As Quebec drivers know all too well, the transition from winter to spring often involves an increase in potholes and uneven surfaces across the province’s roadways. These infamous road hazards can result in significant damage to vehicles, as well as potentially causing drivers to lose control. According to a new Léger poll conducted on behalf of Allstate Insurance Company of Canada, 78 per cent* of Quebec drivers use the wrong techniques when approaching potholes.
”Potholes seem to have become a part of everyday life for Quebecers,” says André Parra, Regional Claims Director of Allstate Insurance Company of Canada. ”At times, they seem to almost sneak up on us, but if we remain focused on the road and learn a few techniques, we can help limit significant damage to our vehicles.”
According to the Allstate Canada survey results, almost half (47 per cent*) of Quebecers say their car has been damaged by driving over a pothole. For more than half of them (53 per cent*), the repairs ranged from $101 to $500. Not surprisingly, virtually all Quebecers (96 per cent*) agree potholes are an ongoing issue.
How should we approach potholes?
When it comes to potholes, only a fifth of drivers (20 per cent*) slow down on approach, while 78 per cent resort to swerving around them. This method of avoidance is higher among drivers whose vehicles were previously damaged due to a pothole (81 per cent*). Swerving, however, is not a recommended approach as it could result in a collision with another vehicle.
“I’m not surprised to see the results of the survey. It just shows how important it is for drivers to learn how to share the road with potholes,” says Jean-Denis Quenneville, Vice President at the Québec Association of Mechanics & Tire Specialists. ”You don’t want to slam on the brakes while going over a pothole. The tires, wheels, alignment, and suspension may take on more impact, and abruptly turning the steering wheel could cause even more damage because you risk hitting other cars and causing a collision. There are a lot of factors to consider simultaneously,” he adds.
Tips to safely minimize or avoid damage from potholes
With pothole season now here, Allstate Canada offers the following safety tips.
- Keep your eyes on the road – Watch for cars ahead of you that are swerving or braking unexpectedly to prepare for potential issues ahead.
- Hold on to the steering wheel – Always use both hands so you don’t lose control of the vehicle.
- Avoid sudden or harsh braking – If you are unable to avoid a pothole, the reaction might be to suddenly hit the brakes. Don’t. It can result in more damage or loss of control. Instead, take your foot off the gas to slow down.
- Avoid turning the steering wheel abruptly – You can damage your wheels, hit other cars or cause a collision.
- Make sure tires are properly inflated – Over or underinflated tires are at higher risk of getting damaged.
- Check your vehicle regularly – Monitor if there are dents in the rims or bulges in your tires. A car that pulls one way or the other could be a sign of bigger problems.
- Report potholes – To report a pothole of any size and request roadside repairs, get in touch with your local municipal services or call Transports Québec at 511.
For more safe driving tips, visit the GOOD HANDS® blog at goodhandsadvice.ca.
SOURCE Allstate Insurance Company of Canada
Leading Decentralized Investment Banking Group – Coinstreet Partners, Awarded Asia Futurist Leadership Award
The Asia Futurist Leadership Award in the category of High Flyer Award – Outstanding Deal Originator In Asia was awarded to Coinstreet Partners by the Association of Family Offices in Asia, the Association of Private Bankers in Greater China and the Women In Leadership Association at the Asia Futurist Leadership Summit, held in Hong Kong during International Financial Week.
Asia Futurist Leadership Awards (AFLA) recognize family offices, family enterprises, industry professionals, private banks, institutions, funds and new ventures around the world that are creating a positive environment, promoting sustainability and making social impact, ultimately contributing to the creation of a better world.
The Association of Family Offices in Asia, principal organizer of AFLA, is a professional society that distinctively connects single, multi and virtual family offices as well as the industry societies in the region. It currently has more than 9000 institutional associates and hundreds of single and multi-family office members, with investment net worth typically over USD50 million.
“Digital assets are one of the transformative forces shaping the new face of the financial service industry and the economy as a whole. We would like to see more prudent players and regulation to ensure this development heads in the right direction,” said Ms. Eva Law, Founder and Chairman of the Association of Family Offices in Asia. “We are very pleased to see Coinstreet Partners win this award and look forward to their continuous effort to make digital assets widely available, and bring value to investors and to economic development.”
“Congratulations to Coinstreet for winning the Asia Futurist Leadership High Flyer Award, it recognizes them as an outstanding deal originator in Asia, and their vision to crossover Finance, Media and Technology is an exciting future trend,.” said Ms. Mercedes Ho, Executive Director of Forbes Global Alliance, and the presenter of the award.
Coinstreet is a leading decentralized investment banking group and consultancy firm in the F.M.T. (Finance, Media & Tech) field, providing a business eco-system for the new era of digital economy. Coinstreet focuses on five business segments: Token Finance Consultancy, Digital Asset & Wealth Management, PR Media & Investor Relations, Digital Asset Tokenization & Trading Platform, and Decentralized Finance & DLT Solutions.
