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How technology is changing talent acquisition?



Till just a decade ago, recruitment was all about credentials. A CV dotted with names of the right institutions and companies the candidate has worked for, a stack of impressive academic credentials and work experience certificates, and glowing referrals from past colleagues were essentially all that were needed for a candidate to stand out from the rest in the eyes of a recruiter.

More parameters to evaluate

With changing times, the list of things to consider when evaluating a new candidate has lengthened considerably. In addition to academics and work experience, HR professionals must also look at personality, charisma, ability to learn fast, a fit with the culture of the organization, and a lot more. While this has meant there are more things to be evaluated, fortunately, as in many other situations, technology is at hand to offer some aid.

Potential for technology in recruitment

It is estimated that only about half of talent acquisition professionals use technological tools to discharge their responsibilities more efficiently and effectively. Applicant tracking systems, online assessment tools, and video interviews are among the options that offer much scope to improve the recruitment process. What is interesting to note is that 90% of respondents polled by Korn Ferry were not worried about AI taking away their jobs, and nine in 10 recruiters want to work with new technologies.

How technology has impacted hiring

The impact of technology on recruitment can be seen in the following ways:

Social recruitment

Recruiting through social media is one of the fastest-growing channels to source talent. From a fringe concept, it has grown substantially in the past few years. The following are the things to note here:

  • Social media offers a different perspective of a client, outside of professional and academic aspects. It could help a company know what makes the candidate tick and judge how well the candidate fits with the culture of the company.
  • Job openings can be presented very attractively on social media, more so than on traditional media tools. This attracts more candidates, facilitating a better selection process.
  • Targeted marketing of companies becomes easier, and they can reach the candidates matching their profile requirements more quickly and efficiently.
  • People are on social media more frequently and for longer durations than other online tools. This offers more opportunities to engage with them.

Security through blockchain

Keeping HR data secure is one of the prime concerns of talent acquisition professionals. Filing cabinets are far too old-school, and antivirus and security software can only do so much to protect online records. The advantage of blockchain is that data can be stored in a decentralized fashion with no security concerns, by definition. Blockchain makes the system more secure, along with the added advantage of transparency, as anyone with access rights can access the data at any time, without any fears of data tampering. It becomes easier to store data on work performance, training programs and other candidate data securely, leaving more time and energy to focus on better assessing candidates and their fit with the organization.

Using mobile apps to get closer to candidates

For a HR professional, delivering the right information to the relevant candidate is among the more challenging components of the recruitment process. Seamless communication is of the essence, often not facilitated by traditional, common means such as email and telephone calls due to – among others – delivery issues. By requiring all candidates to use the mobile app, the entire data set comes in through one channel, allowing analyses by recruitment teams as well as data science professionals. Interviews can be more thorough and emphasize more on character analysis, due to time freed up from sourcing and segmenting the data by conventional means.

Storing data on the cloud

Data storage, security and accessibility are perpetual challenges for HR teams. Job openings could be advertised well and excellent recruitment campaigns could be run, but the risk of data being compromised does not go away. The problem often lies in the fact that traditionally, data has been stored on physical media, which is prone to manipulation and by definition takes up physical storage space. Cloud storage avoids all this by keeping all but the most trivial information on the cloud, minimizing security requirements at the user end. It also works out to be significantly more economical than buying and running hard drives or other physical storage media.

The big impact of big data

Big data implies a big influx of – well – data to companies. Data science tools allow the talent acquisition team to analyze and understand candidate requirements and expectations better, and facilitate a more accurate match between these and the requirements of the job(s) at hand. New hires too can be monitored better, with analytics allowing a projection of future performance and thus letting HR professionals plan better.

Technology has clearly already had a significant impact on recruitment, and there will be more to come in the near future. Human resource professionals would do well to enroll for talent management training programs that train them well and certify their abilities to work with the newest technology.

