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Zero-based budgeting ZBB is a method of budgeting in which all expenses must be justified and approved for each new period. It was created in the 1970s by former TI controller and advisor to then Georgia’s governor Jimmy Carter, Peter Pyrrh, to embed top-level strategic objectives into the budgeting process by tying them to […]
Blockchain is a foundational technology, an underlying technology layer for applications built on top of it, allowing them to share a joint database and a ledger. It provides realtime access to an immutable and consistent data set. Based on our experiences launching the Building Blocks project on behalf of the United Nation’s World Food Programme […]
From the early days of capitalism, when from 1633 the Hollandische Mercurius referred to capitalists as the owners of capital, on to David Ricardo who, in his Principles of Political Economy and Taxation is seen as the one who actually coined the term capitalism, until today: the structure and behavior of the enterprise as the […]
RAAY are large, circular stone disks – or: stone money – carved out of limestone formed from aragonite and calcite crystals. RAAY stones were quarried on several of the Micronesian islands, mainly Palau, and transported for use as money to the island of Yap. They have been used in trade by the Yapese as a form of currency. […]
Living and working in Europe, one might underestimate the relevance of participating in international banking. Globally, over 2 billion people have no or limited access to financial transactions. This must change. As a young person, when I was traveling through Europe, there were no Credit Cards (the Europeans with exceptions of the British were very […]
On December 6, 2017, game company and distributor Valve announced that its gaming platform Steam is no longer accepting Bitcoin as a payment method. The company explained that Bitcoin transaction fees have gone up to nearly $20 per transaction last week, “compared to roughly $0.20 when we initially enabled Bitcoin.” At the same time, CryptoKitties burned […]
Our subsidiary Baltic Data Science (“BDS”) has formally been appointed by WFP to support them on the scale-up of the Building Blocks project. We are very proud to announce that our close development partner and Polish subsidiary BDS has formally been appointed by the World Food Programme for the further roll-out the existing Building Blocks […]
What started with a Proof-of-Concept in Pakistan in early January this year, has been transformed in a fully functional Blockchain pilot being rolled out in Jordan in May, 2017. The Building Blocks project not only demonstrates the power and the impact of blockchain technology and its potential to enhance the lives of millions but it […]
“The future is already there, it is just not evenly distributed” as William Gibson said. At re:publica 2014 conference in Berlin we will demonstrate methods and tools to make good predictions and foresighting from sources found on the Net. “With Big Data comes the end of the pundit” – foresight, predicting the future from the […]