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Only 1% of Business CIOs are Actually Using ”Blockchain” Technology

  

United Kingdom corporate research firm Gartner conducted a survey of nearly 300 Chief Information Officers (CIOs), in an attempt to separate hype from reality. The results are revealing, with a dismal 1% reporting “any kind of ...

Also Read: How to Buy Bitcoin With USD Dollar

 

Only 1% of Business CIOs are Actually Using ”Blockchain” Technology

  

United Kingdom corporate research firm Gartner conducted a survey of nearly 300 Chief Information Officers (CIOs), in an attempt to separate hype from reality. The results are revealing, with a dismal 1% reporting “any kind of blockchain adoption within their organizations.”

Also read: Telegram Rakes in Over $1.5 Billion, Ditches ICO for an Open Network & Token

Survey of CIOs Reveals More Blockchain Hype Than Adoption

A rather revealing survey of 293 CIOs conducted by English research outfit Gartner is attempting to suss out marketing campaigns from actual fact on the subject of blockchain usage among businesses.

Gartner Vice President David Furlonger explained, “This year’s Gartner CIO Survey provides factual evidence about the massively hyped state of blockchain adoption and deployment. It is critical to understand what [it] is and what it is capable of today, compared to how it will transform companies, industries and society tomorrow.”

 

Among some of the standout numbers: a whopping 77% of CIOs admitted their companies exhibited exactly no interest in the tech, nor have they plans to in the future; 8 percent claimed to be looking at interim planning or experimentation with it; and only “1 percent of CIOs indicated any kind of […] adoption within their organizations,” the survey detailed.

Mr. Furlonger continued, “The challenge for CIOs is not just finding and retaining qualified engineers, but finding enough to accommodate growth in resources as blockchain developments grow. Qualified engineers may be cautious due to the historically libertarian and maverick nature of the [tech’s] developer community.”

Numbers Point to Slow Going for Blockchain Adoption

Cheekily, Mr. Furlonger waxed how “Blockchain continues its journey on the Gartner Hype Cycle at the Peak of Inflated Expectations. How quickly different industry players navigate the Trough of Disillusionment will be as much about the psychological acceptance of the innovations that [it] brings as the technology itself.”

Furthermore, of those companies dabbling in the tech, 13 percent believed a complete restructuring of an information technology department would be the only way to bring along blockchain; 14 percent worried it would mean a large change of company culture; 23 percent indicated a host of new skills are required to meaningfully use it; and 18 percent noted knowledge of the tech is nearly impossible to find among potential employees.

“Blockchain technology requires understanding of, at a fundamental level, aspects of security, law, value exchange, decentralized governance, process and commercial architectures,” Mr. Furlonger insisted. “It therefore implies that traditional lines of business and organization silos can no longer operate under their historical structures.”

Industries inclined toward blockchain include financial services, of course, insurance, and telecommunications. The survey notes even public utilities, government agencies, and transportation sectors are exploring it for logistics and efficiency. “While many industries indicate an initial interest in [such] initiatives, it remains to be seen whether they will accept decentralized, distributed, tokenized networks, or stall as they try to introduce blockchain into legacy value streams and systems,” Mr. Furlonger stressed.

Do you think blockchain is the inevitable future so many business leaders claim? Let us know in the comments below.

Images via Pixabay, Gartner.

Looking for a Bitcoin Cash Block Explorer? Check out Bitcoin.com’s BCH Block Explorer today to find transactions, blocks, and other important blockchain data.

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A Look at the Credit Card Shaped Hardware Device Called ‘Coolwallet’

  

Cryptocurrency enthusiasts take security and storage seriously, and there are a bunch of different hardware solutions out there. One startup has released a different kind of digital asset hardware wallet that is the same size ...

Also Read: How to Earn Free Presearch Token Daily

 

A Look at the Credit Card Shaped Hardware Device Called ‘Coolwallet’

  

Cryptocurrency enthusiasts take security and storage seriously, and there are a bunch of different hardware solutions out there. One startup has released a different kind of digital asset hardware wallet that is the same size and shape as a credit card. Due to the design of the new ‘Coolwallet S,’ the wallet can be hidden very easily alongside the option of being carried effortlessly in your back pocket.

Also read: Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by Banking

The Credit Card Size and Shaped Coolwallet S Cryptocurrency Hardware Wallet

Coolbitx is a Taiwanese financial-tech company founded by Michael Ou in 2014 that creates digital asset hardware wallets as well as smart contract development platforms. Back then the wallet creators started an Indiegogo campaign featuring the credit card shaped hardware wallet that allowed the secure storage of bitcoin private keys. During the Indiegogo campaign, the team raised $21,686 USD through 184 backers, 108 percent of their goal. Moreover, the startup Coolbitx is backed by firms such as Bitmain Technologies, SBI Holdings, Kyber Capital, Midana Capital, and more.

The Coolwallet S specs. Basically, the Coolwallet S is the size of a traditional credit card at roughly 85.60 × 53.98 mm with rounded corners. It has a display on the upper left side which shows the wallet’s data like sending and balances. The creators of the Coolwallet S device claim that cryptocurrencies are held in an isolated offline environment and the card’s tactile button ensures an owner’s two-factor authentication process. The Coolwallet S holds five popular digital assets such as Ethereum (ETH), Bitcoin Core (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and an assortment of ERC-20 tokens.

What you get for $189 USD. Coolwallet is NFC & Bluetooth Compatible and Also Works With Mobile Phones

The wallet developers have made the card flexible, waterproof, and fire resistant as well. The Coolwallet S syncs data via encrypted Bluetooth technology and its NFC (Near Field Communication) charger powers the device with its own power dock. Moreover, the new Coolwallet S can be tethered to a mobile application for Android and iOS devices.

“Keep it private, keep it safe, keep it Cool,” says the Coolbitx developers.

  

Have total, end-to-end control over your cryptocurrency with an EAL5+ certified Secure Element microchip on a tamper-proof physical device.

  

The Coolwallet S is a bit more expensive compared to other hardware wallets on the market like Keepkey, Digital Bitbox, Trezor, and Ledger. The Coolwallet S costs $189 but users can purchase a ‘Duo’ package for $299. One thing we noticed when proceeding to the checkout is the wallet has to be purchased with a credit card, as there was no option to pay for this product with a cryptocurrency. This post will be followed up with a step-by-step review of the Coolwallet S as soon as our device arrives.

What do you think about the Coolwallet S hardware wallet? Let us know what you think about this device in the comments below.

Disclaimer: Bitcoin.com does not endorse this product/service. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images via the Coolwallet.io website and Pixabay.

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Apple's iOS Will Reportedly Soon Have a Feature That Locks Down USB Data Access After a Week

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#Apple'SIOSWillReportedlySoonHaveAFeatureThatLocksDownUSBDataAccessAfterAWeek, #LatestTechnologyNews, #TechnologyNewsHeadlines, #TechnologyNewsToday, #TechnologyNewsUSA

Apple’s iOS Will Reportedly Soon Have a Feature That Locks Down USB Data Access After a Week

Apple’s latest move in its ongoing war of words with the FBI, National Security Agency, and other intelligence and law enforcement agencies over encryption is a feature that turns off USB data a...

Hi everyone,

 

It's been a long time since I've build (And uploaded) something worthy!

 

Hereby my version of the Bioshock infinite security zeppelin.

 

'Security Zeppelins are large airships appearing in BioShock Infinite. They are used by the Founders and the Vox Populi to bombard targets on the ground, as well as to establish local air superiority by attacking other airships. Unlike the ubiquitous Gunships, they are rarely seen around Columbia, and appear to utilize a combination of real world technologies to achieve flight and locomotion.

Inspiration taken by this: media.washtimes.com/media/image/2013/04/01/bioshock-zeppe...

 

There's definitely more bioshock to expect from me in the upcoming months, So stay tuned! :)

 

- Stijn

Android’s trust problem isn’t getting better

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#Android’STrustProblemIsn’TGettingBetter, #LatestTechnologyNews, #TechnologyNewsHeadlines, #TechnologyNewsToday, #TechnologyNewsUSA

Android’s trust problem isn’t getting better

Published today, a two-year study of Android security updates has revealed a distressing gap between the software patches Android companies claim to have on their devices and the ones they actually have. Your phone’s manufacturer may be lying to ...

Processed by: mavenimagery Labs Inc. Los Angeles, California.

HDR PROCESSED with IRET (Iris Range Enhancement Technology)

IRET (Iris Range Enhancement Technology and MavenFilters are products of mavenimagery Labs Innovation)

Copyright 2012 by mavenimagery Labs Inc. All rights reserved.

