DiGiSPICE: Industry Monitoring 21 February 2019
- Priyanka Kanodia
- Feb 25, 2019
- 10 min read
DiGiSPICE
Industry News
Ericsson starts deploying 5G-ready telecom equipment on Voda Idea network
Publication- The Economic Times
Edition- Online
Date- 21 February, 2019
Swedish telecom gear maker Ericsson Wednesday said it has started deploying 5Gready equipment on Vodafone Idea network. The equipment will be used for 4G services at present and can be upgraded to provide 5G services as per business requirement of Vodafone Idea Ltd NSE 0.49 % (VIL), Ericsson said. "We have been strategic partners to both Vodafone and Idea Cellular and now we enter a new phase of partnership with this deal with VIL.
"The 5G-ready solutions in the Ericsson Radio System portfolio will help boost the capacity of VIL's LTE (4G) network and broaden the availability of high quality mobile broadband services for its customers," Ericsson India Managing Director Nitin Bansal said. He said the contract is for eight of 22 telecom circles in which VIL operates.
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TerraPay Expands Footprint in Asia, Partners With Pan Asia Bank for Instant Money Transfers to Sri Lanka
Publication- Business Standard
Edition- Online
Date- 21 February, 2019
Sri Lankan migrants worldwide can now send money instantly and 24*7 to any bank account in Sri Lanka TerraPay has partnered with Pan Asia Bank which enables TerraPay's network partners to make instant cross-border money transfer to all bank accounts in Sri Lanka. This means, Sri Lankan migrants worldwide through TerraPay's partner outlets/website/mobile-app can send money to their family and friends back home, instantly by transferring it to their bank account. The service is available 24X7 and even on holidays.
TerraPay is a B2B company incubated by Comviva, a global leader in delivering mobile financial solutions and part of the USD 21 billion Mahindra Group. TerraPay is registered and regulated in several jurisdictions. In the UK, it is regulated by the Financial Conduct Authority (FCA).
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Oppo partners with Ericsson to collaborate for 5G smartphones
Publication- The Mobile Indian
Edition- Online
Date- 21 February, 2019
With its F11 Pro smartphone just days away from launch, Oppo has announced that it’s partnering with Ericsson. The two companies have signed a multi-year global patent license agreement which will cover patent licensing, and collaboration on a number of business projects.
The Chinese manufacturer claims that the mutual agreement will lay a solid foundation for further cooperation between the two companies in the 5G era. Oppo Intellectual Property Department Head, Adler Feng said “OPPO has always placed intellectual property rights as our top priority. We look forward to working with Ericsson to drive cutting-edge innovation in products and services”.
Commenting on their tied up with Oppo, Ericsson Chief Intellectual Property Officer, Gustav Brismark said “This important deal confirms the value of our patent portfolio and further validates the Ericsson FRAND licensing program. Ericsson has signed more than 100 patent license agreements to date, and we are delighted to sign a mutually beneficial agreement with OPPO”.
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India Is Clearly An Emerging Market For Autonomous Cars
Publication- CXO Today
Edition- Online
Date- 21 February, 2019
According to Gartner, a quarter of a billion connected cars will on the road by 2020. With India is clearly emerging as a market for autonomous cars, the years ahead will see an increasing appetite for apps and platforms that keep Indian consumers connected while on the go. Sasken is working on enabling the vision of the connected car. In an exclusive interaction with CXOToday, Ashwin Ramachandra,VP and Head - Product Engineering Services, Sasken Technologies explains how the company is turning the connected car vision into reality, India’s preparedness with autonomous vehicle and some of the top auto trends to expect in the coming years.
CXOToday: What are some of the new offerings that have been introduced by Sasken in the recent years to address the needs of the automotive segment?
Ashwin Ramachandra: Sasken is working on enabling the vision of the connected car. Primarily this means enriching the In-Cockpit Infotainment. The in-cockpit experience is evolved significantly over the years. Sasken is pioneering the penetration of Android into the cockpit. Further, we will see a significant increase in the use of digital clusters.
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Facebook interested in Blockchain-based authentication: Mark Zuckerberg
Publication- The Economic Times
Edition- Online
Date- 21 February, 2019
You may soon login to Facebook with Blockchain-based authentication, CEO Mark Zuckerberg has indicated. In a public interview with Harvard Law professor Jonathan Zittrain late on Wednesday, Zuckerberg said he is "potentially interested" in putting the Facebook login on the Blockchain technology. "I'm thinking about going back to decentralised or Blockchain authentication. Although I haven't figured out a way to make this work out but this is around authentication and basically granting access to your information and to different services," Zuckerberg told Zittrain.
According to him, Blockchain could give users more powers when granting data access to third-party apps. Facebook last year promoted one of its senior engineers Evan Cheng as the Director of Engineering at its recently launched Blockchain division. Earlier in May, Facebook set up a group within the company to explore Blockchain technology and its potential use for the platform, headed by Messenger chief David Marcus.
