Category: Innovations

Will There Be an Internet of Electricity?

Blockchain, whose popularity has grown in lockstep with developments in the cryptocurrency market (Bitcoin, Ethereum, et. al.), is poised to expand into new territories. The energy industry, which is decentralizing gradually, may well advance blockchain more than the financial system will. Or, it may simply adopt it more extensively, sooner.

According to one view, blockchain may become for the world of transactions and settlements what the internet has become for global communication. However, an even stronger case can be made for its potential to transform the energy industry.  A dozen-plus years ago, new software enabled
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Technologies that will change 2019

It is not easy to imagine a technology that will receive as much publicity as the blockchain did last year but there’s little doubt that other new and innovative technologies will make even greater inroads into our daily lives in 2019.

Certainly, rapid progress in artificial intelligence will continue to be made and be widely reported. Despite the controversies, autonomous vehicles will proliferate, and it would be good to see serious, in-depth articles about industry regulation (licensing for the use of autonomous vehicles on public roads,
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Will blockchain trigger a shakedown of the global financial system?

The financial crash of 2008 demonstrated (to some) that large financial institutions need to be closely watched and strictly regulated. The meltdown some believe also demonstrated the need for an alternative to complex, abuse-prone financial instruments held by few, and understood by even fewer.

Many believe that new tool could be the blockchain, with the new currency, the Bitcoin, based on it. Could they put an end to the volatility and opacity of the financial sector? Today, cryptocurrencies are on everyone’s lips, with blockchain – a distributed peer-to-peer database
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Automation will not destroy all jobs

It is commonly believed that robotization inevitably will destroy the labor market. Although I am certain that work will change in many ways, either rapidly or slowly, I don’t think all robotization’s impacts will be entirely adverse.

Pessimists predict that technological advances will benefit corporations, not workers. The way they see it, robotization in the manufacturing and service sectors will allow companies to lay off people and destroy jobs en masse. I believe artificial intelligence (AI) will create an abundance of new
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