Digital Assets To Take Over the World — Blockchain and Crypto To Stir The Fourth Industrial…

Economists, a few years back, have predicted the third industrial revolution. Turns out to be true however the wave of the next revolution had already hit us. Artificial intelligence, IoTs, AR, VR and every other thing that is technically sophisticated but meant to make human lives easier is part of the fourth Industrial revolution.
While the mainstream groups were busy what was in front of their eyes that they could not foresee the biggest contenders that would take the world by storm. Cryptocurrency i.e. Bitcoin, in particular, had already proved its mettle although it was bit shaky and unregulated, it still was a glimpse in the future. Blockchain followed the same track and in 2017 became the most talked about topic.
Many would still argue the applicability of Blockchain on a global level, they cannot ignore the paradigm shift felt throughout the world. In 2018 alone over $2.1 billion were spent on blockchain implementation globally. The effect increased investment in ICOs by 16 folds and more than a dozen countries are officially developing their own cryptocurrency.
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All that blockchain and crypto hype are the indication of something more revolutionary than just the industrial revolution. We are looking at a future where physical assets will be ravages of time and digital assets will sail into the new world.

Understanding Digital Assets

Anything that exists in binary format with the usage right is digital asset . The concept exists at a minuscule level at the moment but there are startups already that allow you to convert your property or cash into digital assets and trade with the cryptocurrency. This tokenization is expected to become a trend anytime soon.
There are all sorts of digital assets such as utility tokens or appcoins which provide company access to their products and services. Not designed as an investment, though these blockchain assets are programmable. Then there is security tokens, hybrid tokens, crypto commodities and much more.
Why Blockchain is associated with Industrial Revolution
The main objective behind this concept is decentralization and blockchain is the key. If blockchain technology is adopted increasingly, this will result in the rising value of cryptocurrencies. The fact more firms are opting towards a more decentralized means of operation is not new. Based on the same fact, WEF predicts that over $3.1 billion of value will be passing through blockchain technology by 2030.
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According to a study by Kintaro capital, a venture of the Konfidio blockchain studio led by Dr. Mervyn G. Maistry, when the next recession hits, Digital Assets will safeguard investments. At present, the economies are too much under debt and are pretty much unstable all pointing towards a financial system that is failing.
The crypto market isn’t shining either at the moment. We’re currently in the longest bear market in the history of cryptocurrencies. It is not hidden either that crypto assets are currently experiencing a period of suppression. A general lack of understanding and knowledge of the long term applications of blockchain and crypto is one cause. That said, as more people are turning pessimistic causing a buoyancy in the market, investors are seeing this as an excellent buying opportunity. Smart money is buying now to make the most of the low prices, therefore giving investors confidence in the future of the cryptomarket.
A track record of vaporwave and untrustworthy ICOs in the scene have also dampened expectations. Looking towards the future, however, we see a greater understanding of this new digital assets class and true adoption by enterprises and investors as big players make way for both the blockchain and crypto.
Let us not ignore the safety facet. With blockchain in action, personal sensitive data can be kept anonymous and immutable. Blockchain can represent anything cryptographically; be it artwork, real estate or diamonds and move it through a peer to peer network. Since the term is decentralized, there is no central authority like bank or IRS monitoring the trade or sale.
The number of blockchain wallet users is exponentially rising touching the 32 million mark by the end of December 2018. It is being speculated that the growth of Blockchain adoption is similar and comparable to the internet users.
Internet User Growth and Crypto User Growth comparison
Image Source: (Number of Blockchain wallet users)
The possibilities are endless, from automatic driverless cars to automation in cryptocurrency payments, a new governing system to oversee the purchase of assets to tax compliance. Its application in the health industry, from complete transparency and automation between a patient and hospital to doctor-patient.
You don’t have to look for trustworthy Forex brokers in Indonesia or Thailand or America or Japan to maintain your investment portfolio, you don’t have to worry about your account hijacking or the application vendor disappearing. Transacting through blockchain is easy and it’s reliable.
Blockchain and IoT
The dawn of the Internet of things is shaping transportation, home automation, manufacturing , and distribution. And it’s only improving by the time, all thanks to nosy blockchain that has given birth to IOTA, which is designed specifically for the safe data transfer among the connected devices. Startups are focusing more on IoTs and blockchain to implement a better communication channel in the business models.
Blockchain and Contact Centers
One of biggest impact of blockchain will be seen in customer experience sector. Most call centers nowadays are independently operated or can be networked with additional centers at different locations. In this case, they are most likely connected to a corporate computer network, which includes mainframes, microcomputers, and Local Area Networks or LANs for short. More and more the data and voice pathways into the center are linked through a set of new technologies known as “computer telephony integration.” But this was chaotic and was causing ambiguity and misinformation. In a survey, it was found out that 80% Americans believe that corporate bodies lie and misinterpret facts about their products and services and to be honest, the fact is not hidden from anyone.
The Fast uprising of IP PBX Systems changed the way call center interact and blockchain will one help make that interaction transparent. It enables P2P transactions, communication in this case, and there is no need of third party. Brands will be able to represent themselves by themselves, minimizing any chance of semantic noise. The trust and transparency introduced by blockchain in contact centers has the potential of reshaping customer experience.
What Reflects the Connection of Blockchain and Fourth Industrial Revolution?
Obviously, you cannot make baseless claims boasting Blockchain but when you see Fortune 500 hundred companies like Walmart, FedEx, MAERSK, United Parcel Service, American Express and similar other hundreds of companies experimenting the vertical of Blockchain, it says something.
It is not just the fortune 500 companies, major banks are jumping the bandwagon as well. Fintech’s R3 and 22 world’s biggest banks have developed an international payment system taking blockchain fundamentals.
Cryptocurrency is playing and will be playing a major role. Since the fourth industrial revolution is all about digitalization, it might not be an exaggeration to presume cryptos at the heart of the world economy and might replace the traditional currency.
For now, the innovation is still young and indeed requires a great deal of research before making it solid to replace everything. What’s interesting is how the countries are going to react and will they regulate the upcoming revolution?

