DTI, DICT tap blockchain firm

MONSOON Blockchain Storage, Inc. has partnered with two government agencies to provide support and consultancy services on how to leverage blockchain technology in various areas of operations.

On Wednesday, the US company signed two separate memoranda of agreement with the Department of Trade and Industry (DTI) and the Department of Information and Communications Technology (DICT).

Monsoon will provide both agencies with complimentary consultation, advice, cost-benefit and socioeconomic analysis on the use of blockchain technology in the Philippines and its impact on trade, regulations, and service delivery.

The company will conduct a needs assessment, and recommend an actionable proposal on how DTI can utilize effectively the blockchain technology on its programs and projects.

The end goal is to implement a government system where transactions and processes can be conducted online with the assurance of transparency and security that blockchain is capable of providing.

The blockchain is a decentralized public ledger where details of all transactions made on nodes or computers are verifiable and cannot be easily tampered with.

With this, the blockchain also offers a viable option to store data amid the massive growth in an age of zettabyte-capable storage creation.

The DTI sees the technology helping the government fulfill its commitment to streamline processes, particularly in business registration, from the national agency down to the municipal level.

“We would like to see how we can maximize this system so it is this partnership we are banking on so we can deliver our services to the people,” Trade Secretary Ramon M. Lopez said in a press briefing in Makati City on Wednesday.

The Trade chief is also looking at how blockchain technology can help small and medium enterprises improve operational efficiency.

Monsoon CEO and co-founder Donald Basile said the company decided to enter the Philippines because of the government’s willingness to adopt the technology.

“The government here has chosen to embrace the fourth industrial revolution. So you want people who want to take that technological leap,” Mr. Basile said in an interview yesterday.

He noted integrating blockchain in major government projects such as the national ID system can lead to the technology’s integration in government projects and programs.

“The (national) ID system will be one of the foundations of blockchain. The creation of that on blockchain I think will be an enabling technology,” Mr. Basile added.

Privacy concerns have been raised over the national ID system, but the government assured that security measures are in place. Monsoon is present in Japan, South Korea and in some parts of Europe. — Janina C. Lim

DICT signs deal with US-based firm for promotion of blockchain tech

MANILA – The Department of Information and Communications Technology (DICT) on Wednesday signed a deal with a US-based firm for promotion of blockchain technology in the country.

Under the deal, American company Monsoon will provide complimentary consultation, cost-benefit and socio-economic analysis on the use of blockchain in the country, the DICT said in a statement.

“This partnership will directly benefit our continuous effort to address the country’s issues on ease of doing business and cybersecurity,” Acting Secretary Rio said.

Media Advisory: MOA Signing and Press Conference Between DTI and Monsoon Blockchain Storage Inc.

The Department of Trade and Industry (DTI) respectfully invites the members of the media to witness the Memorandum of Agreement (MOA) Signing between DTI and Monsoon Blockchain Storage Inc. on Wednesday, 19 June 2019, 9:30 AM at the Board of Investments Penthouse in Makati City. The MOA Signing will immediately be followed by a Press Conference.

The signing and press conference will be led by Trade and Industry Secretary Ramon Lopez and Monsoon Blockchain Storage Inc CEO Dr. Donald Basile. They will be joined by DTI-Competitiveness and Innovation Group Undersecretary Rafaelita Aldaba, Monsoon Blockchain Storage Inc Southeast Asia Strategic Alliances Consultant Gracie Walker, and Multisys CEO David Almirol, Jr.

Major Partnership of Companies Unveils the Premier Global Provider of Blockchain-based Data Storage Optimization

Today an international consortium of three companies in the fields of data storage and photonics technology convened in Seoul to announce the successful launch of the world’s first live global provider of blockchain-based data storage optimization that arbitrages cost-savings for its clients across cloud-based servers and providers at the highest level of data security. Earlier this month, the companies held a meeting at the New York Stock Exchange to discuss their plans. The first-of-its-kind partnership includes US-based Monsoon Blockchain Storage Inc. (“Monsoon”), Netherlands-based photonics technology innovator LioniX International (“LioniX”), publicly-listed South Korean electronic components company MagicMicro Co. Ltd. (KOSDAQ: 127160.KQ) (“Magic”), and is sponsored by US-based Broadline Capital (“Broadline”), the global alternative investment firm.

Monsoon meets demands of the 4th Industrial Revolution by linking cloud optimization with blockchain technology

Data storage capacity needs are doubling every one to two years. What happens every minute on the internet creates the need for massive data storage.

