DiGiSPICE: Industry Monitoring 06 February 2019
- Priyanka Kanodia
- Feb 6, 2019
- 11 min read
DiGiSPICE
Industry News
Don't let Huawei help set up 5G mobile networks, US warns EU nations
Publication- Business Standard
Edition- Online
Date- 06 February, 2019
US officials are fanning out across Europe to warn about the security risks of allowing Chinese telecoms giant Huawei to help build 5G mobile networks, a US diplomat said Tuesday. Washington considers the matter urgent as European Union countries prepare to roll out fifth-generation networks that will bring near-instantaneous connectivity, vast data capacity and futuristic technologies.
"We are urging folks not to rush ahead and sign contracts with untrusted suppliers from countries like China," a US State Department official told reporters in Brussels. The official said he was meeting EU officials as well as those in Belgium, France and Germany, while colleagues will be travelling to Spain and elsewhere to underline US concerns. Experts say Huawei is between six months and one year ahead of Sweden's Ericsson in terms of the quality of its 5G equipment.
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Onmobile Global Limited Renews Its Contract With Telefónica España
Publication- Business World
Edition- Online
Date- 06 February, 2019
Telefónica is one of OnMobile’s largest customers. OnMobile has been providing videos, editorials, games and tones and a host of similar services to Telefonica’s subscribers since 2012. The long-term contract renewal ensures continued revenue growth and is a testimony to the deep and trusted relationship that OnMobile has with Telefónica. "Our strong portfolio of products and long-standing operator relationships including Telefonica has played an instrumental role in cementing our position as a global leader in mobile entertainment," said Iñaki Martín Velasco, President& Chief Operating Officer Americas and Europe, OnMobile Global Limited. "We strive to engage consumers in new ways by consistently providing them with future-forward products, and Telefonica has been a great partner in helping us to achieve this goal."
"We are excited about the long-term continuation of our partnership," said María Jesús Almazor, Consejera Delegada de, Telefónica España, S.A.U. "OnMobile's strong mobile entertainment product offerings have helped establish Telefónica as a leading premier mobile entertainment destination in the industry. In the years ahead, we see a new opportunity for growth and continued success through our partnership with OnMobile."
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Paytm Money introduces ‘Register SIP Now, Pay Later’ feature for MF investments
Publication- Deccan Chronicle
Edition- Online
Date- 06 February, 2019
India's largest online platform for mutual fund investments and the wholly owned subsidiary of One97 Communications Limited that operates Paytm, today announced the launch of the industry-leading “Register SIP Now, Pay Later” feature for its users.
A vast majority of investors on Paytm Money choose to invest via SIP mode in mutual funds on its app. With this newly launched feature, all investors now have the option to start their SIPs by making the payment immediately or choosing to pay later. For users opting for this, Paytm Money sends the SIP for registration to the AMC once the first payment for the Mutual Fund scheme is made successfully.
Pravin Jadhav, Whole-time Director, Paytm Money said “Paytm Money encourages disciplined investing in mutual funds via SIPs for its investors, and we are pleased to see that more than 75% of our investors are opting for SIPs. With the ‘Register SIP Now and Pay Later’ feature investors who wanted to invest via SIPs, but, didn’t have funds at the time of registering, can now choose to make the payment when they have the required funds. Paytm Money will continue to innovate in this space with the aim to provide the best SIP management experience to its users”.
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Trends that will shape digital communications in 2019
Publication- Deccan Chronicle
Edition- Online
Date- 06 February, 2019
2018 has been a momentous year. The National Telecom Policy became the National Digital Communications Policy (NDCP). Telecom Commission became the Digital Communications Commission. This is a heartening trend because we have always been of the opinion that communication has grown far bigger than just telecom. While a name change may seem like a small move, it denotes a shift in how the government is looking at propelling the future of communication in India.
IoT will be omnipresent
India is gearing up for 5G auction in 2nd half of 2019. Cisco, Samsung, Ericsson, Nokia, Intel and Sterlite Tech will invest more than Rs 4,000 crore in India, inline with the goal to achieve a capital gain of $100 billion as per National Digital Communications Policy 2018. Bharti Airtel has inked memorandum of understanding (MoU) with Nokia and Ericsson on preparation of 5G rollout.Reliance Jio is preparing to launch 5G services within six months of spectrum allocation. The telco is deploying optic fibre which forms the backbone of a 5G network.
