ACORD Solutions Group, accounting giant EY, technology giant Microsoft and the Maersk, the world’s largest shipping company have combined to launch the world’s first marine insurance blockchain platform. EY said that the distributed ledger will be used to capture information about shipments, risk and liability, and to help firms comply with insurance regulations. It will also ensure transparency across an interconnected network of clients, brokers, insurers and other third parties. “The reason we chose marine (insurance) as the starting point for this sort of market is mainly because of its complete inefficiency,” Shaun Crawford, global insurance leader at EY, told for CNBC. He added that
After the People’s Bank of China (PBoC) imposed a temporary rule that initial coin offerings (ICO) are illegal and that startups must refund all ICO investments to contributors, The Central Bank of Russia also said that it “monitors” the cryptocurrency market and is continuing to develop a regulatory framework for cryptocurrencies. There is a question though – what are central banks over the world exactly scared of? Russia’s central bank is against allowing cryptocurrencies or any related financial instruments within the Russian Federation. In that way, they reiterated statement from January 2014 which explicitly compared bitcoin to a “money surrogate”, rendering it illegal in the
Just a day after China raised the ban for ICOs all together, Hong Kong – the country that is a special administrative region of China – has voiced concern at the growth of ICO fundraising. “Those involved in an ICO need to be aware that some ICO structures may be subject to Hong Kong securities laws,” said Julia Leung of Hong Kong’s Securities and Futures Commission (SFC) . She also clarified that the regulations don’t simply apply to Hong Kong-based companies holding ICOs, but any entity worldwide that sells tokens to individuals based in Hong Kong. Just for a reminder, this week China’s central bank, issued a statement criticizing ICOs
Nowadays it’s perfectly normal to have a laptop on your desk, a tablet in your bag and a smart phone in your pocket. When you’re in the mood to play a game, you can – all you have to do is open the select app and start playing. Why wouldn’t we let this opportunities into our lives, not just for fun – but for solving health issues? Video games have been known to have a wide variety of effects on the mind of people. It hasn’t been long since Virtual Reality became a vital part of gaming industry as such. During the years of researching, studies had
Technologies are increasingly advancing and as such, all manners of technological innovations are sharing mutual beneficial relationships and Virtual Reality and Voice Over Internet Protocol, or rather VR and VoIP are no different. In simple terms, VoIP is a technology that allows you to make telephone calls over a broadband internet connection. It relates to the terms IP telephony and internet telephony, both set to be huge business in the foreseeable future. Much like VR, VoIP has had a lot of hype in previous years, which seems to cool before heating up again. The main advantage of VoIP is that it uses the internet as
During the 2017 edition of CES in Las Vegas, we’re starting to see an appearance of new Virtual Reality applications, as businesses see VR as a new medium. While the push for VR started in retail model, we’re now seeing that business-to-consumer model is the path forward. Many technologies are vying to be the next big thing, and Virtual Reality is one of the new mediums that can deliver that message. With HTC Vive, Oculus Rift, and PlayStation VR being the big three headsets in competition, there are also numerous other companies that are making the move into the virtual world – especially coming out
Eyefluence is company founded by William Torch and Jim Maggraff, with the goals to create eye tracking system that measures the intent of your mind, not just the motions of your eyes in order to control technology. This new system would allow a user to control device through movements of users eyes. This kind of tech may seem unnecessary for present day smartphones and PC-s, but as the world of immersive computing continues to barrel towards us it will become infinitely more relevant. Google certainly thinks so as it has just acquired Eyefluence for itself. According to an official statement on the Eyefluence blog: “Today, we are excited to announce that
Slovenian startup Bitstamp just did something that no other digital currency startup was able to do – launch the first nationally licensed Bitcoin exchange (BitEx). As it usually goes, the startup could not receive a license in its home country, so it took advantage of registering themselves in one of most business-oriented countries in the European Union. Luxembourg granted the license which will be valid in all 28 EU countries, meaning starting July 1, 2016 – 508 million EU citizens should be able to access a Bitcoin exchange under the same operating restrictions and protections as the banks and stock exchanges. “We believe that this is stability-inducing – that people will see this
Not long after moving into the Oval office, President Barrack Hussein Obama and his wife Michelle started to change the White House conventions. While the First Lady dedicated what will become an eight year campaign against obesity and fight for better education, the POTUS (President of the United States) pushed for a healthcare reform, and thanks to a series of good and some bad moves (not discussing foreign policy here), U.S. economy is doing better than ever. Still, what both Mr. and Mrs. Obama wanted was to elevate STEM initiatives above all. As Mr. Obama said, “If a NFL football team wins the championship, and receives an invite to the
