Archive for the ‘Decentralization’ Category

Organizing decision-making in pharma: centralized versus decentralized? – Consultancy.eu

As pharmaceutical companies navigate a rapidly changing and challenging landscape, leaders make continuous trade-offs as to what decisions and activities are driven from the headquarters, and what is left to the autonomy of local organisations. Eelco Rustenburg, Florian van Santen and Koen Harbers from BlinkLane Consulting outline how adopting cross-industry best practices can help pharma companies strike the right balance.

Historically, pharma companies provide relatively much autonomy to their organizational units in respective countries. In part, this follows from a strong growth-through-acquisition strategy. But it is also by design: decentralization allows for a better understanding of local markets, including specific rules and regulations for commercial engagement.

However, in recent years the downside of the decentralization model has also received much attention. As the need for innovation in all aspects of business increases from R&D to marketing investments grow substantially. The notion is that smaller markets are less able to keep up with the pace of change without the explicit support from global functions.

This is true for complex drug development naturally, but equally so for digital technology. Digital tech trends include the application of data-driven drug development, artificial intelligence and machine learning, and an increasingly complex marketing tool stack to personalize the message to customers and patients. Against this backdrop, many pharma companies are opting to increasingly centralize their organizations.

Yet as the level of centralization increases, so too does the risk of increasing decision-making latency the time it takes to reach a decision in response to a business change. Which in turn substantially hampers agility.

Therefore, pharma companies need to face the challenge: how to align all the individual stakes and priorities of local and regional affiliates? Or put differently: how to leverage the benefits of scale that central organizations bring whilst avoiding the risk of inertia from being pulled in every direction?

This challenge is not new pharma companies can learn from enterprises in other sectors that have taken on this challenge before. A large part of the answer can be found in three pillars: optimizing development speed, embracing agility across, and creating goal transparency and alignment.

While this might seem like an obvious pillar, in practice we see that organizations typically only give focus to an individual element: IT. True speed requires the whole organization to think and act differently.

A Swiss-based media company realized it had no shortage of ideas, but only a fraction made it to implementation and even these happy few suffered from long lead times. Rethinking the collaboration structure and process led to cross-functional teams, combining profiles from marketing, communication, web development and more.

Within three months of adopting the new way of working, project delivery (a campaign, a promotional article, a landing page) went up significantly.

Market circumstances change. At the same time, pharmaceutical companies serve multiple markets globally, and have to deal with an equal number of regulatory bodies. The result: complex governance and decision-making.

No amount of development capacity operating at maximum conceivable speed will ever be able to satisfy all affiliate needs all the time all at once. Enter the challenge of prioritization for global capabilities. Many multinationals that have grown from a central hub (e.g. airlines), have followed a productization strategy. Product [Management / Marketing / Strategy] has the authority and capabilities to make reasoned decisions in relative isolation.

In pharma companies, due to the nature of their products and market segments they serve, local knowledge is vital for the success of any new product or campaign launch. And that only supports the decentralized nature pharma companies already enjoy due to a history of acquisitions. But the dynamics in large, decentralized conglomerates is very different. As a result, decision making is a far more delicate matter.

Again, pharma can draw lessons from other conglomerates. Take a French-based multinational as an example. With 9 acquisitions in the last 5 years to a total of 20 in its history, it faces similar challenges of product, data and technology-portfolio alignment. They recently realized their project-portfolio governance did little to create a realistic and holistic view of priorities.

Their journey now emphasizes transparency at the global portfolio level and continuous prioritization over smaller pieces Minimum Viable Products of the initiative roadmap. It will allow them to shorten the feedback loop to all regional participants, earn their trust and remain agile.

Amplifying this agile portfolio governance for global capabilities is the emergence of local portfolio governance offshoots. Supported by a central team of experts, local and regional offices are adopting the same decision-making framework. From a local perspective, this strengthens their argumentation to the global team. But it also allows them to safely separate initiatives that do not need global support from the ones that do creating a two-track portfolio at the local or region level.

The role of the global team does not need to stop there. A parallel can be made with B2B tech companies. A European technology provider has a dominant position in travel tech, counting many of the major airlines as their customers. To serve their customers they rely for a large part on central product teams. But from a customers point of view, this is only a part of their total development capacity.

