflow
It has been published by Francesco Lelli at Francesco Lelli a blog about Information Management, Computer Science, Finance, Economics and nearby ideas and opinions
Dear participant to the StariwAI SMEs pilot implementation, congratulation for been in the final 14-een that has managed to join the program! Dear SMEs that are not in the pilot, do not despair there will be other opportunities, this is just the beginning! In both cases you have my
Hope you will find it interesting and that it will help you in your journey
Dear participant to the StariwAI SMEs pilot implementation, congratulation for been in the final 14-een that has managed to join the program! Dear SMEs that are not in the pilot, do not despair there will be other opportunities, this is just the beginning! In both cases you have my respect and support for trying to…
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Qual será o impacto, no futuro, das tecnologias de inteligência artificial?
A inteligência artificial (IA) têm o potencial de impactar o futuro, tanto positiva quanto negativamente. Alguns dos possíveis impactos incluem:
Melhoria da produtividade: As tecnologias de IA podem automatizar tarefas repetitivas e melhorar a eficiência em muitos setores, incluindo saúde, transporte, produção e fornecimento de serviços. Pessoas trabalhando lado a lado com ferramentas de IA provavelmente será a realidade em poucos anos;
Aumento do desemprego: As tecnologias de IA podem substituir trabalhos que antes eram realizados por humanos, criando desafios grandes para os trabalhadores, que terão que se requalificar, e para os governos que precisarão dar respaldo à sociedade durante essa mudança;
Melhoria da saúde: As tecnologias de IA podem ajudar a melhorar o diagnóstico e o tratamento de muitas doenças, bem como a pesquisa médica nas mais diversas áreas. Isso pode proporcionar mais qualidade de vida às pessoas e proporcionar uma vida mais longa;
Aumento da segurança: As tecnologias de IA podem ser usadas para melhorar a segurança em áreas como vigilância, detecção de intrusos e condução autônoma. Esses são apenas alguns exemplos, pois há muitos outros campos em que essa tecnologia pode ser usada, como a detecção de movimentação de encostas, por exemplo;
Preocupações éticas e legais: As tecnologias de IA também podem gerar preocupações éticas e legais, como invasão de privacidade e aumento do poder das grandes empresas e governos. Essa possibilidade, aliás, é bem real;
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#internet of things#big data#5g#industry 4.0#augmented reality#artificial intelligence#cybersecurity
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Opinions on Carnotaurus, they've always been one of my favorite dinosaurs and its very funny seeing people deny feathers on dinosaurs from the perspect of having the one dinosaur where most evidence (as far as i know, might need to catch up on some reading) points to no feathers. Its a real spiders georg situation
like carnotaurus has amazing skin impressions and no signs of feathers, which is fine! We know lots of dinosaurs probably lost their feathers at big sizes! but we still don't really know that a scaley fossil indicates no feathers. We need more taphonomic data on that, and such studies are hard to come by.
Anyways, feathers, no feathers, whatever. The most interesting thing about Carnotaurus is that its a sosig (sausage).
(by Andrey Atuchin, CC BY SA 4.0)
Abelisaurs were cursorial acrobats. They could turn on a dime and their long, ovular bodies helped with that, as well as their muscular legs and tail. Their heads were attached to strong necks, so they could just attack prey with their mouths while moving fast.
This was important, because most Abelisaurs in the late cretaceous were the top predators of their ecosystems, and what lived in their ecosystems?
Giant fucking titanosaurs
So being able to turn and move quickly gave these guys a leg up on the slower-moving giant bird giraffe-elephants around them
they didn't need their arms for hunting or movement anymore, so that's why they're so small - muscles in the neck region of dinosaurs tend to occupy a similar space as the muscles in the arm region, so more of one leads to a loss in the other. Strong neck for strong bites = weaker arms.
That said, what's weird is that they have a fully 360 degree rotational arms, which is not actually common, so it doesn't seem like something arms that aren't being used would have. Perhaps these tiny little nubbins were used for display - with bright colors or the like - and rotated around in the socket. Dinosaurs are very much Display oriented animals, as we see in living birds and the variety of display structures in extinct forms. this may just be the weirdest take on that theme!