This content was originally published here.

AI/DC: Artificial Intelligence Writes an AC/DC Song | MetalSucks

We still don’t know when we’ll get to hear actual new AC/DC, but in the meantime, this actually kinda-sorta suffices: a YouTuber known as Funk Turkey put all of the legendary Australian band’s lyrics into the program, hit the “Generate” button, recorded the results whilst doing his finest impression of Angus Young, Brian Johnson and company. The resulting song, “Great Balls,” is about as accurate a parody of AC/DC as you’re likely to ever hear. And even if you don’t agree with that assessment, well… the lyrics are pretty goddamn funny.

Check out the track below:

This content was originally published here.

Prime Minister Justin Trudeau to speak at fundraiser in P.E.I. | CTV News Atlantic

Prime Minister Justin Trudeau is warning that some politicians will try to sow division and fear among voters to win the federal election slated for this fall.
“And that’s why, as a party in 2015 and again in 2019, we are going to pick the other path — given people’s worries and anxieties — which is allaying those fears,” Trudeau told supporters at a fundraising event Monday in Charlottetown.
The prime minister also said his government is planning for the future of work in Canada by investing heavily in artificial intelligence and robotics.
“We’re going to make sure we’re investing in skills, in jobs, in training, in education, in research right across the country so that Canadians can be empowered by the changes we’re going through.”
Trudeau and Veterans Affairs Minister Lawrence MacAulay later met with P.E.I. Premier Wade MacLauchlan.
Heading into the meeting, MacLauchlan noted the announcement last week by the Conference Board of Canada that P.E.I. is expected to lead the country with 3.2 per cent growth this year.
Later in the day, the prime minister announced his Liberal government will spend $37.5 million to help a pharmaceutical company expand in Atlantic Canada.
Trudeau made the announcement at BioVectra Inc. in Charlottetown, which plans to spend $144 million over five years to expand its operations in Charlottetown and Windsor, N.S.
Trudeau issued a statement saying BioVectra is a leader in producing life-saving treatments for serious illnesses that affect millions of people around the world.
The project is expected to create 150 full-time jobs over five years in P.E.I. and Nova Scotia.
BioVectra President Oliver Technow said the company has spent $25 million per year since 2015 to expand the business.
The company’s clients include most of the world’s top 20 biopharmaceutical companies, he said in a statement.

This content was originally published here.