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Ripple Labs notches landmark win in SEC case over XRP cryptocurrency



13 July (Reuters) A U.S. judge ruled on Thursday that Ripple Labs Inc. did not break federal securities law by selling its XRP coin on open exchanges. This was a significant legal victory for the cryptocurrency sector and caused XRP’s value to skyrocket.

Refinitiv Eikon figures show that by late Thursday afternoon, XRP had increased by 75%.

Although the SEC also received a partial success as a result of the decision by U.S. District Judge Analisa Torres, it was the first victory for a cryptocurrency corporation in a case brought by the U.S. Securities and Exchange Commission.

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Although the ruling is particular to the specifics of the case, it will probably give other crypto companies fighting the SEC evidence as to whether their products are covered by the regulator’s authority.

An SEC representative stated that the agency was satisfied with the judge’s conclusion that Ripple had broken the law by selling XRP directly to knowledgeable investors.

Once a final judgment is rendered, or earlier if the court permits it, the decision may be appealed.

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A spokeswoman for the SEC stated that the regulator was considering the choice.

The decision, according to Ripple Chief Executive Brad Garlinghouse, is “a huge win for Ripple but more importantly for the industry overall in the U.S.”

The biggest U.S. cryptocurrency exchange, Coinbase (COIN.O), said that it would once more permit XRP trading on its platform.

“We have reviewed Judge Torres’ well considered ruling. We’ve gone over our analysis in great detail. Paul Grewal, the chief legal officer at Coinbase, tweeted that it was time to relist.

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On Thursday, the price of Coinbase stock rose 24% to $107 per share.

The company and its current and past chief executives were charged by the SEC with executing an unregistered $1.3 billion securities offering by selling XRP, which Ripple’s creators invented in 2012.

The cryptocurrency sector, which contests the SEC’s claim that the great majority of crypto tokens are securities and are therefore subject to its severe investor protection regulations, has been closely following the issue. The regulator has filed more than 100 enforcement actions against cryptocurrency companies, alleging that different tokens constitute securities, but many of those cases have been settled.

In the few cases that have gone to trial, judges have agreed with the SEC that the disputed crypto assets were securities. Securities, as opposed to assets like commodities, are subject to strict regulation, must be registered by their issuer with the SEC, and demand extensive disclosures to alert investors to potential risks.

Torres determined that since buyers did not have a reasonable expectation of profit linked to Ripple’s efforts, the company’s XRP sales on open cryptocurrency exchanges did not, in the eyes of the law, constitute offers of securities.

She referred to those transactions as “blind bid/ask transactions,” in which the purchasers “could not have known if their payments of money went to Ripple, or any other seller of XRP.”

Torres utilized a ruling from the U.S. Supreme Court that stated “an investment of money in a common enterprise with profits to come solely from the efforts of others,” is a type of security called an investment contract.

According to Torres, Garlinghouse and co-founder and former CEO Chris Larsen’s sales of XRP on cryptocurrency exchanges and other disbursements, such as employee compensation, did not constitute securities.

The $728.9 million in XRP sales by the business to hedge funds and other affluent clients that Torres determined to be unregistered transactions of securities gave the SEC a partial success.

According to Torres, Ripple’s institutional investor-focused marketing made it obvious the company “was pitching a speculative value proposition for XRP” that depended on company efforts to build the blockchain infrastructure supporting the digital asset.

She argued that a jury must determine if Garlinghouse and Larsen helped the corporation break the law and that the defendants cannot claim they had no “fair notice” that XRP was a cryptocurrency at the time of the alleged offense.

“The law does not require the SEC to warn all potential violators on an individual or industry level,” the spokesperson stated.

According to Gary DeWaal of Katten Muchin Rosenman, the decision should aid Coinbase in defending its own SEC case.

According to the market response, the decision represents a “tremendous event for the industry,” he claimed.

Both the Ripple and Coinbase cases center on the need for registration as well as whether certain digital assets qualify as securities under American law.

