5G:Next Big Thing, musk did the impossible, ‘infinite plastic recycling’ tech, web3 beat public cloud?, and Cross-Chain Bridging?

One of the Reasons Why 5G Is The Next Big Thing In Tech

5G + AI = The Future of Hyper-Automation

Over time, the 5G network has managed the expansion and advancement of technology, changing how industries work and learn. Future Market Insights states that hyper-automation helps organizations rapidly identify and automate as many processes as possible with the help of these advanced technologies. 

The entire process of hyper-automation involves using a combination of tools such as Robotic Process Automation (RPA), Process Mining, and Artificial Intelligence (AI). Businesses of all sizes are trying to understand and leverage the opportunities that 5G presents, especially hyper-automation. Future Market Insight predicts that the 5G technology market is expected to register a staggering double-digit CAGR of 71.9% by garnering a market value of US$ 248.4 billion by the end of 2028. The growth of 5G technology is due to the accelerated developments in telecommunication technologies. 

Let’s look at the implication that the 5G network, in combination with digital transformation technologies, is helping corporate leaders gain trust in hyper-automation. Read more...

Elon musk did the impossible, brought decentralisation to twitter

Musk did it. The gleeful jester king of Crypto Twitter—whose tweets about Dogecoin have repeatedly moved the price, whose July 2018 "pedo guy" tweet about a British cave diver landed him in court for defamation (he won), whose August 2018 "funding secured" tweet led to securities fraud charges from the SEC ($20 million fine)—now owns Twitter Inc.

Musk originally said, both publicly and in private (since-leaked) text messages, that he aimed to put Twitter on-chain and make it open-source, accept Dogecoin for payments for Twitter services, and go after crypto spam bots.

But then, in texts with a representative for FTX CEO Sam Bankman-Fried, Musk wrote, "Blockchain Twitter isn’t possible. The bandwidth and latency requirements cannot be supported by a peer to peer network, unless those ‘peers’ are absolutely gigantic, thus defeating the purpose of a decentralized network."

And yet! Binance, the biggest crypto exchange in the world, backed Musk's final buy to the tune of $500 million and is "creating an internal team to focus on ways that blockchain and crypto could be helpful to Twitter,". Read more...

Samsara Eco raises $54M AUD for its ‘infinite plastic recycling’ tech

If you're sick of seeing plastic pollution in your local waterways, you might want to check out Samsara.

The Australian startup just raised $54 million AUD (about $34.7 million USD) in Series A funding for its enzyme-based technology, which breaks down plastics into their molecular building blocks. With that money, Samsara plans to build its first plastic recycling facility in Melbourne later this year, with the target of full-scale production by 2023.

Samsara's new funding will be used for expansion, building its library of plastic-eating enzymes and funding its first commercial facility, which it says will be able to infinitely recycle 20,000 tons of plastic starting in 2024. It will also grow its engineering team and expand operations into Europe and North America.

The company’s enzyme-based technology breaks down plastics into their molecular building blocks to produce new plastic products — which can in turn be broken down again, creating what Samsara refers to as infinite plastic recycling. Read more...

Can web3 beat public cloud?

There are a growing number of voices heralding Web3 as the future of the internet, and this technology (concept?) is receiving considerable coverage at conferences, in the technology press, and internet forums. It was time to put Web3 to the test and see how it fares against the contemporary approach to building apps - the cloud. Unfortunately It found Web3 to be very lacking.

Ethereum is ridiculously expensive - it costs x100,000,000 more to run my app on this network versus running it on AWS

Running costs are unpredictable - you’re at the mercy of both fluctuating gas prices, and the token exchange rate

You can get priced out of the market - in the extreme case of the above, if demand is high, you can get priced out of the network (i.e. your code won’t run)

Migration is very expensive - migrating to a new contract involves transferring all your contact state, this is a very expensive part of the process

It’s not really decentralised - nothing in this technology ensures you yield control to your users.

Given the above, I would not consider Web3 a viable alternative to public cloud at the moment. In fact, I seriously doubt it ever will be. I do not buy into the notion that this will be the next ‘big thing’ or that it is the future of the web. Read more...

What Is Cross-Chain Bridging? (And Why Do You Need It?)

Cross-chain bridging means transferring crypto assets and information between independent blockchains, enabling users to access and interact with different protocols. As you may know, layer-1 (L1) blockchains are separate networks not able to communicate with each other. 

Of course, things were quite simple in the early stages of Ethereum. After all, Ethereum – the first programmable chain – was focused on dapp development, while Bitcoin served for high-value transfers. As such, there was no actual need for cross-chain bridging. However, the Ethereum chain couldn’t successfully manage the high interest that devs displayed in Web3 development. Plus, many users couldn’t afford the exorbitant gas fees when the network was busy. Thus, many so-called “Ethereum killers” emerged. In addition to many new L1 blockchains, some teams also focused on creating layer-2 (L2) chains. As a result, there are now over 125 blockchains, and most of these chains come with their native cryptocurrencies.

Before cross-chain bridging solutions existed, you had to do more than transfer assets from one chain to another—even between L2s and their base L1s! This meant using centralized exchanges. This was not only time consuming but also resulted in wasting money on fees. Read more...

Rewind

There are many reasons you should use Rewind.

For starters, it doesn't store your recordings in the cloud. That's right—there's no cloud integration or IT required. You're probably thinking: "But how does it work? How can I search for anything I've seen, said, or heard?"

We use native macOS APIs and Optical Character Recognition (OCR) to recognize & index all the words that appear on your screen. This means you don't need to integrate with cloud products like Gmail, Dropbox, or Slack. Rewind starts capturing these apps right away, with no IT required.

Mind-Boggling Compression: Storing all the recordings locally means compression is very important. We compress raw recording data up to 3,750x times without major loss of quality. For example, 10.5GB of raw recording data becomes 2.8MB. That means that even with the smallest hard drive you can buy from Apple today, you can store years of recordings.

But that's not all! In order to enable you to search for anything you’ve said or heard, we use state-of-the-art Automated Speech Recognition (ASR). This is particularly useful for meetings, where the content of discussions, debates, and decisions are often lost forever as soon as a meeting is over. With Rewind, you never have to worry about losing this content again. Rewind can capture the content of meetings—including everything that is said and everything that is shared visually—in real time so nothing gets lost! Read more...

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