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"Historically, we have seen more failed innovations in payments than we've seen successful ones, because you have to convince people that it's secure, more efficient and reliable," Mr. Abernathy said.
The system's evaluation and the comparative study with existing system show that the prosed system is secure, more efficient, and able to work in a real-time, high-speed Smart City environment.
Greater positive action is required to secure more efficient allocation of roles and resources.
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The term euthenics was first defined by Ellen Swallow Richards of Vassar's class of 1870 as "[t]he betterment of living conditions, though conspicuous endeavor for the purpose of securing more efficient human beings".
Resourceful entrepreneurs will find more secure, more elusive, more efficient ways of selling drugs over the web.
Ben Bernanke, the former chairman of the Federal Reserve, believes bitcoin "may hold long-term promise" as a "faster, more secure and more efficient payment system".
But with increasingly sensitive subject matter – including corruption, gender violence and slavery – a new secure and more efficient digital platform is required.
Our children and grandchildren could inherit a low-carbon economy that will be safer, as well as cleaner, more secure and more efficient, created through investment in an exciting period of technological innovation.
While Bernanke highlighted that virtual currencies could lead to a "more secure and more efficient payment system", he also warned that the Fed does not have the authority to supervise or regulate the use of Bitcoin-like currencies, which have come under fire over allegations of money laundering and illicit payments.
In a letter written ahead of the congressional hearings US Federal Reserve chairman Ben Bernanke states that although the Federal Reserve "does not necessarily have authority to directly supervise or regulate" virtual currencies, such innovations may hold "long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system".
Evidence found in this and other studies need to be communicated by analysts to policy makers to secure a more efficient resource allocation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com