Since the verdict, the crypto sector has pushed for legislation to define the legal status of digital assets and put forth clear regulations for tokens.

Republican House Majority Whip Tom Emmer stated on Twitter that the decision proved “a token is separate and distinct from an investment contract it may or may not be part of.”

Let’s pass it into law now, he said.

Reporting was done by Tom Hals in Wilmington, Delaware, and Jody Godoy and Chris Prentice in New York; editing was done by Chizu Nomiyama, Conor Humphries, Leslie Adler, and David Gregorio.
The Thomson Reuters Trust Principles serve as our benchmarks.

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XRP, Coinbase Surge As Investors Take Favorable View Of Ripple Ruling



Judge Analisa Torres’ decision that some cryptocurrency transactions do not count as securities sales gave Ripple Labs Inc. what appears to be a partial victory in the Securities and Exchange Commission’s lawsuit against it, which substantially increased the price of cryptocurrencies. The SEC’s assertion that the majority of digital assets are securities that must be registered—which is impossible to do under the current regulations—can be successfully contested, even though the district court’s ruling is not legally binding elsewhere.

This has repercussions for other actions the agency takes against cryptocurrency exchanges and other middlemen. In December 2020, the SEC filed a lawsuit against Ripple, stating that the company’s $1.3 billion in sales of the digital asset XRPXRP 0.0%XRP 0.0% since 2013 amounted to an unregistered securities offering.

The court ruled in a summary decision that the $757.6 million worth of XRP that Ripple offered to retail customers via programmatic sales was valid. Moreover, the court determined that using XRP to pay for employee salary and other services did not satisfy the requirements of an investment contract. “Whereas Institutional Buyers could have reasonably expected that Ripple would use the capital it received from its sales to improve the XRP ecosystem and thereby increase the price of XRP, programmatic Buyers could not have reasonably expected the same.”

The original founding team gave Ripple 80 billion XRP units (of a 100 billion maximum) as compensation for their assistance in building the company’s blockchain, the XRP ledger. Contrary to the more common practice of initial coin offerings, where a currency’s developers sell it to investors, founding teams or decentralized organizations might nonetheless own large holdings.

The judge found that the $728.9 million in XRP that the company sold to institutional investors was an illegal offering, ruling that “Based on the totality of the circumstances, the Court finds that reasonable investors, situated in the position of the Institutional Buyers, would have purchased XRP with the expectation that they would derive profits from Ripple’s efforts.” This prevented the ruling from being a complete victory for cryptocurrencies.

After the decision was made public, the value of all cryptocurrencies increased by almost 6% to $1.3 trillion, while XRP rose by 76% to 82 cents, ranking it as the fourth-largest digital asset, according to CoinGecko. Investors saw the decision favorably for the company’s own battle with the SEC, which has accused it of operating as an unregistered securities market, and the stock price of the Coinbase exchange increased by about 20%. It’s interesting to note that when the Ripple lawsuit was revealed in 2020, the exchange really stopped dealing XRP.

The decision made today does not, however, automatically give exchanges the green light. When considering the ability of this decision to set a precedent for other instances, Stephen Palley, a partner at Brown Rudnick and co-chair of the digital commerce practice, told Forbes that there is some significant nuance that needs to be taken into account. “The court says in a footnote that it is not ruling on whether or not secondary transactions are securities transactions,” remarked Palley. “It stated that a user of these platforms, or crypto exchanges, would not be able to determine that Ripple is on the other side. As a result, the court came to the conclusion that there could not have been a profit expectation based on Ripple’s efforts.

Palley wonders if this reasoning will make it more difficult for other courts to claim that secondary sales are investment contracts in the future. “I don’t understand how you can say that transactions between two non-Ripple parties would be securities transactions but transactions where Ripple was on one side wouldn’t,”

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The Future of Dapp Development: Emerging Trends and Technologies



The world of decentralised applications, or dapps, has witnessed significant growth and innovation in recent years. As blockchain technology continues to evolve, developers are exploring new possibilities and pushing the boundaries of what dapps can achieve. In this article, we will delve into the exciting future of dapp development, exploring the emerging trends and technologies that are shaping this rapidly evolving landscape.