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Comviva powers one billion caller tunes in India every-day
Publication- Telecom Lead
Edition- Online
Date- 06 February, 2019
Comviva announced that its caller ring back tone (CRBT) Platform is powering one billion caller tunes in India every-day, accounting for 86 percent of all the CRBT traffic originating in the region. Globally, Comviva is powering personalized music ring back tone for 224 million mobile users, grabbing 45 percent share in worldwide market.
Comviva’s CRBT has done two dozen deployments across the globe. The company handles the world’s single largest VoLTE CRBT deployment allowing the subscribers to search and discover caller tunes from a library of over 4 lakh songs across genres such as Bollywood, regional, international, instrumental, and devotional content.
Atul Madan, chief operating officer, Mobile Lifestyle Solutions at Comviva said its CRBT platform allowed telecom operators across geographies to drive deeper customer engagement with personalized ring back tones.
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5 Key Artificial intelligence Trends for 2019
Publication- CIOL
Edition- Online
Date- 06 February, 2019
Internet of Things (IoT), Artificial Intelligence (AI), Machine learning (ML) and Deep Learning, have been fashionable keywords of 2018 and the hype will continue in the year 2019 as well. In the past few years we have seen exciting technological breakthroughs, these advancements changed the way we live and will impact our lives in future as well. AI is among the hottest topics which are going beyond our imagination.
Rohit Maheshwari, Head – Strategy & Products, Subex, talked about the impact of AI that can transform the industries – “The World and indeed India in particular, is headed into the golden age of AI implementation during which AI will have a profound impact on economy and society. We are witnessing unprecedented levels of advancements, particularly in perception AI technologies such as computer vision and natural language processing.
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Artificial Intelligence (AI), internet of things power student projects to manage disasters
Publication- The Times of India
Edition- Online
Date- 06 February, 2019
Artificial Intelligence (AI), internet of things (IoT) and mixed reality powered drones, applications and projects targeted at predicting or managing natural disasters in a more effective manner emerged as winners of the Codefundo++ National Challenge, organised by Microsoft India. Over 5,000 students from 21 top engineering colleges participated in the challenge, which kicked off in September 2018 under the theme, “Building stateof-the-art technology to predict or manage natural disasters better”.
These were then whittled down to the 21 top projects, with IIT Madras ultimately emerging as the winner, followed by IIT Guwahati and IIT Jodhpur as the first and second runners-up on Tuesday. The teams won cash prizes of Rs 5 lakh, Rs 3 lakh and Rs 1 lakh respectively, and received credits for the AI for Earth programme launched by Microsoft. IIT Madras: UAVs for Disaster Management (Ayush Maniar, Rajat Singhal, Pranav Pawar) “When a disaster strikes, it’s extremely important to be able to identify the affected people, who may need emergency medical care.
This drone powered by AI, fitted with a camera and using activity recognition software, will be able to transmit real-time information on the locations of the people who may either be injured, stranded or covered in debris. Since a single drone may not be able to cover an entire city, a swarm of them can be used,” said Ayush Maniar.
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SPA, Factom team up with Blockchain
Publication- BW CIO World
Edition- Online
Date- 06 February, 2019
Systems Planning and Analysis Inc. (SPA) is teaming with Factom Inc. to explore the application of blockchain technologies to Department of Defense (DOD) and federal customers. "I am excited about our partnership with Factom and I believe that our two organizations represent a unique blend of analytic-based consulting expertise along with information technology and blockchain-based solution development," said Dr. William Vantine, SPA president and CEO.
"Paul Snow and his team at Factom are leading providers of blockchain-as-a-service and are uniquely positioned to grow in the defense industry through their work with the Department of Homeland Security," said Matt Ives, director of Business Operations for Surety Programs Group at SPA. "At SPA, we take immense pride in providing cutting edge and the highest caliber solutions to our customers. Teaming up with Factom is a rare and extremely compelling opportunity to continue with this tradition."