IBM wants to make computers fluent in human – CNN

“Everything that happens in a business is based on communication between employees, business partners, customers, and communication takes the form of emails, chats, text, documents,” Rob Thomas, general manager of IBM Data and AI, told CNN Business. “Some of the best data a company has is codified in all that language, all those communications.”
Around 48% of global chief investment officers will be looking to deploy AI systems in their companies this year, according to a 2019 survey by research firm Gartner. A January IBM survey of 4,500 “technology decision makers” within companies around the world similarly found that 45% of companies with more than 1,000 employees have adopted AI.
One major improvement over existing AI systems is the system’s ability to do “sentiment analysis” — to look at what someone is saying or has written and understand what they are really trying to communicate and what the context is. For example, it could now comprehend that someone saying they have “cold feet” means that they’re apprehensive, not that their limbs are chilly.
“A lot of how we talk and interact, certainly in customer support, is using a lot of idioms or terms that are specific to an industry,” Thomas said.
When that capability is plugged into an existing IBM AI tool called Watson Discovery, it can also make it easier for companies to dig through and glean insights from troves of documents and other written communications.
The system is better able to understand the central themes or important points in documents and classify them into more specific categories, so they’re more useful. It can also generate succinct summaries from mass amounts of data. The tool can also tell when two documents are making essentially the same point with different words.
“If Watson is going through a million documents, it can identify: What’s the information that’s most relevant given the problem that’s trying to be solved?” Thomas said.
This could come in handy, for instance, when a company is fielding customer service requests and needs to direct them to different places so they can be properly handled. It could also be used by a law firm to sort through documents and come to conclusions about them for discovery in a legal case — what would normally take a lawyer days or weeks, would take the machine a matter of minutes.
One of the major concerns about the field of artificial intelligence is that in some cases, such systems have been found to exhibit bias against certain groups of people, including people of color.
Thomas stressed that trust is essential for businesses that use AI, as well as their customers. He said IBM has a tool called Watson OpenScale that, among other capabilities, can do bias detection and mitigation of companies’ AI tools.
“Trust is essential — being able to use AI that you can explain, that’s free from bias, that’s trusted,” Thomas said.
And while artificial intelligence systems may change the way people work, they’re unlikely to negate the need for human workers. Instead, Thomas said, the tools could make people more effective at their jobs.
“Maybe the problem is too hard for the AI to solve, but if you pair this tech with (a human worker), their ability and speed to find the solution goes up rapidly,” he said.

This content was originally published here.

Marketers Need Artificial Intelligence to Reach the Segment of One

Radoslaw Dobrolecki, US business development director at RTB House, discusses how artificial intelligence can help predict customer behavior at scale.

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Hero MotoCorp: Covid-19: Hero MotoCorp advances monthly payments to contract workers, Auto News, ET Auto

Pawan Munjal, Chairma, Hero MotoCorp
Pawan Munjal, Chairma, Hero MotoCorp

New Delhi: World’s largest two-wheeler manufacturer, Hero MotoCorp today announced advanced monthly payments to the contract workers on March 23, 2020, a week ahead of the usual month-end deadline.

According to the automaker, Chairman Pawan Munjal has made the commitment to ensure that the company employees and their jobs remain protected amidst the unprecedented situation and its financial implications.

“Since the situation is very rapidly evolving, we will keep reviewing the available options and take measures as deemed appropriate at specific times, keeping in mind the overall welfare of our employees,” the company statement added.

The two-wheeler manufacturer on Sunday halted operations at all its global manufacturing facilities – including in India, Columbia and Bangladesh with immediate effect until March 31, 2020, including the Global Parts Centre (GPC) in Neemrana.

A task force team has been set up under Pawan Munjal for constantly monitoring the developments through regular video conferencing and tele-meetings to ensure that safety and business continuity plans are up-to-date and effective, Hero MotoCorp informed.

In an earlier statement on March 18, the company informed that an Artificial Intelligence (AI)-enabled ChatBot has also been launched to address queries from employees on the various aspects of the COVID-19, in order to prevent the spread of any false information.

Globally, the deadly virus has impacted 350,514 cases, causing 15,317 deaths with close to 415 confirmed patients in India, so far.

A task force team has been set up under Pawan Munjal for constantly monitoring the developments through regular video conferencing and tele-meetings to ensure that safety and business continuity plans are up-to-date and effective, Hero MotoCorp informed.

