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Archive for the ‘disruptive technology’ category: Page 12

Oct 1, 2015

A Greater Giving Potential: Introducing Micro-Donations in Bytecoin

Posted by in categories: cryptocurrencies, disruptive technology, economics, encryption

Suggests a mechanism to be adopted for any
cryptocurrency that would alter the fee layer to
help fund a new public good.

From ABIS concept

In 2013, following a period of reflection and visioning, I imagined the possibility of completely altering the financial system as we know it. This vision, known as ABIS, will now see its first-ever implementation.

The implementation is now being issued in BCN’s GUI Wallet with the release of v. 1.0.8, where the transaction has been re-envisioned to allow the user new ways to explore the possibilities of transactions and realize greater giving potential, initially through two use cases involving unique forms of donations:

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Sep 25, 2015

The Future of Money

Posted by in categories: bitcoin, cryptocurrencies, disruptive technology, economics, mobile phones, wearables

Money is the primary mechanism for storing and exchanging value, especially in our daily purchases, and it’s heading rapidly into a faster, smarter and more mobile future. Nevertheless, the constant in the midst of change will remain levels of human trust in the proliferating forms of money. That’s because we have an ancient and abiding partnership with money and no relationship is ever sustainable without trust.

It’s a time of accelerated innovation in this field due to the rapid global expansion of digital banking, especially online and mobile financial services. However, while payments and transfer of money shift inexorably towards mobile devices as the consumer technology of choice, digital currencies expand in scope and number and online shopping begins to enter a golden age, cash is still the most successful and popular form of money ever. Its trust level, as public money backed up by a promise to pay from the government which minted and manufactured it, remains extremely high. This is evidenced by the way the Greeks turned to cash during their fiscal and monetary crisis which rocked the whole European Union, as well as by cash’s current 8.9% per annum average global growth rate. Cash is undoubtedly one of the most successful social technologies in history.

In short, the future of money will be mobile, faster in execution and settlement, and yet as heavily dependent on trust as ever. In my view, for that very reason, there’s unlikely to be a cashless world in this century. Nor is such a scenario desirable, unless you’re a fan of a Big Brother society largely dominated and dictated by multinationals more powerful than many national governments. A cashless world would subvert the economic freedom of citizens to choose the form of money and payment they want and, if that weren’t bad enough, it would lead inevitably to even further marginalisation of the world’s poor. Besides, cash is already universally trusted, instant in execution and mobile in nature (that is, just as portable as a smart phone).

That said, digital banking is here to stay and provides massive levels of convenience and efficiency. Financial institutions the world over are fiercely focused on developing omnichannel (“every channel”) strategies to provide seamless customer experiences across all their banking channels.

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Sep 18, 2015

Apple meets California officials to discuss self-driving car — By Mark Harris | The Guardian

Posted by in categories: disruptive technology, driverless cars, innovation

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Apple executives have discussed their plans for an “autonomous vehicle” with officials at California’s department of motor vehicles (DMV), the Guardian has learnt.”

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Aug 30, 2015

Becoming an Interstellar Species

Posted by in categories: anti-gravity, defense, disruptive technology, physics, space travel

Our interstellar challenge is, how do we as a planet confined humans, become an interstellar species? This encompasses all human endeavors, and is vitally dependent upon interstellar propulsion physics to realize our coming of age as an interstellar species.

There are so many competing ideas on how to realize interstellar propulsion. These include chemical rockets, ion propulsion, nuclear engines, solar sails, atomic bomb pulse detonation, antimatter drives, small black holes, warp drives and much more.

How do we sift through all these competing ideas?

For his objectivity and courage in stating that mathematics has become so sophisticated that it can now be used to prove anything, I have named the approach to solving this interstellar challenge the Kline Directive, in honor of the late Prof. Morris Kline.

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Aug 18, 2015

FDA approved the first 3D-printed prescription drug

Posted by in categories: 3D printing, disruptive technology, drones, hacking

How 3D printing is changing the way we manufacture and produce is already a fact, step by step, in different areas, from aerospace to the medical areas.

How will this impact the established processes, the economy, the patient …

Is this the dawn of personalized medicine? patients will be able to print their own pills at home? Will 3D printing represent an enhancement to distribution processes?

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Aug 18, 2015

Blockchain for IoT? Yes!

Posted by in categories: automation, big data, complex systems, computing, disruptive technology, engineering, hardware, science, supercomputing

Quoted: “Sometimes decentralization makes sense.

Filament is a startup that is taking two of the most overhyped ideas in the tech community—the block chain and the Internet of things—and applying them to the most boring problems the world has ever seen. Gathering data from farms, mines, oil platforms and other remote or highly secure places.

