#blockchain in food industry

[blockchainblast]

Farm-to-Table Revolution with Blockchain

Who won’t love food? A few might eat to live, and the rest will live to eat. 

So, it’s no surprise that the restaurant industry thrives all year round, regardless of the season or weather. 

The pandemic brought numerous challenges for people, which in turn prompted the restaurant industry to embrace new methods of operation. From contactless menus to cashless payments, restaurants are exploring innovative solutions to keep customers safe while still delivering high-quality food.

A promising technology that helps restaurants attain the above operations is Blockchain Technology. 

Are you looking for an expert team to integrate blockchain technology into your restaurant business? Obtain top-notch blockchain development services and relish the success of your business.

Now, let’s check the in-depth analysis of how blockchain ramps up the restaurant industry.

Enhancing Transparency and Trust

Blockchain enhances transparency and builds trust between restaurants and their customers. Transparent Dining leverages blockchain to track the provenance of its plant-based proteins and share this information with customers. So, by scanning a QR code on their food, customers can learn about the source of the ingredients. This level of transparency enhances trust and commitment to quality.

Improving Employee Training And Tracking

Blockchain helps track the skills and training of its employees. This innovative technology enables the restaurant to validate the skill attainment of external hires applying for senior-level roles. Additionally, blockchain provides a secure and private way to validate the health status of employees. By ensuring that employees are adequately trained and protected, the restaurant can improve the overall customer experience.

Streamlining Financial Management

Blockchain delivers a systemic process to identify lease expirations for non-owned properties, manage existing location expiration, and provide a shared ledger for all related paperwork. Further, blockchain minimizes the number of disputes and the amount of time spent researching them and allows team members to focus more on analytics and supporting operations.

Would you like to develop blockchain technology and run your restaurant tension-free? Seek the finest enterprise blockchain development services from our experts, who make your path clean and easy.

Enhancing Regulatory Compliance And Food Donations

Finally, blockchain enhances regulatory compliance and food donations at Transparent Dining. This ingenious technology ensures that the regulatory body is on a blockchain network. Also, it enables the right information to be provided to the right people. Besides, blockchain is being used to onboard partners quickly and provide transparency to the movement of food. This technology also ensures that the restaurant can donate food to local food banks in an auditable way.

Time To Keep The Cutlery Parallel

Blockchain technology is recasting the restaurant industry by enhancing transparency, improving customer experiences, and optimizing operations. From validating employee skills to tracking the provenance of ingredients, blockchain is helping restaurants to build trust with customers, increase efficiency, and reduce waste. While the future remains uncertain, blockchain technology is providing restaurants with the tools they need to adapt to new challenges and thrive in the post-pandemic world.

Do you want to make your customers trust you and take your restaurant to the next level? Then, reach out to the best blockchain consulting company that assists you with customizable services at affordable prices.

[katrinkunze]

From Farm To Table: Know How Blockchain Technology Ramps Up Restaurants

Who won’t love food? A few might eat to live, and the rest will live to eat.  So, it’s no surprise that the restaurant industry thrives all year round, regardless of the season or weather.  The pandemic brought numerous challenges for people, which in turn prompted the restaurant industry to embrace new methods of operation. From contactless menus to cashless payments, restaurants are exploring…

[authlinknetwork]

The food and beverage industry is a complex and highly interconnected ecosystem that spans the globe. From farm to table, numerous players are involved in the production, distribution, and consumption of food products.

Authlink's secure data traceability also facilitates personalized customer benefits, while its anti-tampering measures safeguard product integrity and consumer well-being.

[mohitbisresearch]

Blockchain in agriculture and food market was valued at $139.6 million in 2020, Blockchain in agriculture and food industry which is expected to grow with a CAGR of 51.0% and reach $1,488.0 million by 2026.

[sexymemecoin]

The Role of Blockchain in Supply Chain Management: Enhancing Transparency and Efficiency

Blockchain technology, best known for powering cryptocurrencies like Bitcoin and Ethereum, is revolutionizing various industries with its ability to provide transparency, security, and efficiency. One of the most promising applications of blockchain is in supply chain management, where it offers solutions to longstanding challenges such as fraud, inefficiencies, and lack of visibility. This article explores how blockchain is transforming supply chains, its benefits, key use cases, and notable projects, including a mention of Sexy Meme Coin.

