Web 3.0 : Financial Service Industry

How will the evolution of the web have an effect on Financial Services? This is a question that puts many financial institutions in peril but is it really something that will put banks out of business? 

What is Web 3.0?

Web 3.0 is a new evolution phase that is coming into reality. The web as we know, is evolving into something more secure with more opportunities and various features. A lot of people don’t understand Web 3.0 and are scared of it. This will be a massive change on how we see the internet and how we will use it. It is going to be a decentralized platform and it will be individualized wherein you can customize your internet browsing experience. 

The Royal Bank of Canada is utilizing millions of data points to train its own AI, resulting in fewer client calls and faster application delivery. Meanwhile, BNY Mellon, the world’s largest cross-border payments service provider, improved its fraud prediction accuracy by 20%. By researching real-time market data within nanoseconds, AI and high-performance computing (HPC) are combining to provide better and faster trading intelligence.

What does this mean for Financial Services?

Web 3.0 is transforming the finance sphere slowly into a decentralized place. Basically, you don’t need a financial institution governing your transaction or authorizing them. The transaction will only be initiated by you and reaches the receiver, in a matter of moments, without any middlemen. Using cryptocurrency, you can make transactions over blockchain that eliminates that bank server from between. Cryptos are digital assets that let users transact directly without a payment service provider in the intermediary, which means that they enable new forms of capital. Although Bitcoin remains comparatively low now, it still may provide effective money governance by preserving and protecting the data or memory of what our money represents. Then there is the unparalleled manipulation of fiat money. We can observe how central banks have significantly extended their balance sheets since the GFC and the ongoing pandemic COVID-19. 

DeFi

DeFi is short for decentralized finance where there are no middlemen between you and the receiver. The transaction will be on the blockchain where the transaction time is reduced from time of hours/days, to moments that you can count on your hands. With DeFi, you can perform all transactions and services that are offered by traditional banks, without the bank in between. Now, you might wait for your transaction to be passed through because your bank should allow it and then it has to pass through the bank’s server. 

DeFi uses cryptocurrency as the main currency because they are programmed using blockchain technology. There is a huge difference between CeFi and DeFi. 

Effect on Financial Services

Undoubtedly, Web 3.0 has opened its doors for infinite opportunities and many FinTechs are utilizing them while traditional institutions are being left behind. These organizations are investing in their technology and its improvement in this rapidly changing market. These FinTechs’ major part of investment is into AI which are being programmed to understand the different problems faced by people and able to give out the solutions in a matter of seconds. This dependance on AIs is being constantly improved which are learning from their own errors and giving better and more efficient solutions. A survey by NVIDIA , according to it, nearly 83% of finance service professionals say that AI is essential for the companies’ success. It is also said that AI can improve company growth by 20%.

Conclusion

Web 3.0 is bringing so many opportunities while improving the present technology and organizations that are utilizing it will not be taking rest anytime soon. This technology is just going to become better and better. Every single day that we see this technology step up just shows that we are not done with technology, it can be better and more efficient and these companies are proving that to use everyday. Web 3.0 is showing more freedom of speech and thoughts than the present restricted web 2.0, decentralization is going to put back the control back in the hand of the User.

“Where there is life, there is growth

Where there is age, there is evolution.”

~Charles Darwin

Thank you so much for reading this article. I have added information from different websites and I thank them for their view on this topic. Do leave comments on different aspects of Web 3.0 that you think will change us.

The links to pages that helped me understand Web 3.0 better:

Financialit.net: How web 3.0 is transforming the financial services industry?

https://www.finextra.com/the-long-read/231/how-ai-is-powering-the-future-of-financial-services

https://n26.com/en-eu/blog/what-is-defi#:~:text=How%20does%20DeFi%20work%3F,are%20secured%20through%20blockchain%20technology.

Web 3.0 : Financial Service Industry

How will the evolution of the web have an effect on Financial Services? This is a question that puts many financial institutions in peril but is it really something that will put banks out of business? 

What is Web 3.0?

Web 3.0 is a new evolution phase that is coming into reality. The web as we know, is evolving into something more secure with more opportunities and various features. A lot of people don’t understand Web 3.0 and are scared of it. This will be a massive change on how we see the internet and how we will use it. It is going to be a decentralized platform and it will be individualized wherein you can customize your internet browsing experience. 

The Royal Bank of Canada is utilizing millions of data points to train its own AI, resulting in fewer client calls and faster application delivery. Meanwhile, BNY Mellon, the world’s largest cross-border payments service provider, improved its fraud prediction accuracy by 20%. By researching real-time market data within nanoseconds, AI and high-performance computing (HPC) are combining to provide better and faster trading intelligence.

What does this mean for Financial Services?

Web 3.0 is transforming the finance sphere slowly into a decentralized place. Basically, you don’t need a financial institution governing your transaction or authorizing them. The transaction will only be initiated by you and reaches the receiver, in a matter of moments, without any middlemen. Using cryptocurrency, you can make transactions over blockchain that eliminates that bank server from between. Cryptos are digital assets that let users transact directly without a payment service provider in the intermediary, which means that they enable new forms of capital. Although Bitcoin remains comparatively low now, it still may provide effective money governance by preserving and protecting the data or memory of what our money represents. Then there is the unparalleled manipulation of fiat money. We can observe how central banks have significantly extended their balance sheets since the GFC and the ongoing pandemic COVID-19. 

DeFi

DeFi is short for decentralized finance where there are no middlemen between you and the receiver. The transaction will be on the blockchain where the transaction time is reduced from time of hours/days, to moments that you can count on your hands. With DeFi, you can perform all transactions and services that are offered by traditional banks, without the bank in between. Now, you might wait for your transaction to be passed through because your bank should allow it and then it has to pass through the bank’s server. 

