Author: Dustin Coons
Blockchain, New Name Of Internet Finance
Blockchain is not a new word as it has become famous ins a short span of 12 months. An overwhelming figure of $1 billion people has been invested in the blockchain startups from the beginning when the technology was first introduced. What is new in it? Why are people taking an interest in this? What is so particular about this technology? To know this, one should first understand the role of blockchain and also need to understand the working of the blockchain. In simple words, Blockchain is a platform used for recording and verifying the account transactions. Blockchain was first created in 2009, the authors still unknown.
The working is done in such a way that the cash can directly be sent to one person without taking help from a financial institution. This digital ledger keeps a record of the transactions by logging the entries into a current chain of record and thus by giving proof of all kind of transactions that takes place in the Bitcoin network. These networks cannot be hacked, or no one can break it. This chain is known as the blockchain. The finance sector is the first sector that uses all the technology that has been introduced, and this one was not different. This technology helps in the process which is costly such as clearing and settlement. This is why there was a suggestion that blockchain should be known as the Internet of finance.
Many people have appreciated this, and more companies are ready to use blockchain as it will reduce the cost and time invested in getting things done manually. The only drawback is it will reduce the job of the middlemen. For financial companies, blockchain is like a dream come true which can erase money laundering or any other financial issues. Not only financial institutions but other companies have also expressed their happiness in the introduction of the blockchain.
Netflix Is Expected To Hike Rates By 80%, Watch Out For More
Are you a subscriber of Netflix? You need to be aware that Netflix is going to increase the prices in the coming months. But many do not have a clue either. Starting May 2014, the prices for a standard streaming plan were put at $9.99 a month. Existing subscribers entered the plan through the grandfathered scheme at $7.99 every month for HD quality plan of two streams. But now, this may comes to an end. All the grandfather customers will be upgraded to $9.99 plan. UBS states that about 17 million people or 37% of the American subscribers will be affected by the new change. The irony is that most of these 17 million are not aware of the proposed change as informed by JP Morgan research.
About 80% of the subscribers will now be increased and they did not know about that the price hike is coming in May. Now how does it matter? According to UBS estimate there would be a cancellation of accounts by 3-4% of the affected subscribers. But many are likely to continue including the 15% surveyed for JP Morgan. The increase in price hike may not affect Netflix, it is predicted. A comparison has been put up by UBS, accordingly when compared to over pay TV, the cost of per hour viewing in Netflix is 9 cents when compared to other pay TV packages where it costs 30 cents per hour.
According to Netflix all the customers will get an email notification on the new plans proposed by the company. Netflix will be introducing a $8 a month plan for videos in standard definition form allowing only one person to use the account at a time. There is also a higher version price of $12 per month that broadcasts videos in ultra high definition that allows customers to watch videos on four screens simultaneously.
New Dress Code For JP Morgan
JP Morgan, one of the biggest companies, have brought in new dress codes for its employees. The new code states that the business casual dress will be suited and tie for banking professionals as many people interact with clients and it demands some formality. JP Morgan has been following the new edict that the client-facing employees do not receive many benefits from the new dress code. However, if a client sees you, you should dress perfect for that client. JP Morgan agrees that while it is not possible to follow this dress code all the time, they will be releasing a new guideline for the same.
A casual weekend day has also been initiated which will be treated as a dress down day. On that particular day, employees will be allowed to wear jeans, collared t-shirts and other smart casuals. However, yoga pants, leggings, flip flops or anything distracting or revealing dresses are not encouraged. Strict actions can be taken against the employees who do not follow the dress codes mentioned on a dress down day. The action starts by giving a warning and then if the mistake is repeated, then it might affect your personal file which can result in a downward graph in your career.