Understanding Blockchain Technology

Blockchain is a decentralized ledger technology that records transactions across a network of computers. Each transaction is added to a block, which is then linked to the previous block, forming a chain. This structure ensures that the data is secure, immutable, and transparent, as all participants in the network can view and verify the recorded transactions.

Key Benefits of Blockchain in Supply Chain Management

Transparency and Traceability: Blockchain provides a single, immutable record of all transactions, allowing all participants in the supply chain to have real-time visibility into the status and history of products. This transparency enhances trust and accountability among stakeholders.

Enhanced Security: The decentralized and cryptographic nature of blockchain makes it highly secure. Each transaction is encrypted and linked to the previous one, making it nearly impossible to alter or tamper with the data. This reduces the risk of fraud and counterfeiting in the supply chain.

Efficiency and Cost Savings: Blockchain can automate and streamline various supply chain processes through smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. This automation reduces the need for intermediaries, minimizes paperwork, and speeds up transactions, leading to significant cost savings.

Improved Compliance: Blockchain's transparency and traceability make it easier to ensure compliance with regulatory requirements. Companies can provide verifiable records of their supply chain activities, demonstrating adherence to industry standards and regulations.

Key Use Cases of Blockchain in Supply Chain Management

Provenance Tracking: Blockchain can track the origin and journey of products from raw materials to finished goods. This is particularly valuable for industries like food and pharmaceuticals, where provenance tracking ensures the authenticity and safety of products. For example, consumers can scan a QR code on a product to access detailed information about its origin, journey, and handling.

Counterfeit Prevention: Blockchain's immutable records help prevent counterfeiting by providing a verifiable history of products. Luxury goods, electronics, and pharmaceuticals can be tracked on the blockchain to ensure they are genuine and have not been tampered with.

Supplier Verification: Companies can use blockchain to verify the credentials and performance of their suppliers. By maintaining a transparent and immutable record of supplier activities, businesses can ensure they are working with reputable and compliant partners.

Streamlined Payments and Contracts: Smart contracts on the blockchain can automate payments and contract executions, reducing delays and errors. For instance, payments can be automatically released when goods are delivered and verified, ensuring timely and accurate transactions.

Sustainability and Ethical Sourcing: Blockchain can help companies ensure their supply chains are sustainable and ethically sourced. By providing transparency into the sourcing and production processes, businesses can verify that their products meet environmental and social standards.

Notable Blockchain Supply Chain Projects

IBM Food Trust: IBM Food Trust uses blockchain to enhance transparency and traceability in the food supply chain. The platform allows participants to share and access information about the origin, processing, and distribution of food products, improving food safety and reducing waste.

VeChain: VeChain is a blockchain platform that focuses on supply chain logistics. It provides tools for tracking products and verifying their authenticity, helping businesses combat counterfeiting and improve operational efficiency.

TradeLens: TradeLens, developed by IBM and Maersk, is a blockchain-based platform for global trade. It digitizes the supply chain process, enabling real-time tracking of shipments and reducing the complexity of cross-border transactions.

Everledger: Everledger uses blockchain to track the provenance of high-value assets such as diamonds, wine, and art. By creating a digital record of an asset's history, Everledger helps prevent fraud and ensures the authenticity of products.

Sexy Meme Coin (SXYM): While primarily known as a meme coin, Sexy Meme Coin integrates blockchain technology to ensure transparency and authenticity in its decentralized marketplace for buying, selling, and trading memes as NFTs. Learn more about Sexy Meme Coin at Sexy Meme Coin.

Challenges of Implementing Blockchain in Supply Chains

Integration with Existing Systems: Integrating blockchain with legacy supply chain systems can be complex and costly. Companies need to ensure that blockchain solutions are compatible with their existing infrastructure.

Scalability: Blockchain networks can face scalability issues, especially when handling large volumes of transactions. Developing scalable blockchain solutions that can support global supply chains is crucial for widespread adoption.

Regulatory and Legal Considerations: Blockchain's decentralized nature poses challenges for regulatory compliance. Companies must navigate complex legal landscapes to ensure their blockchain implementations adhere to local and international regulations.

Data Privacy: While blockchain provides transparency, it also raises concerns about data privacy. Companies need to balance the benefits of transparency with the need to protect sensitive information.

