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How Artificial Intelligence can solve big issues like Pandemic, Climate Change, Inequality

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The latest modifications in the technology industry are showcasing to be beneficial in almost every sector. More focus is now on Artificial Intelligence (AI) reducing the gap made by our predecessors in the pre-internet era. The gap which led to the various natural disasters, pandemics, and even inequalities from economic as well as providing opportunities to each person irrespective of their gender in private and public organizations.  Besides the common industries being in focus (financial services, medical and healthcare, logistics, etc), smart cities, smart homes, and transportation have started being the focal area. Interconnecting electronic devices with home appliances and driverless driving are two examples helping in increasing the curiosity across industries.

Constructing and Safeguarding Smart Cities from Natural
Disasters via AI.

In a way one could perceive implementing
artificial intelligence
and sister-like technologies on public infrastructure
like public transport cards, traffic lights being connected with road sensors. The
modification around traffic light infrastructure has been implemented in
Scotland’s Glasgow city. The Las Vegas health department in coordination with
Rochester university developed an application that assisted in filtering out
restaurants that were susceptible to inspections. AI-enabled computational
tools assist in safeguarding cyber-infrastructure that’s the core framework of
smart cities. Automated driving might seem fascinated at the face value (all
credit to Elon Musk’s Tesla cars), but is facing a couple of hurdles as it’s
still in the initial phase. There are three
phases for building smarter cities
. The first phase
focuses on planning. The second phase includes scrutinizing relevant articles. The
last phase or the third phase encompasses reporting and dissemination.
Employing such advanced technologies will help in saving electricity, water
wastage would be lowered, temperatures within the home would vary depending on the
outside environment. The fundamentals of constructing a home would be robust
that most natural disasters like earthquakes, cyclones, or the recent one
COVID-19 may be handled much better.

Almost all sensible, logical, and practical
technological experts agree that as artificial intelligence is in its initial
phase and there’s enormous scope for it in the future, one should take into
account a few pros and cons. It’s wise to hope for the best scenario but
simultaneously work for the worst scenario as well. The pre-requisites
for a responsible AI
should include resoluteness towards:

The incentives for developers, users, investors, and individuals who do the research and development must be such that they aspire to advance swiftly and morally as well. Another factor to be considered is by applying integrative research. Just like a piece of the song sounds best when each tone is played exactly at right time similarly, the benefit of artificial intelligence would be able to reach across the world when every industry fine-tunes with each other. A few potential hurdles to be alert from include validation and verification, the complexity of some AI models, user’s privacy and legitimacy, etc. Besides the mentioned hurdles, it better to alter algorithms consciously as more biases, behaviour manipulation, and social risks are cropping up frequently. This piece of research showcases a couple of factors that indicate the advantages and few loopholes as well in the technological platform present today. The six W’s bring out the crux about the myths and reality on the ground. Another crux which indicates the factors uniting all countries are the six E’s.

With the intermixing of globalization and
localization, one could look at the whole world as a big joint family. Partnering
and cooperating
have been seen in the past as well, like nations
coming together in the First and Second World War to fight against a common
enemy. Similarly, to make the planet blossom to its natural full potential,
firms and Governments of each nation need to come together and achieve this
common goal via AI. Almost every country has some unique value-add-on whether
be it in the Eastern part, or the Western part of the world. Working together
towards the same goal would surely make the future generations live a much
better life by inter-combining
the latest technological equipment’s in our daily lives

while keeping the utilization in moderation. Based on this
piece of research
, poverty would be almost extinct, no individual would
have to starve due to lack of food, the overall quality of education would
increase exponentially, the average life span of a human being may increase, sustainable
and eco-friendly cities and communities would be available, etc.

Alterations
in Human Rights and Equality via AI and sister-like innovations.

There has been a lot of discussions, debates, and some controversies as well regarding the
employability and human rights as to when the technology will get deployed 100%
on the round. The United States of America and China are the major hubs for
research around this particular area at the moment. The common issues which get
cropped up often include morality and ethics perspective. People who could be
said conservative tend to look AI with some hesitation to use it daily. But
those see themselves as republicans tend to use the technology without
hesitation.

