beyondthough8

Why Dollar So Mighty? Perhaps no currency is as powerful as the US dollar. After all, it is, in some sense, the most important reserve currency, since most international trade, finance, and investment takes place in US dollars. Why does the dollar possess such power, and how did it become so central in the world economy? This relates to an understanding of the historical, economic, and political context that led to concentration in dollars firmly at the top of the currency pyramid. 1. Legacy of Bretton Woods and Post-WWII Global Order However, the history of dollar hegemony dates back into the post-WW II era. The Bretton Woods Agreement introduced a new world order in 1944-the dollar pegged to gold at an agreed price of $35 per ounce, and all other currencies pegged to the dollar. Consequently, the U.S. dollar became the basis of international trade and finance. In spite of officially being taken off the gold standard since President Richard Nixon in 1971, the dollar is essential for t...

The Ultimate Guide to Digital Marketing You Should Read This Year Business has to adopt digital marketing in order to keep growing in this digital age. Whether you are a small startup or global corporation, whatever the case, knowing the basic principles of digital marketing would certainly place you on track. So here's everything you need to know about digital marketing in 2024, if you want to stay ahead of the pack and maximize online presence. What is Digital Marketing? Digital marketing refers to the process of using internet channels, platforms, and media for marketing or advertising products or services. Digital marketing encompasses a wide range of techniques and strategies by which people reach out to consumers via the web through search engines, social media, email, websites, and mobile applications. Finally, its prime objective is to connect with your target audience, thereby fostering relationships and creating conversions. Key Pillars of Digital Marketing To be able to ...

Blockchain Is Changing the World: The Revolution Under Way But today, in a short period, the term *blockchain* has gone from being on the fringes of the tech circles to the mainstream level of conversation. It is now becoming very distinct and far away from its original association with cryptocurrencies like Bitcoin and all set to revolutionize everything from finance and healthcare to supply chain management and voting systems. The most famous application of blockchain is digital currencies, but the true transformational power belongs to the underlying principles of blockchain. This blog explores how blockchain is changing the world and why it matters. What is Blockchain? In its core, it would be a decentralized, distributed ledger that could record transactions across a network of computers safely. It is about transparency, immutability, and security - the basic features that make blockchain so powerful. The data recorded cannot be altered or deleted without approval from the whole n...

How AI is Changing the Future of Work: What You Need to Know Everything about the way we work is changing, and at the heart of this change is something called artificial intelligence (AI). From automating routine tasks to improving decision-making, AI is already rewriting the script on how businesses function and how we as workers relate to our jobs. So what does it all mean for you, whether you are an employee, business leader, or forward-thinking thinker? Well, here's this blog teasing apart AI's effect on the future of work- and why you care. 1. Automating Routine Tasks- and Freeing Up Time for What Really Matters Possibly, nothing is more impactful in which AI has changed the workplace than eliminating those repetitive and time-consuming jobs. There's something just as unexciting and dreary as entering data entry, scheduling, or just answering a simple question from a customer, but those jobs are being replaced in retail, finance, and customer service with AI-driven cha...

Navigating the Digital Age: Embracing Change and Challenges in a Connected World The digital age has changed almost everything about our lives-from the way we work, communicate, shop, entertain ourselves, and learn. It can be both profound and relentless. Standing on the threshold of even more advanced technologies, now is a ripe time for reflection on what kind of opportunities and challenges the digital age presents. It is what characterises this stage, the kind of change it brought into the world of us, and how to navigate it mindfully and on purpose-this blog discusses. The digital era is the age of human history that quickly changed the traditional industry into an information-technology-based economy. Its beginning has been marked since late 20th century, as the appearance of the Internet and mobile phones, personal computers, which merged with digital technology into virtually everything: social life, work, and more. This generation is defined with deep transformation in how we ...

Cryptocurrency: The Future of Money or a Digital Fad? Over the last decade, cryptocurrency has evolved from an esoteric obsession to a mainstream financial buzzword. Whether it is Bitcoin, Ethereum, or one of the thousands of altcoins, digital currency has piqued the interest of both investors and technologists - and even some futurists. But what actually is cryptocurrency, and why is it so hot at the moment? What Is Cryptocurrency? Cryptocurrency is a new term used for digital or virtual money whose security can only be explained through the term 'cryptography.' These new-age currencies do not operate under a traditional central entity issued by governments (be it a dollar or euro); rather, most are decentralised, and operate upon some sort of technology named 'blockchain.' A distributed ledger recording all transactions between any computer network ensures complete transparency, security, and is virtually tamper proof. Bitcoin was the first of its kind of cryptocurren...