The Impact of Cryptocurrencies on the General Powers and Duties of South African Insolvency Practitioners

2021 ◽  
Vol 33 (2) ◽  
pp. 289-318
Author(s):  
Sidasha Singh ◽  
Juanitta Calitz
Keyword(s):  
South African ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Insolvency Law ◽  
International Courts ◽  
Fourth Industrial Revolution ◽  
Legal Position ◽  
The Subject ◽  
Regulatory Model ◽  
The Impact

Within the context of the fourth industrial revolution, cryptocurrencies pose several challenges in the framework of corporate insolvency law. In South African law, no statutory framework vis-à-vis cryptocurrencies, such as Bitcoin, currently exists. This has however not prevented entities from engaging in the cryptocurrency market. The specific dilemma is that insolvency practitioners do not have legislative guidelines to assist them in dealing with the subject of cryptocurrencies. Consequently, international judicial developments must be consulted and analysed with the aim to close the gap between the legislature and Industry 4.0. This article unpacks the South African legal position on cryptocurrencies within the context of the statutory powers and duties of insolvency practitioners. It engages in an analysis of selected international courts cases that have dealt with the concept of cryptocurrencies within the context of insolvent estates and continues to make recommendations for the development of an efficient and effective regulatory model.

Professional Training in Tourism for the Fourth Industrial Revolution

2021 ◽  
pp. 1699-1710
Author(s):  
Rosa María Rivas García ◽  
Jésica Alhelí Cortés Ruiz
Keyword(s):  
Industry 4.0 ◽  
Professional Training ◽  
Industrial Revolution ◽  
Export Sector ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Tourism Professionals ◽  
World Tourism Organization ◽  
The Subject ◽  
Tourism Organization

At present, the World Tourism Organization indicates that, as a worldwide export category, tourism occupies the third position, behind chemical and fuel products and ahead of the automotive industry. In many developing countries, tourism is the main export sector. Therefore, the purpose of this chapter is to propose an approach to the training of tourism professionals for the fourth industrial revolution, so this chapter proposes an approach to educational competencies in the training of tourism professionals for Industry 4.0 with a focus in sustainable development; initially, the subject of educational competencies in higher education will be described, since derived from these, professional competencies are achieved. Next, the exploration of the concepts of intellectual capital, tourism, and the fourth industrial revolution will be shown; to conclude the authors show the relation of the thematic axes.

scholarly journals Transformation of the world job market in the conditions of the Fourth Industrial Revolution

2021 ◽  
pp. 8-28
Author(s):  
Elena Viktorovna Shirinkina
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Job Market ◽  
Scientific Publications ◽  
Job Management ◽  
Business News ◽  
Fourth Industrial Revolution ◽  
The World ◽  
The Impact

The relevance of this research is substantiated by the fact that the world job market is currently under the influence of the Fourth Industrial Revolution (Industry 4.0). The goal lies in assessing the impact of cyclic and unexpected trends upon the job market, and thus, the forms of job management and employment functions. In this regard, analysis is conducted on the academic theories in the context of conceptualization of the impact of Industry 4.0 upon the job market and employment functions. The long-term trends in transformation of the job market are determined. The empirical basis of this research is comprised of the statistical data provided by Rosstat and the Ministry of Science and Higher Education of the Russian Federation, as well as the resources of analytical articles and scientific publications, including the materials of international organizations, leading consulting companies, global associations, leading educational institutions, other active participants of global educational environment, and job market experts. An overview is given to the trends that affect the companies, their strategies and business models; the impact of such trends upon the transformation of current professions and the emergence of new professions; skills required for these professions. The scientific novelty lies in substantiation of the concept of skill-biased technical change (SBTC) and the theory of routine-biased technological change (RBTC). The presented materials would allow the companies to combine business news with fundamental training of specialists for going along the new career trajectiory in light of the new technological challenges, which defines the practical value of this research.

scholarly journals THE FOURTH INDUSTRIAL REVOLUTION AND EMPLOYMENT MODIFICATION IN UKRAINE