This material may not be published, broadcast, rewritten or redistributed. For private, editorial or commercial use contact mavenimagery. Maven's note: A different angle/exposure of this image has been used (stolen) by unnamed but shamed (if a resolution has not been reached the name of the auto magazine will be exposed) without the permission of mavenimagery. The image may be deleted and will upload with a watermark. I do apologize for the inconvenience this may cause.

-Maven

 

This go out to B. Obama, Hilary Clinton

And everybody else who feels like uh

They stronger than the constitution

Freedom of speech big baby

Freedom of speech

I lowered the volume of Tupac's Don't Stop song streaming from the Bose speakers.

On Tom's screen: Obama says he won't release bin Laden death photo.Given the graphic nature of these photos, it would create some national security risk...

 

How is this for bullshit? I knew it! When the news of 'Osama Killed' hit the American people and the rest of the world, my answer was this: I'll decide after I see how the body is handled. No Houdini or David Copperfield stunts, then maybe, just a little maybe. All along, I knew from [......] that they could've gotten him two years ago, three years ago or even five years...

 

Tom? I voice.

Yees, Maven, with a hint of irony his mechanic voice.

Dial the White House?

Come again, Maven?

You heard me

Are you sure?

Why not? It's not like I'm calling God via Nokia or Jesus via the Church. I want to talk to the Hawaiian-Jolly-fella- President of the United States. I want to congratulate the 'Dude' who ordered the operation and gave the special team, which I don't think they were, like, really special, who took out an over 60 years old-not-so-Mighty Python. Am I asking too much? I'm just using my constitutional l rights. Freedom of speech big baby

Freedom of speech

Very well, Maven.

Dial tone.

Chinese Menu:

If you want to blah blaah press 1

If you want to blaah blaah press 2

Stop. Just keep dialing 0 and every time you’re offered an option press 0, which will finally get a humanoid to answer.

Three minutes later.

This is the White House, comes a rehearsed female voice. My names Hilary. How can I help you?

Hilary-Hilarious Clinton?

No, sir. Just Hillary, the secretary.

Oh, Okay.

What can I do for you, sir?

No Jesus Turd! How about connecting me to the ‘Dude of The Moment’?

Beg your pardon, sir?

That won’t be necessary. Let’s not waste our precious time begging and apologizing, shall we?

Certainly, sir.

Excellent. You’re a genuine person Hilary—‘

Thank you, sir. But—‘

Hey, I’m not a politician. I say what I mean. Now, please connect me with Obama. My President

You mean, Mr President Barack Obama?

Yes, dear. That’s my man…man of the hour.

But, sir?

Hilary?

Yes, sir?

Do not, I repeat, do not tell me I can’t speak to the President of the United States. I didn’t ask to speak with Omar Gaddafi. Constutinional Rights Hilary. Every citizen of the United States has the right to speak to the President. And here I'm, Hilary, a fellow citizen—‘

Can I keep you on hold for a few seconds please?

Sure, no problem, Hilary.

Thank you, sir. I need your name—‘

Sir Isaac Newton, Jr. or Gilbert Einstein, Jr. Same difference. The drones, CIA, and NSA, they're already listening and they know who is on the line. The President, please.

A moment later.

Hello, came the unmistakable voice of the President Barack Whatever of the United States.

Hello?

Good morning, Mr President?

Good morning. Whom I'm speaking to?

Save Day light time, I say firmly. Dude, you know who is calling…but that’s beside the point.

So, what’s your point, sir?

My point is, Mr President-slash-Barack-slash-Hussein-Obama, is that I was working on image and I would’ve liked to use one of the images taken during the operation of which you ordered and ended so-called successfully; Osama is killed—‘

What is it that you want, Mr Maven?

A single-original picture of Bin Laden that shows the moment he’s been taken out.

What for, if I may ask?

Just a composite image where the corps of Bin Laden driving a Ferrari Enzo 70, titled The Last Drive of The Devil

I'm afraid that information currently is not available, sir.

I glance at the clock in the dashboard, aware of the time allocated to speak to the President. Twenty seconds count down.

Freedom of speech Big Brother Freedom of speech!

Fifteen seconds...

The world watched Saddam's neck snap...

Ten seconds...

Do I have to wait *seventy-five years to get to see that image or to find out there is no...Dude, you're making a big mistake. How about the dummy burial at sea--'

We're disconnected, says Tom.

It's Okay, Tom. I'll tell you some serious shit later so that you store and learn...

 

*Every 75 years al classified, Top-Secrets and other sensitive documents will be open to public in United States. In 2035, we'll know who killed JFK. Of course, by then, everyone that was involved would be dead.

More to come...

        

Apple's iOS Will Reportedly Soon Have a Feature That Locks Down USB Data Access After a Week

www.biphoo.com/bipnews/technology/apples-ios-will-reporte...

www.biphoo.com/bipnews/wp-content/uploads/2018/05/apples-...

#Apple'SIOSWillReportedlySoonHaveAFeatureThatLocksDownUSBDataAccessAfterAWeek, #LatestTechnologyNews, #TechnologyNewsHeadlines, #TechnologyNewsToday, #TechnologyNewsUSA

Apple’s iOS Will Reportedly Soon Have a Feature That Locks Down USB Data Access After a Week

Apple’s latest move in its ongoing war of words with the FBI, National Security Agency, and other intelligence and law enforcement agencies over encryption is a feature that turns off USB data a...

Android’s trust problem isn’t getting better

www.biphoo.com/bipnews/technology/androids-trust-problem-...

www.biphoo.com/bipnews/wp-content/uploads/2018/04/android...

#Android’STrustProblemIsn’TGettingBetter, #LatestTechnologyNews, #TechnologyNewsHeadlines, #TechnologyNewsToday, #TechnologyNewsUSA

Android’s trust problem isn’t getting better

Published today, a two-year study of Android security updates has revealed a distressing gap between the software patches Android companies claim to have on their devices and the ones they actually have. Your phone’s manufacturer may be lying to ...

To control Information Technology (IT) costs we think about and act within the enterprise as a whole, in part because we sell enterprise and mid-level solutions. We apply an Enterprise Architecture (EA) strategy which at the top level is comprised of infrastructure and communication considerations. This is not just about technical infrastructure, defined or designed by IT, because it is highly likely that such individual solutions (one offs) will not align to core business strategies (vertical needs verses horizontal needs spanning the whole company).

 

It is not really possible to do this, that is consider the entire company's needs, without significant participation by the business for which we use terms such as Solution Delivery or Product Management. Product and program managers from a solution delivery framework gather information, report back to the business, and return to apply the business strategies to align with short, medium, and especially long term business goals.

 

This business and implementation strategy focus is a change agent, to reduce siloed thinking, and achieve more horizontal capability across units. We reduce multiple applications, which take time to manage and maintain, and where it makes sense, fold them into one. Because we take security and privacy of our customers very seriously, any applications which may be at risk have been identified and are brought up into our standards. The process of combining risk management goals, application and data reduction streams saves money, although the process of so much change at once can be stressful at the unit, project, and personal levels.

 

We seek to empower self-service among our partners, customers and employees, for access to all kinds of information they need, and internally reduce redundant data stores, for example referring to customers by one identifier if possible. This is especially challenging in our partner relationships with multiple data stores that contain similar information about customers which are identified in completely different ways. This is the reason for serious data modeling and tight or loose coupling where needed – to retrieve and move information back to the partner systems. We leverage Microsoft software, and then buy, build, minimize or reuse existing systems.

 

In order to be more successful in our efforts to control IT costs we strive to increase flexibility among existing staff and provide rewards for strategic thinking – this strategic thinking aligns along company-wide goals. We need people with the right skills who work in efficient methods, only including the people who need to be included to make decisions or act. In fact we need to change confrontational and passive aggressive behaviors internally to collaborative personality styles – changing the organizations culture is doable but difficult. For more information I recommend reading "The Heart of Change" by Kotter and Cohen.

 

The technologies we invest in to help control IT costs are our own. We custom write stuff served up on Microsoft servers and plan to use SharePoint as the UI for our new change request tool. We are substantially reducing and eliminating the number of different applications (SQL stored procedures or XML Blobs mostly) we use and maintain on a daily basis. We are moving from C++ to C#/.NET (C Sharp and .Net technologies).

 

We use Microsoft software as our strategy to control IT costs - it is easy to manage, and has great support. Some team members keep an eye on relevant Open Source software as competitive analysis.

 

Our company is getting the maximum value from its data center investment because we have not invested to the level we need for our infrastructure. We expect to remediate this lack of investment after deploying skilled, thoughtful product managers with the right combination of education and practical experience to assist in this effort through the next couple of years.

 

What is our organization doing to maximize the value from its data center investment? In addition to the other things mentioned we outsource development and support to India, Israel, and developing countries, etc. We also are making use of tax advantaged locations for large savings in transactions.

