Switcheo Exchange to Launch NEO V3 Trading Smart Contract

The Switcheo team has announced the launch of NEO V3, their latest trading smart contract.

Before the announcement, the company had been developing new features for the NEO V2 trading contract. The upgrade is scheduled to take place on March 25, 2019.

The Upgrade Process

During the update, all trading activities running on the NEO V2 trading contract will be ‘frozen.’ This means that all transactions will be disabled. Also, incomplete orders will be canceled and refunds made to involved users’ wallets. Orders placed on the Ethereum network will continue normally.

Once the NEO V3 contract is up and running, users will have re-deposit their tokens into the new platform. The upgrade is expected to provide a better experience to Switcheo users and improve the efficiency of transactions.

It is worth noting that the automatic withdrawal process uses a queue-based system. This means that it can be time-consuming. To make the process faster, users can initiate it manually on legacy.switcheo.exchange. This also moves them up the aforementioned queue.

Also, there is provision for withdrawing the tokens before the update. Details for this procedure are outlined on the Switcheo website.

Features of the NEO V3 Trading Contract

As expected, NEO V3 will introduce several new features to the Switcheo Network. They include;

Atomic Swap and Token Burn

The new contract will support atomic swaps and cross-chain burning of tokens in line with principles of the current contract.

1-to-N Trades

NEO V3 will introduce 1-to-N Trades, allowing users to swap their old tokens for the newer SWTH tokens.

Support for Non-standard NEP-5 Tokens

The new contract will make the Switcheo exchange compatible with NEP-5 tokens. This increases trading options for users on the trading platform.

GAS Claims

Users will be able to claim GAS for NEO tokens held within the new contract. The procedure for this transaction will be publicized soon after the update.

Faster Withdrawals

The new platform will support the parallel withdrawal of the same token. During network congestions, users will be able to charge higher fees for withdrawal transactions. These’ two are expected to significantly improve the turnaround times for withdrawals.

Extensible Contract

This feature will eliminate the need for withdrawing and re-depositing funds during future upgrades on the Switcheo Network.

Fractional NEO on V2 Contract

After the processing of automatic withdrawals and cancellations, trading of GAS against NEO will resume on the NEO V2 contract. This allows users to extract fractional NEO values from the contract. Liquidity will be maintained by the supply of extra GAS at a rate lower than the standard market rate.

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Poland’s BitBay Exchange Introduces Crypto to Fiat OTC Trading Desk Service

Poland-based cryptocurrency trading platform, BitBay, has announced the introduction of an OTC trading desk for its clients. The exchange, which happens to be the biggest of its kind in Central and Eastern Europe, has also confirmed the support cryptocurrency/fiat trading pairs.

The BitBay OTC desk will allow clients to transact large amounts of digital currencies at a fixed price. It will enable high net-worth individuals as well as institutional investors to conveniently trade digital assets against popular fiat currencies such as the Euro, the Sterling Pound, the US Dollar and so forth.

Furthermore, the new OTC desk uses a unique technology that combines multiple liquidity pools under a single platform. Traders will also have access to the real-time value of various virtual currencies. This information is vital in choosing what asset to buy or sell as well as the timing of the transaction.

Lastly, the BitBay exchange provides access to a reputable clearing service that exclusively deals with digital currencies. This enables users to enjoy enterprise-grade access to crypto markets around the world free of charge.

In summary, the following are the key features of the BitBay OTC desk.

  • Allows users to conveniently trade in large amounts of cryptocurrencies at a fixed price.
  • Allows users to trade cryptos against fiat currencies.
  • Enables traders to access the real-time value of digital assets and make an informed decision before transacting.
  • The funds generated from a sale are transferred immediately after the completion of a transaction. If the user wishes, they can withdraw them instantly.

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Japan’s Crypto Exchange Taotao To Open Doors in May 2019

Japan’s Yahoo-Backed Crypto Exchange Taotao To Be Launched In May

Taotao, a Japanese crypto exchange backed by Yahoo! is set to be launched in May. The announcement was made today by the company, which will start trading with a limited number of cryptos.

The company is 40% owned by Yahoo! Japan and it will start its business in May by trading Bitcoin (BTC) and Ethereum (ETH) primarily. However, the company is also ready to offer margin positions in three other altcoins: Ripple’s XRP, Bitcoin Cash (BCH) and Litecoin (LTC). At the time of this report, the users could already sign up to be ready for the launch.

Clients are already being accepted today and they will continue to be until April 17. The people who join the company now will be able to participate in a promotional campaign which will see 500 random users getting $1,000 JPY if they trade over $250,000 JPY when the company starts its work.

Yahoo! Japan And The Crypto World

Yahoo!’s plans were first announced when the company used its subsidiary YJFX to buy a major stake in Taotao and be acquire 40% of the company by paying the total of $19 million USD (the numbers are unconfirmed, though, as they were revealed by sources at the time of the acquisition but Yahoo! Japan has neither confirmed nor denied them).

This was the first time that Yahoo! moved into the crypto world, which is an important move, as the company is very large and influential. The acquisition caused somewhat of a stir in the local market at the time, as many investors started speculating about the future then.

Taotao already has the regulatory approval for its business, which is notoriously hard to get. In case you do not remember, Japan saw several hacking cases last year and this has prompted the local government and regulators to upgrade their regulatory needs.

The licensing scheme was started originally in April 2017, but after the hacks, which happened in the following year, the regulators decided that they needed to have more control over the few companies who were able to launch their products in the country as a way to protect the local investors.

Japan is currently one of the biggest markets for cryptocurrencies in the whole world. Despite the setbacks last year with the hack of exchanges like Coincheck, Japan is still one of the most desired places to open up a crypto business (together with the United States and some countries in Europe).

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Multi-Currency Storage Protocol Infinito Wallet Adds EOS Crypto Token Dapps Support

Eos (EOS) blockchain is one of the largest blockchains in the world, second to Ethereum in providing a dApp creation platform.

The blockchain however has faced a number of criticisms given the technical nature of its build and being less user friendly. These issues have crept into the adoption process of EOScausing most of the novices to ignore the blockchain and the decentralized applications(dApps) built on it.

This however is set to be solved by the recent addition of EOS dApps on the newest update of the Infinito Wallet, a multi-currency wallet protocol.

EOS decentralized applications added on App Square

App Square is a store that allows Infinito wallet users to download, use and upload decentralized apps created on the blockchain. The announcement released on Infinito’s official press release on the new update confirmed that three dApps built on EOS blockchain will be added to its App Square namely; DEXEOS, EOS Account creator and PRA Candybox.

Finally, the EOS Account Creator was built to ease the difficulties associated with joining the EOS development community. The dApp has created an interaction interface on the EOS blockchain to allow users a more efficient, effective and user-friendly way to use the EOS blockchain.

Users can simply launch the app, set up their EOS Account name and receive their private keys and further can connect their cryptocurrency credit and debit cards to make payments on the platform.

Infinito Wallet newest update offers a new world to EOS newcomers who will now be able to navigate the blockchain easily. The press release on the launch of EOS dApps on Infinito wallet further added the importance of the launch of EOS dApps saying,

“Infinito team has added this service for users to be able to easily join the EOS ecosystem and benefit from all features of the EOS blockchain right inside the Universal Wallet.”

