ISBN-10: 0996025553; ISBN-13: 978-0996025553
In the US, the services sector provides employment to about 100 million, while the manufacturing sector provides employment to about 20 million. These sectors are highly automated, and driven by sophisticated business processes forming an integral part of the digital economy. While the applications themselves may be distributed over the Internet in time and space, the core business, regulatory, and financial aspects of the digital economy are still centralized, with the need for centralized agencies (such as banks, customs authorities, and tax agencies) to authenticate and settle payments and transactions. These centralized services often are manual, difficult to automate, and represent a bottleneck to facilitating a frictionless digital economy. The next revolutionary step in the services and manufacturing economy of the future is the development of automated distributed applications that do not depend on these traditional centralized agencies for controlling, facilitating and settling multi-party transactions that may themselves be subject to complex contractual constraints. The blockchain technology is an integral part of these next steps that promises a smart new world of automation of complex services and manufacturing processes. Blockchain is a distributed and public ledger which maintains records of all the transactions on a blockchain network comprising suppliers of products and services and consumers. With the blockchain's ability to establish trust in a peer-to-peer network through a distributed consensus mechanism rather than relying on a powerful centralized authority, the technology is being seen by the industry experts as one of the greatest innovations since the invention of the Internet. As per Santander, blockchain technologies can reduce annual costs for financial firms by $20b by streamlining processes and improving efficiency. In addition, investment and spending on blockchain technology is expected to increase at a compound annual growth rate (CAGR) of 52% through 2019.
We have written this textbook, as part of our expanding "A Hands-On Approach"(TM) series, to serve as a textbook for senior-level and graduate-level courses on financial and regulation technologies, business analytics, Internet of Things, and cryptocurrency. This book is also written for use within industries in the FinTech and RegTech space that may be interested in rolling out products and services that utilize this new area of technology. An accompanying website for this book contains additional support for instruction and learning (blockchain-book.com).
About the Author
Arshdeep Bahga is a researcher in cloud computing, IoT and big data analytics. Arshdeep completed Masters degree in Electrical & Computer Engineering from Georgia Institute of Technology in 2010. He worked as Research Scientist with Georgia Tech from 2010-2016. Arshdeep has authored several scientific publications in peer-reviewed journals. Arshdeep received the 2014 Roger P. Webb - Research Spotlight Award from the School of Electrical and Computer Engineering,Georgia Tech.
Vijay Madisetti is a Professor of Electrical and Computer Engineering at Georgia Institute of Technology. Vijay is a Fellow of the IEEE, and received the 2006 Terman Medal from the American Society of Engineering Education and HP Corporation.
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Payroll processing performs many tasks to ensure accurate deduction of tax, loans & mandatory contribution of SSS, Philhealth, Pagibig and others deduction. Pinoy Web Application designed for automation of process to avoid padding of time or eliminate fraud most of all the payroll output in a minutes. read more »
Preparation of Annual Income Tax Return for all employee's BIR Form 2316 in manual process are so complicated and can caused a human errors in also take a lot of time to finished. read more »
Using DTR Biometric Finger Scanner application system time-in/time-out we create module process to generate Timesheet for every employee. Before generating employee timesheet cut-off date make it sure that all pending approval of leave & overtime covered on that payroll cut-off date that filed by the employee’s should be approved by designated department. The report monitoring status of Leave & Overtime will help you to identify head department with pending approval to prompt them to approve. read more »
Digital Persona U.are.U 4500 Finger Print Reader is my Software Development Kit (SDK) used in development of Daily Time Records (DTR) Attendance System which is designed to captures the time-in / time-out logs for every employee's and also we embed text to speech features... need speaker to prompt the user what is going on. Most of company today are now using Biometric fingerprint authentication to be used in time attendance that accurately and timely tracked for management reporting and also for accounting payroll processing. read more »
The employer is required to deduct mandatory monthly contribution of SSS, PhilHealth, HDMF and tax withheld for salary above minimum wage in every pay day. Here are the list of data table provided by the government agency that used in Pinoy Web Application payroll processing. read more »