Business Strategy E-Magazine August 2021
“Business strategy e-magazine” focuses on the Corporate Governance. Some of the best international professionals and entrepreneurs voluntarily provide with informative management & leadership skills, entrepreneur’s choices, career resources & more that you might need to succeed. This time we are segregating content into four parts : Leadership, Management, Career Byte and Brand – Success Stories. Dr Vaneeta Aggarwal illustrates top 8 trending business ideas thriving through the world pandemic. The leadership skills are explained by Fausto Turco (Italian CEO) while the 5Cs of new Context and new leadership are explained by Paolo Gallo (Former CHRO, World Bank and Founder of a Executive advisory firm). Dr Neeta Pant has contributed another interesting article on managing ones emotions during turmoil. Abhinav Sharma elaborates the changes in hospitality business due to covid 19 & more on cryptocurrency.
“Business strategy e-magazine” focuses on the Corporate Governance. Some of the best international professionals and entrepreneurs voluntarily provide with informative management & leadership skills, entrepreneur’s choices, career resources & more that you might need to succeed.
This time we are segregating content into four parts : Leadership, Management, Career Byte and Brand – Success Stories. Dr Vaneeta Aggarwal illustrates top 8 trending business ideas thriving through the world pandemic.
The leadership skills are explained by Fausto Turco (Italian CEO) while the 5Cs of new Context and new leadership are explained by Paolo Gallo (Former CHRO, World Bank and Founder of a Executive advisory firm). Dr Neeta Pant has contributed another interesting article on managing ones emotions during turmoil. Abhinav Sharma elaborates the changes in hospitality business due to covid 19 & more on cryptocurrency.
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uted amongst all network peers.
Hence, there are no single points
that are vulnerable to failure.
In terms of theory, a hacker would
need to hack a whopping 51% of
all large nodes which power the
currency. It is something of an
impossibility for a sizeable block
chain-based cryptocurrency like
Bitcoin.
• P2P
Don’t be intimidated by the acronyms.
We are simply talking
about the peer-to-peer concept.
Two individual people can transact
without the need of a third
party having to act as a broker.
However, one still needs to fund
pay for the network. Still, thanks
to its design, the processing fees
are negligibly low compared to
current payment services like
banks, PayPal, or Zelle.
The Two Types of Cryptocurrency
There are two distinct variants of
cryptocurrency, which are coins
and tokens. Let’s discuss them a
bit more deeply:
• Coins
You can only buy coins and not
tokens. Coins are a distinct cryptocurrency
equipped with their
own block chain systems like
Ethereum, Bitcoin, Ripple, and
Litecoin.
• Token
Tokens, on the other hand, make
use of block chain systems of other
coins. We need to elaborate a
bit further on tokens.
Tokens, like the name suggests,
are representative assets or utilities.
Such tokens are unique to
projects and are the first public
sale of the relevant project
termed ICO or an Initial Coin Offering.
Its stock market counterpart
would be Initial Public Offering.
Note: A word of warning-there
is plenty of fraudulent ICO’s out
there, and many international
governments are trying to keep
track of the same.
Another thing to know is that tokens
come in two variants- security
and utility as discussed below:
Utility tokens- They allow you
to buy purchase products or avail
services from a specific platform
or company issuing them.
Security tokens- A security token
is a digitized form of financial
security. It represents a share
of an actual value of a business.
As might be expected from a form
of financial security tokens have
the following benefits:
• Pay off dividends.
• Pay interest.
• Share profits
• Invest in other assets, including
tokens.
However, to be accepted as a security
token, digital assets need
to fulfil three criteria:
• Monetary investment.
• The total funds raised must
go to a single individual business.
• Investors expect income
from the third party’s work.
There are several international
legal compliances that security
tokens must abide by.
Should One Invest in Cryptocurrency?
The buying and selling of cryp-
42 Issue 14, August2021 | CONTENTS
Issue 14, August 2021 | CONTENTS 43
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