The Asian Market has not been left behind by the global excitement brought about by blockchain technology. South Korea is currently ranked third among the largest cryptocurrency markets, closely following the United States and Japan. Not even the increased regulations placed on the markets have been enough to slow down the reception of cryptocurrency in this region. The recent court ruling recognizing Bitcoin as a legal asset has also set a precedent on the future view of cryptocurrency in South Korea.
Though a new concept, digital currency is quickly being integrated, despite its structurally different employment of infrastructure in the markets. This growth in cryptocurrency demands mainstream banking institutions to take up the role of monitoring its exchange, and supervise compliance with South Korean anti-money laundering regulations. Cryptocurrency integration into the South Korean culture provides a yardstick to measure the growth of the blockchain internationally, and present specific trends.
The gaming industry presents the first trend, with increased adoption of cryptocurrency usage noted. The transition of the concept into the gaming industry is well received because it aligns to previous use of virtual currency in the markets. Gaming and cryptocurrency show a similar growth trajectory, and it is only natural that the two converge at some point.
Paving the way for the future of gaming is the Chief Information Officer of OPSkins, Malcolm Casselle. His education background in computer science, and focus on digital currency interactions with the emerging cryptocurrency is driving this new trend. The firm provides a gaming marketplace platform for players to trade their skins. He is also the Worldwide Asset eXchange (WAX) President, a decentralized marketplace where anyone can use a fully functional virtue platform without the need for investments in securities, infrastructure, and payment modes.
Through WAX, Malcolm presents a platform that uses tokens to replace virtual goods more efficiently and facilitate subsequent exchange to cryptocurrency. The tokens are not limited to video games only and have a mechanism that facilitates trustless trading among gamers. This function enables a large number of gaming traders to have virtual stores on one decentralized platform. The platform provides for additional participants into the ever-expanding ecosystem through real-time payments, security, and trust.
Tech entrepreneur Robert Deignan, the co-founder and CEO of ATS Digital Services, LLC, says that the general public is very concerned about automation replacing them in their jobs. He says that researchers have looked into how long it will be before automation and artificial intelligence start replacing humans doing a variety of tasks. Depending on the complexity of the task some have already been replaced while others might not be replaced for 120 years or more.
Many people are concerned that automation will replace what they do for a living. Robert Deignan, who has been in the technology sector for over 20 years, says that there are ways to defend yourself from having your job automated, such as developing complex skills that AI won’t be able to do for decades.
So far what automation is really good at is simple, repetitive tasks like screwing bolts into a car. He suggests learning how to incorporate technology into your job to make you more productive and able to focus on higher level tasks rather than fighting against the progress of technology.
It’s jobs that require flexibility in different physical environments, those that require high-level training, and ones that require intuitive decision making that are the safest, Robert Deignan says. He says a study conducted by researchers at Oxford University showed that the occupations least likely to be replaced by AI and automation include among other recreational therapists, social workers, occupational therapists, audiologists, and healthcare social workers.
As most people know, experts in various specialties enjoy making predictions about the future and people in the media love to report these to their readers. The reality is that no one really knows where automation is headed and how quickly. Robert Deignan says there may be nothing to fear at all as the rise of automation will let people focus on what humans are good at compared to what a machine can do. He says the nature of work will likely change but it will likely be that certain job tasks you do will be taken over by automation while other duties you have will expand.
Doe Deere is an American entrepreneur known as the founder of Lime Crime, a beauty product brand known for making lipsticks and make-ups. She also has a huge following on social media, and she used it in her advantage to gain new clients. Lime Crime was founded in 2007, and in a decade, Doe Deere dedicated her time and energy developing new products that would appeal to their market. One of the company’s most iconic products is the Lime Crime Unicorn Hair Dye, which originated as a customer hair color developed by the company’s founder. She developed the rainbow colored-dyes to impress her followers online, but she later developed it to become a product on its own. The Lime Crime Unicorn Hair Dye is available on their website, and many people are ordering it because they loved to see how they would look with rainbow-colored hair.
