economics

The impact of blockchain, cryptocurrencies, and NFTs on the legal industry with Joseph Raczynski — from buzzsprout.com by the ABA Center for Innovation

Today we will discuss blockchain, cryptocurrencies, and NFTs and their impact on the legal industry. Joining us is an expert in all things blockchain and crypto, Joseph Raczynski. Joseph Raczynski is a Technologist & Futurist with Thomson Reuters.

Also see:

The Law Firm of the Future — from joetechnologist.com by Joseph Raczynski

Excerpt:

Attorneys look to precedent to solve today’s legal problems. “Steeped in tradition” is how we often describe the legal profession. As result, it’s no surprise that there is inherent tension between emerging technology and the legal profession. The American Bar Association’s 2020 TechReport, which surveys firms and tracks attorney use of technology in their practices, reported that only 7% of attorneys are using tech tools, such as Artificial Intelligence (AI), for document review and research. Firms with more than 100 attorneys are more likely to use AI, as well as firms that engage in mass tort litigation. Despite promises of increased efficiency, productivity, and profitability, a significant number of attorneys cite distrust of the technology and underlying algorithms.

Even though the legal services market is estimated to be a $1T industry globally, Forbes reports that it is also one of the least digitized…

The Short-term Credentials Landscape — from newamerica.org by Monique O. Ositelu, PhD, Clare McCann, and Amy Laitinen
What We See and What Remains Unseen

Abstract

Given the rapid growth in short-term programs, and policymakers’ fast-growing interest to invest federal higher education dollars into very-short-term credentials, we explore what the research does—and does not— show us about such credentials’ utility in the labor market. With concerns about equity, our review of the literature guides us towards caution, as a strong push for short-term certificates may run the risk of reifying socioeconomic stratification.

From DSC:
I wonder…will accreditation move towards the use of crowd-sourced methods? Similar to rating one’s driver or one’s experience with a product, will microcredentials get into more reviews and recommendations from the users of various learning/training-related sites and services?

Will users of a service comment on whether the credential helped them (with a salary increase, with practical knowledge, with an expanded scope of projects at work, etc.)?

21 jobs of the future: A guide to getting — and staying — employed over the next 10 years — from cognizant.com and the Center for The Future of Work

Excerpt:

WHAT THE NEXT 10 YEARS WILL BRING: NEW JOBS
In this report, we propose 21 new jobs that will emerge over the next 10 years and will become cornerstones of the future of work. In producing this report, we imagined hundreds of jobs that could emerge within the major macroeconomic, political, demographic, societal, cultural, business and technology trends observable today, e.g., growing populations, aging populations, populism, environmentalism, migration, automation, arbitrage, quantum physics, AI, biotechnology, space exploration, cybersecurity, virtual reality.

Among the jobs we considered, some seemed further out on the horizon and are not covered here: carbon farmers, 3-D printing engineers, avatar designers, cryptocurrency arbitrageurs, drone jockeys, human organ developers, teachers of English as a foreign language for robots, robot spa owners, algae farmers, autonomous fleet valets, Snapchat addiction therapists, urban vertical farmers and Hyperloop construction managers. These are jobs that younger generations may do in the further off future.

Also see:

Here are the top 10 jobs of the future — from bigthink.com by Robert Brown
Say hello to your new colleague, the Workplace Environment Architect.

Excerpt:

6. Algorithm Bias Auditor – “All online, all the time” lifestyles for work and leisure accelerated the competitive advantage derived from algorithms by digital firms everywhere. But from Brussels to Washington, given the increasing statutory scrutiny on data, it’s a near certainty that when it comes to how they’re built, verification through audits will help ensure the future workforce is also the fair workforce.

Chip funding of $50B would boost domestic jobs in construction, design, study says [Hamblen]

On 05/20/2021, in business, computer science, economics, legislatures / government / legal, marketplaces, society, workplace, by Daniel Christian

Chip funding of $50B would boost domestic jobs in construction, design, study says — from fierceelectronics.com by Matt Hamblen

Excerpt:

A new study projects a $50 billion federal investment in domestic chip plants would create 185,000 temporary American jobs and add nearly $25 billion to the U.S. economy each year until 2026 as new fabs are built.

The semiconductor industry currently employs 277,000 people in 49 states in the U.S. and supports 1.6 million U.S. jobs, according to the study by the Semiconductor Industry Association and Oxford Economics. In 2020, the industry’s total impact on the U.S. economy surpassed $246 billion.

Digital Dollar Project to launch five U.S. central bank digital currency pilots [Price]

On 05/03/2021, in business, economics, society, tools, United States, by Daniel Christian

Digital Dollar Project to launch five U.S. central bank digital currency pilots — from datafloq.com by Michelle Price

Excerpt:

WASHINGTON (Reuters) – The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States.
…
A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project was created last year to promote research into a U.S. central bank digital currency (CBDC).
…
CBDCs are the digital equivalent of banknotes and coins, giving holders a direct digital claim on the central bank and allowing them to make instant electronic payments.

