Putting the ‘digital’ in Digital Intermediaries: the role of technical infrastructure in building business models

Digital Technology Innovation and Financial Business Practices The UK economy has a huge dependence on financial services, and this is increasingly based on digital platforms. Innovating new economic models around consumer financial services through the use of digital technologies is seen as increasingly important in developed economies. There are a number of drivers for this, ranging from national economic factors to the prosaic nature of enabling cheap, speedy and timely interactions for users. The potential for these new digital solutions is that they will allay an over-reliance on the traditional banking sector, which has proved itself to be unstable and risky, and we have seen a number of national policy moves to encourage growth in this sector. Partly as a result of the 2008 banking crisis, there has been an explosion in peer-to-peer financial services for non-professional consumers. These organisations act as intermediaries between users looking to trade goods or credit. However, building self-sustaining or profitable financial services within this novel space is itself fraught with commercial, regulatory, technical and social problems. This report addresses the mutual shaping of business models and innovations in digital technical infrastructure – both client-facing and administrative back-end – in two retail financial products currently in use in the United Kingdom: peer-to-peer consumer lending and a local digital/paper hybrid currency system. The two products and their issuing firms, Zopa Limited (Zopa) and The Bristol Pound Community Interest Company (the Bristol Pound), respectively, are established leaders in their respective product areas: Zopa was established in 2005 and the Bristol Pound in 2010. Each of these firms seeks to disrupt an established financial market through the application of digital technologies and processes: consumer lending for Zopa and retail payment for the Bristol Pound. Our research has involved teams from Lancaster University examining Zopa and Brunel University focusing on the Bristol Pound over approximately a one-year period from October 2013 to October 2014. Extensive interviews, document analysis, observation of user interactions, and other methods have been employed to develop the process analyses of the firms presented here. This report is comprised of three primary sections: descriptions of the business and technological processes of each of Zopa and the Bristol Pound, and a final analytical section drawing preliminary conclusions from the research presented.3DaRoC is funded by the UK’s Digital Economy ‘Research in the Wild’ initiative. It has a substantial research budget of over £320K, with £35K of additional industrial support

Intumescent Coatings as Fire Retardants

Fire-retardant paint, when activated by the heat of fire, reacts to form a thick, low-density, polymeric coating or char layer. Water vapor and sulphur dioxide are released during the intumescent reaction

Conduction of Electrical Current to and Through the Human Body: A Review

Objective: The objective of this article is to explain ways in which electric current is conducted to and through the human body and how this influences the nature of injuries. Methods: This multidisciplinary topic is explained by first reviewing electrical and pathophysiological principles. There are discussions of how electric current is conducted through the body via air, water, earth, and man-made conductive materials. There are also discussions of skin resistance (impedance), internal body resistance, current path through the body, the let-go phenomenon, skin breakdown, electrical stimulation of skeletal muscles and nerves, cardiac dysrhythmias and arrest, and electric shock drowning. After the review of basic principles, a number of clinically relevant examples of accident mechanisms and their medical effects are discussed. Topics related to high-voltage burns include ground faults, ground potential gradient, step and touch potentials, arcs, and lightning. Results: The practicing physician will have a better understanding of electrical mechanisms of injury and their expected clinical effects. Conclusions: There are a variety of types of electrical contact, each with important characteristics. Understanding how electric current reaches and travels through the body can help the clinician understand how and why specific accidents occur and what medical and surgical problems may be expected

Development and testing of a risk indexing framework to determine field-scale critical source areas of faecal bacteria on grassland.

