MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use

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MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use

Can MIT help the U.S. catch up to China in the CBDC race?

The MIT Digital Currency Initiative, or DCI, is helping the federal reserve bank of Boston build a digital currency with the goal of scaling for consumer use. The DCI’s director Neha Narula told Cointelegraph:

“We’re trying to build a high throughput, low latency transaction system that could be used by consumers and could handle the security and resilience required for a national currency.”

The multi-year collaboration between the two organizations is still in very early stages and not much information is being released to the public. Yet the focus is not on building a newer version of interbank digital ledger, but rather something that the consumers would be able to use. It is hard to estimate the required transactional throughput of such technology, but considering that the U.S. population is around 330 million and the fact that the dollar is the most widely used currency in the world (some nations have even officially adopted it), this number would have to be rather high.

Continue reading… “MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use”

This tiny robot tank could one day help doctors explore your intestine

With a bulky, armored appearance, heavy duty treads for gripping, and a claw arm on the front, the Endoculus robot vehicle looks like it belongs on the battlefield. In fact, it’s just 3 cm wide, 2.3 cm tall, and designed for an entirely different kind of inhospitable environment: Your intestine.

“[This] robotic capsule endoscope, Endoculus, is a tethered robot designed for colonoscopy applications,” Mark Rentschler, a mechanical engineering professor in the Advanced Medical Technologies Laboratory at the University of Colorado, told Digital Trends. “The goals are twofold: design a platform for a robot endoscope in the gastrointestinal tract, and enable autonomous capabilities to assist physicians with disease diagnosis and treatment during these procedures.”

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Volta Zero is an electric delivery truck built just for cities

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DPD will start using the EV to deliver parcels in London next year.

 Volta Trucks

A Swedish startup named Volta Trucks has unveiled its first vehicle: an electric truck designed specifically for city parcel and freight deliveries. The Volta Zero is scheduled to start production in the UK in 2022, and the company is aiming to have as many as 500 vehicles on the road by the end of that year. While it’s far from the first EV designed with parcel delivery in mind — Amazon plans to use electric vans from Rivian and Mercedes—Benz to deliver customers’ orders — Volta Trucks has forged significant partnerships that could give it a role in shaping the future of deliveries.

European delivery service DPD will launch a pilot test using the Volta Zero to service customers within London’s Ultra Low Emission Zone in the first quarter of 2021. The company also told Reuters that it has “well progressed with another seven or eight customers.”

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New autonomous sustainable robots could mine the deep sea

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Pliant Energy Systems says its C-Ray robot could be used as a less invasive ocean mining tool.

Mining companies are ready to tackle two new frontiers like never before: space and the deep sea.

The deep ocean is a place that’s not only rich in sea life, vast swathes of it are also abundant in metals such as nickel, copper, cobalt, zinc, which are essential to making smartphones, electric vehicles, and solar panel parts.

The problem is that marine scientists and environmentalists strongly oppose the invasive methods proposed by these mining companies as they might irreversibly damage fragile ecosystems. Renewable energy firm Pliant Energy Systems thinks it has the solution to this problem.

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‘Do I really need this much office space?’ Pandemic emptied buildings, but how long?

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Empty offices sit above empty retail stores on Broadway in downtown Manhattan.

As commercial real estate continues to lie vacant around the U.S., it may contribute to a vicious economic cycle that reshapes our cities.

Adam Johnson enjoys going into the office. It helps that he works in one of the nicest buildings in Midtown Manhattan: a 35-story art deco high-rise at the corner of 58th Street and Fifth Avenue, overlooking Central Park and the Plaza Hotel.

Johnson’s a stock picker — he writes an investment newsletter called Bullseye Brief — and, ostensibly, he shares the sixth floor with a real estate showroom and an assortment of hedge funds. They all left months ago.

“I am the only person who’s been coming in here since April 1st,” he says.

Continue reading… “‘Do I really need this much office space?’ Pandemic emptied buildings, but how long?”

These modular clamping tree tents were designed to encourage sustainable community travel!

I know treehouses were a thing of our childhoods but it doesn’t have to be! Get ready to take a beautiful virtual tour of the O2 Treehouse by Treewalkers that blend the best of our childhood imagination with glamping reality while keeping it all an eco-friendly experience! Treewalkers is one of the leading players in the world of treetop construction – they actually make treehouses that adults cannot reason out of.

The treehouses have unique geodesic domes and can be connected to create entire villages. The houses are modular so it enables franchisees to start their own village setups with one or more units – this can be a sustainable hotel, unusual Airbnb getaway, or simply a camping site that offers a different kind of stay. The innovative modular lattice design is what makes this a flexible accommodation — while catering to the individual’s needs and it also allows them to customize details. The units come with a standard a bug-proof outer socket, interior furniture, and canvas canopy roofing. As part of the franchise program, hosts have the option to open up their Treewalker to other hosts in exchange for points that can be used towards other stays – sustainable community tourism! There are many intriguing shapes but the most iconic one has to be the A-shaped floating tent because that is something we have all tried to create with a blanket in our living rooms. The interiors are warm + woody and have a plush bed with a seating area. As you can imagine there will be plenty of natural light and ventilation. While there is no clear indication of the bathroom being in-unit, I assume that will be a separate pod in itself or have other arrangements like porta-potty if its a campsite.

