Premier Futsal kicks off tomorrow

first_imgChennai, July 14 (PTI) Football superstars Ronaldinho, Ryan Giggs and Paul Scholes will showcase their skills in front of Indian fans when the Premier Futsal begins amid hype and anticipation here tomorrow. The inaugural season of Premier Futsal, touted to be the worlds first multi-national league, will kick off tomorrow with some of most well known footballers rubbing shoulders will some of the leading futsallers in the world. The first match-day of the inaugural season will see Falcaos Chennai 5s go against Giggs Mumbai 5s. The second game of the opening day would be Ronaldinhos Goa 5s vs Hernan Crespos Kolkata 5s. The other marquee players are another Manchester United stalwart Paul Scholes and former Galactico Michel Salgado. Falcao or Alessandro Rosa Viera is known as Pele of Futsal. Tomorrows opening ceremony will see a live performance from music maestro A R Rahman, who produced and sang official anthem of the league. International futsal freestylers led by Sean Garnier will also showcase their skills and give the audience a glimpse of what to expect from the first edition of Premier Futsal. Futsal is a form of football played indoors on a smaller fields with five players in a side for 40-minute duration. Premier Futsal is a franchise-based tournament promoted by an entity formed by Indian entrepreneurs. It has Portuguese football legend Luis Figo as president and Indian cricket star Virat Kohli as ambassador. The inaugural season kicks off here tomorrow and move to Goa on July 18. The final will take place in Goa on July 24. The first edition will see six franchises divided in two groups to battle it out over eight match days and 13 matches. Each franchise was assigned a marquee international football player, seven international and five Indian futsallers. The six teams are split into two groups of three each, with Chennai, Mumbai and Kochi forming Group A and Group B featuring Goa, Kolkata and Bangalore. The tournament is split up over two legs to be played in Chennai and Goa. There will be three days of futsal in Chennai, from July 15-17, featuring six matches with two being played each day at the Jawaharlal Nehru Indoor Stadium. After a days rest, the tournament resumes in Goa, at the Peddem Sports Complex in Mapusa. The remaining six group stage encounters will be played there from July 19-21, before another days rest ahead of the knockout round. The semifinals and finals will be held in Goa on July 23 and on July 24. Sony Pictures Networks, which acquired the broadcast rights for the league, will start live telecast from 6.50pm onwards on Sony SIX, SONY ESPN and Sony AATH. PTI PDS PDSadvertisementlast_img read more