DeFi uses cryptocurrency as the main currency because they are programmed using blockchain technology. There is a huge difference between CeFi and DeFi. 

Effect on Financial Services

Undoubtedly, Web 3.0 has opened its doors for infinite opportunities and many FinTechs are utilizing them while traditional institutions are being left behind. These organizations are investing in their technology and its improvement in this rapidly changing market. These FinTechs’ major part of investment is into AI which are being programmed to understand the different problems faced by people and able to give out the solutions in a matter of seconds. This dependance on AIs is being constantly improved which are learning from their own errors and giving better and more efficient solutions. A survey by NVIDIA , according to it, nearly 83% of finance service professionals say that AI is essential for the companies’ success. It is also said that AI can improve company growth by 20%.

Conclusion

Web 3.0 is bringing so many opportunities while improving the present technology and organizations that are utilizing it will not be taking rest anytime soon. This technology is just going to become better and better. Every single day that we see this technology step up just shows that we are not done with technology, it can be better and more efficient and these companies are proving that to use everyday. Web 3.0 is showing more freedom of speech and thoughts than the present restricted web 2.0, decentralization is going to put back the control back in the hand of the User.

“Where there is life, there is growth

Where there is age, there is evolution.”

~Charles Darwin

Thank you so much for reading this article. I have added information from different websites and I thank them for their view on this topic. Do leave comments on different aspects of Web 3.0 that you think will change us.

The links to pages that helped me understand Web 3.0 better:

Financialit.net: How web 3.0 is transforming the financial services industry?

https://www.finextra.com/the-long-read/231/how-ai-is-powering-the-future-of-financial-services

https://n26.com/en-eu/blog/what-is-defi#:~:text=How%20does%20DeFi%20work%3F,are%20secured%20through%20blockchain%20technology.

What is a Freelancer? How to earn money by becoming a Freelancer?

Nowadays everyone wants to earn money online, and no matter what people do, they can earn more money by working from home than they can earn by working anywhere. Nowadays many people get a lot of work but they do not want to go to the office, and they wish that they could work from home.

So friends, now you can work from home also, and earn money. Yes, you can work from home also. Air can make money, and not a lot.

So what is the freelancer we are going to tell you today? And how can you become a freelancer?

What is a Freelancer?

What is a Freelancer? How to earn money by becoming a Freelancer?


Freelancers are those who earn money by working from home, when a person works online or offline from home, then we call him Freelancer.

If you understand in easy language, then suppose you know Designing very well and you are very expert in it, and you want that you can earn money from this talent but, you don’t even want to know the office, and want I wish that you could work from home, the way you know good designing, then maybe someone needs a good designer for any of their work?

So just like you needed work, the other person needed a workman, so in this way, if you work from home for someone and he will give you money for your work, then we will call him a freelancer.

If you also have such a talent that you think that you do that work very well or you are very expert in it, then you too can become a freelancer. You can also earn money online from your talent sitting at home.

Who can become a Freelancer?


You know what a freelancer is, let’s know who can become a freelancer. Freelancing means earning money online using the art you have. First of all, think about what service you can give to the people? What job can you do well?

are you a good teacher

Do you do graphic design?

are you a writer?

are you a singer

Are you a software engineer?

Whatever art you have, you can show it to the whole world for free by opening your account on the freelancing website and you can also sell it, and earn money online sitting at home.

What jobs can freelancers do?


Freelancers can do all the online work, ranch requires good skill, below we have told you about some freelance work, which freelancers do.

  • Content Writing
  • Online Teaching
  • Graphics Designing
  • Web Designing
  • Blogging
  • Digital Marketing
  • Marketing Services
  • Web Designing
  • Web Development
  • Social Media Marketing
  • Mobile App Development
  • Graphics Designing
  • Video Designing
  • UI/UX Designing
  • Accounting Services
  • Photoshop Design
  • Logo Design
  • Data Entry
  • Customer Support

There are many more freelancing jobs that you can do, we have told you a list of some special and more searched freelancer jobs above, which you can become a freelancer by doing.

Where and how to do Freelancing work?


You do not need to go anywhere to work as a freelancer, you can work from home, for this, you just have to search for online work, after which you can do freelancing work.

You can start your work online by creating your account on some of the good websites given below.

  • freelancer
  • Upwork
  • Fiverr
  • Truelancer
  • PeoplePerHour
  • Guru.com
  • Design crowd
  • 99designs
  • FlexJobs
  • Indeed

If you do not want to go to the office and if you want to work from home, then you can do freelancing work, if you want to do a part-time job or want to earn money online then you can become a freelancer, freelancer By becoming you can earn good money also from your talent.

So maybe now you must have understood what is a freelancer? And how can you become a freelancer? How did you like this post, and was it helpful to you? And if you have anything that you did not understand, then you can ask us in the comment box given below, we will try our best to help you.

