Looking At The Numbers in COVID-19 – Machine Learning Times – machine learning & data science news – The Predictive Analytics Times

Like many of you, my focus during this crisis has been less on analytics and more about family, friends, etc. which on a more positive note seems to gain greater emphasis as we reassess our priorities. But the bombardment of news regarding this crisis certainly focuses on numbers in terms of providing a perspective of when this crisis might end. The discussion revolves around the so-called notion of flattening the curve and essentially looks at two key metrics: Number of positive COVID-19 cases Number of Deaths Given my other priorities, I have not really paid attention to these numbers being

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Looking At The Numbers in COVID-19 - Machine Learning Times - machine learning & data science news - The Predictive Analytics Times

Global Machine Learning as a Service Market Developments, Key Players, Trending Technologies and Forecast to 2026 Cole Reports – Cole of Duty

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Global Machine Learning as a Service Market Developments, Key Players, Trending Technologies and Forecast to 2026 Cole Reports - Cole of Duty

Open Resources to Become Knowledgeable in the Field of AI – ArchDaily

Open Resources to Become Knowledgeable in the Field of AI

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As Artificial Intelligence has become one of the most significant forces driving innovation and economic development, this societal transformation requires new knowledge and an additional set of skills. Just as knowing a BIM software has become a prerequisite for most architecture jobs, understanding or even knowing how to use AI-related tools would become a desirable asset, if not a requirement in the future. However, with a vast array of information available, how does one begin to venture into this topic? The following is a compilation of online resources, lectures, and courses, that could provide a better understanding of the field and how to incorporate it into the practice of architecture.

What does Artificial Intelligence represent, what is the difference between machine learning and deep learning? These notions might seem interchangeable and so navigating the topic could become confusing. Before diving into the actual list of resources, it is essential to have the proper use of the most common terms.

Artificial intelligence (AI) is a wide-ranging branch of computer science concerned with the development of systems able to perform tasks typically requiring human intelligence. The AI encountered in different applications today is Artificial Narrow Intelligence (ANI), or "weak AI", used on performing a specific task, within a limited context, following pre-programmed rules. Google search, personal assistants, image recognition software, all fall into this category. Artificial General Intelligence (AGI) or Strong AI is still the realm of science fiction, as it would entail the general intelligence of a human being, able to solve any problem.

Put simply, Machine Learning is a subfield of AI, which consists of feeding data to a computer and using statistics and trial and error to help the network learn how to get better at a task, without having been programmed explicitly for that task, thus eliminating the need for writing overwhelmingly extensive code. Machine learning allows computers to make connections, discover patterns and make predictions based on what they learned in the past. A great way of understanding how this works in practice is the visual introduction in machine learning, created by R2D3, which uses a hypothetical example to explain the machine learning process.

Deep learning is a type of machine learning that feeds the data through a neural network architecture inspired by the human way of processing information, known as Artificial Neural Networks (ANNs). An example of usage for machine learning and deep learning is Google Image search.

Generative Design is a buzzword that has penetrated the architecture field a while now (see Archdaily's coverage of the topic here), but can it be framed as Artificial Intelligence or is it just a problem solver engaging multiple variables? Generative design is an iterative and exploratory process, where the input consists of parameters such as spatial requirements, performance, material constraints, as well as design goals. The software explores all possible solutions. Whether it falls in the realm of AI or not depends on whether the software is capable of testing and learning from each iteration, thus "learning" to give optimized answers.

With the ambitious goal to educate 1 % of European citizens in the fundamentals of AI by 2021, Elements of AI, a series of online courses created by Reaktor and the University of Helsinki sets the foundation for understanding the field, explaining what AI is, what it can and can't do, and how to start employing AI methods. The course is free and available in multiple languages, the aim being to teach people from a variety of backgrounds on the basic concepts of artificial intelligence technology. With almost 400.000 students so far from over 170 countries, the course is indeed proving an accessible and engaging resource.

Another beginner course, Coursera's Introduction to Artificial Intelligence, is also a great place to start building up the foundation concepts of the field, and it also contains some hands-on exercises.

For a non-aficionado, navigating literature on the subject of AI can be daunting. Therefore this Machine Learning Glossary provided by Google is a fast and reliable way of checking the meaning of terms when facing specialized jargon. The concepts are explained in a clear, straightforward fashion, and the glossary is an information resource in itself.

