A lot of credit for the fast-changing way we work goes to artificial intelligence. AI and machine learning are increasingly powering workplace platforms and tools because sophisticated automation tools can relieve workers from tasks that are too dull or dangerous. Therefore, employees can focus more on higher-level work. Artificial intelligence can be utilized to enable individual knowledge workers, boosting their productivity and feeding them timely information furthering key business objectives.
Enterprise software development faced an amazing evolution in the past few years, thus making more and more businesses look for software development services to create integrated solutions that give the opportunity to expand and improve their employees’ experience better than ever.
Technological advancements have completely changed the human resources game in the last several years. Modern businesses are frequently global and diverse meaning that they have employees scattered all over the world making HR professionals to struggle with a never-ending paper trail. Positive HR policies and environments are keys to retaining staff long-term, but due to differing policies, processes, regulation, and systems, HR staff have a lot of their time tied up in answering the requests and questions of the employees. Even the simple act of finding how many days of holiday someone has left can result in multiple emails sent across an organization and a lot of documents to look through. Yet, AI enterprise solutions can help by saving valuable time for both the employee asking the question and the HR professional trying to respond. Also, AI can be valuable in automating repetitive recruiting tasks such as sourcing resumes, scheduling interviews, and providing feedback.
HR professionals put great importance on employee engagement for the success of a business. But what it means to have engaged employees? According to them, engaged employees are the enthusiastic and passionate workers that are willing to work hard to contribute to the growth of the organization that they are working for. for today’s business leader, employee engagement is seen as the holy grail that can make a difference between a company that outperforms its competitors and one that fails to grow. Artificial intelligence is expected to create a healthier, more productive, and accessible work environment for employees. A healthy and safe workplace is known to engage workers in innovation and the process of contributing to a company’s success.
Entrepreneurs have the responsibility to ensure that the workplaces they offer to their employees keep them satisfied, safe, and positive so that they can remain productive and focused on the job.
For example, well-being technology has already become a big deal in the business world because there is strong evidence that suggests that it positively affects outcomes in the workplace. Emotional and physical wellbeing technology is used in workplaces to capture employee information, analyze it and identify workers who struggle with productivity or happiness in the office. A healthy employee is a happy employee who will use their best qualities to contribute to a company’s success.
Create engagement opportunities
Happy and engaged employees are surely one of the more important keys for organization growth. Artificial intelligence integrated into businesses is expected to improve operations and boost employee engagement by creating engagement opportunities. For example, AI-powered solutions can engage remote employees effectively by providing both real-time performance monitoring to the employer and by providing access to business data to the employees from all over the world. Thus, artificial intelligence enterprise software helps employees and employers from all over the world to stay connected and make informed business decisions that contribute to improved business processes and the organization’s growth.
Employee and staff performance monitoring
Employee monitoring often paints a picture of a nagging boss trying to control every aspect of a helpless employee’s life. So, naturally, the idea of monitoring is something every employee hate. However, it is a crucial component in the overall management of an organization allowing both entrepreneurs and their employees alike to understand how their time is being spent. It can help people become the best version of themselves on the job. AI software can be used for employee monitoring to both enable employers to get their money’s worth out of their employees and help employees get better at their jobs. Humans need motivation to perform efficiently at their jobs and monitoring can be the tool to provide it. for example, employees can use time-tracking software to keep track of how they spend their time and derive valuable insights such as how they can be more productive on the job. Also, employers are empowered to make informed decisions regarding their employees. For example, AI-powered monitoring software can help them to rightly decide which employees qualify for promotions based on their productivity, work ethics, and contribution to the company’s growth.
A solution to the data nightmare
The huge amount of data generated daily is a nightmare and a common reason for stress for employees. One of the biggest challenges in the workplace for employees is to struggle with documents and content scattered in disparate locations across their organization. Workers have to waste a significant amount of time and energy to find a file or document that is crucial for completing their tasks because the business data is hard to access when it is not centralized in enterprise software. AI advancements have set the stage for an intelligent assistant that is designed to help employees do data-oriented tasks such as prioritizing high-importance emails, balance workflows, and attach relevant content to emails. This assistant can make employees’ life easier in this age of information overload that the business world is experiencing. Leaner information sharing and access boosts higher productivity across the company.
The rise of artificial intelligence has transformed the way organizations manage employee engagement and the way employees work. It can help companies to boost the bottom line through the improved usage of available resources, increased employee satisfaction, and better productivity.
Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity provider Raydium
ChainSwap, a cross-chain asset bridge & application hub for smart chains, today announced a new partnership with Raydium, the leading Solana blockchain-based automated market maker (AMM) and liquidity provider. The collaboration will connect applications for Raydium with EVM chains for ChainSwap, as well as drive Solana to EVM-compatible chains traffic.
Unlike other automated market makers, Raydium provides liquidity to Serum’s central limit order book (non-custodial DEX that’s built on Solana). This means that the platform’s users and liquidity pools have access to the order flow and liquidity of the entire Serum ecosystem, and vice versa.
Built on the Solana blockchain, Raydium enables significantly faster transactions and lower fees. Raydium offers DeFi and AMM projects a path for bridging platforms and liquidity. On top of that, ChainSwap is currently in the progress of building a Solana-to-EVM bridge and will enable liquidity creation on Raydium.
On the native ChainSwap exchange, the ChainSwap.com Governance Token (TOKEN) facilitates platform operation, utility capture, and value realization. TOKEN has no monetary value. TOKEN incorporates economic and game theoretical designs to boost platform utility. Further, ChainSwap plans to introduce a series of new apps on an intermediate chain powered by TOKEN.