Infinito wallet users will also be able to create their EOS account on the App Square which protects their identities and prevent them from fraudulent services online. More developments are set to be added on Infinito wallet in time including EOS voting and seamless management of portfolios across platforms.

Infinito wallet offers three major categories in its App Square namely apps for users, apps for developer community and apps for business.

EOS token is currently placed fifth on the Coinmarketcap listings with a total market capitalization of $3,399,986,104 USD. It currently trades at $3.75 USD representing a slight 1.08% decrease in the past 24 hours.

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Tron Bankroll Dapp Launches as TRX’s Daily ROI and Universal Basic Income App

What Is Bankroll?

Bankroll is a decentralized social trust platform built on the TRON blockchain with the aim of implementing a sustainable, voluntary, and permissionless universal basic income for its community through its investment contract.

How Bankroll Dapp Works

Before using the Bankroll contract, users are required to have installed a Tron walletbrowser extension on their mobile or desktop devices. On the Bankroll website, there are four blocks, which are the main areas of interaction with Bankroll smart contract. The blocks include the Fund Box, the TX Burn Protection, the Claim Box, and the Sponsor Box.

When a user is in a contract, the Fundbox displays the amount of credits they own. It also displays the amount of referral and sponsorship credits available to the user. The whale status displays the amount of TRX required in order to be a whale. This status ensures that sustainability of the contracts by preventing the user from receiving the full 3.33% daily return until Total Credits is lower than the Whale Status value.

The TX burn Protection acts as an alert system that notifies users when they have less than 10 TRX in their Tron wallet. Since the Bankroll is a smart contract whereby a small amount of Tron fee fuels the transaction, it requires users to have more than 10 TRX in their wallets for transactions to be processed.

All the earnings made by the contract, the deposits and the reinvested funds as well as the withdrawal history of the user can be viewed in the Claim Box. Users should note that after they have entered into the Bankroll contract, they cannot withdraw the investment unless it the 3.33% generated daily from the investment.

With the Sponsor Box, users sponsor others by sending them Tron, which will turn into credits that will earn them more Tron. Bankroll also features a Treasury Box where users can donate Tron to sustain Bankroll.

Why Invest On Bankroll?

Balance Protection Mechanisms

Bankroll is integrated with an advanced mechanism that automatically sets a limit on the daily withdrawal at 0.05% to 0.025% of the available balance in the contract. This will ensure that the contract has the ability to grow in a decentralized and distributed mannerwhile preventing the user from being affected by the debt ceiling.

Lifetime Dividends

Players on Bankroll will have the opportunity to enjoy all the deposits in the dividend pool, which are paid out at 3.33% daily based on the user’s deposit. Additionally, all the commission fees accumulated on the platform are paid out to the account holders for the entire period of the contract. There are no wait times when users want to withdraw their funds, as withdrawal requests are processed on a per minute basis.

Longevity And Sustainability Of The Contract

The contracts on Bankroll are designed to be compatible with other contracts and provide them with a solution for profit sharing. This results in funds flowing into Bankroll from the Tron ecosystem. Furthermore, Bankroll will provide developers with a means to incentive their users and encourage participation on their apps.

Compatibility With Devices

Bankroll is compatible with both desktop and mobile devices thus ensuring users can conveniently access the platform.

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Dash Text Wallet Service Rolls Out World’s First Distributed Charity Program

Dash Text has launched what it touts to be the “world’s first distributed charity model,” just recently. This SMS-based Dash wallet service has made its debut this week that is offering a distributed and automated form of providing charitable donations.

Through this service, a doner can send Dash to a specified donation address that is evenly and instantly distributed among the end recipients. These recipients have these Dash text wallets that allows them to send and receive just through SMS message without the need for an internet connection. It further means donations can be received quickly and directly.

“Whenever someone makes a donation through our system, the money gets immediately and equally distributed amongst the people you’re donating to, this is completely transparent and traceable on the blockchain, the money is never touched by a human third party inside our system, it is all automated and happens in just a few seconds,” said Dash Text co-founder and CTO Lorenzo Rey.

Rey further shared that this is one of its kind systems as,

“There is no system like this in the world today, all charity donations, including crypto charities, right now require some sort of human intermediation.”

The program is, however, currently in its pilot phase covering 50 students who bought school lunches through the donations. While, before this program, these students at the San Antonio school in Caracas have been going without meals repeatedly, with the help of this program, they have reportedly used donations to buy more than 1,000 lunches and 900 beverages.

Dash’s Unique Approach To Venezuelans

Earlier this week only, Dash Text had launched a donation campaign in partnership with Bitrefill, a mobile top-up and gift card service in Venezuela. During the recent blackouts in the country, they allow people to buy phone credit to reach out to their loved ones. Now, the charity program is the latest step to provide Venezuelan people relief from poor economic conditions.

While several other crypto projects are operating in Venezuela, Rey believes Dash is unique in its approach as he shares,

“Yes, many crypto projects have been making charitable donations for Venezuela, and we applaud those efforts, but most of them are giving people food, not crypto. I’m a big believer in giving people the fishing rod, not the fish, and for the first time, we can give cryptocurrency directly and automatically to those people so they can use it by themselves. They are buying food, but they’re also learning and using crypto in their daily lives, how amazing is that Dash is helping people out while at the same time getting new users, more transactions and more adoption!”

Dash is making a lot of efforts in Venezuela as already there are 2,500 merchants that are accepting Dash payments. Now, by streamlining the donation and remittance process, Dash is providing assistance directly to the needy ones while providing the much-needed liquidity and access to the currency.

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India’s Largest Software Company, Tata (TCS), Works on New Blockchain Development Platforms

The largest Indian IT company, Tata Consultancy Services Limited (TCS), is currently working on a wide range of blockchain projects. In order to do so, the company is leveraging the services provided by R3’s blockchain platform. They are also working with Microsoft Azure Blockchain. The main intention behind it is to implement distributed ledger technology (DLT) in different sectors of the business.

TCS Leverages Blockchain Technology

According to a recent report released by ANI, TCS is working on five different blockchain architectures that offer different solutions. They want to offer different blockchain-related solutions such as digital identity or tokenization of assets. Moreover, they can also be trying to develop a tracking system.

In order to do so, TCS will be using R3’s blockchain solution, Corda Corda Enterprise, and it will be hosted on Microsoft Azure cloud. In terms of market capitalization, TCS is the ninth-largest IT company. The firm focuses on developing cross-industry blockchain platforms that will be able to scale in the future.

Lakshminarasimhan Srinivasan, the Global Head of Blockchain Services at TCS, said:

“Some of the anchor solutions that we are building on these platforms include skills marketplace, anti-counterfeiting of luxury goods, affordable mobility, shared telecom infrastructure for 5G and loyalty and rewards programmes.”

Until now, there is still no timeline for these solutions to be launched. Nonetheless, the company expects the cross-industry blockchain platforms to increase adoption of the technology in the near future.

In addition to it, TCS is also working on a market position in the blockchain space. The software powerhouse TCS has been offering its blockchain solution called Quartz, it allows companies to use DLT in the financial ecosystem and reduce the costs of transacting money.

According to Srinivasan, DLT and Internet of Things (IoT) will lead to new opportunities to increase income in the future. Moreover, he mentioned that these technologies will be driving hyper-productivity and business transformation.