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Users, Internet of Things (IoT) services don’t need 5G as yet: Voda Idea
Publication- The Economic Times
Edition- Online
Date- 21 February, 2019
Leading telecom operator Vodafone Idea said India should put off 5G spectrum auctions beyond 2020 as there aren’t specific 5G use cases available, and 4G is more than adequate for most customers and Internet of Things (IoT) services in the near term. “The most appropriate time to hold auctions will be somewhere after 2020,” said Vishant Vora, chief technology officer, Vodafone Idea. “We need time to develop India-specific use cases and that takes time. We are working with our partners to develop them. The maturity of that (5G) technology will be there when it makes sense.”
Vodafone Idea has, all along, taken this stand on postponing spectrum auctions, calling on the government to fix the health of the telecom sector in the interim. The government, however, is confident about rolling out 5G in tandem with global markets in 2020, and the Department of Telecommunications (DoT) is expected to hold the next round of spectrum auctions after August.
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India should become a data analytics hub: Ravi Shankar Prasad
Publication- ET Tech
Edition- Online
Date- 21 February, 2019
Union Minister for Electronics & IT Ravi Shankar Prasad,said India should become a data analytics hub on the back of the huge amount of data that Indians are producing.“India has all the potential to become a centre of data analysis. The huge data 1.3 billion Indians are producing. It is a great opportunity,” said Prasad after releasing a report on India’s trillion dollar digital economy at the Nasscom event here on Wednesday.
He said the report is not just about digital inclusion but also an opportunity to do business in India. The report stated that India can create up to $1 trillion of economic value from the digital economy in 2025, with half of the opportunity originating in new digital ecosystems that can spring up in diverse sectors of the economy.
Currently, India’s digital economy generates about $200 billion of economic value annually largely from existing digital ecosystem comprising of information technology and business process management (IT-BPM), digital communication services (including telecom), e-commerce, domestic electronics manufacturing, digital payments, and direct subsidy transfers.
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Research on data analytics platform to begin today
Publication- The New Indian Express
Edition- Online
Date- 21 February, 2019
The inauguration of ‘Intelligent CPS Data Analytics Platform for a Metro Rail Transport System’, a joint research programme of Kochi Metro Rail Ltd (KMRL), Department of Science and Technology (DST), Government of India, Rajagiri School of Engineering and Technology and Jyothi Engineering College, Thrissur, will be held on Wednesday.
The aim is to make Kochi a world-class metro city incorporating AI (Artificial Intelligence), machine learning and data analytics techniques over its various transit-related data. This is the first of its kind project in the public transport sector in the country. The Department of Science and Technology, Government of India, has allocated `25 lakh for this project.
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The IOT In A Smart City
Publication- BW Smart Cities
Edition- Online
Date- 21 February, 2019
A short form for the Internet of Things, the IoT is engineered to perform as a system of small, medium, and large (static and mobile) but digitally-enabled, interconnected devices. The key attribute of this expression of digital technology is an unhindered ability to transfer data across the network without the need for human agency or manual intervention. Devices in the IoT include vehicles, home appliances, electric meters, certain parts of industrial installations, security systems, thermostats, electronic appliances, alarm clocks, speaker systems, vending machines, etc. These are variously equipped with sensors, software, actuators, and other electronic components that animate the core functions of the IoT.
In the context of modern smart cities, the IoT performs through various applications that enable video surveillance, smart parking spaces and meters, intelligent waste management, environmental sensing functions, smart lighting of urban spaces, etc. Experts note that a modular end-to end IoT solution for a smart city includes analytics modules, connectivity platforms, a raft of computerized applications, multiple layers of digital and electronic security, and a host of devices, systems, and sub-systems. These can be harnessed into a fully shared, secured, and scalable infrastructure implementation of a modern smart city solution.
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Are Big Data, AI Accelerating Business Transformation
Publication- CXO Today
Edition- Online
Date- 21 February, 2019
While companies have attempted to treat data as an important asset, several leading corporations seem to be failing in their efforts to become data-driven. This is a central and alarming finding of NewVantage Partners’ 2019 Big Data and AI Executive Survey, published earlier this month.
The findings of the study is indeed surprising. According to the survey, firms are ramping up investment in Big Data and AI to accelerate business agility Leading companies (91.6%) are increasing the pace of their Big Data and AI investments - 75.0% citing fear of disruption from data-driven digital competitors; 91.7% saying investment is required to transform into agile and competitive businesses; 87.8% expressing urgency to invest. Investment in Big Data and AI is increasing, with 55% of firms investing greater than $50MM.