This paper draws on lessons from a UK case study in the management of diffuse microbial pollution from grassland farm systems in the Taw catchment, south west England. We report on the development and preliminary testing of a field-scale faecal indicator organism risk indexing tool (FIORIT). This tool aims to prioritise those fields most vulnerable in terms of their risk of contributing FIOs to water. FIORIT risk indices were related to recorded microbial water quality parameters (faecal coliforms [FC] and intestinal enterococci [IE]) to provide a concurrent on-farm evaluation of the tool. There was a significant upward trend in Log[FC] and Log[IE] values with FIORIT risk score classification (r2 =0.87 and 0.70, respectively and P<0.01 for both FIOs). The FIORIT was then applied to 162 representative grassland fields through different seasons for ten farms in the case study catchment to determine the distribution of on-farm spatial and temporal risk. The high risk fields made up only a small proportion (1%, 2%, 2% and 3% for winter, spring, summer and autumn, respectively) of the total number of fields assessed (and less than 10% of the total area), but the likelihood of the hydrological connection of high FIO source areas to receiving watercourses makes them a priority for mitigation efforts. The FIORIT provides a preliminary and evolving mechanism through which we can combine risk assessment with risk communication to end-users and provides a framework for prioritising future empirical research. Continued testing of FIORIT across different geographical areas under both low and high flow conditions is now needed to initiate its long term development into a robust indexing tool

Homogenization of the one-dimensional wave equation

We present a method for two-scale model derivation of the periodic homogenization of the one-dimensional wave equation in a bounded domain. It allows for analyzing the oscillations occurring on both microscopic and macroscopic scales. The novelty reported here is on the asymptotic behavior of high frequency waves and especially on the boundary conditions of the homogenized equation. Numerical simulations are reported

Flares and Proper Motions of Ground-State OH Masers in W75N

The star-forming region W75N hosts bright OH masers that are observed to be variable. We present observations taken in 2008 of the ground-state OH maser transitions with the Very Long Baseline Array (VLBA) and the Multi-Element Radio-Linked Interferometer Network (MERLIN) and with the Nancay Radio Telescope in 2011. Several of the masers in W75N were observed to be flaring, with the brightest 1720-MHz maser in excess of 400 Jy. The 1720-MHz masers appear to be associated with the continuum source VLA 1, unlike the bright flaring 1665- and 1667-MHz masers, which are associated with VLA 2. The 1720-MHz masers are located in an outflow traced by water masers and are indicative of very dense molecular material near the H II region. The magnetic field strengths are larger in the 1720-MHz maser region than in most regions hosting only main-line OH masers. The density falls off along the outflow, and the order of appearance of different transitions of OH masers is consistent with theoretical models. The 1665- and 1667-MHz VLBA data are compared against previous epochs over a time baseline of over 7 years. The median maser motion is 3.5 km/s, with a scatter that is comparable to thermal turbulence. The general pattern of maser proper motions observed in the 1665- and 1667-MHz transitions is consistent with previous observations.Comment: 14 pages, accepted for publication in MNRA

New Records of Hyperiidea (Crustacea: Amphipoda) from the North Central Gulf of Mexico

Records of 54 species of amphipods of the suborder Hyperiidea from the Gulf of Mexico are presented. Forty-seven species are recorded from the Gulf for the first time. Previous records of occurrence in the Gulf of Mexico, Caribbean Sea, and associated North Atlantic waters are provided for each species

New Records of Hyperiidea (Crustacea: Amphipoda) from the North Central Gulf of Mexico

Records of 54 species of amphipods of the suborder Hyperiidea from the Gulf of Mexico are presented. Forty-seven species are recorded from the Gulf for the first time. Previous records of occurrence in the Gulf of Mexico, Caribbean Sea, and associated North Atlantic waters are provided for each species

Politics in the Classroom

Nursing and midwifery is, in the UK, regulated by the Nursing and Midwifery Council (NMC). Regulatory duties include establishing standards for education, and from January 2019, new educational programmes will be approved against standards detailed in the document Future nurse: Standards of proficiency for registered nurses (NMC, 2019 – hereafter ‘the standards’). This publication lists “the knowledge and skills that registered nurses must demonstrate when caring for people” (ibid, p.3); and from September 2020, registration (licence) will require the successful completion of programmes that have been ratified against these standards. The importance of this document in a UK context cannot be understated. However, less parochially, learning outcomes contained in section 7 of the standards raise questions that require educator attention whenever politically sensitive topics (broadly conceived) are discussed. This study explores these questions insofar as they relate to the stance (neutrality or partisanship) that educators adopt in politicised discussion, and the management of student speech/expression. Pratt, Boll and Collins’ (2007) paper Towards a plurality of perspectives for nurse educators is recruited to structure argument