Learning is always more successful with a hands-on approach, and you can get acquainted with AI tools without having to learn to code. Project Runway ML is a public beta software and a platform dedicated to creators of all kinds that allow them to use AI tools without necessitating coding experience. From object detection to generating images from sketches, or creating text descriptions for images, the platform is a fun way to explore some design applications of AI.

This discussion at Columbia GSAPP explores artificial intelligence in architecture through the lens of several research projects.

Harvard GSD's lecture presents how AI-based tools and computer simulations could support landscape architecture.

In this lecture at the Strelka Institute, sociologist and professor Benjamin Bratton talks about AI and shares the results of the research projects undertaken in collaboration with Google Research. Read more about Bratton's ideas concerning in this Archdaily interview.

In addition, you can now take a virtual tour of the AI & Architecture exhibition, which was scheduled to take place at the Pavillon de l'Arsenal in Paris, France, but closed down due to the COVID-19 crisis. The curators decided to offer to the public an immersive experience, by recreating the exhibit as a virtual tour. Featuring the opening conference, a timeline of AI development, examples of its application to architecture, the exhibition is very rich in information and indeed an immersive experience.

Going further would require maths, as well as computer science prior training. Still, there are plenty of online resources addressing a more knowledgeable audience.

Google's Machine Learning Crash Course does not require any prior knowledge in machine learning, but students should have some experience programming in Python. However, all the different topics have an Introduction page that can at least provide an idea about how the process works.

Another Machine Learning course, this time offered by Stanford University, focuses on gaining the practical know-how on the subject.

For those already skilled in computer science, there is also the Artificial Intelligence course available on MIT's Youtube channel.

For a more comprehensive picture of AI in architecture, see Archdaily's coverage of the topic here.

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Open Resources to Become Knowledgeable in the Field of AI - ArchDaily

Artificial Intelligence and Machine Learning in Big Data and IoT Market to Exhibit Impressive Growth by2020-2026 | Augury Systems, Baidu, C-B4, Comfy,…

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Artificial Intelligence and Machine Learning in Big Data and IoT Market to Exhibit Impressive Growth by2020-2026 | Augury Systems, Baidu, C-B4, Comfy,...

Tesla releases impressive videos of cars avoiding running over pedestrians – Electrek

Tesla has released a few impressive videos of its Autopilot-powered emergency braking feature helping to avoid running over inattentive pedestrians.

What might be even more impressive is that the automaker says that it sees those events happen every day.

Theres a lot of talk about Tesla Autopilot, but one of the least reported aspects of Teslas semi-autonomous driver-assist system is that it powers a series of safety features that Tesla includes for free in all cars.

One of those features is Emergency Automatic Braking.

We saw the Autopilot-powered safety feature stop for pedestrians in impressive tests by Euro NCAP last year, but now we see it perform in real-world scenarios and avoiding potentially really dangerous situations.

Tesla has now released some examples of its system braking just in time to save pedestrians.

The new videos were released by Andrej Karpathy, Teslas head of AI and computer vision, in a new presentation at the Scaled Machine Learning Conference.

It was held at the end of February, but a video of the presentation was just released (starting when he shows the videos):

In the three video examples, you can see pedestrians emerging from the sides, out of the field of view, and Teslas vehicles braking just in time.

Tesla is able to capture and save those videos, thanks to its integrated TeslaCam dashcam feature.

Karpathy says:

This car might not even have been on the Autopilot, but we continuously monitor the environment around us. We saw that there was a person in front and we slammed on the brake.

The engineer added that Tesla is seeing a lot of those events being prevented by its system:

We see a lot of these tens to hundreds of these per day where we are actually avoiding a collision and not all of them are true positive, but a good fraction of them are.

In the rest of the presentation, Karpathy explains how Tesla is applying machine learning to its system in order to improve it enough to lead to a fully self-driving system.

I think its important to bring attention to these examples considering if an accident happens on Autopilot, it gathers so much attention from the media.

Lets see how many of them run with this story.

But I get it. People love crashes a lot more than a near-miss.

On another note, I really like how Karpathy communicates Teslas self-driving effort. His presentations are always super clear and informative, even for people who are not super experienced in machine learning.

In order for TeslaCam and Sentry Mode to work on a Tesla, you need a few accessories. We recommendJedas Model 3 USB hub(now also available for Model Y) to be able to still use the other plugs and hide your Sentry Mode drive. For the drive, Im now usinga Samsung portable SSD, which you need to format, but it gives you a ton of capacity, and it can be easily hidden in the Jeda hub.