Plus, the horns are Spiffy
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No zoom by European Space Agency Via Flickr: This image shows a globular cluster known as NGC 1651. Like the object in another recent Picture of the Week, it is located about 162 000 light-years away in the largest and brightest of the Milky Way’s satellite galaxies, the Large Magellanic Cloud (LMC). A notable feature of this image is that the globular cluster almost fills the entire image, even though globular clusters are only about 10 to 300 light-years in diameter (NGC 1651 has a diameter of roughly 120 light-years). In contrast, there are numerous Hubble Pictures of the Week that feature entire galaxies — which can be tens or hundreds of millions of light-years in diameter — that also more or less fill the whole image. A common misconception is that Hubble and other large telescopes manage to observe wildly differently sized celestial objects by zooming in on them, as one would with a specialised camera here on Earth. However, whilst small telescopes might have the option to zoom in and out to a certain extent, large telescopes do not. Each telescope’s instrument has a fixed ‘field of view’ (the size of the region of sky that it can observe in a single observation). For example, the ultraviolet/visible light channel of Hubble’s Wide Field Camera 3 (WFC3), the channel and instrument that were used to collect the data used in this image, has a field of view roughly one twelfth the diameter of the Moon as seen from Earth. Whenever WFC3 makes an observation, that is the size of the region of sky that it can observe. The reason that Hubble can observe objects of such wildly different sizes is two-fold. Firstly, the distance to an object will determine how big it appears to be from Earth, so entire galaxies that are relatively far away might take up the same amount of space in the sky as a globular cluster like NGC 1651 that is relatively close by. In fact, there's a distant spiral galaxy lurking in this image, directly left of the cluster — though undoubtedly much larger than this star cluster, it appears small enough here to blend in with foreground stars! Secondly, multiple images spanning different parts of the sky can be mosaiced together to create single images of objects that are too big for Hubble’s field of view. This is a very complex task and is not typically done for Pictures of the Week, but it has been done for some of Hubble’s most iconic images. [Image Description: A spherical collection of stars, which fills the whole view. The stars merge into a bright, bluish core in the centre, and form a sparse band around that out to the edges of the image. A few stars lie in front of the cluster, with visible diffraction spikes. The background is dark black.] Credits: ESA/Hubble & NASA, L. Girardi, F. Niederhofer; CC BY 4.0
#NGC 1651#ESA#European Space Agency#Space#Universe#Cosmos#Space Science#Science#Space Technology#Tech#Technology#HST#Hubble Space Telescope#Galaxy#Supernova#NASA#Creative Commons#Stars#Star#Globular Cluster#flickr
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It Will End
Daily Blogs 339 - Oct 9th, 12.024
Well, this is something that I have been thinking about for some time, and haven't being able to talk about because of some problems in these last days. But now I can...
These daily blogs will end in the 365° day.
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Since day one this has been something for myself, an anchor for my days and something that, to be honest, is supposed to be just important to me. I didn't start thinking that I would be actually be able to be somewhat consistent for one entire year, I just started because I discovered Tumblr and needed something creative to do. Focusing exclusively on programming wasn't helping my mind, even tho I love it, my creative part needed something to do. Not only it, but I simply was on a low point on my life when I started it, unable to be had a simple routine, to focus on my projects, the entire year I was trying to make my own projects to try to start my life and career, but nothing.
I didn't have an objective in life anymore, something to be passionate about, something to achieve for. Weeks before the first post, I looked back on what I loved and wanted to do in the past, and found an objective to look for from a child's dream, but didn't know where and how to start.
And well, things kinda aligned, I needed something to let my creativity flow, something to be consistent, and something to hopefully share the process of going after this dream. Creating blogs was the simplest and easiest answer.
The first posts I had a cute routine of getting my laptop and going on outside to write them on a small table, drinking coffee. I wasted around 2–3 hours on each post, trying to write long ones with a lot of content and thoughtful things. It didn't last long, after day 100 most of the blogs started to be at maximum 2 paragraphs long, I just didn't have content or time anymore, I started writing these posts from my desktop, at night, tired from the day.
However, the lack of content and time for these posts had a reason: I finally was being able to have a routine and focus on my projects! I was... improving.
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And now, deep into the 300s days, I think I proved myself.
Making these blog posts helped me get on my routine; focus on my projects and skills, which consequently made me able to get a job, and provide the means to finally be able to see the person that I love and kiss her (te amo mocinha @keikod); made me reflect constantly about myself and thoughts; helped me learn better what to say on the internet and how to separate personal with public life properly; made me meet new wonderful people and for the first time see someone actually care about something that I create already knowing me beforehand; I inspired someone.
