Fast, secure, and trustless mortgages

Historically, the banking industry has thrived on face-to-face contact, paperwork, and a slow, but methodical, process to approve loans. For some consumers, the most familiar process is the mortgage process, whereby the bank provides money for the purchase of a new home. This industry was meeting additional demands for homeownership by increasing the number of mortgage agents employed (LaCour-Little, 2009). However, the companies were not prepared for the launch of a highly automated, mobile-first origination product called Rocket Mortgage released by Quicken’s loan subsidiary (Perich, 2018).

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Three Types of Innovation

There are three potential ways to create new innovations that fall into three primary categories. These categories are serendipity, errors, and exaptation. Serendipity is the happy accident of something useful or good being discovered when not necessarily seeking it. Errors are mistakes or deviations from the plan that result in new ideas, innovations, or inventions being found or created. Lastly, exaptation is reusing something that already exists for a new purpose, sometimes on short notice.

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From Science Fiction to the Couch

“Within five years, I predict it will be the most popular form of PC sold in America”, to quote Bill Gates at a keynote speech introducing the Tablet PC (Pogue, 2007). Predictions about the tablet becoming the dominant form of computing device have been around for nearly as long as the concept of the tablet itself. Yet, despite some success, the tablet has not completely replaced other forms of computing devices.

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Forecasting the Future: Short and Long Term Methods

In order to prepare for the future, firms must understand what the future may potentially hold. This is an exercise known as forecasting, but the particular methods used to forecast the future differ based on the intended use of the forecast, the environment of the firm, and the length of time forecasted (Tidd & Bessant, 2018). Two models for predicting the future are scenario planning and traditional forecasting. These two methods differ in a number of key areas and each has its own advantages and disadvantages.

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Accidental Innovation In Chemically Inert Polymers

Many inventions are a result of accidents, including well-known accidents that lead to the creation of common consumer products, like safety glass, penicillin, and Post-It notes (Routley, 2017). However, some innovations occur as a result of incremental improvements in other areas that lead to new products accidentally (Tidd & Bessant, 2018).

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Unit 2 Discussion Board 1

In the coming years, higher education faces a number of opportunities to better leverage technology for student learning. These opportunities are varied across raw technology, like AI or software, to societal and economic opportunities to better provide a quality education through utilizing technology tools to reduce education inequality or provide education at a reduced cost (EDUCAUSE, 2020). One of the most exciting trends involves artificial intelligence and machine learning, commonly referred to as AI and ML.

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Unit 2 Discussion Board 2

In preparation for this post, research was conducted on the Delphi technique as well as the Internet Engineering Task Force’s consensus mechanisms. The goal is to be able to accurately compare and contrast the two group decision-making methods. Before delving into the two group decision-making methods, it is important to point out a potential flaw with all group decision-making methods - the desire to be a part of the group and not against it.

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Futuring and Innovation

This blog is meant to discuss the concepts of futuring and innovation as it pertains to the content discussed in the Colorado Technical University CS875 course.

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