The Surge of eSports – Wall Street

Multiplayer Video Game Competition

The surge of interest in these organized, multiplayer video game competitions continues rapidly, to no one’s great surprise. eSports, short for electronic sports, is one of the growing industries in the world, with prizes totaling around $25 million up for grabs in some tournaments.

The multiplayer games are expected to show continued growth in future. Per a Statistica chart, eSports will become a billion-dollar industry by 2020, which will see their worth rise to around $1.65 billion. The rapidly growing number of digital native eSport fans who are continuously connected to the internet, the advent of technology which made it much easier for people to get involved with computer gaming, interest from media and tech giants, etc. are some of the factors that are expected to drive the eSports sector into the billion-dollar club.

If you are looking to get a better idea of what eSports are, this piece not only helps you understand what they are but also takes a look back at the games’ early days to enable you to learn how they became a professional video gaming industry watched by millions today.

What Are eSports ?

eSports are professional multiplayer video game competitions. Any video game with a strong competitive element is considered eSports. The competition models itself after traditional professional sports in several ways: it uses corresponding tournament formats, involves player contracts, and is governed by regulations. The athletes who compete in eSports competitions are gamers.

eSports are played between teams in arenas fitted with big screens so that followers can watch games comfortably. The most common game genres connected to this industry include First Person Shooter (FPS)Real Time Strategy (RTS), and Multiplayer Online Battle Arena (MOBA) games.

Some of the most popular eSports games include League of Legends (LoL), Hearthstone, Defense of the Ancients 2 (DOTA 2), Overwatch, Call of Duty, Counter-Strike: Global Offensive, and Starcraft. Fans can also stream eSports online via streaming services such as Twitch, Mixer, and YouTube Gaming.

How Did eSports Become So Popular ?

The history of eSports dates back to 1972 when some Stanford University students competed in the Intergalactic Space War Olympics for the opportunity to win a 1-year subscription to the Rolling Stone Magazine.

eSports pretty much continued on the rather quiet path until the ‘80s when competitions like the Space Invaders Championship shot them to the spotlight. 2002 marked the beginning of a new era for the sport and laid the foundation for what eSports would become thanks to the release of the Xbox live, which brought online play to consoles. Halo 2 became the first game to be shown on national television for Major League Gaming in 2004, paving the way for eSports to become a global phenomenon.

Today, eSports are growing at a rapid pace thanks to advances in technology and the arrival of streaming services like Twitch which have exposed video game competitions to a new audience due to their extensive reach.

To understand how much impact Twitch has made, data from gaming analyst group Newzoo show that eSports global audience increased 43 percent from 204 million to 292 million between 2014 and 2016. Interestingly, this coincides with Amazon’s acquisition of Twitch in 2014 and its effort to make the competition a spectator sport. In a related development, data from research firm SuperData say eSports drew 258 million unique viewers in 2017 alone.

Several investors continue to show interest and are actually investing in the sport. This fact, coupled with the continual efforts of developers to improve gaming experience, prove that eSports are here to stay and are headed to the very top. What is in store for you in the future!

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The Future of Cryptocurrencies in Banking

Cryptocurrency and Blockchain

Cryptocurrency and its underlying blockchain technology seem to be slowly but surely gaining acceptance in many sectors seeking speed, low fees, and a connection with the digital generation. Thanks to their decentralized nature, cryptos give power to the individual, ensure access for everyone (including the unbanked), and grant users control over their digital future. For most adopters, these are the major draw.

But that is not to say that the journey has been smooth and sailed. Digital currencies have had their fair share of challenges and failures since bitcoin launched in 2009. More so, their volatility, exposure to manipulation, and use in illegal trade (drugs, illegal pornography, hacks, and thefts, etc.) still constitute a problem. Despite them, however, many still believe cryptos have a bright future in the banking sector.

An Evolving System

The evolution of cryptocurrencies has the potential to be revolutionary. Digital currencies are seen in many quarters as having all the ingredients necessary to challenge some more legacy business models in banking.

Powered by the blockchain technology, cryptocurrency transactions are registered in a verified ledger system, which enables individuals and financial organizations to transfer funds in a secure and traceable way. As a result, their application in banking will help build trust in the financial services arena.

While most of the commentary regarding the future of cryptocurrency has emphasized the threat to established bank models and how they’ll remove the need for intermediaries, new cryptos are being developed to serve as regular money within traditional financial institutions.

