Wow so much for being an advanced economy.. In India I can do instant transfer to any other account in the country using my phone and it's executed within minutes if not seconds.. works even on weekends and holidays... And it's almost free
As it is companies like IBM, Accenture etc have more employees in India than in the US.. so yes entire dept will just move to India as it is happening now.. and they are not just servicing US market but the global market, so I dont think the US worker has the only 'right' to do those jobs
I used to work in the UK and it was crazy to see the amount of control the bank had on your finances in terms of blocking transactions etc.. here in India even if the bank suspects an illegal transaction occurring, the best they can do is report it but they have no authority to block or stop it unless a competent authority of the court asks them to..
Wow you guys live in the 1st world with stone age banking.. here in India I'm able to transfer and clear payment from any bank/account to any other bank/account within seconds (ok maybe 30 seconds) for free 24/7 even on a bank holiday.. I can also set up a virtual payment address similar to an email that will remain the same even if I switch banks and the virtual pmt address can be anything I want similar to email addresses..
Java is a big deal in the world of finance and banking for backend server applications.. We used to use Java for the backend and middle ware and.net for all UI requirements.
well the AADHAAR system you are talking about has multiple levels of authentication which include iris, fingerprint, OTP to your mobile and password..
and the system does not give out any of these information, any one can use the system to authenticate by the means they deem fit by submitting the authentication details to the AADHAAR service and it will get back with only a TRUE/FALSE response and nothing else..
so as a service provider you can decide the level of authentication required, a bank might decide to use IRIS+PIN where as a liquor shop is just happy to verify your age against your fingerprint.
well it's not ppl cheating but pilferage in the supply chain that has traditionally been very difficult to control..
ppl at present have multiple ID (pan number - a tax id) to dodge taxes etc, this new system would mean that a person can only obtain one ID as a match in finger print or iris will cause the 2nd id not to be issued and the PDS system would need to authenticate the user for each transaction before any benefits are given meaning it is a lot more difficult for intermediaries to just siphon off 50% of the product and just make fake entries in the book claiming they were disbursed as intended...
I used to deal with Wallmart as a supplier.. Their order management system and accounts is very inefficient.
My deliveries routinely get lost in their system and my payments are missed with no proper way to track them.. I have stopped doing business with them as they refuse to acknowledge that I have made certain deliveries for which I have not received payment. Their stores are sometime unable to generate GRN due to system inefficiencies..
I don't trust their IT systems at all..
We experienced numerous well crafted phishing attacks, and had 1 person out of 5,800 click the link. That person immediately contacted security, and we reset all of their account data. That was 1 out of 5,800 once
or 1 out of 5,800 realised that they were being phished and many more never realised it...
still information has to travel from one end to the other (to get informationfrom one exchange and place an order on the other) irrespective of where you are located on the path..
I do not want to directly oppose some of the misguided views here but I see a lot of hatred for HFT, finance etc but at a very basic level there should be no regulation or hindrance for 2 ppl to exchange value (trade) as long as they believe they are deriving some value out of the transaction they are being part of even if others believe that the transaction is of no benefit (after all who can decide what's of benefit or not).. The idea of trade (any form of trade or barter) from an individual perspective is not for the betterment of society but for their own good but the unintended consequence is advantageous to society as a whole..
People might hate globalisation, free flow of capital etc but there is no denying that the onslaught of globalisation has reduced global poverty but I agree this has been at the price of increased inequality... Increased inequality in my opinion is better than all being equally poor... And for ppl who would disagree that global poverty has reduced just check world bank data on all statistics such as nutrition, health care, life span, access to electricity, telecommunication etc and you will see all there has been a remarkable rise in these factor over the last 30 years all over the world...
It really does not matter who you give these credits, it will work as long as there is not an oversupply of them...
Let’s say my dog is given some carbon credits, and company 'A' that's polluting would be willing to pay my dog for those 10 credits as long as it is cheaper than the cost of reducing pollution... Now let’s say the cost of reducing pollution is 11$ for that company and they paid my dog 10$ to buy those credits to continue polluting...
Now let’s say company B came along and their cost of reducing pollution is 13$, this company would be more than happy to pay 12$ to company A to buy those credits. Company A would now be happy to use $11 to actually implement technology to reduce emission and make a profit of 1$ through trading...
Yes giving credit to the wrong people in the first place means some unworthy ppl make some money but the system as a whole will still function as long as there is not an oversupply of these credits...
