DiGiSPICE: Industry Monitoring 03 May 2019
- Priyanka Kanodia
- May 9, 2019
- 7 min read
DiGiSPICE
Industry News
Cevian Capital makes "minor" reduction in Ericsson stake
Publication- ET Telecom
Edition- Online
Date- 03 May, 2019
Activist fund firm Cevian Capital, Ericsson's largest owner, has made "a minor adjustment" in its holding in the mobile telecom equipment maker, selling 22 million B-shares in recent months, Cevian Managing Partner Christer Gardell said on Thursday.
"It has nothing to do with our view of the potential of the Ericsson stock," Gardell said in a text message to Reuters.
"We continue to be Ericsson's largest owner with around 25 billion crowns invested in the company."
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How Paytm Killed Its E-Commerce Dream In India (Part I)
Publication- The Sentinel Assam
Edition- Online
Date- 03 May, 2019
Exactly two years back, Paytm founder and CEO Vijay Shekhar Sharma, keeping Alibaba model in mind, took a plunge into the burgeoning e-commerce space where Amazon and Flipkart (now owned by Walmart) were two dominant forces.
Nurturing a little grudge that he never had a chance to study at the Harvard University, Sharma de-merged the e-commerce business into a separate entity by the name of Paytm Mall to address India’s large online retail opportunity with cashbacks.
Confident that the growing number of smartphone users would help it sail through, the new entity started off with the same shareholding as the parent company of it– One97 Communications Limited – and raised $200 million from SAIF Partners and Jack Ma-run Alibaba Group Holding Ltd. Paytm Mall managed to raise over $650 million from Alibaba, SoftBank and SAIF Partners.
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Microsoft rolls out new cloud services for AI and blockchain
Publication- The Economic Times
Edition- Online
Date- 03 May, 2019
Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use. Microsoft released the tools ahead of its software developer conference next week in Seattle. Once known mostly for its Windows personal computer operating system, the company now relies on revenue growth from its cloud-based computing and software services, most of which are sold to other businesses.
While Microsoft still trails the cloud computing leader Amazon.com Inc’s Amazon Web Services in revenue, it has taken a different approach to the market, designing many of its services to be run in either Microsoft's Azure data centers, its customers private data centers, or a combination of the two. Amazon, by contrast, at first asked customers move their data to its own servers, though it too has in recent years moved toward Microsoft's "hybrid" approach.
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myNK: India’s first blockchain powered VOD platform is here
Publication- The Asian Age
Edition- Online
Date- 03 May, 2019
MinersINC, India’s pioneering blockchain powered entertainment portal, recently launched the Beta version of the country’s first blockchain powered VOD platform myNK. The platform comprises of a library curated with over 200 movies (never before released in India) sourced from 34 countries and 23 languages, including critically acclaimed award-winning content from iconic festivals such as Tribeca, Cannes, Sundance, Berlin for Indian world cinema lovers for whom the realm of cinema goes beyond Hollywood and Bollywood. MinersINC will officially launch the app in June.
myNK will feature international films such as Banksy Does New York, Burma VJ, Cinema Novo, Flamenco at 5.15, The Fabulous Allan Carr, Fish Tank , Glory, Google and the World Brain, The Light of the Moon, The Man Who Saved the Louvre, Rellik and Tonio, among others.
To get access to the edgiest work across the globe for the film enthusiasts, MinersINC has collaborated with the best of private and state-run international content rights holders such as all3media, Kew Films, Wide Management, Off The Fence, Firsthand Films, Dutch Features, ELO, Imagination Films, NFB Canada, The Film Collaborative, and many more. This collaboration is the first of its kind for an Indian homegrown VoD platform.
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Persistent Systems joins Siemens partner program to push Industrial IoT
Publication- Tech Observer
Edition- Online
Date- 03 May, 2019
Persistent Systems said it has joined Siemens’ MindSphere Partner Program to deliver its Industrial IoT solutions to market. MindSphere is the cloud-based, open IoT operating system from Siemens that connects products, plants, systems, and machines, enabling businesses to harness the wealth of data generated by the Internet of Things (IoT) with advanced analytics.
Persistent is delivering MindSphere solutions for Smart Energy Management, Overall Equipment Effectiveness (OEE) and other related offerings to manufacturing clients in APAC and North America. In addition to offering clients a fast track to remote connectivity and management for machines and programmable logic controller (PLC) assets through its MindSphere “Connect & Monitor” integration services, Persistent offers custom analytics that leverage MindSphere Analytics and Machine Learning service APIs.
“Aside from the benefit of working with a partner like Siemens with a huge installed base of industrial automation controllers, MindSphere can help reduce the amount of time it takes for us to develop applications for our clients, while retaining the option to develop related services on the cloud services from AWS and Microsoft Azure, where Mindsphere is available,” said Sanjeev Srivastav, General Manager – Industrial & IoT Practice, Persistent Systems.
