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Watch now as Blockchains, LLC founder, Jeffrey Berns, for the first time, lays out his company’s groundbreaking vision on how they plan to leverage blockchain technology to impact humankind for the better.
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Admin Blockchain Company Watch this video and more on BCtv http://tv.blockchaincompany.info on autoplay through your laptop, desktop or smart tv.- 10 1 vote
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Dapp.com CEO Kyle Lu and Brewer Group CEO Jack Brewer on the outlook for cryptocurrency.
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Emerging ‘BaaS’ industry can’t become a soaraway success without solving the data capacity problem
Good BaaS providers take care of keeping the blockchain infrastructure and its associated artefacts up and running, providing support activities like bandwidth management, allocation of resources, and hosting requirements.
Blockchain-as-a-Service (BaaS) is starting to gain real traction as an offering.
This is no surprise. The technical complexities and operational overheads involved in creating, configuring, and operating blockchain solutions can be formidable barriers for enterprises.
Factor in a shortage of accomplished and experienced blockchain developer teams, and it makes sense for businesses to leverage cloud-based solutions to build, host and manage their blockchain apps and smart contracts.
BaaS is a clear and sensible route – perhaps the only foreseeable route – to blockchain’s mass adoption. The BaaS market is expected to grow from around $623million in 2018 to $15billion by 2023 – a pretty impressive compound annual growth rate of 90%.
But to achieve this kind of growth, providers know they need to find ways to solve the current data storage scalability issues.This is a more pressing problem than most people realise.A guide to blockchain-as-a-service (BaaS) for CTOs and IT leaders
As servitisation business models continue to grow in popularity, it’s only natural that we are now seeing as-a-service offerings emerge for blockchain applications. Blockchain-as-a-service (BaaS) has established a strong market presence and is promising enterprises a way to utilise the much-hyped technologyA tidal wave of data
Innovation and economic development across the world in the 21st century is becoming increasingly dependent on data. The volumes of data we generate, and the insights we extract from this data, are expanding exponentially. Factor in the Internet of Things, and the imminent mass arrival of driverless cars on our roads, and this expansion rate will soar off the charts.
Worryingly, the world isn’t doing enough to prepare for this new reality. Of course, cloud computing giants like Oracle, Microsoft and AWS already nicely handle the world’s database needs. But for them to scale up in line with the exponential growth trajectory of data, they need to add larger and more efficient centres continually. This simply isn’t sustainable.Turning to nature for help
But a far more elegant solution that doesn’t require the mass construction of vast data centres across the world is emerging.In nature, we see fish working together in schools to hunt and move around safely. Birds fly in flocks, detecting motion in chain reactions. Bees swarm when a queen bee leaves a colony with thousands of worker bees to find a new home.
These creatures gather together to act as a single organism with a collective “wisdom”.
Blockchain technology can bring humans together in similar ways. Decentralised cloud systems, which can distribute information across networks, give humans the power to work together in swarms. And these swarms could provide the long-term data solution the world is looking for.From upskilling to outsourcing: How CTOs can introduce blockchain to the enterprise
Information Age’s guide on how to introduce blockchain to your enterprise in the face of the digital skills crisis. Looking at everything, from upskilling schemes and outsourcing to how CTOs can impact change in relation to how universities shape their degreesUsing spare capacity
In return for renting out their hardware to a decentralised data storage network, businesses and individuals across the world could receive tokens. Their computers, acting as storage nodes, would keep the data in shards or fragments, with one node never holding all the information.
For this reason, swarm networks are much more secure than cloud networks that rely on centralised server farms.
The fact that each computer in such a network would be encrypted in different ways means a successful attack would be virtually impossible. The data being stored could only eventually be pieced together by a keyholder.Speed and scale
A data storage network of thousands of computers spread out across the world could be lightning fast. Think of swarms like torrent peers in peer-to-peer networks.
When someone wants to access their data from the swarm it comes from the closest nodes. And when that data is retrieved from several swarms at once, it comes in parallel.It’s a scalable and more environmentally friendly system than centralised cloud storage – making use of the hardware that is already out there in the world.
During peak usage times, this hardware can be called into action, while during low usage times it can stand down. While centralised cloud providers have to build new data centres to scale up, a decentralised cloud can simply incentivise new users to lend out free hard-drive space.Building a decentralised internet
A new, decentralised internet is already in the process of being built. Blockchains like Ethereum can be thought of as the new operating systems. FileCoin or Storj do file storage (just like Dropbox or Box do on the centralised web).
Then there are companies like Golem, which are harnessing computer power everywhere to build a worldwide supercomputing system. A decentralised internet database that stores and manages data so it can be easily accessed by websites and applications now need to be built. BaaS providers’ futures rely on it.Why should CTOs in the financial sector consider blockchain technology?
Blockchain creates continuity in the digital world, thus enabling trust and the disintermediation of financial service providersA BaaS future
Good BaaS providers take care of keeping the blockchain infrastructure and its associated artefacts up and running, providing support activities like bandwidth management, allocation of resources, and hosting requirements.This is a manageable – even relatively simple – task at the moment because we’re at the very early stages of the blockchain.
In internet terms, we’re in the mid-90s, when the very concept of the internet was hard to explain, when the few that used it relied on dial-up connections, and when dealing with larger files like video simply wasn’t feasible.Look what happened to the internet next.
Thanks to the technological infrastructure and computing power already in place, blockchain’s development will, of course, be far more rapid. We’re on the cusp of exponential progress, and the BaaS providers can look forward to some profitable years ahead. But the data storage problem needs to be addressed.