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Blockchain Technology In Healthcare Market To Hit $1,636.7 Mn By 2025, Predicts Report By Global Market Insights
Publication- Express Computer
Edition- Online
Date- 06 February, 2019
Global Blockchain Technology in Healthcare Market is set to surpass USD 1,636.7 million by 2025; according to a new research study published by Global Market Insights, Inc. Increase in cost savings for several healthcare applications with the help of blockchain technology will drive business growth in the forthcoming years. Blockchain is a recognized technology that is helping healthcare facilities save huge amounts of money from frauds, counterfeit drugs and hence, positively impact the outcomes of healthcare. Healthcare data breaches cost around USD 380 per patient record, resulting in high annual losses. Hence, implementation of blockchain technology in healthcare will help save billions of dollars.
Germany dominated the Europe blockchain technology in the healthcare market and was valued at around USD 2.9 million in the year 2018. Various companies and cities in the country are turning into a development hub for blockchain technology. Several German firms are planning to integrate and implement blockchain technology due to increased automation, efficiency and speed. Pharma giant Merck is currently investigating the use of blockchain technology in healthcare for setting up registries of vaccines and transactional histories for patients. Growing demand and adoption rate in the country will boost the market growth in the near future.
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Understanding Four Phases Of The Blockchain Spectrum
Publication- CXO Today
Edition- Online
Date- 06 February, 2019
It’s easy to be swept up in the promise and hype of blockchain, but the reality is that most solutions marketed as “blockchain” are missing key components — particularly tokenization and decentralization. This “blockchain whitewashing” creates confusion in the market for CIOs and business leaders as they assess the cost-benefit analysis of blockchain. Further, this picture isincomplete and fails to address the evolving nature of blockchain technology.Within three to five years, many of blockchain’s core technical challenges are likely be resolved.
When considering the use of blockchain, CIOs need a model that can enable them to easily and accurately align the needs of their enterprise with the appropriate blockchain solution or alternate technology.
Gartner created the Blockchain Spectrum to examine the phased evolution of blockchain solutions and how this path aligns to the anticipated value businesses can derive.The Blockchain Spectrum is made up of four archetypes broken down by offerings and characteristics, some of which won’t fully develop for years. Each of these phases offers opportunities and risks, but CIOs should begin experimenting at some level.
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In Its 1st Blockchain Deal, Facebook Acqui-Hires Chainspace
Publication- Indian Web2
Edition- Online
Date- 06 February, 2019
Last year in January, Facebook founder Mark Zuckerberg showed its interest in both cryptocurrencies and technology behind it — Blockchain. Thereafter, the social networking giant seriously started exploring ways to leverage the power of blockchain technology. Now in a latest to this “Facebook-Blockchain” news, the company has reportedly made its first acquisition in the blockchain industry by acqui-hiring a-year-old blockchain startup Chainspace, reported Cheddar, a blockchain industry news portal.
The acqui-hiring report, which is yet to confirmed by Facebook, said that Facebook had hired most of the core team behind Chainspace but not any of the startup’s technology. Based out of Gibraltar, a British Overseas Territory, Chainspace is a planetary scale smart contracts platform. An all purpose blockchain infrastructure for mavericks, entrepeneurs and enterprise.
Launched last year, by Dave Hrycyszyn, George Danezis and Alberto Sonnino, the Chainspace platform is powering a community of makers who are committed to building decentralized services that allow to have greater ownership and control of how to interact with the digital world.
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SWIFT Developing New Blockchain-based Proof-of-Concept Gateway in Partnership with R3
Publication- Crypto News
Edition- Online
Date- 06 February, 2019
Blockchain is one of those disruptive technologies which is threatening the business of several Fortune 500 companies. Two major ones among them are credit card payment processor MasterCard and cross-border remittance facilitator SWIFT. The ability of blockchain-based payment networks to process international transactions in a much faster and cost-effective manner is what’s attracting more and more financial institutions towards payment rails like Ripple. And both these companies – including SWIFT and MasterCard – are watching this.
It’s becoming increasingly clear with every passing day that don’t adopt this revolutionary technology will be left behind, and those who accept it will stand to make a fortune much larger than they did with technologies existing till date. MasterCard already realized this long time ago and started accumulating a large number of blockchain patents despite its resistance towards cryptocurrencies, but SWIFT was not so swift in walking on the right path.Finally, however, it has also decided to do the right thing.