Often, they have their own teams that need to integrate with the companys products. They are not only interested in prioritizing all different customer requests for their own backlog in a manner that is explainable. They also promote and facilitate in-depth knowledge sharing across their customer base on topics that does not directly concern them yet.

They know that such conversations will lead to more uniform airline technology roadmaps which supports the reuse of their capabilities. Providing such a knowledge platform also makes them aware of what is happening, and where future global demand will be. Though different in context, similar principles in dynamics apply to global and regional teams in decentralized organizations.

A well-functioning portfolio management system allows for relatively quick comparison of a set of initiatives against a known set of value indicators. But that presumes we all have the same goal in mind. Which for large organization is rarely the case. To really reap the benefits of a central resource hub unhindered by the inherent increase in decision-making complexity, pillars 1 and 2 need to be accompanied by pillar 3.

A German tech conglomerate builds, markets and sells amongst others energy grid software globally. For all organizational functions and sites to work together and prioritize ideas effectively, they make sure each of them has the same set of objectives in mind. Top-level objectives are shared and form the basis for department goals.

Key results a system of outcome-oriented measurements provide the necessary clarity and focus: without these strategies risk becoming a container for everything, hollow words, or both. Conversations around these OKRs ensure high-level alignment and allow management teams to examine the inherent trade-offs between them. As such they also serve as a cheap litmus test: little acceptance signals the organization hasnt bought into such plans just yet.

Regular review cycles typically the quarter between leadership ensures also these objectives move along with reality. With an outcome-based objectives mechanism in place, global functions can always bring tense conversations back to the impact initiatives have on them. And working from a shared context is also the best guarantee that the discussions you do have, are really the ones in pursuit of selecting the best ideas to fit a shared agenda.

The global functions in pharma companies can benefit a lot from this level of alignment with their affiliates.

In the decentralized organizational setup common among pharma companies, strongly centralized change programs are highly scrutinized. The prevailing thought appears to be that the benefits of decentralization (local accountability, customization to context) also apply to organizational change. We would argue this to be a fallacy in the highly connected areas of technology-supported business functions.

Indeed, adaptation to local context is necessary. But where alignment between organizations is expected, working from common principles, a common heartbeat and a common language is a must.

Second, bottom-up changes in the way of working, however promising, just dont scale to its full potential without strong leadership support. Such support goes beyond sponsorship. In all cases outlined, leaders have actively encouraged their units, aligned with their peers, and convinced their superiors to offer the means as well as the freedom to experiment. They managed to build a coalition and sought the necessary expertise internal and external.

A Dutch public transport organization sought to radically transform their organization, merging Commercial with IT for all related business functions. A complex transformation breaking through silos and hierarchy, the transformation itself is set up as a program. The Director Commercial and IT was directly responsible for the success of the transformation.

The program worked with a smaller dedicated transformation team augmented with part-time change leads and ambassadors spread out over the Commercial and IT organizations functions. In this way, the organization kept track of the success of and lessons learned from the transformation to cross-functional teams in all areas whilst giving them autonomy to fit the changes to purpose as needed.

Over the past years, BlinkLane Consulting has applied the discussed transformation approach at many other clients like Air France KLM, Amadeus IT Group, and high-tech giant ASML.

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Organizing decision-making in pharma: centralized versus decentralized? - Consultancy.eu

Cryptocurrency vs. Traditional Banking: Understanding the … – Global Trade Magazine

The way we do business is changing as technology develops. The realm of finance is one such sector where technology is having a huge impact. The rise of cryptocurrencies has put the conventional banking system under pressure and is presenting an alternate method of conducting financial transactions. In this article, we will examine the distinctions between regular banking and cryptocurrencies and emphasize the advantages of each.

The rise of cryptocurrency

In order to safeguard transactions and regulate the generation of new units, cryptocurrency employs encryption methods. With the development of Bitcoin, the first and most well-known cryptocurrency, it was presented to the public in 2009. Other digital currencies have since emerged, including Litecoin, Ethereum, and Ripple. Cryptocurrencies are not centralized, unlike traditional money, and are not managed by a bank or government. Transparency, security, and near-impossibility of manipulation are all a result of transactions being recorded on a blockchain, a public ledger.

The traditional banking structure

On the other hand, the conventional banking system has existed for many years and has served as the main method of managing financial transactions. In this centralized system, banks serve as a middleman between the parties to a transaction. You are effectively lending the bank your money when you deposit money in a bank, and in exchange, the bank pays you interest. Banks lend money to people and companies, charging interest in exchange, using the funds they receive from deposits.

