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The Lygon blockchain platform, which runs on IBM Public Cloud, has reportedly successfully conducted its pilot since last year with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac and a group of 20 Australian businesses.

Banks are expected to issue bank guarantees in just one day once they implement Lygon compared to the current paper-based guarantees that can take a month. The three Australian banks and retailers Scentre Group and IBM are planning to expand the Lygon platform for commercial use, according to a report on Sept 1.

A bank guarantee is a type of financial backstop offered by a lending institution. The bank guarantee means that the lender will ensure that the liabilities of a debtor will be met. The financial guarantees are said to be needed as part of retail property leases and from this month. Lygon chairman Nigel Dobson added that:

“The commercialisation of the Lygon platform represents a significant milestone for blockchain technology in Australia and globally. In digitising a bank guarantee, we’ve essentially transformed a three-way contract. We’ve digitised the paperwork, the process and the legality behind it…”

Continue reading “Blockchain platform commercializes digital bank guarantees in Australia” | >

« The Strategy also calls for greater cooperation, both with private actors and with international allies and partners, in particular for future capability development and operations. The DSS makes clear that part of the rationale behind this call for cooperation is ”burden-sharing”, but the United States is also interested in collaborating to benefit from its allies’ space programmes. Moreover, these collaborative efforts will be given significant attention in the short-term, therefore, the place that Europe wants to take in this framework should be raised now. »

#SpaceWatchGL

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After an internal investigation, the US Department of Defense (DoD) announced that is standing by its decision to award the $10 billion JEDI cloud computing contract to Microsoft and not Amazon. The probe was triggered after Amazon complained that the integrity of the bidding process was cast into doubt because of statements by President Trump.

The Pentagon affirmed its initial decision awarding the contract to Microsoft, but acknowledged that the legal battle isn’t over. In a press release, it said it “determined that Microsoft’s proposal continues to represent the best value to the government” but added that the contract “will not begin immediately.” That’s because of a temporary injunction issued over an Amazon lawsuit arguing that the contract had “clear deficiencies, errors and unmistakable bias.”

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« Has the universe been around forever? If so, perhaps it’s been bouncing back and forth in a never-ending cycle of big bangs in which all matter bubbles out of a singularity, followed by big crunches, in which everything gets swallowed up again to form that dense point from which the universe is born again. And the cycle continues over and over and over. »

All you need is some string.

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Quantum technologies, such as quantum computers, quantum sensing devices and quantum memory, have often been found to outperform traditional electronics in speed and performance, and could thus soon help humans to tackle a variety of problems more efficiently. Despite their huge potential, most quantum systems are inherently susceptible to errors and noise, which poses a serious challenge to implementing and using them in real-world settings.

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When the COVID-19 shutdown began in March throughout the United States, my team at Adobe had to face a stark reality: Business as usual was no longer an option. Suddenly, over just a single weekend, we had to shift our global workforce of over 22,000 people to working remotely. Not surprisingly, our existing processes and workflows weren’t equipped for this abrupt change. Customers, employees, and partners — many also working at home — couldn’t wait days to receive answers to urgent questions.

We realized pretty quickly that the only way to meet their needs was to completely rethink our support infrastructure.

Our first step was to launch an organization-wide open Slack channel that would tie together the IT organization and the entire Adobe employee community. Our 24×7 global IT help desk would front the support on that channel, while the rest of IT was made available for rapid event escalation.

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Ira Pastor, ideaXme life sciences ambassador, interviews Dr. Rachel Ramoni, Chief Research and Development Officer at the U.S. Department of Veteran Affairs.

Ira Pastor Comments:

The United States Department of Veterans Affairs (VA) @U.S. Dept. of Veterans Affairs is a federal Cabinet-level agency that provides comprehensive healthcare services to military veterans at over 1,000 VA medical centers and outpatient clinics located throughout the US. It also provides several non-healthcare benefits including disability compensation, vocational rehabilitation, education assistance, home loans, and life insurance; and provides burial and memorial benefits to eligible veterans and family members.

The VA serves over 9 million enrolled Veterans each year, employs over 377,000 people and has an annual budget of $200 billion.

Continue reading “High Tech Innovation, Support and Individualised Care For Leading Edge Rehabilitation” | >

Special purpose acquisition company Tortoise Acquisition Corp. and electric truck company Hyliion will vote on their merger on Sept. 28, meaning there will likely soon be another EV player on the market, according to a recent filing with the Securities and Exchange Commission.

The companies announced their intention to merge in June, shortly after Nikola went public through a reverse merger with VectoIQ, also a special purpose acquisition company or SPAC.

Once the deal closes, the combined company will be known as Hyliion Holdings Corp., and it will trade on the New York Stock Exchange under the ticker HYLN. Through the merger Hyliion will receive $560 million, which will be used to accelerate product commercialization.

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