Technological convergence: Blockchain and Artificial Intelligence

By Montse Guardia

For a few years, technology has allowed us to exchange languages. We can travel safely, despite our ignorance of multiple languages ​​that is because we have the necessary support in our pocket. At the same time, we can learn these languages ​​regardless of where we are thanks to studying them with native speakers through mobile applications. 

We are prepared to create tools that allow us to tele-communicate between different cultures, growing in knowledge and wisdom, beyond our knowledge of the vocabulary, grammar, and expressions of a language. 

We are in the century in which we teach communication to machines, in which we get machines to express themselves naturally even in non-verbal communication. We are shepa.ai, we are prepared to learn, disseminate and deepen AI. But George Bernard Shaw told us that “the biggest problem of communication is the illusion that it has taken place”, we are in an era in which words are quickly labels to which we associate not only concepts, but also ideas and opinions and confusion. 

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Decentralized Insurance Built on the Blockchain is a Game Changer

Decentralized insurance built on a transparent, blazingly fast, and efficient blockchain with the community in mind is something to think about, says Adam Hofmann, the CEO of Nimble.

Let’s face it – crypto, Web3, blockchain, whatever you want to call it – is growing fast. As a result, there are concerns and skepticism around the volatility and safety of digital assets, including investor funds. Would you put your hard-earned money into anything without some sense of safety and security?

If we are going to be honest with each other, and we certainly should be, it is absolutely logical that companies are skeptical to put big money into a decentralized system.

In both the fast-evolving DeFi space and the “Normalverse,” there is always the risk of hacks or exploits. Enter: decentralized insurance.

“There have been innumerable cases of smart-contracts hacking, cyber-attacks on exchange platforms etc. that have caused huge loss of investor funds,” Blockchain Simplified states on Medium. “Even the magnanimous DAO could not prevent a malware attack on its platform that resulted in loss of billions. Decentralized Insurance has plenty of use-cases that can help prevent such consequences from occurring.”

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Blockchain Will Coordinate Airspace so Delivery Drones Don’t Crash

Blockchain and drones: How will we control the new highways of the skies above us as small aircraft fill the the space above our cities?

By Nicole Buckler 

Blockchain is a new industry. And yet, there are systems being conceived around it that are even newer. And this concept is one of them. For those of us with kids, we are being told to prepare them for jobs that don’t exist yet. So read on.

It has been predicted that within a couple of years, drones will be above us all the time. They will operate in a sub-layer of the sky, below commercial flight paths and military jets. But their flight paths will need to be coordinated. This is so they don’t smash into each other while delivering cargo, ferrying people, and inspecting things like wind turbines and bridges. No one needs to be rained on by smashing drones, thanks.

A sub-layer of air traffic control has been conceived to address this. It will work using both distributed ledger tech (DLT), blockchain, and automation. Research around this new sub-layer in the aviation industry is already well underway. The idea is to improve safety, cybersecurity and interoperability.

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Blockchain Will Coordinate Airspace so Delivery Drones Don’t Crash

Blockchain and drones: How will we control the new highways of the skies above us as small aircraft fill the the space above our cities?

By Nicole Buckler

Blockchain is a new industry. And yet, there are systems being conceived around it that are even newer. And this concept is one of them. For those of us with kids, we are being told to prepare them for jobs that don’t exist yet. So read on.

It has been predicted that within a couple of years, drones will be above us all the time. They will operate in a sub-layer of the sky, below commercial flight paths and military jets. But their flight paths will need to be coordinated. This is so they don’t smash into each other while delivering cargo, ferrying people, and inspecting things like wind turbines and bridges. No one needs to be rained on by smashing drones, thanks.

A sub-layer of air traffic control has been conceived to address this. It will work using both distributed ledger tech (DLT), blockchain, and automation. Research around this new sub-layer in the aviation industry is already well underway. The idea is to improve safety, cybersecurity and interoperability.

Cranfield researchers are part of this project. They say the system will integrate an ecosystem of crewed and uncrewed aircraft in the UK’s skies.

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Little by little, blockchain technology is beginning to appear around the house

From ecological seafood to Bored Apes, blockchain technology is making its presence felt in homes.

Blockchain technology is familiar to cryptocurrency users and national banks, and awareness of it is spreading fast to gamers. Applications in industry, particularly supply chain management, have been appearing as well. Through them, blockchain technology may improve domestic life in unseen ways, such as ensuring high-quality food, responsibly sourced seafood, or preventing the counterfeiting of pharmaceuticals. Nonetheless, the home may be blockchain’s final frontier. 

Blockchain penetration at the household level is so far quite low, but day-to-day utility was no afterthought for blockchain developers. Christoph Jentzsch, Simon Jentzsch and Stephan Tual, who in 2016 created The DAO — the short-lived first decentralized autonomous organization (DAO) — introduced Slock.it, “the first physical implementation of blockchain technology,” the same year. Slock.it technology connected devices on the Internet of Things (IoT), such as locks and payments systems, in a secure, non-intermediated manner that could be used, for example, for renting objects and property. In 2019, Slock.it was acquired by Blockchain.com, which continues to offer those services to this day. 

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From burrata to blockchain: How food and NFT are related

We find out over ‘glow in the dark dishes’ and sustainable eating

by Purva Grover

There are still a few of us who are wondering what are NFTs? These are non-fungible tokens, a unique digital file that’s stored on a blockchain network. Let’s dig deeper for clarity, shall we? Fungibility is an item that can be replaced by another identical one, and if something is non-fungible there is nothing with the same characteristics that can replace it. And NFTs are the buzzword, globally, and locally of course, with creators of all kinds exploring the ‘it’ thing. Interestingly, now NFT has entered the culinary world too. We find out.

