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Nexia Pulse Quarter 2 2018

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Why Should Businesses Care About Blockchain?

Blockchain is the biggest buzzword in technology today. Cryptocurrency and bitcoin more specifically made blockchain famous. Blockchain technology was originally developed as part of bitcoin, but the two are not the same. Blockchain can support a wide range of applications, and it is being used for peer-to-peer payment services and supply-chain tracking and more. So, what exactly is blockchain?

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Decision Making and The Span of Analytics

Data is said to be the new currency. Data monetisation is a hot topic as if every company can go about it easily, aggregating vast amount of data, use it to enhance current offerings and in the process disrupting established industries or transforming the way traditional businesses operate; or simply sell the Data to another company that finds more value. However, very few companies are in the right business to start with, have the opportunity and ability to acquire the vast amount of relevant “Big Data”, or the resources and know-how to transform to a Data-Driven technology business.

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Representative Office vs Wholly Foreign-Owned Enterprise in China

During the double-digit GDP growth years leading up to China’s modernised Enterprise Income Tax (EIT) law in 2008, most foreign companies conducted business in China in one of two ways. Many took advantage of tax breaks and inexpensive operating costs by establishing joint venture or Wholly Foreign-Owned Enterprise (WFOE) manufacturing companies, which produced goods for export and consumption outside China. Others chose to source goods in the country and establish Representative Offices (ROs) to assist with the process.

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GDPR: Why Businesses Need to Act Now

The 25 May 2018 deadline for the new European data protection regulation is fast approaching and will affect almost every company in the EU, as well as any business outside the EU that holds data on EU citizens. For any business that processes personal data, the General Data Protection Regulation (GDPR) should be of real concern, as failure to comply could result in fines of up to the higher of €20m or 4% of aggregate global group sales.

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