Why Would A Former Wall Street Hedge Fund Manager Ditch His Privacy for Blockchain?

Paul Mampilly, an American investor, and former Wall Street hedge fund manager stated last year that he would be willing to have a chip placed in his body if it meant his life would be easier. Mampilly’s bold statement came from him not wanting to waste time in line getting his state ID renewed.

How does this relate to blockchain? Other than cryptocurrency, blockchain technology can be used to protect a person’s personal and financial information.

Before describing how it can protect a person’ s personal information, let’s explain what blockchain technology is, and how it works. For starters, it’s a list of records that are linked together through a series of unreadable code, also known as cryptography.

Because of this link, a person can find his or her information in one location. Therefore, the time it takes to process an individual’s personal information becomes shorter, and people get out of places much quicker. For instance, a thirty-minute wait to get your state ID renewed would turn into a two-minute wait thanks to how blockchain works.

In addition to linking data together, blockchain technology records data used in transactions. Afterward, a person’s personal information gets locked away to prevent it from being stolen.

Because blockchain technology locks away someone’s personal data, it does a much more better job of securing their information from thieves. Therefore, making identity thief much harder to pull off.

These reasons are why Paul Mampilly stated he would ditch his privacy for blockchain.

While one could understand Paul’s excitement over the potential this sort of technology offers, it does come with flaws that hackers can use to their advantage.

Yes, blockchain technology gives people the power to decide what information they want to share and information they don’t want to share. Also, it does a much better job of protecting a person’s data from identity theft.

However, there’s still a way for someone to steal people’s data, even with blockchain. Earlier this year, a Ukrainian group, Coinhoarder, took fifty million in cryptocurrency from Blockchain.io users.

According to an article in Fortune, the group pulled it off by purchasing Google ads on popular keyword search terms related to cryptocurrency. Once they bought them, Coinhoarder used the search terms to lure unsuspecting victims to click on links to websites disguised as credible domains for Blockchain.info wallets.

Furthermore, vulnerabilities in blockchain software can cause people’s personal information to get stolen. One example of this was the Parity Wallet Breach scandal that happened last year.

A UK-based start-up known as Parity discovered a vulnerability in their wallet software, which resulted in at least 150,000 others getting stolen from user accounts. Near the end of the year, the company found out that the ether accounts were worth close to over a million dollars.

Even worse, the start-up learned that the money in 70,000 of those accounts had been cashed out. Meaning the business couldn’t recoup the financial losses that occurred during the breach. What’s worse about these breaches is there’s a low chance of finding the person(s) who committed the crime once cryptocurrency gets converted into real money.

While blockchain technology offers some benefits that make people like Paul Mampilly go crazy over, it comes with drawbacks that can put people’s financial, or worse, personal information at risk. In the future, let’s hope the negatives that comes with blockchain improve so more people can use it without fear it’ll get breached.

Because, there’s potential for blockchain technology to revolutionize how people protect their personal information. If you enjoyed this content, share it with your friends and family on social media.

A Simple Technical Checklist to Find the Best Car Title Loans Online

The sheer convenience of shopping for car title loans online is countered by the rider many lenders pose wherein you have to take your car and title along with you to one of their branches so you can get approved. A car has to be appraised for the required price evaluation and that will determine the loan amount you are eligible for. However, there are some lenders that would be willing to offer you car title loans completely online. Since you can anyway explore all available car title loans online, you should be able to compare them to find the best proposition. You will need a checklist to compare the various loans and it cannot be solely confined to the rate of interest, loan amount and repayment term. You have to delve deeper into the terms and the different variables affecting the proposition in your favor or otherwise.

•The first factor on the technical checklist would be the car. The value of the car will determine how much loan amount you can avail. Some lenders will cap the loan amount at half the value of the car. The value of the car is the price at which it would resale right now. Some lenders would be more lenient and you may get more than half the present value of your car. The proportion of the value of your car a lender is willing to consider as the loan amount should be a criterion while choosing or comparing car title loans online. The second criterion in this context itself is the value of the car as ascertained by the lender. Not all lenders will have the same assessment. Some lenders will be more generous. Others will be more stringent and rather limiting on the loan amount you can apply for. Prioritize both these aspects. Select lenders that are more generous with the appraisal and those that will offer a higher loan amount vis-à-vis the resale value of your car.

•The loan amount, rate of interest and repayment term will always remain the three most fundamental criteria while exploring car title loans online. These three are the basic components of a title loan and hence you would find it rather easy to pit one proposition against another. However, do bear in mind the legality throughout the whole process. You should be aware of the state laws applicable to car title loans online and offline. There is no federal law as such as every state has chosen to determine the statutes that shall regulate the title loans within their respective territories. No lender should levy a rate of interest that is higher than what is permitted. Some states do not cap the rate of interest so you may be unlucky in such scenarios. Some states have prominent caps on rates of interest, loan amounts and repayment terms. Do not accept loans (see loans.no) from lenders that are bending or breaking the law.

•The repayment term is more than just the duration or timeline by the end of which you must have completely repaid the loan along with the accrued interest. The repayment term should have provisions for renewals. There will be lucid clauses that explain how you must follow up in case of a missed installment or if there are late fees levied on your loan. There may be instances when the lender will send you a notice or they may not send one prior to seizing your vehicle and taking possession of it before conducting an auction to recoup the money they had lent. Some lenders will coordinate but most states do not mandate this as a prerequisite. You should be well aware of your rights and you should guard against unfavorable terms in the agreement. Read the loan agreement or the terms and conditions before you actually get the amount disbursed and credited into your account.

