A home office workplace, representing remote work in the software development business

Remote Work: 7 Changes It Will Bring to Your Company

Bear with us here: We will say a positive thing about 2020. It’s hard enough. But due to lockdowns and reduced mobility, one certain work philosophy has gained attention in the economic discourse: Remote work.

By now, more and more companies, big and small, have shifted their work policies. They now allow their employees to work from their home office and telecommuting with their colleagues. And this remote work trend might continue: Just recently, the Center of European Economic Research (ZEW) conducted a study according to which 75% of big and 64% medium-sized companies want to permanently give their teams the option to operate from home office spaces. 

Remote Work – Ripe With Challenges

So, if everyone is doing it, it should be easy, right?

Not necessarily.

Companies embracing the home office concept just now will be faced with a challenging transition period. It’s a paradigm shift. Tried and true recipes for on-site working often don’t qualify for remote working routines. And, given external economical pressure (like a certain pandemic), not all companies are settling for a remote work policy out of conviction. Experiencing early setbacks in their new telework routines, corporate decision-makers might then even come to the belief, that working remotely hurts their businesses. What if home office workers are not the all-productive powerhouses they were promised in articles by eager proponents of workplace flexibilization?

But let’s not jump to conclusions. Businesses have to adjust working routines and company culture to get the most out of this type of work. If your company stands at the beginning of switching to remote work, you should realize that embarking on that path will change how your company operates as a whole. How your employees engage with their work. And how your clients engage with your services, too.

So, how to make remote work work? Let’s start with the basics.

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CeFi versus DeFi – Part I: The history of the centralized finance

Introduction

trimplement co-founder Natallia Martchouk
trimplement co-founder Natallia Martchouk looks into the history of centralized finance.

We all are used to living in the world of centralized finance (CeFi) and many people cannot imagine that the financial system could work differently. They simply take the existing system as the given and best option. But is this the case? Or do we have alternative possibilities? What do they look like?

In this small series of financial articles I will introduce you to the concept of decentralized finance (DeFi). First I will talk about some historical milestones in the development of the centralized financial systems and the status quo, then I will present the idea of decentralized finance. And last but not least I will describe some of the most famous DeFi projects which are already running and changing the world now, while you’re reading these articles.

CeFi: History and status quo

Money makes the world go round

Let’s start at the very beginning and go through some basic concepts. The financial story of humankind starts with the invention of money.

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A wallet, money and a computer cooling system, symbolizing the rapid real-time payments of SCT Inst

From SCT Inst to EPI – How European Banking Is Changing

Matthias Gall, co-founder of trimplement
trimplement co-founder Matthias Gall traces the origin of the SCT Inst scheme and gives an outlook.

Having followed the European financial press in recent years, chances are you stumbled across the term SCT Inst. This seven letter abbreviation hints at an ambitious banking project that has sharpened the competitive edge of the European financial market: Instant, multi-national payments. 

The SCT Inst scheme was introduced to enable rapid, real-time payments between banks and financial institutions located in different European countries. As such, SCT Inst acts as a stepping stone for more banking projects bound to happen further down the timeline (like the European Payment Initiative or EPI). 

As you are reading this, SCT Inst has already taken hold in banking. But still, banks can feel the challenges it has presented to them. 

Let’s see what we are dealing with.

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