The opportunity that cloud computing provides to business has led to a shift in I.T. from traditional models to cloud models. This shift will hit over USD 1 trillion annually over the next decade. It is for this reason that businesses have been prompted to establish relationships with multiple cloud providers across numerous geographies, in addition to maintaining some of their own hosted or co- located I.T. capabilities by this shift, and this is playing out very well for many companies – Amazon being a very good example. In fact, as of the end of the 2nd quarter of 2018, 55% of Amazon’s consolidated operating income is currently coming directly from their Cloud data storage business or AWS.

Monsoon Cloud Optimization With Blockchain Technology

Data storage capacity needs are doubling every one to two years. What happens every minute on the internet creates the need for massive data storage. The opportunity that cloud computing provides to business has led to a shift in I.T. from traditional models to cloud models. This shift will hit over USD 1 trillion annually over the next decade.

At a recent media forum held in Sofitel Hotel in Manila, Monsoon Blockchain Storage USA (“Monsoon”) was formally introduced to the Philippine market. Monsoon is a blockchain-based decentralized protocol that aims to construct a worldwide storage and cloud optimization network of users and providers based on their innovative technology which distributes more than ample storage and optimizes the cloud.

The event was spearheaded by Monsoon’s Chairman and Co-founder Michael J. Woods, former CEO of the prestigious Rothschild & Co. Asset Management Inc., USA, and a world-renowned finance expert; and, Gracie Llana-Walker, the former Director of Technology for the Archdiocese of LA and Montebello USD and an active community leader, who was appointed as Monsoon’s Southeast Asian Consultant for Strategic Partnerships.

During the event, Mr. Woods discussed global investment trends, cloud-based storage solutions and wealth management. He also identified a number of challenges that currently exist with the movement to cloud computing; albeit having unlocked a vast number of opportunities as well. He also stressed that investors should not only consider these trends and usage growth but also to take action upon them in some way.

Monsoon seeks to address the two main limitations of cloud computing, namely:  A centralized network of servers and limited optimization of data cost correlated to data usage.

Monsoon’s goal is to solve limited cloud optimization technology by optimizing client data storage across multiple cloud-based providers. At the same time, Monsoon’s blockchain security protocol solves many security risks inherent in cloud computing.

Atty Raji Mendoza of Mendoza, Anterro & Associates law firm, however, raised his concern on whether this sector should be more regulated or not, since some economic zones offering Fintech opportunities have tightened the noose by requiring these companies to be backed up by hard assets, among other conditions. These restrictions, however, seem to run contrary to its nature of decentralized transactions.

Ardy Mejorada, Secretary of World Blockchain Organization (WBO), ASEAN, an organization registered under the United Nation Economic and Social Council (UN ECOSOC), welcomed the entry of Monsoon in Manila and said “We look forward to collaborating with the company in sharing best practices and disseminating the effective adoption of blockchain in general via the Monsoon company.”

“With the vast demands presented by the digital era, Monsoon, through its seasoned management team, specialized engineering team, and industry partners such as IBM, is more than prepared and able to help businesses manage the explosion of data created and stored into their cloud-based systems and link them to our blockchain technology platform so they can keep stride with the 4th Industrial Revolution,” said Monsoon’s Chairman and Co-founder Michael J. Woods, former CEO of the prestigious Rothschild & Co. Asset Management Inc.

It is for this reason that businesses have been prompted to establish relationships with multiple cloud providers across numerous geographies, in addition to maintaining some of their own hosted or co-located I.T. capabilities by this shift, and this is playing out very well for many companies – Amazon is a very good example. In fact, as of the end of the 2nd quarter of 2018, 55% of Amazon’s consolidated operating income is currently coming directly from their Cloud data storage business or AWS.

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Decoding the Wealth Mystery: IPDN to Host International Capital Forum

CHICAGO, Nov. 30, 2018 (GLOBE NEWSWIRE) — Professional Diversity Network, Inc. (NASDAQ: IPDN), a global developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals, plan to host its second annual International Capital Forum at the Empark Grand Hotel in Beijing on December 1st, 2018. About 1,000 business professionals are expected to attend this year.

The theme of the forum is “Decoding the Wealth Mystery”. Co-organized by IPDN and its partner China Fortune Media Group, this year’s forum will feature keynote speaker Michael Woods. Mr. Woods is the former Chief Executive Officer and Chief Operating Officer of Rothschild & Co. Asset Management Inc. in North America, and he is now Chairman and Co-Founder of Monsoon Blockchain Storage Company. He will deliver a keynote speech on “Global Wealth Strategies in the New Economy”.

A group of government officials, leading scholars and business elites are also invited to speak and discuss trending topics, including cross-border investment, individual, family and business wealth management and asset allocation, blockchain technology, semiconductor strategy, and business opportunities offered by the changes in the financial industry around the globe.

