Search Results for: AI and Block chain

Eco-friendly bitcoin competitor Chia, Invented

Dianne Jacobs

A bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. Considering he invented the ubiquitous peer-to-peer file transfer protocol BitTorrent, you should take him seriously. Cohen has just started a new company called Chia Network that will launch a cryptocurrency based on proofs of time and storage rather than bitcoin’s electricity-burning proofs of work. Essentially, Chia will harness cheap and abundant unused storage space on hard drives to verify its blockchain. “The idea…

American Startup wants disrupt traditional insurance models using smart tech

Editor

Mobile technology continues to smart its way into every service available, Insurance insutry is yet to be disrupted. The on-demand economy, which uses smartphone technology to immediately fill consumer needs, has changed the way people order food, a car, or a place to stay. Now, technology start-ups are targeting the next business frontier – insurance – offering coverage with the swipe of an app. Trov, a San Francisco Bay Area firm that provides smartphone-based on-demand insurance for individual assets, like computers or cameras, for any duration, launched in the UK…

31pc of employees consider themselves the biggest threat to cyber security

Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP

Both companies and employees are aware of the damage cyber-attacks can make, and know that employees are the weakest link in a company’s security chain. Those are the results of two separate studies conducted by security firm WinMagic. During the Cloud Security Expo, it released the studies in which it asked 250 IT managers and 1,000 employees about the importance of IT security in the workplace. The data shows that businesses have taken actions to protect themselves following high-profile data breaches, such as the one which happened to TalkTalk. Almost…

New York Forum AFRICA 2014: Bekele Moderates a High Level Panel on US/Africa

Sophia Bekele moderated a high level panel from Washington DC, on the upcoming President Obama US-Africa Leader Summit and weighs in on “How does Africa see the United States” at the New York Forum AFRICA 2014 in Gabon. Picture: Sophia Bekele at the NYF Africa forum with Robert Wolf & Dante Paradiso The forum focused on transformation: unlocking the competitiveness of the African economy through building value chains around the transformation of the continent’s natural resources, including its human capital. In knowledge economies, such as those in the western world,…