5 Key Stories From The Digital Worlds

May 2

BY NABYL CHARANIA

1. 

IF YOU WANT TO DOMINATE, THEN DISRUPT

  • Develop new value delivery models, exploit emerging technology to create these, and deliver highly differentiated products, services, or solutions.
  • Technology-driven innovation leaders grow at 3 to 4 times a faster pace than their industry average.
  • CMOs and chief sales officers will be replaced by chief growth officers as firms transform and disrupt expensive and inefficient processes that generate revenue.

2. 

A DRONE DELIVERED AN ORGAN TO A TRANSPLANT PATIENT FOR THE FIRST TIME

  • Carried on a short, 10 minute, 2.7 mile test flight from Baltimore’s St. Agnes Hospital to the University of Maryland (UMD) medical center, and successfully transplanted.
  • UMD carried out 44 test flights over 700 hours and took every possible precaution.
  • Flying an organ by drone also offers certain advantages, like the ability to constantly monitor critical temperatures, ETAs and other statistics.

3. 

AMAZON WEB SERVICES OPENS BLOCKCHAIN BUILDING SERVICE UP FOR WIDER USE

  • AT&T, Nestle, Accenture and others are already using the service.
  • “You can create your [blockchain] network in minutes. You can manage certificates, invite new members, and scale out peer node capacity in order to process transactions more quickly.”
  • Will enable our customers to track their products on the blockchain from the farm all the way through to consumption.

4. 

FIVE CANADIAN BANKS EMPLOY SECUREKEY BLOCKCHAIN SYSTEM TO IDENTIFY USERS

  • Service to be used by consumers to prove their identity to access and open bank accounts, as well as government services.
  • Going to be able to share their data in a secure and trusted way, which they never really could before.
  • Part of a shift towards open banking — letting consumers share their financial data with other companies — called for by the Canadian Bankers Association.

5. 

AUTOMATING TRUST WITH NEW TECHNOLOGIES

  • OECD estimates that US$461 billion worth of counterfeit goods are sold annually…2.5 percent of global trade…one out of 40 items on the global marketplace is a fake.
  • Parent companies can use blockchain, combined with AI and the IoT, to gather, share, and analyze data to enable more effective pricing decisions at the point of sale.
  • With trusted information (from IoT), secure ways to record and share it (through blockchain), and analytics to draw out insights (from AI), the opportunities are endless.