Star Jones, U.S. TV personality and President of IPDN, along with Michael Wang, CEO of IPDN, will co-host a private reception and dinner on the evening of December 1 for China’s top business leaders, government officials, leading entrepreneurs and influential thought-leaders. James Song, Executive Chairman of IPDN, James Kirsch, Non-Executive Chairman of IPDN and Stephen A. Orlins, president of the National Committee on United States-China Relations will participate the event.

“Currently under meticulous preparations, this international forum will bring together world-class scholars, star entrepreneurs and seasoned investors,” said Michael Wang, CEO of IPDN. “With a special focus on family office and wealth management this year, we are expecting to bring fresh observations and insights of this heavily talked about topic. More importantly, in addition to helping our members of the Business Club on international M&A, investment, and financing, we are providing them resources on wealth management and preservation for family and business, which will bring in new revenue stream and profits to the company.”

“We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before. It will no doubt create a “new economy,” said Star Jones, President of IPDN. We are thrilled Michael Woods will bring his unique expertise to our international forum.

“The 4th Industrial Revolution impact on businesses has developed over the past few years from the corporate investment and research stage into an infrastructure implementation and revenue impact stage. This implementation stage is already having a dramatic impact on society as a whole. I applaud IPDN’s management team and Star Jones’ focus during this international forum to shine a spotlight on the incredibly fast movement of technology enhancements which significantly impacts us all.” Said Michael Woods, Chairman and Co-Founder of Monsoon Blockchain Storage Company.

Last year, IPDN successfully launched its first annual International Capital Forum in Beijing. Mr. Bruce Aust, Vice Chairman of Nasdaq and Mr. Stephen Orlins, President of the National Committee on United States-China Relations, were invited to give keynote addresses along with a group of Chinese business leaders. The Forum was well received and drew over 4000 paid participants both in person and online from around the globe.

About Professional Diversity Network
Professional Diversity Network, Inc. (NASDAQ: IPDN) is a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse professionals. We operate subsidiaries in the United States and China including International Association of Women (IAW), which is one of the largest, most recognized networking organizations of professional women in the country, spanning more than 200 industries and professions. Through an online platform and our relationship recruitment affinity groups, we provide our employer clients a means to identify and acquire diverse talent and assist them with their efforts to comply with the Equal Employment Opportunity Office of Federal Contract Compliance Program. Our mission is to utilize the collective strength of our affiliate companies, members, partners and unique proprietary platform to be the standard in business diversity recruiting, networking and professional development for women, minorities, veterans, LGBT and disabled persons globally.

IR Contact:
Dragon Gate Investment Partners, LLC
Tel: +1 (646)-801-2803
Email: ipdn@dgipl.com

With Monsoons Of Data, Healthcare’s Salvation Just May Be Blockchain

For almost a decade, hospitals have been waiting for Electronic Health Records to usher in a bright and shiny new era of standardization and high quality health care. But while federal laws and incentive programs have made health care data more accessible, the vast majority of hospital systems still can’t easily (or safely) share their data. As a result, doctors are spending more time typing than actually talking to patients. It’s literally burning them out. Physician burnouts jumped from 45 to 54 percent between 2011 and 2014, according to a Mayo Clinic study. What is the number one thing those doctors would change? Streamlining the EHR process.

Beyond this, closed book-keeping and medical record repositories prevent effective interoperability and collaboration between different healthcare providers, this is mission-critical for people who might be sick when traveling for instance or relocate and simply cannot retrieve basic medical records.

Getting the “it” right in what needs to change is about building patient-centric models in healthcare that can transform lives and unify disparate stories which enable a longitudinal health journal.  And the most popular strategy circulating among healthcare technologists is blockchain.

Shifting back to a quick refresher, blockchain is the distributed accounting platform that makes cryptocurrencies like bitcoin possible. While blockchain is best known for powering bitcoin, it’s really a generic tool to keep secure data in a distributed, cryptographically secure ledger—and control who has access to that ledger. Rather than having one central administrator that acts as a gatekeeper to data—a list of digital transactions—there’s one shared ledger, but it’s spread across a network of synchronized, replicated databases visible to anyone with access. Which gives it unprecedented security benefits. Hacking one block in the chain is impossible without simultaneously hacking every other block in the chain’s chronology. This makes blockchain incredibly appealing to the doctors and hospitals that need secure access to a patient’s entire health history.

In essence, something that was built and designed to control structures of finance is now solving the larger problems in the world. Consider that 20 percent of  the total US health expenditure is pure economic waste. So a technology that was principally built for finance is now being applied to solve some of the most prescient issues of our time.  With some of the most interesting rainmakers in healthcare below.