Posera and DLT Labs Announce a Joint Venture to Implement Blockchain Technology into Hospitality POS and Payment Processing

Posera and DLT Labs Announce a Joint Venture to Implement Blockchain Technology into Hospitality POS and Payment Processing

Canada NewsWire

TORONTO, Oct. 20, 2017 /CNW/ – Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, and DLT Labs Inc., a global leader in blockchain solutions for enterprises, today announced a joint venture to deliver Blockchain technology into the hospitality POS ecosystem including developing a real-time transaction and inventory management system.

Blockchain is an electronic ledger that can be shared among disparate users and creates an unchangeable time-stamped record of transactions. Each digital record or transaction in the thread is stored in a block. Because blocks cannot be changed, and augmented by the additional protection of encryption, the data is immutable and inherently secure. Flexible architecture allows either an open or controlled set of users to participate in the electronic ledger. But one of the most powerful attributes of Blockchain is the ability to develop real-time systems that synchronize mass amounts of data.

“As leaders become increasingly aware of the economic and strategic benefits derived from real-time enterprise solutions, there is an industry shift to blockchain-centric systems on the horizon. The potential cost benefits in payment processing are enormous, and we believe the competitive and real-time nature of the hospitality industry will help drive adoption.  We are delighted to partner with DLT Labs, an innovator in the Blockchain space, to pioneer real-time solutions in the hospitality and payment industry,” said Akash Sahai, EVP, Strategy and Business Development, Posera.

One example of the benefits, by integrating payment processing on blockchain, all parties in the payment processing ecosystem (merchants, processors, suppliers, and ISVs) will have access to the transaction data in a secure and real-time environment. This will not only decrease exorbitant systems expenses, but enables an entirely new generation of real-time analytics solutions. As another example, the partnership with DLT Labs will allow Posera’s SecureTablePay® pay-at-the-table solution to accept crypto-currency, making Posera a pioneer in the process of accepting crypto payments in the hospitality industry.  SecureTablePay is now live in the market in the USA, certified with three major payment processors and available across the country.

“DLT Labs recognizes both the technical strength and domain expertise at Posera which will help us both accelerate this innovative development and quickly bring to market an exciting Blockchain development initiative,” said Neeraj Srivastava, Founder and CTO, DLT Labs. “The adoption of Distributed Ledger Technology is in its infancy, and we believe it is particularly suited to the demands of the hospitality industry, and more broadly throughout the payment industry, and we are extremely pleased to be working with Posera and their SecureTablePay solution,” added Srivastava.

About Posera

Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

Posera’s full service solutions include: SecureTablePay®, an EMV compliant pay-at-the-table application; Maitre’D®, a point of sale system which offers a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support; and KDS, a Kitchen Display System that is now available as a standalone product. Posera’s solutions are deployed globally across the full spectrum of restaurants, from large chains and independent table service restaurants to international quick service chains and its products have been translated into eight languages.

More information about Posera can be found on the Company’s website at www.posera.com or under the Company’s profile on SEDAR at www.sedar.com.

About DLT Labs

DLT Labs is a global leader in the development and implementation of Blockchain solutions for enterprises. The company’s leading group of architects, using proprietary DNC Cluster Framework and Parent & Child Smart Contract Architecture, design and deploy distributed enterprise applications with high scalability, security, and throughput. With the world’s premier team of distributed application designers and integrators, DLT Labs has extensive enterprise experience and expertise with all distributed ledger/Blockchain technologies including Enterprise Ethereum, IBM’s Fabric, R3’s Corda, JP Morgan’s Quorum, and other leading enterprise platforms.

SOURCE Posera Ltd.

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DevMcGill and TGTA win a prestigious INOVA Award presented by IDU for their project Le Castelnau

DevMcGill and TGTA win a prestigious INOVA Award presented by IDU for their project Le Castelnau

Canada NewsWire

MONTRÉAL, Oct. 20, 2017 /CNW Telbec/ - As part of the 2017 INOVA Awards Gala hosted by the Urban Development Institute of Quebec (IDU) held on October 19 at the InterContinental Montréal, DevMcGill and TGTA won an INOVA Award in the Multi-Residential Category, whose construction costs exceed $ 50 million for the project Le Castelnau. “It is a great honour for DevMcGill and TGTA to receive such recognition. We hope to stay on this road paved by excellence and constant willingness to innovate and to which we have, to the best of our abilities, contributed to shine light on Montréal through building projects respectful of built heritage. We strive for very high standards in terms of quality and we believe this award is evidence” declared both Stéphane Côté, President of DevMcGill and Martin Galarneau, Partner at TGTA, while receiving their INOVA Award.