What do you think? Let us know in the comment section below.

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Tesla releases impressive videos of cars avoiding running over pedestrians - Electrek

Coronavirus Pandemic Exacerbating Global Threats to Press Freedom: Watchdog Group – Common Dreams

The coronavirus pandemic is worsening global threats to press freedom, watchdog group Reporters Without Borders said Tuesday as it released its latest annual Press Freedom Index.

"The public health crisis provides authoritarian governments with an opportunity to implement the notorious 'shock doctrine'to take advantage of the fact that politics are on hold, the public is stunned and protests are out of the question, in order to impose measures that would be impossible in normal times," Reporters Without Borders secretary-general Christophe Deloire said in a statement.

The 2020 global analysis from the group, known by its French acronym, RSF, put Norway at the top of the indexthe fourth year in a row it's had the honor of being named the most free country in the world for the press.

The United States ranked 45, an improvement from the 48th spot the country had on the 2019 index. But the U.S. still came in for criticism by RSF, with the group saying that in the Americas, the U.S. and Brazil "are becoming models of hostility towards the media."

"Press freedom in the United States continued to suffer during President Donald Trump's third year in office," said RSF, citing ongoing "[a]rrests, physical assaults, public denigration, and the harassment of journalists."

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Thanks to the Trump team, the "United States is no longer a champion of press freedom at home or abroad," RSF added. The index cites as examples the White House's curtailing of journalists' ability to question the administration, including by denying press access to specific journalists or outlets and the Justice Department's indictment of Wikileaks founder Julian Assange with 17 counts under the Espionage Act. If Assange is convicted, RSF said, it risks setting "a dangerous precedent for journalists who publish classified U.S. government information of public interest moving forward."

RSF pointed to five crisesgeopolitical, technological, democratic, trust, and economicthat stand to affect how press freedom fares in the next decade.

"The coronavirus pandemic illustrates the negative factors threatening the right to reliable information, and is itself an exacerbating factor," Deloire added in his statement.

"What will freedom of information, pluralism and reliability look like in 2030?" he said. "The answer to that question is being determined today.

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Coronavirus Pandemic Exacerbating Global Threats to Press Freedom: Watchdog Group - Common Dreams

Ethereum, Fabric, Corda, And Multichain. Only One Is Government Ready – New Report – Forbes

The Institute of Electrical and Electronics Engineers (IEEE) has co-published an assessment of how four blockchain platforms measure up against the rigorous security requirements of the U.S. Federal Government and according to the report, only one of the platforms has passed the test.

The Federal Government Has Stringent Rules Around Adoption Of New Technology

While the IEEE isnt a decision maker for what the federal government adopts, it can have a view on what it is likely to do by assessing blockchain providers against the governments own vetting rules that are used to guide federal adoption of technology.

The Federal Information Security Management Act of 2002 (FISMA) requires that all new federal IT programs and modernization efforts using blockchain meet National Institute of Standards and Technology (NIST) cryptographic standards. If the technology doesn't meet them, then the federal government cannot use the technology.

UNITED STATES - FEBRUARY 08: From left, Sens. Ben Cardin, D-Md., Barbara Mikulski, D-Md., and ... [+] Commerce Secretary Penny Pritzker attend a ribbon-cutting event for the newly expanded National Cybersecurity Center of Excellence (NCCoE) at the National Institutes of Standards and Technology (NIST) in Rockville, Md., February 08, 2016. (Photo By Tom Williams/CQ Roll Call)

However, the ramifications to blockchain adoption are far broader than just being confined to the government, as businesses tend to follow the governments adoption of certain technologies.

The reason why is because of the outsized role that the government plays in technology procurement. NIST is responsible for providing the Federal Information Processing Standards (FIPS) which are a series of documents which provide technology standards in the government. Because the government is such a large buyer of technology, these standards have become the general de-facto standard for computing more generally.

So if the government doesnt allow it, companies in other industries are also probably following the same rules and may also decide not to adopt the technology.

The study, co-published by the IEEE Computer And Reliability Societies, and authored by James P. Howard II from Johns Hopkins Applied Physics Laboratory and Maria E. Vachino from Easy Dynamics Corp. scanned the market for blockchain solutions then whittled them down to four platforms based on three criteria; (i) the device is supported by a single, business or consortium responsible for developing standards and guiding future work (ii) the system allows independent, private chains without limiting the application to a single global network (iii) the technique is well supported by developer libraries that allow software developers easy access to data and protocols of the blockchain system.

