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Category: economics – Page 104

Akon Announces Launch Of AKOIN Cryptocurrency Mastercard

Back in April, it was reported that Akon planned to build a futuristic “Akon City” in Uganda. Along with Akon City, Akon launched AKOIN, his very own cryptocurrency.

According to the AKOIN website, which includes Akon City details and explains how it fits into the “I’m So Paid” singer’s efforts to bring resources and technological opportunities to Africa, AKOIN is “a cryptocurrency powered by a blockchain based eco-system of tools and services designed for entrepreneurs in the rising economies of Africa.”

Why Did the Industrial Revolution Start in Britain?

T turns out Britain was ripe for the birth of the Industrial Revolution.

Why did the Industrial Revolution begin in Britain? Was it because they are particularly ingenious and industrial people or just a happenstance of history?

Various theories have been proposed over time, but which, if any, hit the nail on the head?

Let’s take a look at one particularly interesting one.

What was the Industrial Revolution? The Industrial Revolution is widely accepted to have occurred between the 1760s and the First World War. It was a period of time marked by massive technological, socioeconomic, and geopolitical changes across the world.

Throughout this period of time, society transitioned from a larger agrarian and handicraft economy to one dominated by industry and machine-based fabrication. Technological innovation throughout the period changed many aspects of life and work beyond all recognition.

Full Story:

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Seoul, First Local Gov’t to Start New-Concept Public Service with “Metaverse Platform”

The Seoul Metropolitan Government (SMG) is the first local government in Korea to establish a metaverse platform, which has emerged as a contactless communication channel in the post-pandemic era, to start providing a new-concept public service by using the platform in its administration.

The SMG plans to establish “Metaverse Seoul” (tentatively named), a high-performance platform, by the end of next year, and create a metaverse ecosystem for all areas of its municipal administration, such as economic, cultural, tourism, educational and civic service, in three stages from next year.

Starting with the pilot program of a Bosingak Belfry virtual bell ringing event at the end of this year, the SMG will consecutively provide various business support facilities and services, including the Virtual Mayor’s Office, Seoul FinTech Lab, Invest Seoul and Seoul Campus Town, on its metaverse platform.

This is what buildings of the future will look like: and 5 ways to get there

Learn More.

World Economic Forum.

The gigantic roof regulates heat and light, drawing on ancient Mayan design.

Learn more about the importance of sustainable buildings.

For years many of us in the real estate community have recognized the pressing need for change. In early 2020, the World Economic Forum’s Real Estate partners set out to prepare a report on the future of real estate.

At the time, we thought sustainability had to be our core focus; sustainability in the broader sense of its meaning – clearly highlighting the importance of making real estate more environmentally friendly, but also addressing questions such as wellness, community, and the inclusiveness of buildings and urban spaces. For example, inclusiveness doesn’t touch only on city planning, architecture and accessibility, but also on affordability. All these required a concerted response from the real estate sector, from urban entrepreneurs and from policy makers.

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Japan Is Investing Over $5 Billion to Solve the World’s Chip Shortage

Bringing global giants into the economic fight.

The world’s biggest chip-making nation is getting serious.

Japan has committed $5.2 billion (roughly 600 billion yen) toward providing support for semiconductor manufacturers in a bid to help solve the world’s ongoing chip shortage.

While the funds will go to several chipmakers, the most notable among them is the largest one in the world, Taiwan Semiconductor Manufacturing Co (TSMC), according to an initial Tuesday report from Nikkei.

Japan invests $5.2 billion in Taiwan’s giant chip-making firm TSMC also said that it would construct a new chip plant in Japan for $7 billion in a joint effort with Sony Group Corp. Understandably, the government of Japan was pleased. The remaining 200 billion yen of Japan’s new investment will be directed toward preparing other factories for multiple new projects, including one under development by the U.S. memory chipmaker Micron Technology Inc, and Japan’s Kioxia Holdings, according to the report. Japan has remained the largest chip-making industry in the world since the 1980s. But since then the nation has fought an uphill battle to maintain its competitive edge in an increasingly crowded industry, falling into a steady decline in the last three decades as economic rivals like manufacturers based in Taiwan continued to close the gap.

Full Story:

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Replacing Carbon Fuel With Nitrogen: Chemists Discover New Way To Harness Energy From Ammonia

A research team at the University of Wisconsin – Madison has identified a new way to convert ammonia to nitrogen gas through a process that could be a step toward ammonia replacing carbon-based fuels.

The discovery of this technique, which uses a metal catalyst and releases, rather than requires, energy, was reported on November 8, 2021, in Nature Chemistry and has received a provisional patent from the Wisconsin Alumni Research Foundation.

“The world currently runs on a carbon fuel economy,” explains Christian Wallen, an author of the paper and a former postdoctoral researcher in the lab of UW–Madison chemist John Berry. “It’s not a great economy because we burn hydrocarbons, which release carbon dioxide into the atmosphere. We don’t have a way to close the loop for a true carbon cycle, where we could transform carbon dioxide back into a useful fuel.”

How Morocco Secretly Controls China, India, The United States, And the World

This is a farm in China.
This is a Mcdonalds in New York.
This is an apartment complex in Mumbai.
And this is a skyscraper in London.

What do all these have in common? Well as it turns out. All of these places’ successes or failures…
Economic booms or collapses…
And even population growth or famines…
Might soon be decided by the nation of Morocco.

And probably not for the reasons that you might think. In fact, this future economic trajectory was likely decided by a tiny little creature a couple centuries ago.

This a bat. In the modern world, we view bats as things that both control insect population, as well as creatures that spread rare diseases.

But a few hundred years ago, bats were discovered to do something else. Something miraculous that would shape our world forever without most people realizing it.

In 1,802, the european explorer, alexander von Humboldt, was travelling through the Peruvian lands, when he discovered something strange.

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The chase for fusion energy

And just as private space travel is now materializing, many industry observers are forecasting that the same business model will give rise to commercial fusion — desperately needed to decarbonize the energy economy — within a decade. “There’s a very good shot to get there within less than ten years,” says Michl Binderbauer, chief executive of TAE Technologies. In the FIA report, a majority of respondents thought that fusion would power an electrical grid somewhere in the world in the 2030s.

An emerging industry of nuclear-fusion firms promises to have commercial reactors ready in the next decade.

New Measures For The Digital Economy

By analyzing data from the global online intelligence platform BuiltWith, my colleagues and I have been exploring new ways to measure a nation’s actual digital footprint – from the bottom-up. We have developed two new experimental measures of national digital infrastructure – one focused on domestic digital infrastructure (DDI) and another that looks at a nation’s online export ambitions (DXI).

We plan to develop these further and explore how they may be used to feature in a future index of Digital Economic Investment next year.

This first measure: Digital Domestic Infrastructure (DDI), has a domestic focus and simply looks at the number of websites in each country using the top-level country domain as a simple filter for geography. We digital infrastructure consists of much more than websites and online services but that is a useful guide at a national scale into a nations investments and assets in the digital economy. We’ve also filtered for domains that are hosted by or invest in paid technologies (a data feature BuiltWith offers), so as to distinguish active websites from those that are idle or redirected – typically held by domain squatters. This also removes counts of hobby or personal websites as, while there’s an amazing array of free, open source technologies to be used in building digital services online, most commercial services now have at least one form of paid technology in their mix.

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