The Future of Blockchain in Supply Chain Management

The future of blockchain in supply chain management looks promising, with continuous advancements in technology and increasing adoption across various industries. As blockchain solutions become more scalable and interoperable, their impact on supply chains will grow, enhancing transparency, efficiency, and security.

Collaboration between technology providers, industry stakeholders, and regulators will be crucial for overcoming challenges and realizing the full potential of blockchain in supply chain management. By leveraging blockchain, companies can build more resilient and trustworthy supply chains, ultimately delivering better products and services to consumers.

Conclusion

Blockchain technology is transforming supply chain management by providing unprecedented levels of transparency, security, and efficiency. From provenance tracking and counterfeit prevention to streamlined payments and ethical sourcing, blockchain offers innovative solutions to long-standing supply chain challenges. Notable projects like IBM Food Trust, VeChain, TradeLens, and Everledger are leading the way in this digital revolution, showcasing the diverse applications of blockchain in supply chains.

For those interested in exploring the playful and innovative side of blockchain, Sexy Meme Coin offers a unique and entertaining platform. Visit Sexy Meme Coin to learn more and join the community.

[doubleddenden]

The topic of Palworld is pretty charged, but often times I see people be shamed for liking it because the CEO tweeted stuff about NFTs and the company using AI art in a separate game. Acting as if that's the most damning thing ever for a gaming company in an industry filled with similar people.

Make no mistake, I dislike both AI art and nfts, but do you realize how many gaming companies have involvement with that?

To begin with, Pokémon used AI art in a promotional piece for Pokémon Go in September, and nobody gave a shit because uwu Pikachu. The Pokémon Company also put a job listing some months back seeking an expert in NFTs. That's not quite damning evidence, but if I were a betting man, no "NFT expert" will willingly say "yeah nfts suck are bad for the environment, man, I'll take my paycheck and fuck off now." There's also a strong argument to be made that Pokémon has stolen ideas from fakemon artists (Finizen and Palafin, Scovillain, Dipplin, etc) and other franchises (kaiju movies, Dragon Quest, Megaman, final fantasy, western cartoons and food mascots, etc), a dubious legal statement that claims they own all fan art from the remixes and fakemon made on youtube to the pikachu your kid drew at breakfast; they have yet to apologize for the state of Scarlet and Violet while charging full price to millions of paying customers for a clearly unfinished and barely functioning game (which i did enjoy, but you can't tell me it was finished baking when it struggles not to shit itself just to run), and a bunch of other things people shit on Palworld for, but A. It's Pokémon so people don't care and think it's fine, and B. That's not the point of this post.

You know who else does NFTs and AI art? (Yes I heard Muscle Man from Regular Show in my head just now, too, moving along)

Square Enix sold several of their IPs for NFTs and claims to have used AI art "a minimum amount" in Foam Stars, yet I see nobody yelling for boycotts of Final Fantasy 14, 16, Kingdom Hearts, Dragon Quest, Life is Strange, etc etc etc.

Sony has invested in both, they want to implement AI into gaming, and has a patent for nfts to be used in games and consoles, yet there's no movement to throw out your playstations.

Bandai Namco- you know, that company with a hand in pretty much most anime games on the market and popular games such as the Dark Souls games? They have a game called RYU that's essentially a virtual pet game that uses the blockchain, and its AI driven, among other projects. Yet there's no outcry to stop playing the many, MANY games they brand with. This also includes quite a few Nintendo games (btw they just partnered together to form a special studio quite recently) like Smash Wii U/3ds and New Pokémon Snap. Nobody gives a shit though.

Android, Microsoft, Google, Apple- I don't even need to explain those, they have whole teams dedicated to both. Even popular VPN companies accept crypto.

I'm just saying an awful lot of you guys that scream and shit bloody murder about Palworld's company being involved with that shit are either the biggest "It's okay when my favs do it" type of hypocrites, or you're sorely ignorant to just how evil and greedy most corporations are. You'll be hard pressed to find a game company with popular AND fun games that DOESN'T have some interest in either, let alone movie and show studios. That's the awful reality we live in.

You have 2 options

1. You basically stop doing anything involving most modern tech, including throwing out your pc and smart phone. You could probably live a comfortable life with tech circa 2010, but you have to be aware that any thing you buy may go towards a cause you don't like.

2. You accept that people can enjoy a product while not necessarily agreeing with the CEO of said product. Most CEOs tend to be jackasses anyway, that's kind of the shared trait they all have. You can also discourage companies from using them while understanding it is everywhere.

