Article: Unbanking The Future With DeFi

Blockchain, Decentralized Internet, Money

Unbanking The Future With DeFi

Based on open protocols and decentralized applications, agreements are enforced by code, transactions are executed in a secure and verifiable way, and legitimate state changes (ledger entries) are made immutable on a publicly searchable and verifiable blockchain.

DeFi creates an environment that can simultaneously provide unprecedented transparency and equal access rights, while still preserving privacy and reducing transaction friction.

With a wide variety of applications, DeFi can enable one to buy dollar-pegged assets using stablecoins on decentralized exchanges, move these assets to an equally decentralized lending platform to generate interest, then add the interest-bearing instruments to a liquidity pool or on-chain investment fund.

And all of that can be achieved (and more) without so much as even stepping onto the highly polished marble floor or your downtown bank.

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Article: Regulation, Moderation, and Social Media Decentralization

Decentralized Internet, Media, Web 3.0

Regulation, Moderation, and Social Media Decentralization

Enter the Decentralized Social Media (DSM) model, a polycentric model of online interaction recently proposed on Medium by Ross Ulbricht, the currently imprisoned founder of Silk Road, an infamous illicit online marketplace that jump-started the popularity of Bitcoin in the early 2000s.

To oversimplify, Ulbricht’s DSM model would remove those automatic and manual moderation tools from under the hood of a social media’s servers and place those same processes in the device of the social media user under the control of separate companies that stand to profit from providing moderation and aggregation services at the discretion of the device owner. Users could access any or all of the web’s available social media content feeds at once and only be fed content within their own acceptable parameters while retaining ownership of their user data. All of this would be done through the operant function of Bitcoin, the encrypted blockchain.

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Stephen E Arnold: Drone Allegedly Compromises a Tesla

IO Impotency

Drone Allegedly Compromises a Tesla
I read “Tesla Car Hacked Remotely from Drone via Zero click Exploit.” I am not certain about the reproducibility of this alleged hack. Nevertheless, it encapsulates the interesting security threats in today’s zippy zip environment. The write up states:

The attack, dubbed TBONE, involves exploitation of two vulnerabilities affecting ConnMan, an internet connection manager for embedded devices. An attacker can exploit these flaws to take full control of the infotainment system of a Tesla without any user interaction.

Here’s the method:

“Adding a privilege escalation exploit such as CVE-2021-3347 to TBONE would allow us [the researchers] to load new Wi-Fi firmware in the Tesla car, turning it into an access point which could be used to exploit other Tesla cars that come into the victim car’s proximity.

What about drone based attacks on a mobile phone?

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Article: A Beginner’s Guide to Decentralized Identity

Decentralized Internet, Web 3.0

A Beginner’s Guide to Decentralized Identity

Instead of a centralized issuer and storage, DID solutions spread out the issuance and storage of information that make up an identity across various entities.

This information could include a user’s height, weight, eye color, favorite Spotify playlists, and even social security number. Decentralized identity solutions are very comprehensive and sometimes offer incentives to attract new users, similar to how airline mile points can be earned for signing up for new credit cards.

Instead of storing your personal information on a single server, blockchain technology encrypts this data and spreads it across multiple nodes. Usually, this encryption comes in the form of a two-key password called a private and public key. The only way to access the personal information in question is by matching the two keys.

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Article: Enterprises increasingly relying on open source software

Innovation, Open Source, Software

Enterprises increasingly relying on open source software

Enterprises have a deep appreciation for the value of open source software with 100% of the information technology (IT) decision-makers in a recent survey saying that “using open source provides benefits for their organization.” The survey of 200 IT decision-makers was conducted by Vanson Bourne.

Over the past disruptive 12 months, use of open source software was reported as increasing by 79% of respondents.

Of the 200 respondents, 25% were from medium-size enterprises of 500-999 employees and 75% were from large enterprises with more than 1,000 employees. They came from a cross-section of industries and had knowledge of open source software.

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Article: What is Software-Defined Storage?

Hardware, Open Source, Software

What is Software-Defined Storage?

Depending on where you research, Software-Defined Storage, or SDS, will be described as a scalable solution that enables platforms to utilise open-source software and off-the-shelf hardware to create a storage solution that can save money and enable software systems to interact with storage intelligently. Now, for the real definition of SDS!

Software-Defined storage, simply put, is a storage solution that provides advanced storage mechanisms, but these mechanisms are defined in software. Another way to think of it is replacing drive controllers with software. For example, RAID controllers allow for drives to be used in different configurations, but an SDS would remove the RAID controller, and implement this function in software instead.

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Article: Why interoperable data will save time and money for ag

Data, Decentralized Internet, Innovation

Why interoperable data will save time and money for ag

A great example is email. The various email systems such as Gmail, Outlook, Hotmail etc., exchange emails efficiently because their industry has created interoperable data standards and open-source tools that they all utilize. They do not need to develop separate code for each different email system they are sending emails to. Imagine the cost and the lift if each company had to “invent” email every time they set out to make their solution.

The hand-me-down nature of data systems that have been adapted to our needs instead of designed for them is probably one of the major reasons we have not yet solved this puzzle. This is an exciting time for our industry, not just because we are likely on the cusp of many great new innovations, but because we have been invited to the table to represent fresh produce and floral in the earliest phases of development.

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Article: Is Blockchain the Future of Esports?

Blockchain, Digital Content, Innovation

Is Blockchain the Future of Esports?

Trust is a major issue in the online world. Cases of game developers who are never paid are common in the modern world. Blockchain provides the perfect platform where game developers can interact with their clients in real-time.

Smart contracts also come in handy when distributing prize money between the organizers and game developers. The transparency of the blockchain networks also makes players comfortable engaging in such tournaments as rigging cases are eliminated.

eSports and Blockchain seem like a match made in heaven. However, we are still to experience all the benefits that Blockchain can have on the eSports sector. Even though eSports is getting mainstream, we are yet to see the coverage that is supposed to get

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Article: Why Business Leaders Should Prepare For The Shift To Decentralization

Decentralized Internet, Web 3.0

Why Business Leaders Should Prepare For The Shift To Decentralization

I’m still amazed when I look at my own company. Although the pandemic forced our decentralization, we have the kind of culture that allows our employees to learn and understand what they need to do and we trust them to make the right decision. They quickly built a new set of processes, and we continued to make steady progress.

Done well, decentralization is a much more resilient, reliable and scalable system than a centralized system. Whether it’s at a country, community, major corporation or small business level, decentralization is coming. Those that prepare for and embrace it will be the winners in this next decade.

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Article: DLT Needs Market-Wide Data Standardization For Global Adoption – Wef

Blockchain, Decentralized Internet

DLT Needs Market-Wide Data Standardization For Global Adoption – Wef

Matthew Blake, head of the future of financial services at World Economic Forum, said: “Following several years of intense hype, examples of use cases where inefficiencies and challenges are being solved with blockchain are starting to emerge across capital markets. With the future for blockchain in financial services still being defined, a nuanced look at the opportunities this technology offers right now is particularly important for the financial services industry.”

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