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Future According to #PICANTE Tech Conf 2019

About the Conference Last week I attended the very first Tech Conference Europe (TCE2019) organized by news publisher PICANTE.today. The conference was not crowded as I am used at academic …

The post Future According to #PICANTE Tech Conf 2019 appeared first on AI, ML, Data Science Articles | Interviews | Insights | AI TIME JOURNAL.

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About the Conference

Last week I attended the very first Tech Conference Europe (TCE2019) organized by news publisher PICANTE.today. The conference was not crowded as I am used at academic conferences. However, 25 people being at the conference has an advantage that you can talk to each speaker and attendee personally.

During the conference, the panel discussions alternated with the talks. The panel discussions focused on broader topics such as current use and future evolution of the blockchain, AI, Fintech or VR. The topics were very interesting, but I had a feeling that the experts agree with each other and speak in unison more than I expect. I would be happier to hear more controversial stands, e.g., that blockchain can be misused and for example allows anonymously purchasing illegal goods over the Dark web.

The talks were narrower focused on the specific use of technology, e.g. blockchain, virtual reality or sound authentication. The talks focused on the products of the companies rather than explaining some novel idea or a breakthrough concept. Here, I present four topics that I found interesting to share.

Blockchain is a Tool

The hype behind the cryptocurrencies and blockchain technology seem to diminish since the news don’t report new ICO every day and use of the blockchain technology is not even observed by the end-user.

However, at the conference, I learned that there’s a lot of going on with blockchain technology and many companies implement blockchain in their products. E.g., the Porche company develops blockchain for secure communication with the vehicle. By using blockchain, which avoids communication with the server, opening and closing the car via an app is up to six times faster than before. Another example is BlueQbit, that uses blockchain technology for transportation and shipping. 

However, according to Lyle Wraxal, many startups duplicate existing ideas or use blockchain for blockchain because of the hype. These types of startups are likely to fail. They must realize that in order to succeed, they must have a clear idea about their product. And blockchain should be used as a tool to make the product more efficient, available or cheaper for the user. As Tomáš Žilavý from IBM mentioned also mentioned: “Blockchain must have an added value to the product to be useful.”

Besides the commercial sector, the government will also eventually implement the blockchain technology. But due to security reasons, the government is very cautious with the new technologies, so it may take a while. Recall how long it took for the government to use cloud technology or artificial intelligence.

The experts reckon that blockchain is in its infancy, similarly to the Internet in 1990. Soon we will observe outbursts of a lot of new blockchain use cases that we haven’t even imagined, similarly as with the Internet today.

“Blockchain must have an added value for startups. Don’t use it for the sake of hype” 

Tomáš Žilavý

Many organizations prepare for the blockchain” 

Dean Rakic

“Many startups duplicate and make blockchain for blockchain. They’ll fail” 

Lyle Wraxal

Cyborg: Expand Your Senses  

Manel Munoz, a founder of the Transpecies Society, showed how humans can have new senses. In contrast to typical chip implants, that allow you to open the doors or pay at the cash desk, members of the Transpecies Society aim to extend their senses beyond the limits of the human body. Manel has designed and implanted a so-called organ barometer that allows him to hear the air pressure around him. The organ is implanted in the occipital bone and quietly clacks the skull with a frequency depending on the measured air pressure. The bone conducts the clacking to his inner ear and he (and only he) experiences hearing of the clacking.

Other cyborgs at Transpecies Society similarly extended their senses to hear e.g. ultrasounds, to see beyond the visible spectrum, to feel earthquakes or gain cosmo-location ability (they have an implant in their finger, that vibrates each time they point at the desired planet).

At the conference, Manel presented his newest organ design, which additionally to barometer allows him hearing the air temperature and humidity.

When I work on the sense design I decide how the stimuli that I want to sense will be and when I work on the organ design I decide the shape that the new organ will have.” 

Munel Munoz

Audio Revelation

AI has shown its great power in many fields, such as classifying images by having an accuracy of up to 95%. In fact, it became so good, that humans have a higher error rate than algorithms. That’s why the competition after 2017 had to stop since the labels (ground truth about the image classes) were done by humans, have a higher error rate than AI.

