ElectIT Revolution in 2017-18

Life card

This card is actually a gun. It is a small 22 caliber gun. It weighs less than 7 ounces, even though it is so small all gun laws still apply while purchasing this. Life card is so small that it can fit any where and easy to carry and yet simple to operate. It wont fire when it is closed. It is a single shot gun and has a built in safety features. Even lefties (left handed people) can use this gun. It can carry extra bullets in its grip.

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SGNL

This smart strap is to make calls with your fingertip. All you need is to replace your watch with sgnl and you are done. Sgnl is connected to your mobile through Bluetooth. With this you can attend calls with your mobile inside your pocket.To answer a call ,click the button on your watch compatible sgnl and place your fingertip to your ear. Your finger not only transmits the sound but also blocks the background noise.It provides good voice clarity and privacy

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Room me

It is a sophisticated technology for inside of your house. Room me senses your smartphone​ and personalizes accordingly. When you enter the room ,room me senses your phone through Bluetooth and adjusts everything to your liking and when you leave the room, it turns everything off. It is not effected by other  non phone carrying things like your pets. The attachment of room me is quite easy and fits in all types of rooms. There are no security issues as room me is connected through your phone and not internet.

Paqsule

It is a smart self cleaning gym-bag. It cleans itself and anything that you put inside it. If you want to clean up your clothes while traveling, this pack can do it in 25 minutes. All you need is to get it charged. The cleaning process does not use harmful chemicals and it is  fdi approved and this bag  waterproof.
we can maintain fresh cycles in this bag and have an option to clean itself and keep inside objects fresh by an oxygen pumping mechanism. It has a natural deodorized capability. You can choose between 15, 25 or 35 Minute fresh cycles which depends on the order level.
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P up

The pocket scanner allows you to stay comfortable while you are outside and dont even need to worry if have any urgent work related to scan need to be done and with out moving around for scanner. You dont need to worry about paper dimensions any more. The way to use it is so simple, first choose your scenario, fit the laser to the pages and press the button, thats it done!!. Your documents has just been transferred according to your choice- share, store or print. It is fast and easy to use.
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Aster

It is the world’s safest back pack for students.If you are traveling through darkest places, the back pack illuminates.You are visible from a distance and from sides. The rear light makes you to visible up to a distance of 250 meters. Profile light provides better definition to your shape making others to judge your relative speed. You can warn those behind you when you stop through automatic back lights.you can also let others know your direction​ of movement.

MUZO

Muzo can create dynamic realistic sounds by cancelling vibrations. These sounds drive out noises around. Mmzo is designed to generate even vibration tones through the attached surfaces. You can turn every area in to your personal area by a click. There are  times when you would worry people around you hearing you. By switching to the secret mode, you can protect your speech privacy. Even when you are out in public you can enjoy a great conversation with out people ears dropping. Even in a busy city, uzo can take you out of hardships of everyday life. Switch to sleep mode and set your personal sound filed. Uzo will minimize the disturbance and set it according to your bedroom.You can enjoy a sound sleep!!
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Blockchain

This technology is the revolution and back bone behind the crypto currencies like Bitcoin, Litecoin or Ethereum etc. The main concept is to make the third party in any ledger to a distributive mode and by doing so, can achieve a tremendously reduction in the operating cost of any transaction. At the same time in terms of business as its a completely new business-branch so it can create many new job opportunities.
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Why Fixed Deposit Rates Varies – Real Reasons

what re FD ( Fixed Deposit rates ) in all countries and reasons

TechBus

There are many parameters which leads to the fluctuations in the interest rates of bank, as specially interest given on A Fixed Deposit.

LIQUIDITY

Its one of the primary parameters for variations in FD Interest rate. Liquidity is such a product which can be exchanged very quickly in market in exchange or purchase of any other product or asset. One of primary examples for liquidity is cash. Some times if there is a drastic changes in the demand-supply chain then also the interest rates can fluctuate an FD.

CREDIT OFFTAKE

Many industries such as Agriculture ( Agro industry), Manufacturing etc, generally takes credit from banks and in turn banks expect from them return of principle amount along with an accompanied  higher interest ( Interest rate higher than what is given in an FD). If there is a dip in the credit taken by the major industries or its relative…

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How to start business in the USA

To setup a small business in US, first we need to understand the process and its different levels. Lets first have an overview of the process and then will move on to the detailed procedure. For the legal setup, you need to finalize the company-name and prepare all the required documents. You need to take a virtual address for receiving emails and a bank account. Once you are done with documents, then the process starts with document filing and you will get incorporation certificate once filing is done successfully. Then you need to apply for employer identification number(EIN). Once EIN is received, you are now allowed to open a bank account( opening a bank account, involves different types of methods as discussed below). Bank verifies documents, business model and opens an account for all your business transactions. You can also have US mobile number and can also apply for payment gateway. Then you can start receiving / sending payments from clients and promoters.

