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AI technology is not dark magic, it’s just misunderstood

AI technology has a vital role to play in the future of business and academia, and the better our understanding of it, the more it can expand across sectors and skill sets
Most forms of technology applications are well understood. Every computer program can be deconstructed into the basic building blocks of code, and if it goes wrong, you can debug the software – often by simply stepping through the code line by line in order to find out where the problem lies. Artificial Intelligence, or AI, is different.
With the latest AI large language models we can’t predict exactly what it will output, but it will do a good job at writing an article or creating poetry. That’s the beauty of these AI technology models. What makes them human-like is the lack of predictable outcomes – humans simply aren’t predictable!
These state-of-the-art models such as GPT-3 have been trained on huge datasets of billions of pages of text and contain hundreds of billions of parameters. And although we can’t predict the exact outcome, we can train them to do what we want. This is leading to hugely exciting use cases, explains Penny Li, SVP, VLSI at SambaNova Systems.
As AI grows in use and becomes increasingly synonymous with the working landscape, the perception of the technology, and therefore the industry, as an impenetrable field is being greatly undermined. The key players required in AI are not academic researchers taking a custodial role, but individuals from all walks of life with differing perspectives. They are greatly needed to support technology’s growing role in all fields.
Continue reading: https://www.openaccessgovernment.org/ai-artificial-intelligence-business-academia/146229/

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The AI revolution: 4 tips to stay competitive

Adoption of artificial intelligence (AI) tools is gaining momentum in organizations across all industries. Consider this practical advice as you develop your AI strategy.
As accessibility to artificial intelligence (AI) has increased, so has its adoption. Over the last two years, more than half of organizations have accelerated their AI rollout, revolutionizing the future of work.
The simplification and commoditization of AI tools have catalyzed harnessing AI’s true potential. Banking institutions have embraced AI to detect and prevent fraud, schools leverage the systems to help students learn faster and alert teachers to problems, and supply chain managers integrate end-to-end solutions to address procurement and distribution challenges.
With some organizations at the start of their implementation journey and others struggling to understand the impact, it’s critical to understand the full breadth and potential the technology holds, especially as it serves as a competitive edge.
1. Identify where AI fits into your operations
Many enterprise organizations struggle with internal inertia regarding technology adoption, where a change of this size disrupts typical day-to-day processes. Understanding and re-evaluating daily operations is necessary to find the most seamless path forward.
Continue reading: https://enterprisersproject.com/article/2022/10/ai-revolution-4-tips-stay-competitive

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How using analytics and AI can help companies manage the semiconductor supply chain

Businesses and consumers have been grappling with supply chain issues for months, resulting in annoying shortages of all kinds of products, including all-important semiconductor chips.
And while the CHIPS and Science Act, signed into law in August, is designed to boost semiconductor manufacturing in the U.S., there’s no telling what effect the legislation will have on supply, or even when.
“The semiconductor supply chain is still constrained,” said Brandon Kulik, semiconductor industry leader and principal at Deloitte Consulting. “Lead times on average have come down slightly, given softening in the consumer electronics segment [laptops and smartphones], and demand for memory has declined. But demand for higher performing data center chips, defense, and automotive chips remains historically high, with some semiconductor companies seeing growth in the area of 40% or more.”
One potential nearer-term solution for companies that rely on semiconductors: advanced data analytics and artificial intelligence tools to help manage supply issues.
“The Covid-19 pandemic vividly illustrated the impact that unexpected events can have on global supply chains,” said Rohit Tandon, managing director and global AI & analytics services leader at Deloitte. “However, AI can help the world avoid similar disruptions in the future.”
Continue reading: https://www.cnbc.com/2022/10/19/how-ai-can-help-companies-manage-the-semiconductor-supply-chain.html

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Decentralization vs. growth: A practical way to bring Web3 to a billion people