Cryptocurrency and traditional banking: Differences

The key distinctions between cryptocurrencies and conventional banking come from the way they are built.

Centralization vs. Decentralization- Cryptocurrencies and

conventional banking vary most noticeably in their decentralized vs. centralized organizational structures. Decentralized means there is no single entity in charge of cryptocurrency. Traditional banking, in contrast, is centralized, with banks serving as go-betweens for the parties to a transaction.Transparency- Transparency is another significant distinction. Transactions involving cryptocurrencies are transparent and nearly difficult to tamper with since they are kept on a public database known as a blockchain. While banks are not required to make their transactions publically available, traditional banking transactions are opaque.

Security- Another significant distinction is security. Cryptocurrencies are protected by encryption methods, making hacking them nearly hard. Contrarily, traditional banking institutions are open to fraud and online threats.

Advantages of cryptocurrencies

Lets examine the advantages of each now that we have examined the distinctions between cryptocurrencies and conventional banking.

Transparency- Transparency is among the most important advantages of cryptocurrencies. Transparency and security are provided via the recording of transactions on a blockchain, a type of open ledger. This openness lowers the possibility of fraud and guarantees that business dealings are handled fairly.

Decentralization- Due to the decentralized nature of cryptocurrencies, users can verify and record transactions, providing greater transparency, increased security, and lower transaction costs. You have complete control over your assets when you buy bitcoin or other cryptocurrencies since there is no need for a centralized organization or middleman.Security- Additionally, cryptocurrency is incredibly secure. Transactions are protected using encryption methods, rendering them essentially unhackable. As a result, consumers may transact with assurance knowing that their valuables are secure.

Advantages of conventional banking

Several advantages are also provided by conventional banking systems.

Regulation- Regulation is a key advantage of conventional banking. Banks are subject to a lot of regulation and have to follow tight guidelines. This guarantees that business dealings are performed honestly and that client assets are safeguarded.

Familiarity- Additionally, most people are more accustomed to traditional banking systems. Banks have been processing financial transactions for many years and are a reliable option.

Customer service- Last but not least, conventional banking systems provide customer service. If you require assistance or have a problem with your account, you may contact customer support, who can assist you in resolving the situation.

Which is better, traditional banking or cryptocurrency

This questions answer will depend on your unique needs and preferences. Both cryptocurrencies and conventional banking systems have advantages and disadvantages, so the choice ultimately depends on which is more appropriate for your requirements. Cryptocurrency could be a better option for you if you value transparency, security, and decentralization. However, traditional banking may be a better choice if you value regulation and customer service and prefer the familiarity of those systems.

It is also important to remember that while cryptocurrencies provide a number of advantages, there are also hazards involved. Because they are so volatile, cryptocurrencies values can change drastically very quickly. Additionally, there is a chance of fraud and computer attacks, and because cryptocurrencies are unregulated, investors have no protection. Traditional banking systems, on the other hand, provide consistency, security, and regulation. Your valuables are safeguarded, and if you want assistance, you may contact customer service. Traditional banking systems can be sluggish and expensive to use, and they can also be vulnerable to fraud and cyberattacks.

Final reflections

With an alternate method of handling financial transactions, cryptocurrencies have challenged the conventional banking system. Traditional banking institutions are controlled, regulated, and provide customer service; cryptocurrency is decentralized, transparent, and secure. A persons preference ultimately determines whether to utilize cryptocurrencies or conventional banking systems. When choosing between the two systems, its crucial to take your needs and preferences into account even though each has advantages and disadvantages of its own. Understanding the dangers and advantages of the system you select as well as taking action to safeguard your assets are crucial.

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Cryptocurrency vs. Traditional Banking: Understanding the ... - Global Trade Magazine

New to Web3? Know these 10 Basics About It – Analytics Insight

If you want to learn these 10 Web3 basics and are new to Web3 technology, check out this article

The World Wide Web now has billions of users thanks to the strong, reliable infrastructure that centralization has built. At the same time, a small group of centralized organizations controls a sizable portion of the World Wide Web, making decisions on what should be permitted and what should not. This conundrum has a solution in Web3. Web3 technology promotes decentralization and is created, run, and owned by its users rather than a Web dominated by major technological firms. Web3 offers individuals that authority instead of giving it to corporations. If youre new to Web3, know these 10 basics about Web3.

