5 Key Stories From The Digital Worlds

June 13

BY NABYL CHARANIA

1. 

INSURER L&G USES AMAZON BLOCKCHAIN SERVICE FOR PENSION DEALS

  • U.K. insurer has turned to Amazon’s services to launch what it claims is the first blockchain system for bulk pension deals.
  • Will use Amazon Web Services’ (AWS) managed blockchain system to manage and record bulk annuities for its insurance business.
  • Blockchain tech suits the long-term nature of annuities, as contracts can last over 50 years…allows the related data and transactions “to be signed, recorded and maintained in a permanent and secure nature over the lifetime of these contracts.”

2. 

IBM, HYPERLEDGER BLOCKCHAIN ID SYSTEM FOR BANKS LAUNCHES IN BRAZIL

  • The identity solution, dubbed “Device ID,” will see participation from nine banks, and is reportedly integrated into Brazil’s domestic clearing system, the Brazilian Payment System (SPB).
  • Its aim is to authenticate and verify digital signatures using mobile devices, ostensibly to guard against financial crime and unauthorized use of the financial system.
  • Decided to create a group and unify all actions, which is very important to achieve standardization to all banks.

3. 

DRONES ARE MAKING A DIFFERENCE IN THE WORLD AND REGULATORY AGENCIES ARE HELPING

  • Department has been registering drones for less than four years and already there are four times as many drones—1.5 million– on the books as manned aircraft.
  • In San Diego, the Chula Vista police department and CAPE, a private UAS teleoperations company, are using drones as first responders.
  • To manage all the expected traffic, the FAA is working with NASA and industry on a highly automated UAS Traffic Management, or UTM, concept.

4. 

CHANGE VEHICLES: HOW ROBO-TAXIS AND SHUTTLES WILL REINVENT MOBILITY

  • Los Angeles…suffers from congestion that leads to an increase in travel time of 44 minutes per day, or 170 hours per year, that are lost for every driver, making it the most congested city in the United States and Western Europe.
  • Electrified, shared autonomous vehicles (AVs)—also called robo-taxis or shuttles—could address these pain points while revolutionizing urban mobility, making it more affordable, efficient, user friendly, environment friendly, and available to everyone.
  • In 2030, robo-taxis and shuttles could cut private-car usage by up to 20 percent compared with today in the base case, corresponding to roughly 10 billion to 20 billion passenger miles driven in Los Angeles in 2030.

5. 

UBER JUST REVEALED A NEW SELF-DRIVING CAR THAT IT WILL USE TO TAKE ON TESLA AND WAYMO IN THE ROBOTAXI WARS

  • Self-driving Volvo XC90 SUV…will be the first Uber autonomous car designed to drive itself without the need for a human “mission specialist” driver behind the wheel.
  • Car’s self-driving system can enable “the possible future deployment of self-driving cars in Uber’s network as an autonomous ridesharing service.”
  • Uber says that this new generation of self-driving cars will be introduced to Uber’s existing on-road fleet “in higher quantities” in 2020.