Ind vs Eng: Shikhar Dhawan return, India playing eleven could be against England in first ODI

The Indian team will now play in the ODI series after Test and T20 on England tour.India won the three-game T20I series 2-1 against England.In the ODI series against England, Rohit Sharma will try to repeat the same success as the T20 series.India need to choose their XI very carefully to win the ODI series against England.There was news about Virat Kohli’s injury and his fitness will be monitored ahead of the game. Shikhar Dhawan will open the innings with Rohit Sharma in ODIs Will keep an eye on Virat Kohli’s fitness Suryakumar Yadav might be favored over Shreyas Iyer Shikhar Dhawan returns Shikhar Dhawan has returned to the Indian ODI team and Gabbar will once again open with Rohit Sharma. Dhawan played his last ODI for India on February 11 this year against the West Indies and now four months later he will play again in the ODI series against England.Virat Kohli will start as the number three in the team, who is currently struggling with his form.His form is definitely a problem for the team, but Kohli will also have a chance to regain his form in this series.Suryakumar’s claim is strong There are two contenders for fourth place on the ODI team, including Suryakumar Yadav and Shreyas Iyer, but Suryakumar is more likely to be placed over Shreyas Iyer. Rishabh Pant joins the team as the wicketkeeper batsman, although his batting order can be changed depending on the situation.After that, Hardik Pandya and Ravindra Jadeja can be included in the team as all-rounders.Chahal can be given preference over Akshar Yuzvendra Chahal can be given preference over Axar Patel in the first ODI against England.Speaking of speed attack, Jasprit Bumrah and Mohd.Shami will be the team’s first choice.On the other hand, Shardul Thakur and one of the famous Krishna can get a chance as the third pacesetter in the team.However, a Krishna famous for his fast pace seems more likely. Team India is likely to play in the starting XI for first ODI – Rohit Sharma (Captain), Shikhar Dhawan, Virat Kohli, Suryakumar Yadav, Rishabh Pant (week), Hardik Pandya, Ravindra Jadeja, Jasprit Bumrah, Mohammed Shami, Shardul Thakur/Samvid Krishna, Yuzvendra Chahal.

Ind vs Eng: Shikhar Dhawan return, India playing eleven could be against England in first ODI

The Indian team will now play in the ODI series after Test and T20 on England tour.India won the three-game T20I series 2-1 against England.In the ODI series against England, Rohit Sharma will try to repeat the same success as the T20 series.India need to choose their XI very carefully to win the ODI series against England.There was news about Virat Kohli’s injury and his fitness will be monitored ahead of the game. Shikhar Dhawan will open the innings with Rohit Sharma in ODIs Will keep an eye on Virat Kohli’s fitness Suryakumar Yadav might be favored over Shreyas Iyer Shikhar Dhawan returns Shikhar Dhawan has returned to the Indian ODI team and Gabbar will once again open with Rohit Sharma. Dhawan played his last ODI for India on February 11 this year against the West Indies and now four months later he will play again in the ODI series against England.Virat Kohli will start as the number three in the team, who is currently struggling with his form.His form is definitely a problem for the team, but Kohli will also have a chance to regain his form in this series.Suryakumar’s claim is strong There are two contenders for fourth place on the ODI team, including Suryakumar Yadav and Shreyas Iyer, but Suryakumar is more likely to be placed over Shreyas Iyer. Rishabh Pant joins the team as the wicketkeeper batsman, although his batting order can be changed depending on the situation.After that, Hardik Pandya and Ravindra Jadeja can be included in the team as all-rounders.Chahal can be given preference over Akshar Yuzvendra Chahal can be given preference over Axar Patel in the first ODI against England.Speaking of speed attack, Jasprit Bumrah and Mohd.Shami will be the team’s first choice.On the other hand, Shardul Thakur and one of the famous Krishna can get a chance as the third pacesetter in the team.However, a Krishna famous for his fast pace seems more likely. Team India is likely to play in the starting XI for first ODI – Rohit Sharma (Captain), Shikhar Dhawan, Virat Kohli, Suryakumar Yadav, Rishabh Pant (week), Hardik Pandya, Ravindra Jadeja, Jasprit Bumrah, Mohammed Shami, Shardul Thakur/Samvid Krishna, Yuzvendra Chahal.

