Operational Resilience for Electric Power Distribution Systems
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Financial Services
We find a few ANSI-accredited financial service standards developers with meaningful effect upon #TotalCostofOwnership of the real assets of the education industry; though consortia* are the rule, rather than the exception. Education community use of public money requires rigorous oversight; with some of the nuttiest party/counterparty regimes imaginable.
That much said we find that the existing suite of financial service standards coming from Geneva are too high level to have direct perceptible effect on money flows through the $300 billion education facility industry. Still, the best practice originating from ISO administration are noteworthy as prospective policy templates.
Vocabulary, instrument lexicon and data exchange issues are important; especially for a global industry (CLICK HERE for ISO TC/68 titles).
We limit our interest to the arcane and rather dreary world of tax-free bonds that school districts, colleges and universities rely upon to fund capital improvements and “continuing operations”. We see the prospect of disruption on the horizon as distributed ledger technologies roll out; the topic of our monthly Blockchain teleconferences. See our CALENDAR for the next online meeting; open to everyone.
For the moment, let us acknowledge Technical Committee 68 of the International Standardization Organization for which the American National Standards Institute is the Global Secretariat. The prospectus of this standardization project is linked below:
ISO/TC 68 Financial services: Background, structure and information
For obvious reasons, because the finance sector runs on the order of 20 percent of any economy there are many nations involved and a respectable number of published standards.
This section of the ISO catalog may interest business school and/or international studies students. We are happy to point students in the right direction any day during our 11 AM/ET “open office hours” teleconferences.
Finance staff on the business side of the education industry, who would like to keep pace with the rollout of smart contracts in grant and infrastructure enterprises, are encouraged to communicate directly with Accredited Standards Committee X9, Inc. for more information about the US Technical Advisory Group. Janet Busch is listed as the contact person (janet.busch@x9.org). Our colleagues in other nations interested in participating should communicate directly with Stefan Marinkovic at the ISO Offices in Geneva (marinkovic@iso.org)
We keep all ISO standards on the standing agenda of our International and Finance standards monthly teleconferences. See our CALENDAR for the next online meeting.
Issue: [16-135]
Category: Finance, International, Blockchain
Colleagues: Mike Anthony, Christine Fischer, Richard Robben
Public Broadcasting Act of 1967
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How Blockchain Will Change Construction
Autodesk Construction Cloud
Blockchain and distributed ledger technology has the potential to improve building construction in several ways:
• Asset Tokenization: Some projects explore the idea of tokenizing real estate assets, including buildings, which can enable fractional ownership and increase liquidity in the real estate market.
• Supply chain management: Blockchain can be used to track building materials throughout the supply chain, from the manufacturer to the construction site. This can increase transparency and traceability, reduce fraud and counterfeiting, and improve quality control.
• Payment processing: Blockchain can be used to automate payment processing for construction projects, allowing for faster and more efficient payments that are verified through the blockchain. This can reduce payment disputes and delays and increase the speed of project completion.
• Smart contracts: Smart contracts can be used in building construction to automatically execute contractual obligations, such as making payments or releasing building plans when certain conditions are met. This can reduce the need for intermediaries and improve the efficiency of the construction process.
• Building maintenance and management: Blockchain can be used to create a decentralized database of building maintenance and management records, such as warranties, repair records, and energy usage. This can make it easier for building owners and managers to track and manage building maintenance, reducing downtime and costs.
• Decentralized project management: Blockchain can be used to create a decentralized platform for project management, allowing all stakeholders to have access to the same information and reducing the risk of miscommunication and errors.
Emergent vendors in this domain:
ImmVRse is a blockchain-based platform that is being developed to help with the design and construction of educational facilities. The platform uses virtual reality to create 3D models of buildings, which can be used to identify potential design flaws and optimize construction plans. The platform also uses blockchain to track project progress, reduce disputes, and facilitate payments.
Solar DAO is a blockchain-based platform that is being developed to fund renewable energy projects, including solar energy systems for educational facilities. The platform allows investors to fund solar energy projects and receive dividends based on the amount of energy generated. The platform also uses blockchain to track project progress and verify energy generation.
Blockcerts is a blockchain-based platform that is being used for digital credentialing in education. The platform allows educational institutions to issue digital certificates and diplomas that are verified through the blockchain, making them more secure and tamper-proof.
Widespread adoption of these technologies will require collaboration and standardization within the industry.
How Blockchain Will Change Construction
Don Tapscott – Ricardo Viana Vargas
Blockchain technology is among the most disruptive forces of the past decade. Its power to record, enable, and secure huge numbers and varieties of transactions raises an intriguing question: Can the same distributed ledger technology that powers bitcoin also enable better execution of strategic projects in a conservative sector like construction, involving large teams of contractors and subcontractors and an abundance of building codes, safety regulations, and standards?
“Increasingly, we are thinking more carefully about when and where we need to compete and what can we share and collaborate on,” said David Bowcott, global director of growth, innovation, and insight in Aon’s global construction and infrastructure group. Using blockchain to automate the contractual processes and paperwork underpinning these complex projects could save money, free up valuable resources, and speed up project delivery. (Unless otherwise noted, quotes are from interviews we conducted as part of our research.)
Harvard University
Bibliography
On-Site Construction Quality Inspection Using Blockchain and Smart Contracts
Physics Classrooms and Laboratories
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Softball Playfield
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Subversion®
“Mapping the Apache Software Foundation” / An Antic Disposition
Many units on the business side of the education industry directly employ a larger software staff than all the electricians, HVAC mechanics and plumbers combined. Software staff must continually “maintain” enterprise software to keep information flow steady, secure and interoperable with other platforms.
Software upgrade versioning is an essential part of producing that result. At a fine-grained level, revision control is used for keeping track of incrementally different versions of information, whether or not this information is computer software. Software action is tracked using two different software versioning schemes—internal version number that may be incremented many times in a single day, such as a revision control number, and a release version that typically changes far less often, such as semantic versioning or a project code name.
Because the Apache catalog is open source, stakeholders can enter and leave the community at any time. We encourage software experts with sensitivity to cost constraints to become involved in the Apache consensus product development process. We always encourage direct communication:
Getting Involved with Apache Subversion and the Community
We keep all software consensus products on the standing agenda of our Information & Communications (ICT) technology teleconferences. See our CALENDAR for the next online meeting; open to everyone.
Apache Software Foundation 2007
Eine kleine Nachtmusik
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Lady Tasting Tea
Bibliography:
ASTM International Manual 26, Third Edition (2020): Sensory Testing Methods
Statistics: A Full University Course on Data Science Basics
Models and Statistical Inference: The Controversy between Fisher and Neyman–Pearson
Emily Dickinson: pic.twitter.com/yXxEWct3Da
— Dr. Maya C. Popa (@MayaCPopa) May 20, 2023
Flynn Effect
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New update alert! The 2022 update to the Trademark Assignment Dataset is now available online. Find 1.29 million trademark assignments, involving 2.28 million unique trademark properties issued by the USPTO between March 1952 and January 2023: https://t.co/njrDAbSpwB pic.twitter.com/GkAXrHoQ9T
— USPTO (@uspto) July 13, 2023
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