These new “currencies” do not behave like speculative bubbles or securities. Instead, what developers are trying to achieve is make these tokens function as a medium of exchange in much the same way as fiat currency.

A good example of such currencies is the SOV, the Marshall Islands’ very own cryptocurrency, which will be distributed as legal tender alongside the U.S Dollar. A report on Reuters said the SOV will be issued to the mass public via an Initial Coin Offering (ICO).

Russian Releasing Cryptoruble

In a related development, Russia is also pondering the release of Cryptorubble, a state-controlled digital currency to serve as an intermediary instrument that will facilitate the exchange of goods and services.

In the Middle East, the Central Banks of the United Arab Emirates and Saudi Arabia are already taking steps to develop a cross-border cryptocurrency exchange to facilitate the buying and selling of items between the two countries.

Asset-Backed Tokens to Become Mainstream

Meanwhile, it is believed that banks could use digital currencies to buy, sell, and trade goods by backing tokens with real assets in the future. Asset-backed tokens offer benefits such as the securitization of assets, liquidity, ownership rights, lowered volatility of crypto assets, among others.

The LendingCoin (TLC), a real-estate backed cryptocurrency token, is a good example of such tokens. Investments in TLC “…are backed by the refinancing of commercial property with proven value,” according to the Lending Coin website.

Asides refinancing the real estate, the Lending Coin will branch out to other sectors of the real estate market like residential properties, which could potentially disrupt traditional mortgage payments and home refinancing.

Outside of real estate, asset-backed tokens will have applications in industries such as art, gaming, and will help ensure self-sovereignty by giving individuals complete control of their information.

 

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The XY Oracle Network / Cryptographic Location Network

 

Initial Coin Offerings

Initial Coin Offerings (ICOs) have changed the world of venture capital and continue to offer a new way to raise money. The massive increase in the value of cryptocurrencies and the incredible power of the blockchain, decentralization, and tokenization continue to drive the growth of ICOs in recent times.

This has led to the explosion of applications, platforms, and technologies being launched into the crypto space. Of these, one specific project could prove to be significant and revolutionary: the XY Oracle Network. In many quarters, the network is seen as having the capacity to remake the location tracking system. But what exactly is this platform and how will it bring changes?

What It Is

The XY Oracle Network is a secure, decentralized, and truly trusted proof of location system that connects the digital world to the actual world, thanks to its technology infrastructure which allows smart contracts to access the physical world. By so doing, the network’s ecosystem of devices tries to verify a node’s specific XY-coordinate and allow users to utilize apps that perform transactions in a Smart Contract.

Anything that needs to verify location data in any form can benefit from what the XY Oracle Network brings, as the blockchain-based platform was designed to ensure the accuracy and validity of location-related information.

The main aim of the XY Oracle Network is to build a consumer product business that is based on location and puts traditional location technologies like Bluetooth and GPS tracking beacons out in the actual world. Current use cases of this technology can be found in industries such as rental car agencies, logistics, and e-commerce, among others.

The native token of the XY Oracle Network is called the XYO. The token incentivizes both XYO holders and crypto-location miners, and at the same time ensures low transaction fees, proper liquidity, and long-term value.

Why It Matters

The world is becoming increasingly reliant on data owing to advances in technology. Think package delivery drones, self-driving cars, and smart cities, which all require location data to function effectively and efficiently. These innovations necessitate the introduction of a decentralized platform that can obtain location data from several different location-tracking devices.

Consequently, the XY Oracle Network looks to resolve this problem through the provision of trustless location data using an ecosystem of crypto-location technologies and protocols. The ability of XYO Network to change the face of location tracking system depends largely on a set of a mechanism of cryptography: Proof of Origin and Bound Witnesses.

Proof of Origin help ensures that the data being provided is valid and cannot be falsified. The concept of Bound Witnesses, on the other hand, guarantees that two different nodes were in proximity to each other, confirming that the component of the XYO network provided precise location data. Besides, four key elements help facilitate the delivery of accurate data on the XYO Network. They include Sentinels, Bridges, Archivists, and Diviners.

Where It’s Going

The ability of the XYO Network to provide accurate, verified, and tamper-proof location data has the potential to disrupt existing industries and change the world.

First, it will enable organizations to provide an autonomously verified ledger to monitor a shipment process from start to finish. Being a decentralized and trustless platform, the XYO network allows independent confirmation of delivery and delivery history. This makes it possible for e-commerce platforms to implement a pay on delivery system.