Written by Pavel Bains, CEO of Bluzelle.- By Admin
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Bloomberg | What's the biggest difference between a traditional exchange and crypto exchange
Going forward, are you 100% equities, cryptos or both?-
Francisco Gimeno - BC Analyst Traditional exchanges have the history, regulations, weights and measures which are more comfortable to investors than the crypto exchanges in a yet infant and volatile market with few or none regulations yet. This will change in the next future when the crypto market will mature.
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Emerging technologies are greatly improving humanity - but left unchecked can also erode key pillars of society. What ethical responsibility do leaders have to ensure a safe, sustainable, and inclusive future for all?
Join some of the worlds top experts from business, civil society, and religion for a discussion about the important new ethical questions being raised by technology and how leaders can respond.- By Admin
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Francisco Gimeno - BC Analyst Any modern technological change bring new ethical issues and touches on the problem of personal and social responsibility. Technology without ethics can be a disaster. This type of debate is necessary to make everyone aware that this is 4th IR is not just a problem of tech nerds, or those in power or control, but an issue which needs the personal commitment of the persons and societies, to be a part of the solution.
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Pairing artificial intelligence and the blockchain might be what you would expect from a scammer looking to make a quick buck in 2018. The two concepts, after all, are two of the most buzzed about and least understood ideas in the tech universe. And the blockchain, the database design introduced by bitcoin, has lately been the most popular route for anyone looking to raise money for an idea that sounds too good to be true.
Despite how easy the combination is to mock, the idea of applying the blockchain to AI is attracting a growing roster of serious entrepreneurs and venture capitalists, many of them with impressive academic credentials.
Dawn Song, a computer science professor at UC Berkeley, and Ben Goertzel, the chief scientist at Hanson Robotics, have been among the big names arguing that the blockchain could be a crucial way to push back against some of the most worrying trends facing the field of artificial intelligence.
Many AI experts are concerned that Facebook, Google and a few other big companies are hoarding talent. They also control huge troves of online data that are necessary to train and refine the best machine learning programs.
Song, Goertzel and other entrepreneurs say they believe blockchain could encourage a broader distribution of the data and algorithms that will determine the future development of AI.
“It’s important to have machine learning capabilities that are more under the user’s control, rather than relying on these big companies to get access to these capabilities,” Song said.
The startups working toward this goal are applying blockchains in a number of ways. At the most basic level, just as the blockchain allows money to be moved around without any bank or central authority in the middle, AI experts are hoping a blockchain can allow artificial intelligence networks to access large stores of data without any big company controlling the data or algorithms.
Several startups are setting up blockchain marketplaces, where people can buy and sell data.
Ocean Protocol, a project based in Berlin, is building the infrastructure so that anyone can set up a marketplace for any kind of data, with the users of data paying the sources with digital tokens.
Unlike Google and Facebook, which store the data they get from users, the marketplaces built on Ocean Protocol will not have the data themselves; they will just be places for people with data to meet, ensuring that no central player can access or exploit the data.
“Blockchains are incentive machines — you can get people to do stuff by paying them,” said Trent McConaghy, one of the founders of Ocean Protocol, who has been working in AI since the 1990s.The goal, McConaghy said, is to “decentralize access to data before it’s too late.
”Ocean is working with automakers to collect data to help create the AI of autonomous cars. All the automakers are expected to share data so none has a monopoly.
Another startup, Revel, will pay people to collect the data that companies are looking for, like pictures of taxis or recordings of a particular language. Users can also let their phones and computers be used to process and categorize the images and sounds — all in exchange for digital tokens. Over a thousand people already have put their computers to work.
These sorts of marketplaces are only the outer layer of the blockchain systems that are being built to handle AI data.One of the biggest concerns that people have about the data being collected by Google and Facebook is the access it gives these companies to the most private details of our lives.
Song is working on a blockchain, known as Oasis, that will use advanced techniques to secure the data being bought and sold, so that no one — not even the company using the data — will get a copy of it.
In the Oasis network, all data moving through the system will be locked into encrypted bundles. Researchers will be able to run the data through their machine learning algorithms — and prove that the calculations were done correctly — without ever actually seeing the underlying data.
One project building on top of Oasis, known as Kara, will allow medical researchers looking at the behavior of specific diseases to train their machine learning models with data from actual patients, without the data ever being exposed.
Oasis has already raised $45 million from several big-name venture capital firms, but they have competition from another startup created by researchers from the Massachusetts Institute of Technology, called Enigma.
Enigma got started before Oasis and is working with partners like Ocean Protocol to ensure that people contributing data to marketplaces can set the exact terms under which their data can be used.
Other startups are using blockchains to open access to the AI models themselves. Goertzel has created SingularityNET, a blockchain that will serve as a link among AI services around the world. If one AI module is unable to come up with an answer, it can consult with others, and provide compensation if one of the other modules is able to get it right.
Hanson Robotics is planning to use SingularityNET to feed information into its humanoid robot, Sophia. Unlike Amazon’s Alexa service, which answers questions using services approved by Amazon, Goertzel wants Sophia to reach out to other AI providers if she can’t find the right answer.
Nathaniel Popper is a New York Times writer.-
Francisco Gimeno - BC Analyst One of the sinister sides of AI is not that it could be a Terminator kind of AI, but that big companies or governments, which are the ones with funds to research and launch AI will control AI. The beauty of the 4th IR is that a throve of technologies come together. Blockchain can be the technology which can "open" access to other big 4th IR technologies such as AI. But this is not a magic solution, and we must be very aware of that.
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