Skip to main content

Posts

Showing posts from July 17, 2017

Sophisticated airline apps improve the travel experience

Very interesting to see that, steadily, people across the world use smartphone apps to manage different aspects of their lives. For instance, travelers’ interest in airline apps and in-app support is on an exciting curve; so that, airline apps that are not providing in-app service and support are missing an opportunity to engage customers. The results of the survey conducted online within the United States by Radius Global Market Research on behalf of Helpshift June 12-13, 2017; among 2,170 adults 18+ in the United States reveal that, improved experience, the ability to see flight and airport information right on their smartphone, convenience, in-app service and support is at the core of stakes.

The adoption of digitalization in the chemicals industry has opened avenues of growth

It is now clear that, the adoption of digitalization in the chemicals industry has opened avenues of growth in markets which were inaccessible till date. Digital marketing enables manufacturers to connect with new prospects and turn them into long-term clients. Starting from raw materials to end-consumers, digitization makes cross-functional integration of R&D, marketing, and the sales team quite easy. These changes now make it possible for organizations to make precise and effective decisions while having a clear-cut vision and direction.

Here is why chemical companies should incorporate R&D in their sales and marketing strategies

Steadily, one can observe that, the biggest challenge faced by the chimical industry comes from its conventional way of reaching out to its client base; therefore, it has become crucial for chemical companies to incorporate research and development in their sales and marketing strategies. For those who are unfamiliar, the digital transformation of the chemicals industry is a process involving the adoption of mindsets, skills, and tools, which are driven by technology and touch every aspect of the business.

ANZ, Westpac, Scentre and IBM for successful blockchain trial for bank guarantees

At the core of stakes, we have the digitization of the bank guarantee process used for commercial property leasing. One can observe that, in addition to eliminating the need for physical document management, the trial also addressed other inefficiencies in the current bank guarantee process, including the challenges in tracking and reporting of a guarantee’s status through multiple changes.

Distributed Ledger Technology (DLT) to eliminate the need for current paper-based bank guarantee documents

Very exciting to see that, ANZ, Westpac, Scentre and IBM have completed successful blockchain trial for bank guarantees.
In effect, the trial used Distributed Ledger Technology (DLT) to eliminate the need for current paper-based bank guarantee documents, resulting in a single source of information with reduced potential for fraud and increased efficiency. 
For those who are unfamiliar, DLT powered by Hyperledger Fabric V1.0 is a blockchain framework and one of the Hyperledger projects hosted by The Linux Foundation. DLT is part of what underpins a blockchain.
The companies involved in the trial have today released a whitepaper detailing how the solution worked and how it could be used in other situations that rely on bank guarantees. You can view the whitepaper here: https://bluenotes.anz.com/content/dam/bluenotes/documents/whitepaper%20_bank_guarantees_dlt_poc.pdf