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Blockchain Events 2019 To Educate Attendees
Publication- Owlt Market
Edition- Online
Date- 06 February, 2019
The Blockchain events company EVOLV is a parent company who came up with a few debuted events in 2019 in order to educate attendees about Blockchain technology and its debuted events are HODL Rally, Vegas Blockchain Week and World Crypto Conference (WCC). The company basically aims to deliver the world’s most immersive and experiential gatherings.
EVOLV organizes events with the main objective to provide industry leaders with a global platform where they can share their projects and technologies not only with attendees but also with those businesses, investors, experts, and developers who are actually using blockchain and cryptocurrency on a daily basis.
HODL Rally is known as the world’s first cryptocurrency-inspired supercar rally. It will be held across the European Continent for 8 days where attendees will be provided with crypto-themed experiences. It also includes a week-long series Barcelona Blockchain Summit which will feature executives in order to showcase solutions along with real-life use cases of the blockchain.
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How Blockchain Technology Contributes To Gaming Sector
Publication- Owlt Market
Edition- Online
Date- 06 February, 2019
The Blockchain technology company HashCash Consultants will work with one of the Australian video game developers and that developer is not revealed yet. It aims to explore options which are built on the blockchain
HashCash provides its clients with the white label blockchain solution and the comprehensive ICO services. This company pairs up the generated token with fiat currency and leading cryptocurrencies like Bitcoin, ether, and HCX for trading purpose. It is designed with features such as Market, Limit, Stop Orders, Margin in order to enable orders placing along with increasing the trade volume.
It accepts multiple currencies investments and therefore its ICO partners help in huge funding options. It has the ability to customize its own native digital asset on the blockchain along with the integration of its generated ERC token on its network.
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Ethereum Blockchain is the Platform of Choice for Scammers, ICO Exits to Ponzi Schemes
Publication- Crypto News
Edition- Online
Date- 06 February, 2019
Ethereum has been voted as the preferred platform for scammers, according to the research report by Chainanalysis. In its report, it has stated that Ethereum continues to be one of the most commonly used blockchain platforms for conducting scams against otherwise unsuspecting patrons.
The amount stolen through ETH-based scams in 2018 amounted to $36 million, which is more than double that of 2017 from $17 million, and this equates to 0.01 per cent of the total ETH circulation.
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MonetaGo continues to drive blockchain adoption in financial fraud prevention in India; supply chain financier CredAble to implement company’s blockchain solution
Publication- Qrius
Edition- Online
Date- 06 February, 2019
Financial frauds and data compromise are persistent problems for enterprises around the world, with technological advancements giving rise to new issues. Various risk analysts count cyber threats among the top-10 operational risks for businesses in the digital day-and-age, where virtual transactions are rapidly replacing physical – or face-to-face – interactions. However, the corporate world has started to realise the potential of the Blockchain technology as few tech-start-ups, such the MonetaGo, have successfully utilised it to combat this threat.
MonetaGo is one of the first companies to use enterprise-grade Blockchain software to detect and mitigate inconsistencies in financial transactions and is one of the leading drivers behind the adoption of the cutting-edge technology in countries with booming economies like India.
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Vodafone Idea and Genus Power Infra Commence Narrowband IoT Trials
Publication- CIOL
Edition- Online
Date- 06 February, 2019
Vodafone Idea Business Services (VIBS) announced its strategic partnership with Genus Power Infra. Through this partnership both companies are working together to establish a commercial scale POC (Proof of Concept) of NB-IoT networks in India.
Advanced trials are being conducted at Genus’s R&D facility at Jaipur, Rajasthan around one of the most promising use of NB-IoT – AMI (Automatic Metering Infrastructure). These intensive trials planned not just promise to bring in the age of massive IoT deployments in the country but also promises to take ahead the government’s mission of Digital India & Make in India initiatives.
Thrilled by this venture, Nick Gliddon, Chief Enterprise Business Officer, Vodafone Idea said, “Narrowband IoT is the next growth engine in the IoT space which allows greater network coverage, improved battery life of 10 years plus for devices, and the ability to slice and partition the network for specific use case, to make massive IoT deployments commercially viable for enterprises across verticals.
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