According to the report, the four platforms which fit the bill were Ethereum (implemented in a private configuration), Hyperledger Fabric, Corda, And Multichain. These were then evaluated against the NIST framework.

Of the four platforms, only R3 Corda was identified as meeting NIST standards and therefore being able to be implemented in federal government projects.

Corda passed as it uses SHA-256 for transaction sealing and SHA-256 is an acceptable hash algorithm according to NIST. Java has many implementations of SHA-256, and there are NIST approved libraries. Corda supports numerous digital signatures. RSA is supported with SHA-256 as the hashing algorithm. For ECC, P-256 is also supported with SHA-256 as the hashing algorithm. All of these have been validated by NIST.

Hyperledger Fabric, Ethereum and Multichain didn't fit the bill for a variety of reasons, either because the encryption standards used were not approved by NIST, or where they were, they were written in programing languages and libraries that NIST has not approved.

Hyperledger Fabric had NIST approved transaction sealing and digital signature cryptography but as it was implemented in go-lang which is a language implementation not approved by NIST it didnt pass.

Ethereum had more issues. Ethash, which is used for Proof of Work doesnt meet NIST requirements and the report saw that the move to Proof of Stake as being a moving target which was hard to evaluate. For digital signatures Ethereum uses the secp256k1 curve which has not been validated by NIST

Multichain came close. With a NIST approved cryptography for transaction sealing but support only for secp256k1.19 for digital signatures which has not been validated by NIST.

Comparison of four protocols

Cordas upper hand in government compliance is through a combination of using encryption protocols that are validated by NIST as well as through implementing them in a an established 25 year old language that NIST is familiar with - namely Java.

From Hyperledger Fabrics perspective, theres a good argument to be made that go-lang is a new, modern language that has been around for twelve fewer years than Java and Javas use is therefore more established so its only natural that NIST, representing the conservative nature of government (much of which still runs on tried-and-tested COBOL code from the 1970s) would focus on an established language.

Corda Holds The Lead, For Now At Least

All is not lost for Hyperledger Fabric as its entirely possible that we may see NIST spending the time in the future to validate encryption algorithms written in go-lang which may open up Hyperledger Fabric for use in the federal government. However, that is not something to take lightly as NIST has an extensive catalog of vulnerabilities associated with various languages and frameworks, with this level of attention to detail, approval is likely to be a rigorous and long endeavor.

Corda may be the winner but there is an important caveat - Corda meets NIST standards only if traditional java libraries are used. To understand this important nuance requires an appreciation of the fact that Corda is actually built using Kotlin, a relative to the Java language which is interoperable with Java.

So why was NIST not able to approve encryption code written a new language such as go-lang, yet a newer language like Kotlin was found to be acceptable?

The answer is NIST approval is only for encryption libraries written in Java which Kotlin, by being a close relative to Java is able to use. If users use Kotlin libraries for encryption, Corda may not pass the NIST test.

Luckily, unlike Hyperledger Fabric, Corda can have it both ways - the advantages of a powerful new language as well as the safety of an established one.

New Technology Frontiers

The IEEE report focuses on cryptography, yet thats not the full picture when it comes to security.

Two other security aspects of blockchains that have received increasingly more are formally verified smart contracts and Trusted Execution Environments (TEEs).

Smart contracts written in formally verified languages have the benefit that it is possible to calculate mathematically with 100% certainty what the result of a smart contract will provide for a given input.

This makes them more safe to use then their non-deterministic counterparts because there can be certainty around what they will do. Outside of blockchain, formally verified languages are commonly used for critical systems such as nuclear power plants. However, at the same time this style of programming language can impose restrictions on what blockchain can do that can make them unsuitable for certain types of work.

It will be interesting to see if NIST forms a view on formally verified languages in the next few years.

A Trusted Execution Environment, on the other hand, is a rapidly maturing security technology which provides a way for code to be run in a secure and confidential manner even if the computer that it is running on is not secure. It also provides a safe place for storing encryption keys and other sensitive data.