2020 ◽  
pp. 13-18
Author(s):  
Emiliia Prushkivska ◽  
Artem Tkachuk
Keyword(s):  
Labour Market ◽  
National Economy ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Youth Unemployment ◽  
Comparison Method ◽  
State Funding ◽  
Fourth Industrial Revolution ◽  
The Impact ◽  
Industrial Revolutions

Purpose. The aim of the article is to assess the impact of Industry 4.0 on employment in Ukraine and the world. The following tasks are set to achieve this goal: to analyse the historical impact of industrial revolutions on employment, including the characteristics of changes in its structure, as well as professional composition; highlight how the fourth industrial revolution differs from the previous three; consider the structure of available vacancies in Ukraine and assess how the national labour market is subject to automation. Methodology of research. This article uses the historical and logical unity method to analyse the impact of industrial revolutions on employment, as well as a comparison method to highlight the distinguishing features of Industry 4.0. A graphical method is applied to assess the sectorial structure of vacancies prone to automation in Ukraine. Findings. Industry 4.0 has been found to have common and distinctive features of the impact on employment with the previous three industrial revolutions. The structure of employment at different historical stages is analysed. It was found out that its structure is actively changing now; new professions and whole branches of application of human labour are appearing. The structure of the labour market in Ukraine is considered. It has been proved that Industry 4.0 can exacerbate inequalities between different sections of the population and lead to the disappearance of a large number of occupations, which today employ half of the workforce of national economies. Originality. An analytical approach to the definition of professions that are most prone to automation in the context of the fourth industrial revolution in the Ukrainian labour market has received further development. This approach simultaneously takes into account modern foreign practices and the national statistical base. Practical value. The obtained results in the course of the study can be used in the development of state programs to support employment in the national economy. Since people will require retraining and additional training due to the special propensity of their professions to automation and computerization. In addition, the obtained data can be used to determine the priority areas of state funding for educational institutions, which in the future will reduce youth unemployment. Key words: employment, the fourth industrial revolution, Industry 4.0, national economy, influence, industry structure, automation, computerization.

Exploring the future impact of automation in Brazil

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yuri Lima ◽  
Julia Celia Mercedes Strauch ◽  
Maria Gilda Pimentel Esteves ◽  
Jano Moreira de Souza ◽  
Miriam Barbuda Chaves ◽  
...  
Keyword(s):  
Design Methodology ◽  
Industrial Revolution ◽  
Education Level ◽  
Decision Makers ◽  
Content Type ◽  
Fourth Industrial Revolution ◽  
Socioeconomic Analysis ◽  
Significant Difference ◽  
The Subject ◽  
The Impact

PurposeBrazil is struggling as the unemployment rate is 12.4% and nearly 13m people are unemployed. The fourth Industrial Revolution is advancing, and the country needs to consider how it will impact the labor market. This work explores the impact of automation on the Brazilian workforce to supply decision-makers with information about the subject.Design/methodology/approachThe authors converted the probability of computerization from the seminal work of Frey and Osborne to each of the more than 2,500 occupations in Brazil. They then crossed the automation probability with socioeconomic information about workers and companies available in the Brazilian Ministry of Labor Database.FindingsIn total, 60% of employment in Brazil is expected to be highly impacted by automation in the coming decades, with eight out of the ten occupations with the biggest workforce being highly automatable. Automation probability decreases as workers' education level increases, with the most significant difference between workers with higher education and those without it. The results show other inequalities in the impact of automation: the higher the wage, the lower the automation probability of occupations; the bigger the company, the lower the automation index; and workers from 16 to 24 years old have considerably higher chances of being automated.Originality/valueThis work is the first to study, in the context of the fourth Industrial Revolution, the impact of automation in Brazil with a socioeconomic analysis.