Second, the XYO Network will protect public safety and privacy through the creation of a universal location protocol for automated drones to make the drones publicly accountable in the event of a breach in security or personal privacy.

Third, the XYO Network will help create a culture of accountability in health care and reduce medical errors. Others include reduced risk of fraud in insurance, enhanced security of authorized firearms in high-risk areas, etc.

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The Best Cities to Visit in America

In a country where there is no shortage of Cities, it can be hard to pick the right ones to visit. Of course, there are the more obvious choices of New York and Miami who are all worthy contenders, but we’ve decided to look into some of the lesser known, or lesser appreciated cities that are well worth a visit while you’re in America. So without further ado, here’s our list. Sit back, relax, and let us take away all of the stress of picking out a location – all you have to do is sort out your airport parking and your flights!

Kansas City, Missouri

Kansas City has a little something for everyone. For those who are fans of the culture, take some time out to wander around the National World War 1 Museum, or the Negro Leagues Baseball Museum. For those who enjoy a bit of a drink, why not try some cocktails at Julep or drink your way through Westport. There are plenty of award-winning restaurants to choose from in all kinds of different cuisines, but make sure you try the barbeque food! Kansas City is perfect for foodies, and is one of the best lesser-known cities for its food, even beyond the amazing barbecue. With a nightlife to be proud of in addition, it really is worth the visit for anyone looking for a break to fill their stomachs.

Providence, Rhode Island

Providence is the perfect destination for lovers of arts and shopping – and they don’t have to be separate interests! Rhode Island School of Design’s museum of Art has over 84,000 objects housed on six floors, so if you have any interest in art, history or architecture, it’s well worth a visit. Similarly the Rhode Island State House is equally worth a visit for the same reasons. Head down to Westminister St. for shopping not unlike the things you’d find on Etsy, both artwork and items to add that little something extra and unique to your shopping experience.

Boulder, Colorado

One of the best things to do in Boulder, Colorado is to go hiking at Chautauqua. You could also go biking, trail running or rock climbing – only a few of the options that Boulder has to offer its visitors. The sun never stops shining though, so make sure that you have a good amount of sunscreen with you, even if you’re visiting in the winter. Boulder’s charms lay in its activities, its food and beer, the weather, and the fact that it is simply one of the most visually stunning places on this list. While it may not be the cheapest, it’s certainly worth the costs if you can afford them.

Portland, Oregon

Some of Portland’s strongest charms lay in its food and drink. It is possibly one of the best beer cities in the world, it holds its own in the forefront of food trends and all while staying affordable. This weird and wonderful destination is easy to get around, all while experiencing the best and worst the entire time. You could spend an entire day wandering around a single neighborhood, but it’s just as easy to find yourself in different neighborhoods all in a short space of time. You can go from boutiques and luxury, high-end stores, to walking through an area you feel far less comfortable in in a very short space of time, potentially even minutes.

 

 

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World Currencies of Low Value

 

World’s Lowest value Currencies Compared These to Cryptocurrencies

A currency is an essential symbol of value in any country, as it is a leading measure of economic health. Different currencies around the world have a different value. In some states, holding a fistful of dollars will make you feel quite rich owing to currency collapse.

In this post, we have compiled a list of some of the worst currencies based on their value to the US Dollar.

  1. Iranian Rial (IRR)

1 USD = 42,105 IRR

The Iranian Rial is currently the worst performing currency in the world. Its poor performance has been attributed to the economic and political uncertainty which continues to prompt panic buy of scarce dollars.

  1. Vietnamese Dong (VND)

1 USD = 23,202 VND

Currencies, they say, are a reflection of the economy they serve. The rowdy atmosphere, poor infrastructure, bribery and corruption, unnecessary regulations, taxes, and subsidies, etc., which characterize the Vietnamese political and economic scene have all contributed to the country’s shrinking currency. With Vietnam being a socialist-oriented market economy, it’s easy to see why this is the case.

  1. Indonesian Rupiah (IDR)

1 USD = 14,611 IDR

Despite having a relatively stable economy, geopolitical instability, which can be linked mainly to the Syrian crisis, still serves as a drag on the value of the Indonesian Rupiah.

Outside of politics and civil unrest, Indonesia lacks many raw materials needed for industry. As a result, it imports most of these materials from other countries, which weakens its currency relative to the hard-to-find dollars.