Tech Mahindra, another IT company, has also been very bullish on the application of blockchain technology in different industries. The firm has signed a Memorandum of Understanding (MoU) with the state government of Telangana with the intention to build a blockchain district. Mahindra has also been working with Microsoft so as to create a blockchain-related platform and regulate unsolicited telecom communications.

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BuySellHodl Launches First of Its Kind Live Crypto Price Predictions and Ratings

Bitcoin [BTC], Ethereum [ETH], & and Litecoin [LTC] earn initial top ‘Buy’ ratings; Bitcoin SV [BSV] assigned the lowest ‘Sell’ ratings.

Newly launched crypto app BuySellHodl continues to provide industry-leading innovations by launching its live 2020 price predictions and rating feature for 15 new cryptocurrencies. The first of its kind feature gives crypto enthusiasts real-time ratings, rankings and price prediction data that is entirely quantitative, creating an invaluable analysis tool for beginners and experts alike.

The live crypto ratings and price predictions are available on the BuySellHodl website, as well as the Ratings tab on our iPhone and Android cryptocurrency app.

Ethereum, Bitcoin, and Litecoin Earn Initial Top Price Predictions and ‘Buy’ Rating

The early crypto ratings and price predictions data show that users remain quite bullish on the cryptocurrency market with 60% of them assigning the cryptocurrencies a ‘Buy’ rating, which is more than quadruple the amount of ‘Sell’ ratings [15%].

This week, the top-rated coin is Bitcoin [BTC] with 73% of users saying to ‘Buy’ Bitcoin, compared to only 10% saying to ‘Sell’ Bitcoin. Ethereum [ETH] is a close second with 71% saying to ‘Buy’ Ethereum, and Litecoin [LTC] is next with 70% of users giving it a ‘Buy rating’. Users are most pessimistic about Bitcoin SV [BSV] with only 29% of them saying to ‘Buy’ the coin, generating an overall ‘Sell’ rating.

2020 Price Predictions and Ratings for the Top 3 Ranked Cryptocurrencies

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Digital Banking Paytm Launches New Mobile Banking

Paytm Launches New Mobile Banking App

Paytm, the India-based eCommerce and digital wallet company, has announced a new mobile banking app called Payments Bank, according to reports.

The app, available for download in the Google Play store and coming soon to iOS, will allow customers to check balances, request debit cards, pay with their phones and more. The company also said users can get customer support all day, seven days a week, via the app.

Paytm said that by launching the app, it wants to help millions of underbanked Indians come into what it calls the “economic mainstream.”

“The new app has been introduced exclusively for its bank’s customers to provide (a) wide range of banking services in a phased manner,” said Satish Kumar Gupta, MD, who is CEO of Paytm Payments Bank. “The purpose of (the) new app is to segregate its operations from the existing app, which caters to customers of several group entities. However, PPB customers will continue to serve its customers on its older app should its customers desire so. Both apps will co-exist.”

Paytm Payments Bank was launched in India in May of 2017. The company said all of its 43 million bank customers have been issued virtual debit cards, and that it has issued two million physical debit cards as well.

Paytm also recently announced that it could be expanding into one or two more developed markets this year.

According to a report in Deal Street Asia, during a presentation at the World Economic Forum in Davos, Paytm Chief Financial Officer Madhur Deora said the company has found that developed markets present an opportunity, pointing to its expansion in Canada and Japan. He said several verticals for the company had begun to earn revenue and profits. “We have found the developed markets to be very interesting,” Deora said. The CFO didn’t provide a timeline for when Paytm would enter new markets or commit definitively to the idea, noting the company is also in the process of building a scalable business.

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First Data to acquire Brazilian paytech Software Express

First Data to acquire Brazilian paytech Software Express

First Data will acquire Brazilian EFT solution provider Software Express for some massive transaction action.

Financial details were not disclosed. Founded in 1986, Software Express provides technology solutions to merchants of different sizes, including multi-acquirer EFT (electronic funds transfer), multi-acquirer EFT POS, reconciliation, a payments gateway, and automated recurring payments.

Henrique Ribeiro Filho, Software Express CEO, says his firm is accredited by “all acquirers and has a broad portfolio offering including EFT, recharge servers for prepaid phones, front-end processor software, and correspondent banking software, among other services”.

Gustavo Marin, executive vice-president of First Data Latin America, adds: “We will be able to expand the current Software Express portfolio within First Data’s global platforms, and in 2019, the two companies expect to process more than 15 billion transactions in Brazil.”

Software Express provides its solutions to more than 100,000 merchants. It will continue to independently support its clients under its brand. Last year, it processed over 11 billion transactions.

Back in January, First Data teamed up with AIB in its bid for Dublin-based Payzone, which is valued at more than €100 million.

While First Data likes to buy stuff, Fiserv will acquire it in an all-stock transaction of $22 billion.

With the combined power, Fiserv will be able to offer a range of payments and financial services, including account processing and digital banking solutions; card issuer processing and network services; e-commerce; integrated payments; and the Clover cloud-based point-of-sale solution.

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Allied Wallet Enables New Payment Options in Growing Austrian E-Commerce Environment

Allied Wallet Enables New Payment Options in Growing Austrian E-Commerce Environment

Allied Wallet, a globally leading provider of mainstream online payment processing, is now compatible with several new payment options in Austria to connect more online businesses and shoppers.

Allied Wallet is now compatible with Entercash, EPS, SOFORT, and Trustly in Austria. (Photo: Business Wire)

E-commerce is quickly growing in Austria with 4.9 of its population of 9.7 million already shopping online. Because Austria ranks 7 th in logistics globally, its population is one of the easiest to deliver to in the world in its highly populated urban areas and even in its rural areas.

Austrian e-commerce favors cross-border sales with a rate of 83%, and many of their purchases are with German, Italian, Chinese, Swiss, and Czech businesses. However, the difficulty in Austrian e-commerce is that only 40% use credit cards and the population is trending away from them due to high fees and charges.

Austria has a well-developed banking infrastructure with the largest number of banks. The region needs payment methods that are able to service their banked population and their payment methods of choice.

“There are about 749 banking institutions in Austria, and it’s important that merchants can process transactions with their banks and protect the transactions efficiently as e-commerce grows. This is why Allied Wallet has become an increasingly popular choice,” says CEO Andy Khawaja.

Allied Wallet is now compatible with Entercash, EPS, SOFORT, and Trustly. These bank transfer payment methods enable users to select their bank upon checkout and pay instantly and safely for their goods or services.

SOFORT alone processes more than 4 million monthly transactions, and EPS is already the payment method of choice by 15-18% in Austria.

“The average Austrian online shopper spends about €787 annually online and this is projected to grow to over €1000 by 2021,” says Dr. Andy Khawaja.

By 2021, it is projected that an additional 490,000 will be shopping online in Austria as universal high speed internet is achieved in the country.

Allied Wallet plans to continue its expansion in this area to give users the most connected, secure platform for e-commerce and provide online business owners and shoppers with what they believe to be the best payment solution globally.

About Allied Wallet:

Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive global payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions. Please visit www.alliedwallet.com/.

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Young Saudi Sells Solar Products Via E-Commerce Platform

Young Saudi Sells Solar Products Via E-Commerce Platform

From solar energy to helping Saudi farmers improve their livestock, the Kingdom’s young entrepreneurs are contributing in their own way toward the country’s Vision 2030 reform plan with sustainable solutions.