Many Web3 founders approach their work with a missionary-type zeal. They not only want to build products and make money, but also to rewire and improve the economic power grid and the old order of human affairs. To them, Web3 is not merely a technology toolset but a grand social and economic experiment playing out in real time.
But as their vision moves closer to reality, Web3 has a new challenge: How to scale this technology to meet the demands of enterprises and onboard the next billion users, without trading away the very thing that makes blockchains a powerful tool—their decentralized, trustless, immutable nature. (This tension will be a central theme of the Blockchain Research Institute’s upcoming event, W3B and Blockchain World, where builders will present on how they plan to shake up a wide variety of industries.)
Decentralization has been a cornerstone of Web3 since the beginning. In a 2019 interview for my book Financial Services Revolution, MakerDAO co-founder Rune Christensen described what he saw as the core features of a DeFi application: It must be tamper-resistant (difficult to shut down), run on a blockchain, and be trustless, meaning as a user you’re not relying on a central party or platform. This essentially describes how decentralized applications ought to work in theory.
Continue reading: https://fortune.com/crypto/2022/10/18/decentralization-vs-growth-a-practical-way-to-bring-web3-to-a-billion-people/

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Web 3 Isn’t Dead, Despite What Critics Might Say

“Web3” is the latest in a line of phrases that media pundits and technology evangelists alike have deemed a Holy Grail of tech development. Promises of “a new internet” and killer applications have resulted in much excitement and enthusiasm.
This, in turn, has set the stage for dramatic disappointment. This year has seen high-profile collapses of tokens, a sharp drop in interest in non-fungible token (NFT) markets, and the hotly contested metaverse territory continuing to figure out what exactly it will offer. On the heels of this turbulence, commentators have been quick to proclaim the early death of Web3. Jack Dorsey even announced “Web5,” which he touted as “extra decentralized.”
But it would be a mistake to move on so soon when the solutions represented by Web3 are only getting started.
With the term being used so freely, it’s worth taking a moment to re-clarify what Web3 really means. While Web2 can be characterized by central platforms controlled by tech giants, Web3 refers to a variety of technologies and services that enable a new means of exchanging data and value between parties with built-in security, privacy, and efficiency. In practice, this means networks of businesses, individuals and devices, each with their own data silos, security and policies, can exchange data in an entirely new way.
At its core, Web3 is about decentralization. The technologies that enable it are primarily related to blockchain and cryptography, but these are the tools rather than the principle itself – a world where data from different businesses, individuals and physical devices can be seamlessly shared and verified in a privacy-preserving, low-cost way. It’s designed for a future that will become increasingly distributed, and for this reason remains foundational to how some sectors will eventually operate.
Continue reading: https://www.coindesk.com/layer2/2022/10/18/web-3-isnt-dead-despite-what-critics-might-say/

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How Web3 security will differ from Web2 security for businesses

David Schwed, COO of Halborn, discusses how Web3 security will differ from Web2 security, and what organisations leveraging Web3 capabilities will need to consider
Over the course of its existence, the Internet has undergone continuous evolution. From the early 1990s until now, there have been substantial modifications, as search engines replacing encyclopedias, libraries, and newspapers are now the primary method for accessing the internet — which in turn has become the dominant source of information. As the Internet has continued to develop, however, so too have the security concerns and vulnerabilities that put it at risk.
Web3 — widely regarded as the future of the Internet — introduces positive changes while confronting businesses with a fresh batch of security risks. More than ever, strategic threat prevention, investigation, and response are imperative for ongoing success. In this article, I will compare Web2 and Web3 from a security standpoint; address irreversible transactions; explain how Web3 is a money layer for the internet; and describe Web3 cyber security challenges as the industry grows.
Web3 vs Web2
In recent years, Web3 has emerged as the novel technology. When considering the evolution of the Internet, it is important to compare prior generations (such as Web1 and Web2) with what is to come because interest in Web3 is rising as blockchain and security technology become more widely accepted.
Web2 has fundamentally altered both the web and the sectors that sustain it. With just one click, users may now collect, create, and distribute enormous volumes of data and the Web as we know it today was made possible with the addition of user-generated content and dynamic, interactive websites through Web2.
Continue reading: https://www.information-age.com/how-web3-security-will-differ-from-web2-security-for-businesses-123500179/

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Northeastern Professor Explains How Blockchain Can Be A Creative Disruptor of Business