Managing the company for ten years changed the life of Doe Deere and her partner. They were able to invest in other ventures, and they managed to save a lot of money from their business. However, in 2018, the couple decided to sell their company to Tengram Capital Partners. Doe Deere revealed that they would never leave the company, as they will maintain their position as members of the board of directors. Doe Deere promised their clients that as the founders of the company, she has to ensure that the products created by Lime Crime under the new ownership would still be animal-friendly, and female empowerment should still be intact, especially inside the office premises. She also promised that the company culture would continue, and they would advise the new owners of the company to cope with the unique company culture that she helped propagate.
The partnership between Tengram Capital Partners and Lime Crime is expected to grow further, and the new owners of the company promised that they would continue manufacturing and distributing animal-friendly beauty products, and they will never deviate from the company’s original recipes. Lime Crime continues to become one of the fastest growing beauty product manufacturers in the United States.
The New Netherland Institute’s article on Dick DeVos chronicles his far-reaching career spanning over four decades. A prestigious man Devos started out as an ambitious man with a long way to climb on the totem pole. After working his way from the bottom almost to the top of the Amway corp.as vice president in the 1970s and early 1980s,Dick set out on his own business venture with The Windquest Group.
Dick Devos then took to managing The Orlando Magic NBA basketball team from 1991 to 1993. For most people Devos’ is a resume that is one to be content with. Dick, however was far from finished as he moved back to Amway as it’s president. Eventually DeVos established a conglomerate called Alticor, in 2000, which consisted of Amway corp, Quixtar corp and Access Business Group.
Returning to his own conception as president of The Windquest Group in 2002 Dick DeVos had his mind on politics.Now a wealthy man, DeVos ran for governor of Michigan spending nearly $40 million of his own money on his campaign which he was not rewarded with the win for the effort in which he applied.
Most people reading the New Netherland Institute’s article would be neglected of Dick DeVos’ philanthropic endeavors, with the Dick and Betsy DeVos Family foundation. In 2015 alone, the foundation gave $11.6 million in charitable contributions. The Devos family seems to think that life isn’t measured by how well off you are but by how well you treat those in need. If you think that is something to write home about your eyes might water hearing that over the course of their lifetimes Betsy and Dick have given roughly a total of $139 million dollars to charities. The family has a track record of contributing to charities benefiting education and the arts tho they also contribute to other areas such as churches, human resources and education reform. Dick and Betsy seem to have gotten the entire family involved as their two children seem to be future philanthropists themselves. In my book following their father, they have some big shoe to fill.
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Scott Rocklage is one of the most well known executives in the healthcare management field. He has managed a number of pharmaceutical companies during his career which have been some of the most successful in the industry. Today, Scott is the managing partner of 5AM Ventures. He has held this position since the year 2004. Prior to serving as the managing partner of 5AM Ventures, Scott was its venture partner beginning in 2003. During this time, he would help the company make a number of arrangements that would allow investors to provide capital for expansion. As the managing partner of 5AM Ventures, Rockalge sets the policies and goals of the organization on a regular basis.
Rocklage has accumulated many years of professional experience that has allowed him to become the top executive he is today. During his career he has held a number of upper level management positions. This has allowed him to set an example for many organizations as well as help them achieve their various objectives. Over the last two decades, Scott has held positions such as president, chief executive officer, board chairman and chairman. These positions allowed Scott to provide key leadership for a number of companies. With his authority and leadership, Scott Rocklage has been able to achieve many things such as developing and introducing a number of drugs. These drugs have been approved by the FDA along with many other ones that are currently being evaluated for approval.
One of the things that has distinguished Scott from other professionals in the pharmaceutical and healthcare management industries is his leadership. Scott has demonstrated the ability to provide guidance and direction for a number of organizations. Under his leadership, he has helped them attain a number of goals that have allowed them to become successful organizations. On a regular basis, Scott uses his knowledge and expertise to help lead 5AM Ventures. He sets goals, devises strategies and also monitors the progress of everyone involved who are working towards meeting specific objectives. With his leadership, Rocklage has proven to be one of the most successful managers in the healthcare industry.
For more information, connect with Scott Rocklage on LinkedIn.