Its an area of the market which has seen big investments by chip manufacturers, cloud providers and blockchain application providers alike in the last few years. Intel INTC and AMD have created CPUs that support this type of computing, which is then offered through cloud vendors such as Microsoft MSFT Azure and IBM IBM s Data Cloud. Microsoft recently announced their Confidential Computing Framework that provides the building blocks for integrating blockchains that use confidential computing. R3 has also recently announced a beta program for its confidential computing initiative named conclave.

There still remains some controversy as to how secure these environments are as the CPU chip manufacturers hold part of the security puzzle and therefore require trust in the chipmaker.

Blockchain In The Federal Government Already

While the assessment from the IEEE may sound like a bit of a theoretical exercise, it is worth remembering that the U.S. federal government has already implemented blockchain and as such is a world leader in the space; the department of Health And Human services, a branch of the federal government, has received Authorization To Proceed with the use of a new procurement focused blockchain (HHS Accelerate) that aims to save the government over $30m in procurement costs over the next five years.

The federal government, it seems, is serious about blockchain.

Originally posted here:
Ethereum, Fabric, Corda, And Multichain. Only One Is Government Ready - New Report - Forbes

‘The forced remote working test will be a good experience for most organisations’ – Siliconrepublic.com

Netssos Brian ODoherty discusses online security, leading a remote team, and starting a business later in life.

Brian ODoherty is an economist and entrepreneur with more than 20 years experience in senior roles with Crs Trchtla (Irish Export Board), which later became part of Enterprise Ireland. There he worked as North American director, European director and assistant CEO.

ODoherty went on to run an economic development consulting company in Brussels, and was also director of a number of technology transfer and trading companies. He later moved into security software development and most recently established Netsso, a cloud-based web application designed to secure web activity through a central platform. He is based in Donegal, but his team works remotely.

Those of us with more years behind us should focus on taking advantage of the wisdom that comes with age BRIAN ODOHERTY

I am the founder and CEO of Netsso, a cloud-based web application that provides productivity and security for individuals and organisations. Netsso is a small team. We have three full-time staff, alongside three part-time, spread across three countries, each of whom are remote working.

Good management therefore requires personal, sensitive motivation and timely coordination to ensure that everyone is up to speed with everyone else. My background is in marketing while the rest of the team are specialists in programming, coding, cryptography, design and illustration.

Our own product, Netsso, is perfect for remotely conducting our team work. We are Netssos makers and testers every working minute of the day, something I oversee alongside the team.

At this stage in life, my work is devoted to enhancing my new product Netsso. We work on doing this remotely, across time zones, with one member of the team online between 7am and 11pm, seven days a week.

I prioritise the development of Netsso, and I rarely take a break; no more than a few hours on a Sunday morning. But, on the other hand, I dont always have to be in the office. I can receive questions, answer problems and enter discussions on any computer, anywhere.

Nowadays, I take winter holidays in the sun, but I make sure I contribute to the team for a few hours every day. Netsso has been quite a big project, but has reminded me that work-life balance is important as is doing something you are passionate about.

One of the biggest challenges is that our sector of the internet services market is extremely broad.So, how does a little Donegal start-up distinguish itself?

I think probably in our security. It is rather unique, and what makes Netsso a secure and valuable tool. We are lucky to have created a product that complements numerous online file storage services such as Dropbox etc.

Another major challenge is to find ways to store and distribute files securely, without losing data or information, and yet without having to manage complex security structures and defences.

Our solution is to encrypt the data itself, end-to-end, in a non-complex, nothing-to-download system, worked by simple clicks, after one SSO (single sign on) member password.

The Covid-19 pandemic has caused an astonishing surge of interest in remote working and, for that, the number one need is security, which is one of our major selling points. Of course the virus will be defeated eventually, and we can all go back to more normal working conditions. But I think remote working is here to stay, at least to a considerable extent.

I believe this is for two major reasons: todays forced test of the method will be a good experience for most organisations and individuals, and climate change requires us to disperse the working economy away from its high-density centralism of today so that we stop transporting tens of millions of workers billions of miles daily to and from congested cities.

In my early career in Crs Trchtla (CTT), I managed a few hundred executives dispersed across nearly 40 separate offices, many of whom were around the world but a few were at home too. We mainly provided one-on-one marketing and business planning services to up to 2,000 Irish companies annually.

In the second half of my working life, I have been involved in quite a lot of interesting new areas and activities, and one of these is cryptography. From that, I came into software using cryptography, an evolution which led over a few years into Netsso.