One of them, 25-year-old Muhannad Al-Hamed from Riyadh, aims to bring solar products to Saudi households by cheaper and more convenient means.

His e-commerce platform Dhwa sells solar products to homes across the Kingdom, to ease the process until installing rooftop solar systems becomes more feasible.

His software also helps homeowners determine the feasibility of installing rooftop solar photo-voltaic (PV) systems by sharing their home’s location then linking them with certified PV installers.

“I work in the renewable energy industry, and I get a lot of emails and calls from people asking me how to install solar PVs, and how to know if it’s feasible,” Al-Hamed said. “I did some research and found that there isn’t one solution in Saudi Arabia that’s free. You have to hire someone to come to your house to see if it’s feasible, unlike the US, where they have a lot of software solutions, such as Google’s Project Sunroof, and you can determine the feasibility while sitting at home for free.”

His research revealed that solar energy had become a lot cheaper in recent years thanks to its simple design, installation and maintenance. Yet determining its feasibility in Saudi households had not.

“So I thought I needed to complete that circle by coming up with a solution where users can determine the feasibility with a high accuracy rate and without having to waste a lot of money,” Al-Hamed said. “I developed software that uses Google Maps to select the location and scan the area. From there, it says how many panels you can install, the capacity, the cost to maintain it, and monthly savings.”

Once residents are satisfied with the results, the software connects them to top solar PV installers in the Kingdom. “We connect them with the right people,” he said. “Because not everyone is qualified to do this job, we direct them to the right companies.”

Al-Hamed spoke of much uncertainty in the market. A policy called net-metering governs how users can benefit from installing solar panels, but requires approval from the grid owner.

“So it’s a process, and there are many companies that work in solar panels,” he said. “So the next step that we’re working on developing is a database of major companies that are certified to do the job and will be added to our software.”

Users will receive an answer within seconds thanks to the fully automated system, providing them with the approximate number of solar panels they can install and the energy yield.

A feasibility report is immediately sent over, and a professional reaches out to them within a few hours or days at most.

Widespread interest in the start-up led Al-Hamed to take part in Abu Dhabi’s Climate Innovation Exchange (CLIX) event in January to showcase his company, which he started with two colleagues less than a year ago. CLIX, the region’s first sustainability-focused start-up accelerator, gives emerging entrepreneurs and innovators the chance to forge partnerships with leading global investors at Abu Dhabi Sustainability Week in January.

“It was a great opportunity, and we met a lot of people interested in investing or being a customer,” Al-Hamed said.

“A country such as Saudi Arabia, which depends heavily on fossil fuel to power its grid, needs to move away from these resources to something more sustainable, economical and environmentally friendly, like solar,” he added.

“It also enables us to spare oil and gas, and helps the Kingdom make money. This is the case for many oil-exporting countries, such as the UAE too.”

Suhaib Amer, a 24-year-old from Jeddah, is another entrepreneur coming up with innovative solutions for his country.

Along with two other Saudis from Madinah and Riyadh, they created Al Maha Systems, a tech start-up focusing on the Internet of Things (IoT) and animal health care.

“We provide services that monitor and analyze vital data for livestock in order to increase production and efficiency on the farm,” Amer said. “We utilize the latest technologies in the fields of sensing and communication in order to guarantee continuous and effective monitoring of the herd.”

The team members started their journey as master’s students at the King Abdullah University of Science and Technology (KAUST), where they took part in an entrepreneurship class that led them to the idea.

Further market research and communication with potential customers unveiled massive potential.

“The market is ready for such an idea,” Amer said. “We came up with the prototype, showed it to our potential customers, and we’re currently testing some of the technology we have on our farms.”

Sensors, which are placed all over the farm, monitor the vitals of livestock and other relevant information. The data collected is used to generate insights for farmers and owners, to help increase their production, growth and efficiency.

“We tackle multiple elements. We start with health issues, where we detect illnesses earlier than conventional ways, and we detect optimal breeding and fertilizing time for cows,” Amer said.

“We also get other insights by collecting and analyzing data in ways that aren’t currently available, which means cows can produce more milk, with more time to produce, and they can breed faster and more efficiently.”

The group started developing the system two years ago, with a first system currently installed for testing. It should be complete this year.

Amer was the second Saudi to showcase his work at CLIX this year. “We believe it will shape the future of the food and agricultural industries,” he said.

“At CLIX, we listened to other entrepreneurs who came from around the world, and we learnt from them,” he added.

“We also had the chance to learn about the start-up scene and opportunities in the UAE, and the connections and experiences we made were invaluable.”

From the technology to the market research, Amer and his co-founders discovered a huge industry that needs to be served.

“There’s a lot of potential for our idea, and at the same time we didn’t want to be working from the outside,” he said. “So we involved people in the industry such as veterinarians, farm owners and people from the dairy industry, such as Almarai, Al Safi Danone and Nada Dairy, because we didn’t want to work in a vacuum.”

He spoke of the significance of Al Maha Systems for the Kingdom due to a somewhat “unsuitable” climate for many agricultural industries.

“So you want it to be as efficient as possible,” he said. “Because the agricultural industry is very industrial in Saudi Arabia, it gave us the opportunity to implement our system on a large scale, which we can’t do in other countries where there are smaller farms. We have to be efficient (and) innovative; this is what we’re trying to get to.”

This article has been adapted from its original source.

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The importance of mobile apps for e-commerce businesses

The importance of mobile apps for e-commerce businesses

E-commerce or electronic commerce is the advanced business model that is supported via the internet through a website or mobile application.

In simple words, e-commerce business is the online presence of a store that runs business transactions over the internet. With an extending internet audience, the development of e-commerce business has shaped the online shopping behaviors of both customers and retailers. It has opened new possibilities for business expansion and growth with smooth customer experience.

Originally, online trade was initiated in the late 1960s, tendering business products/services advertisement functionalities. With the advent of secure shopping channels, online business development has greatly progressed since 1994. Today, customers have widely accepted the e-commerce business market and their trust have fueled the growth of online shopping.

Today, enterprises are actively investing in technology to integrate more digital features into their online store. Also, to engage today’s smartphone-clutching users, mobile application development is burgeoning. Mobile apps have made enterprises digitally capable of meeting customer demands in the smartphone-driven market.

The evolution of mobile apps has not only transformed the e-commerce ecosystem it has also provided a customer-friendly shopping experience to users. As a result, the mobile app is a significant solution to capture customers.

Mobile apps and e-commerce businesses

Mobile apps have helped enterprises reach in the e-commerce market, more than mobile/desktop websites. According to a report published by Statista, “shopping” tops the list of the fastest growing mobile app categories based on consumer time spent in 2017. The highest profits were earned by shopping apps with a 54 percent rise in the usage sessions over the year.

In the race to meet customer-satisfaction and deliver a shopping-centric experience, mobile applications for e-commerce hold an important role. Today, they are one of the best ways to interact and engage with online shoppers. The special unified features in mobile apps help to provide multi-device and multi-channel experience for your e-commerce business.

Benefits mobile apps bring to your e-commerce business

Deeper analytics

A mobile application helps you to have a better view of your customers’ preferences and activities. It provides you with deep analytical reports that elaborate on user information as well as their shopping decisions. This helps in refining your marketing strategies and improving business tactics.

Amazing features

Apps for e-commerce are specifically equipped with customized features that engage users. Easy-to-search products and filters that can limit results, for instance, to a specific price range provide high user-accessibility, which in turn, aids in growing customer interest and accelerates business revenue.