When I was halfway in this journey of doing daily blogs, I started to dream about how cool it would be to be in the 1000° day, how people would think and react that I was able to make 1000° daily, the sheer amount of data that would be, what would even be talking about, maybe I would be famous!
However... I already am satisfied with today, why continue and end up burning myself? Even worst, why continue doing the same thing over and over again? I proved to myself that I can take a challenge, that I can create things, that I can have a routine and use it to build something big.
I should put this energy and time on the next thing, the next big thing, whatever it will be when I figure it out. It will be difficult, but I know I can do it now.
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Also, footnote, I won't stop making blogs, just stop making daily ones.
Today's artists & creative things Music: Any Day Now - by Bo Burnham
© 2024 Gustavo "Guz" L. de Mello. Licensed under CC BY-SA 4.0
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fifth round of stats
we haven’t had a stats update in >200 polls, so I figured it was probably overdue. this is based on the first 821(ish) polls. as usual, any time I give two percentages with a slash between them (e.g., “18.5% / 11.3%”), the first percentage is the mean and the second is the median.
general observations
we’ve had 43 majority-yes results so far; for comparison, we had 42 majority-yes results in the last round of stats, meaning that in the last 200 polls there has only been one new majority-yes result. this is why I think it might be a good idea to start reblogging above-average yes results.
the highest individual yes result on either this or the sci-fi blog is still C.S. Lewis’s The Lion, the Witch and the Wardrobe at 85.3% yes.
averages continue to drop
the mean yes result for all books is 13.9% (down from 15.9%), and the median yes result is 7.4% (down from 8.3%).
note that when I give aggregate numbers for things, I missed a book at some point when I was updating my spreadsheet, so any totals will only add up to 820 at most.
publisher
the gap between big 5 imprints and other publishers has narrowed, because of a big drop for big 5 imprints: big 5 imprints are now at 16.9% / 9.8% yes and other publishers at 7.0% / 3.0% yes (the median actually went up slightly — thanks, Mercedes Lackey!).
age demographic
children’s books continue to be much more likely to get a yes result; the averages across all categories have fallen again.
adult
there have been 453 adult books, of which 10 have gotten majority-yes results (2.2%). the average is 10.0% / 5.0% yes — note the very low median. an adult book that gets a more than 5.0% yes result is in the top 50% of most-read books in these polls!
teen/YA
there have been 161 teen/YA books, of which 4 have gotten majority-yes results (2.5%). the average is 13.3% / 8.4% yes.
children’s
there have been 206 children’s books, of which 29 have gotten majority-yes results (14.1%). the average is 22.3% / 15.8% yes (the median has dropped dramatically — it was 20.7% last time).
publication date
the decades that have enough books to provide (somewhat) meaningful data are still in a pretty clear bell curve peaking in the 1990s and 2000s:
18th century: 1
1830s: 1 book
1880s: 1 book
1890s: 2 books
1900s: 5 books
1910s: 3 books
1920s: 3 books
1930s: 6 books
1940s: 4 books
1950s: 10 books (average 35.1% / 23.5%, heavily skewed by Tolkien and Lewis lmao)
1960s: 8 books
1970s: 37 books (average 12.2% / 5.5%)
1980s: 68 books (average 15.1% / 6.4%)
1990s: 90 books (average 18.5% / 13.0%)
2000s: 191 books (average 16.9% / 10.1%)
2010s: 257 books (average 10.4% / 5.1%)
2020s: 133 books (average 9.5% / 5.2%)
race
the gap between white authors and authors of color has narrowed slightly, with the average for white authors dropping significantly and the average for authors of color rising slightly: books by white authors average 15.0% / 8.0% yes, and books by authors of color average 7.4% / 4.0% yes.
gender
books by women and books by nonbinary writers have a lower mean yes rate than books by men but a slightly higher median yes rate. this data suggests that in fact people read books by authors of all genders at relatively similar rates overall but that there are more bestsellers / classics by men (skewing the mean up).
women: 13.0% / 7.5%
men: 16.4% / 7.3%
nonbinary/other/none: 8.7% / 7.5%
geography
Oceania has finally got enough books that it’s not entirely determined by The Locked Tomb lmao.
