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> Mazda & Ford

Back then Mazda were owned by Ford, hence many similar cars.

Over here the Mazda Demio and Ford Fiesta were the same core car - https://en.wikipedia.org/wiki/Ford_B3_platform

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Hardware & Technology / Re: 4 Uses For Blockchain

« on: April 03, 2017, 11:44:16 PM »

Funnily enough a while ago, I worked out a way to do number 2 - the KYC style thing (but it had extra use cases too) using the BlockChain.

I even wrote it all down and signed it on the BlockChain as a proof of work job. Ahhhh time and developers... if only I had more of both, as it would only take about a month of dev work. It's beautifully simple really

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KYC (Know Your Customer)

Compliance and KYC procedures have become increasingly important in the banking industry as regulators are keeping a very close eye on who banks are doing business with to avoid potential money laundering or terrorist financing. According to a Thomson Reuters Survey , financial institutions spend on average $60 million on KYC and customer due diligence while some banks spend up to $500 million per year.

Regulators want better access to banks' customer client bases and transaction histories, while banks want to comply with the regulator's wishes to avoid regulatory fines at all costs.

By developing compliance platforms and KYC processes on top of blockchain technology, banks can not only reduce operational costs in these departments but also increase the efficiency of compliance processes and develop a closer relationship with the financial regulator.

Chris Huls, Blockchain Specialist at Rabobank , proposes in the whitepaper that the KYC statements can be stored on a distributed ledger. He believes that when a bank has verified a new client, they can put the client's data on a blockchain that can then also be accessed be other banks and accredited organizations, such as insurers or loan providers, without the need for the KYC process to be started all over again by each individual party. These parties would know that the client's information has been independently audited and verified so that no further KYC checks are necessary. This, in turn, would substantially reduce administrative costs in compliance departments.

According to a report by investment bank Goldman Sachs, a 10 percent headcount reduction would be achieved with the introduction of blockchain technology in KYC procedures, which would equate to $160 million in annual cost-savings.

Moreover, as data stored on a blockchain is immutable and irreversible, the risk of duplication or errors would be greatly minimized.

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Traffic / Re: Special symbols in URLs.

« on: April 03, 2017, 05:14:27 PM »

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This seems like a path to pain for no good reason except vanity. The client is so proud of their trademark, they even want it in their URL, just like Ford and Microsoft and Tesla and Apple do with their URLs. Oh wait, reality check, NONE of them do that with their URLs. Is it because they don't have the resources to do so?

I was going to write a long post but ergophobe said it better than me. The above quote sums it up.... don't do it!

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