 

We are adding metrics and measurements by which we evaluate not just personal progress but internal and external customer satisfaction with our IT initiatives on a project by project basis to self-improve.

 

The practices which enable us to maximize value from our IT investment are varied and multifaceted. To maximize ongoing investment we are adding solution delivery strategies, planning ahead, and aligning IT with company-wide goals. Of course in our space we have some unique issues, and as a public company even more so. One thing that may surprise you is some of our projects we do end to end locally because of how critical success is. We leverage our best, most successful local managers to produce projects and design larger scale solutions if we determine it is the best strategy – so in this way we are flexible – we don't just out source everything.

 

We are in the process of reducing the number of applications we need to maintain, and where it is appropriate fold one into another so long as the user interface or back ends do not become unmanageable. We are making over our change request platform from top to bottom which we feel will enable quicker turnarounds on change requests – it is both loosely and tightly coupled where it needs to be. For the presentation layer we choose Microsoft SharePoint.

 

Conversely, what factors are inhibiting our organization from reaping the maximum value from its data center investments? The factors inhibiting the maximum value include a lack of foresight in strategic planning for long term goals –

 

1. Putting temporary things together to just meet immediate needs.

 

2. Focusing on small details and not seeing the big picture.

 

3. Lack of metrics to evaluate progress, process, and client / customer / partner success.

 

4. Unwillingness of team members to change or promote change even when it is in their and the companies' best interest.

 

5. Having too many data centers, identifying customers in too many ways.

 

How important is productivity within the IT function in our efforts to control IT costs and maximize our data center investment? Functionality, capacity, and reliability far outstrip productivity, but that is only because we have already hit very high productivity goals and exceeded them. Here are some of the metrics we examine:

 

Metrics

 

Percentage of project budgeted costs

Scope requirements

Total cost of ownership

Traceability

Defects rate (sev1, sev2, sev3 bugs - zero tolerance for sev1)

Completed requirements

Customer satisfaction scores (cust sats)

Schedule slippage

Flexibility of management styles

End-to-end throughput time per client-side user request

System extensibility

Scalability

Maintainability

Defects per thousand lines of code (KLOC or by function)

Support functionality and documentation availability, and completeness prior to launch

Rates of failure

Restoration (emergency)

Availability

Test effectiveness

Business acceptance

System acceptance (signoff)

Average turn around time for service and change requests

Number of security or privacy defects (last two should be zero tolerance in launch candidates)

Number of post freeze change requests

Among the mandatory metrics used are peer review effectiveness of code, and post mortems and overall customer satisfaction. In other words we do not consider just ontime delivery of products, enhancements, or new functionality.

 

What is our organization doing to improve productivity within its IT function?

Getting the right people – some people grew with us or came to us with deep knowledge from the school of hard knocks – work experience – we seek to capture the most knowledgeable and either increase their education or find those with both practical work experience and advanced degrees. Good thing this is Seattle with its heavily educated population. New programs at the university level such as Informatics and Information Management are producing the people we need – not just MBAs or Master of Comp Sci - because so much of our development work we outsource to India and developing countries, and IT is not traditionally closely aligned with marketing or sales. We do outsource much of the development work as is possible.

 

The undergrad Informatics and Master of Science in Information Management programs at the University of Washington are housed in Mary Gates' Hall, renovated and named in honor of Bill Gate's late mother, it's headed by Mike Crandall (Dublin Core, Microsoft, Boeing). So you can see this is the direction we are going regionally, because that is where the spend is. Another great information school is at the University of California at Berkeley, housed in one of the oldest and most architecturally beautiful collegiate buildings on the west coast, South Hall. On the physical level all Berkeley had to do is add wireless. Excellent academics such as the seminal thinker Dr Michael Buckland are there at Berkeley, and business leaders such as Mitch Kapor. Industry wide I think iSchools are having an effect, adding a more well rounded, even playful culture to high tech operations.

 

Improving and opening the culture is important. Having a shared lexicon is one of the benefits of educated people; those with MSIM (master of science in information management), Informatics, technical MBA degrees can comunicate effectively with highly technical people - this can produce enormous savings and long term cost benefits. Increased, clear, enthusiastic communication saves IT costs.

 

In strategy meetings, for example, we often include Enterprise Architects to assist in stack ranking program and project development, because this helps reduce redundant systems.

 

Our organization's ability to measure the return on investment (ROI) or success of its IT investments is “Fair but mixed,” we want ROI to be easily measureable and this means evaluating the correct things, asking the right questions in the first place, not following other organizations techniques, although we examine them as examples.

 

We are adding ways to evaluate our ROI – we do use business analysis methods. There is always an identifiable way to analyze and measure the relationship of what something costs even if it appears intangible such as Brand protection.

 

Considering the strategic and tactical stuff we are doing, at the core, creativity is what drives our success. Creativity is always a very difficult thing to measure. In fact it could be said that if you try, you are barking up the wrong tree. However creative thinking around practical goals has provided us success. This is where the ideas around flexibility and being very responsive come to play.

 

We have found very very high ROI around outsourced projects because they must be clearly defined within the Software Development Lifecycle (SDLC) and Sarbanes-Oxley Act of 2002 (SOX) compliance.

 

Those people who actually think out of the box are oftentimes not recognized by co-workers and management. Change is perceived as negative among full time staff. We seek to show support for both full time employees and consultants, and change this view and enhance their ability to communicate ideas. That is why our management keeps an open door policy. Unfortunately like any other policies the hazard is that individual managers must believe in our policies around openness and creativity; such self-selecting polices are impossible to enforce.

 

Our organization uses balanced scorecards, Six Sigma and other types of internally derived quantitative value measurement methods to measure the ROI or success of our IT investments.

 

The continued use of these methods we expect will substantially improve the management and measurement of our IT investments. Some of the metrics are at the discretion of the product or program manager, others are mandatory. In part we have some success- at issue is adopting metrics and measurement as well as Enterprise Architecture and engaging with open arms increased strategic thinking and planning.

 

Senior management must come together and present a unified strategy for the entire company – which is a top down management style but it must be embraced from the bottom up. This is within a framework of enforced change as we seek to achieve excellence in all of our business units, especially in core infrastructure – those units which either produce money, or cost money. Some of our key investments we know are lost leaders, but other research will more than make up for those. Enforced change in this context means business units receive minimum budget until they comply.

 

We are still feeling the effects of the changes the Web brings in enterprise directly and for our customers; we continue to learn from the effects of communities and communication via the Web. The opportunities for growth are so enormous that it is all the more important that we curb spending where it is not required and apply it as much as possible to grow in creative arenas which still have huge untapped profit potential. It is not just about money, among hard core technologists – those who really love it – money is secondary in many ways - it’s about the fun stuff technology can bring as well as the benefit to serve humanity that technology brings.

 

High tech, information technology, and software development have made some strides to maturity but we are still learning new things; it will be a learning industry, discovering and inventing stuff for a long time to come.

 

p.s.

Enforced Change is a radically different challenge, and promises different ways of looking at human-to-human, individual-to-corporation, corporate-to-corporate, human-to- computer interactions, etc, which I plan to cover in future articles, so stay tuned!

  

China Has Found 421 Fake Cryptocurrencies

  

A Chinese government-backed industry organization has published a report on fake cryptocurrencies. As of April, its monitoring platform has found 421 fake cryptocurrencies, 60% of which are deployed overseas. The Committee has also outlined major red...

Also Read: How to Earn Free Presearch Token Daily

 

China Has Found 421 Fake Cryptocurrencies

  

A Chinese government-backed industry organization has published a report on fake cryptocurrencies. As of April, its monitoring platform has found 421 fake cryptocurrencies, 60% of which are deployed overseas. The Committee has also outlined major red flags of these cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

421 Fake Cryptocurrencies

The National Committee of Experts on the Internet Financial Security Technology (IFCERT), a Chinese government-backed industry organization, published the results of its analysis on fake cryptocurrencies on Friday.

Citing that “In recent years, virtual currencies represented by bitcoin, litecoin, ethereum, etc. have received continuous attention,” IFCERT pointed out that “some criminals are engaged in financial fraud or pyramid schemes under the cover of virtual currency.” The Committee added that fake cryptocurrencies frequently appear, “causing investors to suffer major losses.”

IFCERT’s National Internet Financial Risk Analysis Technology Platform continuously monitors fake cryptos, the Committee detailed, elaborating:

  

As of April 2018, the technology platform has found 421 fake virtual currencies, of which more than 60% of fake virtual currency website servers are deployed overseas. Such platforms are difficult to find and difficult to track.

  

The Red Flags

The Committee outlined some major red flags of these fake cryptocurrencies. Firstly, they adopt “pyramid-based” business models, claiming that their cryptocurrencies will generate high returns.

Secondly, they have no real code, IFCERT described, noting that they either do not have a blockchain or cannot generate blocks for one.