Now lets see  the detailed procedure to setup business in the USA

Continue reading “How to start business in the USA”

important and useful websites

Following are most important and useful websites which are not known to people or not in general use upto now

Keepa

It’s a price tracking site for amazon.It provides price history like, price drop or hike over the period of time. From a keepa graph we can actually analyze prices and its trends correctly.
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On Y-axis you have a product price and on X-axis you have calendar dates. On right margin, we have the sales rank. First search for the product we need to analyze, on the right side we can select the product’s listing period from weeks to months. Also we can check out amazon price, new market place price and old market place prices simultaneously using this amazing tool/website. Let us now see the price of a product for a particular date, say for April 3, which you can check actually compare with the price at amazon, the lowest price for the new market place and the lowest market price for the old market place. It is interesting to note that the darker areas depict the stock presence and the lighter ones are the areas which shows whether the selected product is out of stock at that particular period of time or not

10-minute mail

  • Terminates after 10 min.
  • It’s a self-destructive after 10 min.
  • This will help against spamming.
  • It’s mostly used for subscriptions.

Continue reading “important and useful websites”

Bitcoin Litecoin and Ethereum Story

Bitcoin

It is a crypto currency ( A virtual currency), a decentralized currency that means no bank will have control or regulation over this money and its associated transactions. Bitcoin actual concept is said to be invented by Satoshi Nakamato in 2008. If a person pays bitcoin to another for some goods, then this is a transaction and such transaction is recorded in a public (Open) ledger called blockchain(we have already discussed blockchain in previous session). Unlike normal currency bitcoin don’t have a specific value and it keeps on changing its value continuously  and behaves like a currency stock. For each ledger or transaction to be completed, a math and special key is to be guessed by the participants and there are persons ( called minor nodes) who use special software to solve this math problem(authorization of the transaction should be done by the network between source and destination users as there is no third party gateway). Minor who solves transaction math will be rewarded. After certain transactions,these miners will receive newly minted bitcoins for the work. There is a limit of 21 million bitcoins that can be generated all together in the network, thus this allows more persons to solve math problems and earn  more bitcoins and eventually this will increase the complexity of the system and so in certain terms it also increases security. Minors use powerful computers with graffic-cards to solve the increasingly complex algorithms associated with each and every transaction

Pros
  • As It is virtual money, you do not need a bank or third party gateway for transactions.
  • Transactions are made online and uses blockchain technology, hence they are secure.
  • When compared to cost of transactions with banks, bitcoin transactions require less or no charge.
Cons

Continue reading “Bitcoin Litecoin and Ethereum Story”

Blockchain technology

 

Blockchain technology is for transaction-security improvement, server-logic decentralization, Open Ledger, reduced operating costs and crypto-blocks implementation. This is already proven and implemented technology in realtime businesses like BitCoin, LiteCoin, Ethereum (cryptocurrency) etc where the block chain technology is implemented in full range and in Live.

In layman terms, any organization ( users in organization like bank) which triggers a huge number of transactions in general possesses a centralized server which handles all those transactions and all users ultimately will have to hit the central server for each and every transaction. In this business-scenario  there arises issues associated with security and speed while completing the transaction cycle. When ever there is a single point of enquiry ( central server) there is always a high risk and chances of security breach could come into front-row as an unmanageable risk-factor daemon. As now all the business-components are gradually getting converted into distributed mode, so the security to be provided perhaps multiplies, also because of data distribution. Using blockchain, a super-security is guaranteed and  achieved even in complex distributive mode which is almost maintenance free and also profitable to the end user. Companies which adopt this technology along with Bigdata, can reduce their operating cost exponentially.

The Blockchain is a secured chain of transactions in a linked commodity-hardware, is shared by all users in a secured way in each and every transaction being held in a distributed network. Blockchain uses a technology by which data is transmitted in a complex logical format which can be read and processed only by the intended end users.

How Blockchain Works

For each and every new transaction originating from a user, a mathematical private key or seed is generated. This cryptographed key is used to sign transactions, providing complex algorithematic proof to the block showing  that they have come from authorised user.

