Zero-based budgeting ZBB is a method of budgeting in which all expenses must be justified and approved for each new period. It was created in the 1970s by former TI controller and advisor to  then Georgia’s governor Jimmy Carter, Peter Pyrrh, to embed top-level strategic objectives into the budgeting process by tying them to […]

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Blockchain is a foundational technology, an underlying technology layer for applications built on top of it, allowing them to share a joint database and a ledger. It provides realtime access to an immutable and consistent data set. Based on our experiences launching the Building Blocks project on behalf of the United Nation’s World Food Programme […]

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From the early days of capitalism, when from 1633 the Hollandische Mercurius referred  to capitalists as the owners of capital, on to David Ricardo who, in his Principles of Political Economy and Taxation  is seen as the one who actually coined the term capitalism, until today: the structure and behavior of the enterprise as the […]

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RAAY are large, circular stone disks – or: stone money – carved out of limestone formed from aragonite and calcite crystals.  RAAY stones were quarried on several of the Micronesian islands, mainly Palau, and transported for use as money to the island of Yap. They have been used in trade by the Yapese as a form of currency. […]

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Living and working in Europe, one might underestimate the relevance of participating in international banking. Globally, over 2 billion people have no or limited access to financial transactions. This must change. As a young person, when I was traveling through Europe, there were no Credit Cards (the Europeans with exceptions of the British were very […]

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On December 6, 2017, game company and distributor Valve announced that its gaming platform Steam is no longer accepting Bitcoin as a payment method. The company explained that Bitcoin transaction fees have gone up to nearly $20 per transaction last week, “compared to roughly $0.20 when we initially enabled Bitcoin.” At the same time, CryptoKitties burned […]

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