Thirdly, they will not be traded on legitimate cryptocurrency exchanges, “so they often trade on over-the-counter or proprietary exchanges,” the report detailed, adding that:

  

There is a phenomenon that prices [on these platforms] are highly controlled by institutions or individuals, which tends to cause the illusion of rapid price increase. However, users often cannot conduct transactions or withdraw cash.

  

IFCERT emphasized that fake cryptocurrencies have no value and are illegal, asserting that “Many of these platforms do not have business premises and business information, and servers are often deployed overseas,” so it will be difficult to recoup any losses for victims.

271 Fake ICOs

On Thursday, the Wall Street Journal independently published its finding after a review of documents produced for 1,450 initial coin offerings (ICOs). The publication “has found 271 with red flags that include plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams.”

Investors have poured more than $1 billion into these 271 ICOs, the publication detailed, adding that “some of the firms are still raising funds, while others have shut down. Investors have so far claimed losses of up to $273 million in these projects, according to lawsuits and regulatory actions.”

Do you think there are many more fake cryptocurrencies? Let us know in the comments section below.

Images courtesy of Shutterstock and IFCERT.

Need to calculate your bitcoin holdings? Check our tools section.

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Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASICs

  

In today’s Bitcoin in Brief we are covering a number of stories related to China. According to statements by Chinese officials, the People’s Republic is developing a national standard for blockchain tec...

Also Read: How to Buy Bitcoin With Credit Card (Using Visa or Master Card)

 

Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASICs

  

In today’s Bitcoin in Brief we are covering a number of stories related to China. According to statements by Chinese officials, the People’s Republic is developing a national standard for blockchain technologies, which should be introduced next year. Also, the Zcash Foundation is taking steps to protect the network of the privacy coin from ASIC-based mining. Chinese giant Bitmain has recently launched its Antminer Z9 Mini designed to process transactions for cryptos like Zcash, which use the Equihash algorithm.

Also read: Bitcoin in Brief Thursday: Bitcoin Supporter Might Be Next NY Attorney General

China Preparing National Blockchain Standard

Chinese authorities are working to develop a national standard for blockchain technologies and applications. The new system should be completed and introduced by the end of 2019, according to reports by state-controlled media in the People’s Republic.

A national standard plan for blockchain is under preparation and respective departments will set up a national blockchain and distributed Accounting Technology Standardization Committee said Li Ming, director of the Blockchain Research Office at the Electronic Industry Standards Research Institute of the Ministry of Industry and Information Technology. Li Ming told the Economic Information Daily that the national blockchain standard will include basic standards, business and application standards, process and method standards, credible and interoperable standards, and information security standards. He also added that the scope of its applicability will be expanded in the future.

According to a recent statement by Yu Kequn, director of the National Center for Information Technology Security Research, “The development of blockchain technology may become an important step for China to grasp the global technological competition.” Yu Kequn also noted that blockchain technology is a new integrated application of distributed data storage, peer-to-peer transmission, consensus mechanisms, and encryption algorithms. “It has the characteristics of decentralization, openness, tamper resistance, and anonymity,” the official pointed out and added: “It can be applied in the production, management, and transaction chains, and it will bring the entire life cycle of restructuring to different areas, so that it can be managed and traceable.”

Iceland’s Missing Mining Rigs May Have Been Found in China

The mining equipment which was stolen from data centers in Iceland several months ago might have reached China, according to media reports from the Nordic nation, which has attracted crypto miners with cheap energy and favorable conditions. At least 600 computers, graphics cards, motherboards, processors, and other hardware, worth an estimated $2 million, disappeared in a series of burglaries in December and January. Last month, Chinese authorities conducted a raid on a crypto mining farm in the city of Tianjin. According to local media, police have confiscated 600 computers used to mine cryptocurrency in the illegal facility.

 

The suspected organizer of the heist in Iceland, Sindri Thor Stefansson, fled to Sweden after escaping from a low security prison in his country. He was recently arrested in Amsterdam and is now awaiting extradition to Iceland, where he is going to face trial. The ongoing investigation and the court proceedings are expected to establish the facts and circumstances surrounding one of the biggest burglaries in Iceland’s history. Tracing the stolen mining equipment is a priority for authorities trying to get to the bottom of this case. Their findings should prove or dismiss the media speculation around the possible connection between the two incidents.

Zcash Opposes ASIC-Based Mining after Chinese Giant Launches Equihash Miner

Developers of Zcash have stated that the struggle against ASIC-supported mining is a priority. They have indicated their opposition after the launch of a new application specific circuit designed to process transactions for the privacy coin. Zencash, a Zcash fork, has also announced plans to potentially change its algorithm for the same reason. Earlier in May, the Chinese mining giant Bitmain revealed the upcoming release of a new device that will be capable of working with the Equihash algorithm, which was itself introduced to prevent ASIC mining and is used by Zcash and other cryptos. ASICs were initially developed to mine mainly bitcoin. The highly specialized hardware is capable of handling the enormous number of calculations involved in the processing of its transactions.

Bitmain has a track record of successfully overcoming ASIC-resistant algorithms. The mining equipment producer has already developed powerful miners for many cryptocurrencies whose developers have tried to stop the centralization of hashing power. These include miners for the algorithms Ethash, used by the Ethereum network, and Cryptonight, used by Monero. The new Antminer Z9 Mini, developed to mine Zcash, Zencash, and others, offers a hashrate of 10k Sol/s. It was expected to hit the market in June, but according to the manufacturer, it can be ordered now. “To prevent hoarding and to let more individuals worldwide get one, we’ve set a limit of one miner per user,” Bitmain said in a tweet.

 

The management of the Zcash Foundation has decided to allocate resources to study the influence of ASIC mining on the network. An advisory council will be convened to provide a “scientifically grounded answer” to the problem. The team behind Zcash, however, may be forced to fight a war on two fronts, after researchers from the University College London recently found a vulnerability in the crypto’s algorithms. They believe that certain patterns in Zcash transactions significantly weaken its anonymity. The claim is that when the cryptocurrency is transferred from unprotected to protected addresses and then back again, the overall level of anonymity decreases significantly.

Student Leaves China after Losing on Crypto Investments

A Chinese college student has reportedly lost a small fortune by local standards due to unwise crypto investments and has already left the country in search of better opportunities to compensate the losses. Liu Ke, a sophomore in his twenties, used all his money to buy cryptocurrency, mostly aircoins, when markets were going up towards the end of last year. When cryptos were hitting their all-time highs, he spent a total of 140,000 yuan (~$23,000), including amounts he borrowed from online micro loan platforms like Alipay and Baidu. He even “invested” the money for his tuition fees. Liu Ke told the local outlet 8btc that he now lives and works in the Cambodian coastal resort Sihanoukville, where he hopes to earn more money to cover his debts.

What are your thoughts on today’s stories in Bitcoin in Brief? Let us know in the comments section below.

Images courtesy of Shutterstock, Yarcube, Wikipedia.

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The post Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASICs appeared first on Bitcoin News.

 

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Microsoft releases new Windows 10 preview with snipping, Sets, Fluent, security, and gaming improvements

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Microsoft releases new Windows 10 preview with snipping, Sets, Fluent, security, and gaming improvements

Microsoft today released a new Windows 10 preview for PCs with snipping, Sets, Fluent Design, security, Focus assist while gaming, sound, language, and HEIC improvements. This build is from...

Android’s trust problem isn’t getting better

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Android’s trust problem isn’t getting better

Published today, a two-year study of Android security updates has revealed a distressing gap between the software patches Android companies claim to have on their devices and the ones they actually have. Your phone’s manufacturer may be lying to ...

Edited By Angelica~

 

The Five Types of Jinn

The Five Types of Jinn and Their Threat to Your Digital Security

divides sentient beings into three categories. In order of creation, they are: the angels (malayka), the hidden ones (jinn), and humankind (nas or banu adam). Angels are made out of light, jinn out of fire, men out of earth (sometimes translated as mud or clay). Angels are considered neither male nor female and have no free will. Jinn, like humans, are gendered, and have free will. (This is why, in Islamic thought, Satan is a jinn, not an angel; it would be impossible for an angel to disobey the will of God.) Jinn may be benevolent, evil, or neutral, but are generally regarded as less trustworthy and more prone to trickery than people, even if they are benign. In addition to the types of jinn mentioned here, there are many lesser varieties of jinn that appear in local legends that vary from place to place. For example, in Egypt, there are thought to be female jinn who inhabit the canals and tributaries of the Nile and lure men to their deaths, much like sirens, but they don’t appear elsewhere in the Arab world.

 

Types of Jinn

      

MARID (pronounced MAA–rid)

Large and imposing, the marid are considered the most powerful tribe of jinn. They are the classic genies of folklore, often portrayed as barrelchested men with booming voices.

