Article: IoT and Blockchain: The Future of Smart Cities

Blockchain, Cyber-Security, Hardware

IoT and Blockchain: The Future of Smart Cities

Existing smart city concepts include within themselves a variety of equipment with sensors for collecting data. This could be driverless transportation, drones for the delivery of goods, city cameras for monitoring, automated stoplights, and any other equipment for that matter. This makes the collection of personal data an inevitable fact, which is why it is necessary to prevent this data from being accessed by unwanted third parties.

The collection and storage of personal data create a risk for the personal lives of every human being. Developers of solutions for smart cities must provide a transparency policy for the exchange, confidentiality, and security of data for end-users.

This is exactly why blockchain technology opens up the possibility for all participants of such a process to collect and exchange their data with a high level of reliability and security without the involvement of a sole centralized administrator or intermediaries.

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Article: How blockchain empowers smart cities — and why interoperability matters

Blockchain, Governance, Innovation

How blockchain empowers smart cities — and why interoperability matters

Advanced technology including blockchain can play a key role in solving these societal issues and achieving efficient urban management. Blockchain enables network participants to exchange data with a high degree of reliability and transparency without the need for a centralized administrator. Cities have a variety of stakeholders and the exchange of data among stakeholders is essential for highly convenient urban services.

Smart cities can learn from a recently published framework for interoperability, which presents a three-layer model for blockchain use:

  • The business model layer
  • The platform layer
  • The infrastructure layer

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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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Article: Edge computing is now more relevant than ever

Cloud, Data, Software

Edge computing is now more relevant than ever

The necessity to deliver infrastructure, application, and data resources to edge locations will accelerate the deployment of new, cloud-centric edge and network solutions, maintains IDC. These will provide much quicker processing to satisfy increasing digitalisation efforts. Edge will also provide a critical building block for business resilience, providing all-important scalability, flexibility and agility.

Enterprises must build resilience and transform to survive and thrive in the digitally-powered world we now operate in. Edge offers up accelerated response times and a route to enhanced service quality and new business models. There has never been a better time to move to the edge.

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Article: Human Expression: Why It Should Be A Global Goal And How Crypto Can Help

Crypto, Decentralized Internet

Human Expression: Why It Should Be A Global Goal And How Crypto Can Help

The future of human expression will have a broader base of participation with sustainable careers for musicians, artists, authors, and activists. It will be more distributed, less curated and concentrated, more about artist and less about intermediaries. It will leverage crowdsourcing, collaboration and new modes of expression; it will swamp old power broker business models and copyright laws; it will build on tradition and conjure value from thin air.

Schools and colleges can help create this new flourishing of culture by integrating the expressive arts with emerging technology and new business models so that more young people graduate ready for sustainable arts impact.

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Article: Blockchain Technology and its Impact on Real Estate

Blockchain, Innovation

Blockchain Technology and its Impact on Real Estate

According to the survey of the World Economic Forum (WEF), it is estimated that by 2025 almost 10pc of the global GDP information will be secured on blockchain technology. Furthermore, it is being expected that the global market of blockchain technology will jump over $39bn by 2025. The real estate sector is also among the beneficiaries of blockchain technology and it is being transformed in a numerous manner.

  • Smart Contracts
  • Managing Land Records
  • Concept of Fractional Ownership
  • Increasing Liquidity
  • Blockchain and Smart Cities
  • Harbinger of Efficiency

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Article: ‘With DeFi, You Have Complete Access’ — The Week in Quotes

Crypto, Decentralized Internet, Money

‘With DeFi, You Have Complete Access’ — The Week in Quotes

Plenty of discussions this week occurred at the World Economic Forum. A key topic was decentralized finance (DeFi). Speaking at the “Behind the decentralized finance hype” panel, Rune Christensen of MakerDAO brought to light the future of DeFi and how it is growing rapidly.

Christensen explained how DeFi can be accessed by anyone:

“It doesn’t matter if you’re a hedge fund manager on Wall Street or if you’re one of the 1.7 billion people that don’t even have a bank account. With DeFi, you have complete access.”

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Article: What is the truth behind the decentralized finance hype?

Blockchain, Crypto, Decentralized Internet

What is the truth behind the decentralized finance hype?What is the truth behind the decentralized finance hype?

Despite still being in the early days of DeFi, Lithuanian policymakers are already creating a regulatory framework for this technology, Armonaitė said. “We are at the final stages of the establishment of the anti-money laundering competence center here in Lithuania.”

The Lithuanian government is hoping to facilitate better public and private cooperation and information sharing, as well as coordinate technology adoption and implementation. “Hopefully that kind of framework where governmental and private institutions come together and work together towards a better regulation [that] would enhance change and appreciate the creative destruction we are facing, rather than defending ourselves from it,” Armonaitė said.

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Article: DeFi needs regulatory clarity to interface with ‘real-world’ finance, experts say

Blockchain, Decentralized Internet

DeFi needs regulatory clarity to interface with 'real-world' finance, experts  sayDeFi needs regulatory clarity to interface with ‘real-world’ finance, experts say

DeFi regulations are increasingly becoming a topic of conversation among many stakeholders, with regulatory agencies reportedly looking toward policing the growing ecosystem.

Back in March, the Financial Action Task Force published an updated version of its draft guidelines for cryptos with significant implications for the DeFi space. The document likely signals the growing intent among regulators to implement Know Your Customer compliance protocols for DeFi platforms.

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Article: How blockchain technology’s landscape changed in the tumult of 2020

Blockchain, Crypto

Background set with mobile covid passport and businesswoman trip accessoriesHow blockchain technology’s landscape changed in the tumult of 2020

“There was tremendous growth in the crypto industry…” Warren said. “The re-emergence of things like collectibles, non-fungible tokens (NFTs) and decentralized finance. A lot of these things started to hit the market and I think that we saw their effect in ways that were profound.”

“I saw so many ways that blockchain technology, both our technology at SingularityNET and general-purpose blockchain technology developed by others, could really profoundly help with the Covid pandemic,” Goertzel said. He pointed to the adoption of blockchain-related technologies in healthcare and crisis management as two prominent examples.

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