What is Solar Achitecture

Solar architecture is an architectural approach that takes in account the Sun to harness clean and renewable solar power. It is related to the fields of optics, thermics, electronics and materials science. Both active and passive solar housing skills are involved in solar architecture. The use of flexible thin-film photovoltaic modules provides fluid integration with steel roofing profiles, enhancing the building’s design. Orienting a building to the Sun, selecting materials with favorable thermal mass or light dispersing properties, and designing spaces that naturally circulate air also constitute solar architecture. Initial development of solar architecture has been limited by the rigidity and weight of standard solar power panels. The continued development of photovoltaic (PV) thin film solar has provided a lightweight yet robust vehicle to harness solar energy to reduce a building’s impact on the environment.
In the past, we’ve seen solar panels as a necessary evil. They used to be clunky, awkward objects placed haphazardly around a building. Solar panels have evolved in their design and so to has their presence in the world of architecture and design. The major development in solar panels is that they no longer need to be perfectly flat. This has opened up a world of opportunities in their use in more abstract architectural projects. They have their limits, however. It’s hard for solar panels to soak up as much sunlight on an angle.
Architects have managed to take solar panels leaps and bounds. Panels have been incorporated into roofing without simply being placed in rows along a roof. Clients who choose to focus on solar energy can work with architects to designate flat, unused spaces throughout a property to place solar panels without drawing too much attention. More creatively, solar panels have been incorporated into awnings. They have also been incorporated into the landscaping of properties, dividing gardens and filling in empty spaces in the surrounding environment.
The effectiveness of solar architecture is largely determined by the creativity of the architect and the flexibility of the client. A clever architect will be able to incorporate solar panels into the design of a building without making them look bulky and awkward. The more a client is willing to be flexible with the amount of solar energy generated, the more subtly the panels can be incorporated into the design.
Solar panels have been widely available for purchase since the 1980s but have yet to be widely adopted in residential housing.
Some barriers to the widespread adoption of solar panels include worries about the cost of the panels, the impact on jobs, and their appearance.
“Economics is the biggest barrier, and aesthetics are the second,” Gardzelewski says. He says these two things stand in the way of solar becoming the standard for architecture design, rather than a risky and costly add-on.
The economic aspect of solar panels is multifaceted. First, there’s cost and risk perception, and then there’s the larger impact on the economy, such as the creation of green-collar jobs. Some people think that their home’s resale value is at risk when they install solar. One appraiser Gardzelewski spoke to said: “I won’t give a house with solar panels any more value in an appraisal. The appraisal will be the same with or without them.” Because the appraisal industry itself is ambivalent about assigning value to solar panels, many homeowners fear that installing them could actually decrease the value of their home—despite potential savings for buyers on future energy bills.
The initial cost of installing solar panels is notoriously exorbitant. Gardzelewski insists that the actual price of the panels has decreased tremendously, so there is no reason that solar-panel installation costs should remain so high. “Solar-panel installers will give you a quote to put solar panels on your home, and they will tell you it costs a lot more than it should cost or what it needs to cost,” he says. “The panels themselves have come down to where they’re just a fraction of the overall expense.”
One reason solar installation remains such a high-ticket item is that builders haven’t wholeheartedly adopted it. “Once solar integrates into the home-building industry, the price of labor will go down because the contractor is going to manage that pretty tightly,” Gardzelewski says. “If you manage the cost and the labor of solar-panel installation, there’s no room for the price to get jacked way up.”
In coal-industry-driven states, there is also some fear that the rise of solar energy will hurt the economy and take away jobs. But Gardzelewski disagrees. He believes that the long-standing blue-collar jobs of the coal industry could become the long-standing green-collar jobs of the solar industry.
BERG’s 5-Strategy Taxonomy for Solar Architecture
1. Legibility
This refers to revealing and celebrating the building systems to see how they work. This is an industrial look with the “guts” of the building exposed. In this paradigm, seeing the inner workings, wiring, structure, and connection of the solar panels fits in with the overall industrial design.An energy-systems plan (including a radiant-floor heating system, insulation, seasonal shade structures, a ground-source heat pump, and design-integrated solar) for the Fox House in Pavilion, WY. Courtesy of UW-BERG.
2. Material Planes
Gerrit Rietveld’s Schroder House and Ludwig Mies van der Rohe’s Barcelona Pavilion are two examples of buildings focused on planar composition. In the case of the Barcelona Pavilion, Mies used planar composition to celebrate the richness of materials such as glass, marble, onyx, and travertine. With this strategy, the material aspect of a solar panel is celebrated, too. “We really love looking at the crystals and the wiring and all the intricacies of a solar panel,” Gardzelewski says.
3. Form Follows
From the principle “form follows function,” this concept means designing a building that adapts its shape to the path of the sun. This strategy is obvious when a design is altered to provide optimal orientation for a large number of solar panels, often with a stretched-out or swooping form on the south roof. “A solar panel is a huge module of 3 1/2 feet by 5 1/2 feet, and this can seriously influence the size of your roof,” Gardzelewski says. Designing a roof to fit this module can make the actual solar installation not only easier and more effective but also much better looking.
4. Shading Through Solar Architecture
Solar panels can provide shade for the building itself or the adjacent outdoor space; this method is a good solution for a difficult existing roof. “If you build an exterior structure and you can pull out an enclosed porch—a space that you’re not trying to fit onto the existing roof—you can use it to shade a small space outside,” he says. “You can add solar panels to this new area, and it won’t have to blend into the rest of the roof, because it is a completely separate thing.”A 3D model of the Fox House in Pavillion, WY. Courtesy of UW-BERG.
5. Disguised Solar-Panel Design
In this approach, the solar panels are hidden through either compositional strategy or design innovation. This strategy is best used in conjunction with “form follows,” as architecture designed around the size and shape of a solar panel is best suited to disguise the panel (like these solar rooftops from Tesla). “If you can fit them perfectly onto your roof, then you can float or frame the solar panels so you don’t see all of the infrastructure under it—you just see the reflective glass,” Gardzelewski says.
Getting the economic equation for solar panels to work for average middle- and working-class families may take some time. But incorporating BERG’s architectural taxonomy, which integrates solar panels in the design phase, is something architects can do now. Even if a client isn’t going to install solar right away, the taxonomy can help home and building owners incorporate solar panels more aesthetically down the road. And by considering solar as an early constraint that influences building design, architects may be able to usher in an era when solar is finally ubiquitous.
Solar architecture
The term solar architecture refers to an approach to building design that is sensitive to Nature and takes advantage of climatic conditions to achieve human comfort rather than depending on artificial energy that is both costly and environmentally damaging. Unlike the conventional design approach that treats climate as the enemy which has to be kept out of the built environment, solar architecture endeavours to build as part of the environment using climatic factors to our advantage and utilising the energy of Nature itself to attain required comfort levels. Nature’s energies can be utilised in two ways – passiveand active and consequently solar architecture is classified as passive solar and active solar architecture.
Passive solar architecture
It relies upon the design or architecture of the building itself to ensure climate control by way of natural thermal conduction, convection and radiation. The rudiments of solar passive design were developed and used through the centuries by many civilisations across the globe; in fact, many of these early civilisations built dwellings that were better suited to their climatic surroundings than those built today in most developed and developing countries. This has been largely due to the advent of cheap fossil fuels that allowed for artificial temperature and light control at the cost of natural light and cooling. A substantial share of world energy resources is therefore being spent in heating, cooling and lighting of such buildings. The use of solar passive measures such as natural cross ventilation, sufficient day-lighting, proper insulation, use of adequate shading devices coupled with auxiliary energy systems that are renewable and environment friendly can considerably bring down the costs as well as the energy needs of the building.
Passive solar systems
The term passive solar refers to systems that absorb, store and distribute the sun’s energy without relying on mechanical devices like pumps and fans, which require additional energy. Passive solar design reduces the energy requirements of the building by meeting either part or all of its daily cooling, heating and lighting needs through the use of solar energy.
Passive heating