Multi-layer security plan

Security of user’s personal data, as well as online payment information via credit/debit card, PayPal, Google Pay etc., is a major concern. Mobile applications must be highly secure and minimize the risk of cyber attacks. They help build customer trust with multi-layer security features.

Reduced complexity

Mobile apps are provide a user-friendly experience with rich-features such as easily locatable search bar, smooth navigation, accessible shopping products, and multiple payment methods.

More interactive

An advanced interface of your business mobile application allows for impressive user experience. Intuitive and beautiful UX/UI design make your mobile apps more interactive. This helps you with prolonged usage for prospective shoppers that increases their chance to shop more.

Extremely convenient

Users can easily download applications from the App store (iOS users) or Play Store (Android users). An e-commerce app conveniently allows shoppers to shop anywhere and anytime, so having one will boost your business revenue.

Lowers down the cart abandonment rate

Mobile apps help lower down the cart abandonment rates. According to reports published by Baymard, the cart abandonment rate on a website is around 68 percent while it is merely 28 percent for mobile apps.

Loyalty integration

Integrated coupons/rewards in apps increase the loyalty of your customers. Transactional Tiered Rewards, Scratch and Win, Referral Rewards, Coupons, Spin to Win, VIP Rewards, Action Points, Digital Stamp Card are some of the loyalty features used by e-commerce businesses to attract customers.

Retain customers

You can easily send push notifications to your app users to inform them about the latest offers, sale, discounts etc. It has been found that notifications, when addressed with user name, can attract a high number of customers. This enhances the conversion rate and customer retention. In the most recent statistics, 38 percent of users returned to an application more than 10 times thanks to notifications.

High revenue

According to Statista, in 2020, mobile apps are projected to generate $188.9 billion in revenues.

These are just some of the benefits that mobile application brings to your e-commerce business. According to stats published by Statista, smartphone users often prefer to use mobile applications over websites. In fact, they spent 90 percent of their mobile time on apps. This is because applications:

  • provide more convenience for customers to shop online
  • are a complete expansion of the brand
  • offer personalization that delivers a customer-friendly experience
  • can utilize native mobile features to add user experience
  • are browser-independent and can be designed freely unlike websites that depend on the browser features
  • have easy and more secure payment methods utilizing mobile biometrics
  • focus on experience-centric sales to make shopping fun
  • are more responsive and interactive than websites

The emergence of e-commerce has made business more convenient while allowing for new market opportunities with significant growth potential in revenues. With the evolution of mobile applications, an e-commerce ecosystem has wildly accelerated sales through an exceptional user-friendly approach. Users now love to shop from mobile apps as they are easily available, highly accessible, simple to use and time-saving. For business owners, this is a good time to invest in mobile app development to meet the technology demands of the market, have an impressive brand exposure and stand out from your competitors.

(Featured image by David MG via Shutterstock)

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Harrods and the China syndrome sell luxury retail e-commerce credentials for Farfetch

Harrods and the China syndrome sell luxury retail e-commerce credentials for Farfetch

The rise of e-commerce at the high end of the luxury goods sector is a theme we’ve returned to on a number of occasions, noting that while there is still resistance to using a commodityroute to market in some quarters, theres also a growing push among other retailers to bite the bullet.

One of the bigger success stories to date has been luxury marketplace Farfetch, which this month has beefed up its prospects with a couple of significant transactions. The first pertains to the all-important China market; the second is a high-profile deal with that most luxurious of luxury retail outlets, Harrods.

Of the two, the Chinese gambit possibly has the longer term importance as Farfetch ties-up with the country’s JD.com marketplace to take on rival Alibaba at the luxury end of the market. JD.com has been servicing this consumer demographic via its Toplife arm, which was set up in 2017 and will be rolled into Farfetch as a result of the new alliance. JD.com‘s 300 million customers will now use its app to access in excess of 3000 brands via Farfetch’s network.

Farfetch and JD.com were already partnering in logistics, technology and marketing, but this closer relationship will strengthen the former’s foothold in the world’s fastest-growing market for luxury goods and services. Farfetch founder and CEO José Neves says:

By combining this Level 1 Access on JD, with the capabilities of CuriosityChina, we now offer luxury brands a one stop solution for developing a digital strategy for China, creating the premier luxury gateway to China.

China represents a paradox for today’s luxury players. It is the fastest growing part of the market, but by far the hardest to crack. For any luxury brand there is one single most important strategic priority, to win the Chinese millennial consumer. And these can no longer be done by a physical store network, but rather by mastery of the Chinese digital channels.

What the JD.com alliance does, he adds, is provide luxury retail brands to open up or expand a Chinese revenue stream via the Farfetch platform and the associated infrastructure investment that has taken place:

We now have a data center in Shanghai to handle 100% of our China traffic, which enables us to provide a much faster experience while also localizing the app and size to tailor the look and feel to the preferences of the Chinese luxury consumer. This data center exists behind the China firewall, but it’s still linked via a software-defined Wide Area Network with our other data centers, which was a major technical achievement, and we have already begun to see this investment drive improved conversion.

Like most SaaS e-Commerce packages, we offer an end-to-end solution for China, including cross border logistics, localized payments and an integrated global tech architecture which we believe will continue to be a competitive advantage of our enterprise offering in an industry, where most growth is coming from the Chinese consumer.

And that target demographic is open for business, insists Neves, if you put in the spade work upfront:

What you’ve seen from the luxury industry is you’ve [got] mixed reports, with some brands delivering great growth and great traction in that market and others facing a little bit of headwinds. I think if you have a strong product proposition, in our case also with strong localization…once you have those things in place, the market is there and we’re absolutely only scratching the surface.

Farfetch has done the work, he adds:

We already have a very efficient cross border solution, which includes custom clearance and has a lead time of three to five days consistently across the China territory. We also have a domestic fulfilment solution which is fulfilment by Farfetch Shanghai that uses JD Luxury Logistics as our partner.

We have a full infrastructure localized in China from data centers, engineers, local app et cetera. And we’ve acquired CuriosityChina , which had specialists, and we’re powering mini programs for 80 luxury brands, including obviously the Farfetch Mini program.

So if you look at these, there is a complete solution and with the integration of the Farfetch button on the JD apps in the coming months, it will be completed. And from that point onwards, it’s completely unique. There’s no other Western or Chinese companies that can offer the full 360 exposure to the Chinese market by all channels.

There’s a competing proposition from Alibaba. But in our case we’re talking about the single integration both cross border and domestic, direct-to-consumer with support for white label services, especially on WeChat, and this is very, very powerful. We think it’s going to be very compelling for brands and for our consumers.

Harrods

Away from China, Harrods, the luxury department store in London’s exclusive Knightsbridge district, has selected Farfetch as its exclusive technology partner to overhaul and push its global e-commerce platform.

Harrods will continue to operate and manage trading on the site, including marketing, brand relationship and product strategy, all creative and editorial content, and customer services, but underpinning everything will be the Farfetch Black & White white-label platform with Farfetch assisting on e-commerce management, operations support, international logistics support, and technical support.

