Afternoon Coffee: U.S.-China Trade Talks Yield No Resolution, Blockchain Adoption Currently More Hype Than Reality

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The two-day trade discussion between U.S. and Chinese officials in Beijing ended with little more than an agreement to continue talks, Bloomberg reports. A comprehensive agreement was unlikely from the start, but trade watchers were hoping to learn if the dialogue would lead to a delay of planned tariffs on Chinese goods that total up to $150 billion.

Blockchain Hype

Blockchain may be the hottest technology of 2018, but actual use of distributed ledger systems is far less robust. As blog Artificial Lawyer writes, one recent Gartner survey found that “only 1% of CIOs indicated any kind of blockchain adoption within their organizations, and only 8% of CIOs were in the short-term ‘planning or [looking at] active experimentation with blockchain.’” 

Coupa Partners with AppZen 

Coupa announced Thursday it had formed a partnership with AppZen, a technology provider focused on applying artificial intelligence to back office automation, according to a press release. The partnership with AppZen allows Coupa customers to “detect 100% of T&E compliance and fraud issues in real time, cut auditing costs up to 90% and reduce the review and payment cycle to as fast as a day,” the press release said.

Jobs Report 

And finally, an economic update: The U.S. economy added 164,000 jobs in April, bringing the unemployment rate down to 3.9% for the first time since 2000, the New York Times reports. That marked the 91st consecutive month of job growth, by far the longest streak of increases on record.

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