  1. Guinean Franc (GNF)

1 USD = 9,021 GNF

The Guinean Franc is the world’s fourth and Africa’s worst-performing currency. Experts attribute the weakness of this currency mainly to the high poverty levels in the West African country.

  1. Sierra Leonean Leone (SLL)

1 USD = 8550 SLL

As conflict and poverty continually ravage Sierra Leone, its currency continues to take a hit. The Leone has lost a significant portion of its value against the US Dollar due to civil disturbances, economic and political uncertainty, and inflation.

  1. Laotian Kip (Kip)

1 USD = 8,508

The value of the Laotian Kip was officially lowered from its issue date in 1952. Since then, however, the communist country has strengthened the value of the currency at different times in the past and continues to make efforts to boost its worth even though the IMF feels the currency is too strong given the nation’s large current account deficit.

  1. Uzbekistani Som (UZS)

1 USD = 7,774

Having suffered economic and market sanctions for over two decades, Uzbekistan devalued the Som in September 2017, with $1 valued at 8,100 Soms at the time. The currency has since been on the rise, as the nation’s new economic policy continues to attract foreign investment, setting it up for more gains.

  1. Paraguayan Guarani (PYG)

1 USD = 5,741 PYG

Poverty, corruption unemployment, and inflation, etc., which plague the Paraguayan economy on a massive scale, have caused the Guarani to be in free fall. Investors appear to be increasingly less willing to hold onto the currency for the reasons identified.

 

The Worlds Best Currencies

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How Millennials Are Managing their Money Differently

Millennials, or digital natives, as they are often called, have dominated news headlines in recent times thanks in large part to their unique makeup and thorough knowledge of technology.

They represent the largest generation in history and have substantial purchasing power. Such is their collective strength that millennials have already become a significant influence in shaping future trends.

Even though they aren’t afraid to put their purchasing power to use when the occasion calls, millennials continue to be the driving force behind change in finance matters. Below, we discuss how they manage their money differently from their elders.

  1. They use investing apps

Millennials are never far away from their smartphones. They use apps to track all the transactions and expenses they make on an everyday basis. Apps like Acorns encourage millennials to save by rounding up their purchases to the nearest whole-dollar and invest the difference in a diversified exchange-traded fund portfolio.

Another program, the Moneybox app, links to a user’s bank account, prompting them to round up digital transactions to the nearest pound, investing the funds into a stocks and shares Isa. M1 Finance, Robinhood, etc. are other apps millennials resort to for investment. Millennials desire convenience and control, investing apps give them that.

  1. They shop smarter

Millennials are strategic about how they save money and how they spend it. Most of them won’t make purchases unless they have read reviews from friends, peers, or strangers online. Smart and knowledgeable, they look over product specifications in detail to be sure an item is worth splurging on. They are careful about spending more than they have the budget for.

Millennials won’t stick around if they can get the same item for less elsewhere. Loyalty means nothing to them unless you recognize and reward them for it. The point is, millennials want to save every cent they can.

  1. They hustle on the side

After growing up during the great recession, millennials recognize the importance of an extra income stream. Creating multiple income streams allows them to diversify the various cash flow sources and decreases their risk of having their primary source of income suddenly dry up.

Freelancing platforms like Fiverr and Upwork offer them opportunities to put their skills to work and pick up some extra money on the side. A CNBC report states that around 51 percent of millennials in the US are running side hustles, with the most popular side hustles being home repair/landscaping and babysitting. A good number of millennials also buy and sell products online via e-commerce platforms like eBay, the report said.

  1. They prefer jobs that offer flexibility and personal time

In this electronic technology age, millennials do not want to spend all day sitting at the office desk for the sake of appearances. To win the hearts and minds of millennials, therefore, organizations will need to provide a flexible work schedule. Also, millennials tend to favor jobs that give them some personal time to work on personal projects.

The world of finance is continuously changing and evolving, with millennials at the heart of it.

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Top New Gadgets 2018 – Wall Street

 

Advancing Technology

From fancy watches to bookshelf speakers, rapidly advancing technology continues to spawn new uses and sophisticated gadgets that are being brought to the market on a constant basis. Such is the reality of our world today that you could spend a whole day nosing your way through shops that sell tech gadgets that could turn your home into a smart house.

Here are the top new gadgets that will put you on the cutting edge of tech and make your life a little nicer:

  1. FITBIT ALTA HR

The Fitbit Alta HR is a reliable fitness tracker that comes with enough battery juice to last you up to one week. It monitors your steps, periods of sleep, the number of calories burned, and heart rate. The wristband features an OLED display and syncs wirelessly to computers.

