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Category: bitcoin – Page 71

What Does it Mean to “Move to the Cloud”? This eBook Breaks Down the Myths

Again; many problems with AI & IoT all ties back to the infrastructure of things. Focus on fast tracking QC and an interim solution (pre-QC) such as a mix of Nvidia’s GPU, blockchain for financial transactions, etc. to improve the infrastructure and Net then investors will begin to pay more attention to AI, etc.

After more than 60 years since its conceptual inception — and after too many hype-generating moments — AI is yet again making its presence felt in mainstream media.

Following a recent WEF report, many perceive AI as a threat to our jobs, while others even go so far to assert that it poses a real threat to humanity itself.

What is clear for the time being is that there are many questions that still remain unanswered: Can we actually create conscious machines that have the ability to think and feel? What we do we mean by the word conscious in the first place? What is the accurate definition of intelligence? And what are the implications of combining the Internet of Things (IoT) with intelligence?

IBM Watson is Working to Bring AI to the Blockchain

I consider this as a nice interim step in maturing the digital platform environment for financial services. However, once Quantum Computing, Quantum Internet, etc. is available to the masses such as in China, etc. this solution will fail in protecting financial data and other PPI related information as recent research is showing us.

https://lnkd.in/bjcCJ-U

IBM is currently attempting to merge artificial intelligence and the blockchain into a single, powerful prototype.

With blockchain tech’s promise of near-frictionless value exchange and artificial intelligence’s ability to accelerate the analysis of massive amounts of data, the joining of the two could mark the beginning of an entirely new paradigm.

Over the past three months, IBM’s chief architect in charge of Internet of Things security Tim Hahn has focused specifically on introducing the blockchain to his company’s artificially intelligent computer named Watson.

MIT Cleantech Committee explores how blockchains can distribute renewable electricity

Experts from MIT are hosting an event next week to explore the potential blockchain technology could in making electricity markets cleaner and more efficient.

Cambridge chapter of the MIT Enterprise Forum will bring together experts including Joi Ito of the MIT Media Lab and Paul Brody of Ernst and Young for the blockchain transitioning energy industry event on Monday 22 February. They will be joined by a distinguished panel of emerging technology, blockchain, and energy industry leaders to discuss the intersection of energy grid transformation and distributed ledger technology.

Scott Clavenna of Greentech Media will moderate a panel consisting of Joi Ito, Paul Brody, Ed Hesse of Grid Singularity, and Lawrence Orsini of LO3 Energy. The event will tackle questions such as “How can cleantech enterprise and industry leverage the blockchain for innovation?” and “What are the new models for growth?”.

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Cyber extortionists zap computers at Hollywood hospital

Criminal’s favorite new tool for extortion.

Hollywood Presbyterian Medical Center was the target of a ransomware extortion plot in which hackers seized control of the hospital’s computer systems and then demanded that directors pay in bitcoin to regain access, according to law enforcement sources.

Ransomware attacks on business data systems are becoming an increasingly common form of cyber crime. The assault on Hollywood Presbyterian computers occurred Feb. 5, when hackers prevented hospital staff from accessing patient information, according to law enforcement sources, who were not authorized to discuss the details of the investigation. The hackers then demanded an unspecified sum of computer currency.

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How blockchain will save us from the perils of central bank price fixing

What will be interesting most about block chaining is when more countries drop their own traditional currency models & move to block chaining like one of the countries in Africa announced 2 weeks ago. I do know that many 2nd & 3rd world countries are finding electronic currency more appealing due to the Central Bank’s policies; however, what will be the impacts at the end of the day felt across the world as more and more 2nd & 3rd world markets switch their models. Immediately, we see risks with central banks; the question is where else (WBO, WTO, US, etc)

Many countries have experimented with price fixing and central planning over the last century. Right now, Venezuela’s government is fixing the prices of many products. This has resulted in widespread shortages of goods which we, as the lucky inhabitants of semi-free economies, take for granted.

Price fixing has failed in every area of the economy in which it has been tried. But while few serious economists would suggest that we have a team of bureaucrats set the price of rubber, wheat or coffee, we do have one sphere of the economy which is still centrally planned – our monetary system. This will fail just like all central planning fails. We are now moving into a dangerous new phase of price fixing by central banks. Having failed to stimulate economies with years of zero per cent interest rates, they are now discussing the prospect of negative interest rates (and some have even introduced them), the reductio ad absurdum of modern monetary economics.

Economist Friedrich von Hayek won the Nobel Prize in Economics in 1974 for his exposition of how central banks’ manipulation of money and interest rates causes distortions to the market and generates the boom bust cycle. He also wrote several papers in the 1970s on how allowing companies to issue their own private money would be the only long-term solution. If people could choose which money to use, it is highly unlikely that they would go with that which is routinely debased by the government or used for wild credit expansion by the banking sector.

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The Blockchain is a New Model of Governance

While many people focus on bitcoin’s price fluctuations and potential increase in adoption, currency is just the first application of this game-changing technology. The core of the blockchain provides an alternative governance model to the current oligarchic control shown in the harsh austerity forced against the will of the Greek people.

In the six years of its existence, public awareness of this technology has grown by leaps and bounds. Now, most who are aware of this groundbreaking innovation know the blockchain is a ledger. Yet, this ledger is not simply for accounting monetary transactions.

At its core, it is a platform that allows people to come to agreement on virtually anything without intermediaries. It provides a foundation to make social contracts based on the principle of consensus. Foremost, it enables a larger function of accounting; performing checks and balance on the self interests and the corruptible tendencies that exist in society.

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