Blockchain—a highly encrypted method of transmitting data across a network—first came to public consciousness with the rise of cryptocurrencies like Bitcoin and Ethereum, but major businesses have been slow to adopt the technology.
Now, a new book by Northeastern professor of international business and strategy Ravi Sarathy“Enterprise Strategy for Blockchain: Lessons in Disruption from Fintech, Supply Chains, and Consumer Industries,” explores the whys behind this reticence and offers solutions to the problems blockchain still presents.
Blockchain relies on a distributed network of computers to provide “a very high standard of encryption,” Sarathy says, in which member computers within the network collectively validate transactions.
When a transaction is certified, it gets added to a “block,” each of which contains information about transactions in the previous blocks. As these blocks stack up, they form a chain, an “immutable” digital record, or ledger, of every transaction that’s ever occurred along that blockchain, Sarathy says. “You can go all the way back to 2009, when the very first Bitcoin transaction happened, and literally trace… every transaction in every Bitcoin that’s ever been created.”
Thanks to these collective validations, he says, blockchains are very secure. “The Bitcoin network itself has never been hacked. Wallets have been hacked, where people store Bitcoin, [and] exchanges have been hacked, which store Bitcoin on behalf of the client,” but the Bitcoin blockchain itself has remained secure.
Continue reading: https://news.northeastern.edu/2022/10/18/blockchain-business-use/

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Here are the 8 female-led startups in the Australian final of the global She Loves Tech competition

Eight startups founded or led by women will pitch this week for the chance to represent Australia on the global stage as part of the She Loves Tech Global Startup Competition.
Now in its third year in Australia, seven-year-old She Loves Tech is a global platform committed to closing the funding gap for female entrepreneurs and now operates in 70 countries.
The platform also seeks out and accelerates the best entrepreneurs and technology for transformative impact, aiming to unlock over US$1 billion in capital by 2030 for women-led businesses. 
There were more than more than a hundred applications for She Loves Tech Australia, with 8 startups chosen for the final. To qualify, the company must have raised less than US$5 million, have reached MVP stage, with at least one female founder, a majority female users or consumers; or have developed tech designed to positively impact women.
Continue reading: https://www.startupdaily.net/topic/women-in-tech-news-analysis/here-are-the-8-female-led-startups-in-the-australian-final-of-the-global-she-loves-tech-competition/

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How to Make AI More Ethical, Transparent and Useful for Everyone

Christina Montgomery is chief privacy officer and vice president at IBM. In this role, Montgomery oversees IBM’s privacy program and directs all aspects of the company’s privacy policies. She also chairs IBM’s AI Ethics Board, a multi-disciplinary team responsible for the governance and decision-making process for AI ethics. In April 2022, Christina was appointed to serve on the U.S. Department of Commerce National AI Advisory Committee, a group of 27 top AI experts from across disciplines that will advise President Biden and the National AI Initiative Office on a range of issues related to AI.
We sat down with Montgomery to discuss how AI benefits us every day in ways we don’t often realize, her experience in developing ethical AI tools, and how AI can make communities healthier and more equitable. We also asked her why AI gets such a bad rap in pop culture—and how that might be about to change.  
Q: Can you give me an example of when AI is used in everyday life where the casual user might not notice? 
A: Artificial intelligence is all around us, from the speech recognition software in our smartphones to the automated stock trading systems within our global economy. IBM has a long history of leading in sophisticated AI systems and was ranked #1 in AI lifecycle software market share earlier this year. So, you likely use IBM’s AI technology without even realizing it. Another critical example of AI in everyday life is fraud detection.  If you’ve ever been contacted by your credit card company indicating they blocked a suspicious transaction, that transaction was likely identified through AI. Financial institutions and tech companies can use machine learning to spot suspicious transactions and logins, deploying special AI teams to train models to detect and alert customers of potential fraudulent activity.
Continue reading: https://www.uschamber.com/technology/how-to-make-ai-more-ethical-transparent-and-useful-for-everyone

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What’s in store for businesses that tap into AI and analytics?

