Blockchain
IBM Hosts First APAC MOBI Colloquium to Promote Standards and Accelerate Adoption of Blockchain in Human Mobility
Reading Time: 3 minutes
Today, members from the Mobility Open Blockchain Initiative (MOBI) and representatives from major technology companies and automakers convene at IBM’s China Headquarters in Shanghaito discuss the way forward to accelerate the development of connected cars and autonomous mobility solutions. The first APAC MOBI Colloquium sets out to explore the current state of blockchain research and development, IoT solutions, and how these new technologies can make mobility greener, safer, and more accessible for China and the region.
Today’s vehicles are evolving from a mode of transport to moving data centers with onboard sensors and computers that capture information about the vehicle and its surroundings. Blockchains can unleash this data to power a new and more sustainable future.
In China, blockchain is undergoing a period of rapid growth and experimentation. The People’s Bank of China recently backed and piloted a new blockchain-based trade finance platform, the judiciary adopted rules making blockchain evidence admissible in court, and the Agricultural Bank of China made a blockchain mortgage. The development of blockchain technology itself is key to the nation’s technological advancement.
“Blockchain and decentralized ledger technology has great potential to make mobility greener, safer, and more accessible for cities around the world, especially for nations with rapid urbanization like China,” said Chris Ballinger, CEO of MOBI. “MOBI is set up to promote the advancement of a future solution that combines smart cities and connected cars to make people’s lives better. This is a big mission. It is not a task to be realized by a single company. By bringing together key stakeholders, experts, and partners, we believe MOBI is in the right position at the right time to advance this grand vision.”
China has more than 300 million registered vehicles – almost the same number as people in the United States – and the number continues to rise.1 10 out of the 25 most congested cities in the world are in mainland China.2 Motor vehicle emissions have become a major source of air pollution in China.3
A new mobility solution is needed to ensure a sustainable future.
If this vision can be realized, the benefits it brings to our society are immense. Studies4 have shown that autonomous vehicles can optimize fuel efficiency and reduce emissions by 60%. In the US alone, people in urban areas spend about 7 billion hours in traffic every year. That’s 3.1 billion gallons of fuel wasted and $160 billion lost due to traffic congestion. Most importantly, by minimizing human error, autonomous vehicle solutions can reduce accidents by 90%.
All this is great but we still have a fair way ahead of us. According to a Rand Corp study,5 1 trillion miles of self-driving data is needed in order for autonomous vehicle models to be accurate and safe. Waymo, the former Google autonomous car project, is driving 25,000 miles a day. At this rate, it would take close to 110,000 years to reach the Rand Corp mileage target.
“The linchpin is data,” said Trent McConaghy, founder of Ocean Protocol. “We are bringing to MOBI a blockchain-powered platform that enables data to be shared in a safe, privacy-preserving, borderless fashion. Algorithms can travel to data to get trained without exposing the data or taking a copy. This is ideal for MOBI’s partners and community to retain data privacy and ownership. For the first time we can unlock the value of data without unlocking data itself,” McConaghy continues.
The MOBI Colloquium Shanghai brings together a diverse network of industry leaders and startups, providing them with a platform to share knowledge and innovate. Widespread adoption of blockchain technology cannot be achieved without the creation and agreement upon standards to regulate the ecosystem. By encouraging communication between differing industries, MOBI helps drive forward blockchain scalability. China’s robust mobility, blockchain, IoT, and AI ecosystem offers tremendous opportunities for MOBI community members to create a brighter and safer future.
The first APAC MOBI Colloquium is hosted by IBM and co-organized by CPChain and Tribe Accelerator.
SOURCE MOBI
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
The post 39% of Canada’s institutional investors have exposure to crypto: KPMG appeared first on HIPTHER Alerts.
Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
-
Blockchain Press Releases7 days agoDWF Labs joins the Klaytn Governance Council
-
Blockchain7 days agoPhoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain7 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain7 days ago
Tether USDT stablecoin goes live on TON blockchain
-
Blockchain Press Releases3 days agoDeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain2 days ago
Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
-
Blockchain7 days ago
Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest
-
Blockchain2 days ago
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
