A Step-By-Step Guide For Beginners – What Is Blockchain Technology?
What is blockchain technology? This is a question that many people are asking, and for a good reason. Blockchain is a new technology that is quickly gaining in popularity, and it has the potential to change the way we do business. In this article, we will provide a step-by-step guide for beginners who want to learn more about blockchain technology. We will start by explaining what blockchain is, and then we will discuss different types of blockchains and how they are used. Finally, we will talk about the benefits of blockchain technology and how it is changing the world economy. So, let’s get started!
Safety in the Metaverse
Formerly believed to be a fantasy that could only exist in science fiction, the Metaverse is not only an idea far from being realised, but it is a way to the future that will dominate the world in the same way that the internet has done. The Metaverse is a futuristic real-life simulation where people from all walks of life can meet and live life in the same likeness as on earth, but with a few twists. Avatars, a central concept of the Metaverse, are a virtual representation of the user, or of the user’s alter ego or character, in the virtual world of the Metaverse, similar to a game. [1] However, since the users behind the avatars have free will, the question arises – will it be safe in the Metaverse?
Cybersecurity for small and medium businesses: The next frontier?
Although SMBs are more aware about cyber threats now, a recent survey shows around 60% SMBs do not consider cyber attacks a huge risk for them and about 40% do not believe that strong security is a priority.
The increasing number of reports of cyber crimes involving small businesses shows that criminals are shifting their focus. Now, banks, financial institutions, and large corporate houses are not their only target, but also easy prey, like small and medium businesses (SMBs) and the common man.
New Technology Gives AI Human-Like Eyes
Researchers at the University of Central Florida have created AI technology that mimics the human eye.
The technology might result in highly developed artificial intelligence that can instantaneously understand what it sees and has uses in robotics and self-driving cars.
Researchers at the University of Central Florida (UCF) have built a device for artificial intelligence that replicates the retina of the eye.
Cybersecurity is a journey, not a destination
Presidio’s Brian Lynch caught up with Julia O’Reilly to discuss the lasting impact of the HSE attack, cybersecurity frameworks, and knowing the value of your own data.
In May 2021, Ireland was subjected to a ransomware attack that forced our national health and social services provider to shut down its entire IT system. The Health Service Executive’s (HSE) systems were targeted with Conti ransomware. The stolen data was ultimately restored after the ransomware group handed over a decryption key without having received the €16.7 million ransom. Speaking at the time, CEO of the HSE Paul Reid said the impact of the attack had put some services back 30 to 40 years.
Is your business ready for the inevitable impact of quantum computing?
Practical applications of quantum computing may be emerging at different rates in different sectors, but the overall message from executives across industry is that they need to start preparing now.
Quantum computing continues to dominate the emerging technology news agenda. A series of big moves have been made in the field in the UK recently, including the Ministry of Defence’s purchase of the first government-owned quantum computer and the prediction by Kwasi Kwarteng, secretary of state for business, energy and industrial strategy, speaking at the ‘Quantum Computing Summit’ in London recently, that national investment in quantum technologies is set to surpass £1bn by 2024.
How Fintech Can Deliver on Its Social Impact Promises
FinTech companies are seeing enormous investor interest on the back of promises of providing services to the financially underserved — a clear example of social enterprise that can do well by doing good. Yet while the industry has increasingly become synonymous with impact potential, fintech companies and investors have little insight into whether the industry is actually living up to its grand promises. Without more rigorous approaches to identifying and measuring impact, investors will continue to guess at the impact these companies. The authors provide several pieces of advice for how FinTech can better disclose their social impacts.
How important is VR to the metaverse?
When it comes to how we live, work and stay entertained, there is no doubting how crucial technology is now. This is easy to see in the music industry, where modern innovations such as streaming have transformed the sector. Of course, tech such as sequencers and drum machines has also enabled the electronic dance music genre to become established.
The latest technological innovation set to alter music is the metaverse. This should not only bring about change in how music is posted online but also how fans consume it. Beyond this, the metaverse is set to have a major impact on other industries like gaming and how we use the internet in general.
A new milestone in augmented reality: Functional contact lenses
Thirty years ago, a group of human test subjects volunteered to try something for the first time – they climbed into an exoskeleton, pressed their face to a vision system, and manually interacted with a mixed reality of real and virtual objects. They were testing a prototype augmented reality system at Air Force Research Laboratory (AFRL) that enabled users to engage with virtual objects merged with the real world.
How Fashion and NFTs Found Themselves in a Beneficial Partnership
The fashion world has gone for NFTs in a big way. Yes, skeptics may continue to claim that NFTs are “useless,” yet fashion houses seem not to have received the memo, since a growing number of them have begun offering those tokens of ownership as part of their collections and product lines.
In fact, the roster of fashion firms using NFTs in one way or another has become pretty big, including such luminaries as Balmain, Philipp Plein, Gucci, Prada, Salvatore Ferragamo, Rebecca Minkoff, Burberry, Diesel, Guerlain, and numerous others. And in many ways, NFTs and fashion make a natural pairing, if only because both are centered around rarity and status.
Does the Metaverse need blockchain to ensure widespread adoption?
While not absolutely necessary, omitting it would be misguided. “The Metaverse without blockchains would likely just advance the ball for Big Tech.”
Many are thrilled at the prospect of the Metaverse with its virtual worlds that can be used to play online games, but also to train surgeons on 3D organ models and enable students to visit recreated villages in ancient Greece astonishingly brought to life.
Industrial cyberattacks are hitting nearly all IoT companies
IIoT security often takes a back seat, report finds.
Cyberattacks against Industrial Internet of Things (IoT) devices, as well as operational technologies (OT), are widespread, with almost no companies being immune, a new report from Barracuda Networks has claimed.
Managing databases in a hybrid cloud: 8 key considerations
To manage and monitor hybrid cloud database environments, consider business and application goals plus costs, latency, security, stability, simplicity, tools and technical skills.
Hybrid cloud architectures play a vital role in helping enterprises migrate safely to the cloud and provide a way to meet data governance and risk management requirements for data that must stay on premises. But moving applications and the databases that support them to even a hybrid cloud requires considerable planning and testing, plus ongoing management and monitoring.
7 Common Internet of Things (IoT) Attacks that Compromise Security
Technology is ever-evolving, and these days the Internet of Things or IoT phenomenon is expanding its presence swiftly. By the end of 2022, its market is anticipated to expand by 18% to 14.4 billion active connections.
Although there’s a global supply chain issue (including chip shortages) due to COVID-19, the market is still expected to grow to 27 million active Internet of Things devices by 2025.
How fintech is changing international remittance and expanding business
Kenny Tsang, Managing Director of PingPong Payments, discusses how businesses can mitigate the risk of payments fraud by embracing financial technology.
The fintech market has grown exponentially over the last few years, reaching a predicted USD 310 billion in 2022, an increase of USD 182 billion on 2018. As businesses across the world adopt fintech solutions, many are still being left behind by the digital revolution, using archaic means of payments processing to fulfil orders and complete backend processes.