Readiness for the Fourth Industrial Revolution

2021 ◽  
pp. 12-29
Author(s):  
Dagogo William Legg-Jack
Keyword(s):  
Technology Acceptance ◽  
South African ◽  
Industrial Revolution ◽  
Study Approach ◽  
Fourth Industrial Revolution ◽  
Sample Data ◽  
Readiness To Learn ◽  
Acceptance Model ◽  
The Impact

This chapter explored the readiness of a South African university to take part in the fourth industrial revolution by exploring the experiences of students in science and technology on the impact of COVID-19 in the learning of their practical modules. Guided by two research questions, namely how the COVID-19 has impacted students' engagement with their practical modules and students' readiness to learn remotely and carry out the practical aspects of their modules, the chapter employ a qualitative case study approach to explore the views of students that offer courses that involve practical. Seven fourth-year students were purposively selected as study sample. Data were generated online using Google forms and were analysed thematically. The chapter was framed using the technology acceptance model. Findings revealed the following: ease and clarity of concept, lack of interaction with others, lack of motivation, lack of access to ICT facilities, lack of relevant materials to execute practical tasks, and lack of conducive learning environment.

The Impact of Unified Communication and Collaboration Technologies on Productivity and Innovation

2020 ◽  
pp. 44-73
Author(s):  
Anthony Bolton ◽  
Leilani Goosen ◽  
Elmarie Kritzinger
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Cyber Physical Systems ◽  
Future Research ◽  
Research Directions ◽  
Fourth Industrial Revolution ◽  
Emerging Trends ◽  
Future Research Directions ◽  
The Impact ◽  
Collaboration Technologies

Against the background of promoting inclusive growth in the context of the Fourth Industrial Revolution (4IR), the purpose of this chapter is to introduce Industry 4.0 in terms of the impact of Unified Communication and Collaboration (UC&C) technologies on productivity and innovation within a global automotive enterprise. To provide readers with a further overview of, and summarize, the content of the chapter, issues, controversies, problems, and challenges related to Industry 4.0 adoption, including, for example, Cyber-Physical Systems (CPS), are discussed. Solutions and recommendations for dealing with the issues, controversies, and/or problems are presented, and the chapter will also discuss future research directions and emerging trends, together with providing insight about the future of the book's theme from the perspective of the chapter focus on the impact of UC&C technologies on productivity and innovation. The last section will provide discussion of the overall coverage of the chapter and concluding remarks.

Industry 4.0: proposing a framework

2020 ◽  
Vol 8 (6) ◽  
pp. 250-267
Author(s):  
Carlos Eduardo Silva ◽  
Rodolfo Cardoso ◽  
Ramon Baptista Narcizo ◽  
Luiza Maciel Gonçalves ◽  
Yohana Carvalho
Keyword(s):  
Quantitative Analysis ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Future Research ◽  
Fourth Industrial Revolution ◽  
The Subject ◽  
Scopus Database ◽  
Technological Clusters ◽  
Practical Implications

The term Industry 4.0 has gained prominence in academic and business discourses in recent years, having its concept related to the so-called fourth industrial revolution. Goal: The present research aims to develop and present a framework with the concepts of Industry 4.0. Methodology: The study started from a quantitative analysis of the academic articles available in the Scopus database. Subsequently, a qualitative analysis of articles and technical reports (mostly) was carried out to obtain a more applied technological vision in the industry. With this, technological clusters were built and, finally, the Industry 4.0 framework was proposed. Results: As a result, it was possible to establish an overview of the publications, highlighting the main conceptual views of the different terms that converge for the fourth industrial revolution, as well as the main technologies associated with Industry 4.0, systematizing the knowledge in the industry 4.0 framework. Limitations of the investigation: The search has been limited to available and selected papers for reading. Practical implications: The practical contribution has been satisfactorily evaluated to assist future research on the subject. Value: Finally, the main contribution of the work is the creation of a framework that synthesizes and systematizes the relationships among the main characteristics, technologies, products and business models of the 4.0.