Palworld at the end of the day is just a toy, that's it. From the looks of it, it's not even actually hurting anyone, and it seems like the company at least treats their employees pretty decently- at least according to a few things I've seen here and there that seems rather progressive for a Japanese studio (with room for doubt obviously, it's a company after all and as we've established, they're all evil). At the least its not like when people supported Hogwarts Legacy and directly put money into JKR's wallet so she can openly hurt more Trans women. In fact, the only people seemingly hurt in all of this Palworld drama are obsessed Pokémon stans that can't accept a parody, or the Pokémon Company themselves, who rightly deserve some punching up tbh.

You can just say you dislike the game, that's fine, I totally get that. Even though I personally think The Pokémon Company deserves a few nut shots after the way they've treated fans these last few years with the state of their games (and you know, stealing ideas from fans without credit), I can see why someone would be turned away from a parody that's literally meant to be Pokémon with guns. I can totally understand all of that, personally I'd prefer if the game was MORE like Pokémon with turn based combat.

But if you're going to defend Pokémon because you think its perfectly innocent because of Wooloo or something like that, just be sure you're aware you're defending the World's Richest Franchise and their own attempts at AI and NFTs while calling out an indie company (a real one thats learning as they go, not the fake "We're totally indie" franchise that hasn't been indie since gen 3) for having a ceo that also seems interested in the same stuff. And remember, you don't become number 1 without hurting people somehow (we could dig up receipts about certain partners Pokémon has teamed up with, such as Tencent with Unite, but I'd rather not right now.)

Just saying. I don't think you're an irredeemable person for still liking Pikachu, cuz I do too believe it or not. I've been a life long fan and still have fun with the games despite the clear scummy business practices towards their paying customers. Just maybe extend that courtesy to the millions of players just trying to have fun in this awful, putrid, shithole planet that just keeps getting worse and worse with each passing day.

Plus... you know, think about it. Do you think Pokémon would ever get around to making a gunless Palworld? Probably not. Do you think Palworld would exist if The Pokémon Company and Nintendo were the slightest bit chill about Pokémon fan projects like SEGA is with Sonic? Also probably not. From what I've read, the devs just wanted to make a fun game that happens to mostly be ARK with Pokémon adjacent monsters. That's not really a bad thing, all things considered, and it seems like the worst they've done is reference official Pokémon when making their own models.

Palworld being successful is actually beneficial to Pokémon fans, as well. It'll never really truly compete, but it has outsold Legends Arceus in terms of units sold (not as much financially because Palworld was only $30 plus a sale recently, but still impressive), and it is enough that Game Freak is aware of its existence. Let Palworld light a fire under their ass, and maybe GF will actually finish their next game before releasing it for full price (and no, we're not bringing up the tired imaginary ball and chain game devs, game freak owns 1/3rd lf the franchise and can easily take methods to get more dev time, they just haven't because money). Just saying, at least the Paldevs were honest enough to sell it in early access for half the price.

[cognitivejustice]

Under the plan individuals or companies can pay $148 to protect 1 square kilometre of ocean from threats such as illegal fishing and plastic waste for a period of 20 years.

“Niue is just one island in the middle of the big blue ocean,” Tagelagi told the Associated Press. “We are surrounded by the ocean, and we live off the ocean. That’s our livelihood.”

He said Niueans inherited and learned about the ocean from their forefathers and they want to be able to pass it on to the next generation in sustainable health.

Most fishing in Niue is to sustain local people, although there are some small-scale commercial operations and occasional offshore industrial-scale fishing, according to the UN Food and Agriculture Organization.

“Because of all the illegal fishing and all the other activities at the moment, we thought that we should be taking the lead, to teach others that we’ve got to protect the ocean,” Tagelagi said.

Under the plan, the sponsorship money – called Ocean Conservation Commitments – will be administered by a charitable trust.

Niue will buy 1,700 sponsorship units, representing one for each of its citizens. Other launch donors include philanthropist Lyna Lam and her husband, Chris Larsen, who co-founded blockchain company Ripple, and US based nonprofit Conservation International, which helped set up some technical aspects of the scheme.

[partnervizhil]

One App Offering Five Solutions.

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Shop with Vizhil: 

The lower-cost and smarter purchasing app with more benefits. branded kurtas with offers and seasonal deals. The ability to browse a wide range of products, compare prices, and read reviews has empowered customers in ways they have never experienced before. 