The combination could prove to be a powerful one because monitoring remote assets like oil wells or mining equipment is expensive whether you are using people driving around to manually check gear or trying to use sensitive electronic equipment and a pricey a satellite internet connection.

Instead Filament has built a rugged sensor package that it calls a Tap, and technology network that is the real secret sauce of the operation that allows its sensors to conduct business even when they aren’t actually connected to the internet. The company has attracted an array of investors who have put $5 million into the company, a graduate of the Techstars program. Bullpen Capital led the round with Verizon Ventures, Crosslink Capital, Samsung Ventures, Digital Currency Group, Haystack, Working Lab Capital, Techstars and others participating.

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Aug 1, 2015

So — what is Ethereum; and, how does it relate to Law?

Posted by in categories: automation, big data, complex systems, disruptive technology, economics, ethics, governance, human trajectories, information science, law

Quoted: “Traditional law is a form of agreement. It is an agreement among people and their leaders as to how people should behave. There are also legal contracts between individuals. These contracts are a form of private law that applies to the participants. Both types of agreement are enforced by a government’s legal system.”

“Ethereum is both a digital currency and a programming language. But it is the combination of these ingredients that make it special. Since most agreements involve the exchange of economic value, or have economic consequences, we can implement whole categories of public and private law using Ethereum. An agreement involving transfer of value can be precisely defined and automatically enforced with the same script.”

“When viewed from the future, today’s current legal system seems downright primitive. We have law libraries — buildings filled with words that nobody reads and whose meaning is unclear, even to courts who enforce them arbitrarily. Our private contracts amount to vague personal promises and a mere hope they might be honored.

For the first time, Ethereum offers an alternative. A new kind of law.”

Read the article here > http://etherscripter.com/what_is_ethereum.html

Jul 30, 2015

Dr. Steve Omohundro and the Implications of A.I. in the Future of Industry

Posted by in categories: computing, disruptive technology, robotics/AI

Concerns about the future of artificial intelligence (AI) have recently gained coverage thanks to pioneers like Hawking, Gates, and Musk, though certainly others have been peering down that rabbit hole for some time. While we certainly need to keep our eyes on the far-reaching, it behooves us to take a closer look at the social issues that are right under our noses.

The question of artificial intelligence transforming industry is not a question of when — it’s already happening — but rather of how automation is creeping in and impacting some of the biggest influencers in the economic sphere i.e. transportation, healthcare, and others, some of which may surprise you.

I recently discussed these near-at-hand social implications and ambiguities with Steve Omohundro, CEO and founder of Possibility Research.

Social Implications of AI

In the words of Mr. Omohundro, we’re “on the verge of major transformation” in myriad ways. Consider near-term economics. McKinsey&Company have estimated that the presence of AI automation could impact the economy by $10 to $25 trillion in the next 10 years. Gartner, an information technology research group, estimates that 1/3 of all jobs will be relegated to the world of AI by 2025.

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Jul 25, 2015

IBM believes blockchain is an “elegant solution” for Internet of Things

Posted by in categories: automation, big data, bitcoin, complex systems, disruptive technology, information science, internet

Quoted: “IBM’s first report shows that “a low-cost, private-by-design ‘democracy of devices’ will emerge” in order to “enable new digital economies and create new value, while offering consumers and enterprises fundamentally better products and user experiences.” “According to the company, the structure we are using at the moment already needs a reboot and a massive update. IBM believes that the current Internet of Things won’t scale to a network that can handle hundreds of billions of devices. The operative word is ‘change’ and this is where the blockchain will come in handy.”

Read the article here > https://99bitcoins.com/ibm-believes-blockchain-elegant-solut…of-things/

Jun 23, 2015

Honda’s Gravity Modification Research

Posted by in categories: anti-gravity, business, cosmology, defense, disruptive technology, engineering, general relativity, gravity, innovation, particle physics, physics, quantum physics, science, space travel

Gravity modification, the scientific term for antigravity, is the ability to modify the gravitational field without the use of mass. Thus legacy physics, the RSQ (Relativity, String & Quantum) theories, cannot deliver either the physics or technology as these require mass as their field origin.

Ron Kita who recently received the first US patent (8901943) related to gravity modification, in recent history, introduced me to Dr. Takaaki Musha some years ago. Dr. Musha has a distinguished history researching Biefeld-Brown in Japan, going back to the late 1980s, and worked for the Ministry of Defense and Honda R&D.

Dr. Musha is currently editing New Frontiers in Space Propulsion (Nova Publishers) expected later this year. He is one of the founders of the International Society for Space Science whose aim is to develop new propulsion systems for interstellar travel.

Wait. What? Honda? Yes. For us Americans, it is unthinkable for General Motors to investigate gravity modification, and here was Honda in the 1990s, at that, researching this topic.

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