Article: The centralised nature of our internet makes outages like Fastly’s inevitable

Cloud, Data, Decentralized Internet

The centralised nature of our internet makes outages like Fastly’s inevitable

While Fastly’s outage is a wake up call for its customers, who will be doing back-of-the-envelope calculations to work out their losses during the downtime, there’s no obvious solution, warns Kevin Curran, Professor of Cyber Security at Ulster University and senior member of technical professional organisation IEEE.

While Sir Tim is busy dedicating his time to building a newly-decentralised version of the internet via his web platform Solid, until the public grasps how important that data is and mounts a full backlash against the ways in which tech giants abuse it, the ways in which the internet operates is unlikely to change, Prof Curran adds. Hospitals and banks and airlines and power grids and other major infrastructure systems need to ensure they have sufficient extra security layers and protocols in place for when people make configuration changes and to crucially, to learn from their mistakes, he says. “At the end of the day, the five giants rule the internet. But the internet really can be brought down by one person making a mistake.”

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Article: The Node: Regulating Intermediaries in a DeFi World

Blockchain, Decentralized Internet, Governance, Money

The Node: Regulating Intermediaries in a DeFi World

The pace of innovation in crypto is difficult for regulators to keep up with, especially considering that, until now, there hasn’t been a proactive, cohesive, industry-wide attempt to manage the industry. Despite operating under a hodgepodge of rules, frameworks and recommendations, crypto has ballooned. And regulatory attention with it.

“The existing framework is simply inapplicable to a system predicated on the absence of intermediaries,” Director of the Blockchain Association Kristin Smith said in an interview following her Consensus 2021 appearance. This is an important point: Decentralized tools exist as the antithesis of a financial system where trusted custodians are needed to manage one’s money.

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 DeFi markets in Southeast Asia can drive financial inclusion

Blockchain, Decentralized Internet, Innovation, Money

How open DeFi markets in Southeast Asia can drive financial inclusion

Increasingly, with greater focus on the development and nurturing of the right skills and through enhanced exposure to technical mentorship, these same people are building the very frameworks necessary to create solutions and products for the population that are underserved and overlooked by legacy finance.

DeFi’s model of peer-to-peer engagement and inventiveness, has created a significant opportunity for the making of real-world solutions to the challenges that exist of giving people a proverbial “seat at the table.”

The possibilities for financial inclusion alongside the accretive upside that these types of businesses generate mean that throughout the ASEAN and Indian region entrepreneurs, technologists, investors and innovators are working side-by-side to create open markets that can truly help everybody.

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Article: After several false starts, Palo Alto renews push to expand fiber utility

Dark Fiber, Hardware

After several false starts, Palo Alto renews push to expand fiber utility

Palo Alto’s dream for expanding the dark fiber network to every corner of the city has been flickering on and off for years, with prior councils exploring different business models that relied, to various extents, on private sector partners and that invariably ended in disappointment.

The commission, for its part, made it clear that it wants the expansion of fiber to go well beyond municipal uses. It also agreed that unlike in the past, the city shouldn’t depend on private companies for help. Commissioner Greg Scharff, who as a two-time mayor is well acquainted with the council’s fruitless struggle to expand the fiber system, suggested that seeking out private partners (an option that was presented by Magellan) would likely be a waste of time.

Article: How Oxen Is Using Blockchain to Build a “Private Future for Internet”

Blockchain, Decentralized Internet, Software

How Oxen Is Using Blockchain to Build a “Private Future for Internet”

Oxen is essentially a developer platform for privacy tools. It offers a wide range of tools, libraries, and end-user products aimed at solving many of the challenging issues plaguing the digital security space.

The Oxen network is powered by the project’s homegrown blockchain, which also facilitates a parallel privacy-friendly cryptocurrency network that guarantees fast and anonymous transactions.

The Oxen Service Nodes, a distributed network of community-operated nodes, powers the platform’s native blockchain. These nodes are instrumental in ensuring that all features and services offered by the network operate smoothly round the clock.

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Article: Sharing is Caring: Creating Wealth Through Collaboration

Hardware, Open Source, Software

Sharing is Caring: Creating Wealth Through Collaboration

Advancements in technology and the very way we produce everyday items continues to build momentum and efficiency. Something that would’ve taken weeks and many man-hours to complete a century ago can now appear before the blink of an eye, and with the simple push of a button. 

What’s more, our knowledge base as a society has never been so easily accessible; or so widely shared. Joshua Pearce, an Engineering Professor at Michigan Tech University, is pioneering the availability of such knowledge. He shares instructions and blueprints for making things as complex as cars, security systems, and electricity, and as simple as toys, sporting goods, and clothes – free to anyone with internet access.

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Article: Cryptocurrency Advocates Receive Increasing Support

Crypto

Cryptocurrency Advocates Receive Increasing SupportCryptocurrency Advocates Receive Increasing Support

According to Coin Center executive director Jerry Brito, the group is saving money as a war chest. It anticipates needing the cash to fight a larger lobbying battle or file a lawsuit over the new regulations. Brito said:

“Our job is to say absolutely there is a real risk here and that we all need to work together, but don’t throw away the baby with the bathwater.”

Meanwhile, the crypto trade association Blockchain Association has seen its membership rise by 10 to 34 since December. The number of its employees has also doubled. Members of the association include Binance.US and Ripple Labs. They intend to make contributions to the association to help polish bitcoin’s image.

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Article: Bill Banning Social Media Censorship Killed in Committee

Censorship, Deplatforming, Media

Bill Banning Social Media Censorship Killed in Committee

The bill would prohibit interactive internet companies such as Twitter and Facebook from discriminating against a person who posted a message based on “viewpoint, race, religion, and location.” Any person who believes a company violated the rule could seek compensation of $50,000.

Sen. Cheri Steinmetz, R-Lingle, said because such companies hold what amounts to a monopoly over social media, they should be regulated to guarantee residents are treated fairly.

“When you have a company that is basically a monopoly … you can regulated them or go for an anti-trust remedy”, she said. “And it’s an obligation of the government to protect our citizens when a company gets too large and too monopolistic.”

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Article: Blockchain Could Stop Fake News in 2021 – Saxo Bank

Blockchain, Innovation

Blockchain Could Stop Fake News in 2021 – Saxo Bank

According to analysts at the Danish investment bank, new developments in the field of “deep learning” have led to the creation of realistic fake images and video clips.

“This falsified and manipulated content is conquering the internet at a rapid pace, blurring the lines between what seems real and what is not,” the analysts said.

Likewise, Saxo Bank emphasized the fact that large tech companies like Verizon and IBM are already working on technology to battle fake news with the help of blockchain.

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