Dr. Anastasia Griva is exploring real-world phenomena in the AI and business analytics space, looking to answer questions that are important to society.
Dr. Anastasia Griva received her PhD in business analytics from the Athens University of Economics and Business three years ago. This was an industry-funded PhD and she worked closely with the retail sector, while establishing two AI and analytics start-ups.
But academia was her dream and so she joined the University of Galway as a post-doc researcher. She applied successfully for a Marie Skłodowska-Curie fellowship through Lero, the Science Foundation Ireland research center for software. After this, she obtained her first academic position as a lecturer, and she is now the program director for the MSc in business analytics at the University of Galway.
‘I think that my research is necessary because it impacts society’ – DR ANASTASIA GRIVA
Tell us about the research you’re currently working on.
Currently, I am working on several pieces of research in the areas of genealogy, AI, business analytics and innovation. Some of these are more theoretically based, so I would rather discuss the more practical area of my research.
One start-up I am involved with has a big retail client with more than 4,000 European retail outlets. The start-up provides a software development toolkit (SDK) for this client, which can be embedded in the client’s mobile app.
Using some tracking technologies and AI, it can identify the accurate location of a user in indoor environments. This SDK aims to identify a user’s precise location in in-store settings and provide shoppers with location-based recommendations and content.
Continue reading: https://www.siliconrepublic.com/innovation/anastasia-griva-ai-business-analytics

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Why some businesses are failing at AI

Deloitte’s ongoing research into artificial intelligence adoption has found that more than 20% of organizations are underachieving in their AI ambitions
The latest edition of the Deloitte global study looking at artificial intelligence (AI) adoption in business has found that more organizations are struggling to achieve measurable value from the technology.
Deloitte’s State of AI 5th edition research surveyed global executives on how businesses and industries are deploying and scaling AI. The findings indicate that AI is moving ever closer to the center of the enterprise. In fact, 94% of business leaders agree that AI is critical to success over the next five years. However, Deloitte’s research found that successful outcomes from AI seem to be lagging. 
The survey of 2,620 global business leaders between April and May 2022, reported that 79% of respondents said they achieved full-scale deployment for three or more types of AI application. But when asked to score the outcomes they attained against what their organizations had hoped to gain from the AI initiatives, 540 of the organizations surveyed achieved a score of only four or less, even though they had deployed five or more AI applications. From an AI strategy execution perspective, Deloitte classified these organizations as “underachievers”.
Continue reading: https://www.computerweekly.com/news/252526204/Why-some-businesses-are-failing-at-AI

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7 Ways To Better Sell Artificial Intelligence To The Business

There are plenty of artificial intelligence efforts underway — the global AI adoption rate grew steadily and now is 35%, a four-point increase from the year before, a recent IBM study shows. It’s clear, as shown in the study, that there are tangible benefits — half of organizations are seeing benefits from using AI to automate IT, business or network processes, including cost savings and efficiencies (54%), improvements in IT or network performance (53%), and better experiences for customers (48%).
But bringing in AI means changes for the organization, and the systems and processes that have defined the way business is done. Selling AI as a new way requires some degree of finesse and business sense.
The following are recommendations provided by industry experts who work day to day to advocate greater AI adoption:
Think and understand the problem to be addressed before bringing in the technology. “Instead of coming in and asking for a blank check to tackle numerous vague goals, identify a single problem and outline a clear strategy around how AI will solve it,” says Sagar Shah, client partner at Fractal Analytics. “Highlight the quick wins that can be achieved in the first 12 weeks of the project. This provides clear parameters for skeptics to compare against and judge results.”
Continue reading: https://www.forbes.com/sites/joemckendrick/2022/10/19/7-ways-to-better-sell-artificial-intelligence-to-the-business/?sh=1cb875db290f

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Artificial intelligence could speed interconnection, says Amazon executive

Grid operator SPP is in discussions with Amazon Web Services about using AI to speed interconnection studies for utility-scale solar. A NextEra executive is bringing the idea to other grid operators.
Artificial intelligence, or machine learning, can increase the speed and accuracy of modeling for interconnection studies for large-scale renewables projects, said Xing Wang, global leader for grid modernization for Amazon Web Services (AWS) Energy and Utilities, in a panel discussion convened by the trade group ACORE.
One type of interconnection study uses a model to evaluate how a new solar generating system will affect power flow on the grid. The model predicts power flow “but it doesn’t solve,” Wang said, meaning it doesn’t provide a solution. “You need to find out where the issues are, and that requires years of engineering experience. We have a limited number of people who know how to do that.”
Machine learning can help, Wang said, by looking into a sufficient number of cases that it can provide “some suggestions or recommendations, for example, wherever the power flow is a problem.”
Continue reading: https://pv-magazine-usa.com/2022/10/17/artificial-intelligence-could-speed-interconnection-says-amazon-executive/