Originally sea-spirits, they are often associated with water, and thought to take sanctuary in the open ocean. While marid are very powerful, they are not technically minded and therefore unlikely to infect your hard drive. However, there is at least one known case of a marid being imprisoned in a flash drive and doing quite a lot of damage to the operating system, attempting to free itself. Please be aware when opening any unfamiliar attachments and if any of your computer’s peripherals exhibit a telltale blue-gray cast, please disconnect from your machine and take them to a qualified technician.

          

EFFRIT

(pronounced eff–FREET)

Intelligent and cunning, the effrit are thought to live in complex societies similar to those of humans. They are said to prefer caves and under ground dwellings. Though ostensibly demonic, they are portrayed as changeable in nature, and capable of becoming pious and good. In the Quran, King Solomon is said to have had power over a tribe of effrit, who performed various tasks for him.

 

Effrit are the greatest risk for phishing scams and online privacy violations, as they are natural schemers and also understand human personality and social interaction the best. It is thought that quite a few effrit amuse themselves sending Facebook messages to attractive potential mates using the profiles of call center employees and programmers in India, the Middle East, and the Philippines, who are bewildered by the response. More seriously, however, some effrit have the capability of writing code themselves, and it is thought that the Conficker worm, which infected some fifty million computers worldwide, may have been written by a group combining effrit and human members. Effrit are not to be taken lightly, but they can only be guarded against by the standard information safety protocols used with human threats—be wary of unverified interlocutors and executable content, and if your system slows or behaves oddly, conduct a thorough scan or contact your IT professional.

    

GHOUL

(Arabic pronunciation uses a guttural gg sound somewhere

between an English G and a French R)

 

This tribe of jinn has traveled north and west to become a common English- language term for “undead monster.” This is pretty close to its original Arabic connotation; ghouls are thought to be zombie-like jinn who haunt graveyards and prey on human flesh. They are strictly demonic and incapable of goodness. Often portrayed as nocturnal. Given their limited intelligence, ghouls are low risk in the information technology world—but you really don’t want to run into one in a dark alley.

              

SILA

Talented shape-shifters who are more tolerant of human society than other tribes of jinn, sila are most often portrayed as female. Thought to be extremely intelligent, sila are nonetheless the most rarely seen of all the types of jinn, and appear only sporadically in folklore. There is speculation that the term sila might be related to seelie, a Middle English word for “a good faerie.” (This would make sense, as sila does not appear to correspond to an Arabic root pattern.) Sila are extremely rare, both on- and off-line, and while they are intelligent and comfortable crossing back and forth between realms seen and unseen/human and jinn, by their nature they do not usually set out to harm or trick humans. Sila are, however, fond of meddling in an attempt to help. That Livejournal community member who intervened when you got overinvolved with that troll in the George R.R. Martin community?

 

Possibly a sila

VETALA

 

The original vampires, vetala are semi-malevolent spirits from ancient Indian folklore. They can possess human corpses and prevent them from decaying, and in so doing trick human beings into believing the vetala is an ordinary person. However, vetala can also change shape at will. They are thought to be natural psychics, able to foretell the future and gain insight into the past, as well as read the thoughts of others. The most famous vetala appears in “The Vampire and King Vikram,” a set of stories from the Baital Pachisi. Vetala are quite rare, and while they are certainly intelligent enough to threaten your computer, their superior mental and psychic abilities make technology somewhat irrelevant to their needs. To the extent you are likely to encounter a vetala online, it is likely posing brain-twisting rhetorical questions that keep you on a messageboard well past your bedtime.

 

Always remember that the unseen can take on disproportionate power —which goes for genies and online demagogues in equal measure. If your blood pressure rises, step away from the computer and make a cup of tea. Vetala are also extremely fond of Words With Friends—they are excellent players and lots of fun to engage with, even if their superior skill may prove frustrating.

   

Information technology specialists have been working for some time to identify and profile the unique online habits of jinn, in order to better protect human users. However, after the disastrous outcome of the Tin Sari program, there is a general consensus that the likelihood of abuse of this program to target benevolent jinn is too great a risk. Until a better solution presents itself, surf carefully, and if you believe your computer has been attacked by jinn, contact your IT professional.

  

And....

 

Paranormal Energy:

   

Unusual electromagnetic field effects are often observed in association with reported paranormal activity. Two leading theories offer conflicting explanations for the nature of this EMF-Paranormal association. Go Beyond Now suggests a third model, a synthesis of the two mainstream theories. We believe that observation and analysis of the anomalous electromagnetic effects associated with paranormal activity can provide some of the most useful and scientifically credible evidence to help researchers establish the true nature of that mysterious something we call the paranormal.

 

J. Hale

 

Part 1 - The Theories:

 

Theory 1:

 

Paranormal energy forms interact with electrical circuits, electronic devices, and living organisms in ways that suggest a strong electromagnetic field is sometimes associated with paranormal activity.

 

We'll call this "The Electromagnetic Model" of paranormal energy. We've all heard reports of ghostly activity where lamps flicker, TV sets turn themselves on and off, mysterious voices and sounds come through radio and stereo speakers, etc. Since light is also a form of electromagnetic radiation, paranormal researchers could argue that all visual sightings, including the appearance of "orbs" and other mystery objects in photographs, should also be classified as electromagnetic. And let's not forget about EVP which, by definition, is electronic in nature.

 

Click any image below to learn more

     

The Electric and Magnetic

Components of an EM Wave

Move at 90° Angles to Each Other

 

Theory 2:

 

EMF radiation can influence the human brain's bio-electrical processes in ways that stimulate subjective experiences which are mistakenly perceived as external events by the person exposed to the EMF radiation.

 

We will call this the "Persinger Model" after Dr. Michael Persinger, the Canadian neuroscientist who has attained pop status in certain circles for his famous lab experiments in which the brains of test subjects were exposed to concentrated pulses from electromagnets mounted on a motorcycle helmet. The Persinger Model suggests that unusual but explainable factors such as electrical effects from natural events like earthquakes, volcanic eruptions, solar flares, etc., or even the man-made sources of electromagnetic radiation so common in our modern environment are, in reality, the true stimuli responsible for reports of paranormal activity.

     

Dr. Persinger's

Paranormal Helmet

 

Theory 3:

 

Free-roaming discrete electromagnetic energy forms exist which are capable of interacting with other electromagnetic systems, they are capable of producing certain physical effects, and they are also capable of influencing human cognitive processes.

 

This is the proposed "Go Beyond Now Model". Based on the wide variety of historical background reports concerning paranormal activity, our model assumes that discrete paranormal energy forms do exist, they can sometimes be visually observed or photographed, and, from time to time, their presence can be deduced by the occurrence of otherwise unexplainable physical events.

 

Thus, unlike the Persinger Model, our proposal accepts the reality of an ephemeral and as-yet-unknown-to-science energy form that can interact with the natural world and produce real-world effects. Also, with support from Persinger's own experimental observations, we further propose that:

 

These paranormal energy forms are capable of influencing human brainwave activity in such ways that they can literally "impose" thoughts and "artificial perceptions" directly into our minds. This ability to, in effect, bypass the normal channels of sensory input (eyes, ears, etc.) can cause people to perceive or to simply "remember" things that are not real in the normal objective sense. However, such perceptions and false memories do have an external causal basis, they are not merely hallucinatory-type experiences.

   

Energy Form X

    

Apple's iOS Will Reportedly Soon Have a Feature That Locks Down USB Data Access After a Week

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Apple’s iOS Will Reportedly Soon Have a Feature That Locks Down USB Data Access After a Week

Apple’s latest move in its ongoing war of words with the FBI, National Security Agency, and other intelligence and law enforcement agencies over encryption is a feature that turns off USB data a...

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Rivetz and Telefónica Come Together to Develop Blockchain-Based Security for Mobile

  

Rivetz and Telefónica have begun collaboration to develop cutting edge mobile security protocols for blockchain transactions and messaging. Their solution leverages dual encryption using both the Trusted E...

Also Read: How to Earn Free Presearch Token Daily

 

Rivetz and Telefónica Come Together to Develop Blockchain-Based Security for Mobile

  

Rivetz and Telefónica have begun collaboration to develop cutting edge mobile security protocols for blockchain transactions and messaging. Their solution leverages dual encryption using both the Trusted Execution Environment (TEE) built into billions of smartphones and the advanced encryption SIMs deployed by Telefónica. Dual encryption through the TEE and the SIM provides multiple layers of security to provide world-class hardware-based security for mobile users.

The collaboration will explore how to deliver a new, decentralized model for enhanced security and data controls, improving consumer applications that include secure messaging and cryptocurrency wallets. Rivetz and Telefónica will further explore new business models to simplify and automate backup and recovery and existing user identity information by enabling millions of endpoints to tap into already existing – but unused – mobile hardware security.

