A blockchain database is typically decentralized, meaning that it is collectively controlled by its participants rather than a single person or entity. This could facilitate a truly decentralized peer-to-peer energy system. Additionally, the information stored in blockchains is unchangeable, and the identity of participants is ensured through a unique identifier. This solves the issue of record keeping and tracking. It also offers additional possibilities in distributed energy management like the issuing of carbon tokens to offset an individual’s carbon footprint.
Having premised so much of financial markets regulation on the presumption of intermediation, it may be useful to consider the need for new rules and formal amendments aimed at achieving the longstanding regulatory goals of promoting investor protection, facilitating capital formation by establishing fair and orderly markets, and mitigating risks that disrupt and destabilize markets.
Blockchain has been receiving considerable attention from a score of industries and audiences due to its promises of immutable, decentralized, and verifiable data management. Despite these characteristics offering a substantial draw for both academia and other industries, it is the social benefits of a trustless system enabling seamless peer-to-peer interaction within a decentralized network, that academic institutions have latched onto. Is there a need for blockchain adoption within universities?
Power Ledger, an Australia-based startup, is combining two innovative technologies – blockchain and solar power – to transform global energy markets and ultimately power the world through renewables. The company’s blockchain-enabled technology promotes peer-to-peer (P2P) solar energy trading, allowing consumers to sell their excess electricity to other residential and commercial users. The software is currently in use in a number of countries including Japan, India, the US, and Australia.
Insider spoke with cofounder and chairman Dr. Jemma Green to understand more about how Power Ledger works and its hopes for a decentralized and democratized energy future.
Blockchain in particular, with its notion of a distributed ledger, allows a level of interoperability that doesn’t yet exist in any wide-scale form. Interoperability – the ability for disparate electronic health records systems to communicate with one another – has long been seen as a holy grail in healthcare.
Realizing that goal will bring a heightened level of efficiency to the system, from payment mechanisms to the ability of patients to get data and services in real time.
With the ever-growing popularity and advantages of cloud and containers, organizations are increasingly adopting cloud-native applications and container-based infrastructure for running their business applications. To efficiently manage cloud infrastructure, networking tools play an important role. Having the right set of networking tools can help the network admin manage and operate the cloud-native apps. Here are some open-source networking projects network administrators can use for their cloud-native worlds:
- Project Calico
Most importantly, as with any new emerging technology-enabled business model, companies should pilot NFTs with cryptocurrency and blockchain. Start with creating a digital wallet and fill it with some Ether, the cryptocurrency that many NFT marketplaces use (because they use the Ethereum blockchain). There are a number of sites that sell cryptocurrency, including Ether. Some of the more popular sites are Coinbase and now PayPal. Once a company has purchased some Ether they can proceed to OpenSea (or other NFT marketplaces, like Rarible or SuperRare), which is where lots of digital things are for sale. Companies can buy some things on OpenSea (with their Ether) – and then sell them – all in the spirit of learning how it all works. They can then browse their own portfolios for something to sell, or consider creating something they can sell.
NFTs’ astronomic rise was the culmination of the initial innovation in 2017, the steadily established infrastructure of exchanges & wallets, and macro tailwinds.
It’s the last bucket of macro tailwinds that ultimately led me to become super bullish on the future of NFTs.
I firmly believe two trends will shape the world in the next 10–15 years:
- The Metaverse, and its proliferation on all aspects of society
- Web3 and the democratization of the Internet
And the arrival of both trends will firmly rely on the technology of NFTs in order to be successful.
NFTs – which are essentially a tool that uses blockchain technology to provide proof of ownership of a digital asset such as an image, audio clip or a tweet – are currently a fringe item used primarily by tech enthusiasts and artists, but experts say potential uses for the tokens are nearly limitless, including the proof of ownership of assets such as cars, real estate or just about anything of value.
A non-fungible token is certified on the blockchain (the same technology that ensures the security of cryptocurrencies like Bitcoin), and whoever owns the NFT is deemed the original owner of the asset.
Irrespective of the outcome of this incident, scores of individuals as well as organisations are of the view that there needs to be proper guidelines and regulations when artificial intelligence is concerned. The Internet Freedom Foundation, while voicing its support for the Uber driver, said: “Gig workers provide a wide range of services and make lives easier for lakhs of Indians. They are increasingly at the mercy of AI-based tools that may result in harms. We need institutional safeguards and remedies.”