scholarly journals IMPLICATIONS OF THE FOURTH INDUSTRIAL AGE ON HIGHER EDUCATION

2018 ◽  
Author(s):  
Bo Xing ◽  
Tshilidzi Marwala
Keyword(s):  
Higher Education ◽  
Industrial Revolution ◽  
Fourth Industrial Revolution ◽  
Research And Innovation ◽  
Interdisciplinary Teaching ◽  
Industrial Age ◽  
Exciting Opportunity ◽  
Teaching Research ◽  
The Subject ◽  
The Impact

Higher education in the fourth industrial revolution (HE 4.0) is a complex, dialectical and exciting opportunity which can potentially transform society for the better. The fourth industrial revolution is powered by artificial intelligence and it will transform the workplace from tasks based characteristics to the human centred characteristics. Because of the convergence of man and machine, it will reduce the subject distance between humanities and social science as well as science and technology. This will necessarily require much more interdisciplinary teaching, research and innovation. This paper explores the impact of HE 4.0 on the mission of a university which is teaching, research (including innovation) and service.

scholarly journals THE IMPACT OF THE DETERMINANTS OF FOURTH INDUSTRIAL REVOLUTION ON COMPETITIVE ADVANTAGE AND SUSTAINABILITY – A STUDY FOR MALAYSIAN SMES

2020 ◽  
Vol 6 (3) ◽  
pp. 283-289
Author(s):  
Dr Sreenivasan Jayashree ◽  
Chinasamy Agamudainambi Malarvizhi ◽  
Mohammad Nurul Hassan Reza
Keyword(s):  
Competitive Advantage ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Technical Innovation ◽  
Economic Factors ◽  
Time Data ◽  
Inherent Difficulty ◽  
Fourth Industrial Revolution ◽  
Smart Technologies ◽  
The Impact

Small and medium-sized enterprises (SMEs) constitute one of the leading economic factors with strong consumer and stakeholder aspirations. The Fourth Industrial Revolution may also be defined as Industry 4.0, because it has evolved through automation and technical innovation that can transform products and manufacturing processes by real-time data integration, allowing consumers to be satisfied through customized products. It is important to examine the uniqueness of Industry 4.0 and the inherent difficulty in understanding the determinants, as most recent studies address the technological dimension of the concept. This study addresses the effect of the core determinants of Industry 4.0 in achieving sustainability as well as competitive advantage. The findings will serve to offer valuable insights for the SMEs to adopt smart technologies in the production system concerning Industry 4.0. This paper presents a conceptual model including hypotheses that can be tested further through a quantitative analysis.

scholarly journals The Characteristics of the Fourth Industrial Revolution: Buzzword, Hype or a Radical Change?

E-conom ◽  
2020 ◽  
Vol 9 (1) ◽  
pp. 91-104
Author(s):  
László Koloszár ◽  
Nikoletta Németh
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
German Economy ◽  
Radical Change ◽  
System Level ◽  
High Tech ◽  
Fourth Industrial Revolution ◽  
World Economic ◽  
The Impact ◽  
Industrial Revolutions

The usage of the terms the ’Fourth Industrial Revolution’ and its predominantly used synonym ‘Industry 4.0’ has curved upwards at a higher rate than the number of underlying interconnected production units. The concept of Industry 4.0 originates from a project on the high-tech strategy of the German government in 2011. This project promoted the computerization of manufacturing and it was a logical suggestion for the long-term competitiveness of the German economy. The fundamentals of an export-oriented economy need system-level development not to be disadvantaged in the global competition. Building all this on the most modern technologies can be defined as a traditional step. The umbrella term ’Industry 4.0’ has outgrown this step and in 2016 it became an independent agenda item of the World Economic Forum. In this study, with the help of a literature review, we examine which factors of this so-called fourth industrial revolution are similar and which factors are different compared to the previous industrial revolutions. Can the characteristics of industrial revolutions be identified? Is the impact complex and does it influence not only the technology but also the society, the politics, etc.? Whether the use of the term is substantiated or is it only an advanced, fashionable buzzer hanging all today’s forward-looking innovations on the same peg?

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