Lifeboat Foundation

Quoted: “Ethereum will also be a decentralised exchange system, but with one big distinction. While Bitcoin allows transactions, Ethereum aims to offer a system by which arbitrary messages can be passed to the blockchain. More to the point, these messages can contain code, written in a Turing-complete scripting language native to Ethereum. In simple terms, Ethereum claims to allow users to write entire programs and have the blockchain execute them on the creator’s behalf. Crucially, Turing-completeness means that in theory any program that could be made to run on a computer should run in Ethereum.” And, quoted: “As a more concrete use-case, Ethereum could be utilised to create smart contracts, pieces of code that once deployed become autonomous agents in their own right, executing pre-programmed instructions. An example could be escrow services, which automatically release funds to a seller once a buyer verifies that they have received the agreed products.”

Read Part One of this Series here » Ethereum — Bitcoin 2.0? And, What Is Ethereum.

Read Part Two of this Series here » Ethereum — Opportunities and Challenges.

Read Part Three of this Series here » Ethereum — A Summary.

Quoted: “Bitcoin technology offers a fundamentally different approach to vote collection with its decentralized and automated secure protocol. It solves the problems of both paper ballot and electronic voting machines, enabling a cost effective, efficient, open system that is easily audited by both individual voters and the entire community. Bitcoin technology can enable a system where every voter can verify that their vote was counted, see votes for different candidates/issues cast in real time, and be sure that there is no fraud or manipulation by election workers.”

Read the article here » http://www.entrepreneur.com/article/239809?hootPostID=ba473f…aacc8412c7

Quoted: “The Factom team suggested that its proposal could be leveraged to execute some of the crypto 2.0 functionalities that are beginning to take shape on the market today. These include creating trustless audit chains, property title chains, record keeping for sensitive personal, medical and corporate materials, and public accountability mechanisms.

During the AMA, the Factom president was asked how the technology could be leveraged to shape the average person’s daily life.”

Kirby responded:

“Factom creates permanent records that can’t be changed later. In a Factom world, there’s no more robo-signing scandals. In a Factom world, there are no more missing voting records. In a Factom world, you know where every dollar of government money was spent. Basically, the whole world is made up of record keeping and, as a consumer, you’re at the mercy of the fragmented systems that run these records.”

Continue reading “BitCoin, Cryptocurrency, and Blockchain Technology — FACTOM” »

Preamble: Bitcoin 1.0 is currency — the deployment of cryptocurrencies in applications related to cash such as currency transfer, remittance, and digital payment systems. Bitcoin 2.0 is contracts — the whole slate of economic, market, and financial applications using the blockchain that are more extensive than simple cash transactions like stocks, bonds, futures, loans, mortgages, titles, smart property, and smart contracts

Bitcoin 3.0 is blockchain applications beyond currency, finance, and markets, particularly in the areas of government, health, science, literacy, culture, and art.

Read the article here » http://ieet.org/index.php/IEET/more/swan20141110

Currents and Undercurrents?

I was reading The Economist and a notion came to my mind.

We have all have heard the Chinese adage,

“… Don’t look at the waves but the currents underneath …”

Continue reading “Currents and Undercurrents?” »

Quality Assurance In Military Aeronautics!

THE BEST Quality Assurance In Military Aeronautic Equipment Is And By American Manufacturer(S).

THE SECOND Best Quality Assurance In Military Aeronautic Equipment Is And By European Manufacturer(S).

THE THIRD Best Quality Assurance In Military Aeronautic Equipment Is And By Israeli Manufacturer(S).

Continue reading “Quality Assurance In Military Aeronautics!” »

By JOHN MARKOFF — New York Times

Inspired by the architecture of the brain, scientists have developed a new kind of computer chip that uses no more power than a hearing aid and may eventually excel at calculations that stump today’s supercomputers.

The chip, or processor, is named TrueNorth and was developed by researchers at IBM and detailed in an article published on Thursday in the journal Science. It tries to mimic the way brains recognize patterns, relying on densely interconnected webs of transistors similar to the brain’s neural networks.

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Kurzweil AI

University of Washington engineers have designed a clever new communication system called Wi-Fi backscatter that uses ambient radio frequency signals as a power source for battery-free devices (such as temperature sensors or wearable technology) and also reuses the existing Wi-Fi infrastructure to provide Internet connectivity for these devices.

“If Internet of Things devices are going to take off, we must provide connectivity to the potentially billions of battery-free devices that will be embedded in everyday objects,” said Shyam Gollakota, a UW assistant professor of computer science and engineering.

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An innovative Australian digital radar built with a series of modified rugby goalposts is attracting worldwide attention the ABC reports.

A consortium led by La Trobe University in Melbourne developed the Tiger-3 digital radar, which is 10 times more sensitive than any other research radar. Lead researcher Professor John Devlin said the radar would be used to study space weather, which has an impact on navigation and surveillance systems for shipping and aircraft, as well as for GPS systems. “It measures the ionospheric reflections from a distance out to about 5,000 kilometres,” he said.

Researchers measure the data to study space weather, like recent solar flares, which can potentially knock out power, satellites, navigation and surveillance systems for shipping, aircraft and GPS.

The recent solar flares just grazed the Earth, but Dr Custovic said flares had the potential to knock out transformers, potentially shutting off power for weeks.

Continue reading “Australian digital radar innovation attracts global attention” »