Building trust in the digital age is now possible thanks to the protection against tampering as every transaction generated in a blockchain network builds on the previous transaction. A transaction cannot be changed. It should be reversed with another transaction and both will be made evident to other users, as they all share the distributed ledger.
Blockchain the underlying technology for Bitcoin digital currency is now being used to build trustworthy networks no longer related to buy and sell digital currency.
Sony and Sony Global Education (SGE) have recently announced a system for authentication of students’ records, transcripts, and work experience using IBM blockchain technology powered by Hyperledger Fabric 1.0
This type of blockchain network is permissioned (users can specify what data other users are allowed to view) and no actor is anonymous as opposed to the permissionless blockchain used in Bitcoin.
A permissioned blockchain will require new actors to present identification and access to the network may be restricted.
It is intended to be used by academic institutions, students, and organizations as it will preclude forging the academic curricula of the candidate applying for a new job or to admission in any college across the globe if the institution is part of the network..
A patent is already available at:
Publication # WO/2017/153495 ; date: 14.09.2017
International Application #PCT/EP2017/055486 ; International Filing Date: 08.03.2017
Applicants: APPII PTY LTD
Bitcoin was launched in 2009 as the first world decentralized digital currency. It is a natural evolution of money from coins, to paper money and now to digital money.
Its underlying technology is blockchain a cryptographically secured ledger that no single user can control, thus preventing forgery. Also, bitcoin has a cap of 21000000 that cannot be modified, what is considered by many a safety net against inflation.
The value of bitcoin is based on the fact that many people buy and sell bitcoins so it can be used as an investment and also for buying products and services from companies that accept bitcoins. The CME Group announced last Dec 1 that bitcoin futures contracts will be available on Dec 18, 2017
Bitcoin can easily cross borders facilitating international trade.
Some prominent businessmen have warned on the risk of investing in bitcoin, due to a potential bubble effect because of its exponential price increase in 2017
The Fourth Industrial Revolution (Industry 4.0) is bringing together digital, physical, and biological systems.
#Innovation – Investment Decisions Using Machine Learning
Venture Capital investment decisions in U.S. startups are predicted with 80% accuracy using machine learning algorithms developed by Hone Capital to analyzing data patterns combined with investors’ recommendations.
Typical investment range $100K to $200K on startups.
There is a shortage of 50,000 truck drivers and automation may help attract younger candidates to become professional drivers because semi-autonomous trucks make it easier and less exhausting to drive a vehicle.
From El Paso, Texas to Palm Spring, California via I-10 W highway semi-autonomous trucks are hauling products without the driver’s intervention. Only in case of emergency, the driver will take control of the truck. It’s a 650 mile route, and the trucker just has to sit behind the steering wheel and let the truck do the rest.
John Rossman in his book “The Amazon Way on IoT” writes about the obstacles for innovation and shows that implementing the Internet of Things (IoT) is a challenge for most companies because of the vested interest of some stakeholders in the status quo.
New 20 megapixel cameras on the top of imaging cars will produce higher contrast images of the streets around the world. And HD cameras will allow artificial intelligence software for image recognition to better indicate the names of businesses and streets in the maps. Also, people using 360-degree cameras will be able to contribute to upgrading the street maps.
There are two circumstances that lead to arrogance:
One is when you're wrong and you can't face it;
the other is when you're right and nobody else can face it.
American poet and philosopher
According to the last report dated 9/25/2017 of International Data Corporation (IDC) on Artificial Intelligence (AI) and Cognitive Systems (natural language processing and machine learning), global spending is growing exponential since 2016. The total estimated figure will reach $57.6 Billion in 2021.
Retail and banking will be the industries with major investment in these technologies.
Li-Fi technology replaces radio frequency bi-directional communications from your Wi-Fi router by using light modulated fluorescent tubes or LED lamps similar to the LED lights already in use at the workplace or at home.
Light pulses issued from the digital data of a text message, video or email modulates the Light Emitting Diode (LED). The rate of change of the LED light is so fast that although now it contains a digital signal the lights are not flickering and the modulation is not perceived by the naked eye.
It increases the speed of uplink/downlink wireless transmission (download a video, Skype video call) between the server and a laptop computer, tablet, or smartphone providing an extremely high bandwidth. It can also protect the communication from eavesdropping if the light source is contained inside the building.
The headquarters of Microsoft in Paris and other companies already are using Li-Fi communications.
Watch the full video at: www.youtube.com/watch?v=O-ncPjD1IeY