  1. NINTENDO NES CLASSIC EDITION

This Nintendo mini console takes you back to the old days by adding a classic taste to modern tech. It packs 30 classic 8-bit games, supports two-player games, and allows nostalgic gamers to connect to any TV via HDMI.

  1. SHINOLA BOOKSHELF SPEAKERS

The new Shinola Bookshelf Speakers are the result of a collaboration between Shinola and studio monitor specialists Barefoot Sound. The self-powered two-way speakers not only bring sound but also add color to your living room thanks to their neatly done hand-stained oak cabinets. They have been equipped with Bluetooth, AUX, and USB input to provide you with an array of options.

  1. DELL XPS 13 (2018)

Sleek. Impressive. Powerful. Enduring. This 13-inch laptop packs sufficient punch to conveniently handle anything you throw at it. The XPS 13 has a smaller body than nearly all laptops in its category with an almost bezel-less screen.

  1. SAMSUNG GALAXY S9+

If you need a device that offers something beyond existing standards and defines good quality, then you shouldn’t look past the Samsung Galaxy S9+. It may not seem that different from the S8+, but this smartphone is a class leader in its own right.

Being Samsung’s latest offering, the S9+ features a 6.22-inch infinity display with a revolutionary 2x zoom back camera that captures lifelike images. Its 3500mAh battery gives you up to 15 hours of internet use on Wi-Fi and 4G connections.

  1. APPLE TV 4K

Apple TV 4K is arguably the best streamer you will find on the market today. The gadget lets you watch your favorite shows in 4K HDR and offers remote and Siri voice options for a premium experience.

  1. SONOS PLAY:5

Wireless multi-room speakers don’t come greater than the Play:5. Sonos’ new offering not only fills your room with rich sounds but also links you to more than 80 streaming services worldwide.

You can connect the gadget to Amazon Echo or Dot. There’s a 3.5mm audio socket designed to enable you to connect a non-streaming audio device.

 

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Amazon Applies for Patent Protection for Its Real-Time Accent Translator

 

Amazon Audio System

Seattle-based American e-commerce and cloud computing company, Amazon has filed for a patent for its new audio system which detects and translates accents in real time, according to a Techcrunch report. The application tries to make accents easier to understand by adjusting a speaker’s voice to be similar to a listener’s accent.

If the innovation gets approved and is released in product form, it will make Amazon only one of several tech giants to introduce such functionality. The likes of Microsoft and Google have added such features to Skype and Google Translate respectively. Google’s Pixel Buds earphones also support the feature.

The Techcrunch report states that Amazon’s new program will be based on machine learning or aspects of machines. The machine learning methods involve individuals with a specific accent training different machines on speech for many hours. It is also believed that Amazon’s virtual assistant, the Amazon Alexa, with its global presence, will make the translation process faster and easier, thanks to a torrent of audio samples collected from smart devices like the Amazon Echo.

Amazon uses phone numbers, location data, as well as previous correspondence to identify the right accent to use. The application requires only a few words alongside previous accent data to detect how a user is likely to be speaking correctly. The speaker can also pick their accent manually.

An App Potentially Adaptable to Many Uses

If it ends up in a product form, Amazon’s real-time accent translator will have many applications. Users who travel far and wide and those who conduct international businesses could genuinely appreciate its ability to eliminate the accent barrier on the international scene.

Also, those who contact call center agents frequently will know how difficult it can be to understand some accents even if you speak the same language. The app will smoothen conversation, making it easier for a listener to understand what a call center agent is saying and vice versa.

A Dominant Player

The real-time accent translator patent signals Amazon’s intent to continue to expand its position in a market it already dominates. New data from the Consumer Intelligence Research Partners (CIRP) show that Amazon has captured a greater share (70%) of the US smart speaker market, which in itself is experiencing strong growth.

Google comes a distant second with 24 percent market share thanks to its Google Home device. Apple’s Homepod ranks third with just 6% of the smart speaker market. There’s no denying that Amazon’s two-year head start gave it a helping hand. With competitors still playing catch up, however, the real-time accent translator may help the e-commerce giant to establish itself in the market further if released.

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How Hard Is It to Get a Business Loan?