Working with or using apps that already adhere to Web3 standards is one way to become engaged. These businesses often work in the technology industry and provide services including networking, arranging bitcoin exchanges, and creating software and infrastructure solutions.

Do a Web3 Inu search on CoinMarketCap. The Market button may be found next to the price chart. You can see a comprehensive list of stores where you can buy Web3 Inu in this view, along with the currencies you may use to do so.

Web3 wallets are online wallets made specifically for dealing with decentralized Web3 apps built on blockchain technology. Users may store and manage their digital assets, including their cryptocurrencies, NFTs, and other digital tokens, using these tools.

The most well-known and well-liked web3 domain, eth, is built on the Ethereum blockchain. Decentralized apps (dApps), digital wallets, and other initiatives involving Ethereum are the most prevalent uses of eth. A web3 domain called sol is used to distinguish cryptographic addresses on the Solana blockchain.

The Internet is not mostly managed and owned by centralized organizations as it is in Web3, which distributes ownership among its creators and users. Web3 is a permissionless platform; anybody can engage in it with no barriers in place.

Web3, its decentralized successor, may pave the way for a more inclusive future in which digital people everywhere can participate in ownership. The Web3 movement is only getting started, but blockchain has been around for more than ten years.

AI and Web3 are causing disruptions in the banking sector as well. To identify financial hazards, for instance, AI is being utilized to develop prediction models. Additionally, Web3 is being utilized to develop a brand-new financial system in which payments are conducted using blockchain technology.

A web3 protocol mainly refers to the underlying blockchain protocols on which web3 apps and services run because Web3 is built on blockchain technology. The protocols specify the networks interface, computer communication, incentive systems, etc.

Decentralization, which promotes openness while preserving greater privacy, is supported by Web3. The decentralized Web3 environment may be used by enterprises that rely on SaaS, e-commerce, and other services. It will enable them to maintain a secure database for the data of their clients.

The third iteration of the internet is called Web3. Blockchain chain technology serves as its foundation. The ideas of privacy, ownership of your data, and decentralization were introduced with the introduction of Web3. Without a doubt, we can build web3 applications that are Ethereum-based, but web3 itself is not Ethereum-based.

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New to Web3? Know these 10 Basics About It - Analytics Insight

Interview: Researcher Anthony Bryk on Chicago Schools Radical New Direction – Yahoo News

May 15 will mark the beginning of a new day for schools in Chicago.

Thats the day Brandon Johnson, a former organizer for the Chicago Teachers Union, will lay down the mantle of progressive insurgent and take the oath of office as mayor. Last month, in the citys closest mayoral race in 40 years, Johnson prevailed by just 26,000 votes over former Chicago Public Schools CEO Paul Vallas, a technocrat who ran on a record of support for education reform.

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The win represented a generational breakthrough for Johnson and his union, which has waged a decade-long struggle against a regime of school choice and accountability that stretches back to Vallass tenure. That ambitious complex of policy and regulation was carefully installed over decades, including a lengthy interval during which Chicago saw some of the fastest academic growth of any major school district in the United States but also a steadily building resistance from educators and community members over controversial policies like school closures.

The lessons of the long reform era are detailed in a new book, How a City Learned to Improve Its Schools, released in April by Harvard University Press. In five chapters, the text chronicles the genesis of Chicago Public Schools transformation beginning with a 1988 state law initiating an unprecedented decentralization of autonomy from the district office to local school communities and the adoption of stringent accountability measures that in some ways anticipated the federal No Child Left Behind Act.

The books lead author, Anthony Bryk, offers a rare perspective on the city. A veteran researcher and former president of the Carnegie Foundation for the Advancement of Teaching, Bryk previously served as a professor of urban education at the University of Chicago. In 1990, he helped found the UChicago Consortium on School Research, a data hub that has generated a host of influential studies on Americas fourth-largest district.

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Bryk believes the evolution of CPS under leaders like future U.S. Education Secretary Arne Duncan and long-serving Mayor Richard M. Daley helped spur a leap forward in student performance by engaging CPS families, improving the selection and development of teachers, and allowing administrators more latitude in running their schools. The results were revealed in a 2017 analysis by Stanford sociologist Sean Reardon, which found that Chicago elementary and middle schoolers gained six years of academic benefits from just five years in school.