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Exclusive: Media outlets ink ad-for-equity deal with politician review app Neta
Publication- VCCircle
Edition- Online
Date- 21 February, 2019
Neta, a mobile application which lets users rate and review their political representatives, has struck an ad-for-equity deal worth $10 million (around Rs 71 crore) with a clutch of Indian media groups. Ad-for-equity deals typically involve a media house taking an equity stake in companies in exchange for giving them advertising space. Entities associated with The Times of India, Hindustan Times, Republic TV, Network 18 and NewsX are backing Neta, a person familiar with the development told TechCircle.
To be specific, the entities that are said to have entered into an agreement with Neta are Brand Capital, the ad-for-equity investment arm of media firm Bennett, Coleman and Company Ltd (BCCL); HT Media Ltd; ARG Outlier Asianet News Pvt Ltd; Network18’s private investment arm Capital18 Fincap; and ITV Group respectively.
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Blockchain firm Zebi buys peer Element42
Publication-VCCircle
Edition- Online
Date- 21 February, 2019
Telangana-based blockchain company Zebi has acquired its Bengaluru-based peer Element42, for an undisclosed amount, a company statement said. After the transaction, Zebi will acquire Element42’s team and clients, which will strengthen the former’s in-house blockchain engineering talent and will expand its product line and add customers, the statement added.
Founded by IIT Kharagpur alumnus Pruthvi Rao, Element42 Management Solutions Pvt. Ltd provides its customers anti-fraud and transparency solutions via blockchain technology, Internet of Things and analytics. The solution has been applied across many industry segments. It claims to have served more than 35 enterprises and government organisations across India. The firm is a portfolio company of San Francisco-based Alchemist Accelerator and was also ranked fifth in the Deloitte Tech Fast 50 India 2018.
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Why Blockchain Technology Companies CipherTrace And Symbiont Raise Funds
Publication- Owlt Market
Edition- Online
Date- 21 February, 2019
CipherTrace Inc. is a Blockchain technology security company who has raised $15M funds in venture capital from top Silicon Valley and New York venture capital firms for cryptocurrency and blockchain security, intelligence, and regulatory compliance. Aspect Ventures along with other investors like Galaxy Digital, Neotribe Ventures, and WestWave Capital led the round. The company wants to use these new funds for expanding its reach globally and extending the functionality of products.
The company provides global customers with its products and services. It develops those products which are used by government, auditors, regulators, and law enforcement investigators in order to combat crime and reduce fraud along with the enforcement of AML laws and some of the products are blockchain analytics and forensics, cryptocurrency intelligence, compliance solutions and anti-money laundering (AML).
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https://www.owltmarket.com/why-blockchain-technology-companies-ciphertrace-and-symbiont-raise-funds/
Amazon AWS Clients To Use Ternio’s Lexicon Blockchain Framework
Publication- Owlt Market
Edition- Online
Date- 21 February, 2019
Ternio is known as a leader in scalable blockchain architecture who has announced that it has been accepted as an Amazon Advanced APN Technology Partner on February 19, 2019. The main purpose of this new integration is to make Amazon AWS clients to use a high-speed blockchain framework, the Lexicon Blockchain framework of Ternio and deploy a scalable blockchain-based solution within a cloud-based environment.
The framework is especially created for those clients who are working for enterprises and governments. It demonstrates the blockchain in order to make enterprises better, faster and more efficient. It is fully decentralized and on-chain. It supports millions of transactions per second.
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Bank of China Collaborates For Blockchain Platform Related To Property Buyers
Publication- Krypto Money
Edition- Online
Date- 21 February, 2019
Hong Kong Applied Science and Technology Research Institute (ASTRI) will collaborate with a property development firm New World Development in order to launch a blockchain platform for home buyers. Reportedly, the Bank of China was the service’s first bank user.
Announced by local news outlet the Standard on Feb. 20, the platform will reportedly focus on replacing paperwork operations, like signing the Provisional Sale and Purchase Agreement or a mortgage application with digital authorization. Purportedly the platform will allow users to send the purchaser’s authorized, encrypted and digitally signed provisional agreement to selected banks.
Blockchain technology will aid in reducing the banks’ operating costs by 15 to 60 percent, while the platform expects itself to grow in terms of the number of users. ASTRI CEO Hugh Chow reportedly said that Integration of distributed ledger technology (DLT) could reshape property market operations and bring in efficient and flexible property buying procedures.
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Crypto Exchange Coinbase buys Blockchain intelligence startup
Publication- Money Control
Edition- Online
Date- 21 February, 2019
Coinbase, the San Francisco-based cryptocurrency exchange, announced that it has acquired Neutrino, a Blockchain Intelligence platform. In a blog post published after the acquisition, the company’s officials said, “Blockchain intelligence is increasingly important in the crypto ecosystem and is necessary to achieve our mission of bringing the open financial system to the world. By analysing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors."
"It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations. Neutrino’s technology is the best we’ve encountered in this space, and it will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world,” it added.
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