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Investors Could Be Missing Out On Women-Led Startups. Here’s How They Can Fix That

Investors frequently say they want to diversify their portfolios. But they could be missing out on the next big femtech company because of the biased questions they ask entrepreneurs.
VCs question startups led by women and men differently — even when the ventures are otherwise comparable, according to a study from Columbia University and Harvard Business School that analyzed transcripts and video recordings from startup funding competitions with almost 200 companies from 2010 to 2016.
The different lines of questioning tend to put women on the defensive – a funding turnoff — while giving men opportunities to discuss their startup vision, which attracts more funding.
Ultimately, this hurts investors because they could be missing out on great ideas in rapidly growing industries such as femtech.
Female founders are the driving forces behind startups that address maternal health, menstrual health, fertility, menopause and contraception, according to a McKinsey & Company report. On many metrics, women-led ventures outperform others led by men, Forbes reported.
The number of female-led ventures has increased drastically in just a few years. In 2021, women led 49% of newly created ventures — up from 28% in 2019, a Gusto study shows.
Researchers found that when women pitch new ventures, VCs tend to express concerns that they might fail, with questions like, “What safeguards do you have against that?” or “Are customers coming back?” But when men are pitching, VCs seem more interested in how they will grow and succeed, asking, for example, “Where do you want to get to if everything is fine?” or “How do you want to acquire customers?”
In other words, VCs’ questions typically put women in a position to defend their ventures – a stance that is generally unappealing to funders – but ask men to display vision and optimism, which attracts investments.
Continue reading: https://www.forbes.com/sites/corinnepost/2022/10/17/investors-are-missing-out-on-women-led-startups-heres-how-they-can-fix-that/?sh=42aa33981f05

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The female founders hoping to fix gender disparity in cloud tech

When the world’s first programmable computer was introduced in the 1940s, as part of American war efforts, the technology’s potential was obvious—but so, too, was the need to house its systems in a centralized space.
Within months, President Harry Truman had Electronic Numerical Integrator and Computer (ENIAC) centers built at various military sites and assigned a slew of engineers and researchers to these early data centers. In the decades that followed, rapid innovation brought information technology to the forefront of the economy, and as personal computing became ubiquitous in offices everywhere, users began to rely on servers and data centers around the world. During the dotcom era of the 1990s and early 2000s, the data center became essential to national security, economic output, and online infrastructure. And even while that bubble burst a few years later, the obsession with data storage persisted, eventually giving rise to cloud computing, which now allows organizations to move their data off-site by leasing infrastructure from a third-party partner.
But even as the global cloud computing market reaches an estimated $483.98 billion in value, women make up just 14.2% of its workforce, a disparity that many attribute to the technology’s deep historical roots.
“Women were never exposed to the mainframe data center, because women were not working in that space, or in some cases, at all,” says Chaitra Vedullapalli, the founder of Women in Cloud, a community-led economic development organization working to generate new economic access and opportunity for women in the space.
Continue reading: https://fortune.com/2022/10/17/women-in-cloud-tech/

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Blockchain lingo made easy: here’s an updated glossary of web3 terms

Whether it’s Meta, a MetaMask or the metaverse, here’s an explanation for many of the most commonly-used web3 terms.
Airdrop. In the crypto world, an airdrop is a free distribution of tokens or coins from a company directly into its users’ or members’ wallets.
Altcoins, or alts, are cryptocurrencies that are relatively new to the market and have relatively low valuations. A conjoining of the words ‘alternative’ and ‘coin,’ the term ‘altcoin’ initially was used to refer to any cryptocurrency that wasn’t Bitcoin.
Augmented reality (AR). A technology that combines elements of virtual reality (VR) with physical reality. In its current form, AR can be facilitated by devices worn over the eyes – such as glasses or goggles – or by a smartphone or computer screen. Pokémon Go is one common example of AR, because it blends virtual information with one’s physical environment.
Avatar. An avatar is a digital rendering of a human being or other entity in VR, a video game, the internet or another virtual space.
Bitcoin is at the time of writing the most valuable cryptocurrency in the world. It was also the world’s very first cryptocurrency, postulated by ‘Satoshi Nakamoto’ (which is typically presumed to be a pseudonym) in a now-famous white paper called ‘A Peer-to-Peer Electronic Cash System’ in 2008.
Continue reading: https://www.thedrum.com/news/2022/10/17/blockchain-lingo-made-easy-here-s-updated-glossary-web3-terms