RelatedCompeting K12 Visions Collide in Chicago Mayors Race

But he has reservations about the future of the citys schools, and particularly the gradual establishment of an elected board that will oversee them. In an interview with The 74s Kevin Mahnken, Bryk offered his views on what worked during Chicagos turnaround; the warning signs ahead, including dramatically falling enrollment numbers and mounting debt; and the unions overnight move from one of the districts biggest critics to perhaps its most important actor.

This might be as radical a reform in governance as one could envision, Bryk said.

This interview has been edited for length and clarity.

The 74: Your book depicts a long journey toward school improvement in Chicago during the 1990s and 2000s. But the years since have been marked by a great deal of tumult, obviously including the pandemic. How far has the district come, and where is it headed?

Anthony Bryk: I think about Chicago Public Schools within the broader context of major American school systems at the moment. We are clearly in an unprecedented time with respect to post-pandemic trauma and learning loss, which have been especially pervasive for those students who are most dependent on strong civic institutions. Of course, were also living through a period of racial reckoning as we come to better understand the vestiges of systemic racism that operate in big urban school districts.

Former U.S. Secretary of Education William Bennett allegedly dubbed Chicago Public Schools the worst school district in America. (Norm Staples/Getty Images)

Then you bring in the Chicago-specific context of a new mayor and, perhaps even more important, the shift to a 21-person elected school board over the coming years. Most people dont realize that Chicago has never had an elected board, and a 21-person board is just a huge change. Over the last number of years, theres also been renewed conflict between labor and management in schools, and like a number of other places, but maybe more so in Chicago the district is experiencing a new round of budget shortfalls.

Together, these factors pose extraordinary challenges. Although the array is quite different, it appears to me in some ways like what Chicago felt like in the 1980s, at the beginning of the work to turn around local schools. [Then-Education Secretary] Bill Bennett visited Chicago and called it the worst public school system in America. I doubt if it was the absolute worst, but it was clearly one of the most troubled public school systems in the country. And while the specific challenges that had to be confronted were different at that time, their scope certainly strikes me as comparable to what the city is facing now.

I would expect the teachers union to organize and have a significant voice within that new board. If you get this kind of progressive alignment the union and the mayor and school board and the governor in Springfield Im curious to see whether these people can actually solve these challenges. Its one thing to go around criticizing what others do, but theyll now be in a position to do something.

The big difference, as we write about in the book, is that there is now a civic architecture that grew up over the past several decades. Its an interesting kind of architecture in that the politics of urban districts typically tend to focus on shaping what happens at the systems center; but a lot of the energy in Chicagos reform push was focused on making ideas work out in schools and finding new ways of developing teachers and school-based leadership. A lot of social learning emerged around the work of school improvement, and there was space for new ideas. The district, over the period of [Arne] Duncan, was open to partnerships with the business community, foundations and lots of new organizations. It generally kept things stabilized even through the period of 20102017, when we saw a lot of financial issues and churn in system leadership.

Thats what leads me to think that Chicago is still positioned well to take on these new problems. The improvement work in Chicago keeping kids on-track through high school and onto college, developing a framework of essential supports and regularly reporting evidence has created coherence among an incredibly diverse array of actors, and those will be resources in the years ahead. Having said all that, its really hard for me to discern how this shift to an elected board will unfold. In my mind, thats the real wild card.

Can you be more specific about the steps that led to academic improvement over the last few decades?

We describe decentralization as the DNA of reform. Over the decades, theres been a lot of attention paid to governance as a key lever for reform. Whats important to take from the Chicago story is what governance change did and the mechanisms it opened up. One of the things it did was to recognize schools as the principal unit for change: How do we get schools to get better at their core work?

The 1988 law [the Chicago School Reform Act, which formed local school committees that gained authority over hiring and budgetary practices in individual campuses] made that critical. It helped reform the relationships between and within schools and local communities, and it brought a horizontal dimension to relationships where, traditionally, educators looked vertically up to bureaucratic actors to tell them what to do. And by virtue of the fact that there were real resources made available to schools, there were opportunities for innovation to occur; a lot of them were wasted, but some very positive things emerged and eventually spread across the system.