With the Coronavirus pandemic spread across the world, nation leaders are facing
equality issues daily. Treating people who are under a specific age group and
neglecting those who might be susceptible to the virus is a harsh decision to
implement.

Seeing the issue from a technical and philosophical perspective, experts are finding it hard to conclude whether AI
and related technological platforms would enhance human life or make it worse. Some
clusters from a philosophical background generally think that robots and
machines would harm human society (as shown in the movie I, Robot (2004)). But
after a couple of researches, even technological experts are started to
showcase that if the algorithm is built with appropriate context/intent, the
robot or a machine would only aid a human being. The debate of
intermixing technology with humans in some perspective might go on for a little
while. But it would be ideal if the issue is resolved as quickly as possible
for the benefit of the present population on Earth

Source: https://www.primafelicitas.com/how-artificial-intelligence-can-solve-big-issues-like-pandemic-climate-change-inequality/?utm_source=rss&utm_medium=rss&utm_campaign=how-artificial-intelligence-can-solve-big-issues-like-pandemic-climate-change-inequality

Blockchain

Recently-appointed Blockchain Australia CEO elaborates on the future for blockchain

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Steve Vallas, who was appointed to the top spot this month, speaks about the importance of revamping the perception of blockchain, its utility in the post-pandemic world, and more

Blockchain Australia, the end to end Blockchain Consulting and Technology company, recently appointed Steve Vallas as their Chief Operating Officer (CEO). In an interview with Coin Telegraph, the newly-appointed CEO explained his vision for the future of Blockchain Australia and the future direction of the industry.

Vallas said that building up public confidence in blockchain and improving the image of the technology among businesses and governments across the world topped his to-do list.

Steve Vallas replaces Nick Giurietto, who led Blockchain Australia for the last five years in the top spot. Vallas, who is a qualified lawyer and blockchain technology strategist, has worked as an industry coach and mentor for multiple universities and accelerator programs.

He is also the founder of the Australian marketing firm Honey Digital. Vallas has previously been part of the advisory team for governments on blockchain technology.

His main focus will be in improving the confidence of key industry leaders on blockchain technology by presenting it as a stable and well-developed solution. “It comes down to people’s definition of blockchain. Their views were formed during the 2017 period where a lot of scams and [poorly planned] projects failed,” he stated.

Vallas elaborated that blockchain is often considered synonymous with cryptocurrencies, but the use of the technology across different sectors is difficult to explain. Even today, many don’t understand how blockchain can benefit the supply chain, retail or legal sectors.

The pandemic presents a unique opportunity for the blockchain sector and the industry must take full advantage of it, Vallas claimed. He said that, “it [COVID-19] has highlighted the flaws in current systems” and the need to keep systems running without the constant need for human intervention.

Disruption in supply chains over the past few months has led organisations to be open to unorthodox solutions. Blockchain Australia must seize the opportunity to contribute to a post-pandemic future, he added.

The Australian Ministry for Industry, Science, Energy, and Resources, formulated a national strategy for capturing the potential of blockchain engagement in businesses called the National Blockchain Roadmap, earlier this year.

Vallas said that he aims to bring industry leaders, government officials, and other relevant parties to the same page with the new initiative. He added that the National Blockchain Project is viewed as a clear indication that the government is willing to work with blockchain leaders to develop a sustainable plan.

Source: https://coinjournal.net/news/recently-appointed-blockchain-australia-ceo-elaborates-on-the-future-for-blockchain/

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HitHub Releases Global Blockchain Open-Source Node Program; IOST Is The First Partner

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The globally reputed coworking organization of autonomous developers, HitHub has proudly announced the addition of IOST as the first strategic partner of its highly anticipated project, the Global Blockchain Open-source Node Program. HitHub works as a popular decentralized incentive group for developers, which strives to cater to the prevailing limitations in the industry. The official Twitter post by the IOST team read:

As per the official blog post, HitHub’s newly launched initiative has been designed with an objective to strengthen the open-source ecosystem. It strives to present valuable and innovative solutions to the multiple challenges faced by the developer community regarding product security management, time value delivery, quick implementation, capability assessment, and proprietary validation, etc.