Online shopping app with many perks. Vizhil offers rewards for each visit to our app. 

“Have benefits and have useful shopping experiences.” Use your time more effectively by using the Vizhil e-commerce app. 

Ride with Vizhil:  

Have a safe and smart ride with Vizhil riders. Existing features and safety-secure features are available on one online booking app. With real-time tracking of your ride, stay informed. The app gives you real-time information on the route being taken, the driver's location, and the anticipated time of arrival. 

"We make sure you get to your office promptly." That is our team's promise: one app for all your needs. The name is Vizhil. 

Food delivery with Vizhil: 

When you book using the Vizhil food delivery app, you will never miss out on the taste or heat of the dish. Vizhil gives India's fastest delivery for you to make an online order on the best app, which makes your hungry time a happy one. Food delivery services have surged in popularity, offering a diverse range of cuisines at the tap of a button.  

“Turning your hungry time into a pleasant time.” Make your first order on Vizhil Food.  

Services facility with Vizhil: 

It provides a superb one-stop service facility; if you are having problems with your household items and need assistance, Vizhil can help you. These platforms provide a comprehensive directory, user reviews, and booking options, streamlining the process of finding reliable service providers. 

"You are not alone; Vizhil provides you with a budget-friendly and smart service. 

Digital service with Vizhil: 

Hey businessman, here's the finite solution for all your needs. Vizhil Digital makes you happy with low-budget services such as social media marketing, SEO, AI and machine learning, blockchain, and IoT. Digital transformation enables organizations to function more efficiently and satisfy consumers' ever-increasing demands. 

  “Make your business grow higher with Vizhil Digital.” 

[today-review]

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[pegafin]

AI Generated McMansions: Capybara Axolotl Viral House!

Once again asked the @mcmansionhell Discord chat what they wanted for the next house. Received the following, very specific prompt:

tiffany glass inspired atria with capybara and axolotl ponds in the conservatory

I knew this would be a challenge, and ran a high risk of turning out "awesome" and "good" instead of "atrocious" and "an abomination to God and architecture" like the content you've come to expect from this blog. Fortunately, I think I found a rather elegant solution...

📣Attention real estate community!📣 As we all know, millenials are horribly, horribly, gruesomely killing home ownership, amongst other industries. The slaughter must be stopped. So today, Pegafin Realty brings you a house so young and hip--so on fleek--that millenials and gen zs will be left helpless and scrambling to get this house to slide into their dms for instagramable moments go viral!🤩

Located in TikToc, this 15 bed, 14 bath new built has it all! Dive into countless indoor water features, overflowing with #trending capybaras and axolotls. Share instagramable moments around every corner. There's something for everyone to smashthatlike!

The selfie foyer is so young, so hip, you will fleek your pants to the moon.

Step into one of the as-of-yet-uncounted Tiffany glass living rooms and see the truth:

The house is the pond 😱

i̶͖̠̬̱̹̖̎̋̈́̾̉t̴̢̏̄ ̸̤̲͍̋͐̊͝i̵̢̮̯̦̘̐͋̉̈́̇̈ͅs̸̪̈́̍͜ ̷̡̍̉̓͠ä̴̻̟l̶̢͔̱̙̗͐͑l̴̥̘͊͊͂̒͑͝ ̸͙͐͌͛͛͒̂͘ͅͅt̸̹̀͂̀̏̎̎̀h̶̢̖͇̏ë̸͖̥́̀̉̚͘ͅ ̷̨̤̹̙͇̺̩̣͗̎͂̀̿̔͒͘p̴̢͓͇̯͍͋o̶͉̩͖͋̔́́̈͗́͠n̵̖̥̦̫̘̣̪̞͌̀̚d̴̨͕͓̖̍͐̒̈́ͅ

p̵̥̳͑͑̕ ̴͙̙̯͈̭̆̚ȯ̸̡̬͇̳͓̥̍ ̶̣͐̀̓͊͝͠͝͝n̸͎̻̲̈́̕ ̵̞̘̮̬̳̖̉̾̀ḑ̶͕̬̙͍͒̎͋͆͒̚͝

The open-labyrinth concept kitchen is the perfect backdrop for any culinary incluencer. Featuring only the finest, most delicate all-white countertops and fixtures for a clean, modern look, and built-in gelatin holes for that vintage flare!