“Trusted computing technologies are not an end by themselves, but are an opportunity to improve mobile users’ security, providing a research and innovation framework in the context of cybersecurity,” said Sergio de los Santos, head of the Discovery and Innovation Lab at Telefónica – ElevenPaths.

The global rise of blockchain projects and IoT requires a decentralized cybersecurity model, and this collaboration will combine Telefónica’s advanced network security services through its cybersecurity unit, ElevenPaths, with Rivetz’s trusted computing and blockchain-based solutions to provide state-of-the-art cybersecurity protections.

The partners will leverage isolated roots of trust in the hardware and in the SIM to enable split-key encryption and offer state-of-the-art protection of consumer assets and data. The solution is expected to use both blockchain and trusted computing technology to provide cybersecurity controls and protection to hold multiple cryptocurrencies, assuring the digital assets and processes are protected within a device’s hardware. Rivetz and Telefónica aim to accelerate existing efforts in privacy, data compliance and security, facilitating the revolution in information integrity and assurance driven by enhancing the quality of transactions.

“Blockchain access and secure messaging are core building blocks to automating the user experience when it comes to digital services,” said Steven Sprague, CEO of Rivetz. “We’re honored to partner with Telefónica to explore how to fully leverage the embedded cybersecurity technologies of mobile to deliver next-generation data services and business models to enhance the quality of subscriber relationships.”

The Rivetz technology has been in an active beta test since January 2018, providing a strong foundation for the enhancement of security achieved by the integration of the SIM-protected key management. The enhanced solution will be integrated into Rivetz’s existing application developer solution, which will be available to select partners later this quarter. Application providers will be able to easily integrate this solution, thus increasing data security, transactional quality and value of services delivered to users through their devices. This system will provide provable cybersecurity controls on the blockchain for next-generation data compliance.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

 

 

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Internet or Information technology conceptual image. With a globe placed in front of computer server cabinets

LAKELAND, Fla. – Florida Polytechnic University’s iconic Innovation, Science and Technology (IST) Building in Lakeland now ranks as one of the 16 “most breathtaking” buildings in the world, according to a survey of architects, placing it alongside iconic structures such as the Parthenon in Greece, the Empire State Building and Frank Lloyd Wright’s “Fallingwater” residence.

  

Business Insider’s “Tech Insider” magazine surveyed 16 prominent architects, asking each to pick just one structure they fondly think of as “breathtaking.” Architect Marica McKeel of Studio MM worked on the IST Building design and said, “Not only do I love the design of the Innovation, Science and Technology Building, but I feel a real connection to this project and to the Lakeland community as my father grew up in Lakeland and I still frequently visit family there.”

  

Designed by internationally-renowned architect Dr. Santiago Calatrava, the IST Building is the cornerstone of Florida Poly’s campus and the University’s main classroom and laboratory building. The 162,000-square-foot, white-domed building is a moveable and functional work of art, with a louvered roof system that adjusts with the sun’s angle, surrounded by a ring of curved metal pergolas that shade its outer terrace and walkways.

  

Calatrava repeatedly breaks new ground in architecture, with soaring designs for a new transit station at the rebuilt World Trade Center, a spiraling “Turning Torso” skyscraper in Sweden and the Peace Bridge in Calgary. Among the numerous awards associated with the IST Building is the distinguished Engineering News Record’s (ENR) Global Project of the Year award.

  

“The IST Building was created to provide an inspiring, modern atmosphere for learning, collaboration and innovation,” said Florida Poly President Dr. Randy K. Avent. “It’s invigorating to walk into this building each day and work alongside faculty, students and staff in one of the world’s most advanced structures.”

  

The IST Building houses 26 classrooms, the Aula Magna auditorium, faculty and administrative offices, an 11,000-square-foot Commons area and 11 innovation labs – including a 3D printing lab, cyber security lab and heath informatics lab – where students are able to get hands-on experience with the latest technology. Skanska USA was the lead contractor.

  

Other top accolades earned by the IST Building include:

  

2014 Engineering News Record Global Best Project by Engineering News Record

Best Projects: 2014 Project of the Year – Southeast Region, Best Higher Education/Research by Engineering News Record

2014 Metal Construction News Design Award in Metal Building Systems

2014 Best Innovative Structural Steel Project of the Year by the American Institute of Steel Construction

2015 Innovative Design in Engineering and Architecture with Structural Steel (IDEAS2) Award

2015 International Architecture Award by The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture

  

Data above originated from the following website:

  

floridapolytechnic.org/news-item/florida-polys-ist-buildi...

What Is a Security Token Offering?

  

The world of initial coin offerings is bound to undergo some major changes. Regulators all over the world are closely scrutinizing this industry because of its somewhat shady nature. Transforming this business model into security token offerings could a...

Also Read: Blockchain Smart Contract Service: The Key for dApp Business

 

What Is a Security Token Offering?

  

The world of initial coin offerings is bound to undergo some major changes. Regulators all over the world are closely scrutinizing this industry because of its somewhat shady nature. Transforming this business model into security token offerings could alleviate a lot of concerns. However, most people have no idea what an STO entails exactly.

The Appeal of a Security Token Offering

Even though the initial coin offering industry has been pretty popular and rewarding for various companies and projects, the business model still leaves something to be desired. To be more specific, every time an ICO is organized, one has to wonder if the tokens being sold could be considered securities at some point in the future. With the SEC cracking down on such misleading securities offerings, the companies behind these projects will usually be unable to achieve their initial goals.

On top of that, it seems there are quite a few initial coin offering scams to be wary of, and they will need to be weeded out sooner rather than later. In the case of the Centra ICO, it didn’t take long for regulators to slap fraud charges and security law violations on the people responsible for creating this venture. There have been a few other projects suffering similar fates as well.

One way of ensuring there won’t be any further concerns regarding initial coin offerings is by replacing the business model altogether. It will not be easy to do, but it seems the PolyMath team may have come up with a viable solution. More specifically, the company proposes a brand-new business model known as the security token offering, or STO.

As the name somewhat suggests, STOs and ICOs are not all that different on the surface. Companies can still issue tokens and shares as they see fit, and the tokens can be sold, bought, and traded all over the world without any repercussions. However, the tokens offer more “rights” compared to regular ICO tokens which are mainly focused on utility rather than actual benefits.

Such tokens will also be backed by assets, profits, or revenue generated by companies. This means these tokens will have tangible value from day one, rather than be based on hype and speculation first and foremost. It is a financial security just like that which is issued by traditional companies, but with a few cryptocurrency-related elements added to the mix.

Another benefit to security token offerings is that certain parties can be blacklisted from trading these tokens. This requires slight modifications to the underlying smart contracts and involves a proprietary form of whitelisting technology. By turning all ICOs into security tokens from day one, a lot of regulatory scrutiny can be avoided. However, this will require service providers which can take the complexity out of this process and allow companies to embrace this business model with relative ease.

 

 

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UNITEN February Intake 2017:

 

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Bachelor of Computer Science (Cyber Security) (Hons.) ( 3.00 years )

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People’s Bank of China: ‘Government Must Have Monopoly on Currency Issuance’

  

A seasoned counselor at the People’s Bank of China (PBoC) maintains that the control for currency issuance should remain within the government. The senior official also said that blockchain technology must remain astra...

Also Read: How to Earn Free Presearch Token Daily

 

People’s Bank of China: ‘Government Must Have Monopoly on Currency Issuance’

  

A seasoned counselor at the People’s Bank of China (PBoC) maintains that the control for currency issuance should remain within the government. The senior official also said that blockchain technology must remain astray from finance. His statements come despite the country’s intentions to create a state-owned cryptocurrency.

Decentralization is Bad

Spoken like a flat-out banker, Sheng Songcheng, a senior counselor to PBoC with more than two decades of experience, said that blockchain-based technology needs to stay away from the financial sector:

 

My views on the blockchain are, first, blockchain should not be combined with currency due to its greatest feature of decentralization. But monetary policy is one of the most important economic policy tools for countries around the world. This characteristics not only prohibits decentralization, but also means that governments must have monopoly on currency issuance, […] This will not be disrupted in the long term.

 

While there’s no question that a country’s monetary policy is among its most critical components, there’s a harsh overtone stemming from the sentiment that ‘governments must have monopoly on currency issuance’.

 

Governments currently hold the keys to currency issuance. However, if history is any indicator, that policy hasn’t always played out in the best possible way. According to the International Monetary Fund, the world’s collective debt has hit a record $164 trillion as of April 2018.

And, guess what – the surging private-sector debt in China is indicated as one of the leading drivers of this tremendous build-up, accounting for nearly three-quarters of the increase since, get this, the global financial crisis. Good job, governmental monopoly! Aren’t we issuing a bit more than we could afford to so that we can fit the bill?

