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Food fraud is a growing economic and health problem, but artificial intelligence and blockchain technology can help fight it

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A multi-billion-dollar criminal enterprise lurks among the many shelves of our supermarkets. Food crime not only hurts our wallets, but threatens public health. It includes actions comparable to mislabeling a product, replacing a food or ingredient with one other, inferior substance, and even poisoning.

This is a global problem resulting from the evolution of food crime. The complexity of food supply chains, the globalization of food markets and the shortage of transparency increase the vulnerability of the food sector. Therefore, it is essential to rethink how we combat food crime using technology.

Food related crimes are currently causing is estimated at $40 billion (£31 billion) damage worldwide yearly. British Food Standards Agency defines food crime as “serious fraud and related crime in food supply chains”.

If we take into consideration food crimes with criminal perspective focused on profitwe can understand it double role each as a way for criminals to generate dirty money that should be laundered, and as a strategy to launder illicit funds from other criminal activities.

Seven sorts of food crime explained by the Food Standards Agency.

The food industry is particularly attractive to fraudsters resulting from its great potential profitable. Researchers have discovered two foremost approaches utilized by fraudsters in relation to high demand products.

First, they aim relatively low-cost on a regular basis foods comparable to bottled water and olive oil because they cover a large portion of consumers, which implies they can maximize profits. For example, a Spaniard and an Italian investigation in 2023 led to the confiscation of 260,000 liters of olive oil. Investigators found that olive oil labeled “virgin” or “extra virgin” had been diluted with a low-quality variety.

Another example was Horsemeat scandal in 2013, when beef products were found to contain horse meat across Europe. There was multiple such meat 4 times cheaper produce.

Alternatively, some fraudsters trick undiscerning ‘gourmets’ into paying higher prices for cheaper food masquerading as a higher quality product – for instance low-cost camouflage truffles like exotic Italian truffles.

Unfortunately, our knowledge of those complex financial crimes is often limited, making detecting and stopping food fraud difficult. a demanding task.

Emerging technology

This was stated by the Association of Certified Fraud Examiners, a global anti-fraud body 91% of organizations world wide have used data analytics technology to answer the growing risk of economic crime. This technology is promising because it can dig hidden patterns in huge datasets, leading to raised crime detection and prevention.

For example, machine learning can analyze data and discover suspicious activity. It can also learn and adapt as recent information becomes available. In the context of food crime, this may increasingly include flagging specific locations, people or corporations that will pose a risk.

Evidence on this topic is limited, so we imagine that further research ought to be carried out to research previous cases of food fraud. Identifying recurring themes and patterns using machine learning could enable the event of a higher detection model, which, when combined with the expertise of regulators, food manufacturers, distributors and retailers, may very well be a powerful tool.

A Dutch food inspector carried out a meat inspection in 2013 after receiving information that beef products across Europe contained horse meat.
Images by Erik Van T./EPA

Researchers suggest the food industry is undergoing a potential change blockchain technology could enable consumers to make higher decisions when purchasing food. Blockchain is like a secure public ledger that can’t be manipulated. This technology subsequently enables anyone, from supermarket chains to individual consumers, to simply and reliably trace food back to its origin. Imagine with the ability to make informed selections at the shop, knowing exactly where your food comes from.

IN AustraliaThe adoption of blockchain technology by some manufacturers in recent times is expected to help solve the multi-billion dollar food problem wine fraud. AND recent research found that blockchain data security and data corruption tolerance are essential features underlying its potential to combat food fraud.

Collaboration is key

While recent technologies hold promise within the fight against food crime, they do exist gossip overcome. For example, implementing blockchain across the worldwide food supply chain faces challenges challenges including the shortage of international standards and difficulties in processing huge amounts of information. Blockchain technology may require additional technology, making it expensive for small food producers.

Ultimately, the important thing to combating food fraud is collaboration. We must unite law enforcement, industry professionals, organizations of all sizes and scientists, each with appropriate ethical oversight by their institutions.

Any anti-fraud measures mustn’t make it significantly tougher for consumers to buy food. If the method becomes too burdensome, people may find ways to get around it, which could create recent loopholes within the food system.