It’s a big deal for both parties. Analyst Alizah Asif Farooqi of Gartner L2 notes:

Despite being a longstanding pillar of brick-and-mortar luxury, Harrods lacks omni-channel features, including Buy Online, Pick Up in Store and inventory counts for items. As such, the department store fell from Average to Challenged year over year in Gartner L2’s rankings, seeing declining web advertising and mobile site performance relative to other brands tracked in Gartner L2’s Digital IQ Index: Department Stores. Joining forces with Farfetch could be a particularly plush digital opportunity because Harrods is pairing up with the e-tailer’s Black & White Solutions, which offers global e-commerce while still allowing the former to exercise creative control.

Harrods is a powerful reference for Farfetch to pick up, joining Chanel, LVMH Louis Vuitton, Ralph Lauren, Coach, Montclair and Hugo Boss among others. In total, Farfetch now underpins the e-commerce operations for 17 luxury brands and capacity to more. Neves says:

I think we have an extraordinary proposition for the department stores. We were a platform for the best curators and creators of luxury and department stores. Obviously [these] are great retailers and these institutions, usually very iconic, have a very strong domestic brand awareness. However, their business is usually very domestic-focused. What Farfetch does is in fact amplifying their brand and their incredible offerings to currently 1.4 million customers in all corners of the world with key geographies such as China, the Middle East, Latin America etc.

We’ve been having great conversations with the pipeline of department stores. Obviously these are million billion dollar businesses. So it’s a relatively slower sale cycle to boutiques, but we’re definitely very happy with the progress. We think the proposition is very strong. We’re having very good results with the ones already on the platform and we expect to continue to have department stores as a key area of our supply.

To strengthen that proposition, investment continues in the underlying platform. The coming months will see a move to harmonize the B2B enterprise offerings under the unified banner of Farfetch Platform Solutions (FPS). This will include Black & White, Store of the Future and CuriosityChina under one enterprise-focused label.

There remains a vast opportunity in the luxury retail market, argues Neves:

Luxury still has very low online penetration, 10% as of the end of 2018. We believe we are uniquely positioned to take the lion’s share of the online portion of an industry that we believe over the next decade will grow to be worth more than $500 billion.

Over the next 10 years, online penetration of the $500 billion industry is expected to grow from 10% to 25%. This means we have the opportunity to go after an incremental $100 billion of sales in the online luxury market. And we have the arsenal to go after this huge opportunity.

My take

Farfetch is a genuine retail success story – and these two developments, coming on top of last years successful IPO, will do nothing to dampen expectations about future prospects. The China deal is particularly interesting with the JD.com alliance enabling the firm to provide genuine competition to Alibaba in the most lucrative luxury retail market in the world. And adding Harrods to the already impressive roster of retail customers is eye-catching.

When a globally-recognized brand like that turns to a third party to deliver its e-commerce ambitions, the pressure will only continue to mount on those luxury laggards who still cling to the delusion that theirs are the products too good to be sold via a browser. Or as Gartner L2’s Farooqi puts it:

For department store brands trying to stay ahead of the crowd, pairing up with an international platform such as Farfetch could be the answer.

Image credit – Twitter

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Easyship and Pitney Bowes Partner to Provide Ecommerce Sellers with a Better Way to Ship

Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of shipping and mailing, data, ecommerce, and financing, and Easyship, a leader in global ecommerce shipping, have partnered to provide merchants with seamless access to a host of tools and technology that better enable domestic and cross-border commerce. The Pitney Bowes Carrier Connect platform (formerly shipping APIs) is available immediately for Easyship customers and no downtime is required for software updates. Merchants are able to ship worldwide in minutes by leveraging Easyship’s platform.

“For many small and medium-sized businesses, disconnected systems, manual processes, inefficient operations, and high shipping costs are among the top barriers to profitable growth. Pitney Bowes is helping Easyship help our customers overcome those challenges and ensure that smaller shippers can get the same efficiencies as big retailers and brands.”

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“Easyship has long made it the top priority to put customers first and address their biggest challenges with best-in-class technology,” said Augustin Ceyrac, Co-founder, Easyship. “For many small and medium-sized businesses, disconnected systems, manual processes, inefficient operations, and high shipping costs are among the top barriers to profitable growth. Pitney Bowes is helping Easyship help our customers overcome those challenges and ensure that smaller shippers can get the same efficiencies as big retailers and brands.”

“This is an exciting partnership for Pitney Bowes. Easyship not only shares our client-first commitment, they share our vision for moving the entire shipping and ecommerce industry forward through innovation,” said Rajeeb Mohapatra, Senior Vice President and General Manager, Shipping Solutions, Pitney Bowes. “We’re excited about helping small and medium-sized ecommerce merchants improve customer experiences, so they can grow and reach more consumers.”

Pitney Bowes launched Carrier Connect in 2016 and quickly set its solution apart by offering guaranteed delivery services and flexible financing options on a modern RESTful web services architecture that makes it easy for customers to integrate and scale. Carrier Connect provides compliance, integration and label generation for merchants looking to leverage the benefits of USPS shipping, delivery and tracking services. In addition, it can provide merchants with access to a wide array of ecommerce logistics services. With Carrier Connect, developers and merchants are able to simply do more business.

Merchants have a simplified way to ship items worldwide by using Easyship’s powerful shipping algorithm. The platform automatically chooses the best shipping solution to over 200 destinations worldwide. Users can also autofill required paperwork, schedule pickups, and track packages all in one dashboard, effectively managing their global shipping operations in just a few clicks. By using Easyship, clients have increased international sales by 55%, cut shipping costs up to 60%, and decreased issues at customs by 90%, in turn, increasing customer satisfaction and fostering growth.

About Easyship

Easyship, the #1 global cloud-based shipping software, is a technology platform that helps eCommerce merchants ship worldwide. Their platform plugin and integrations enable stores to print labels, automate international paperwork, display real-time courier rates, and offer their customers dynamic tax and duties at checkout.

Easyship makes shipping globally so simple, that anyone can get started in a couple clicks. Online sellers can leverage over 250+ shipping solutions and 50+ couriers, while saving up to 70% on shipping rates. Growing businesses can also join their network of 20+ 3PL partners worldwide, giving them the opportunity to provide faster delivery to overseas customers. In less than 3 years, Easyship’s team has grown to over 50 people, with offices in the United States, Canada, United Kingdom, Singapore, Netherlands, Hong Kong, and Australia.

About Pitney Bowes

Pitney Bowes (NYSE:PBI) is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; location data; customer information and engagement software; services; and financing. For nearly 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.

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Asure Software Workplace IoT Sensors Announced as Finalist in Prestigious 2019 Edison Awards

Asure Software Workplace IoT Sensors Announced as Finalist in Prestigious 2019 Edison Awards

Asure Software (NASDAQ:ASUR), the leading provider of workforce and workspace software solutions, today announced that its workplace IoT sensors was named a finalist in the Energy and Sustainability category for Smart Climate Control in the 2019 Edison Awards. The Edison Awards, named after Thomas Alva Edison, recognizes and honors the world’s best in innovators and innovations. The Edison Awards will announce gold, silver and bronze award winners at the Edison Awards Gala held Thursday, April 4, 2019 in New York City.

Asure’s workplace sensors provide real-time insights on levels of occupancy, utilization and the environment to help businesses optimize real estate and design smarter office spaces that reflect how their people actually work. In addition to understanding rates of utilization, these smart devices collect data on temperature, noise, light, air pressure and air quality around the office building to not only reduce energy costs, but also ensure it’s one that enables talent to do their best, most productive work. By improving the employee experience and measuring how, when and where work gets done, Asure’s workplace sensors can save companies millions of dollars in real estate costs, exponentially grow their revenue through more effective use of space, and drastically reduce their environmental footprint.