Blockchain in Housing Opportunities and Challenges

first_img Share Blockchain debbie hoffman FinTech 2018-07-15 David Wharton July 15, 2018 1,005 Views Blockchain in Housing: Opportunities and Challengescenter_img CEO and Co-Founder of Symmetry Blockchain Advisors, Debbie Hoffman is an experienced executive leader and advisor who has built and led teams in financial services, legal/compliance and technology innovation, including blockchain, ICOs, and cryptocurrency. She also serves as the in-house counsel to the firm Venture-Science. Prior to founding Symmetry, Hoffman was the Chief Legal Officer of Digital Risk, LLC, where she was responsible for the regulatory compliance and legal functions of the company. She also spent a decade of her career as a real estate finance attorney at the law firm of Thacher Proffitt & Wood in New York.Hoffman spoke to MReport about the key characteristics of blockchain and how they can help the mortgage industry become more transparent and efficient.What are some of the biggest trends you’re seeing with blockchain and cryptocurrencies in housing?We’re seeing two major trends. The first is the increasing awareness and conversation about blockchain’s potential for streamlining processes. This is a great start because not that long ago there was no awareness about it. The industry was saying, “Blockchain is great, but it’s not necessarily for the housing and mortgage lending industry.” Today, mortgage lenders are saying, “Maybe we really should look at this. How can we enhance our business practices and make us more efficient, or streamlined, or whatever the benefits are using blockchain?” The second trend has to do with the development of this technology. There are fintech or regtech developers that are actually building their blockchain ecosystem. In the next two to three quarters they will be building their partnerships around it after showcasing the value of what they’ve built and have streamlined it. These companies have said they want to be the center of the ecosystem on blockchain; they understand its value but also understand that, as a smaller company, they must get partners to make it a larger business.On the other hand, larger companies are doing their POCs internally and we should hear more about these developments over the next two quarters. What is driving the increasing awareness in the mortgage and housing industry?The fact that cryptocurrency has made so many headlines has caused people to look at blockchain as well. The downside, of course, is that when people think of this area, they think of regulatory tightening on the venture capital and the ICOs, which isn’t related to blockchain ecosystems. So, while the awareness is growing, there definitely needs to be more education around blockchain’s enterprise development. Also, although there is awareness that this is the technology upon which bitcoin is built, educating the industry on this technology is an uphill battle.What are some of the incorrect assumptions about this technology that you encounter?The main misunderstanding is that people think blockchain evangelists can fix the world. Many times we ask our clients, “Why do you want to use blockchain?” “What are you trying to achieve?” Let’s make sure that this is the right technology for you. At times, they actually don’t need to use it, but want to because blockchain is a hot technology right now. How does blockchain work best for both origination and servicing of mortgage? When one thinks of blockchain, one should think of its characteristics rather than the way it works, because that’s how you determine if it’s an appropriate technology. A blockchain has four key characteristics. First, it’s immutable, so once you put something into a blockchain, you cannot change it. Second, it’s transparent, so you can see who touched the blockchain. Third, it is time- and date-stamped, so not only can you see it, you can see exactly when somebody entered into that the chain. Fourth, this is a decentralized network, so there’s no concept of a storage place. This means it provides for peer-to-peer opportunities slightly different from the way we operate business today, and it’s much harder to hack. Because it’s decentralized, there would have to be a hacker that got into every single one of those decentralized computers or nodes. Those are some of the biggest ones. From the industry perspective, when loan officers originate a loan, the characteristics of a blockchain can help them to add information from the lead generation that will stay on the blockchain for a lifetime. It doesn’t need to be re-entered when a loan is sold, serviced, or even when the lender needs to provide documentation to a regulator. For the regulator, blockchain provides complete transparency and history of the loan without having to go through different documentation.Since all the information is already on the blockchain, the lender only needs to give permission to access the documentation to different parties. Here, too, permission to the files on the blockchain can be granted back and forth. What challenges do you see with this technology in both the near term and long term?We know the potential of blockchains as they are today, but they also have a lot of downsides. Those include speed, understanding the nuances of all the things we would like to do with them, and making them truly unhackable. These three things are the biggest challenges to making blockchain scalable to a larger level.Do you see any other technology that has serious potential but is not “there yet?”The next step after adopting the blockchain technology would be to adopt the tokenization that goes with it. This gets into an advanced theory of blockchain, as well as the concept of cryptocurrency, where you can pay along with the technology. You can have an ecosystem where you’re actually exchanging money along with this security and documentation.This technology opens up complete liquidity. You’re not waiting for money transfers. A large market mover could adopt a distributed ledger technology along with the tokenization. The speed of transactions and the ease of liquidity could be completely transformed if both of those were adopted in a blockchain. in Daily Dose, Featured, journal, News, Technologylast_img read more

Go back to the enewsletter Asia Pacific Incentives

first_imgGo back to the enewsletterAsia Pacific Incentives and Meetings Event (AIME) has launched its meetings software for the 2019 event, which will carefully match 32 guaranteed pre-scheduled appointments (PSAs) between buyers and exhibitors.With meeting preferences opening earlier than ever before, the algorithm, designed for AIME in partnership with Centium Software, matches the preferences of buyers with the services and capabilities of exhibitors through the EventsAir portal.Once buyers’ registrations are reference-checked and approved, they are able to begin their preference selection, which includes a range of criteria questions spanning preferred destinations, capacity, product strengths, buyer types and budgets, all of which will then be used to match the most relevant and mutually beneficial meetings with AIME exhibitors.“It’s common knowledge in the business events industry that PSAs are usually voluntary and can be either under-organised or not organised at all. We undertook a thorough exploration of events software to find a technology partner who would carefully match buyers with exhibitors, creating more business for both parties,” said Talk2 Media & Events CEO, Matt Pearce.Approved hosted buyers and confirmed exhibitors will be given the opportunity to pre-connect via the buyer zone portal (which opens in mid-January) or through the AIME app, available for download in January. Both parties can then begin the exchange of relevant business information to ensure the most effective use of time at the event.Each hosted buyer and exhibitor can expect to have 60% of their diary filled with the first round of scheduled matching; 40% of the diary will then be opened up to pre-registered trade buyers and media, with all diary holders free to organise appointments with AIME attendees they are specifically interested in meeting.Furthermore, technology will also extend into how appointments roll out on event day, taking into consideration the show’s floor plan and pre-empting travel time between each meeting.“Previously, delegates had expressed that there often wasn’t enough time to walk to your next scheduled meeting, contributing to missed opportunities. This new meetings software ensures that they will be rescheduled automatically, creating a more seamless event experience,” Pearce added.AIME’s partnership with Centium Software is one of many new elements that are part of its refreshed event strategy, promising more measurable return on investment for exhibitors and buyers alike.AIME is the first business event to kick off 2019 proceedings globally and will be running 18–20 February.For more details or to submit interest in attending AIME in 2019, visit aime.com.au.Go back to the enewsletterlast_img read more