5 Key Stories From The Digital Worlds

May 20

BY NABYL CHARANIA

1. 

ALPHABET’S WING DRONE DELIVERIES ARE COMING TO FINLAND NEXT MONTH

  • A “pilot” program, with select goods and limited geography…test driven in the Vuosaari distract — the city’s most populated.
  • Program will kick off with two partners: gourmet super market, Herkku Food Mark and Cafe Monami…everything from salmon sandwiches to pastries delivered via drone.
  • Program arrives as Helsinki is making a push to lessen dependence on car ownership by improving public transit citywide.

2. 

AMAZON WINS PATENT FOR PROOF-OF-WORK CRYPTOGRAPHIC SYSTEM

  • Granted a patent for various techniques to build a proof-of-work (PoW) cryptographic system similar to those used by blockchains such as bitcoin.
  • Patent outlines how Merkle trees can be generated as a solution to a proof-of-work challenge, among other benefits.
  • Patent also mentions “cryptographic key,” “digital signature” and “public signing key,” among other concepts related to blockchain and cryptocurrencies.

3. 

INTRODUCTION TO CENTRAL BANK DIGITAL CURRENCIES

  • Corda defines its ledger as a set of immutable state objects. This ledger acts as a reliable single source for the Corda platform, yet it does not make transactions nor entries on this ledger globally visible.
  • Any blockchain that sees usage within financial market infrastructure must provide immediate finality, rendering consensus algorithms such as proof of work and proof of stake unviable.
  • JP Morgan’s Quorum sets out to build on the work already done by Ethereum, and to turn Ethereum into an “enterprise-ready distributed ledger and smart contract platform.”

4. 

BLOCKCHAIN AS KEY TO VIENNA’S DIGITAL FUTURE — INTERVIEW WITH ULRIKE HUEMER, CIO OF VIENNA, AUSTRIA

  • Vienna is setting up a blockchain-based token that is part of an incentive driven initiative, rewarding citizens for “good behavior.
  • “It’s not just about technological innovation for the sake of it — instead, we are looking to use it as a vehicle leading us toward social change and environmental sustainability.”
  • “…incorporating every office of city administration, linking them up with companies from the private sector as well, to set up a broad network as a basis for the transformation process.”

5. 

FIXING AMAZON’S DRONE DELIVERY PROBLEM

  • Not only will this help with lost packages, it will also take delivery trucks off the road, reducing traffic congestion and pollution.
  • Just as Amazon’s e-commerce model revolutionized retail and distribution, Prime Air will likely spawn new industries and services.
  • Drones need to be capable of carrying heavy loads long distances, without running out of power or colliding with existing infrastructure.