Asure’s workplace IoT sensors environmental features include:

  • Connects to Building Management (BMS) or Building Automation Systems (BAS) controlling energy allocation
  • Monitors environmental factors to meet WELL Building standards
  • Controls environment settings that improve employee health and wellbeing
  • Increases building efficiency to dramatically reduce energy costs
  • Reduces carbon footprint by allocating energy (e.g. HVAC, lighting) based on actual, real-time demand

All nominations were reviewed by the Edison Awards Steering Committee and the final ballot sent to an independent judging panel. The judging panel was comprised of more than 3,000 professionals from the fields of product development, design, engineering, science, marketing and education, including professional organizations representing a wide variety of industries and disciplines.

For more information on the 2019 Edison Awards, please visit www.edisonawards.com.

About Asure Software
Asure Software, Inc., headquartered in Austin, Texas, provides innovative and flexible SaaS-based cloud platforms that help clients worldwide elevate how, when, and where work gets done throughout the employee lifecycle. More than a Human Capital Management (HCM) software program, our Smart Office suite capitalizes on the intrinsic value between workforce and workspace so organizations of all sizes can better compete for talent, space, time, and capital assets. Asure Software’s offerings include a fully-integrated HCM platform, Time & Attendance, Talent Management, Employee Benefits, Benefits Administration, Payroll & Tax, Asset & Move Management, Full-Service Room Scheduling, Hoteling & Mobile Workforce and Workplace Occupancy Sensors. Visit us at www.asuresoftware.com.

About The Edison Awards
Established in 1987, the Edison Awards is a program conducted by Edison Universe, a non-profit 501 (c)(3) organization dedicated to fostering future innovators. For more information about the Edison Awards, please visit www.edisonawards.com.

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5 Technology for the home

Technology for the home

Smart solutions enhance UAE’s real estate value proposition

Technologies are revolutionising the real estate sector globally, and the UAE has been making strides in adopting innovations. Many developers have boasted 3D virtual property tours and blockchain deployment for property contracts. “There is a huge emphasis on going increasingly paperless, and it is evident that proptech has gone beyond the cool factor to disrupt the status quo,” says John Stevens, managing director of Asteco. “It will ultimately result in positive gains regarding time, efficiencies, environmental impact and cost savings.” There are also initiatives to transform Dubai into one of the cities with the lowest carbon footprints in line with the Dubai Clean Energy Strategy 2050, Stevens adds.

And as developers work on building smart homes that are fully automated, allowing properties to be managed remotely, Stevens says there should be more focus on the systems that operate the buildings and communities of which these properties are a part of.

Smart features

Paul Christodoulou, managing director of Gulf Sotheby’s International Realty, says many homes that use smart locks, smart doorbells, security systems and cleaning solutions have gone further with the use of such systems. He cites projects such as Al Fattan Crystal Towers in JBR, which uses optimised heating, ventilation and air conditioning (HVAC) to continuously read internal and external heat signatures while maintaining set temperatures.

“The HVAC optimisation system uses advanced software to control factors such as water flows, pump speeds and fan speeds,” says Christodoulou. “Then many of the luxury residential and commercial buildings use wireless intrusion detection systems using mobile transmitters and motion sensors making security a lot more seamless. Developers like Al Barari, Northacre and Sobha are merging sustainability and luxury when it comes to smart home systems, including lighting controls, motorised window shades, sensors, digital ballasts and LED drivers, all under a single pre-programmed software umbrella that can optimise a home’s power and heating efficiency by up to 25 per cent.”

Christodoulou believes these features used are only scratching the surface, as smart technologies can provide lower operating costs such as lower energy bills, improves health and productivity benefits for occupiers, assists with real-time surveillance and faster emergency response systems.

The technology will only help to pave more innovation opportunities with improved space design and tenant experience, Christodoulou says. This is achieved by using insights captured through smart devices and sensors on personal habits such as consumption, health stats, movement, etc.

Smart processes

Amine Housni, regional manager, Middle East, at Blueground, a hospitality-tech company, says the real estate industry has to adapt to the needs of a “new breed of consumer”.

“Not just in real estate but in other aspects of their lives, people expect products and services that are mobile-first,” says Housni. “This new breed of consumer has increased needs and interests and is highly interested in living an experience instead of only receiving a service. With this, there is a need to have the ability to come up with products and solutions that address customer pain points. [Technologies such as] a home assistant or an online handbook to always have access to more services are now key deliverables.”

Innovative features in UAE real estate

Here are three projects with key innovative features that are transforming the UAE’s real estate landscape.

Sobha Hartland

Sobha Hartland’s dense landscape design uses primarily low-water consumption planting.

Francis Alfred, managing director and CEO of Sobha Realty, says this feature enhances the microclimate of the development as it lowers the relative temperature through the shading of walkways and building a perimeter.

“All public areas in the master plan have been designed as intensely lush and verdant parkland,” explains Alfred. “The cooling of all units is achieved by using variable refrigerant flow, connected to multiple hidden fan coil units. The system increases the energy efficiency of the building and also keeps the spaces flowing without the interruption of the AC units. A fresh air unit is integrated with the system to increase efficiency and improves the fresh air quality in villas. Gases used in the AC are one of the most environmentally friendly in the market. The AC system is fitted with climate control features, which create a constant environment throughout the building.”

Aljada, Sharjah

Aljada is building on a greenfield site, infusing smart technology and components right into the design of the city. Ahmed Alkhoshaibi, CEO of Arada, says, “We are implementing next-generation and ultra-secure 5G digital infrastructure. The four key areas at Aljada are mobility, utilities, the circular economy and waste management. In each of these areas, technology will be implemented throughout the project, making life more convenient for residents, while saving time and supporting the environment.”

Under the mobility segment, Aljada’s smart traffic management system will ease the flow of vehicles throughout the city. Alkhoshaibi says it will employ centrally controlled signals and sensors to make residents’ journeys easier. The other feature includes sustainability lanes for electric vehicles, a free environmentally friendly internal bus network, and a smart parking system, which will allow residents to book spaces in advance, cutting down travel time and improving convenience. Arada Smart Home technology is implemented free of charge in Misk Apartments to allow residents to remotely perform many functions within their home. There is also free Wi-Fi in certain public spaces such as cafes, shared workspaces within buildings and other social areas.

Meydan One

Meydan One is a next-generation lifestyle destination with bespoke entertainment, leisure and retail attractions. Unique features include an imposing retractable skylight spanning over 100m, offering a vibrant approach to al fresco dining. “The concept of malls as places for retailers to push out product offerings is outmoded,” says Fahad Kazim, vice-president of Meydan Malls, Meydan Group. “The need of the hour is for projects that integrate modern design and cutting-edge technological features with a diverse lifestyle as well as new-age retail offerings.”

The mall’s omnichannel smart app will provide virtual access to the destination, enabling visitors to start their Meydan One experience at home or the airport. The project has an incubation district — a fully equipped plug-and-play facility for up-and-coming entrepreneurs in fashion, beauty, food and beverage and other sectors. The dedicated start-up space offers leasing incentives, mentorship and support to help emerging brands.