Castelnau project from DevMcGill and TGTA (CNW Group/DevMcGill)

Le Castelnau, a high-end condominium project developed by DevMcGill and TGTA, emerged from the conversion and restoration of the Institut des Sourds-Muets, a historic grey-stone building of Beaux-Arts architecture, from 1921. Three new phases seamlessly came to surround this landmark building. Sound integration of an important existing building to a resolutely modern proposal constitutes the essence of the chosen architectural scheme by architecture Roch Cayouette and the firms Cardinal Hardy/Lemay Architects.

For DevMcGill and TGTA, Le Castelnau enhances the residential real estate offer and actively contributes to the neighbourhood’s revitalization, now one of Montréal’s very dynamic and popular borough. It respects and enhances the symbolic value of a significant building and manages to rekindle its meaningful role in today’s urban fabric.

The IDU’s INOVA Awards highlight the talent of those who contribute to shine light on Quebec’s building expertise. It recognizes the most innovative projects in the fields of commercial, multi-residential, industrial and public services real estate, which significantly impact communities.

 

Logo: DevMcGill.com (CNW Group/DevMcGill)

Logo: TGTA (CNW Group/DevMcGill)

SOURCE DevMcGill

View original content with multimedia: http://www.newswire.ca/en/releases/archive/October2017/20/c4083.html

The Graduate Center and Princeton University Enter Joint Endeavor to Explore the Interface Between Physics and Biology

The Graduate Center and Princeton University Enter Joint Endeavor to Explore the Interface Between Physics and Biology

$13 Million grant over five years from the National Science Foundation supporting doctoral student and CUNY advanced undergraduate science education

PR Newswire

NEW YORK, Oct. 20, 2017 /PRNewswire-USNewswire/ – The Graduate Center (GC) of the City University of New York (CUNY) has entered into a joint endeavor with Princeton University to explore the interface between biology and physics through the establishment of the Center for the Physics of Biological Function

This effort will be supported by the National Science Foundation through a $13 million grant over five years. 

The new center will support research at the Graduate Center, including the mentoring of postdoctoral fellows and a regular series of symposia and seminars. Public programs will bring the excitement of center activities to a broader audience, and an annual summer school for advanced undergraduates, to be held at Princeton, will expose CUNY students to new intellectual opportunities at the borders of classical scientific disciplines.

“We’re excited by CUNY’s new collaboration with Princeton, which we expect will lead to scientific discoveries and singular research opportunities for our graduate and post-doctoral students,” CUNY Chancellor James B. Milliken said. “We’re especially pleased at the option that some of our talented undergraduates will now have for summer study at Princeton’s well-respected laboratories. We also look forward to the series of public programs on issues in biophysics that the Graduate Center will offer at 365 Fifth Avenue.”

During the past several years, the Graduate Center has launched a substantial effort to become a focal point for research in the sciences. Among these efforts is the Initiative for the Theoretical Sciences (ITS), which aims to provide a home for theorists interested in a broad range of questions about the natural world, unified by the search for mathematical description. The interface between physics and biology is a major focus of this effort. 

The goal of the center is to combine the physicist’s search for simplicity and universality in the laws of nature with the biologist’s exploration of the complexity and diversity of life and its mechanisms. This will involve collaboration among scientists with different backgrounds — physicists and biologists, theorists and experimentalists — and includes new approaches to the education of the next generation. The center proposes to engage a diverse group of prospective scientists early in their careers, building on the successes of multidisciplinary programs in undergraduate and graduate education at both universities.