North America: average 13.2% / 7.4%
Europe: average 17.6% / 8.9%
every other continent composite average: 8.4% / 3.7%
Asia: 4.4% / 2.9%
Oceania: 12.2% / 5.6%
language
the average for books originally published in English remains markedly higher (14.2% / 7.6% yes) than the average for books not originally published in English (9.4% / 2.9% yes), though it’s dropping. for other languages with >10 polls:
French: 7.2% / 1.7%
Japanese: 3.0% / 2.9%
so far in total we’ve had:
English: 752 books
French: 14 books
Japanese: 11 books
German: 8 books
Swedish: 8 books
Spanish: 5 books
Chinese: 4 books
Arabic: 3 books
Danish: 3 books
Korean: 2 books
Russian: 2 books
Welsh: 2 books
Finnish: 1 book
(Scottish) Gaelic: 1 book
Italian: 1 book
Polish: 1 book
Portuguese: 1 book
Yoruba: 1 book
as always, I especially invite submissions written in languages other than English, regardless of whether they’re available in translation!
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REVOLUCIONANDO LA CADENA DE SUMINISTRO CON SOLUCIONES INDUSTRIALES
El ingeniero industrial tiene competencias para diseñar sistemas de distribución y transporte de mercancías hasta llegar a los clientes finales. Cuenta con habilidades para coordinar el transporte de productos terminados a los almacenes, asegurándose del cumplimiento de las condiciones pactadas. También, revisar los inventarios en los almacenes y coordinar el correcto almacenamiento de los productos. Es una formación en la que puedes establecer con facilidad relaciones comerciales y controlar el progreso de un proyecto respecto a sus objetivos y plazos. Además, planificar, coordinar y controlar las actividades de los auxiliares administrativos a su cargo (Calaméo, s.f.).
Automatización y Robótica: El Futuro de la Productividad
La automatización ha demostrado ser una herramienta clave para la eficiencia operativa en la cadena de suministro. A través de robots colaborativos (cobots) y sistemas automatizados de almacenamiento y recuperación (AS/RS), las empresas pueden mejorar sus tiempos de entrega, reducir errores y optimizar el uso del espacio en almacenes.
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El Internet de las Cosas (IoT): Conectividad en Tiempo Real
El Internet de las Cosas está marcando una diferencia significativa en la gestión de la cadena de suministro. Sensores inteligentes instalados en equipos y vehículos permiten monitorear las operaciones en tiempo real, mejorando la visibilidad de la cadena y ayudando a predecir problemas antes de que afecten la producción.
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Big Data y Análisis Predictivo: Decisiones Basadas en Datos
Con la creciente digitalización de las cadenas de suministro, el volumen de datos generados es inmenso. Herramientas de análisis predictivo y Big Data permiten a las empresas anticiparse a las fluctuaciones del mercado, gestionar mejor sus inventarios y reducir desperdicios.
Sostenibilidad e Industria 4.0: El Camino Hacia Cadenas de Suministro Verdes
La sostenibilidad se ha convertido en una prioridad para muchas empresas. Gracias a las soluciones industriales, las cadenas de suministro pueden volverse más ecológicas mediante la implementación de energías limpias, reducción de emisiones de carbono y la creación de procesos más eficientes desde el punto de vista energético.
Blockchain: Transparencia y Seguridad en la Cadena de Suministro
La tecnología blockchain ha ganado tracción en las cadenas de suministro, proporcionando una capa adicional de transparencia y seguridad. Permite rastrear productos a lo largo de toda la cadena, garantizando la autenticidad de los mismos y evitando fraudes.
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MediaTek Dimensity 9300+: Experience Next-Level Performance
MediaTek Dimensity 9300+
All-Big-Core Processor: Superior Performance With the MediaTek Dimensity 9300+, Arm Cortex-X4 speeds are increased to unprecedented heights, setting a new standard for smartphone performance for enthusiasts and gamers.
1X Cortex-X4 operating at 3.4 GHz Max. 3X Cortex-X4 2.85GHz Up to 2.0GHz, 4X Cortex-A720 18 MB L3 + SLC cache Supported up to LPDDR5T 9600Mbps MCQ plus UFS 4.0 Third generation of TSMC 4nm chips manufactured MediaTek’s second-generation thermally optimised packaging design Premier Generative AI System in MediaTek Dimensity 9300+
Faster and safer edge computing is made possible by the MediaTek APU 790 generative AI engine. MediaTek Dimensity 9300+ first-to-market features and extensive toolchain help developers create multimodal generative AI applications at the edge quickly and effectively, offering consumers cutting-edge experiences with generative AI for text, photos, music, and more.
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Experience the most popular online games in HDR at 90 frames per second, while using up to 20% less power than other flagship smartphone platforms.