Phonexia is a Czech startup that decided to use AI in a less explored but equally ubiquitous domain – the sound. They deliver speech technologies to many companies. At the conference, they demonstrated how their software can extract various information, such as speaker’s language detection, speaker gender extraction or age estimation just from the phone call. Additionally, they can make a voice-like fingerprint of the speaker which can be used in the future for user authentication. Next time you call the helpdesk, you may be authenticated just by your voice, without being stalled by questions such as what is your ID number or what is your grandmother’s maiden name.

This is a great example of extracting other useful information from the sound than the most researched area of translating speech-to-text. It is apparent, that sounds contain a lot of useful information that scientists still learn how to extract and use. E.g., another Czech startup Neuron Soundware, where I work as a senior researcher, takes advantage of a sound change between a working engine and an engine that is about to break. We use AI and engine sound to predict the engine failure before it happens, which allows companies to save a lot of costs connected with the production outage and late repairs.

Takeaway: Information retrieval from the sounds in still not fully explored and I think we are about to see more emerging AI companies, that learn to extract useful information from the sounds.

Beyond the Real World

Real estates are becoming less affordable than ever. In this conference, Somnium Space presented a solution to live in virtual reality.

Somnium Space presented their VR game played on 5 km2, where players can build anything they want, e.g. houses, museums, cinemas, on the properties that they possess. At first glance, this game is very similar to the Second Life idea. However, this game is not just entertainment! Players can actually make a decent profit in this game. 

They presented a couple of ways to make a revenue. E.g., a player can build their own entertainment center, e.g. roller coaster and charge other players for using it. Another way to place an object (such as TV, cars) with a non-intrusive advertisement on it and whenever other players interacts with an object, you are making money for online advertisement. Another way (which is far from being the last option), one can speculate on parcel prices and buy them in hope that their prices will rise.

Somnium Space has also found a way to use blockchain in their virtual world. All the player’s possessions are stored over the blockchain technology. So one can sell his properties through blockchain transactions and Somnium Space has no right for it.

Takeaway: Mixing VR technology with a revenue generator will allow players to be even more engaged in it. And for investors: if this game becomes popular, possessing real estate in this game could be a gold miner. On the other hand, there are a lot of other games where players can make decent money.

Conclusion

Karel Durkota at Tech Conference Europe

Overall, the conference was well prepared with interesting topics on the agenda. I didn’t see there many novel technical ideas, as it is in academic conferences, but it is expected that companies will not share their know-how but products and their use cases.

It is interesting to see, how startups create new products that use spectrum of different technologies in it (e.g. VR and blockchain) and explore new use cases (e.g. sound authentication). I think that more amazing and diverse technologies are still coming.

Contributor

Karel Durkota is a senior researcher at Neuron soundware. He received his Ph.D. at Czech Technical University in Prague, where he researched applications of the game-theoretic techniques for complex decisions in network security problems against rational attackers.

Opinions expressed by contributors are their own. Source: https://www.aitimejournal.com/@karel.durkota/future-according-to-picante-tech-conf-2019

Blockchain

Robinhood Testing New Cryptocurrency Wallet as Demand Rises

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The millennial-focused trading portal is edging closer to launching a long-awaited app that will enable its growing user-base to send and receive cryptocurrencies.

A beta version of Robinhood’s iPhone app showed the company’s latest upgrades on the new digital asset features, according to Bloomberg.

There is a hidden image showing a waiting list for users eager to get their hands on the app and code referring to crypto transfers, it added.

Delving Deeper into Crypto

Robinhood users can already buy and sell cryptocurrencies on the platform but they need to convert them to and from USD. With a native app, users will be able to send crypto assets to each other directly and set up two-factor authentication for additional security.

Robinhood Chief Executive Officer Vlad Tenev stated that adding crypto wallets is a priority for the company’s developers and they are actively working on such.