Heating the building through the use of solar energy involves the absorption and storage of incoming solar radiation, which is then used to meet the heating requirements of the space. Incoming solar radiation is typically stored in thermal mass such as concrete, brick, rock, water or a material that changes phase according to temperature. Incoming sunlight is regulated by the use of overhangs, awnings and shades while insulating materials can help to reduce heat loss during the night or in the cold season. Vents and dampers are typically used to distribute warm or cool air from the system to the areas where it is needed. The three most common solar passive systems are direct gain, indirect gain and isolated gain. A direct gain system allows sunlight to windows into on occupied space where it is absorbed by the floor and walls. In the indirect gain system, a medium of heat storage such as wall, in one part of the building absorbs and stores heat, which is then transferred to the rest of the building by conduction, convection or radiation. In an isolated gain system, solar energy is absorbed in a separate area such as greenhouse or solarium, and distributed to the living space by ducts. The incorporation of insulation in passive systems can be effective in conserving additional energy.
Passive cooling
Passive solar technology can also be used for cooling purposes. These systems function by either shielding buildings from direct heat gain or by transferring excess heat outside. Carefully designed elements such as overhangs, awnings and eaves shade from high angle summer sun while allowing winter sun to enter the building. Excess heat transfer can be achieved through ventilation or conduction, where heat is lost to the floor and walls. A radiant heat barrier, such as aluminium foil, installed under a roof is able to block upto 95% of radiant heat transfer through the roof.
Water evaporation is also an effective method of cooling buildings, since water absorbs a large quantity of heat as it evaporates. Fountains, sprays and ponds provide substantial cooling to the surrounding areas. The use of sprinkler systems to continually wet the roof during the hot season can reduce the cooling requirements by 25%. Trees can induce cooling by transpiration, reducing the surrounding temperature by 4 to 14 degrees F.
Active cooling systems of solar cooling such as evaporative cooling through roof spray and roof pond and desiccant cooling systems have been developed alongwith experimental stratergies like earth-cooling tubes and earth-sheltered buildings. Desiccant cooling systems are designed to dehumidify and cool air. These are particularly suited to hot humid climates where air-conditioning accounts for a major portion of the energy costs. Desiccant materials such as silica gels and certain salt compounds naturally absorb moisture from humid air and release the moisture when heated, a feature that makes them re-useable. In a solar desiccant system, the sun provides the energy to recharge the desiccants. Once the air has been dehumidified, it can be chilled by evaporative cooling or other methods to provide relatively cool, dry air. This can greatly reduce cooling requirements
Evaporative cooling
Evaporation occurs whenever the vapour pressure of water is lesser than the water vapour in the surrounding atmosphere. The phase change of water from liquid to the vapour state is accompanied by the release of a large quantity of sensible heat from the air that lowers the temperature of air while its moisture content increases. The provision of shading and the supply of cool, dry air will enhance the process of evaporative cooling. Evaporative cooling techniques can be broadly classified as passive and hybrid.
Passive direct systems include the use of vegetation for evapotranspiration, as well as the use of fountains, pools and ponds where the evaporation of water results in lower temperature in the room. An important technique known as ‘Volume cooler’ is used in traditional architecture. The system is based on the use of a tower where water contained in a jar or spray is precipitated. External air introduced into the tower is cooled by evaporation and then transferred into the building. A contemporary version of this technique uses a wet cellulose pad installed at the top of a downdraft tower, which cools the incoming air.
Passive indirect evaporative cooling techniques include roof spray and roof pond systems.
Roof spray
The exterior surface of the roof is kept wet using sprayers. The sensible heat of the roof surface is converted into latent heat of vaporisation as the water evaporates. This cools the roof surface and a temperature gradient is created between the inside and outside surfaces causing cooling of the building. A reduction in cooling load of about 25% has been observed. A threshold condition for the system is that the temperature of the roof should be greater than that of air.
There are, however, a number of problems associated with this system, not least of which is the adequate availability of water. Also it might not be cost effective, as a result of high maintenance costs and also problems due to inadequate water proofing of the roof.
Roof pond
The roof pond consists of a shaded water pond over an non-insulated concrete roof. Evaporation of water to the dry atmosphere occurs during day and nighttime. The temperature within the space falls as the ceiling acts as a radiant cooling panel for the space, without increasing indoor humidity levels. The limitation of this technique is that it is confined only to single storey structure with flat, concrete roof and also the capital cost is quite high.
Earth cooling tubes
These are long pipes buried underground with one end connected to the house and the other end to the outside. Hot exterior air is drawn through these pipes where tit gives up some of its heat to the soil, which is at a much lower temperature at a depth of 3m to 4m below the surface. This cool air is then introduced into the house.
Special problems associated with these systems are possible condensation of water within the pipes or evaporation of accumulated water and control of the system. The lack of detailed data about the performance of such systems hinders the large-scale use of such systems.
Earth-sheltered buildings
During the summer, soil temperatures at certain depths are considerably lower than ambient air temperature, thus providing an important source for dissipation of a building’s excess heat. Conduction or convection can achieve heat dissipation to the ground. Earth sheltering achieves cooling by conduction where part of the building envelope is in direct contact with the soil. Totally underground buildings offer many additional advantages including protection from noise, dust, radiation and storms, limited air infiltration and potentially safety from fires. They provide benefits under both cooling and heating conditions, however the potential for large scale application of the technology are limited; high cost and poor day-lighting conditions being frequent problems.
On the other hand, building in partial contact with earth offer interesting cooling possibilities. Sod roofs can considerably reduce heat gain from the roof. Earth berming can considerably reduce solar heat gain and also increase heat loss to the surrounding soil, resulting in increase in comfort.
Active solar architecture
It involves the use of solar collectors and other renewable energy systems like biomass to support the solar passive features as they allow a greater degree of control over the internal climate and make the whole system more precise. Active solar systems use solar panels for heat collection and electrically driven pumps or fans to transport the heat or cold to the required spaces. Electronic devices are used to regulate the collection, storage and distribution of heat within the system. Hybrid systems using a balanced combination of active and passive features provide the best performance.
Active solar systems
Active heating
In active systems, solar collectors are used to convert sun’s energy into useful heat for hot water, space heating or industrial processes. Flat-plate collectors are typically used for this purpose. These most often use light-absorbing plates made of dark coloured material such as metal, rubber or plastic that are covered with glass. The plates transfer the heat to a fluid, usually air or water flowing below them and the fluid is used for immediate heating or stored for later use. There are two basic types of liquid based active systems- open loop and closed loop. An open loop system circulates potable water itself, through the collector. In closed loop systems, the circulating fluid is kept separate from the system used for potable water supply. This system is mainly used to prevent the freezing of water within the collector system. However, there is no need to go in for such a system in India, as freezing of water is not a possibility. Also closed loop systems are less efficient as the heat exchanger used in the system causes a loss of upto 10 degrees in the temperature of water, at the same time, one has to reckon with the extra cost of the heat exchanger as well as the circulating pumps. Compared to these, thermosiphon systems are more convenient and simple.
In Thermosiphon systems, the water circulates from the collector to the storage tank by natural convection and gravity. As long as the absorber keeps collecting heat, water keeps being heated in the collector and rises into the storage tank, placed slightly above (at least 50 cm). The cold water in the tank runs into the collector to replace the water discharged into the tank. The circulation stops when there is no incident radiation. Thermosyphon systems are simple, relatively inexpensive and require little maintenance and can be used for domestic applications.
Solar ponds have been developed ,which harness the sun’s energy that can be used for various purposes including production of electricity.
Other devices such as solar cookers, water distillation systems, solar dryers, etc. have been developed which can be used to reduce energy requirements in domestic households and in industrial applications.
Active cooling
Absorption cooling systems transfer a heated liquid from the solar collector to run a generator or a boiler activating the refrigeration loop which cools a storage reservoir from which cool air is drawn into the space. Rankine steam turbine can also be powered by solar energy to run a compressed air-conditioner or water cooler.
Solar refrigeration is independent of electric supply and without any moving parts, for example, Zeolite refrigerator.

