Holding Campus Leaders Accountable and Confronting Antisemitism

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Fintech 300

November 29, 2023
mike@standardsmichigan.com
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The lack of money is the root of all evil. - Mark Twain

“The Architect’s Dream” 1840 Thomas Cole

Today at 16:00 UTC  update our understanding of construction spend in educational settlements every month and find that our industry ranks near the top of United States annual spend reported by the Census Bureau — about $100 billion annually — greater than the gross domestic product of more than half the world’s 200-0dd nations.  Economic activity at that level, and in this industry, has a few codes, standards, and guidelines related to the financing of public buildings.  They vary widely — by country, region, and even at the local level. 

  1. Government Budgeting and Accounting Standards:
    • These standards vary by country, but they typically include guidelines for budgeting, accounting, and financial reporting by government entities.
  2. International Public Sector Accounting Standards
    • IPSAS are a set of accounting standards for use by public sector entities around the world. They cover various financial reporting aspects, including the preparation of financial statements.
  3. Government Finance Officers Association Best Practices:
    • GFOA provides best practices and guidelines for financial management in the public sector, including budgeting, accounting, and debt management.
  4. Local Government Act or Municipal Act:
    • In many jurisdictions, there are specific legislative acts that govern the financial management of local governments or municipalities.
  5. International Monetary Fund Guidelines:
    • The IMF has guidelines on fiscal transparency and financial management for governments.
  6. World Bank Public-Private Partnership Guidelines:
    • The World Bank has guidelines for public financial management and infrastructure projects, including those related to public buildings.

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Blockchain in Supply Chain Finance

November 29, 2023
mike@standardsmichigan.com
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IEEE P2418.7 Standard for the Use of Blockchain in Supply Chain Finance

In traditional supply chain finance implementations, the compliance check is often done manually by financial institutions to compare the different paper-based trade finance documents. In such scenarios, high labor costs need to be spent while high fraud risks still exist, and it’s hard for small and medium enterprises to be covered. Blockchain technology can play a vital role in solving many SCF-related problems
Blockchain technology, as a basic infrastructure for exchanging value and information over the Internet, has been tried to create new solutions for SCF, aiming to reduce the complexity and make data sharing more transparent, accurate, efficient and secure, which could facilitate the businesses to come together in partnership, to fulfill small and medium enterprises financial demand and to speed up the funding flows throughout the supply chain.
Different Blockchain-driven SCF implementations may lead to fragmentation and it’s hard to be expanded in the future. Standardization of blockchain use in SCF will define a general framework, provide a base common understanding enabling innovation in supply chain finance and promote industry development

Public consultation closes July 23rd.

 

Blockchain Technology

November 29, 2023
mike@standardsmichigan.com

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Distributed Ledger Technology

The U.S. Commerce Department’s National Institute of Standards and Technology (NIST) issued a draft report — and a commenting opportunity the repport — that details a high-level technical overview of blockchain technology, its architecture, and how it works as the foundation of modern cryptocurrencies.  NIST requested feedback from the public and private sectors, national and international, for the final publication.  The document, Draft NIST Interagency Report (NISTIR) 8202: Blockchain Technology Overview, provided an in-depth look at the technologies that compromise blockchain systems and breaks down how blockchains can best be utilized, and how blockchain technology can be an asset to a business and its products.

“We want to help people understand how blockchains work so that they can appropriately and usefully apply them to technology problems,” said Dylan Yaga, a NIST computer scientist and co-author of the report. “It’s an introduction to the things you should understand and think about if you want to use blockchain.”

The report appears to have integrated public comment and now a landing page for NIST work in this area — as well as contact information for project leaders — is linked below

NIST Report on Blockchain Technology Aims to Go Beyond the Hype

Blockchain Technology Overview

NIST Headquarters / Gaithersburg, Maryland

Blockchain technology is a standing item on our Blockchain and Finance colloquia; open to everyone.  Keep in mind that blockchain is a nascent (or “pre-adoption”) technology.

Issue: [18-25]

Category: Finance, Academics,  Administration & Management

Colleagues: Mike Anthony, Jack Janveja, Richard Robben

 

Poland Secondary

November 28, 2023
mike@standardsmichigan.com

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Crêpes de babeurre au fruits frais

November 28, 2023
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Crumpets

November 27, 2023
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