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What is the Fourth Industrial Revolution Davos 2019

Everything you need to know about the Fourth Industrial Revolution
The Fourth Industrial Revolution will take center stage at the World Economic Forum’s (WEF) annual meeting next week in Davos, Switzerland. It’s a term used by CEOs, policymakers and industry to describe technologies like artificial intelligence, quantum computing, 3D printing and the internet of things. Some companies and governments are struggling to keep up with the Fourth Industrial Revolution.
Elizabeth Schulze | @eschulze9 Published 1:17 AM ET Thu, 17 Jan 2019 Updated 3:39 PM ET Tue, 22 Jan 2019

This content was originally published here.

Technology-driven client engagement a focus for firms | Money Management

Four in five advice firms are likely to invest more in client engagement AdviceTech this financial year than in the previous one, as well as almost half planning to adopt scaled advice tools in the next 24 months.

Close to one in four businesses already use scaled advice technology, an increase of just 13.1 per cent in 2018, and more advice practices are using social media, SMS, video conferencing and chat bots to engage with clients.

These were the results of Netwealth’s third AdviceTech research report, which also found that more than half of advisers believed that client communications and engagement processes will be the area of advice most impacted by AdviceTech in the next five years.

“With tech companies such as Netflix and Amazon revolutionising the customer experience, it’s no surprise that advice firms are also capitalising on technology to keep up with these changing expectations,” Netwealth’s joint managing director, Matt Heine, said on the findings.

“Artificial intelligence, RegTech and Robo-advice are all expected to be important technologies to help drive this. They will underpin how the industry evolves.”

Heine also noted that the move towards scaled advice was part of the shift in customer experience expectations, as consumers want a more personalised service offering.

The survey was based on an examination of the technology usage and trends of over 330 financial advice firms.

This content was originally published here.

Insights from Stack Overflow’s 2018 survey of 100,000 developers

This week Stack Overflow released the results of their annual developer survey.
This year, they had more than 100,000 respondents, making this the world’s largest developer survey.
I’ve read through the results of the Stack Overflow survey and compiled the most interesting results right here in this article. (Just like I did in 2016 and 2017 .)
So without further ado, here’s a lightning-fast snapshot of what the software development profession looks like in 2018.

The software development field is dominated by passionate newbies

Most professional developers are relatively new to coding. 55% have been coding for less than 8 years, and a 1/3 have been coding for less than 5 years.

And most developers have less than 5 years of professional experience coding.

Nearly half of all professional developers also contribute to open source.

And almost all professional developers enjoy coding as a hobby as well.

A quarter of all professional developers don’t have a bachelor’s degree.

And of the professional developers who have a bachelor’s degree, 1 in 3 have a major unrelated to computer science or software engineering.

Virtually all professional developers learn new skills informally — most commonly through online courses and teaching themselves using the documentation.

About 1/4 of developers participate in hackathons — mainly because they’re fun.

Many developers attend coding bootcamps AFTER they already have a full time job, for the purpose of expanding their skills.


Most developers work full-time for somebody else, and about 10% of them freelance. Only 5% of developers who want to work are currently unemployed — much better employment stats than pretty much any field.

They work in a wide range of industries — many of them outside of what we traditionally think of as “tech.”

And most of them at small-to-medium-sized companies. The more experience a developer has, the more likely they are to work at a large company.

They’re an ambitious lot. Only 1 in 5 developers wants to be working in the same capacity 5 years from now. A quarter of developers aspire to start their own company.

73% of developers are satisfied with their choice of careers.

Tools of the trade

JavaScript is the most widely-used technology for the 6th year in a row.

And JavaScript frameworks and libraries remain key tools for most developers.

SQL databases are still the most commonly used. Document store database MongoDB and key-value store database Redis both surged in popularity this year.

The State of Diversity in Software Development

Software development is still overwhelmingly dominated by young…



Who have college-educated parents. (Only 1 in 3 Americans has a bachelor’s degree, so this suggests social mobility issues.)

These numbers are disappointing. It’s important to acknowledge where things are, and that a lot of work remains to be done here.
A lot of organizations are working toward making software development a more inclusive field — including the freeCodeCamp community and many of the nonprofits we support.

Other interesting insights about developers

They aren’t as vampire-like as Hollywood would suggest.

They do spend more than half of their waking life on a computer, though.

This said, most developers make time for regular exercise.

Developers are overwhelmingly optimistic about the future of artificial intelligence.

But they acknowledge that it is ultimately developers who are responsible for AI safety.

Most developers said they would refuse to write code that they perceive to serve an unethical purpose.

Still, they say the blame for unethical code rests on management.