The California-based design studio has extended its realm with a franchise-hospitality brand to make it possible for anyone to own one of the O2 Treehouses. “Treewalkers is a franchise-based treehouse hospitality brand that lends homeowners a way to launch into the home-sharing market with low risk and a high ROI, and lends travelers an easily accessible network of eco experiences,” says founder Dustin Feider. Finally, O2 Treehouse estimates a 1-3 year return on investment based on a rate of $150 per night, occupied for 30-60% of the year and they have broken down the math for you on their website should you decide to go that route. The ultimate mission of the brand is to design architectural structures that heal the bond between humans and nature so they can coexist peacefully!

Continue reading… “These modular clamping tree tents were designed to encourage sustainable community travel!”

Storelift launches autonomous convenience stores using AI and computer vision

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As physical retail struggles amid the global pandemic, storeowners are rapidly trying to adapt to new realities that also include growing competition from Amazon. But a French startup called Storelift believes it can create a new convenience store concept that leans on many of the same AI and computer vision tools used in Amazon Go stores to reinvent the shopping and checkout experience,

This week, Storelift announced that it has launched its first two stores under the name “Boxy.” The Boxy stores are repurposed shipping containers that can be plopped down in various urban neighborhoods that lack good shopping options.

The founders believe their approach demonstrates how businesses can exploit new shopping niches with the help of sensors, data, and AI that allows them to optimize their inventory and reduce costs.

“Our vision is really to address all the city areas where there are 10,000 people who have no convenience store,” Storelift CEO and cofounder Tom Hayat said. “We want to be as close to the customers as possible.”

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CRISPR-based COVID test is rapid, accurate and costs less than $1

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CRISPR’s claim to fame may be gene editing—and turning the scientific community on its head when it first debuted—but it may have another trick up its sleeve.

Recent studies have indicated CRISPR tools have the potential for in vitro diagnostics, something Chinese scientists have leveraged to develop a 100% accurate COVID-19 test that can be mass manufactured for 70 cents.

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Futurism: a driver for new businesses

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Futurism won’t provide us winning lottery numbers, but it can tell us what the next scenarios may be for your company, market or customers, mapping the biggest threats and opportunities. It can help you contain risks and respond quickly in order to build sustainable success.

In this article, in addition to understanding what Futurism is, you’ll see how it’s related to innovation. You’ll also see how you can apply it to guide your business.

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Amazon wins FAA approval for Prime Air drone delivery fleet

 

KEY POINTS

  • Amazon on Monday received approval from the Federal Aviation Administration to operate its fleet of Prime Air delivery drones.
  • The approval will give Amazon broad privileges to “safely and efficiently deliver packages to customers,” the FAA said.
  • Amazon joins UPS and Alphabet-owned Wing, who previously won FAA approval for their drone delivery operations.

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‘Schoolcations’ are the latest hotel trend to attract remote learners

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As the nation’s children head back to school, it’s clear that for many, the school year will be like none before.

 With many students learning remotely, some families are looking at ways to take advantage of what might be a once-in-a-lifetime opportunity: to take their families out of their hometown and on vacation at a time of year when it would typically not be practical. It’s a silver lining in what many parents think will be a difficult year ahead.

Hotels in the U.S. and Mexico are offering distance-learning vacations with everything from dedicated “classroom” space to private tutors to tech support.

Continue reading… “‘Schoolcations’ are the latest hotel trend to attract remote learners”

As telemedicine replaces the physical exam, what are doctors missing?

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Virtual medical appointments are more common since the coronavirus pandemic began. But without physical exams, doctors may miss certain diagnoses and miss out on building relationships with patients.

Despite a foothold in medicine that predates Hippocrates himself, the traditional physical exam might be on the verge of extinction. The coronavirus crisis has driven more routine medical appointments online, accelerating a trend toward telemedicine that has already been underway.

This worries Dr. Paul Hyman, author of a recently published essay in JAMA Internal Medicine, who reflects on what’s lost when physicians see their patients almost exclusively through a screen.

A primary care physician in Maine, Hyman acknowledges he’d already begun second-guessing routine physicals on healthy patients as insurance requirements pushed doctors away from them.

But while Hyman is now providing mostly telemedicine, like many doctors during the pandemic, he writes that he has gained a clearer sense of the value of the age-old practice of examining patients in person. He notes the ability to offer reassurance, be present for his patients and find personal fulfillment as a doctor.

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Discover the Hidden Patterns of Tomorrow with Futurist Thomas Frey
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By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.

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