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Working with top game companies, MediaTek HyperEngine NOS offloads real-time network connectivity quality assessment, allowing for more efficient and power-efficient Wi-Fi/cellular dual network concurrency during gameplay.
Accurate Network Forecasting 10% or more in power savings Save up to 25% on cellular data guarantees a steady and fluid connection for internet gaming. Working along with Tencent GCloud Amazing Media Capture in All Situations The Imagiq 990 boasts zero latency video preview, AI photography, and 18-bit RAW ISP. Utilise its 16 categories of scene segmentation modification and AI Semantic Analysis Video Engine for more visually stunning cinematic video capture.
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Every year,their inventions impact over 2 billion devices Fifth-largest fabless semiconductor maker MediaTek. MediaTek chips power 2 billion devices annually; you undoubtedly have one! Here at MediaTek, they design technology with people in mind to improve and enrich daily existence.
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MediaTek provides you with all you need in terms of computing. MediaTek processors are made to meet the needs of the modern user, whether they be for gaming, streaming, work, or education.
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MediaTek Dimensity 9300+ Specs CPU Processor 1x Arm Cortex-X4 up to 3.4GHz 3x Arm Cortex-X4 up to 2.85GHz 4x Arm Cortex-A720 up to 2.0GHz Cores Octa (8)
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Storage Type UFS 4 + MCQ
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Specific Functions 5G/4G Dual SIM Dual Active, SA & NSA modes; SA Option2, NSA Option3 / 3a / 3x, NR FR1 TDD+FDD, DSS, FR1 DL 4CC up to 300 MHz 4×4 MIMO, FR2 DL 4CC up to 400MHz, 256QAM FR1 UL 2CC 2×2 MIMO, 256QAM NR UL 2CC, R16 UL Enhancement, 256QAM VoNR / EPS fallback
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Wi-Fi Antenna 2T2R
Bluetooth 5.4
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Read more on Govindhtech.com
#MediaTekDimensity9300#mediatek#MediaTekDimensity#ai#generativeai#llama2#smartphone#lorafution#llm#llama3#meta#technology#technews#news#govindhtech
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AI Beyond Efficiency: note on the event
This is a short preview of the article: This is a small note that summarize the first workshop of AI beyond efficiency that we did in Valencia in the past spring. It was a really fun and formative experience where we had the possibility to interact with many colleagues across Europe. We can clearly declare the workshop successful
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Hashtags: #ArtificialIntelligence, #BeyondEfficiency, #BigData, #Industry40, #Industry50, #IntelligentInteroperability, #InternetOfThings, #IoT, #Workshop
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AI Beyond Efficiency: note on the event is available at the following link: https://francescolelli.info/research/ai-beyond-efficiency-note-on-the-event/ You will find more information, stories, examples, data, opinions and scientific papers as part of a collection of articles about Information Management, Computer Science, Economics, Finance and More.
The title of the full article is: AI Beyond Efficiency: note on the event
It belong to the following categories: Big Data, Internet of Things, Machine Learning, Publication, Research
The most relevant keywords are: Artificial Intelligence, beyond efficiency, Big Data, Industry 4.0, Industry 5.0, intelligent interoperability, internet of things, IoT, Workshop
It has been published by Francesco Lelli at Francesco Lelli a blog about Information Management, Computer Science, Finance, Economics and nearby ideas and opinions
This is a small note that summarize the first workshop of AI beyond efficiency that we did in Valencia in the past spring. It was a really fun and formative experience where we had the possibility to interact with many colleagues across Europe. We can clearly declare the workshop successful
Hope you will find it interesting and that it will help you in your journey
This is a small note that summarize the first workshop of AI beyond efficiency that we did in Valencia in the past spring. It was a really fun and formative experience where we had the possibility to interact with many colleagues across Europe. We can clearly declare the workshop successful as we had to cap…
#Artificial Intelligence#beyond efficiency#Big Data#Industry 4.0#Industry 5.0#intelligent interoperability#internet of things#IoT#Workshop
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👆👆👆👆👆👆👆👆👆👆🖕
MULTA TELECAMERE, IL COMUNICATO DEL GARANTE
Sono 50mila euro, non 25mila.
E chi pagherà?
Il sindaco, che candidamente sostiene di aver agito "in buona fede", fidandosi di Consorzio dei Comuni (responsabile del trattamento dati) e FBK?
O i cittadini?
Oppure ci si rivarrà su questi 2 enti, se hanno fornito informazioni scorrette?