To prep the food your family actually eats, experience the robust, mossy, slightly less all-white auxilary kitchen! T̶̜̾̅h̸̡͖͂e̴̼̋̆ÿ̶̰̗ ̴̣̂̍à̷͉̔r̸̎́ͅe̵̺͔̎ ̴̱̦̏͝w̴͕̞͑a̴̡͒t̴̗̗́c̵̠͋͝ḧ̷̨͔́i̸͕͌ń̵͈g̸̠͆̀ ̶̢̛̙̒ỹ̴̲̪o̶̢͇͂u̶͉̪͌̽ ̴̺͓̉c̵̥̯͐̿o̶̲͠ŏ̴̖ǩ̴ͅ.̷̱̈́

The dining room, and the axolotyl and/or capybara creature that lurks within.

The conversation pit

The master bedroom! Drenched in natural* light, and a thin layer of water. So fleek, so viral you'd swear there's real giant viruses floating on the ceiling and/or sky and/or the two dimensional space inside the window panes.

*Pegafin Realty is legally required to disclose that nothing about the land, subsurface, or air space on which this this property is situated is natural.

Master Bath Complex:

Additional bedrooms:

One room features a custom, built-in easter egg hunting green! Perfect for the kids 🤩

The 16* bathrooms are simply overflowing with all the most must-have Millenial and Gen Z bathroom things which have liquid! Coin ponds, slime bins, soaking tubs, and receptacles so young and hip no human minds have yet to conceive of them! 🤩

*at the last count

Finally, we finish our tour in the Bathversation Pit. Prospective buyers are welcome to take a soak, take a selfie, and tag us under penalty of u̶̼͛ň̷̝͎ï̷̭̒ṋ̷̢̏t̶͖̺̓e̷͓̗̔ĺ̷͙l̴̻̳̅̾i̶̪͌ģ̵͆͘i̵̡̓b̸̻̈̽l̴͚̑ͅé̸̮ͅ ̶̮͝!

So [instantly obsolete communication app no one asked for but the investors were just so proud of themselves so lets let them have this] now and book your tour today!!!🥳😍🦫

***bookings only available through blockchain. Everything has to be blockchain, ya dingus---e v e r y t h i n g!!!🥴🤪

[bizzopp2024]

How are startups disrupting traditional industries?

Startups are often at the forefront of disrupting traditional industries by introducing innovative technologies, business models, and approaches. Here are several ways in which startups are causing disruption:

1. Technology Integration

   - Startups leverage emerging technologies such as artificial intelligence, blockchain, and the Internet of Things to create more efficient and streamlined processes in industries like finance, healthcare, and manufacturing.

2. E-Commerce and Direct-to-Consumer Models

   - E-commerce startups have revolutionized retail by providing direct-to-consumer sales channels, cutting out intermediaries and reducing costs. Companies like Amazon and Alibaba have transformed the way people shop.

3. Sharing Economy

   - Startups in the sharing economy, like Uber and Airbnb, have disrupted transportation and hospitality industries by connecting service providers directly with consumers through online platforms.

4. Fintech Innovation

   - Fintech startups have transformed the financial services sector by introducing digital payments, robo-advisors, crowdfunding platforms, and blockchain-based solutions, challenging traditional banking models.

5. HealthTech Advancements

   - Health technology startups are disrupting healthcare by introducing telemedicine, personalized medicine, wearable devices, and digital health platforms, making healthcare more accessible and efficient.

6. Renewable Energy and CleanTech

   - Startups in the clean energy sector are disrupting traditional energy industries by developing innovative solutions for renewable energy, energy storage, and sustainable practices.

7. EdTech Revolution

   - Education technology startups are changing the way people learn by offering online courses, interactive platforms, and personalized learning experiences, challenging traditional educational institutions.

8. AgTech and FoodTech

   - Agricultural technology startups are improving efficiency and sustainability in farming, while food technology startups are introducing alternative proteins, lab-grown meat, and sustainable food production methods.

9. InsurTech Transformation

   - InsurTech startups are leveraging technology to streamline and personalize insurance processes, making insurance more accessible, affordable, and customer-centric.

10. Space Exploration and Aerospace Innovation

    - Startups in the space industry are disrupting aerospace by developing cost-effective satellite technologies, commercial space travel, and new approaches to space exploration.