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The Top Five Web3 Trends In 2023

The term Web3 covers a number of trends that make up what is sometimes called the "decentralized internet." The vision here is to create an internet that isn’t controlled by huge corporations like Google and Facebook that set most of the rules about what we can and can’t do online today.
The idea behind web3 is that technologies like blockchain, cryptocurrencies, non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs) give us the tools we need to create online spaces that we truly own, and even to implement digital democracies.
Why web3? Well, to cover the history of the web briefly – web1 was the original iteration of the world wide web, which was mostly a read-only affair made up of static websites. Web2 (or web 2.0 as it was more commonly called) refers to the user-generated web that came about with the arrival of social media sites like MySpace and, eventually, Facebook, which brings us to web3 – the decentralized web!
The idea is not without its critics, however, as there are concerns that, in reality, it may simply mean a transfer of power from one group of technocrats to another. Others have highlighted the large amount of electricity that often needs to be consumed in order to run technologies such as blockchain that make decentralization possible. These are certainly challenges that need to be addressed before the concept will achieve the societal buy-in that will be needed for it to live up to its potential. In 2023, we may see progress towards this or further rejection of the whole thing as a bad idea. So here's a look at some of the trends that will influence the future of web3 in 2023.
Continue reading: https://www.forbes.com/sites/bernardmarr/2022/10/18/the-top-five-web3-trends-in-2023/?sh=10baaad6b3f2

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What is a Web3 browser and how does it work?

Web3 browsers like Brave allow users to access DApps, integrate cryptocurrencies and surf over the decentralized web with greater privacy and security.
A software program called a web service enables computer-to-computer communication over the internet. However, web services are nothing new and typically take the form of an application programming interface (API). The Web is a collection of related hypertext materials that may be accessed online. For example, a user examines web pages that may contain multimedia using a web browser and uses hyperlinks to move between them.
Tim Berners-Lee, who was employed by CERN, The European Organization for Nuclear Research, in Geneva, Switzerland, invented the Web in 1989. Since then, Berners-Lee has actively directed the development of web standards and has pushed for the creation of the Semantic Web, also called Web3
The phrase “Web3” is used to characterize multiple evolutions of web interaction and usage along various paths, including creating a geospatial web, utilizing artificial intelligence tools and making content available through numerous non-browser apps or Web3 browsers. A Web3 browser introduces users to a new world of decentralized apps (DApps) and digital economies. 
This article will discuss Web3 fundamentals, key features of a Web3 browser, how a Web3 browser works and how to use one.
Continue reading: https://cointelegraph.com/news/what-is-a-web3-browser-and-how-does-it-work

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Web3 Cybersecurity: Are Things Getting Out of Control?

In a BNB Chain blog post in early October, the authors announced that about two million BNB crypto tokens were stolen. The value? It was over a whopping $560 million. At the time, the BNB Chain had $5.45 billion in DeFi (decentralized finance) assets. The platform is a part of Binance, the world’s largest cryptocurrency.
The vulnerability was in the cross-chain bridge. This allows for the movement of crypto from one blockchain to another. Essentially, the hacker was able to manipulate the blockchain, which allowed for minting huge numbers of tokens. 
But BNB Chain was swift in its response and suspended transactions. The result was that the loss was reduced to about $110 million.
Growing Web3 Hacks
The BNB Chain hack is nothing new. Massive hacks are becoming a more common part of the Web3 ecosystem. Here’s a look at some recent examples:
  • Axie Infinity: Sky Mavis, which is based in Singapore, is the developer of this play-to-earn online game. In March, hackers were able to steal over $500 million in crypto assets. The hackers were able to obtain private keys, which allowed for accessing validator nodes. Sky Mavis has taken steps to improve its security. The company also raised venture capital to help reimburse customers.
  • The Horizon Bridge: This platform manages transactions across different blockchains, like Ethereum, Bitcoin and the Binance Chain. In late June, Horizon disclosed a hack of the system. The hackers stole about $100 million crypto.
  • Nomad: This is also for transactions across various blockchains like USD Coin, Ethereum, and Dai. The hackers were able to make off with $190 million in crypto by swapping account numbers.
Continue reading: https://www.esecurityplanet.com/trends/web3-cybersecurity/

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What Are the Pros and Cons of Blockchain?