One of the key initiatives was all the attention to how principals were selected, supported and evaluated. Again, when you see schools as the prime mover for change, you focus carefully on the quality of leadership at school sites. Chicago is a huge district, but there are only about 600 people who do this work, and maybe 100 get replaced each year. That makes the task of identifying and developing school leaders a manageable one, and it did become a priority in CPS.

There were efforts to create more aligned instructional systems: curricular materials, professional development, assessment data to judge the progress of students and feedback systems to support teachers in their own improvement. In the past, it had been the task of central administrations to make all these pieces run and work together because its so hard to put them together in individual schools. Not impossible, but hard.

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Thats where some tension plays out. Itll play out, for instance, around the new Skyline curriculum that CPS has heavily invested in. From what I know of the design principles behind Skyline [an online compendium of learning resources that the district spent $135 million to develop], its an attempt to create a coordination environment across various systems and generate good, formative information to support improvement. But thats a huge undertaking, and it runs the risk of the central office defining whats to be taught, how its to be taught and what evidence should be used.

The tension lies in the fact that you need lots of capacity to build an integrated instructional system that has the promise of actually delivering more ambitious academic outcomes, both reliably and at scale. But then you confront this political issue that democratic localism was intended to solve, i.e., We want to push these problems into local school communities to decide what they think is best for their own children. So to some extent, were shifting back now to more centralized control.

Youre describing these organizational dynamics and players in a very different way than Im used to hearing about them, which is always through the prism of reformers vs. unions. Do you think that debates over K12 politics are cast too simplistically, both by the press and the combatants themselves?

I do. When the second major reform act passed in 1995, it turned over control of the system to the mayor of Chicago, who appointed the board and the CEO. Since the mayor at that time [Richard M. Daley] also basically controlled the City Council, 49-1, you essentially had unitary politics in Chicago for a 15-year span. You just dont see that in big, urban districts. And there was mostly peace between labor and management from 1995 to around 2011.

There were a few things that established that peace. One was that Illinois had swung Republican in 1994. We had a Republican governor and a Republican legislature, which had been very rare, and downstate Illinois was intent on taking a sledgehammer to the Chicago Teachers Union by stripping out a lot of provisions around collective bargaining. But when the mayor took over, his office chose not to use a lot of the power it had been given. They didnt bludgeon the union; Paul Vallas actually figured out how to negotiate a multi-year contract with decent wages for CTU members. In the early 2000s, there was an element within the union that emphasized professionalizing teaching, and the system sent some resources in that direction as well.

RelatedAs Chicago Prepares to Close Additional Schools, New Report Shows the Shuttering of 49 Campuses in 2013 Led to Lower Test Scores

At that time, there wasnt a traditional labor-management conflict. In some regards, it looked more like a European system, where theyve got more of a cooperative relationship than you tend to see in American cities. But it broke down after 2010, largely because enrollments were declining, and we had financial issues affecting both the city and the state. Those are what led to the closure of all those schools. The conflict is quite active again in Chicago, but there was a period of time when these forces were working together in a more productive fashion.

Those long-term declines in enrollment, combined with big deficits of academic and social-emotional skills following the pandemic, seem to pose the biggest problems to Chicago schools right now.

The situation is extraordinarily challenging. In big districts like Chicago, where revenues are predicated on a per-pupil basis, its all fine as long as the student margins are growing. But when you start subtracting, which is what the city has been doing for years, the fixed costs dont go down with every person who walks out of the building. They closed a lot of schools, but theyve still got a lot of schools that are already under-utilized and will probably become more so. The way we financially support school systems doesnt really take that into account.

Students walked out of class in solidarity with teachers during a COVID-related work stoppage in 2022. (Scott Olson/Getty Images)

Its going to be interesting to see a mayor coming out of the teachers union. With the move to an elected board, I would expect the teachers union to organize and have a significant voice within that new board. If you get this kind of progressive alignment the union and the mayor and school board and the governor in Springfield Im curious to see whether these people can actually solve these challenges. Its one thing to go around criticizing what others do, but theyll now be in a position to do something. What would better look like, and how would they get to it?

Would you agree that, whatever the political configuration moving forward, the urgent question is whether the district can shrink its footprint to match the roughly 100,000 fewer students it now educates compared with 20 years ago?