How Coinbase is Driving the Crypto Market to the Richest Fintech Hands
Not every cryptocurrency proponent is a fan of the giant exchange platform Coinbase. But if sentiments are kept aside, it is crystal clear that the platform is leading the cryptocurrency market into some of the richest hands the industry will ever know.
Between last year and this year, some of America’s biggest institutions have tapped the exchange to help it purchase cryptocurrencies. This was the case for Tesla. The $1.5 billion Bitcoin purchase made by the platform was largely possible due to Coinbase’s involvement.
We also reported a while back that some of America’s top universities including Yale and Harvard, have made Coinbase their middleman, as they silently partake in the act of buying digital currencies in large numbers. Sometime last month, Social investment app Invstr teamed up with Coinbase to launch a trading feature that will allow U.S users to buy and sell digital currencies.
More recently, the leading American-based fine art auction house Sotheby has revealed it will be making a major entrance into the cryptocurrency market through Coinbase. The art place is set to launch a historic art auction in the week ahead and will accept bidders’ payments in Bitcoin and Ethereum. This is the first time the company is accepting cryptocurrencies, as it explains that its previous artwork saw over 3,000 bidders, forcing the platform to consider an alternative payment method: digital currency.
Why Coinbase’s relevance in the Crypto industry is unmatched
The case of Sotheby’s tapping Coinbase to serve as a middleman is a unique case. Had Coinbase not established itself as home to institutional platforms of many kinds, opportunities like these could’ve easily slipped past the industry’s net.
While there are many other reliable exchanges in the U.S, Coinbase is one of the few ahead, in terms of popularity and diversity of services. This gives the platform an edge over others and places it in a position favorable to the cryptocurrency community as it is at least, likely to pop up as one of the top three platforms that fintech institutions interested in the cryptocurrency community could tap.
It is safe to imply Coinbase’s market value is directly tied to its branding. Because of how well coinbase has branded itself as a diverse platform, it is not surprising that it remains a top choice amongst investors. The result of this is largely reflected in its market value of nearly $100 billion.
Galaxy Digital acquires crypto custody and asset infrastructure provider BitGo
Galaxy Digital, a financial services and investment management company operating in the cryptocurrency and blockchain technology sectors, announced today that it has agreed to acquire BitGo, a bitcoin & blockchain-asset infrastructure provider.
The deal is worth an estimated $1.2B based on Galaxy Digital’s closing share price on May 4, 2021.
BitGo’s product suite is complementary to Galaxy Digital’s existing offerings across asset management, trading, investment banking, and mining. The combined business will be uniquely positioned to serve the entirety of clients’ financial services needs, whether they are storing assets or transacting…
“The acquisition of BitGo establishes Galaxy Digital as a one-stop-shop for institutions and significantly accelerates our mission to institutionalize digital asset ecosystems and blockchain technology,” said Mike Novogratz, CEO, and Founder of Galaxy Digital. “The power of the technology, solutions, and people we will have as a result of this acquisition will unlock unique value for our clients and drive long-term growth for our combined business. We are excited to welcome Mike Belshe and the talented BitGo team to Galaxy Digital.”
Since its founding in 2013, BitGo has been a leader in developing custody and wallet infrastructure products for cryptocurrency users. Today, BitGo is a leading custody provider with over $40 billion of assets under custody, serving over 150 exchanges and over 400 institutional clients. BitGo processes over 30 billion monthly transactions, support the custody of more than 400 coins and tokens and provides clients with comprehensive insurance.
“Joining Galaxy Digital represents an exciting new chapter for our business, as our current clients gain access to a wide set of financial solutions,” said BitGo CEO and Founder, Mike Belshe. “We will now be in a position to offer our best-in-class digital asset infrastructure capabilities to significantly more corporate, institutional, and high net worth investor clients.”
Key Transaction Benefits
- Introduces multiple new business lines to Galaxy Digital, including a regulated client custody solution from BitGo Trust Companies in South Dakota, New York, Switzerland, and Germany.
- Adds over 400 global net new clients to Galaxy Digital.
- Diversifies the business with greater contribution from reoccurring revenue that is significantly less correlated with digital asset prices.
- Institutional-grade levels of security and operational performance with SOC 1 Type 1 and Soc 2 Type 2 audits.
- Accelerates product innovation and development capabilities by adding over 50 engineers and key product and security infrastructure personnel.
- Expands the firm’s geographic reach, with the addition of a West Coast office in San Francisco, as well as global offices and a significant international client base.
- Immediate revenue synergy opportunities that, paired with the other strategic benefits, support the value of the acquisition.
Under the terms of the merger agreement, the consideration to BitGo shareholders will consist of 33.8 million of newly issued shares of Galaxy Digital common stock and $265 million in cash, subject to certain adjustments and deferred purchase considerations, implying an aggregate transaction value of approximately $1.2 billion based on Galaxy Digital’s closing share price on May 4, 2021.
Galaxy Digital will use its balance sheet to fund the cash consideration, a significant portion of which will be deferred up to 12 months post-close. Additionally, Galaxy Digital will issue incremental shares of its common stock to BitGo’s shareholders in exchange for BitGo’s net digital assets at the close.
BitGo shareholders will own approximately 10% of the pro forma company. Galaxy Digital to retain substantially all current BitGo employees and enter into employment agreements with key members of the management team. Upon closing, Mike Belshe will join as Deputy CEO of Galaxy Digital and will become a member of the company’s Board of Directors.
The transaction has been approved by the boards of directors of both Galaxy Digital and BitGo. The acquisition is expected to close in the fourth quarter of 2021, subject to approval by Galaxy Digital’s shareholders of the domestication of Galaxy Digital as a Delaware corporation and the internal restructuring described below, as well as certain related matters and other acquisition-related closing conditions and regulatory approvals.
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