The more various industries rely on distributed ledger technology to optimize the flow of assets and efficiently record transactions, the more significant potential for error and complexity. You can use the BitIQ system to gain complete control over your money when trading in bitcoin. The below-mentioned portion looks at blockchain’s pros and cons to clarify some of its potential benefits and limitations.
With insights from industry leaders in finance, tech, software engineering and supply chain management, we explore how organizations use blockchain for payments, smart contracts/ IoT devices, logistics/delivery monitoring etc.
 We also examine blockchain’s applications in supply chain management to track products from inception to execution. A number of companies in the space are trying to address this problem, but there is still work to be done. Let’s explore the pros and cons of implementing blockchain technology in supply chain management.
The Pros of Blockchain Technology
1) Provenance and Transparency: One significant advantage of blockchain technology is that it allows you to track a product at every step in its journey. People can use this method to trace the origin and history of any product, ensuring that you are getting what you’ve ordered rather than taking a risk on a counterfeit or less-than-quality product.
Continue reading: https://www.dailyhawker.com/cryptocurrency/what-are-the-pros-and-cons-of-blockchain/

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What is blockchain technology and what are the types of it?

The term blockchain is very common when talking about the crypto market. Both have some unique features that differentiate them.
To be precise, blockchain technology is something that plays an important role in crypto systems. It focuses on maintaining a secure and decentralized record of transactions.
Now, let's find out the definition of blockchain technology before exploring the different types of it and how they function:
What is blockchain technology?
It can be described as a shared and immutable database or ledger that is distributed among the nodes of a computer network. Functioning as a database, the information's electronically stored inside the blockchain in a digital structure.
Blockchain technology primarily focuses on facilitating the process of keeping records of transactions and tracking assets in a network. Notably, an asset could be both tangible and intangible.
For instance, any physical asset including vehicles, houses, cash, etc., comes under the tangible section, while digital assets like intellectual property, patents, etc., fall in the intangible segment.
Continue reading: https://kalkinemedia.com/us/news/cryptocurrency/what-is-blockchain-technology-and-what-are-the-types-of-it

How Blockchain Tech Can Build Trust & Transparency In Supply Chain

Modern-day customers demand exceptional delivery experiences. They want to ensure better visibility, traceability, transparency, and sustainability regarding parcel movements. In fact, customers are willing to move on to alternatives if their beloved brand cannot deliver on these expectations. 
Clearly, a lack of visibility into supply chain processes will no longer suffice. So, how can supply chain leaders address the growing concern over the lack of trust and transparency in complex supply chains? 
Blockchain, a decentralized, distributed ledger that prevents tampering, is an ideal technological solution for improving supply chain traceability, security, transparency, and trust. Let’s have a look at how blockchain enables this.
Facilitating Operational Excellence
Logistical processes involve multiple participants, locations, and other elements. Regularly engaging with numerous such factors can introduce inefficiencies, data inaccuracies, and improper integrations across management operations.
Blockchain enables digitization and automation on shared network infrastructure, fostering more productive communication and collaboration. It significantly reduces manual processes and ensures transparency over export-import processes by automating and auditing them. It also helps mitigate the risk of duplicate orders and accounting fraud during invoicing. If process prerequisites are met, smart contracts automatically execute agreements, enabling faster, more timely, and more accurate cash reconciliation.
Continue reading: https://inc42.com/resources/how-blockchain-tech-can-build-trust-transparency-in-supply-chain/

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Blockchain Bridges Keep Getting Attacked. Here's How to Prevent It