From a purely financial point of view, CPS has got more buildings operating than it surely needs. But one of the results of that is that the typical school, particularly at the high school level, has gotten smaller. Of course, the smaller size allows more personalized relationships to form between faculty and students and parents. Going back to the 90s, we did see that smaller schools were more likely to engage in reform in productive ways. You tended to see stronger reports about relational trust in that students felt that adults knew and cared about them more. No one intended this, but in shrinking the size and population of schools, they actually created resources for improvement by making them less bureaucratic places.

That certainly contributed to improved high school graduation outcomes: Reduced size has enabled more intimate relationships to form between adults and students which have, in turn, allowed more students to graduate. At the same time, you do have this financial squeeze that will almost certainly force the district to close more buildings.

Do you think thats feasible, given the backlash that school closures spawned during Mayor Rahm Emanuels administration? The shrinkage that youre describing as almost inevitable is also a politically explosive scenario.

Without question, one of the most contentious issues in Chicago politics is that of closing schools. Emanuel closed 50 of them all at once, and there had been an initial threat of something like 130 candidates for closure. It fractured political alliances, and it was a key component of the revival of the Chicago Teachers Union as a political force.

Parents and educators alike protested the closure of dozens of Chicago schools in 2013. (Scott Olson/Getty Image)

If you go back to 1987, the union was broadly vilified across Chicago by parents and community leaders. In the opening pages of our book, we reproduce a very critical Chicago Tribune cartoon of the CPS from that era. If you fast forward to 2015 and the aftermath of the school closings, it was the union that organized parents and community members against the system. It was a fundamental realignment but having said that, there was another shift of some dimension during the pandemic. The union was largely responsible for keeping Chicago schools closed for a very long time, which didnt necessarily work to the benefit of all parents and children.

Another equally important factor is this period of racial reckoning. Race has always been a big issue in Chicago, but its gotten really heightened attention over these last four or five years. That has made it much more challenging to form the community relationships that supported improvement for several decades.

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Is the CTU now the most important single actor in Chicago Public Schools?

In all likelihood, yes.

This is brand-new territory. Teachers unions have organized in other cities to get members elected to boards of education, but when a teachers union is recognized as being responsible for how a system operates, thats really new. The elected board is structured to phase in over the next four years, such that half the seats are appointed but theyre appointed by the mayor. In that sense, this is positioned to be as novel a governance reform as we saw in 1987, which was the most radical decentralization of public education that had ever been tried in the United States. Chicago is positioned to have a public school system run by its teachers union.

This is positioned to be as novel a governance reform as we saw in 1987, which was the most radical decentralization of public education that had ever been tried in the United States. Chicago is positioned to have a public school system run by its teachers union.

As an aside, something on the horizon that hasnt gotten a lot of attention is the new authority for school principals to collectively bargain. Whether that actually comes into play is an open question, but if principals organize, its not clear to me that their union will be on the same side as the CTU on all issues.

At the same time, is it fair to say that some of the measurements of school performance in the district including school ratings, which have relied to one degree or another on student test scores are due to be refocused on different metrics?

I totally agree that these things are all being challenged. But theyre essentially written into regulations, and some of them are federally mandated by things like Title I and the Every Student Succeeds Act. While the existing assessments and their use will be challenged, theyre going to have to be replaced by something; I cant imagine us going to nothing, no measures of achievement and school quality.

The question is, what are they going to replace it with? Over the last couple of decades, theres been so much focus on being evidence-based in how researchers and policymakers do our work; but of course, that is predicated on evidence. So if you dont like the evidence weve been using, whats going to take its place? It might be hard to arrive at suitable replacements, especially in a heavily choice-based district like Chicago. In a choice district, parents have to have evidence to make their choices about where to send their kids to school what are they going to use?

Again, thats the difference between being in a critics role, where you challenge the status quo, and being in the governance role, where you say, Heres what were going to do instead. Right now, its not clear that there is an instead.

If you were designing a district from scratch, would you create a school board of 21 elected members?

No, Id have to say I would not.

Chicago Public Schools is something like a $9 billion operation. Its a huge enterprise that has to be managed. A 21-member elected board managing a $9 billion enterprise like I said earlier, this might be as radical a reform in governance as one could envision. Theres just no way to predict how it plays out.

Would you want to be a superintendent accountable to a 21-member board? It just opens up challenges for which we have no precedent to suggest that it will work well.