This article was originally published on : theconversation.com
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Business and Finance

First black lottery operator

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Emmanuel Bailey


In a city that pulls thousands and thousands of individuals all over the world, Emmanuel Bailey’s success story began in Washington. He began from humble beginnings, growing up with a single mother and moving from rental to rental throughout town and the Washington, D.C., metropolitan area for many of his childhood. At the peak of the drug epidemic, he saw his hometown affected by crime and poverty, and when he returned from college, his town was considered the murder capital of the country. Yet despite these adversities, he all the time worked hard and looked to a brighter future – a super his mother instilled in him since he was a small child.

As Bailey began his journey to a brighter future, he realized that to achieve success, he needed to pursue a university education. Through these pursuits, he became the primary member of his family to attend and graduate from college. He enrolled at Eastern Kentucky University, earning a bachelor’s degree in business administration. While at EKU, he set out to realize the high level of success his mother expected of him in all areas. After graduating from EKU, he obtained an Executive MBA from the Business School. Robert H. Smith on the University of Maryland.

Emmanuel achieved early success within the financial sector. Over the following 25 years, he rose through the ranks, starting as a branch manager at Citizens Bank of Maryland and ending with vice chairman of Fannie Mae. These roles provided him with invaluable experience as a seasoned entrepreneur and leader. After all the pieces he had achieved at Fannie Mae, it was time to strike out on his own.

Seeing the potential within the lottery industry, Emmanuel founded an operations and management services company to run lotteries more efficiently and effectively. Key service providers (VSC) has management experience in all facets of the state lottery contract, including providing direct supervision and management of lottery agents, retail systems, implementation and maintenance of gaming equipment, and oversight of the performance of the central gaming system. He worked in various positions in state lotteries across the country to achieve real institutional knowledge of the ins and outs of the brand new industry he was entering. Combining his latest knowledge with business sense, he decided to win contracts with the most important names within the industry.

The lottery industry is amazingly competitive, and contracts are sometimes awarded to large national firms. However, as Emmanuel grew his business, hiring experienced staff and expanding VSC’s capabilities, he began to make a reputation for himself as a trusted and talented operator within the industry. He soon partnered with titans in the sector and eventually became the one black business owner to operate a state lottery in your entire United States, in his home “state” of Washington.

But his success didn’t end there.

Bailey continued to hone his expertise, turning VSC right into a multi-million dollar company with over 100 employees. He was honored with the 2020 North American Association of State and Provincial Lotteries (NASPL) Powers Award, which he won based on nominations from the DC Lottery itself. In its nomination, the District of Columbia said Emmanuel “is far from a stereotypical executive… and will ensure that the DC Lottery continues to operate every day and that our company remains profitable into the long-term future.” It continues to grow its business by opening a VSC office in Maryland and searching to expand its geographic reach.

Despite all his success, Emmanuel never forgot his family and his connection to his community. He stays deeply committed to giving back to DC communities. He has donated a whole lot of 1000’s of dollars to varied local DC-based organizations supporting programs comparable to school athletic and humanities departments, educational support and health care. He also served and continues to serve on the boards of many local organizations.

Now Emmanuel looks to the longer term. Always striving to enhance his business, Emmanuel works to enhance operations and improve the efficiency of the DC Lottery, while also giving back to the community and creating more opportunities for young children growing up in circumstances like his own. While his feet are firmly planted within the DMV, his ambitious and entrepreneurial spirit has his eyes on expansion into additional states. He says his best achievement, above all his other achievements, is that he helped his mother retire.


This article was originally published on : www.blackenterprise.com
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Business and Finance

David Shands and Donni Wiggins host the “My First Million” conference at ATL

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December is the birth month of David Shands and Donnie Wiggins, friends and business partners. Most people have fun by throwing a celebration. Others imagine it must be catered for. The chosen ones spend the day relaxing in peace and quiet.

Then there’s Shands and Wiggins.

The two decided that the best birthday gift can be to offer individuals with resources for generational wealth through a conference called “My first million”in Atlanta.

It’s a compromise between how their families and family members need to honor them and their desire to proceed to serve others. Shands acknowledges that almost all people won’t understand, and he unapologetically doesn’t expect them to.

“It’s not up to us to convince anyone why we do what we do,” admits Shands.

“I think everyone does what they do for different reasons, and I would just attribute it to a sense of accomplishment that I can’t explain to anyone else.”

He doesn’t need to clarify this to Wiggins because she understands his feelings. Wiggins has had a passion for serving others for so long as she will be able to remember.