Post-traumatic Stress Disorder.

Post-traumatic stress disorder (PTSD) is an phychological disorder that a person can face who has experienced or witnessed a traumatic event such as a natural disaster, terrorist attack, war/combat, rape, or death, sexual violence or serious injury.

People with PTSD have intense and annoying thoughts and feelings associated with their experience that last long after the traumatic event is over. One may relive the event through flashbacks and nightmares. They may feel sad, afraid, or angry. And they may feel separated or alienated from others. People with PTSD can avoid situations and people that are reminiscent of traumatic events and have a strong negative reaction to mundane things such as loud noises and accidental contact.

According to reports in context to United States, about 3.6% of people about 5.2 million adults develop PTSD in time of last year , and an estimated 7.8 million Americans will develop Women are more likely to develop PTSD than men. This may be because their are high chances that women are more likely to be victims of domestic violence, abuse and rape.

Symptoms:
• Intrusive thought: Intrusive thoughts such as repeated involuntary reminders. A miserable dream; or a flashback of a traumatic event. Flashbacks are so vivid that people feel like they are remembering or seeing the traumatic experience in front of them.
• Avoidance: Avoiding the memory of traumatic events may include avoiding people, places, activities, objects, and situations that can cause disastrous memory. People may try not to remember or think about traumatic events. They may resist talking about what happened and how it makes them feel.
• Mood changes and Behaviour : Negative thoughts and feelings that lead to persistent and distorted beliefs about oneself and others, such as not being able to remember important aspects of traumatic events. Distorted thoughts about the cause or effect of an event can lead to false accusations of yourself or others. Persistent fear, fear, anger, guilt, or shame. There is much less interest in the activities that I enjoyed before. Feeling alienated or alienated from others; or unable to experience positive emotions (lack of happiness or satisfaction).

Treatment:
It is important to note that not everyone who experiences trauma develops PTSD, and not everyone who develops PTSD requires psychiatric treatment. For some people, the symptoms of PTSD disappear over time. Others are better with the help of their support system (family, friends,etc) . However, many people with PTSD need specialized medical treatment to help recover from psychological stress. It is important to remember that trauma which causes the PTSD can lead to serious distress. The sooner a person is treated, the more likely one can recover fast from PTSD.
Psychiatrists and other mental health professionals use several effective ( authorized and proven) methods to help people recover from PTSD. Both talk therapy and medical dosage provide effective evidence-based treatment for PTSD.