Il business dei big data è una gallina dalle uova d'oro, basta leggere i nomi delle società internazionali coinvolte.
La conoscenza dei movimenti (e delle conversazioni) dei cittadini è il volto 4.0 di censura, manipolazione, sorveglianza.
Se il Grande Fratello sa tutto di voi, avrà un potere immenso.
Non è una "banale" questione di privacy, ma di controllo sociale, già oggi arrivato a livelli inimmaginabili, con le intelligenze artificiali.
Sapendo cosa fate, pensate e provate, sono in grado di farvi fare, pensare e provare ciò che vogliono.
Se l'anima candida del sindaco non se ne rende conto, continueremo a vigilare noi.
È una promessa.
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What Are Lawful Structures for Fintech in Vietnam?
What Are Lawful Structures for Fintech in Vietnam?
The foundation for the leap forward in all spheres of life has been established by the 4.0 industrial revolution and the explosion of the Internet. Science and technology have a direct impact on the financial sector, which is not exception.
Fintech – Financial Technology is a new type of finance that has emerged alongside traditional finance and has superior characteristics that are appropriate for the current circumstance and actual requirements. Despite the benefits of Fintech, its operation is fraught with difficulties, including legal issues.
Blockchain, big data, cloud computing, artificial intelligence, biometrics, and other technologies may be used by fintech. However, Vietnam currently lacks a comprehensive legal framework for these technologies. As a result, depending on the circumstances, laws pertaining to intellectual property, information technology, high technology, science and technology, cyberinformation security, and cybersecurity can all be enacted. In addition to ensuring the security of databases and the intellectual property that is associated with them, these regulations partially facilitate the research, development, and application of technological innovation.
Digital payment, in particular, is a big part of fintech. Non-cash payments, intermediary payment services, and the Law on Credit Institutions govern this sector. The Top state leader likewise gave Choice 316 since Walk 9, 2021, permitting the utilization of versatile cash to pay for labor and products of little worth. This is the legal basis for Fintech companies that offer digital payment services and for customers to use this method. Applications of fintech include asset management, peer-to-peer lending, and crypto currencies, all of which are not yet clearly regulated in Vietnam.
Due to the significance of establishing legal guidelines for Fintech, Official Dispatch No. 2433/VPCP-KTTH dated August 31, 2021 of the Public authority Office coordinated: “The State Bank of Vietnam chairs and coordinates with relevant agencies to continue studying and concretizing regulations on the pilot mechanism of P2P lending in the process of developing and finalizing the draft Decree on a controlled trial mechanism. Control (Regulatory Sandbox) financial technology activities in the banking sector, report to competent authorities for consideration and decision in accordance with the provisions of the Law on Promulgation of Legal Documents”.
Resolution No. was published by the government on September 6, 2021. 100/NQ-CP supporting the proposition to plan a Pronouncement on a system for controlled testing of Fintech exercises in the field of the financial area. After conducting research, the Draft Decree on the controlled trial mechanism for Fintech activities in the banking sector was published by the State Bank of Vietnam in April 2022. This draft is currently at the phase of looking for public remark and has not been endorsed. The development of the draft denotes another move toward Vietnam's lawful system for Fintech, establishing a strong starting point for the later birth of the Declaration.
The Decree on Controlled Trial Mechanism for Fintech in the banking sector will be officially issued by the government in the event that the Draft is approved. Credit institutions and financial technology companies will be able to test Fintech technology in a controlled manner as a result of this Decree. They can survey the adequacy and potential dangers while utilizing Fintech arrangements. The experiment's findings can be used to identify problems that need to be addressed in order for the legislature to pass legislation to regulate Fintech in the banking sector. If this is the case, banking will be a ground-breaking industry that will inspire Fintech regulations in other areas.
Despite the solid and quick improvement of web and its application, having a different lawful system for Fintech in Vietnam in the future is normal. Fintech lawyers in Vietnam who are interested in Fintech could also contribute by commenting on draft laws and providing clients with advice based on real-world examples. It goes without saying that the technology sector is home to some of the most successful businesses in the world. Fintech is the startup with the fastest growth rate among them. The sooner legitimate system of Fintech can be given, the better for Vietnam to gobble up amazing chances to draw in venture and find the world.
Our Fintech, banking legal counselors at Insect Legal Advisors - a law office in Vietnam will continuously circle back to the improvement of the legitimate system in Fintech in Vietnam to give updates to clients.
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