UPDATE: March 7th, 2016, 11:26AM GMT Amazon released a statement where the company backtracked on its earlier decision: “We will return the option for full disk encryption with a Fire OS update coming this spring.” According to an Amazon spokesperson, the company announced its removal of Fire OS 5 encryption feature due to ‘internal belief’ in the company that there aren’t too many users which use this feature, and it was removed before the whole Apple vs. FBI case blew up. Encrpyting and Decrypting the data is tasking on the built-in SOC processors, and the company thought it could speed the performance. After a number of users complained and
117th edition of the North American International Auto Show will take place in Detroit, MI between January 11-24, 2016. Among 50 or so world premieres, perhaps the key launch will be the one coming in the shape of new E-Class, one of best selling cars coming from the three-pointed star from Stuttgart, Mercedes-Benz. The new E-Class launch is perhaps even more important than the company flagship S-Class. Unlike the S-Class, which rules the market where BMW competes with the 7-Series, Audi A8, Jaguar XJ etc., E-Class has to battle a lot of competitors, and the company lost sales advantage in the mid-2000s, with Audi A6 and BMW 5
Hot on the heels of Boeing unveiling its human transport capsule dubbed CST-100 Starliner, SpaceX unveiled its final take on the Crew Dragon capsule, which is scheduled to take first manned flights in 2017, in what will be return of United States of America to spacefaring nations, something the country wasn’t able to do since they retired the venerable Space Shuttle. In the video below, you can see the bespoke Dragon capsule, which can transport up to five people the the ISS, and what SpaceX hopes to be one of first steps to move us from LEO (Lower Earth Orbit) to other planets, especially Mars:
Croatia is a country mostly known as for its beautiful locations and as a birthplace many inventors, most notably Nikola Tesla, Faust Vrancic (creator of Parachute), Slavoljub Penkala (hint: the first three letters of his surname), David Schwarz (Zeppelin or flying airship) and many more. Recently, the country is becoming a hotbed of electric propulsion technology, with RIMAC Automobili hypercars, Dok-Ing electric mining vehicles, Ducati compact electric cars etc. Its neighbour Slovenia is also becoming a powerhouse with electric ‘crafts’ which you may not expect – Slovenian Pipistrel was shamefully blocked by Airbus and Siemens and almost beat them in their own game of an electric aircraft, while Quadrofoil started the deliveries of
According to the company tagline “Personalized Treatment Surveillance. Better Outcomes.” CareDX, Inc. is a molecular diagnostic company which is known for its AlloMap service that monitors patients with heart transplants. Current focus is on expanding the AlloMap line of blood-test products with cfDNA for Heart and cfDNA Kidney – potentially changing the lives of millions of transplant patients worldwide. Key of the company is ‘gene expression profiling,’ using the best of semiconductor industry to analyze blood cells on a molecular level, in order to identify gene activity in various types of blood cells. By building patient maps, doctors can research and predict how a patient is reacting to treatment, inflammation
As the F-35 Joint Strike Fighter finally receives active combat clearance, and enters the Air Force as a battle-ready aircraft, we saw a lot of caveats of the troubled Lockheed Martin’s fighter program. In a nutshell, it’s over budget, over the planned timeframe and over the much needed operational limit for current USAF and NAVY fighters as well. Sadly for the program, it is also weaker in combat than a 40 year old F-16, yet alone F-15 and F-18 fighters. This means, that in true facts and reality the F-35 is so much delayed, that current F/A-18 and F-16 fighters are nearing their operational limit. It also
Tech in sports is quickly becoming a multibillion dollar business of increasing complexity. What does the future hold?
Couple of months ago, we exclusively reported that the U.S. government blocked Intel from selling its products to Chinese supercomputer firms such as Inspur, responsible for building the Tianhe-2 supercomputer. Originally, Tianhe-2 was planned to expand all the way to almost 100,000 Xeon processors and Xeon Phi co-processors, targeting to beat the 100 PFLOPS barrier. Initial deployment included 4,096 Chinese Galaxy FT-1500 processors (Chinese SPARC) and 16,000 processor nodes with two 12-core Xeon E2692 processors and three Xeon Phi 31S1P co-processors for a grand total of 3.12 million cores. Full installation of Tianhe-2 was scheduled to feature 48,000 processor nodes, or 9.93 million cores. However, those
Since its inception, GlobalFoundries had a plan to become world’s leading semiconductor manufacturer. From starting as an AMD manufacturing spin-off, the company owners set a multi-decade plan which involved acquiring Chartered Semiconductor and recently, acquired IBM foundry business as well. The capacity grew from initial 60,000 300mm wafers in 2009 to almost quarter billion 300mm and 130+ million 200mm wafers in second quarter of 2015. While the absolute capacity numbers were even higher, the owners (Mubadala Development Company, Abu Dhabi) decided to re-address the capacity and increase volume in processes that make financial sense. In order to stay ahead the company kept on investing in SOI
There will be a replacement for EZTV soon enough.
Support for ancient protocols is being cut in the latest version of Internet Explorer.