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Smart Contracts Revolutionizing Dapp Development

Smart contracts, the self-executing agreements built on blockchain technology, are revolutionizing dapp development. These contracts enable trustless transactions and automate the execution of predefined conditions. By eliminating the need for intermediaries, smart contracts offer increased efficiency, transparency, and security. As the backbone of many dapps, smart contracts have paved the way for innovative use cases across various industries.

Scalability Solutions: Overcoming Blockchain Bottlenecks

Scalability has been a major challenge for blockchain technology, limiting its widespread adoption. However, developers are actively working on solutions to overcome these bottlenecks. Layer-2 scaling solutions like state channels and sidechains allow for faster and cheaper transactions by reducing the load on the main blockchain.

Additionally, advancements in sharding and consensus mechanisms such as Proof-of-Stake (PoS) are improving the scalability of blockchain networks, opening up new possibilities for dapp development company.

Interoperability: Bridging Different Blockchains

Interoperability is another key focus area for the future of dapp development. Currently, most dapps operate within their respective blockchain ecosystems, limiting their potential impact. However, projects like Polkadot, Cosmos, and ICON are working on interoperability protocols that allow dapps to communicate and interact across different blockchains. This cross-chain functionality will enable seamless data sharing and collaboration, fostering a more connected and vibrant dapp ecosystem.

User Experience and Adoption: Simplifying Dapp Onboarding

One of the critical factors for the success of dapps is user experience. To drive mainstream adoption, dapps must offer intuitive interfaces, seamless onboarding processes, and improved performance. User-centric design principles and user experience (UX) research are being applied to enhance the usability of dapps, making them more accessible to a broader audience. Additionally, developments like MetaMask and WalletConnect simplify the process of interacting with dapps, further enhancing the user experience.

Privacy and Security: Protecting User Data

Privacy and security are paramount in the dapp development landscape. With personal data becoming increasingly valuable, developers must prioritize protecting user information while ensuring the transparency of blockchain transactions. Advancements in zero-knowledge proofs, homomorphic encryption, and decentralized identity solutions are being leveraged to strike the delicate balance between privacy and transparency. These technologies enable users to maintain control over their data while participating in decentralized applications securely.

The Rise of Non-Fungible Tokens (NFTs)

Non-Fungible Tokens (NFTs) have gained significant traction, revolutionizing digital ownership and the art world. NFTs represent unique digital assets that can be bought, sold, and traded on the blockchain. From digital art and collectibles to virtual real estate and gaming items, NFTs have opened up new avenues for creators and collectors. As the technology evolves, we can expect more innovative use cases for NFTs in the future of dapp development.

Artificial Intelligence and Machine Learning in Dapps

The integration of artificial intelligence (AI) and machine learning (ML) technologies with dapps holds immense potential. AI and ML algorithms can analyze vast amounts of data on the blockchain, providing valuable insights and enabling automated decision-making within dapps. These technologies can enhance fraud detection, improve user recommendations, and optimize various processes, creating smarter and more efficient decentralized applications.


In conclusion, the future of dapp development is brimming with possibilities. Smart contracts are revolutionizing the way transactions are executed, while scalability solutions and interoperability protocols are addressing the limitations of blockchain technology. User experience improvements, privacy-enhancing technologies, the rise of NFTs, and the integration of AI and ML are shaping the dapp landscape. As developers continue to push the boundaries of innovation, we can expect dapps to transform industries, empower individuals, and drive the adoption of decentralized technologies in the years to come.

Remember, this article is just a glimpse into the vast realm of dapp development. As the technology continues to evolve, new trends and technologies will emerge, further expanding the horizons of what dapps can achieve. So, buckle up and get ready for an exciting journey into the future of decentralized application development.

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