Problem Now : If a person X in some gobal geographycal location whats to send money to Person Y in another geographycal location , the transaction is done using a third party which is identified by both person X and Y. And generally for doing so it required some transaction time (say 1 business day) and transaction fee ( say $0.1). Using block chain this third party gateway can be completely removed so could  save time and money of each individual user.

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Blockchain Solution:

For the above problem, blockchain has incredible solution which is profitable to both origin-organization and also to the end users. It uses a concept called Distributed Open Ledger using a chain of transactions over the open network.

Example

If Mr. X wants to send money to Miss Y  and P,Q,R and S are other users in the network. When X tries to send money to Y say $5 ( where X as $10 in his account), an open Ledger is being created and everyone else in the network has crypto access to the generated open ledger and each transaction is added as a new open block to the already existing Ledgers which X has made ( now X has 10-5 = $5)

There is no centralized database now…. So who will Validate these transactions..

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The answer is there will be special nodes in the block chain example P and Q, they are called as minors. These minors, as soon as a new transaction is placed will compete among themselves to validate the translation ( how much X has and and how much he can send and whether this transaction is valid or not). The minor which validates faster will gets first chance to add a new validated transaction block to the chain and it also rewarded. Each minor’s  calculation will be crosschecked in parallel and matched with results of other competing  minors. Finally new ledger block is added to the existing chain once validation of the transaction is done. This complete  process will be executed in a couple of nanoseconds. As there is no third party here, transactions will be done almost immediately and as the ledger is open there are many simultaneous security checks imposed on each and every transaction to process it and to commit it ( this is done by different minors), so a surety with respect to ultimate security could not be broken by by any means in blockchain

–How to implement Blockchain with coding example we will check in far upcoming technology sessions

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Why Fixed Deposit Rates Varies – Real Reasons

There are many parameters which leads to the fluctuations in the interest rates of bank, as specially interest given on A Fixed Deposit.

LIQUIDITY

Its one of the primary parameters for variations in FD Interest rate. Liquidity is such a product which can be exchanged very quickly in market in exchange or purchase of any other product or asset. One of primary examples for liquidity is cash. Some times if there is a drastic changes in the demand-supply chain then also the interest rates can fluctuate an FD.

CREDIT OFFTAKE

Many industries such as Agriculture ( Agro industry), Manufacturing etc, generally takes credit from banks and in turn banks expect from them return of principle amount along with an accompanied  higher interest ( Interest rate higher than what is given in an FD). If there is a dip in the credit taken by the major industries or its relative industries, also called as Credit Off-take, can eventually effects the banks’ income in the form the reduced income from interest. In this situation bank or regulatory authority takes steps to reduce the outgoing FD interest ( rates will come down).

INFLATION

In a layman terms, if inflation increases, cost price of majority of products increases. So there arises a need for more liquid money ( credit off take can also increase in some situations). When these two factors ( Inflation + credit-offtake) increases a combined effect comes into persistence, banks needs more money in the form of deposits ( FDs) to full fill the demand for money lending outflow. There is a high chance of increase of FD interest rates if this is the market condition. If the inflation increases  for a shorter period and again comes down, there is no chance of increase or decrease of Interest rates and it will be constant.

WORLD INTEREST RATES

World interest rates basically depend on above mentioned factors, but if the uncertainty in a country is more there is a more risk to the money invested. A politically and domestically uncertain country, has higher interest rates because of moderately higher risk accompanied in investment ( but it varies from one nation to another)

Here is the list of world interest rates

COUNTRY INTEREST RATE CURRENCY INFLATION
Singapore 1%-1.5% SGD 1.4%
Zimbabwe 3.50% USD 8.3%
Argentina 18.59% ARS 27.6%
Iran 15.00% IRR 15.3%
Mongolia 14.50% MNT 8.3%
Egypt 10.00% EGP 13.3%
Myanmar 10.00% MMK 8.9%
South Africa 9.38% ZAR 5%
Russia 7.50% RUB 8.9%
Tanzania 7.50% TZS 7.8%
Vietnam 7.40% VND 18.9%
India 6.5%-6.8% INR 3%-5%
Pakistan 7.27% PKR 7.7%
Bhutan 7.00% BTN 11%
Sri Lanka 6.90% LKR 7.7%
Colombia 6.67% COP 3.4%
Indonesia 6.50% IDR 5.7%
Iraq 5.50% IQD 2%
Afghanistan 5.00% AFN 6.8%
Nepal 4.00% NPR 8.3%
Malaysia 3.80% MYR 3.3%
Bangladesh 3.50%-4.00% BDT 10.7%
New Zealand 3.50% NZD 4.5%

— Some other factors we will discuss in upcoming business discussions

 

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