DiGiSPICE: Industry Monitoring 13 to 15 April 2019
- Priyanka Kanodia
- Apr 17, 2019
- 4 min read
DiGiSPICE
Industry News
IoT: Industries bet big on the power of connectivity
Publication- The Financial Express
Edition- Online
Date- 15 April, 2019
Internet of Things (IoT) is a buzzword in tech circles today due to its ability to lend itself to a wide range of applications—smart homes, connected cars, wearables, etc. Every year, April 9 is observed as IoT Day. Mark Weiser, chief scientist at Xerox PARC in the 1980s, pioneered the technology. Then Weiser had said, “The most profound technologies are those that disappear. They weave themselves into the fabric of everyday life until they are indistinguishable from it.”
True to his statement, today IoT exists behind many applications without actually showing itself, thanks to thousands of sensors which gather data which is processed at the backend, enabled by the cloud.
Some of the biggest tech corporations in the world are investing in IoT as part of their digital transformation portfolio. For instance, Microsoft recently announced a global investment of $5 billion in IoT over the next four years. Kiran Zachariah, VP- IoT Business Solutions, Subex, an IoT security provider, says, “IoT projects that pay adequate attention to cybersecurity, can assure higher levels of privacy and trust to stakeholders.”.
Please click on the link below:
Meet Dark Data, The Ignored Prodigal Elder Brother Of Big Data
Publication- Analytics India Magazine
Edition- Online
Date- 13 April, 2019
Dark Data is any data which is basically ignored and remains stored without any indexing. It eventually becomes invisible to the researchers which finally results in it being lost. This data is generally unstructured because it has been collected by organisations unknowingly and has never been used for any decision-making or made available to the public.
Bob Picciano, Senior VP of Analytics at IBM told a news portal, “Data that is difficult to work with creates a high barrier to entry. People typically forego trying to get any information out of it. About 90% of data generated by most sensors and other sources on the market never get utilised, and 60% of that data loses its true value within milliseconds.”
Please click on the link below:
National Payments Corporation of India mulls using blockchain to boost digital transactions
Publication- Business Today
Edition- Online
Date- 14 April, 2019
Payments network NPCI is considering using highly scalable blockchain solution to further strengthen digital payments, which have seen an exponential growth in recent times. A blockchain or distributed ledger is a continuously growing list of encrypted transactions called blocks. A block may contain any type of data such as unique digital identifiers of physical products The National Payments Corporation of India (NPCI) is an umbrella organisation for all retail payments in India. It was set up with the guidance and support of the Reserve Bank of India and the Indian Banks Association (IBA).
Promoted by 10 banks in India under the aegis of the IBA, it aims to become the "best payments network globally". Presently, 56 banks are shareholders of NPCI. "NPCI intends to develop a resilient, real time and highly scalable blockchain solution. It is proposed to develop this solution using an open source technology/ framework/solution," it said in a notification.
Please click on the link below:
Tech Mahindra and Samsung SDS announce blockchain collaboration
Publication- The Economic Times
Edition- Online
Date- 15 April, 2019
Tech Mahindra NSE 1.48 % and Samsung SDS have announced that they will collaborate to offer Samsung SDS's blockchain platform, Nexledger, in the Indian and global market. Nexledger, a blockchain platform developed by Samsung SDS, the software arm of Samsung, is flexible and scalable with the ability to deliver wide spectrum of customizable use case application services based on enterprise specific requirements. Tech Mahindra would also contribute to improve Nexledger capabilities by participating in the development process of Nexledger platform. Rajesh Dhuddu, global practice leader- blockchain at Tech Mahindra, said, "As part of our TechMNxt charter, we are invested in creating a partner ecosystem to leverage next generation technologies and platforms to provide enhanced experience to our customers.
As a step towards the same, we are delighted to partner with Samsung SDS and look forward to leveraging their market research, proprietary Blockchain platform Nexledger that has proven ability to automate a complex Blockchain network deployment and maximise transactions not only on their native platform but also on Hyperledger and Ethereum. This partnership will also enhance our reach in Korean, India and other APAC markets, maximise the joint offerings through a combination of respective platforms, Tech Mahindra's System Integration skills and Innovation centres in India.”
Please click on the link below:
Blockchain Technology Ecosystem Cube Chain Introduces Test-net To Provide High Transaction Per Sec
Publication- Owlt Market
Edition- Online
Date- 15 April, 2019
The blockchain technology ecosystem Cube Chain introduced a platform called Test-net on April 14, 2019. The platform provides a high transaction per second (TPS). 10,000+ TPS is possible through the platform. Cube Chain consists of five services viz., Qblog, CubeChat, AI Service Manager (ASM), SignOne and Cube Chain Product. 24 data and special blocks are created and put them into a cube. The special blocks consist of a data index block, data statistics processing block, and an escrow function block.
The CEO of Cube System Kim Dong Oh said, “Cube Chain, as a global blockchain, has the potential for a variety of different applications while working with various industries focusing on the e-commerce field thanks to its multiple security levels, fast processing speeds, and diverse applications. We have developed a user-friendly, corporation-friendly, and developer-friendly blockchain, that will allow it to become mainstream. It will gradually offer a more complete service to users.”
Please click on the link below:
Comments