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Blockchain is not as secure as it ought to be; Here’s why
Publication- Tech Observer
Edition- Online
Date- 03 May, 2019
Blockchains have been promoted as fair and open, constructed so a single user can’t falsify or alter records because they’re all part of a transparent network. However, the reality is not so simple, according to new Cornell Tech research. Like high-frequency traders on Wall Street, a growing army of bots exploit inefficiencies in decentralized exchanges, which are places where users buy, sell or trade cryptocurrency independent of a central authority, the study found. The researchers also found that high fees paid to prioritize certain transactions pose a security threat to the entire blockchain.
These practices allow predatory users to anticipate and profit from everyday trades, siphoning millions or possibly billions of dollars a year in cryptocurrency. “In a traditional system you have a broker or someone you’re trading through, and you trust them, or they’re legally required to do the right thing,” said Philip Daian, Cornell Tech doctoral student in computer science.
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TechM’s blockchain to help telcos control pesky calls
Publication- Telangana Today
Edition- Online
Date- 03 May, 2019
The Telecom Regulatory Authority of India (Trai) is all set to unveil a regulation that outlines a plan to combat SMS and call spam. As part of the regulation, subscribers will have the option to give consent and unconsent to what kind of SMS and calls they seek to receive. On the other hand, all telecom companies’ subscriber data will be stored on an encrypted and distributed database which will be through use of blockchain. The regulation is all set to be unveiled by May end and those telcos not complying with these guidelines will incur huge penalty. As part of the regulation, the customer will have to just register their preferences in the app provided by their operator.
In order to help telcos build the database through a distributed ledger technology, Tech Mahindra has demonstrated its proof of concept and proof of technology to Trai. It has already partnered with one telecom company to provide a blockchain-based solution for over 300 million subscribers out of the 800 million active telecom subscribers. In addition, it is also in talks with few more telcos and will be adding 100 million more subscribers onto its platform.
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Amazon goes live with its blockchain managed service
Publication- Computer World
Edition- Online
Date- 03 May, 2019
Amazon on Tuesday announced the general availability its Amazon Managed Blockchain, a fully managed service that makes it easy to create and manage scalable blockchain networks. Amazon originally announced the blockchain-as-a-service (BaaS) at its AWS re:Invent conference in November, inviting companies to sign up for a pilot of it. Jeff Barr, chief evangelist at Amazon Web Services, said the offering is now available for production use in the U.S. East (North Virginia) Region.
"You can use it to create scalable blockchain networks that use the Hyperledger Fabric open source framework, with Ethereum in the works," Barr said in a blog post today. "You can create your network in minutes. Once created, you can easily manage and maintain your blockchain network. You can manage certificates, invite new members, and scale out peer node capacity in order to process transactions more quickly."
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HTMLCoin partners with BlockPay to build Blockchain-based transactions protocol
Publication- Money Control
Edition- Online
Date- 03 May, 2019
The HTMLCoin Foundation has recently announced a partnership with BlockPay. Within the terms of the agreement, BlockPay will utilize the AltHash Blockchain to bring an extra level of confidence and security to its fiat transactions solution, while developmental and maintenance support of all blockchain-related structures will be provided by the HTMLCoin Foundation's tech teams.
"Our team has developed a unique formula that allows international financial transactions with standard currencies without an intermediary. At the moment, we are well on our way to making a platform that will allow both online and offline transactions for all types of users, both individuals and businesses. BlockPay is seen as one of the largest online payment systems for the next 25 years," explains Nejc Paradiž, BlockPay's CEO.
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KPMG to join Trusted IoT Alliance Organization
Publication- Money Control
Edition- Online
Date- 03 May, 2019
KPMG LLP announced that it's joining the Trusted IoT Alliance organization, to help catalyze the expansion of a blockchain-enabled and trusted Internet of Things (IoT). Blockchain's decentralized systems have the opportunity to improve IoT infrastructure, allowing companies to simplify business processes, improve customer experience, and achieve significant cost efficiencies through the use of IoT. The mission of the Trusted IoT Alliance organization is to develop and set the standard for an open source blockchain protocol, and to support IoT technology in major industries worldwide for Fortune 500 enterprises, blockchain developers, and blockchain technology companies.
According to KPMG's U.S. Blockchain Leader Arun Ghosh, "Our membership with the Trusted IoT organization brings together the key players in business transformation and technology to drive a secure and standardized IoT framework backed by blockchain. This will enhance the value of these emerging technologies for both KPMG and our clients, while enabling us to help improve data security among IoT devices and networks."
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