Developers overwhelmingly believe they are obligated to consider the ethical implications of their code.

I’m thrilled that Stack Overflow included questions about developer ethics in this year’s survey. This is an increasingly important issue — one that the freeCodeCamp community has discussed a lot this past year.
If you’re curious about developer ethics, take a moment to read this article:

What do Uber, Volkswagen and Zenefits have in common? They all used hidden code to break the law.

And Bill Sourour — a developer who’s written software professionally for over 20 years — has created a series of guide articles on ethics:

Developer Ethics

Thanks for reading. If you have time, you can read through the full 2018 Stack Overflow survey results and share your insights in the comments section below.
I only write about programming and technology. If you follow me on Twitter I won’t waste your time. 👍

This content was originally published here.

Barely scraping by with a $250,000 salary in Silicon Valley

I am an artificial intelligence analyst for Google and I make $250,000 US dollars. When I first got hired, I thought that would be a lot of money, but after moving to Mountain View from the East Bay, I discovered that half of my income was going to housing and transportation, and the other half was going to education and entertainment.
When I heard I got hired by Google, I was very excited. I would finally be able to afford a house with a swimming pool and a barbecue grill. I quickly went into Airbnb and looked into houses to rent. There were some openings for “shared rooms” for young college grads. They were about $1500 per month for a bed in a shared room of two. If you wanted a full room for yourself, it was around $2500.
However, I’m a grown up. I’ve been working for 4 years already after college, and thus I should finally have the American dream: a house for myself, so that I can find a girlfriend and eventually have pets or even kids. I quickly realized that I’d have to pay $2500 per room. A small house has two bedrooms, a living room, and two restrooms. That’s a total of 3 rooms (the restrooms come for free!). It’s a total of $7500 so far.
Of course, I haven’t studied for 16 years in my life and worked another 4, just for a small house. I also wanted what everyone expects: a small swimming pool and a barbecue grill (in a backyard). That takes the price to $10,000 per month. It seems reasonable, since I’m making $250,000 per year, and young high schoolers or college dropouts pay $1500 per room, in pairs ($3000 per room total).
I was leasing for a year, which means the price was of $120,000 per year, plus $5000 for pool cleaning and other services for the house.
I am also currently doing an MBA master’s at Stanford. It is a common thing to do if you ever want to get out of a technical position and into a management one at Google. After the MBA, I could get a bump of $50,000 in yearly income.
The MBA tuition is of $22,000 per quarter, and there are three quarters per year. That’s a total of $66,000 that I have to pay. On top of the $125,000 for housing, I am now at $191,000 per year, just to live next to work and to study!
My taxes are of 15%, because I get paid in capital gains, through equity. That’s a tax of $37.500 per year. That leaves me with $212,500 after taxes. After deducting housing and tuition, I’m left with $11,500 ($212,500 – $191,000). Since I moved to the heart of the Silicon Valley, I now have to buy a car. The cheapest electric car I found is the Nissan Leaf ($29,000). Of course, there are old used cars, but if I happened to go to work with one of those, I’d immediately get fired for polluting Google’s parking lot, and being an overall horrible person.
That left me with $-17,500. Yes, I had to borrow money from my parents. Of course, next year I won’t have to buy a new car, but I will have to spend some money for events so I can find a girlfriend, and I don’t even want to think about paying for school and children. I would probably have to hire a nanny and save for their college.
Even $250,000 is not enough in the valley. I’m barely scraping by and I don’t have any kids yet.
Also, check out my latest pieces:
No, you can’t just fucking press your own juice. Buy the $700 machine. You’ll save the environment
$12,000 refugee camp festival was a fantastic party experience, as expected: “we just imitated druglord gangster life”
Edited: Way too many people haven’t noticed this is satire. I’ve seen an article on Facebook claiming $100k isn’t enough to live in the valley, and then another one claiming $130k isn’t enough. Then there’s another Twitter employee complaining with $160,000.
I wanted to make a hyperbolic next step to show the stupidity of those articles. There are service workers living with $10k or less. Working in tech, you should be fine with your salary. Stop complaining.
Many people are “just scraping by” by choice. They decide to spend it all and save nothing. Manage your finances!
Update #1: Detailed, the marketing website, wrote a piece about me, as a viral success story . Pretty exciting!
Update #2:
It seems the Chinese picked up on this important story as well .

This content was originally published here.