Blockchain 50 2021 [del Castillo]

On 04/15/2021, in 21st century, Blockchain, business, change, corporate / business world, economics, entrepreneurship, global / globalization, workplace, by Daniel Christian

Blockchain 50 2021 — from forbes.com by Michael del Castillo
(From DSC: I missed this one…yet wanted to get this out there.)

Excerpt:

No longer dismissed as a haven for criminals and drug dealers, Bitcoin and blockchain have gone mainstream. Bitcoin’s 2020 surge grabbed the attention of C-suite executives worldwide; not only are companies employing the technology underlying Bitcoin to perform tasks such as reconciling invoices and verifying product provenance, but dozens are now holding Bitcoin as a treasury asset. Our third annual Blockchain 50 features companies that lead in employing distributed ledger technology and have revenue or a valuation of at least $1 billion. Twenty-one newcomers—including the world’s largest bank, the Industrial and Commercial Bank of China, and four others from Asia—make their debut. They take the spots of such U.S. companies as Facebook, Google, Amazon and Ripple, all of whom are still active in blockchain but kept lower profiles in the space over the past 12 months.

Harvard and its peers should be embarrassed about how few students they educate [Selingo]

On 04/13/2021, in economics, higher education, parents, society, trends, United States, universities, by Daniel Christian

Harvard and its peers should be embarrassed about how few students they educate — from washingtonpost.com by Jeff Selingo
Their minuscule admissions rates are a sign of failure, not success.

Excerpt:

Harvard’s announcement this past week that its acceptance rate fell to an all-time low of just 3.4 percent will be viewed by some alumni as a triumph — a sign of their alma mater’s popularity and prestige among high school grads. And some alumni of elite institutions like Yale (4.6 percent), Brown (5.4 percent) and Princeton (4 percent) may feel the same glow of pride. In actuality, these numbers are signs of institutional failure.

That some 55,000 applicants were denied the chance to attend Harvard — which, with its $42 billion endowment, is fully capable of serving more than 1,640 students in an incoming class — is no cause for celebration. Instead, the ever-declining proportion of applicants accepted at such top-ranked universities should spur them to consider making their freshman classes substantially larger. Such a move would be especially appropriate — and, perhaps, more imaginable — after a pandemic year when universities across the country have had to reconceive education in a multitude of ways.

From DSC:
I couldn’t agree more. These types of schools should pursue a much more noble goal and seek to educate the masses. Make far larger contributions in order to make the world a better place to live in. Open up the doors. Stop recreating the caste system we have in the U.S.

Also see:

The Endless Sensation of Application Inflation — from chronicle.com by Eric Hoover

Excerpt:

The numbers get bigger each year. Now they’ve reached a mesospheric level of madness.

Yes, we’re talking about application totals at highly selective colleges, a fixation for a jittery subset of the planet. In the 2020-21 admissions cycle, many of the final tallies broke records — and, surely, record numbers of hearts. The more applicants that apply to a hyper-competitive college, the more rejections it must deliver.

But what do such metrics really tell us? What, if anything, does the annual OMG-ing over these statistics add to up to? Let’s pause here and remember that application inflation isn’t new: Acceptance rates at many institutions have been plummeting for years. Also, a 35-percent increase like the one Tufts University just saw didn’t mean there was a 35-percent increase in highly qualified applicants with a prayer of getting in, or a 35-percent increase in applicants who meet each of the institution’s many needs.

Bitcoin – The Currency Of The Future [Javaid]

On 03/28/2021, in 21st century, 24x7x365 access, economics, emerging technologies, future, global / globalization, society, by Daniel Christian

Bitcoin – The Currency Of The Future — from bitrebels.com by Faizan Javaid

Excerpt:

In its relatively short lifespan, Bitcoin has managed to grow from only a small movement of computer fanatics, Cypherpunks, and cryptographers into an increasingly mainstream phenomenon. Not only that but it is supported by a blueprint and ethos that could very well lead to a redesign of the internet and the financial system we know today. In its wake, many financial analysts, supporters as well as skeptics seem to be faced with the same question: Could Bitcoin be the currency of the future?

From DSC:
I like the last sentence. That should have been the title of the article — i.e., “Could Bitcoin be the currency of the future?”

The Art World Goes Blockchain [David Pierce]

On 02/24/2021, in art, Blockchain, business, creativity, economics, by Daniel Christian

The Art World Goes Blockchain — from protocol.com by David Pierce

Excerpt:

The NFT explosion is tied up in the rise of Bitcoin and other cryptocurrencies, which is tied up in a general frenzy of investment, and so who knows what will eventually crash when the rest of it does.

