Article: Hybrid smart contracts will replace the legal system

Blockchain, Governance, Innovation

Hybrid smart contracts will replace the legal system

Unlike traditional contracts, smart contracts are executed by the blockchain, which means that no external court system is required to execute the contract. Without an expensive court system, contracts would be cheaper, so more peer-to-peer transactions can be managed by contracts rather than trust.

Contracts between companies located in different countries are often challenging because of the high cost of navigating in different court systems, and often the judicial system of one country has limited powers over companies in other countries. Hybrid smart contracts do not have this weakness; they cannot see nationality at all.

Enforcement of traditional contracts through the courts is not only costly, but also brings uncertainty to the results. The lawyer will always have the opportunity to discover some mysterious loopholes buried in the basement of the haunted house, making the contract completely invalid. Even if the contract is impeccable, the contracting parties rely on the continued goodwill of the government to ensure that the contract is executed.

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Article: How blockchain benefits recruiters, job applicants

Blockchain, Innovation

How blockchain benefits recruiters, job applicants

For recruiters, the use of blockchain not only mitigates the risk of CV fraud, but it can also save considerable time when verifying candidate credentials such as work experience, job certifications skills or university degrees.

“It enables recruiters to make hiring decisions faster by being able to view all of a candidate’s verified credentials in one place,” said Andrew Cunsolo, senior director of product management for Jobvite. “It doesn’t eliminate the need for any background screening, but it does eliminate a lot of the time recruiters spend manually verifying candidate information.”

As nontraditional micro credentials for skill acquisition – badges, for example – have gained popularity with recruiters, blockchain also offers job applicants a way to store multiple credentials from securely in a digital ledger, or “wallet”. This gives applicants more control over their data and potential employers who can view their credentials, providing better data privacy.

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Article: RISC-V: Open-Source Alternative To ARM That Will Revolutionize The Processor Industry

Hardware, Open Source, Software

RISC-V: Open-Source Alternative To ARM That Will Revolutionize The Processor Industry

The open-source revolution made it possible for developers around the world to work together, creating new applications that are available to everyone. Today, we can find suitable or maybe better alternative open-source applications for every paid software.

So we only heard about the influence of the open-source community in the software sector. For obvious reasons — it is easier to develop software than hardware. However, there are also open-source projects associated with hardware, and one of the most promising is called RISC-V.

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Article: How the NFT Breathes New Life Into Branded Content Marketing

Crypto, Digital Content

How the NFT Breathes New Life Into Branded Content Marketing

The rise in NFTs has rekindled talks about developing a new media ownership model to make it more creator-centric. NFTs allow creators, be these brands or individual artists, to retain ownership of their content without restricting its distribution over the Internet.

As a result, NFTs can change the media ownership model by offering creators, their audiences, and blockchain developers a viable alternative to monetization.

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Article: Building the Edge with Community-powered Innovation

Cloud, Open Source, Software

Building the Edge with Community-powered Innovation

There was a time when large technology vendors and enterprises wouldn’t touch open source software with a 10-foot pole. But now most embrace it avidly. What’s more, it’s almost certain that open source will be at the forefront of edge computing’s evolution.

“We are now seeing open source as kind of a platform that more and more companies are joining,” says Ishu Verma, senior principal product marketing manager for emerging technologies with Red Hat. Of particular note with regard to open source edge, he adds, is the community participation of companies like Bosch, big industrial players with a history of proprietary approach to software. “Companies see that, first of all, the speed of innovation is faster and they can help contribute to this.”

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Article: How open source databases drive rapid innovation

Open Source, Software
How open source databases drive rapid innovation

In a Red Hat survey, 52% of Asia-Pacific (APAC) respondents said they use open source databases, highlighting the prominence of open source in the region. Unlike proprietary databases, open source databases enable developers to ‘fail fast’, a concept in DevOps and agile, whereby developers work with small increments of code that allow them to detect problems early and fix them while still in development. Open source databases enable developers to rapidly try new capabilities that speed innovation and improve the efficiency of their projects.

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Article: Blockchain to save retail after the pandemic

Blockchain, Innovation

Blockchain to save retail after the pandemic

Data authenticity is by all means one of the major factors that retail should sustain, and hence, data security is a prime focus here. Use of a single database storage or a third-party server often implies the risk of data loss or compromising as it conveys consumer banking and personal information. And here blockchain brings to the table its distributed ledger technology when all information is shared within the retailer’s authorized working stations. In blockchain, data can be programmed to be automatically verified for compliance; each important operation requires approval by all authorized participants. As a result, data cannot be changed or compromised, each action can be traced back to the origin, and information cannot be lost since it is duplicated on multiple machines.

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Article: How to Build Truly Decentralized Oracles, and Why We Need Them

Blockchain, Decentralized Internet

How to Build Truly Decentralized Oracles, and Why We Need Them

There is something good growing among us. In the coming years, it will remove a layer of intermediaries that controls our most precious assets, governs our access to our own data and charges us for the privilege in a variety of ways. This group of technologies will change the way we bank, transact, borrow and save. They will let us interact with each other directly and trustlessly. Collectively, these applications are known as decentralized finance, or DeFi. And if you haven’t heard of them yet, you will.

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Article: How NFTs, DeFi and Web 3.0 are intertwined

Blockchain, Crypto, Decentralized Internet, Web 3.0

How NFTs, DeFi and Web 3.0 are intertwinedHow NFTs, DeFi and Web 3.0 are intertwined

Explosive growth in asset tokenization and NFTs is fueling Web 3.0 growth, and testing DeFi resolve.

Web 3.0 promises to safeguard all things we value: information, truth and digital assets — both fungible and nonfungible. Whereas Web 2.0 was driven by the advent of social, mobile and the cloud, Web 3.0 is largely built on three new layers of technological innovation: edge computing, decentralized data networks and artificial intelligence.

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Article: Supreme Court Decision Affirms Open-Source’s Role in Modern Software Development

Open Source, Operating Systems, Software

Supreme Court Decision Affirms Open-Source’s Role in Modern Software Development

Open-source software developers make software available for free, hoping users will then pay for add-ons like enterprise-grade features or tech support. Programmers can modify, share or create new applications from the underlying source code without paying licensing fees. Android is an example of open-source software as are the Linux operating systems, the Firefox browser, the platform that supports digital currency Ether and the Python computer language.

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