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Truth-Telling in Auto Lending is Coming: Blockchain Technology & Smart Contracts May Replace Your Auto Finance Guy, Controller, & Maybe F&I & Floor Planning at the Dealership.

2016-09-02 00:16:20| AutomotiveDigest.com - Automotive Industry News

SITUATION: Blockchain Tech to be Auto Lending Game Changer: Mashes up cryptography & peer-to-peer networking. Creates a shared database of transactions & other information. A blockchain is an ever-lengthening chain of blocks of data. Toyota Financial Services has used Blockchain & smart contracts. Delinquent auto loans automatically transfer ownership & loanee cant use the car. All parties to know all about auto loans, rates, apps, stips, & fine print. SIGNIFICANCE: Blockchain could reduce need for businesses to organize as companies. Collaborators will work together as free agents instead of under bosses. Blockchain could replace bankers, accountants, & lawyers, escrow accounts, insurance, & verification of payments & performance of contracts. Truth-telling feature of Blockchain makes it enormously useful to banks. Ethereum, goes beyond ledger function; Works more like Google Docsshares SW that can be used by all but is tamperproof. Start getting up to speed on BlockChain with an in-depth Bloomberg article. ______________________________________________________________ The Article Truth-Telling in Auto Lending is Coming: Blockchain Technology & Smart Contracts May Replace Your Auto Finance Guy, Controller, & Maybe F&I & Floor Planning at the Dealership. appeared first on Automotive Digest.

Tags: the at technology auto

Robots are coming for your job but maybe thats okay

2016-06-21 19:00:09| Extremetech

Trends toward automation have never resulted in the employment doomsday many have feared, but is the coming invasion of robots going to be different?

Tags: job coming maybe okay

Microsoft E3 2016 live blog: New Xbox One hardware, Gears of War 4, and maybe even VR

2016-06-13 17:00:07| Extremetech

E3 2016 is here, and Microsoft is starting Monday off with a massive press event. Check back here at 12:30pm ET (9:30am PT), watch the live stream, and follow along with our live blog.

Tags: blog even live war

Want to Patent Natural Biological Material? Try Australia -- Maybe

2015-12-23 14:04:17| Biotech - Topix.net

If you want to patent non-modified biological material - say, genes as they occur in nature -- you're largely out of luck in the U.S. In 2013, the Supreme Court invalidated two patents for breast cancer-related genes, BRCA1 and BRCA2 , on the basis that naturally occurring DNA segments can't be patented. The USPTO's eligibility guidance has followed suit.

Tags: material natural australia maybe