William Bialek, the John Archibald Wheeler/Battelle professor of physics at Princeton University, and the principal investigator for the overall grant, is a visiting presidential professor of physics at the Graduate Center. Bialek is the founder and director of the Graduate Center’s Initiative for the Theoretical Sciences, and he will have a central role in the overall execution of the grant’s goals and objectives at both universities. “I am excited by how this center has grown so naturally out of discussions and collaborations among all the faculty at both institutions,” Bialek said. “We can see the outlines of a much deeper understanding — a real ‘physics of life’ that cuts across many current boundaries in our thinking. The generous support from the National Science Foundation gives us the chance to realize this vision and to bring a whole new generation of young colleagues along with us on this adventure.”


Graduate Center Faculty

During the course of the research, many of the faculty, postdoctoral fellows, and students at each institution will spend time at the other through the auspices of the Center. The GC’s effort is led by David J. Schwab, who joined the GC this semester as an assistant professor affiliated with the doctoral programs in biology and physics. Participating faculty also include Vijay Balasubramanian, visiting presidential professor of physics at the GC and the Cathy and Marc Lasry professor in physics at the University of Pennsylvania, and Stephanie Palmer, an assistant professor of organismal biology at the University of Chicago who spent 2016–17 as a visiting professor at the GC. 

“Future advances in science will require experimentalists and theorists to work in unison,” said Joshua Brumberg, dean for the sciences at the Graduate Center. “Our Initiative for the Theoretical Sciences was founded on this belief, and in its short history has become an incubator for these interdisciplinary interactions. The affirmation of this effort through the support from the NSF will allow us to expand our efforts. Lastly, through the summer school program we will be training a generation of scientists who will be able to bridge the gap between experimental findings and their theoretical underpinnings.”


Postdoctoral Fellows

The grant supports the research activities of undergraduates, Ph.D. students, postdoctoral fellows, faculty, and visitors, as well as seminars and workshops. At any time there will at least six postdoctoral fellows supported by the center, shared between the Graduate Center and Princeton. Planning includes considerable collaboration between faculty, students, and fellows at the two locations. An important feature of the center is that postdoctoral fellows will be empowered to engage and participate with a community of faculty mentors, developing their own research agendas through intense discussion and intimate collaboration. 


Programming


for the scientific community and for the public

The center will sponsor a series of symposia, typically six per year. Aimed at the larger community of scientists and students throughout the CUNY system and the New York metropolitan area, these symposia build on a successful tradition of events sponsored by the Initiative for the Theoretical Sciences at the GC. The center will also sponsor lectures and discussions for the public, broadening the GC’s traditional engagement with the intellectual life of New York City.


Summer School for CUNY Undergraduates

The grant will support a unique two-week summer school for 24 advanced undergraduates from across the country, exposing physics students to the exciting intellectual opportunities at the interface with biology. Instruction will be provided by the center faculty, connecting the students to the most recent developments in the field. At least eight of the students will be CUNY undergraduates who will have the opportunity to spend the entire summer in laboratories on the Princeton campus. The summer program will be held annually starting in 2018.

For more information about the Princeton University and Graduate Center, CUNY, National Science Fund grant look here.

About the Graduate Center, CUNY

The Graduate Center, CUNY, is the focal point for advanced teaching and research at The City University of New York (CUNY), the nation’s largest urban public university. With over 35 doctoral and master’s programs of the highest caliber, the Graduate Center fosters pioneering research and scholarship in the arts and sciences and prepares students for careers in universities and the private, nonprofit, and government sectors. The Graduate Center’s commitment to research and scholarship for the public good is exemplified by its more than 30 centers, institutes, and initiatives, including its Advanced Science Research Center, a 200,000 square-foot facility in upper Manhattan, designed to promote collaboration among scientists in five areas of global research and innovation: nanoscience, photonics, structural biology, neuroscience, and environmental sciences. The Graduate Center benefits from highly ambitious and diverse students and alumni—who in turn teach hundreds of thousands of undergraduates every year. Through its public programs, the Graduate Center enhances New York City’s intellectual and cultural life. Visit www.gc.cuny.edu to learn more.

Media Contact: Tanya Domi, tdomi@gc.cuny.edu, 212-817-7283

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SOURCE The Graduate Center of the City University of New York