•There are lenders that would not make the entire agreement available till such time you are approved for the loan and they are about to disburse the amount. You must have a failsafe before the money gets credited. Most states have a law wherein you can return the amount credited to your account within twenty four hours and you would not be held responsible to pay any interest. You will be relieved of the loan, even though you had applied for it and gotten approved subsequently. This provision is there in the state laws to allow people to rethink or go back on their decision to accept a loan that they do not want anymore. You can also use this statute if you think you have had an unfair deal or if the lender has misled you in any way. In other words, if you do not get a chance to read the entire agreement online or before you get approved, you still have the option to do so on the day of loan disbursement and undo the process.

Four Reasons Why You Should Consider Hiring a Financial Consultant for Your Business

Hiring a financial consultant is an expense seen by many businesses as an unnecessary and avoidable one. Why hire an outsider and pay a hundred dollars an hour for something you could try to get from a book or an existing employee who has a finance background? There are many reasons and situations where you might need a financial consultant. Here are four of them:

Gain Insight and Expertise

Regardless of the product or service that a business offers, a financial consultant can focus on the right questions and work towards answering them. As a result, the solutions they bring to the table can streamline business operations and make your life as CEO or business manager easier. Being able to streamline your business operations means your costs are reduced and, consequently, profits are maximized. As a business owner, you are expected to play various roles, such as marketing to product development. While this could work for some roles, it’s best to hire a professional when dealing with your business finances. The slightest miscalculations can end up bankrupting your business. Working with a consultant, you can get insight on how to better manage your available capital, identify cash flow issues before they become major, crippling problems, and ultimately how to keep your business afloat and eventually profitable.

Lower Costs

The consulting business, particularly financial consultation services, can lower costs and give you better control of your finances. Business expenses can grow out of control without any financial expertise to help you curb them. For instance, a financial consultant can use his/her experience to develop internal accounting measures for monitoring expenses. While learning through experience can be one of the best ways to cement important lessons, not every business needs to reach bankruptcy in order to learn how to best manage cash flow.

Prepare to Scale

The financial consulting business can help you prepare for future developments. When planning for the future of your business, it’s easy to get emotional. Excitement, anxiety, and every emotion in between can rush in and take over. A financial consultant, however, offers a neutral and objective perspective that is necessary for dealing with finances. They can give you some much-needed clarity and help you channel your vision and take your business in the right path for growth. To scale, a business needs an objective, an action plan to actually reach that point, and strategies to execute the action plan. With a financial consultant, you get these three things.

Help Get More Investors

Working with a financial consulting business gives your existing investors peace of mind that their money is being taken care of. It makes your business more trustworthy and invites more investors in. An investor is more likely to invest in your business if they know you have the capacity to handle finances responsibly. And one way of proving that to investors is by having a reputed and experienced professional consulting you.

Consulting services are a great addition to your assets; it allows you to minimize expenses and maximize revenues, get more investors interested in your brand, and help your business prepare to scale upwards in the years to come.

Author Bio: Adrian Rubin is a graphic designer and freelance consultant.

Facebook business marketing reviews for social media marketing

Facebook is one of the prestigious platform through which you can grow your business in a rapid rate. As we know that it is an era of technology, so everyone is busy in making good strategies of social media through which they can turn around their businesses. The Facebook has been always helpful in growing the business of the people. The marketing business people are introducing new terms and condition through which they help the people to grow their businesses. If you are also interested to get the information of Facebook marketing program through which you can make huge benefits in your business, then you are at the right place in this regard.

  • Facebook marketing is now on top
  • Facebook has millions of users
  • The number of users is increasing
  • Facebook can turn around your business 

Post about your business regularly:

There are millions of positive reviews of Facebook users. The owners of business are using the Facebook pages to promote their products and other things. For getting the positive results and reviews from the people of business marketing, they love to post on regular basis. The ads that you will post on the social media like Facebook will reach the every corner of the world according to your audience selection. Therefore, you must invest on the social media to grow your business.

The business marketing people of Facebook are getting the positive reviews through which they are making good amount of money. You can sale any of your product on the Facebook by giving an ad. The people will contact you after seeing your ads. Therefore, you have to post on regular basis to get the positive reviews.

  • Regular posting will grow your business
  • Can set the targeted audience
  • Run the paid ad campaigns

Encourage the comments of users:

Suppose, you are posting about your products and people are giving feedbacks about them, then you have to encourage their comments. The more you will encourage the comments of users, the more you will get the place in their heart. So, don’t try to insult your customer. Give positive feedback to their responses.

  • Always give positive feedbacks
  • Don’t show arrogance
  • Be optimistic

Respond quickly to the comments:   

If any of your client has posted a comment on your ad, then you have to be quick in responding. Quick response will give you positive reviews in your social media and Facebook business marketing programs. So, you have to hire a person who will handle your page to give quick responses to the posted comments of users. You can get there complete help of journal review.

Pictures and vides can be effective:

The best way to get the attention of people is to use pictures and videos. The pictures and videos will make a good mark in the heart of users. The more you will use picture and videos on your ad, the more people will come to buy your products. Therefore, if you want to grow your business through Facebook and other social media sites, then you have to post pictures and videos for effective business marketing.