During my days in New York with CTT, my team was making major strides promoting Irish consumer products. I wrote up a proposal for a franchise chain of Irish shops across the country. Despite receiving a commitment for financing from an Irish investment company, I ended up dropping the idea and took my next promotion back in Dublin instead.

Thinking back, I wonder if this was a mistake. Im pretty sure the franchise would have been successful. Nonetheless, I cant say I regret my subsequent career, which was full of adventure, intellectual challenge and some satisfying success as a private entrepreneur.

The lesson of this? I think, probably, to take courage in your convictions. And certainly, dont look back to this day I cant say for sure if this was entirely a mistake or not, but I can say that theres no good in stewing over it.

I believe in them as we have a shared vision for Netsso. The guys I work with are all extremely talented and joined this enterprise purely because they believed in the concept.

We dont share office space, so communication and trust are both especially important for us. Were in a unique position whereby our remote work and collaboration take place via use of our own product, which is probably key to our efficiency and productivity.

Ive certainly witnessed the benefits of diversity in business. From the beginning of my career, Ive worked with a diverse range of people from all over the world. I was particularly fortunate in CTT, where approximately 50pc of those employed overseas were local men and women. CTT was notably one of the first Irish institutions to appoint female executives to managerial positions on the same salary and terms as males.

However, Ive also seen another side of it in tech where, for example, ageism prevails to a certain extent. Nonetheless, there are studies indicating that the average age of new start-up founders in the US is much closer to 40 than 20, while the average age of founders of successful start-ups is 45 all in all, not exactly kids out of college.

Such stats should encourage those of us with more years behind us to instead focus on taking advantage of the wisdom that comes with age. Well only benefit from a more diverse industry of people of all ages.

Ive never had a mentor per se, but I have been around the world a few times, worked in many countries, often travelled alone and always found people willing to help. In particular, I enjoyed living and working in the US, for eight years in total.

I found Americans to be the most friendly and hospitable, and often met business associates in the US who were valuable to my career development. They were always willing to provide information, advice, contacts and genuine help. One in particular who was pivotal was an immigrant from Derry named Jim McGilloway. He was the man who brought Toblerone to market and made Twinings Tea into a top brand. Thanks, Jim.

I read a lot on varying topics, but a couple of recent reads were great:

My freedom as a remote worker means Im not restricted by specific office hours or a commute, and Im lucky that I work from home with all the tools I need at my fingertips. The downside of remote working is I dont have the face-to-face reassurance that an office might offer, but the online tools we have help to bridge that gap for me.

Otherwise, what I find most useful for myself is my to-do list. A clear list keeps me grounded and helps me keep track of my priorities. I set myself a weekly list and find that its a great way of keeping the faith in myself, my work and my ambitions.

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'The forced remote working test will be a good experience for most organisations' - Siliconrepublic.com

OPINION: Blockchain and its impacts on everyday life – IOL

By Brenton Naicker 3h ago

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The time is 1999. Youre wondering whether you stockpiled enough canned food for the coming Y2K Armageddon, while a small bunch of investors and techies are busy ranting about 'inter-webby' jargon. Fast forward twenty years and the tech fad no one really understood has now permeated every facet of the way the world operates, doing so at a fundamental level.

As a result of this new technology, that most at the time disregarded, information became decentralized and democratized for the first time. News, video, ideas, pretty much anything can be instantly shared with anyone around the globe. This was the true overarching benefit the internet provided to mankind, making information freely and globally accessible and transferable.

Now, with the internet, we were no longer bound by geographical boundaries or information gatekeepers. Not even the visionary thinkers at the time would have been able to predict the effect it would have on the world. In todays era, the largest taxi company owns no cars, the largest accommodation platform owns no property, and the largest video streaming platform doesnt produce any content. All of this made possible by a new technology.

We can talk to family members across the world as easily as if they were in the next room, stream a live lecture from Harvard University from an internet caf in a small city in Delhi, or share our thoughts and ideas with a global community in real-time. The same freedom the internet has brought to information, Blockchain promises to bring to value.

Blockchain allows for transfers in value without any intermediaries or trusted parties (third parties or counterparties). However, value transferred using blockchains prevents the problem of fraud (double spending), as well as being verified and stored by multiple segregated databases around the world. This is all achieved using mathematics, cryptography and game theory, the mechanics of which are beyond the scope of this article, but remember, we dont know the technicalities behind the internet or emails, but we use them daily dont we?

