industryterm:information processing

Why there is still no full-fledged Internet of Value?
▻https://hackernoon.com/why-there-is-still-no-full-fledged-internet-of-value-eecc58889a56?source

Despite the emergence of new technologies (both information — data transfer — and financial — blockchain and cryptocurrencies), the world of modern finance is still characterized by isolated networks for creating, storing, transmitting and exchanging values. But why, having entered the era of fast, easy, effective and cheap information exchange (the internet), have we still not entered the era of the Internet of Value? What’s the problem, and is there any new technology that could contribute to its solution?Over the past two decades, we have witnessed the explosive development of information processing and transmission technologies that have revolutionized many aspects of human life, including the economy, as well as our daily lives. At the same time, however, technology for transferring value (...)

#decentralization #internet-of-value #network #layer-2 #layer-3

Proposing #blockchain with Big Data This Valentine’s Day
▻https://hackernoon.com/proposing-blockchain-with-big-data-this-valentines-day-f03f0b435bb5?sour

https://cdn-images-1.medium.com/max/1024/1*myyu202Gf_NGGJoYsn76wQ.png

“Love is in the air”, it is the month of the cupid, proposals, love, and commitments. No, this blog is not about love advice and certainly, it is not clickbait. But, since it is the month of Valentine’s day, let’s try to do the match-making of the most buzz technologies i.e. Big Data and Blockchain.First, let’s study the profiles of the probable perfect pair:Big Data“Worldwide Big Data market revenues for software and services are projected to increase by $103B in 2027.”According to Gartner,“Big Data is high-volume, high velocity, and possesses variety of information assets that demand cost-effective, innovative forms of information processing for enhanced insight and decision making.”This means it possesses large complex data sets that have to be processed and analyzed to fetch the useful (...)

#big-data #technology #valentines-day #cryptocurrency

Nature, the IT Wizard - Issue 48: Chaos
▻http://nautil.us/issue/48/chaos/nature-the-it-wizard-rp

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As space exploration geared up in the 1960s, scientists were faced with a new dilemma. How could they recognize life on other planets, where it may have evolved very differently—and therefore have a different chemical signature—than it has on Earth? James Lovelock, father of the Gaia theory, gave this advice: Look for order. Every organism is a brief upwelling of structure from chaos, a self-assembled wonder that must jealously defend its order until the day it dies. Sophisticated information processing is necessary to preserve and pass down the rules for maintaining this order, yet life is built out of the messiest materials: tumbling chemicals, soft cells, and tangled polymers. Shouldn’t, therefore, information in biological systems be handled messily, and wasted? In fact, many (...)

Evgeny Morozov on Why Our Privacy Problem is a Democracy Problem in Disguise | MIT Technology Review
►http://www.technologyreview.com/featuredstory/520426/the-real-privacy-problem

n 1967, The Public Interest, then a leading venue for highbrow policy debate, published a provocative essay by Paul Baran, one of the fathers of the data transmission method known as packet switching. Titled “The Future Computer Utility,” the essay speculated that someday a few big, centralized computers would provide “information processing … the same way one now buys electricity.”

Our home computer console will be used to send and receive messages—like telegrams. We could check to see whether the local department store has the advertised sports shirt in stock in the desired color and size. We could ask when delivery would be guaranteed, if we ordered. The information would be up-to-the-minute and accurate. We could pay our bills and compute our taxes via the console. We would ask questions and receive answers from “information banks”—automated versions of today’s libraries. We would obtain up-to-the-minute listing of all television and radio programs … The computer could, itself, send a message to remind us of an impending anniversary and save us from the disastrous consequences of forgetfulness.

It took decades for cloud computing to fulfill Baran’s vision. But he was prescient enough to worry that utility computing would need its own regulatory model. Here was an employee of the RAND Corporation—hardly a redoubt of Marxist thought—fretting about the concentration of market power in the hands of large computer utilities and demanding state intervention. Baran also wanted policies that could “offer maximum protection to the preservation of the rights of privacy of information”:

Highly sensitive personal and important business information will be stored in many of the contemplated systems … At present, nothing more than trust—or, at best, a lack of technical sophistication—stands in the way of a would-be eavesdropper … Today we lack the mechanisms to insure adequate safeguards. Because of the difficulty in rebuilding complex systems to incorporate safeguards at a later date, it appears desirable to anticipate these problems.

Sharp, bullshit-free analysis: techno-futurism has been in decline ever since.

#Morozov #PRISM #Snowden #NSA