Direct Controversy

While it’s no secret that China has been particularly stringent towards the crypto field, we’ve begun seeing signs of more positive sentiment. Earlier this year, the PBoC revealed that it is working on its own state-owned cryptocurrency which is even ‘conducive to the implementation of negative interest rate policies’, as per the words of the bank’s director general of financial research Sun Guofeng.

 

On another note, it’s worth pointing out that Songcheng did say that there are potentially positive applications for blockchain-based technology. However, the only place where he sees it relevant is in the real economy, citing examples such as, get this, art certification. The reason? Blockchain allows for the information to be traceable and immutable.

However, the director of China’s National Center for Information Technology Security Research, Yu Kequn, seems to believe that the potential applications of blockchain-based technology might be a bit wider than art certification. Earlier in April, as the country pushed for faster regulations, Kequn said:

 

The development of blockchain technology may become an important step for China to grasp global technological competition.

 

In any case, despite Songcheng’s critical attitude, it seems that the country, as a whole, is shifting in the opposite direction with regard to the development of blockchain-based technology. With China being a predominant global presence in almost every aspect of the international relationships, this could be seen as a positive sentiment for the field of crypto.

Do you agree with Sheng that blockchain should stay away from the financial sector? Please let us know in the comments below!

Images courtesy of Pixabay, Wikimedia Commons

The post People’s Bank of China: ‘Government Must Have Monopoly on Currency Issuance’ appeared first on Bitcoinist.com.

 

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Technology today can offer a security blanket that covers many of our technical weaknesses. Alister Benn suggests we should continue to strive to overcome

  

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Android’s trust problem isn’t getting better

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Android’s trust problem isn’t getting better

Published today, a two-year study of Android security updates has revealed a distressing gap between the software patches Android companies claim to have on their devices and the ones they actually have. Your phone’s manufacturer may be lying to ...

Secure laptop charging cupboards are provided for storage and recharging laptop computers.

Microsoft releases new Windows 10 preview with snipping, Sets, Fluent, security, and gaming improvements

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#LatestTechnologyNews, #MicrosoftReleasesNewWindows10PreviewWithSnippingSetsFluentSecurityAndGamingImprovements, #TechnologyNewsHeadlines, #TechnologyNewsToday, #TechnologyNewsUSA

Microsoft releases new Windows 10 preview with snipping, Sets, Fluent, security, and gaming improvements

Microsoft today released a new Windows 10 preview for PCs with snipping, Sets, Fluent Design, security, Focus assist while gaming, sound, language, and HEIC improvements. This build is from...

Enterprise security technologies | Image source: csoonline.com

DXC Technology: Industrie-4.0-Studie. Weiterer Text über ots und www.presseportal.de/nr/126139 / Die Verwendung dieses Bildes ist für redaktionelle Zwecke honorarfrei. Veröffentlichung bitte unter Quellenangabe: "obs/DXC Technology/Monty Rakusen" / ots.de/39c832/f

(Best viewed on a black background)

Advanced technologies are important for food production, food testing and food security. Solving challenges in food production is our passion. Visit: www.xgenex.com/

Computer security, cyber security for connected devices like phones and tablets.

 

When using this image please provide photo credit (link) to: www.bluecoat.com/

Mosaic illustration of a Watchdog made out of keyboard keys created for an article about information security on the Wall Street Journal.

 

Best viewed large. Attention: Big file. (14336 x 13312 = 47.8" x 44.4" @ 300 ppi)

 

Made with custom developed scripts, hacks and lots of love, using my Mac, Studio Artist, the Adobe Creative Suite and good Mexican music.

 

See all my Editorial Illustrations.

 

Many thanks to Orlie Kraus and everyone @ The Wall Street Journal.

Credit to PunkRock and Darthtoa for their FS workspaces, SPW team for Rails, Duke for the FS logos, SgtSamMac for the foregrip and C.Cow for the sights ideas.

********

 

The new Combat rifle BCR is the best option for a FS+ soldier in battle. It counts with advanced sights (rear one is adjustable/removable), quick mag release and a special foregrip (it turns into flashlight when folded).

Its design makes it light, powerfull and compact (smaller than a M4 CQBR).

Purchase it and never regret!!

surveillance security camera on industrial wall

fintech icon on abstract financial technology background represent Blockchain and Fintech Investment

You need a home that is always safe for you and your loved ones. Whenever the family is out and about, it is important that they home be safe upon their return. You can find some great advice concerning the safety of your home in this article.

 

Your home should looked occupied all the time. Invest in timers to automatically turn on / off any electronics at various times. This gives off the appearance that someone is home. This is great for keeping a home safer from burglaries.

 

Is your dog outside even if you are away? They can help you with your spare key. Secure the key on the inside of the dog's collar. This is very effective if your pet is afraid of strangers therefore, burglars are not very likely to observe the key.

 

Get a good safe to store your valuables in your home. This is vital, as you want to safeguard your valuable items in case of home burglary. Hide your safe in a difficult to get place like the basement or attic.

 

Compare various security alarms systems when you shop. Prices for security alarms systems can vary and they do not all offer the same services. Make sure to obtain quotes from a minimum of three companies prior to deciding on a final one.

 

Set up motion activated lighting. These lights will switch on if anyone walks too closely to your home. This is a good method of knowing who comes near your home and keeps you safe should you ever come home late. Make sure you change a bulb in the event it burns out.

 

When you purchase big, expensive items be sure to breakdown the boxes and take them to the recycling center yourself. Empty boxes might draw the attention of robbers and let everyone know you have new and dear goods.

 

You now have among the best advice regarding security alarms. How would you place it to make use of within your own house? Keep researching security alarms. Technology is rapidly advancing, changing the market together with it. Stay up-to-date, and everybody stays safe. www.youtube.com/watch?v=slACGsaWHq8

Hacking Computer Security Threat and Protection

Mosaic illustration of a bodyguard made out of keyboard keys created for an article about information security on the Wall Street Journal. Unpublished. The selected illustration is this one.

 

Best viewed large. Attention: Big file. (14336 x 13312 = 47.8" x 44.4" @ 300 ppi)

 

Made with custom developed scripts, hacks and lots of love, using my Mac, Studio Artist, the Adobe Creative Suite and good Mexican music.

 

See all my Editorial Illustrations.

 

Many thanks to Orlie Kraus and everyone @ The Wall Street Journal.

 

iris scan for security or identification. Eye with scanner and computer interface

Apple's iOS Will Reportedly Soon Have a Feature That Locks Down USB Data Access After a Week

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Apple’s iOS Will Reportedly Soon Have a Feature That Locks Down USB Data Access After a Week

Apple’s latest move in its ongoing war of words with the FBI, National Security Agency, and other intelligence and law enforcement agencies over encryption is a feature that turns off USB data a...

China Government Begins Blockchain Standards Creation, Eyes 2019 Deadline

  

China wants to release hard-and-fast standards rules for blockchain by the end of 2019, a government source told local media May 10th.

 

Staying Competitive

Speaking to Sina.com, Li Ming, director of the Blockchain...

Also Read: How to Buy Bitcoin With Credit Card (Using Visa or Master Card)

 

China Government Begins Blockchain Standards Creation, Eyes 2019 Deadline

  

China wants to release hard-and-fast standards rules for blockchain by the end of 2019, a government source told local media May 10th.

Staying Competitive

Speaking to tech.sina.com.cn/it/2018-05-10/doc-ihaichqz3607998.shtml, Li Ming, director of the Blockchain Research Office at the Electronic Industry Standards Research Institute of the Ministry of Industry and Information Technology, said the government had already announced the plans.

These take the form of “basic, business and application standards” which will be “safety and interoperability.”

 

A dedicated working group, dubbed the Blockchain and Distributed Ledger Technology Standardization Committee, will handle development of the project.

Yu Kequn, director of the National Center for Information Technology Security Research, told Sina the move reflected a desire to keep up with the international pace of change. He stated:

 

The development of blockchain technology may become an important step for China to grasp global technological competition.

 

No Overnight Revolution

China has already sought to experiment with private blockchains in various forms, continuing its narrative that the technology holds promise for the economy while cryptocurrencies themselves remain outlawed.

March saw the launch of the government Blockchain Registry Open Platform (BROP), designed to streamline government processes under the directorship of a string of entities under the ultimate control of the People’s Bank of China (PBOC).

 

Going forward, however, the new standards are not designed to transform the Chinese blockchain space overnight, Li says.

Continuing to Sina, Li added their formulation “does not mean the sudden quick advancement of industry development, but it will give the industry some guidance.”

Meanwhile, domestic businesses whose activities make them persona non grata at home continue to find ways of circumventing Beijing’s crypto ban.