“When I was in middle school, there were child sponsorship ads on TV featuring children from third world countries. I was earning money at the time and I asked my mother to send money,” she says BLACK ENTERPRISES.

She recalls how sad she felt for youngsters living in a world with so many opportunities, but at the same time going hungry. Her mother allowed her to send money, and in return she received letters informing her of their progress.

“It was very real to me,” Wiggins says, now admitting she’s undecided the letters were authentic. “I received a letter from the child I sponsored, a photograph and some updates throughout the 12 months. It was such a sense of being overwhelmed and it was something I felt so good about. I didn’t even tell my friends I used to be doing it.”

She carried this sense throughout her life, even when she lost every little thing, including her house, cars, and money. She still found ways to serve and give back, which is the basis of her friendship with Shands.

They each love seeing people at the peak of their potential, and that is what “My First Million” is all about. There can be no higher birthday gift for them than helping others create generational wealth.

What to expect during the “My First Million” conference.

They each built successful seven-figure empires, then train others, write books about it, and launch an acclaimed podcast Social proof.

Now they’re imparting that knowledge through the My First Million conference, an event for aspiring and existing entrepreneurs. Shands and Wiggins need to prove that being profitable is feasible and encourage people to bet on themselves.

“David and I, on paper, are not two people who should have made millions of dollars. Number one, we want (people) to see it,” Wiggins says. “Then we want them to actually get out of that room with practical and actionable steps.”

Both are clear: this just isn’t a motivational conference. This is a conference where people, irrespective of where they’re of their journey, will come away with clarity about their business and what they must be doing as CEOs. Shands and Wiggins want individuals who do not have a transparent marketing strategy or are considering starting a business to also attend the meeting.

“A few areas we will cover are inspiration, information, plan and partnership,” adds Shands. “We will give you 1-2-3 steps because some people get depressed and uninspired. Even if they know what to do, they won’t leave, go home and do it. So we have to really put something into their heads and hearts that they come away with.”

Sign up and enroll for My First Million Here. The conference will happen on December 13 this 12 months. but Shands and Wiggins say it definitely won’t be the last for those who miss it.


This article was originally published on : www.blackenterprise.com
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Business and Finance

Operation HOPE on the occasion of the 10th annual world forum

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Operation HOPE Inc. takes over Atlanta for the biggest game in the country dedicated to financial literacy and economic empowerment, Saporta reports.

The HOPE Global Forums (HGF) Annual Meeting 2024 strengthens the crucial link between financial education, innovation and community upliftment in hopes of finding solutions to the problems that stifle challenges around the world.

Organized by Operation HOPE founder John Hope Bryant, together with co-chairs Atlanta Mayor Andre Dickens and U.S. Ambassador Andrew Young, the forums, to be held December Sep 11 at the Signia Hotel, will have fun its 10th anniversary with three days of engagement discussions, observations and forward-looking presentations.

Under the theme “The Future,” Hope Bryant says attendees are looking forward to a “powerful moment in history.”

“Over the past decade, we’ve brought together great minds with daring ideas, servant leaders with voices for change, and other people committed to a brand new vision of the world as we realize it. “‘The Future’ is a clear call to action for leaders to help ensure prosperity in every corner of society,” he said.

The extensive program includes influential and well-known speakers who address business, philanthropy, government and civil society. Confirmed speakers include White House correspondent Francesca Chambers, media specialist Van Jones and BET Media Group president and CEO Scott M. Mills.

“John Hope Bryant and his team have been doing this for ten years, and every year HGF raises the bar,” Young said. “Discussions about the FUTURE are important not only for civil dialogue; they are also essential to bridging the economic divide and solving some of today’s most important problems.”

Atlanta is predicted to welcome greater than 5,200 delegates representing greater than 40 countries.

“I have long said that Atlanta is a group project, and through our partnership with HOPE Global Forums, we are inviting the world to join the conversation,” Dickens mentioned. “From home ownership and entrepreneurship to youth engagement and financial education, HGF will offer bold and innovative ideas to ensure a bright future for all.”

It coincided with the organization’s annual meeting launched one other path to enhance financial knowledge with HOPE scholarships. With three tiers of scholarships – HOPE Lite, HOPE Classic and HOPE Silver – clients could have access to free financial coaching and academic resources.


This article was originally published on : www.blackenterprise.com
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