Stagflation: a serious economic issue

Photo by Reynaldo #brigworkz Brigantty on Pexels.com

Stagflation is a situation wherein there persists both inflation(consistent rise in the prices of all the goods and services available in a country) as well as stagnation(lack of any economic development). Since 1970, there have been paradoxical developments in most developed nations of the world. There has been a considerable fall in the level of production and employment on one hand, and rise in the general price level on the other. That is nothing but inflation and stagnation coexisting. Inflation and unemployment are mutually exclusive economic phenomena. There has always been an trade off between these two in an economy. Thus, when both of this coexist, it leads to the rise of a paradoxical situation called Stagflation.

The features on stagflation include:

  • Rise in general prices.
  • Rise in the wage rate.
  • Reduction in the level of demand for goods and services.
  • Reduction in the level of production.
  • Emergence of excess capacity.
  • Increase in involuntary unemployment (a situation wherein people are willing to work at the prevailing wage rate but do not get any work).

Causes of stagflation:

  • Increase in the supply of money.
  • Rise in wage rates under pressures from trade unions.
  • Consistent rise in agricultural prices, owing to the government policy.
  • Rise in administered prices.
  • Credit expansion by the banks.
  • Increase in saving and investment.
  • Reduced demand for labor resulting in unemployment.
  • Rise in prices of petroleum and coal.
  • Increase in industrial capacity.

Stagflation is certainly a more difficult proposition than inflation. In the words of Haberler, “The combination of unemployment and inflation is a very delicate matter, if we fight recession, we stimulate inflation and if we fight inflation, we stimulate recession.

Some measures to control stagflation:

  • Creation of bank credit and supply of money must be checked.
  • Excise duty and other indirect taxes need to be reduced to stimulate production.
  • Consumption level is to be very carefully encouraged.
  • Labour intensive enterprises are to be encouraged to stimulate employment.
  • Appropriate income policy needs to be pursued to strike against the problem of inflation.
  • Wage rate must be suitably regulated.

Stagflation not only causes economic unrest but also leads to social instability. There are many instances where the rich gets richer and the poor gets poorer. There seems a moral dispute within the people resulting in hoarding, black marketing ,etc. Thus, stagflation is an serious economic hindrance which needs to be kept in check.

What is Climate Responsive Architecture

 The climate responsive design refers to the architecture that reflects the particular region-specific weather conditions of the peculiar area. It uses data of weather patterns and factors like sun, wind, rainfall, and humidity. The building structure is built according to the same.

In a given region, Climate is the predominant weather. Just as flora and fauna adapt to their surroundings and create sustaining ecosystems, architects should design buildings that respond to the climate and are living rather than consuming. Climate change is one of the greatest challenges faced by human society in the 21st century. To tackle climate change, carbon dioxide emissions can be reduced by changing the way buildings are designed, constructed, managed, and used. The climate-responsive architecture aims to design the optimized building according to specific characteristics of that particular site, to minimize extreme energy use and have a reduced impact on the natural environment.

What Architects must know about climate responsive architecture
Image Sources: Tropical Climate Analysis ©Pinterest

Climate-responsive architecture functions in lockstep with the local climate(temperature, historical weather patterns, etc.), the direction of the sun (sun path and solar position), site-specific environmental conditions (such as wind, rainfall, humidity), seasonality and also taking into account the natural shade provided by the surrounding area and topography to design pleasant buildings which ensure physiological comfort of users, energy-efficient buildings with reduced reliance on artificial energy.

With an approach from a genuinely sustainable perspective to create buildings that respond directly to their unique place, the process begins with climate data rather than architectural sketches. By addressing the questions such as “Determining the sun’s position in the sky at a given time and season?”, “How much rain falls on the site each season?” and “What effect will the wind have on the building keeping in mind the occupant’s comfort?” The building should be adaptive to changing environmental conditions to meet its functional requirement and to provide comfort. Some steps to achieve climate responsive design involve:

Site analysis

To understand the specific site, it’s important to understand the ramifications of the building through site analysis. The Layout of the Building is designed through an integrative design process to achieve the most optimal location for the building.

Sun direction

The building should be placed considering the cardinal directions. The goal is to maximize the amount of sun that heats space in the winter as well as decreasing the amount of sun in the summer to reduce the less reliance on mechanical energy for cooling and heating.

Window Considerations

Buildings with façades facing the south should use a window area appropriate to their orientation, and glazing should use a double or triple-panelled Low-E-coated glass. In the hottest months, it minimizes the amount of heat transmitted into space while keeping heat inside during the cooler winter months.

Minimize the Building Footprint

To minimize building footprint, architects should design the buildings to be multi-functional. The building will have fewer excavation costs and more wall areas that can benefit from the sun’s warming effects along with an increase in natural daylighting.

Design for Natural Ventilation

A building can be cooled by designing for stack ventilation to draw cooler air from low building openings to protect from warm air rises while carrying heat away through openings at the top of the space. The rate at which the air moves is a function of the vertical distance between the inlets and outlets, their size, and the temperature difference over the room height.

Relax the Occupants Comfort Standards

With climate responsive design, the amount of energy used to cool and heat the building is reduced by dependence on using natural systems, the sun, and the wind. This is possible only if the occupants are open to adding or removing clothing layers according to the seasons, increasing the amount of energy saved.

Building for Geographic Area

When designing the envelope of the building, factors such as insulation, vapor barriers, and air barriers will vary radically depending on whether the project is in the cold, snowy north, the hot and humid south or the arid desert.

Modelling and Analysis

Architects and designers can utilize tools such as lighting models, energy modeling, computational fluid dynamics, daylighting studies, to understand how the design best integrates with the local climate and micro-climate specific to the site.

