Fintech 600

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Fintech 600

December 28, 2023
mike@standardsmichigan.com
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“Poker Game” 1894 | Cassius Marcellus Coolidge

Educational settlements, particularly large colleges and universities, are among the largest assets owned by a government or, in the case of so-called non-government settlements (– i.e. Notre Dame, Harvard, Grand Canyon University, etc.) by non-profit corporations. The “apartness” of these settlements are distinguished by  buildings old and new–often hundreds of them–made a coherent operating whole by substantial infrastructure, usually integrated into a host community.

Top 20 richest endowments

Today we summarize our findings, our involvement over the year past, leaving time to contemplate where our priorities should lie for the year ahead.   Finance generally, is a large domain, and not in our wheelhouse, but to fully understand our own work, we need to sustain sensitivity to money flow.   Use the login credentials at the upper right of our home page.

Higher Education Facilities Act of 1963

Construction Spend

Not-for-Profit Update

The Future of Real Estate

How Blockchain Will Change Construction

Cambridge Center for Smart Infrastructure & Construction

Education Community Finance

The Case Against Income Tax Exemption for Nonprofits

 

Smart

December 27, 2023
mike@standardsmichigan.com
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Allegory of Wisdom and Strength

The term “smart” is often associated with certain technologies, particularly within the context of blockchain and cryptocurrency, because it is used to describe specific features or capabilities that go beyond simple transactions or record-keeping. Let’s explore why the term “smart” appears in these contexts:

  1. Smart Contracts:
    • Definition: Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically enforce and execute the terms of a contract when predefined conditions are met.
    • Significance: The term “smart” in smart contracts reflects their ability to automate and streamline contract execution. These contracts are encoded with logic, allowing them to execute without the need for intermediaries, such as legal entities or enforcement agencies. Ethereum, a popular blockchain platform, introduced the concept of smart contracts.
  2. Smart Transactions:
    • Definition: In the context of cryptocurrencies and blockchain, the term “smart transactions” may refer to transactions that involve programmable features or conditions.
    • Significance: Smart transactions can include features such as multi-signature authentication, time locks, and conditional payments. These features add sophistication and flexibility to transactions, allowing for more complex and customizable financial arrangements.
  3. Smart Assets:
    • Definition: Smart assets refer to digital or tokenized assets that can represent ownership or rights and have programmable features.
    • Significance: These assets can have built-in rules and logic, allowing them to interact with smart contracts and other elements of the blockchain ecosystem. For example, a smart asset on a blockchain may have rules governing how it can be transferred or traded.
  4. Smart Technology Integration:
    • Integration with IoT and AI: In broader contexts, the term “smart” is also used when discussing the integration of blockchain with other emerging technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI). This integration enables more intelligent and automated systems.

The term “smart” emphasizes the programmability, automation, and sophistication that these technologies bring to the table. It signifies the ability to embed logic and conditions into transactions, contracts, and assets, leading to more efficient, secure, and versatile applications on blockchain networks.

Today we review titles in catalogs of best practice literature with claims about a component, system or practice of “smartness” evident in advanced features involving connectivity, automation and adaptation.  We limit our exploration to the catalogs of the accredited standards developers listed below:

American Society of Civil Engineers

American Society of Mechanical Engineers

ASHRAE International

ASTM International

Institute of Electrical and Electronic Engineers

International Electrotechnical Commission

International Standardization Association

National Fire Protection Association

Underwriters Laboratories

Let’s explore why the term “smart” appears in these contexts; keeping in mind that today’s time will not be spent on artificial intelligence “standards”; if they exist at all.  That domain is far from stabilized.  Use the login credentials at the upper right of our home page.

Smart Contracts in Blockchain Technology

December 27, 2023
mike@standardsmichigan.com
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International Institute of Information Technology, Bhubaneswar

 

An Overview of Smart Contract and Use Cases in Blockchain Technology

Abstract. In the last decade blockchain technology become mainstream research topic because of its decentralized, peer to peer transaction, distributed consensus, and anonymity properties. The blockchain technology overshadows regulatory problem and technical challenges. A smart contract is a set of programs which are self-verifying, self-executing and tamper resistant. Smart contract with the integration of blockchain technology capable of doing a task in real time with low cost and provide a greater degree of security. This paper firstly, explains the various components and working principle of smart contract. Secondly, identify and analyse the various use cases of smart contract along with the advantage of using smart contract in blockchain application. Lastly, the paper concludes with challenges lie in implementing smart contract the future real-life scenario.


CLICK HERE to order complete paper

Boxing Day

December 26, 2023
mike@standardsmichigan.com

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Makowiec

December 25, 2023
mike@standardsmichigan.com
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Makowiec is a poppy seed roll that is commonly served during the Christmas season. It is a sweet pastry filled with a mixture of ground poppy seeds, honey, nuts, and sometimes raisins. The roll is often braided or shaped into a log and can be dusted with powdered sugar.

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Makowiec: Polish Poppy Seed Roll

https://www.nationalityrooms.pitt.edu/events/polishfest-2021

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