Accenture and Microsoft plan digital IDs for millions of refugees

  • Image copyright
    Reuters

    Image caption

    Accenture and Microsoft are working with ID2020 to build a digital ID network that refugees can access from anywhere

    Technology companies develop system to help the United Nations provide digital legal identification for refugees who have no official documents.Accenture and Microsoft have designed a digital ID network running on blockchain technology.The prototype connects existing public and commercial records so people can access their personal details from any location.

  • ID2020 is an alliance of governments, public sector organisations and technology companies working together to help the UN realise its goal.The system, which builds on Accenture’s existing biometrics identity management platform, will be tested with aid agencies in the near future.
  • How it works

    Image copyright
    Accenture

    Image caption

    Using the digital ID network, the refugee’s data from a previous employer can be authenticated and a “stamp” is issued

    Often when people arrive at a refugee camp for the first time, they don’t have anything to prove their identity, which is essential for a range of health, financial and education services.

  • Usually, several aid agencies at once will be trying to work with the same refugees, and, until now, there has not been a way for them to share data securely.In the future, when a refugee arrives at a camp, their face, irises and fingerprints could be scanned and the resulting biometric data stored, with their name, on one of the aid agency’s servers.The blockchain digital ID network then creates a “stamp” – a unique identifier between the refugee and the data on the servers – that proves they have been authenticated for each service they receive.
  • Eventually, they will have an album of stamps they can show to any provider or government to prove their identity digitally, without needing to worry about data going missing from various providers.What is blockchain?The blockchain is a method of recording data – a digital ledger of transactions, agreements, contracts, anything that needs to be independently recorded and verified as having happened.The big difference is that this ledger isn’t stored in one place, it’s distributed across several hundreds or even thousands of computers around the world.

A digital ID system running on the blockchain is being tested for the UN High Commissioner for Refugees.
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Cryptocurrency exchange to credit traders for ethereum ‘flash crash’

Cryptocurrency exchange to credit traders for ethereum 'flash crash' - CNBC  #Crypto #BitCoin

  • Some traders who lost money in this week’s ethereum “flash crash” are going to be credited for their losses, the GDAX cryptocurrency exchange announced on Friday.
  • In a blog post on Friday, vice president Adam White said the exchange was “confident all trades this week were executed properly, however, some customers did not receive the quality of service we strive to provide and we want to do better.”
  • Therefore, the GDAX will create a process to credit customer accounts which experienced a margin call or stop loss order as a result of that crash, he said.
  • However, White noted that the exchange will honor all buy orders filled during that time.
  • “We view this as an opportunity to demonstrate our long-term commitment to our customers and belief in the future of this industry,” White said.

The GDAX is “confident” traders were executed properly, however, some customers did not receive the quality of service it strives to provide, its VP said.
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Cryptocurrency exchange to credit traders for ethereum ‘flash crash’

  • Some traders who lost money in this week’s ethereum “flash crash” are going to be credited for their losses, the GDAX cryptocurrency exchange announced on Friday.
  • In a blog post on Friday, vice president Adam White said the exchange was “confident all trades this week were executed properly, however, some customers did not receive the quality of service we strive to provide and we want to do better.”
  • Therefore, the GDAX will create a process to credit customer accounts which experienced a margin call or stop loss order as a result of that crash, he said.
  • However, White noted that the exchange will honor all buy orders filled during that time.
  • “We view this as an opportunity to demonstrate our long-term commitment to our customers and belief in the future of this industry,” White said.

The GDAX is “confident” traders were executed properly, however, some customers did not receive the quality of service it strives to provide, its VP said.
Continue reading “Cryptocurrency exchange to credit traders for ethereum ‘flash crash’”

The Future of Fintech

  • In 2017, we have set up the company ‘Swiss Banking Advisory’ in the UK, as it was requested by our collaboration partner for our last project in London.
  • Since then, our aim became to build a bridge between London and Zurich and to support the innovative Fintech scenes of both cities to better connect with each other.
  • We invite innovative women in finance and banking to become our shareholders, speakers, supporters, partners or guests.
  • Can we add you to the group of female shareholders of Swiss Banking Advisory?

In 2017, we have set up the company ‘Swiss Banking Advisory’ in the UK, as it was requested by our collaboration partner for our last project in London. …
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GDP ‘not fit for purpose’ in digital age, says Google

  • The rise of the smartphone and apps such as Instagram and Snapchat mean traditional measures of growth are no longer fit for purpose, according to Google’s chief economist.
  • Hal Varian said the global nature of modern supply chains meant statisticians were miscounting growth in GDP and productivity.
  • “I think GDP is larger and productivity is larger than indicated [by the data],” he said.
  • Mr Varian urged politicians to look at other ways of measuring growth and welfare than the commonly used measure of GDP.

The rise of the smartphone and apps such as Instagram and Snapchat mean traditional measures of growth are no longer fit for purpose, according to Google’s chief economist.
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Stephen Hawking: AI will be ‘either best or worst thing’ for humanity

RT @VincentBrissot: Stephen Hawking: #AI will be 'either best or worst thing' for humanity

  • Success in creating AI could be the biggest event in the history of our civilisation.”
  • Stephen Hawking: AI will be ‘either best or worst thing’ for humanity
  • AI is hugely exciting,” she said, “but it has limitations, which present grave dangers given uncritical use.
  • The academic community is not alone in warning about the potential dangers of AI as well as the potential benefits.
  • Professor praises creation of Cambridge University institute to study future of artificial intelligence

Professor praises creation of Cambridge University institute to study future of artificial intelligence
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Telegram Launches Telegraph Blogging Platform And Enables Instant View Feature – The Merkle

Telegram Launches Telegraph Blogging Platform And Enables Instant View Feature #blockchain

  • Telegram Launches Telegraph Blogging Platform And Enables Instant View Feature
  • Through Instant view, Telegram users will see a native page within the Telegram app when it is linked.
  • Telegraph Is A New Blogging Feature For Telegram Users
  • Telegram is now getting involved in the mix through the launch of their Telegraph platform.
  • Telegraph does not offer a monetization model for now, although this feature may be added in the future.

Most people are familiar with Telegram as a social messaging platform. The company offers end-to-end encryption to all of its users, making it one of the most secure platforms available. But Telegram is eyeing other business models as well, such as their new blogging service.Under the name Instant Telegraph, the company is venturing into the world of online publishing.
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Free Ross-a-thon registration page

Join brilliant economist @BobMurphyEcon at  Hear amazing speakers for free & help #FreeRoss !

  • Ernie Hancock – Activist, host of daily radio show Declare Your Independence
  • Tom Woods – Author, educator, radio show host
  • Jesse Ventura – Former governor; bestselling author (new book Marijuana Manifesto has chapter on Ross and Silk Road case).
  • Raise awareness of the case and support for Ross, in both financial and other ways.
  • Shine a light on the serious impact of this case on our liberty.

Ross Ulbricht is now serving (and appealing) a double life sentence for all non-violent charges,
based on his alleged role in the Silk Road website/marketplace.
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