Find Energy-Efficient Appliances and Systems

Developing climate-responsive homes involves minimizing environmental degradation. Installing sustainable systems and appliances in a building can reduce atmospheric and surface-level pollution. Smart devices may significantly increase the energy efficiency of a house, reducing its ecological effects.

Smart thermostats connect to a building’s HVAC system. They access local weather readings through a Wi-Fi connection, adjusting indoor temperatures for efficiency. They also use motion detection sensors, turning systems off in vacant homes.

Smart lights have similar functions, decreasing artificial light energy usage. Designers can connect a structure’s autonomous systems to renewable energy sources, further decreasing ecological impacts.

Consult an Energy Professional

Sustainable architects can additionally improve the energy efficiency and low impact of construction projects by consulting a power professional. During an energy consultation, certified workers evaluate a whole property, determining its electricity usage. The power professional interprets their findings, helping builders understand how to improve the sustainability of a home.

They evaluate the building’s design, environment, and residential habits when determining its efficiency. When using the feedback, construction professionals can significantly minimize ecological degradation on-site.

Perform Multiple Iterations

If at first, you don’t succeed, try again! It will take the design team multiple passes of just these basic layouts in your pre-design or schematic design phase to hone in the lowest energy use possible, optimized for your specific site. However, it’s better to spend more time in the early phases of design to model the project, which is far less costly than making changes in the field or later on in the design process. Keep at the trials, and eventually, your building will be responding directly to the climate specific to the project site.

Multiple Iterations

The design practice of Climate-Responsive architecture involves more time in the early phases of design to model the project along with multiple iterations in the design process.

Destructive Habits: Bias

There are many habits that destroy your mental peace, happiness and mostly you. Some of them are usually with different addictions or because of people but what destroys you as a person depends on how you view things and people around you. Your environment is what shapes you but to be different, you have to do it by yourself. 

The most common habits have become common because we are more focused elsewhere than ourselves. To be a better version of yourself, you need to view your flaws and work on them.

  1. Spotlight Effect: We overestimate how much attention people give to our words and appearance. Imagine you said something but it felt wrong after it came out. In reality, everyone only remembers it for the moment and immediately moves to the next topic. We ponder over it for days, forgetting that others don’t care as much as we do about it.

Example: “The red shoes don’t match the outfit at all! I guess the guys are laughing because of it”

*Red shoes matched the outfit better than you imagined*

Truth: No one cares about you as much as your loved ones do. Everyone is just a temporary traveler in your life and you have to be okay with it. Dress how you want and be how you want to be. 

  1. Status Quo Bias: We prefer for things to be the same; usually change is viewed as a negative aspect of life. If you adopt a new habit that cuts out something from your life, you immediately feel guilty of not being able to manage it, so you quit your new habit for the old one because it feels more comfortable.

Example: “I like to paint, but the classes are on Friday, I won’t be able to party! I can always paint later so let’s party now!”

*Proceeds to miss out on an amazing experience*

Truth: Change is hard. To adapt to a new routine and new place is always difficult and your mind is stuck on the old routine, but only then do you learn more about yourself. You may like to paint now, but when you explore it, you may not want to put the brush down! You need to explore that change for a while to know more about yourself.

  1. Zeigarnik Effect: We focus more on the incomplete tasks than the ones that have been completed. Sometimes, we forget to see that we have accomplished many things on the way, and we focus on the ones that we have not accomplished yet. It pushes you to feel bad that you are not able to do anything. 

Example: “Bro I lost the Table-Tennis Pan-India Semi-finals! I feel so like I can’t do it anymore”

*Came so far by winning championships and tournaments*

Truth: You have to see where you are today. Look behind you and see the different hurdles you had to come across. You didn’t cross them just to go back did you? It does feel bad to not achieve something the first time you try it, but when you achieve it, after toiling for some time, the fruit is incomparable.

  1. Pessimism Bias: We tend to overestimate the possibility of negative outcomes. We always have a small part of your mind that searches for a negative outcome. What you see and ask for, is what you get and have. You will increase the chance of losing the opportunity if all you see is losing it.

Example: “I feel like I will lose this chance to be head of department, there are so many others who are way more qualified.”

*Loses opportunity because it messed with your confidence and screwed your interview*

Truth: What energy you put out, is what you usually get. Sometimes, you lose opportunities, but don’t dwell on the wrong aspects. You may not have the necessary qualifications but the way you portray yourself is what gets you opportunities.

  1. Sunken-Cost Fallacy: We invest more in things that have cost us something, even if we have negative outcomes. We feel that if we invest more, the difference can be recovered with just a little gain.

Example: “My portfolio is down by 25%! I will invest 50% of it so with a 25% gain, I can recover the loss”

*Proceeds to lose more because the stock market is in a bear phase*

  1. Self-serving Bias: Our failures are situational but our success is our hardwork’s result. We view that our failures are determined by external factors and our success is because of us. It is also difficult to ascertain what caused success or failure on the spot so we divide it based on the result.

Example: “I lost the game because the opponent was too strong. I got the best player of the match because I practiced well”

*Opponent won because of your overconfidence in your practice*

“The eyes sees only what the mind is prepared to comprehend.”

~Robertson Davies

Sometimes, we see these habits recurring but we don’t want to change because we feel it will make others dislike us. By changing, you are not making your friends feel bad but giving them a chance to understand that it’s time to improve. It’s time to make yourself the person you always wanted to be. Everyday is a learning step and only then can you improve. These habits of biasing situations have a lot of effect on where you are and where  you want to be.

This post has been inspired by Ankur Warikoo. You can check his post on LinkedIn here!

This was a delight to write about. I hope you have found this article interesting and let me know about your thoughts on this. Keep on smiling!