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Central Bank Digital Currencies

Norges Bank | May 18, 2018
On May 18, Norway’s central bank, Norges Bank, released a white paper on central bank digital currencies (CBDC). CBDC, defined as a digital form of central bank money denominated in the official unit of account for general purpose users, can take several forms with different properties, depending on its purpose. Norges Bank’s provides an overview of the issues that it regards as relevant in an assessment of whether to introduce a CBDC in Norway.

The Old Allure of New Money

Project Syndicate, Robert J. Schiller | May 21, 2018
No one, outside of computer science departments, can explain how cryptocurrencies work. That mystery creates an aura of exclusivity, giving cryptocurrencies glamour, and filling devotees with revolutionary zeal. None of this is new. As with past monetary innovations, will a seemingly compelling story be enough?

The Crypto Economy

L2inc, Scott Galloway and David Yermack | May 17, 2018
NYU marketing professor Scott Galloway and NYU finance professor David Yermack discuss tethered coins, crypto market volatility, the flight to quality for ICOs and the cryptocurrency landscape

The Blockchain Boom

CNBC, Amber Baldet | May 18, 2018
Amber Baldet CEO and Co-Founder of Clovyr describes her company as a decentralized app store and developer framework for blockchain-related technologies. She breaks down in detail the value of blockchain technology in banking.

The Future of Blockchain Tech

CB Insights, May 8, 2018
CB Insights provides an overview of the current trends in ICOs, tokens and blockchain technology. “The ICO craze of last year created a toxic waste dump of financial assets,” said Overstock CEO Patrick Byrne. “To me, the world of ICOs is a Superfund site. What we’re developing is a mechanism that there will be a legal way to go forward and not create any new toxic waste.” Many companies are focusing on the broader application of blockchain technology. “We really want to distinguish the blockchain, which is an area of huge emphasis and investments across our industry and across many industries, from a particular application of blockchain which tends to get all the news cycles; which is cryptocurrencies,” said Goldman Sachs’ CFO Martin Chavez.

How Blockchain Is Transforming Healthcare

DailyFinTech.com, Saurabh Chaturvedi | May 7, 2018
MedRec, a blockchain technology developed by MIT, uses Ethereum’s platform to build smart contracts, which link patients and providers to the addresses of existing medical records. Instead of storing patient data directly, MedRec encodes metadata—including information about ownership, permission, and integrity of the data being requested—that allows records to be accessed securely by patients, unifying access to data across different providers. MedRec will open the source code once the company has a working prototype of Medrec 2.0.

The First Wireless Flying Robotic Insect Takes Off

University of Washington News, Sarah McQuate | May 15, 2018
Engineers at the University of Washington have created RoboFly, the first wireless flying robotic insect. RoboFly is slightly heavier than a toothpick and slightly larger than a real fly. Powered by a laser beam, the RoboFly uses a tiny onboard circuit that converts the laser energy into enough electricity to operate its wings. This might be one small flap for a robot, but it’s one giant leap for robot-kind.

Uber: The Amazon of Transportation

CBS This Morning  |  May 8, 2018
At the Elevate Summit, Uber unveiled a flying taxi prototype that its new subsidiary, UberAir plans to have operational in Dallas and Los Angeles by 2023. The flying taxis will fly at speeds of 150 to 250 miles an hour at reach a height of 2,000 feet. UberAir plans to build Skyports, which will facilitate up to 200 taxi landings an hour.

The 2018 White House Summit on AI for American Industry

White House | May 10, 2018
The Office of Science and Technology Policy and Michael Kratsios, the President Trump’s technical adviser, welcomed executives from more than 30 major tech companies like Amazon, Facebook and Google for the Summit on Artificial Intelligence. The Summit convened more than 100 senior government officials, technical experts from academia, heads of industrial research labs and business leaders to discuss the development and adoption of AI. The White House published the following summary report on the Summit.

Alabama Power’s Smart Neighborhood™

Global Energy Institute | May 23, 2018
Alabama Power’s Smart Neighborhood™ features high-performance, energy-efficient system, cutting-edge interconnectivity and a dedicated microgrid creating a one-of-a-kind community for homeowners. The Smart Neighborhood™ illustrates what the grid of the future looks like and provides a model for cities all throughout the country.

Smart Cities Are Already Here

NBC News, Mach | May 18, 2018
Recent projections show that by 2050, two-thirds of the global population will live in cities. Which makes it imperative that our future cities aren’t vast urban hellscapes but are instead smart urban centers with a dash of sci-fi: devices, roads, and lampposts all talking to each other—making life in cities safer and smoother. And this transformation…is already beginning

SailDrones Are Roaming the High Seas

Bloomberg TV, Michael Bell and Richard Jenkins | May 15, 2018
Intelligent, indestructible and with no humans on board, these autonomous seaworthy sailboats are plotting their own course through the waters of San Francisco Bay. If Richard Jenkins gets his way, soon there’ll be hundreds of SailDrones, trawling the oceans for data. Ultimately, SailDrones may track hurricanes to help man measure how strong the storms are and where they’re going to land—having a huge impact on insurance risks and peoples’ safety.