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Why Enterprise Mobility is Essential in the Organization

Why Enterprise Mobility is Essential in the Organization

The digital era has promoted growth in techniques for businesses. Many companies have accepted new technologies for empowering approach toward productivity and improved workforce management. Many organizations are following and up to the mark of accepting mobility solutions. Enterprise Mobility is a gateway to increase productivity along with a source of revenue while reducing costs.

What is Enterprise Mobility?

As the name suggests – it is flexibility towards work system in an organization. It is a popular trend of companies offering remote work option to their employees. It gives access to adjustable work with personal laptops and other mobile devices with robust cloud technology for accessing data. In simple terms, it is a way of working with different devices from anywhere.

With technology, the process of business is reinvented and the information is accessible from other devices. There are numerous firms that have to subsidize in mobility projects for embracing growth, productivity, and efficiency. The global market has been increasing rapidly with this technology. This fast-growing trend has included usage of personal devices including smartphone, laptop or tablet into the working environment. These open various opportunities for development and other challenges.

The companies have opened possibilities in offering services to end consumers. As per the latest statics there are more than 40% of businesses implemented the technology of mobile strategy has gained in productivity, team bonding along with better customer engagement. While 71% of companies step ahead toward business mobility for developing and deploying apps focuses on better customer experience. The figures are staggering and the benefits are endless to expand the sphere of business and consumers.

Overall, Enterprise Mobility solutions can benefit a consumer as well as a company in an effective manner and increasing the opportunities for expanding the business.

Some Reasons to consider implementing Enterprise Mobility for Business

If you are still working on the traditional model for your business, then its time upgrade with technology. No matter the size of business, now days adapting mobile strategy as per business needs is a primary factor. A prudent Enterprise Mobility solution will add impetus and raise the service level of employee and customers.
Increase engagement and responsive growth that profits business with enterprise application is the target of organizations. An Enterprise App Development offers distinctive features, functionalities along with technology platform achieving raised the demands of business. If the technology is embedded wisely, it can deliver tangible advantages including :

• Security

Major business exchange confidential data on regular basis. This can include sale information, financial information, client lists and many more. This information utilized by employees on their devices that are prone to security and privacy risks.

With BYOD you can simply rely on and gain advantages for a better workforce. It is essential to manage the personal accessibility of data to avoid being stolen on lost. There are even possibilities that the device might be attacked by malware.

Enterprise Mobile software has a solution to your problems. It is reliable in terms of authorizing a list of devices that can access data, application, and resources. It is also capable of controlling and omitting errors. Also, enterprise mobility offers you to maintain separate personal and work data, assemble secure communication via VPN and remotely clear the abilities to store data by removing the information from the device.

• Increased Revenue

From last few year e-commerce has advanced with an evolution of mobile applications. Through apps, a business can leverage to increase productivity and gain revenue through implementing apps for the business.
The enterprise mobility help employee work in a detailed way with each department flexibility without restrictions of time or place. As a business, you can expedite and develop direct interaction with your present and future customers supplementing their experience and promoting customer loyalty.

• Process Efficiency and Reduction in costs

No matter the sort of phone an employee or employer is working, they will be working effectively from the initial stage. They will not need extra training or mechanics for handling their device. This would help an employee handle various tasks easily and efficiently.

The cost of investing for hardware, maintenance or other digital infrastructure would reduce when you can bring your own device in the workplace. Also, by replacing traditional paper-based workflow to mobile interface decreases the operational costs of business. Seamless data interaction through a web and mobile interfaces would save time, money and efforts of organizations also the work environment would improve. There would be a less human interruption, paperless approach and the real-time information would be updated regularly.

• Enhanced Productivity

Freedom of usage of mobile devices contributes towards improving the efficiency of the employee. Enterprise mobile apps deduct the paper-driven procedure and systemize them to assist better workflow. This enhances data accuracy and allows users to know real-time information.

It allows employee being actively participating with other colleagues and peers throughout the time. As an employer, your workforce would get increase flexibility that ultimately enhances productivity. The data would be available from any time and anywhere, that allows directors to look for sensitive information of employees, this will expand communication and collaborating with other employee and respond promptly queries.

Developing the right strategies

With an array of smartphone devices and gadgets, it is essential that a company must implement the right solutions and platforms for enterprise mobility. The owners develop a better way to overcome complexities with the adoption of technology. They are focusing to remove roadblocks of new technology to its implementation. The goal of an employer is to adopt a wise strategy that maintains a balance between the requirements of a workforce, security and budget to reap the fruits of productivity and performance that enterprise mobility offers.

All this is possible by streamlining Enterprise mobility management software that suites and fulfills the entire requirements of organizations.Enterprise Mobility Services should provide solutions to safeguard crucial information and provide a rich experience with technology trends.

As an employer, it has become a necessity to prioritize a customer-centric approach, be more productive, keep employees prolific and preserve security without increasing the cost. A customizable Enterprise mobile solution would embrace the mobile trend and benefit business in various factors.

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BMW And Daimler Pool Resources On Automated Driving Technology

BMW And Daimler Pool Resources On Automated Driving Technology

Daimler and BMW deepened their alliance on Thursday to share spiraling development costs for highly automated driving technologies, even as each carmaker pursues separate efforts to develop fully self-driving cars.

The enormous cost of designing and building computer-powered vehicles has already prompted Honda to pool its efforts with General Motors, while Volkswagen is pursuing talks with Ford about an alliance on autonomous cars.

BMW and Daimler deepened their alliance for similar reasons, said Michael Hafner, head of automated driving at Mercedes-Benz research and development said in a blog post which accompanied a joint press release by the companies on Thursday.

“We have learned that the development of these systems is a bit like climbing a mountain,” he said.

“Taking the first few meters from the base station to the summit seems easy. But the closer you come to the goal, the thinner the air around you becomes, the more strength is required for each further step, and the more complex become the challenges you have to resolve.”

It made sense to distribute the technological and financial challenges of automated driving, Hafner said, so BMW and Daimler will jointly develop technology to enable automated driving on highways.

“Initially, the focus will be on advancing the development of next-generation technologies for driver assistance systems, automated driving on highways and parking features,” the companies said in the statement.

“In addition, the two partners plan to discuss the possibility of extending their collaboration to cover higher levels of automation, both on highways and in urban areas.”

BMW and Daimler’s move comes as even deep pocketed technology companies struggle to gain traction in autonomous driving. Apple Inc said on Wednesday it planned to lay off 190 employees in its self-driving car program, Project Titan.

The market for advanced driver assistance systems and autonomous vehicles is expected to grow to $96 billion in 2025 and $290 billion in 2035 from about $3 billion in 2015, according to Goldman Sachs.

BMW and Daimler already cooperate in high-definition mapping with HERE and in the area of procurement, and earlier this month unveiled a joint ride-hailing, parking and electric car charging business.

They said on Thursday their new partnership will center on so-called level 3 and level 4 automated driving technologies, including cars that still require steering wheels and drivers.

Daimler will pursue a separate development alliance for level 5 robotaxis between its luxury brand Mercedes-Benz and supplier Robert Bosch. Level 5 cars require no driver.

BMW, for its part, continues its development alliance for robotaxis with Israeli autonomous vehicle tech company Mobileye and chip maker Intel, with the aim of putting autonomous cars on the road by 2021. -Reuters

-Edward Taylor

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