DiGiSPICE: Industry Monitoring 09 May 2019
- Priyanka Kanodia
- May 13, 2019
- 7 min read
DiGiSPICE
Competitors
Ericsson 5G tesbed suspends work due to unavailability of spectrum
Publication- The Economic Times
Edition- Online
Date- 09 May, 2019
Launched with much fanfare by telecom minister Manoj Sinha and Ericsson president and CEO Börje Ekholm last year, Ericsson’s 5G innovation lab has stopped its 5G-related work around technology testing and use cases after its radiating spectrum license expired. The lab was established in collaboration with the Indian Institute of Technology, Delhi, at the city campus in July 2018. The centre was set up with the aim to support the Indian government’s plans to foster a robust and vibrant 5G ecosystem in India.
eople familiar with the matter said that Ericsson initially got an approval to use radiating spectrum for three months, which it renewed a couple of times. However, Ericsson was asked to pay commercial fee for the usage of trial spectrum now, hence the company stopped the work at the lab. “They are now awaiting the recommendations of the telecom ministry panel on the spectrum for the test run. It will cover both non-radiating and radiating spectrum for 5G trials,” a person privy to the matter told ET.
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Industry News
The rise of India's new billionaires and the fall of the old
Publication- The Economic Times
Edition- Online
Date- 09 May, 2019
The payment guru
Vijay Shekhar Sharma founded One97 Communications in 2000 when fewer than 10 million Indians were online. Business at his Paytm digital payment unit soared after the government eliminated 500 and 1,000 rupee banknotes at the end of 2016. An August 2018 funding round valued One97 at more than $10 billion, people familiar with the matter said at the time. Sharma currently owns 15 per cent of the company, according to a person familiar with the matter.
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Facebook readies secretive blockchain currency for India with ex-PayPal recruits
Publication- The Economic Times
Edition- Online
Date- 09 May, 2019
The inner workings of Facebook Inc.’s blockchain team are still shrouded in secrecy, but it’s staffing up, according to people familiar with the group. Those people said that its product, which Bloomberg earlier reported will be a type of cryptocurrency, could be announced as soon as next quarter. Launched last May, Facebook’s blockchain unit now counts 50 employees. A significant number of those employees—about one in five—used to work at a single company: PayPal Holdings Inc. This quasi-reunion, driven by the group’s leader, former PayPal president David Marcus, is the latest signal of Facebook’s wider ambitions to integrate payments into its platform.
The people Bloomberg spoke to about the project asked not to be identified because information about the blockchain team is closely guarded at the social networking giant. Facebook declined to comment on the team organization or its plans. According to Facebook insiders, the blockchain group is developing a stablecoin, a type of digital currency pegged to the US dollar or a basket of currencies, making it less prone to swings in price. The first country that will test the new currency is said to be India, a region that is particularly appealing for Facebook because it still has room to expand.
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Building a trusted, collaborative supply chain using Blockchain: View
Publication- ET CIO
Edition- Online
Date- 09 May, 2019
Blockchain technology provides greater transparency and security in carrying out business transactions by maintaining immutable transaction records within a distributed network of mutually untrusting peers. A secure distributed consensus protocol is used for maintaining the ledger and blockchain has a framework for automatically executing smart contracts based on the state of the distributed ledger. Blockchain technology has been seen as a very promising technology in supply chain and logistics industry.
Infact, it is one of the key industry that has seen lot of early adoption of the technology by big giants such as Walmart, Maersk, De Beers, etc. Applications related to product traceability, international trade finance, paperless trade, etc. are the initial ones that are getting deployed. Blockchain is enabling more transparency, security, and streamlining some of the information flow thus making the overall process efficient with improved trust. As mentioned in the Harvard Business report, “The Truth About Blockchain”, true blockchain led transformation of business will take several years. Blockchain is not a disruptive technology.
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Samsung’s new Exynos i T100 chip is built for reliable, secure IoT devices
Publication- Deccan Chronicle
Edition- Online
Date- 09 May, 2019
Samsung Electronics, a leader in advanced semiconductor technology, announced a new Internet of Things (IoT) solution, the Exynos i T100, which enhances the security and reliability of devices designed for short-range communications. Along with the previously introduced Exynos i T200 for Wi-Fi and Exynos i S111 for long-range narrow-band (NB) communications, the launch of the Exynos i T100 allows the company to cover a wider gamut of connectivity for today’s IoT devices.
Based on a power-efficient 28-nanometer (nm) process technology, the Exynos i T100 is optimized to be used with short-range IoT devices that automate and control environments within homes or businesses. The vast array of applications for such devices would include smart lighting, home security and monitoring, temperature control, fire and gas detectors, and fitness wearables.
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Microsoft Brings Plug and Play to the Internet of Things
Publication- PC Magazine
Edition- Online
Date- 09 May, 2019
We've been hearing a lot about the Internet of Things (IoT) these days, but how can developers connect their code with IoT devices, which often use proprietary, tightly coupled inputs and outputs? There's no standard way to know which kinds of data a particular device can send. Until now.
Back in the days of Windows 95, Microsoft had a similar problem: connecting the operating system with printers and other hardware peripherals. Ultimately, the company came up with the Plug and Play model, which made printer capabilities clear and certified the devices.