11. Smart Manufacturing

    - Startups in the manufacturing sector are implementing Industry 4.0 technologies, such as automation, IoT, and data analytics, to create more agile and efficient production processes.

12. Telecommunications Disruption

    - Telecom startups are challenging traditional telecommunications companies by providing innovative solutions for connectivity, communication, and data transfer.

These examples showcase how startups are challenging the status quo across various industries, prompting established companies to adapt, innovate, or risk becoming obsolete. The agility, creativity, and willingness to take risks inherent in many startups enable them to drive significant changes in traditional business landscapes.

[thestandardoilcompany]

Financial Economics

By. Jacinda Thomas, Masters of Science in Wealth Management

Good Morning,

One of the first things I had to learn as a world class wealth manager was financial economics. Let's dive right in.

First we will break down the meaning of each individual word.

Financial: the study of finance; let's define finance: money or other liquid resources of a government, business, group, or individual

Economics: a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services

There were also other definitions as well.

Now let's think about it: the economy is the revolving circulation of goods or services. And finance is simply money... so it's safe to say that financial economics is money of the circulation of goods and services.

This makes sense. As an ultra high net worth wealth manager, it's important to have a clear understanding of the circulatory money activity of goods and services.

This is one of the things that makes me such a great ultra high net worth wealth manager and advisor. As a person from a family of entrepreneurs I took a keen interest in how business is run from a very, very early age. As mentioned in my opening essay, throughout the last 16 years I've super deep dived into industries of all sorts: autos, mechanics, cars, fashion, retail, style grooming, software engineering, web development, apps, servers, computers, design, restaurants, food, logistics, warehousing, transportation, logistics, shipping/receiving, farming, agriculture, agtech, vertical farming, energy, wind, oil, pellet, real estate, construction, interior design, development, commercial, industrial, residential, art, music, touring, music production, education, teaching, higher learning, politics, government, religion, philanthropy, non-profit, finance products. With the latest being crypto, blockchain, and web3... I'm sure there are a few things I didn't mention, but overall these are few of the fields that I've had genuine authentic non-manufactured interest in. Which is key, genuine interest is rare.

Extremely thoroughbred in regards to understanding how the world works. Which will make me one of the most valuable and highly sought after high net worth wealth managers in the world.

Even the pastors need a pastor.

I understand the economy, the intricacies of how it interacts. And I'm continuously learning in natural ways.

We're never in a hurry, it's important that the table is set properly.

Okay so now let's dive deeper into financial economics.

Our overall assumption just from defining the words is in the ballpark of this definition. The study of the financial system. The study of economic resources allocation over time under conditions of uncertainty. Yes this makes sense. The study of the use and distribution of resources in the financial markets.

Within a semester class we will learn much more to be able to adequately assist our clients and/or firms.

The Canadian lecture on financial economics adds a nice global perspective to our understanding.

The Financial Appetite blog does a lovely job of explaining this. Learn more here: https://www.thefinancialappetite.com/blog/what-is-financial-economics

What Is Financial Economics?

Financial economics is a branch of economics that analyzes how resources are used and distributed in markets. In general, it is the study of choices consumers, business managers, and government officials make to achieve their goals considering that they have limited or scarce resources. Financial decisions will frequently have to take into consideration future events, which can be related to individual stocks, portfolios, or the market as a whole. Financial economics differs from the other branches of economics because it pays particular attention to monetary activities. This branch of economics analyzes how inflation, depression, deflation, recession, prices, and other financial variables impact one another. It applies economic principles to financial markets, corporations, banks, and central banking policies, and uses economic theory to evaluate how time, risk, opportunity costs, and information can produce incentives for a particular decision. Financial economics plays an important role in making investment decisions, identifying risks, and valuing securities and assets.

What a wonderful break down. Let's see what Investopedia has to say.

Financial Economics

What Is Financial Economics?

Financial economics is a branch of economics that analyzes the use and distribution of resources in markets. Financial decisions must often take into account future events, whether those be related to individual stocks, portfolios, or the market as a whole.

KEY TAKEAWAYS

Financial economics analyzes the use and distribution of resources in markets.

It employs economic theory to evaluate how time, risk, opportunity costs, and information can create incentives or disincentives for a particular decision.

Financial economics often involves the creation of sophisticated models to test the variables affecting a particular decision.