This week, Bitcoinist reported on how mining company Canaan Creative was planning on delivering a $1 billion IPO using Hong Kong as a base.

What do you think about China’s blockchain standards plans? Let us know in the comments below!

Images courtesy of Pxhere and Pixabay.

The post China Government Begins Blockchain Standards Creation, Eyes 2019 Deadline appeared first on Bitcoinist.com.

 

source: bitcoinist.com/china-government-begins-blockchain-standar...

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Security concept: Lock on digital screen, contrast, 3d render

Women using a smartphone in the display and technology advances in stores. Take your screen to put on advertising.

Polymath Network (POLY): Markets and the Weekend Roller-Coaster Ride

  

Amidst the rising hype of security tokens, Polymath Network is known as the most unique and promising blockchain projects. Since the beginning of Q2, its cryptocurrency $POLY has been experiencing a consistent gain in price...

Also Read: Blockchain Smart Contract Service: The Key for dApp Business

 

Polymath Network (POLY): Markets and the Weekend Roller-Coaster Ride

  

Amidst the rising hype of security tokens, Polymath Network is known as the most unique and promising blockchain projects. Since the beginning of Q2, its cryptocurrency $POLY has been experiencing a consistent gain in price point and exchange volume. Security tokens have emerged as a countermeasure to regulations issued on digital assets all around the world. All over the past weekend crypto markets showed its volatile nature. This is the reason people are still wondering if cryptocurrencies can replace the traditional banking systems and still be legally compliant? With SEC imposing new and harsher regulations on ICOs, polymath wants issuers to make use of their legal security Token Offerings. In this article, we shall discuss everything about Polymath Network and its recent performance.

The idea behind Polymath Network:

Polymath Network provides its users with a secure and flexible platform for issuing security tokens. Basically, what it does it to simplify the legal process which involves the creation and selling of security tokens. The new cryptocurrency standard provided by polymath is called ‘ST20’. This standard also enforces government compliance. Hence, token issuers and users do not have to worry about legal implications of any kind. In order to launch legally compliant tokens, Polymath Network accumulates different key aspects such as:

Issuers

Smart contract developers

Legal delegates

KYC verification

Decentralised Exchange

History of Polymath:

The Polymath Network project can be dated back to 2017. Its initial coin offering raised approximately $1.2 billion USD in funding by selling either utility or security tokens. By utility tokens we mean, the common tokens which give you the access to use a particular platform and its network, whereas security tokens provide a user with equity or a claim to dividends from a particular company which is why such tokens are subjected to government regulation. Starting from an ICO which is now listed among the largest cryptocurrencies, polymath network has come a long way since its creation.

Objectives of Polymath Network and $POLY:

Polymath offers a new standard for blockchain security tokens by merging its necessary regulatory requirements into smart contracts while being fully compliant with government’s security regulations. The team behind polymath believes that financial securities are better suited for blockchain. Throughout polymath network, shareholders are known as token holders. This network links the entire ecosystem behind the launching of an IPO using its smart contracts and POLY token which is an ERC-20 token. POLY is used as payments all over the polymath network and also as a reward for participation. Almost 46% of last year’s ICOs have failed and crashed since they were ultimately a ‘scam’ project. Many crypto enthusiasts and investors have lost the unimaginable amount of money because of such scams. That is why governments implemented harsh yet impartial regulatory framework for future ICOs and cryptocurrencies. The main advantage of polymath network is not only that it issues government and regulation-friendly digital assets but also that it minimizes fraud, misrepresentations, and other rip-offs.

Notable Achievements in Q1:

The success and better performance of POLY are dependent on partnerships made by Polymath Network team. They need to gather more legal delegates, KYC providers, Developers, Buyers, and Issuers. During the first quarter of 2018, polymath has made headlines about their meaningful partnerships with companies like IdentityMind. After that, they announced their most significant airdrop which surmounted to 240 million POLY tokens. One of the biggest digital identity system ‘Selfkey’ and KYC associated company ‘BnkToTheFuture’ are expected to collaborate with Polymath Network. In addition to that, many notable blockchain based companies such as Ethereum Capital, SeriesX, and Corl Financial Technologies have plans to create and issue their security tokens using the Polymath Network platform. Back in April polymath announced two new and strong partnerships. One about verification service for security token offerings with Trustroot which is the leading blockchain security platform. The second collaboration was with CrowdfundX to deliver investor marketing for security token issuers powered by AI.

Market & Trading Position:

Polymath’s biggest airdrop was completed on 24th January this year and the value of POLY started with $0.78 USD approximately. This value reached its all-time peak position of $1.64 USD soon afterward. But at the time of writing, it is ranked as the 95th cryptocurrency the individual price of POLY equals to $0.852 USD and it’s depreciating at a rate of 7.35% according to CoinMarketCap. Polymath tokens are available on exchanges such as KuCoin, Bittrex, and Upbit. The value of POLY depends solely on the usability of polymath platform. If more coins are issued on ST20 standard, then this figure is likely to show some bullish trends.

Final thoughts

Although, the core idea behind issuing a cryptocurrency that is safeguarded by government regulations is a dream come true for many crypto enthusiasts however it is much complex to achieve. That is why Polymath has a long way ahead of it. But with its enthusiastic and experienced team, this project is worth monitoring as it can jump to $1 USD soon enough.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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ERP Maestro recently announced that it has successfully closed a $12 million round of funding that was led by Aspen Capital and also saw participation from AdvancedStage Capital. The new round brings ERP Mastro’s total raised till date to $20 million. via ReadITQuik ift.tt/2KiJy9O

This digital image shows soil particles altered by the world’s first nuclear explosion in Alamogordo, N.M., in 1945. Using microscopic imaging tools, scientists at PNNL and the University of Notre Dame rapidly identified the microstructure of crystalline and glassy particles altered by the intense heat of the explosion. This capability identifies and examines forensic information extracted from samples at nuclear blast sites. Research was funded by the National Security Agency.

 

Team Members: Edgar Buck and Bruce McNamara from PNNL and collaborators at University of Notre Dame.

 

Terms of Use: Our images are freely and publicly available for use with the credit line, "Courtesy of Pacific Northwest National Laboratory." Please use provided caption information for use in appropriate context.

Gordon Corrections Division, a division of Gordon, Inc., is the leader in the design and manufacture of Detention Ceiling Systems. Gordon’s, Lockdown® and Cel•Line® ceiling systems, provide Security Ceilings and Security Planks that are well known throughout the Corrections / Security industry for their performance, quality, and ease of installation. Gordon also provides accessory components to complement the system.

 

Gordon’s Security Ceilings and Security Planks have been installed in US Courthouses, Federal Prison, State Prison, and County Jails throughout the United States.

 

Below is the first in a short series of how the use of metal security ceilings and metal security planks has evolved with the advance technologies in the construction industry, and what the detention facility architect needs to consider when specifying acoustical metal ceiling systems.

 

One can safely assume that the original and longest standing security ceiling systems were constructed of stone, later evolving to mortared stone, and then to concrete. This was a perfectly suitable finish for facilities that did not have the complex building systems and the significant management challenges of today's corrections environment. Today's criminal justice architects must address the routing and delivery of mechanical, electrical, plumbing, and security systems beyond the reach of the inmate while, conversely, meeting a stringent budget requiring minimum building height and floor to floor spacing. Furthermore, the direct supervision management method has delivered the new challenge of providing a secure and controllable dayroom space where the officers can clearly communicate with the inmates and, most importantly, among each other.

 

The first evolution in correctional ceilings was the use of security plaster. While security plaster ceilings effectively enclosed building systems from inmate access, they equally inhibited maintenance access. Although clearly a high quality finish, plaster's cost, schedule impact, inaccessibility, and lack of acoustical control forced corrections architects to seek alternatives - the first of which was gypsum wallboard systems. These multi-layered systems were often interwoven with plywood or wire mesh. While more cost effective than plaster, gypsum board systems did not significantly improve schedule due to their progressive method of construction, inaccessibility, and their need for field taping, and painting. Acoustics could be addressed through the adhesive application of mineral fiber ceiling tile, but this was not a durable finish within inmate reach.

 

The advent of steel security acoustical ceiling systems and the subsequent development of multiple gauges and configurations of these systems has provided today's criminal justice architect with new options in security ceiling treatments. These systems address the need of today's corrections facility in terms of security, building system integration, acoustical metal security ceilings, controlled access, cost, and schedule.

 

Interesting parallels exist between the evolution of detention & security ceilings and the evolution of commercial ceilings. For the same reasons, architects in both markets evolved their ceiling system design from stone or wood to plaster, then gypsum wallboard, and finally to today's modern acoustical ceiling systems.

 

Please let us know what information you would like answered regarding the use of acoustical metal security systems in Courthouses, Prisons, Jails, and other detention applications.

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