Cross-chain bridges make interoperability within the blockchain sphere possible. They enable protocols to communicate with one another, share data and build exciting new use cases that are helping propel Web3 into new frontiers. But as this month’s BNB Smart Chain exploit reminds us, they are vulnerable to attack.
If we are to harness the potential of what bridges offer, we need to learn how to protect them.
Bridges have rightly earned a reputation as Web3’s weak link after a string of exploits this year. Just as robbers prefer to target assets while they are transported in vans (as opposed to being locked in bank vaults with sophisticated security systems), hackers have realized tokens in transit are similarly vulnerable.
Coby Moran is the lead investigator at Merkle Science, a predictive Web3 risk and intelligence platform. He previously served as an analyst for the U.S. Federal Bureau of Investigation.
They also know substantial funds are crossing these intersections. With total assets estimated at more than $54 billion, decentralized finance (DeFi) presents an especially attractive target. Even before the BNB attack, crypto bridges featured in more than $1.6 billion of the $2 billion stolen from DeFi protocols in 2022. The magnitude and regularity of these exploits demonstrates why fallen bridges are gaining notoriety.
Continue reading: https://www.nasdaq.com/articles/blockchain-bridges-keep-getting-attacked.-heres-how-to-prevent-it

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What Is the Blockchain Trilemma?

Blockchains can only handle a limited number of transactions per second. The Bitcoin network, for example, can process around seven transactions per second. If blockchain technology is to be adopted globally, it should be able to handle much more data, and at faster speeds, so that more people can use the network without it becoming too slow or expensive to use. However, the fundamental design of many decentralized networks means that increasing scalability tends to weaken decentralization or security. This is what’s known as the blockchain trilemma. Developers looking to solve this problem are experimenting with different consensus mechanisms and scalability solutions, such as sharding, sidechains, and state channels.
Introduction
In basic terms, a blockchain is a distributed digital database. Blocks of data are organized in chronological order. The blocks are linked and secured by cryptographic proofs. The implementation of this technology across different industries is already changing how we work and live. 
The idea is that decentralized and secure blockchains allow for a world where we don’t need to rely on third parties for networks or markets to function. However, experts generally agree that if this tech is to be more widely adopted there’s a core problem that needs solving. The problem in question is known as the “blockchain trilemma”.
This term was popularized by Ethereum co-founder Vitalik Buterin. For it to make sense, you need to be aware of three different elements that are desirable in a blockchain: decentralization, security, and scalability. The blockchain trilemma refers to the idea that it’s hard for blockchains to achieve optimal levels of all three properties simultaneously. Increasing one usually leads to a weakening of another.
Continue reading: https://academy.binance.com/en/articles/what-is-the-blockchain-trilemma

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Women Putting Women In Charge

Diane von Furstenberg, inventor of the iconic 1970s wrap dress, has said when describing her early 20s, “I never knew what I wanted to do, but I always knew the kind of woman I wanted to be – a woman in charge.” Recently the icon’s brand — DVF — launched the #InCharge movement, which focuses on women having “a commitment to ourselves.” More specifically, the movement is focused on women “owning who we are” and “respecting and trusting our character, knowing that it is forever the home and the core of our strength.”
In collaboration with Anthology, an ed-tech company, DVF brought together women leaders from across the tech world, including Google Cloud and Accenture for a conversation titled Learner Today, Leader Tomorrow. The conversation focused on how education plays a critical role in empowering women and girls for the future. Ingrid Gonzalez, Sales Director, Google Cloud, discussed how nontraditional students such as first-generation learners or international students, who are forging their own path without the built-in network, must be bold, ask questions and navigate the initiative to surround themselves with the people who will help them achieve their goals. She stressed, “Don’t be afraid to ask for help because that’s when the doors and windows to opportunity will open.”
First generation within the higher education context, typically refers to a student whose parents did not earn a college degree. These students typically lack the social and economic capital and benefits that result from having parents who attended college. A first generation student herself, Richa Batra, Vice President and General Manager of Education Technology at Anthology, explained how the term “first-gen” didn’t exist when she was a student, so “the fact that we have that language today and the ability to understand what those pathways are is really important.” Likewise, Jaclyn Smith, a Business Strategy Manager at Accenture, chimed in on her experience as a first-generation student and how her parents supported her as she pursued her college degree and eventually helped her to open her own business.
Continue reading: https://www.forbes.com/sites/marybethgasman/2022/10/16/women-putting-women-incharge/?sh=1387be506804

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