“The Association of Family Offices in Asia is a highly respectable organization in traditional investment communities,” said Mr. Samson Lee, Founder and CEO of Coinstreet Partners. “We are very honored to be the recipient of the Asia Futurist Leadership Award. It represents a significant recognition of our efforts and vision of the convergence between the traditional financial eco-system and the digital assets system.”
According to a survey from the World Economic Forum, around 10% of global GDP will be tokenized and stored on Blockchain by 2027. Coinstreet serves clients with tokenization needs ranging from stablecoins, real estate, financial services, technology, biotech, healthcare, telecommunications, energy, manufacturing, hotel, hospitality, lifestyle, gaming, media and entertainment sectors. Significant growth in the number of high-quality STO projects and global expansion of investor communities is expected, as adaption of this new corporate finance model gains popularity globally.
SOURCE Coinstreet Partners
Monerium and Algorand enter partnership to issue e-money on the Algorand protocol
Monerium (https://www.monerium.com/), the world’s first authorized provider of licensed e-money for blockchains, and Algorand Inc. (https://www.algorand.com/), the world’s first open source, permissionless, pure proof-of-stake blockchain protocol, announce a non-exclusive partnership to support the Algorand protocol in 2020 with Monerium’s fully programmable and redeemable e-money.
Mainstream adoption of blockchains requires a reliable form of digital cash on-chain. Since receiving its e-money license in June 2019, Monerium has announced several B2B use cases for e-money, including a cross-border transaction in euros. Monerium now supports e-money across the EU, Iceland, Norway and Liechtenstein in US Dollars, Euros, British Pounds, and Icelandic krona.
Algorand recently benefited from a significant upgrade, Algorand 2.0, which includes a number of features that enable sophisticated exchanges such as account quarantine, whitelist models, flexible asset reserve models and more.
“We look forward to supporting the Algorand protocol. Algorand incorporates key features for many mainstream use-cases, including stateless smart contracts and scaleable proof-of-stake consensus. The Algorand leadership has taken a pragmatic and deliberate approach in designing a blockchain for mainstream applications while staying close to the ethos of the open source community” states Sveinn Valfells, co-founder and CEO of Monerium. “Supporting new blockchains with mainstream relevance is a priority for Monerium.”
“Monerium and Algorand have a shared vision for real-world use cases that are enabled by advanced blockchain technology,” said W. Sean Ford, COO of Algorand, Inc. “We are thrilled that Monerium will be bringing their solution for e-money to Algorand and we look forward to our community’s ability to leverage the technology for straightforward regulatory compliance.”
SOURCE Algorand Foundation
Kadena Launches Public Chain with Smart Contract Transactions, Completing Industry’s First Hybrid Blockchain
Kadena, the first blockchain technology company to come out of JP Morgan’s Blockchain Center for Excellence, has announced the full launch of its public blockchain. Kadena’s public blockchain is first to market as a sharded Proof of Work Layer 1 network. Following the start of genesis mining in October 2019, Kadena has surpassed having two million blocks mined at hash rates as high as 40 TH/S. Today’s launch includes full transactions and the ability to write smart contracts. The latest functionalities of the network complete Kadena’s hybrid blockchain platform. Kadena is already delivering interoperability, scalability, and security across industries including finance, healthcare, and insurance.
The hybrid blockchain supports interoperability using Pact, Kadena’s open-source, Turing-incomplete smart contract language with Formal Verification. The simple smart contract language is powerful enough to code complex contracts and execute multi-party transactions. Enterprises and developers alike will find that applications once considered too difficult to build are now achievable with Kadena. Removing the complexity and vulnerability of other smart contract languages, Pact advances secure and legible transactions.
“Despite blockchain having immense potential, our experience building JP Morgan’s first blockchain showed us its limitations,” said Founder and President Stuart Popejoy. “Launching a fully functional hybrid blockchain which seamlessly integrates a public chain with a private network is a significant step forward in reimagining what applications can do on-chain.”
Kadena’s public blockchain functions through a braided, parallelized Proof of Work consensus mechanism, the only protocol that has been validated in the market. The architecture enhances throughput and scalability while preserving the reliability of Bitcoin. Kadena Kuro, the platform’s next-generation private blockchain, overcomes the challenges of security, scalability, and speed found in existing blockchains such as Ethereum.
“We’ve solved the scaling challenges of Bitcoin with parallel Proof of Work chains while addressing the security issues of Ethereum with Pact,” said Founder and CEO Will Martino. “Today’s launch of our public blockchain with smart contract transactions, which completes our hybrid platform, advances mainstream adoption. We’re excited to see how Kadena’s blockchain will empower entrepreneurs and enterprises to bring in Economics 2.0.”
The launch comes after Kadena completed a year full of milestones in 2019, including the news that next-generation blockchain networks such as Cosmos and Polkadot are looking to implement the Pact smart contract language. Businesses exploring deployment of applications on blockchain were able to utilize the speed and security of Kadena Kuro when it got listed on AWS Marketplace and Azure Marketplace with free community editions.
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