Your comment seems to be similar to the headline on tabloids.. Just because a technology could be used for negative purposes does not mean that it should not be developed.. If your reasoning was used, we should have all been living in caves by now..
By your reasoning Cars can be used by criminals to travel faster. A knife can be used to kill Electricity can be used to kill Computers can be used by the govt to collect more information abt us effectively
the writer seems to think encryption can solve this problem, encryption cant help here as the system is unable to communicate back to negotiate the setup, and if the signals are encrypted with a predetermined key it will be susceptible to replay attacks...
how different is this to a common radio channel telling its listeners that there's been a terrorist attack etc? the issue seems to be more of a hype than a real concern...
I see quite a few comments on how the development of such technology is a threat to the human civilization, but on the contrary it can mean that "humanness" or what makes us humans (the way we think etc) can be propagated in the form of machines through the universe even after the end of our planet..
I don't think I will be less human if my mind/thought process were moved to an artificial system (say a robot) from my natural one, may be this is the next step in evolution, evolving away from flesh and bones...
During my final year we were given access to this system so that we could check if our project report "accidentally" contained large amount of text from other sources without proper referencing.. And I have to say that the system is quite good.. It just doesn't come up with a result of Plagiarized/Not Plagiarized, instead it marks out the content of the text which appear elsewhere.. so if you see a write up which has a few paragraphs of match with very few words changed in between, you can be pretty sure its plagiarized.. It even gives the title, author info date etc of the original writeup..
quite a useful tool if properly used by teachers, before this I have seen people submit work which were directly copied off the web/older reports...
My undergraduate project talked about the exact same idea... tracking moving objects and people and associating crossed paths (which could be used to indicate if they knew each other etc).. my project information can be found at http://www.geekpursuit.com/ .
I never thought the govt would be so crazy to implement such an idea on large scale, except that it would be an interesting project for geeks.
Slashdot Mirror
Wow so much for being an advanced economy.. In India I can do instant transfer to any other account in the country using my phone and it's executed within minutes if not seconds.. works even on weekends and holidays... And it's almost free
Well actually a lot of agro products are exported, so looks like India might actually be feeding other countries
You make your rules, we make ours.. we don't run the country for the benefit of US companies.. the same way as the US
As it is companies like IBM, Accenture etc have more employees in India than in the US.. so yes entire dept will just move to India as it is happening now.. and they are not just servicing US market but the global market, so I dont think the US worker has the only 'right' to do those jobs
I used to work in the UK and it was crazy to see the amount of control the bank had on your finances in terms of blocking transactions etc.. here in India even if the bank suspects an illegal transaction occurring, the best they can do is report it but they have no authority to block or stop it unless a competent authority of the court asks them to..
Wow you guys live in the 1st world with stone age banking.. here in India I'm able to transfer and clear payment from any bank/account to any other bank/account within seconds (ok maybe 30 seconds) for free 24/7 even on a bank holiday.. I can also set up a virtual payment address similar to an email that will remain the same even if I switch banks and the virtual pmt address can be anything I want similar to email addresses..
Java is a big deal in the world of finance and banking for backend server applications.. We used to use Java for the backend and middle ware and .net for all UI requirements.
well the AADHAAR system you are talking about has multiple levels of authentication which include iris, fingerprint, OTP to your mobile and password.. and the system does not give out any of these information, any one can use the system to authenticate by the means they deem fit by submitting the authentication details to the AADHAAR service and it will get back with only a TRUE/FALSE response and nothing else.. so as a service provider you can decide the level of authentication required, a bank might decide to use IRIS+PIN where as a liquor shop is just happy to verify your age against your fingerprint.
well it's not ppl cheating but pilferage in the supply chain that has traditionally been very difficult to control.. ppl at present have multiple ID (pan number - a tax id) to dodge taxes etc, this new system would mean that a person can only obtain one ID as a match in finger print or iris will cause the 2nd id not to be issued and the PDS system would need to authenticate the user for each transaction before any benefits are given meaning it is a lot more difficult for intermediaries to just siphon off 50% of the product and just make fake entries in the book claiming they were disbursed as intended...
I used to deal with Wallmart as a supplier.. Their order management system and accounts is very inefficient. My deliveries routinely get lost in their system and my payments are missed with no proper way to track them.. I have stopped doing business with them as they refuse to acknowledge that I have made certain deliveries for which I have not received payment. Their stores are sometime unable to generate GRN due to system inefficiencies.. I don't trust their IT systems at all..