With aid from the IOST team, HitHub will migrate and copy codes, impose custodial scrutiny on HitHub along with necessary guidance in creating public chain networks using IOST’s technological expertise. The code custodial on HitHub will be stored and managed on decentralized frameworks like IPFS, unlike GitHub, which relies on centralization. The use of decentralized technology will offer enhanced security, transparency, and reliability to the portal users.

IOST is a renowned blockchain network that characterizes in maintaining scalability, decentralization, and security in a well-balanced manner. It will enrich the HitHub community with technical consulting, guidance, and support on various topics such as how to sustain scalability while restraining the wide gap caused by the censorship evasion. The participating teams will put in joint efforts to strengthen and redefine the IPFS decentralized storage mechanism, cross-chain proprietary verification, etc.

HitHub provides token incentives to the contributors who give in their inputs in the content making and overall technological advancement of the network. The usage of smart contracts and decentralized storage pedagogy like IPFS, HitHub strives to chalk out potent solutions for an enhanced code-custody module, copyright protection, and value bearer. It strives for the developer community’s upliftment by offering a revolutionary infrastructure to design a fair market of developers’ products. This lays the foundation of a transparent credit network for developers, which characterizes as a community of developers, by developers, and for developers. The developers can access Hit Network by downloading HitHub and connecting to back-up servers supported by the team. HitHub provides a web page platform HitHub to ease the HitHub protocol application process and offers cloud services to the users.

On the other hand, IOST’s Node Program is a popular staking program applauded by various blockchain research entities. It offers lucrative returns, easy usage, and low-risk factor.

Source: https://www.cryptonewsz.com/hithub-releases-global-blockchain-open-source-node-program/

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Bitcoin’s decoupling and reduced correlation enable small-cap asset rally

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The world of finance was shaken on March 12 when the markets started to realize the impact of COVID-19. Before the Black Swan event that engulfed most profits in the market, the cryptocurrency market had been rallying. Bitcoin, the largest digital asset that shares a strong correlation with most cryptocurrencies in the market. When the largest asset crashed, the plunge witnessed by other assets was also brutal. However, as the first half of 2020 ended with June, the dynamics in the market have flipped.

As Q1 painted a bloody picture across the crypto market, Q2 began with the excitement about the new developments and recovery set in the market. Up until May, the entire crypto market climbed steadily at a highly correlated growth rate. However, as May came to an end, only small-cap assets managed to keep up with the momentum. According to a report by Arcane, the small-cap assets rallied throughout Q2 and managed to gain 112%. Whereas the mid-cap assets maintained 50% growth, followed by Bitcoin at 44%, and lastly by other large-cap assets by 40%.

Q1 and Q2 brought different events in the market and the reaction from the market was at two extremes. As the first half culminated, the small-cap assets emerged winners with 141% growth, while mid-cap assets remained at 54%. The large-cap assets reported growth of just 29% and BTC could manage to report a growth of 27%.

The small-cap assets have managed to outperform not only Bitcoin but other indices too. This was due to the decoupling of small-cap assets from the rest of the market. The driving factors for coins like OmiseGo, Theta Token, and Icon were news about its development and even its listing on prominent exchanges. However, for the large-cap assets, the investors were too occupied by the imminent pressure in the bitcoin market.

The correlation between the small-cap assets and Bitcoin has also been weakening. Small-cap asset, OmiseGo’s [OMG] correlation with BTC peaked in May 2020 at 0.8895 and currently stands at 0.7256. Thus, the small-cap assets were rallying independent of the ups and downs in the bitcoin market.

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Source: https://eng.ambcrypto.com/bitcoins-decoupling-and-reduced-correlation-enable-small-cap-asset-rally

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