We're going through a similar phase with IoT devices right now, and once again, Microsoft's response is to create a plug-and-play solution for IoT, called—unsurprisingly—IoT Plug and Play.
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Salesforce exec: Some clients just want blockchain for one purpose
Publication- Computer World
Edition- Online
Date- 09 May, 2019
More and more Salesforce clients are experimenting with blockchain technology, but in most cases they wind up stuck in a proof of concept, unable to move into production, according to Salesforce's Senior Vice President of Emerging Technology, Adam Caplan.
"We haven't seen a lot of successful wins," Caplan said during a talk on blockchain's role in the enterprise at MIT Technology Review's Business of Blockchain conference here last week. "Part of the reason...is talent. Fifty-five percent find the challenge is finding the right, skilled workers. But also relevant is the technology is hard to work with."
And that complexity can get in the way, he said. For example, Caplan commonly finds clients flummoxed when he tries to explain what the term "consensus" means in the context of blockchain. "If anyone has figured out how to do that, please let me know," he said.
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5th Smart Cities India 2019 Expo: Providing a Platform to India’s Future
Publication- Krishi Jagran
Edition- Online
Date- 09 May, 2019
India has emerged as one of the fastest growing economies in the world and is expected to be one of the top three economic powers over the next 10-15 years. The country’s real estate sector alone is expected to reach a market size of $1 trillion by 2030, from $120 billion in 2017, to contribute 13 per cent to the country’s GDP by 2025.
The Government of India has collaborated with State governments and at the city level to undertake several initiatives that would encourage growth in the sector. Under the Smart Cities Mission, the Union government is developing 100 ‘Smart Cities’ to drive economic growth and improve the quality of life for millions of Indians. The primary focus is to enable local development and harness technology as a means to create smart infrastructure for the benefit of citizens.
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IoT Startup for Cold Chain Logistics Tagbox Raises $3.8 Mn from TVS Motor
Publication- Indian Web2
Edition- Online
Date- 09 May, 2019
Just a week after investing in Pune-based Industrial Internet of Things (IIoT) startup Altizon Inc, TVS Motor Company today announced that it has invested $3.85 million in Series A round of funding of TagBox, a Bangalore-based IoT and Analytics solutions startup catering Cold Chain Logistics supply chain market, reported Business Line. The fund round was led entirely by TVS Motor Company and its Singapore-based subsidiary TVS Motor (Singapore) Pte. Limited, which led the $7 million series A+ funding round of Altizon, in late last month.
TagBox plans to use the funds to strengthen product innovation and R&D, while expanding its global footprint. The startup, which uses IoT, Machine Learning and Automation for its solutions offerings, will continue to invest in its BoxLens and AssetLens platforms and develop new predictive analytics and automation solutions to solve various customer use cases.
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Indian Think Tank Launches Pilot to Issue Certificates on Blockchain
Publication- Crypto News
Edition- Online
Date- 09 May, 2019
The Government of India has finally launched a solution to counter the issue of academic certificate counterfeit issue for a while. Niti Aayog, the policy think tank headed by the Government of India signed an Statement of Intent (SoI) agreement with Auxesis Group, an Indian blockchain infrastructure company in February last year.
Auxesis on Wednesday announced the launch of a full-blown certificate management solution, Certify, for Indian Universities to issue their degrees on blockchain. Chandan Chowdhury, Associate Dean, Indian School of Business said, “Counterfeiting of university certificates is a global problem. Increasingly this is becoming a big issue also in our country. Certify, as a full stack blockchain solution, offers a compelling resolution to certificate forgery problem. I also liked the DApp frontend layer which provides an intuitive way of issuing as well as verifying these certificates.”
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Microsoft Releases New Azure Blockchain Development Kit For Ethereum Blockchain
Publication- Krypto Money
Edition- Online
Date- 09 May, 2019
Microsoft announces the release of a new Azure Blockchain Development Kit specifically for the Ethereum blockchain, in an official blog from Microsoft Azure blog, Build Azure on May 6. An extension to Microsoft’s source-code editor Visual Studio Code, the new offering has been reportedly designed to aid app developers using Azure Blockchain Service, Microsoft’s newly-released blockchain-as-a-service (BaaS) platform.
As for the new kit, it will purportedly be used for building apps on the public Ethereum network, enabling developers to employ open source blockchain tools such as Solidity and Truffle. The blog goes on to note that the Visual Studio Code already incorporates community-published Solidity and other blockchain tools, this is the first official set of such development tools officially released by Microsoft. The post stating:
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Blockchain Company Data Gumbo Raises Funds To Expand Commercial Blockchain Network
Publication- Owlt Market
Edition- Online
Date- 09 May, 2019
A Houston-based blockchain company called Data Gumbo Corporation has made an announcement of securing $6 Million in a Series A equity funding round. The venture subsidiary of Saudi Aramco called Saudi Aramco Energy Ventures and the venture subsidiary of Equinor called Equinor Technology Ventures co-led the funding round.
$9.3 million is now the total funds of the company. A commercial blockchain network of the company will be expanded through the funds. The funds will not only be used for the expansion of the network, but the funds will also be used to grow the technical, sales and marketing teams.
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