Could I imagine a scenario where this really works well? Yeah. I could imagine one where labor and management begin to come together because labor really has a stake in the success of the system. In the old days, they might have said, Well, thats managements responsibility, not ours. Now its all ours. So yes, this could evolve in a productive fashion. But would you want to be a superintendent accountable to a 21-member board? It just opens up challenges for which we have no precedent to suggest that it will work well.

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Bitcoin hash rates threaten blockchain decentralization – Cointelegraph

Blockchain technology was introduced in 2008 as a decentralized, secure, transparent system for managing digital transactions. Its primary aim was to provide a solution to major problems with traditional transactional systems, including trust, security, decentralization and efficiency. Blockchain has since expanded beyond finance and has been used in supply chain management, healthcare, games, digital media and social media, among others.

However, the blockchain industry is still facing significant challenges such as a lack of diversity, wealth control by a few holders, hash rate problems and a loss of the promise of decentralization.

The cryptocurrency on everyones mind and in the digital wallets of more than 400 million people around the world is Bitcoin (BTC). Bitcoins hash rate is the computing power required to validate transactions and produce new blocks on the Bitcoin blockchain. A high hash rate is necessary to maintain the integrity of the Bitcoin network, but it also presents some significant challenges.

One of the most pressing issues is the high energy consumption required to maintain a high hash rate. As more miners join the network, the hash rate increases and so does the energy consumption required to sustain it. The environmental impact of BTC mining has led to concerns throughout Bitcoins volatile history and rise to mainstream fame.

Another challenge with Bitcoins hash rate is the centralization of mining power in a few large mining pools. As the hash rate has increased over time, it has become increasingly difficult for individual miners to compete with these large pools, leading to concerns about the potential for these pools to monopolize the network and control the direction of Bitcoins development.

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There is also the potential for 51% attacks by mining pools that control the majority of the hash rate. If a single mining pool or a group of mining pools controls over 50% of the hash rate, they could potentially control the network and carry out malicious activities, such as double-spend attacks or rewriting transaction histories. This presents a significant threat to the security and integrity of the Bitcoin network.

Finally, the limited scalability of the Bitcoin network is another challenge associated with its hash rate. As more users join the network and the number of transactions increases, the network can become congested, leading to slow transaction times and high fees. This can limit its utility as a viable payment system and has led to ongoing debates within the Bitcoin community about how to address these scalability challenges.

The blockchain industry has quickly fallen into a massive imbalance of power, mirroring the traditional finance industry. The concentration of wealth and power within a small group of individuals has created an industry that is far from decentralized. Those who were early adopters of blockchain technology, particularly Bitcoin, were able to accumulate large amounts of wealth through mining, investing and trading.

This has led toa concentration of wealth and power within a small group of individuals. The complexity of blockchain further limited early adoption to a minuscule percentage of people in the tech world. This concentration of power and wealth has made it difficult for new players to enter the market and challenge the dominance of established players.

The high barriers to entry have also contributed to the imbalance of power in the blockchain industry. The cost of setting up and running a successful blockchain project can be significant, and not everyone has the resources or expertise to do so. This has made it difficult for new startups to enter the market and challenge the dominance of established players.

Network effects also play a role in the imbalance of power in the blockchain industry. Blockchain networks rely on network effects, which means that the value of the network increases as more people use it. This creates a self-reinforcing cycle where established networks become increasingly dominant, making it harder for new networks to gain traction.

Despite the challenges facing the blockchain industry, there are ways to address these issues and create a more sustainable, equitable system.

One of the most pressing issues with Bitcoins hash rate is its high energy consumption. To address this, the industry could move toward using renewable energy sources, such as wind or solar power, to power mining operations. This would not only reduce the environmental impact of Bitcoin mining but also make it more sustainable in the long run.

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To address the issue of limited scalability in the Bitcoin network, efforts should be made to improve the underlying technology. This could include the development of new protocols or the adoption of existing protocols, such as the Lightning Network, which could significantly improve the speed and efficiency of Bitcoin transactions.

Finally, greater efforts should be made to educate people about blockchain technology and its potential. This could be achieved by providing greater access to information and resources, offering training programs and workshops, and working with educational institutions to integrate blockchain into their curricula.

Alexa Karp is head of marketing at Lumerin and a former founding marketing manager at Metaplex. She is also an angel investor and adviser to more than 20 Web3 projects. She graduated with a BBA degree from Baruch College in New York.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Bitcoin hash rates threaten blockchain decentralization - Cointelegraph