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“The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

He did not specify a launch date, but the beta app leak suggests it is not too far away. Users of the new functions will need to activate crypto sending and receiving and the registration page will require an identity check, the report added.

On Sept. 11, CryptoPotato reported that Robinhood had launched incentives to promote longer-term cryptocurrency investing. The zero-fee recurring purchase feature enables users to schedule digital asset purchases for regular intervals with buys as low as a dollar.

This will encourage customers to build their cryptocurrency portfolios over time and “become a whole coiner,” stated Robinhood.

Robinhood Users Hungry For Crypto

Cryptocurrency trading has been one of the biggest drivers of revenue for Robinhood this year. Dogecoin has been the crown jewel, according to the company. It reported that 62% of its $233 million in second-quarter crypto income came from DOGE trading.

It added that more than half of all transaction-based revenue on the platform came from digital asset trading. The firm did warn that Q3 would not be as prosperous due to “seasonal headwinds and lower trading activity across the industry.”

Robinhood share prices have already fallen 43% since their all-time high of a little over $70 in early August. They are currently trading down 1.68% since Monday’s open at $40.70 according to Yahoo! Finance.

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Source: https://cryptopotato.com/robinhood-testing-new-cryptocurrency-wallet-as-demand-rises/

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Blockchain

Snoop Dogg Reveals His Connection With Twitter Account on NFTs

Snoop Dogg Twitter

Rate this post American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment. Snoop Dog Claims to Be Popular NFT Advocate on Twitter Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs.  The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.   According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll. On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”   Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal. Is Medici Account an Elaborate Prank? The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement. “I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments. Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

The post Snoop Dogg Reveals His Connection With Twitter Account on NFTs appeared first on Cryptoknowmics-Crypto News and Media Platform.

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American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment.

Snoop Dog Claims to Be Popular NFT Advocate on Twitter

Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs. 

The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.  

According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll.

On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”

Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal.

Is Medici Account an Elaborate Prank?

The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement.

“I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments.

Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

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Source: https://www.cryptoknowmics.com/news/snoop-dogg-reveals-his-connection-with-twitter-account-on-nfts/

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Blockchain

TA: Ethereum Breaking This Confluence Resistance Could Spark a Recovery

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Ethereum started a major decline below the $3,200 support zone against the US Dollar. ETH price traded as low as $2,807 and it is now attempting a recovery wave.

  • Ethereum started a fresh decline below the $3,300 and $3,200 support levels.
  • The price is now trading below $3,200 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $3,020 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could a steady recovery wave if there is a close above $3,050 in the near term.

Ethereum Price Corrects Losses

Ethereum started a major decline from the $3,500 resistance zone. ETH traded below many important support zones near $3,300 and the 100 hourly simple moving average, similar to bitcoin.

The bears gained strength below the $3,200 support zone. Finally, ether spiked below $3,000 and extended its decline. A low is formed near $2,807 and the price is now correcting losses. There was a break above the $2,920 and $2,950 resistance levels.

The price recovered above the 23.6% Fib retracement level of the recent decline from the $3,455 swing high to $2,807 low. An immediate resistance on the upside is near the $3,020 level. There is also a key bearish trend line forming with resistance near $3,020 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

A close above the $3,020 and $3,050 levels could start a decent recovery. The next major resistance might be near the $3,130 level. It is near the 50% Fib retracement level of the recent decline from the $3,455 swing high to $2,807 low. A clear break and close above the $3,130 level could start a steady increase. The next major resistance sits near $3,300.

More Losses in ETH?

If ethereum fails to correct higher above the $3,020 and $3,050 resistance levels, it could start another decline. An initial support on the downside is near the $2,960 level.

The next major support seems to be forming near the $2,900 level. A downside break below the $2,900 support zone could lead the price towards the $2,800 zone. The next major support is near the $2,750 level, below which ether price might decline towards the $2,640 support zone.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly losing pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is still well below the 50 level.

Major Support Level – $2,960

Major Resistance Level – $3,050

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Source: https://www.newsbtc.com/analysis/eth/ethereum-confluence-resistance-3050/

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