But there’s something here. You probably don’t want to spend half a mil on a Pop Tart cat, but the idea that digital goods can be authenticated and verified — that you might someday buy a GIF the same way you buy a painting or a Rolex — is transformational.

The next normal arrives: Trends that will define 2021—and beyond — from mckinsey.com by Kevin Sneader & Shubham Singhal

Excerpts:

The next normal is going to be different. It will not mean going back to the conditions that prevailed in 2019. Indeed, just as the terms “prewar” and “postwar” are commonly used to describe the 20th century, generations to come will likely discuss the pre-COVID-19 and post-COVID-19 eras.

2021 will be the year of transition. Barring any unexpected catastrophes, individuals, businesses, and society can start to look forward to shaping their futures rather than just grinding through the present.

In this article, we identify some of the trends that will shape the next normal. Then we discuss how they will affect the direction of the global economy, how business will adjust, and how society could be changed forever as a result of the COVID-19 crisis.

DC: The debt from obtaining a degree can last for decades these days. How can institutions of traditional higher education be part of the solution here and not part of the problem?https://t.co/UfOopD3RLI #highereducation #futureofhighereducation #60yearcurriculum

— Daniel Christian (he/him/his) (@dchristian5) December 30, 2020

#survivingcovid19 #reinvent #highereducation #futureofhighereducation #60yearcurriculum #costofhighereducation #alternatives #innovation #learningfromthelivingclassroom and many more

A ‘Great Cultural Depression’ Looms for Legions of Unemployed Performers [nytimes.com]

On 12/27/2020, in art, business, change, changing business models, communities of practice, creativity, drama/theater, economics, legislatures / government / legal, reinvent, society, surviving, trends, United States, by Daniel Christian

A ‘Great Cultural Depression’ Looms for Legions of Unemployed Performers — from nytimes.com
With theaters and concert halls shuttered, unemployment in the arts has cut deeper than in restaurants and other hard-hit industries.

Excerpt:

During the quarter ending in September, when the overall unemployment rate averaged 8.5 percent, 52 percent of actors, 55 percent of dancers and 27 percent of musicians were out of work, according to the National Endowment for the Arts. By comparison, the jobless rate was 27 percent for waiters; 19 percent for cooks; and about 13 percent for retail salespeople over the same period.

Also see:

Actors and Writers and Now, Congressional Lobbyists — from nytimes.com
Be an #ArtsHero started with a failed effort to extend unemployment benefits. It’s gone on to be a prime proponent of the message: Cultural work is labor.

How COVID-19 Hollowed Out a Generation of Young Black Men [Johnson & Martin]

On 12/27/2020, in economics, health, society, sociology, by Daniel Christian

How COVID-19 Hollowed Out a Generation of Young Black Men — from propublica.org by Akilah Johnson and Nina Martin
They were pillars of their communities and families, and they are not replaceable. To understand why COVID-19 killed so many young Black men, you need to know the legend of John Henry.

Excerpt:

While COVID-19 has killed 1 out of every 800 African Americans, a toll that overwhelms the imagination, even more stunning is the deadly efficiency with which it has targeted young Black men like Bates. One study using data through July found that Black people ages 35 to 44 were dying at nine times the rate of white people the same age, though the gap slightly narrowed later in the year. And in an analysis for ProPublica this summer using the only reliable data at the time accounting for age, race and gender, from Michigan and Georgia, Harvard researcher Tamara Rushovich found that the disparity was greatest in Black men. It was a phenomenon Enrique Neblett Jr. noticed when he kept seeing online memorials for men his age. “I’ll be 45 this year,” said the University of Michigan professor, who studies racism and health. “I wasn’t seeing 60- and 70-year-old men. We absolutely need to be asking what is going on here?”

Our efforts led us to a little-known body of research that takes its name from one of the most enduring symbols of Black American resilience.

DC: This is not right! When will there be justice?! We need to help Native American colleges, universities, & communities out!

On 12/04/2020, in Access to Justice (A2J), adjunct faculty, Amazon, Apple, business, change, cloud-based computing / apps / other cloud-related, collaboration, colleges, community colleges, content development, corporate / business world, culture, dangers of the status quo, Daniel S. Christian, digital equity, digital learning, economics, education, education reform, education technology, ethics, Facebook, faculty, faith, funding / grants, future, future of higher education, geography / geology, Google, health, higher education, history, homeschooling/homeschoolers, human-computer interaction (HCI), ideas, innovation, internet, IT in HE, K-12 related, leadership, learning, learning ecosystem, Learning from the Living [Class] Room, learning hubs & pods, learning spaces, legislatures / government / legal, lifelong learning, Michigan, Microsoft, mobile technologies, MOOCs -- Massive Open Online Courses, morals/values, new media literacies, online learning, platforms, policy, pooling resources, remote teaching and learning, society, student-related, surviving, technologies for your home, telecommunications, ubiquitous learning, United States, universities, vendors, videoconferencing, virtual field trips, virtual K-12 schools, Virtual Reality (VR) / worlds / learning, vision/possibilities, web-based collaboration, youth, by Daniel Christian

The Digital Divide for Tribal College Students — COVID, CARES Act, and Critical Next Steps — from diverseeducation.com

Excerpt:

In this episode staff writer Sara Weissman shares a story that focuses on the digital divide for Native Americans by bringing in voices of tribal college leaders and their students during the COVID 19 pandemic.

