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jasiek

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Sounds like something massively over-engineered and sold to the government by a consultancy. Intel loves this because it puts the client's data in a cage which is locked from the inside, and they must keep buying servers with Intel chips no matter what.

The original paper describes that the reduction in working hours has forced the workforce to develop a more efficient way of working. Thus, they have accomplished what should have been accomplished with having better management from the get go.

Given this is the government we're talking about - it isn't really that surprising, is it? They could have reduced the workforce by 20% and accomplished a similar result, while reducing costs.

Nope. They just need to provide "an API". Got a hundred banks? That's potentially 100 integrations you'll need to do - the barriers remain in place an everyone is happy.

http://ec.europa.eu/transparency/regdoc/rep/10102/2016/EN/SW... - see page 32 (ARRPU). Operators in different countries have different profits per user (obvious). If you have someone like T-Mobile or Orange, they'll use the proceeds from say... France, to finance their operations in say... Poland. This will put pressure on other national operators to further lower prices. Lower prices mean lower profit margins, mean lower dividends, lower company valuation, being less attractive to investors, etc. After a while their value will decline by so much, they'll be willing to sell themselves at the current going price of their infrastructure. Orange buys them, and kills off competition.

So does Europe. Open Banking Ltd in the UK is attempting to develop these standards, but they are working with tens of stakeholders across impossible deadlines - which means they cut scope and quality. And since banks in the UK are sponsoring the show, it is beyond certain that no disruptive moves will be taken, and interests of the incumbents will remain preserved.

Current roaming regulations in the EU are designed with the biggest, transnational players in mind. By subsidizing operations in a less lucrative market using proceeds from other countries, they can bleed smaller national telecoms. They will then proceed to buy them for pennies on the dollar. This will result in less competition down the road, and higher prices for the end user.

The new £1 Coin 9 years ago

So this means every coin in circulation would be uniquely identifiable through a unique random pattern of embedded luminescent particles.