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China’s blockchain ally joins Federal Reserve’s service provider showcase

Cypherium is the only blockchain company featured in the FedNow Service Provider Showcase for now, the CEO told Cointelegraph.


By HELEN PARTZ 

The United States Federal Reserve Banks are moving forward with a real-time payment project, the FedNow Service, allowing service providers to present their instant payment solutions, including those based on blockchain technology.

On Tuesday, the Fed officially launched the FedNow Service Provider Showcase, aiming to provide financial institutions and users with a range of services to help them implement FedNow Service, which launches in 2023.

At launch, the showcase includes more than 70 profiles and service providers that support instant payments, including Cypherium, a New York-based blockchain company, focused on instant payment solutions, blockchain interoperability and central bank digital currencies (CBDC). The platform is known for being involved in Chinese blockchain projects, including cooperation with Suzhou City Municipal for the city’s development of blockchain Infrastructure.

Other providers in the showcase include services like BNY Mellon Immediate Payments, Mastercard Track Business Payment Service and ePayments.

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JPMORGAN UNVEILS RESEARCH ON QUANTUM RESISTANT BLOCKCHAIN NETWORK

“QKD is the only solution that has been mathematically proven to defend against a potential quantum computing-based attack,” JPMorgan emphasized in its announcement. 

United States banking giant JPMorgan Chase has unveiled research on a quantum key distribution (QKD) blockchain network that is resistant to quantum computing attacks.

QKD utilizes quantum mechanics and cryptography to enable two parties to exchange secure data and detect and defend against third parties attempting to eavesdrop on the exchange. The technology is seen as a viable defense against potential blockchain hacks that could be conducted by quantum computers in the future. 

According to a Thursday announcement, JPMorgan collaborated with Toshiba and Ciena to deploy and test the QKD blockchain. 

“At this time, QKD is the only solution that has been mathematically proven to defend against a potential quantum computing-based attack, with security guarantees based on the laws of quantum physics,” the announcement read. 

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MARSHALL ISLANDS OFFICIALLY RECOGNIZES DAOS AS LEGAL ENTITIES

 

The Pacific island state, long keen to adopt blockchain technology, recognizes decentralized autonomous organizations

The Republic of the Marshall Islands has moved to formally recognize decentralized autonomous organizations, better known as DAOs, as legal entities — a move that gives collectively owned and managed blockchain projects formal recognition on the global stage. 

DAOs, which are blockchain-based entities governed by self-organizing communities, have attained legal recognition in the Marshall Islands after the country passed the amended Non-Profit Entities Act 2021. The amendment allowed cryptocurrency trading infrastructure platform Shipyard Software to incorporate the island country’s first DAO, Admiralty LLC. The incorporation was aided by MIDAO Directory Services Inc., a domestic organization that was established to help DAOs register within the Marshall Islands. 

As it currently stands, the new legislation allows any DAO to register and establish operations in the Marshall Islands. 

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Blockchain and Smart Contracts Have German Auto Dealers on the Fast Track to Financing

BY DAVID EDWARDS 

ChinaTechNews reports on April 4 that German auto dealers are using the Ethereum blockchain to get around bank bureaucracy, speeding up dealer credit applications.

German car dealers and distributors have found a new use for blockchains – acquiring and financing their customers quickly and with less paperwork than traditional bank loans.

Using Ethereum smart contracts – computer protocols that facilitate, verify or enforce the negotiation of an agreement – dealerships can provide their clients with immediate access to fiat currencies through dealer credit applications. 

But this family-owned dealership has embraced the blockchain by incorporating cryptocurrency into its auto finance services. The result? Shortening closing times on car loans using virtual money that’s seen a 1,400 per cent rise in value since January 2017.

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FDA: Blockchain-Based Food Tracking Bound for Widespread Adoption

By VICTORIA CAMPISI

A new rule could boost blockchain-based food tracking.

The rule, expected next November, would require the food industry to maintain records associated with the critical tracking events on the supply chain, according to Frank Yiannas, deputy commissioner for food policy and response at FDA, as reported by The Wall Street Journal (Feb. 1).

Events include growing, receiving, transforming, creating and shipping food products.

The Food Safety Modernization Act Proposed Rule for Food Traceability wouldn’t require companies to maintain electronic records. However, it is believed many would employ digital systems including blockchain to comply, Yiannas explained.

Blockchain is the distributed ledger technology supporting bitcoin and other cryptocurrencies. It is a decentralized technology spread across many computers that manages and records transactions.

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Opera Releases Web3 Browser to Let Users Seamlessly Link Crypto Wallets to Blockchain Services

Opera’s crypto browser will allow users to link wallets like Metamask, apart from its native crypto wallet that was launched in 2018.

By Shomik Sen Bhattacharjee

Opera’s new browser offers direct, frictionless access to Web3 services.

  • Opera has launched the beta version of its “Crypto Browser Project”
  • Opera’s Web3 browser features a news and data aggregator section
  • The beta is currently available for Windows, Mac, and Android

Opera, the team behind the popular multi-platform browser has now unveiled a new browser project which the company dubbed “Crypto Browser Project,” aimed at offering users direct access to Web3 services with beta versions already rolling out for Windows, Mac, and Android. With the crypto browser project, Opera intends to make it easier for crypto natives, as well as relative newbies to browse decentralised apps (dApps), access blockchain games and metaverse portals more seamlessly across platforms and devices.

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