Small Business Loans

While getting a small business loan may not be easy, the fact is, small business loans are not as difficult to qualify for if you get the facts straight. It just takes knowing where and how to look. With the right tools in hand, most small businesses can find the money they need, but there are some things you need to know first. Whether you are an entrepreneur seeking money for a startup or a business that’s hit a rocky patch, there is money out there waiting to be borrowed, you just need to know how to find it. So then, how hard is it to get a business loan? It can be easier than you think. Consider the following.

Leave History in the Past Where It Belongs

A great number of business owners are reluctant to apply for business loans because historically any business with less than perfect credit was in danger of being denied. That further endangered their credit score because every time your credit score was searched by a creditor, you’d take what is known as a soft hit (soft inquiry). No, one or two soft hits won’t affect your credit much, but repeated soft hits will indicate to a prospective lender that something is wrong, and they may summarily deny you credit. However, that’s the past and let’s leave it where it belongs.

New Trends in Lending

Today’s lenders have much broader qualifying criteria, and this is why getting a small business loan may not be as tricky as you had been led to believe. Some lenders don’t even look at your credit score, believe it or not, because there are other things they are much more interested in. Your historical record of sales volume, for example, could be a major factor to some lenders. Perhaps your business model could be a significant factor for startups. Remember, like insurance, lenders consider risk before forking out the cash. Also, there are new types of loans which were not available only a decade or two ago. Invoice factoring is one such loan that is becoming much more prominent in recent years.

The Key to Finding the Right Lender

Unfortunately, a huge part of the problem is the amount of time it takes you to find the lender that has a loan based on your needs and who are willing to lend under your business’s conditions. Every application you make not only takes up the valuable time you could be spending working your company, but it also, as you remember, puts a soft hit on your credit report. Today there are loan search engines like that on https://www.lending-express.com that will match your needs with an assortment of lenders meeting your criteria. You can then choose to apply to one or all of them, but the footwork is done for you so that you can go on about the business of making money. That’s what you are in business for after all, isn’t it?

The key takeaway here is that there are lenders out there that will willingly take a chance on your business venture and while each lender sets its own standards, that loan may be easier to find than you think. Even so, do it the smart way. Begin by using a loan-matching platform that will put you in touch with at least a few lenders who may take the risk. One final point to remember is that you never want to pay for this service. Like the company mentioned above, no fee should be attached to the borrower. Let the lender handle that and you are good to go. Let them pay the commission! That loan is waiting, so go for it!

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Apple and Chinese Telecom Firms to Combat Spam with Machine Learning

Security Breaches in China

In an effort to fight spam, attempted security breaches, and protect their Chinese customers, Apple will employ sophisticated algorithms based on advances in the field of machine learning. The California-based tech giant is looking to enlist the help of Chinese telecom operators to identify messages by source, presumably. “We are in touch with telco companies to see what additional steps could be taken to reduce this inconvenience,” Reuters quoted an Apple spokesperson as saying.

Apple plans to use machine learning to determine whether a message is spam or not, cites a report from Reuters. The tools, which are being developed will also help bar fraudulent accounts from sending spam messages. An Apple spokesperson was quoted as saying, “We are currently working on additional ways to further reduce it, including more advanced machine learning models to identify it and more tools to block fraudulent accounts.”

The Crux of the Matter

Apple was forced to act when the official state broadcaster, worried by the growing volume of spam messages Apple users were receiving through the messaging app and in an attempt to protect citizens who are most vulnerable, accused the American multinational corporation of allowing gambling apps on their devices – gambling is illegal in China.

The allegation forced the US manufacturer to take more effective action against unsolicited messages, which potentially cheats people out of their money, lowers consumer confidence in online commerce, and threaten the digital economy.

The issue of spam and unsolicited calls is a common problem in China, where individuals can get phone numbers from black markets. So, the Apple situation isn’t an isolated one. In fact, spam problem is so rife in China that a Spam Laws content claimed spam grows faster than the Chinese population.

On its part, the Chinese government is making efforts to curb spam through an organization created explicitly for this purpose, the “China Anti-spam Alliance.”

Undefined Engagement Objectives

Apple partnering with Chinese telecom operators is a step in the right direction. However, it is not yet clear what possible role the telecom companies could play with regard to fighting spam, or how they could help the tech giant, bearing in mind that Apple’s native messenger, iMessage uses the manufacturer’s servers and all data communication between end users is encrypted with a secure encryption algorithm.

As mentioned, they would likely be asked to provide the tech giant with information regarding the identity of spammers to enable Apple to block the messages from source using advanced machine learning algorithms.

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