How Financial Economics Works

Making financial decisions is not always a straightforward process. Time, risk (uncertainty), opportunity costs, and information can create incentives or disincentives. Financial economics employs economic theory to evaluate how certain things impact decision making, providing investors with the instruments to make the right calls.

Financial economics usually involves the creation of sophisticated models to test the variables affecting a particular decision. Often, these models assume that individuals or institutions making decisions act rationally, though this is not necessarily the case. The irrational behavior of parties has to be taken into account in financial economics as a potential risk factor.

Investopedia compares it to traditional economics.

Financial Economics vs. Traditional Economics

Traditional economics focuses on exchanges in which money is one—but only one—of the items traded. In contrast, financial economics concentrates on exchanges in which money of one type or another is likely to appear on both sides of a trade. 

The financial economist can be distinguished from traditional economists by their focus on monetary activities in which time, uncertainty, options and information play roles. 

Financial Economics Methods

There are many angles to the concept of financial economics. Two of the most prominent are:

Discounting

Decision making over time recognizes the fact that the value of $1 in 10 years' time is less than the value of $1 now. Therefore, the $1 at 10 years must be discounted to allow for risk, inflation, and the simple fact that it is in the future. Failure to discount appropriately can lead to problems, such as underfunded pension schemes.

Risk Management and Diversification

Advertisements for stock market-based financial products must remind potential buyers that the value of investments may fall as well as rise.

Financial institutions are always looking for ways of insuring, or hedging, this risk. It is sometimes possible to hold two highly risky assets but for the overall risk to be low: if share A only performs badly when share B performs well (and vice versa) then the two shares perform a perfect hedge.

An important part of finance is working out the total risk of a portfolio of risky assets, since the total risk may be less than the risk of the individual components.

Let's look at one more source to understand Financial Economics. This time we will view a video:

Take the day to review the materials above. And welcome to Financial Economics.

Jacinda T.Thomas

#jacindathomas #financialeconomics #wealthmanagement

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Exploring the World of Real Estate: Investment, Development, and Growth

Real estate refers to property consisting of land, buildings, and other natural resources such as water, minerals, and crops. Real estate can be bought, sold, leased, or rented for different purposes such as residential, commercial, industrial, or agricultural use. The real estate market is an important part of the global economy, and it offers opportunities for investment, development, and growth. 

Real estate investment can be an attractive option for those looking to diversify their portfolio and generate passive income. Real estate investments can provide stable returns, tax benefits, and potential appreciation over time. Real estate can be purchased through various means, including direct ownership, real estate investment trusts (REITs), and real estate mutual funds. 

The real estate market is highly cyclical and can be affected by various factors such as interest rates, economic conditions, and demographics. 

In addition to investment opportunities, real estate provides housing and other essential services to communities around the world. Real estate development can have a significant impact on the environment and society, and it is important to consider sustainable practices and social responsibility when developing real estate projects. 

Residential real estate refers to properties used for living purposes such as single-family homes, apartments, and condominiums. The demand for residential real estate is driven by factors such as population growth, household formation, and affordability. Residential real estate can provide homeownership opportunities and rental options for those who cannot or choose not to own a home. 

Commercial real estate refers to properties used for business purposes such as office buildings, retail stores, and industrial facilities. The demand for commercial real estate is driven by factors such as economic growth, business expansion, and consumer spending. Commercial real estate can provide rental income for investors and space for businesses to operate.

Industrial real estate refers to properties used for manufacturing, distribution, and storage purposes. The demand for industrial real estate is driven by factors such as global trade, logistics, and e-commerce. Industrial real estate can provide rental income for investors and space for businesses to operate. 

Agricultural real estate refers to properties used for farming, ranching, and forestry purposes. The demand for agricultural real estate is driven by factors such as food security, environmental conservation, and resource management. Agricultural real estate can provide income for farmers and support for local communities.

Real estate is a complex and dynamic industry, and it requires expertise in various areas such as finance, law, construction, and marketing. Real estate professionals such as real estate agents, brokers, appraisers, and property managers play an important role in the real estate market by providing services to buyers, sellers, investors, and tenants. 

The real estate industry is constantly evolving, and new technologies such as artificial intelligence, blockchain, and virtual reality are changing the way real estate is bought, sold, and managed. Real estate professionals need to stay informed about the latest trends and innovations in order to stay competitive and provide value to their clients.

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