VALUE TRANSFER

To highlight the extreme potential this technology has to revolutionize value transfer, lets look at an empirical example:

The average remittances cost of sending money into Sub-Saharan Africa currently sits well over 9% and takes multiple days to complete. This isnt quite intuitive if we think about whats happening. Think about it? Nobody is physically taking your money, jumping on a plane and depositing it into a bank in Sub-Saharan Africa. All that is happening is someone changing digital balances and performing a number of checks and balances. So why then the massive time delay and exorbitant costs?

Now, lets compare this with an actual cross border value transaction that occurred using one of Blockchains' most popular assets, Litecoin. On April 19th, 2018, $99 Million (R 1 518 521 400.00) was transferred between wallets in a single transaction. The wow factor you may ask? The transaction took only 2,5 minutes to complete and the cost of the entire transaction racked up at an unbelievable $0.40 (R6,14). The very notion of this being possible threatens the entire business model of behemoths such as MoneyGram and Western Union.

Now, lets expand these capabilities to everyday activities. This essentially means sending money anywhere in the world could very soon be almost free and near to instant. It also makes things such as micropayments possible. For example, you can now pay a writer half a cent for every person who reads their work, irrespective of where they are and who they bank with. You could send money to your son studying in China at 3 am and he would be able to spend those funds within minutes. The true possibilities are limitless and have most likely yet to even be conceived.

Lets go back at the internet example, when we first started accepting and using it, for emails and to visit websites, nobody would have been able to predict one day, in the relatively near future, that we would be able to hold up a piece of glass and metal in the palm of our hands and be able to see and speak to family and friends anywhere in the world, in real-time. The potential of blockchain to completely revolutionize the way we store and transact value should be evident by now, and I for one am very excited for the future of this nascent technology.

Brenton Naicker is the co-founder of Chainlink Capital, a crypto asset and blockchain technology consultancy.

PERSONAL FINANCE

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OPINION: Blockchain and its impacts on everyday life - IOL

Encrypting police and fire radios is on the agenda – My Columbia Basin

PENDLETON The Pendleton City Council meets at 7 p.m. Tuesday via Zoom. Topping the agenda is a request by Fire Chief Jim Critchley and Police Chief Stuart Roberts that their radio channels be encrypted.

Roberts said that the move toward encryption is recommended by a national study and is being considered by all first responder areas within the Umatilla-Morrow Radio District. He cited the growing emphasis on individual privacy rights and the tendency of the public to show up at active crime scenes, endangering their own safety, as some of the reasons behind the recommendation. Roberts also said many criminals carry hand-held scanners with them so they can know where police are.

Im not overly concerned about encryption on what we would categorize as our main channel, Roberts said. Some of my peers feel very strongly the other way.

Those peers have told Roberts they believe encryption should be all or nothing. He says he believes it is obvious why its important to have encryption on the tactical channels that are used by the Blue Mountain Enforcement Narcotics team and SWAT.

Our need to maintain encryption on tactical channels far exceeds, at least in my analysis, the need for the public to be able to essentially monitor the radio traffic, he said.

Also on the council agenda is a $595,595 bid from Central Washington Asphalt, Inc. of Moses Lake to perform the overlays and road reconstructions throughout Pendleton this summer.

The Pendleton Development Commission will meet one hour prior to the council meeting.

ZOOM ACCESS INSTRUCTIONS

You can attend this meeting at the Council Chambers at Pendleton City Hall, 500 SW Dorion Ave., or you can access the meeting via Zoom by following these instructions.

Meeting ID: 955 4604 3802

Internet Browser Connection:

(From aninternet browseron yourcomputer, smart phone or tablet,click on this link to join the meeting. By connecting via a web browser you will have both an audio and a video connection if your connecting device has both audio and video transmission capabilities. If you use a computer without a camera or microphone you will not be able to be seen or to be heard.) Click here:

https://zoom.us/j/95546043802

Phone Connection:

On a smart or landline phone, dial one of these phone numbers to be connected to the meeting.(You will have an audio connection via your phone.You will not have a video connection.)

then input the Meeting ID, 955 4604 3802 when instructed to do so.You do not need a password.

Dial one of these numbers:

+1 669 900 9128 US

+1 301 715 8592 US

+1 253 215 8782 US

Meeting ID: 955 4604 3802

You can leave the meeting at any time by hanging up.

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Encrypting police and fire radios is on the agenda - My Columbia Basin