We experienced numerous well crafted phishing attacks, and had 1 person out of 5,800 click the link. That person immediately contacted security, and we reset all of their account data. That was 1 out of 5,800 once
or 1 out of 5,800 realised that they were being phished and many more never realised it...
good in the sense it is gaining legitimacy..
woosh.....
still information has to travel from one end to the other (to get informationfrom one exchange and place an order on the other) irrespective of where you are located on the path..
I do not want to directly oppose some of the misguided views here but I see a lot of hatred for HFT, finance etc but at a very basic level there should be no regulation or hindrance for 2 ppl to exchange value (trade) as long as they believe they are deriving some value out of the transaction they are being part of even if others believe that the transaction is of no benefit (after all who can decide what's of benefit or not).. The idea of trade (any form of trade or barter) from an individual perspective is not for the betterment of society but for their own good but the unintended consequence is advantageous to society as a whole.. People might hate globalisation, free flow of capital etc but there is no denying that the onslaught of globalisation has reduced global poverty but I agree this has been at the price of increased inequality... Increased inequality in my opinion is better than all being equally poor... And for ppl who would disagree that global poverty has reduced just check world bank data on all statistics such as nutrition, health care, life span, access to electricity, telecommunication etc and you will see all there has been a remarkable rise in these factor over the last 30 years all over the world...
So substituting a global tribalism for a local tribalism is better?
Yes it is better because in case of lobal tribalism, the other tribe is probably Martian and not human.
wonder if wikileaks was the proverbial flap of a butterfly's wing??
let me guess, you have never been to any sort of economics class ever.
It really does not matter who you give these credits, it will work as long as there is not an oversupply of them... Let’s say my dog is given some carbon credits, and company 'A' that's polluting would be willing to pay my dog for those 10 credits as long as it is cheaper than the cost of reducing pollution... Now let’s say the cost of reducing pollution is 11$ for that company and they paid my dog 10$ to buy those credits to continue polluting... Now let’s say company B came along and their cost of reducing pollution is 13$, this company would be more than happy to pay 12$ to company A to buy those credits. Company A would now be happy to use $11 to actually implement technology to reduce emission and make a profit of 1$ through trading... Yes giving credit to the wrong people in the first place means some unworthy ppl make some money but the system as a whole will still function as long as there is not an oversupply of these credits...
Your comment seems to be similar to the headline on tabloids.. Just because a technology could be used for negative purposes does not mean that it should not be developed.. If your reasoning was used, we should have all been living in caves by now..
By your reasoning
Cars can be used by criminals to travel faster.
A knife can be used to kill
Electricity can be used to kill
Computers can be used by the govt to collect more information abt us effectively
Is that really what we want?
see the flaw in the logic?
the writer seems to think encryption can solve this problem, encryption cant help here as the system is unable to communicate back to negotiate the setup, and if the signals are encrypted with a predetermined key it will be susceptible to replay attacks... how different is this to a common radio channel telling its listeners that there's been a terrorist attack etc? the issue seems to be more of a hype than a real concern...
ohh boy he's been chek mated..
I see quite a few comments on how the development of such technology is a threat to the human civilization, but on the contrary it can mean that "humanness" or what makes us humans (the way we think etc) can be propagated in the form of machines through the universe even after the end of our planet.. I don't think I will be less human if my mind/thought process were moved to an artificial system (say a robot) from my natural one, may be this is the next step in evolution, evolving away from flesh and bones...
During my final year we were given access to this system so that we could check if our project report "accidentally" contained large amount of text from other sources without proper referencing.. And I have to say that the system is quite good.. It just doesn't come up with a result of Plagiarized/Not Plagiarized, instead it marks out the content of the text which appear elsewhere.. so if you see a write up which has a few paragraphs of match with very few words changed in between, you can be pretty sure its plagiarized.. It even gives the title, author info date etc of the original writeup.. quite a useful tool if properly used by teachers, before this I have seen people submit work which were directly copied off the web/older reports...
My undergraduate project talked about the exact same idea... tracking moving objects and people and associating crossed paths (which could be used to indicate if they knew each other etc).. my project information can be found at http://www.geekpursuit.com/ .
I never thought the govt would be so crazy to implement such an idea on large scale, except that it would be an interesting project for geeks.