Many don’t know but Native American colleges and universities have long struggled with the worst internet connectivity in the nation while ironically paying the highest rates for service. Hear first-hand how students from Diné College and other institutions are currently affected. Carrie Billie (Big Water Clan), President & CEO of the American Indian Higher Education Consortium (AIHEC) and Dr. Cynthia Lindquist (Star Horse Woman), President of Cankdeska Cikana Community College in North Dakota, break down the data and lay out critical next steps necessary to address the digital divide.

Many don’t know but Native American colleges and universities have long struggled with the worst internet connectivity in the nation while ironically paying the highest rates for service.

From DSC:
When will there be justice!? Let’s join in and make amends and provide the funding, concrete assistance, products, and services to Native American colleges, universities, and communities. Some potential ideas:

For the short term, could there be Loon balloons deployed immediately to provide free and stronger access to the Internet?

Could our Federal Government make amends and do the right thing here? (e-rate program, put Internet access in, make policy changes, offer more grants, other?)
Could Silicon Valley assist with hardware and software? For example:
- Can Apple, HP, Microsoft, and others donate hardware and software?
- Can Zoom, Adobe, Cisco Webex, Microsoft Teams, and others donate whatever these communities need to provide videoconferencing licenses?
Could telecom providers provide free internet access?
Could MOOCs offer more free courses?
Could furniture makers such as Steelcase, Herman Miller, and others donate furniture and help establish connected learning spaces?
How might faculty members and staff within higher education contribute?
How could churches, synagogues, and such get involved?
Could the rest of us locate and donate to charities that aim to provide concrete assistance to Native American schools, colleges, universities, and communities?

We need to do the right thing here. This is another area* where our nation can do much better.

* Here’s another example/area where we can do much better and make amends/changes.

Addendum on 12/7/20:

How to Implement Long-Term Remote Learning in a Rural Area— from techlearning.com by Ray Bendici

New York, NY – November 26, 2020 – The Intercept has published a video investigation by filmmaker Emily Cohen Ibañez on the impact of the switch to remote learning –– and the Coronavirus pandemic –– on students in an agro-industrial town (Watsonville, CA) and an affluent Bay Area suburb (Pine Hills, CA).

The Intercept: https://theintercept.com/2020/11/25/remote-learning-school-education-covid/

YouTube link: https://youtu.be/7_YoSFNe2lM

“Life at Watsonville High was fast-paced, full of a lot of energy, a lot of really amazing students,” said Dr. Sara Roe, an English Learner Coach at Watsonville High. “Watsonville High is 98 percent Latinx, Latino, Latina. We are made up of a higher percentage of first-generation students. Socioeconomically, we’re predominantly a low-income area, so 100 percent of our students receive free and reduced lunch, and most likely, their parents or someone in their family has worked in the fields or is currently working in the fields.”

“If we thought then that kids had social, emotional challenges, their needs weren’t being met in particular ways,” said Dr. Roe, “If we thought there were issues then, I don’t think we could have ever imagined what the implications of going online would uncover for us in terms of issues for students.”

#digitaldivide #education #remotelearning #K12 #edtech #digitalequity

Learning Ecosystems

The impact of blockchain, cryptocurrencies, and NFTs on the legal industry with Joseph Raczynski [ABA Innovation Network]

The Short-term Credentials Landscape [Ositelu, McCann, & Laitinen]

21 jobs of the future: A guide to getting — and staying — employed over the next 10 years [cognizant.com]

Chip funding of $50B would boost domestic jobs in construction, design, study says [Hamblen]

Digital Dollar Project to launch five U.S. central bank digital currency pilots [Price]

Blockchain 50 2021 [del Castillo]

Harvard and its peers should be embarrassed about how few students they educate [Selingo]

Bitcoin – The Currency Of The Future [Javaid]

The Art World Goes Blockchain [David Pierce]

The next normal arrives: Trends that will define 2021—and beyond [McKinsey’s Sneader & Singhal]

Reflections on “A Nation’s Economy Divided: Breadlines vs Bread Makers” [Donnan]

A ‘Great Cultural Depression’ Looms for Legions of Unemployed Performers [nytimes.com]

How COVID-19 Hollowed Out a Generation of Young Black Men [Johnson & Martin]

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