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How Can Mobile Technology Solve Social Problems in 2021?

How Can Mobile Technology Solve Social Problems in 2021?

Mobile Technology solve Social Problems

Continue reading How Can Mobile Technology Solve Social Problems in 2021? at E-Crypto News.

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The rise of smart computing helps mobile technology solve social problems to a great extent. These background services are the things that make mobile technology great.

Cloud computing, artificial intelligence, big data, machine learning have all made mobile technology the new wonder of the world.


Mobile technology change Social MediaCan Mobile Technology solve Social Problems?

As long as these services continue to improve and grow as fast as they are currently, we are going to have fewer social problems.

The reason for this is that we have entered the age of individualism. Issues are no longer collective. They are individualistic. It is this kind of thinking that permeates generation Z.

They are the generation with all of the advantages as far as technology is concerned. They don’t have to think things out and disrupt already existing industries. They have a foundation that they can use to build.

Several black swan events have contributed to this trend as well. The rise of social networking where the individual becomes a brand is the first of these events.

Social networks are all about people and how they interact. These interactions are an indication of what goes on in their minds. New tools have been able to describe (almost accurately) the wants, needs, likes, and dislikes of social media users. The descriptions work with their interactions and their views.

It is almost as if there is a convergence between the physical and digital identities of individuals. As long as a person’s digital identity closely resembles his or her physical identity, then it becomes easy to describe and predict what the person is likely to do.

Mobile Tech worth all of the Trouble

Coupled with the fact that Moore’s law has gone mobile, social problems have also become digital as well as physical. In many cases, there is no difference between the two.

The Cambridge Analytica incident was another black swan event that shows just how accurate human behavior predictions have become.

The resultant effect on the last United States elections and the social problems that have followed give further insight. These background technologies can help mobile technology solve social problems if they are tailored to search for individuals with such problems and solve them.

One way of doing this is the use of behavioral markers for individuals who may be undergoing depression and become suicidal without showing it outwardly.

After searching out such individuals, a series of interactions could help ease the load of their sensitivities. While there may be a hue and cry against this based on privacy issues, the truth is that there is no privacy anymore. It is another social problem in itself.

Mobile Technology and your Privacy

The lack of privacy can put immense pressure on people. So much so that background technologies that could help mobile technology solve social problems could make wrong assumptions. These assumptions will then produce worse models of individual identity. The support systems will then misfire and, mobile computing then becomes a big joke.

These sorts of malfunctions happen now and then. The good thing is that as smart computing grows, processes such as backtracking and decision making have become easier for smart systems.

What would have seemed normal for a person could be an aberration of his or her normal behavior? As such, it usually tasks a period for an accurate assessment of what a person’s behavior is like after analysis by smart systems. It will only increase as the world continues into the next decade.

Mobile Technology and Covid-19

The COVID-19 pandemic is yet another black swan event. The respiratory illness has brought economic, social, and other problems with it.

Mobile technology has proven to be a tool for solving many problems at this time. Social distancing and other avoidance measures have reinforced how people interact using mobile technologies.

The rise of mobile apps that conduct contact tracing is one such example of mobile technology solving social problems.

Others include the rise of webinars, and video conferences, the use of social media as tools for coordination of activities of all kinds, and so on.

There is no doubt that there will be a continuation of these kinds of behaviors. People are turning to mobile technology to solve most of their problems. They now depend on smart technologies that help mobile technology solve social problems.

For the first time, scenarios exist where hand-held devices that can do more in one day than desktops and other devices can.

Slowly but surely, the age of the desktop and the laptop is on the decline. People now depend on mobile phones to perform otherwise routine everyday tasks.

They are extending this to more complex areas of their lives.

As mobile technology evolves, we will be entering the age of big data and the internet of things. We shall see just about everything that has an internet connection and give a four-dimensional perception of people.

It is what the new decade will be about. People are becoming perfectly digital and physical at the same time.

Source: https://e-cryptonews.com/how-can-mobile-technology-solve-social-problems-in-2021/

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OpenSea Crashes Following BossLogic NFT Drop via Ethernity

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The hype around non-fungible tokens (NFTs) continues to escalate as demand for primary sales is only growing higher.

The last manifestation of this was earlier during the BossLogic NFT drop that took place on the OpenSea marketplace, causing it to essentially crash under the high traffic.

OpenSea Crashes as Traffic Surges

OpenSea, touted as the largest NFT marketplace crashed last night under a serious surge in traffic caused by an NFT drop.

The platform took it to Twitter to explain what happened:

Outage notice: the Bosslogic drop caused a 2X surge in traffic at 19:30 UTC, ultimately causing two spikes of failed requests, at 19:50 and 20:40.

The issue was our servers’ ability to reclaim memory. We will have a fix out shortly, but sincerely apologize to all affected!

Naturally, this caused some users to be upset because they’d lost gas fees as a result of the outage. The team responded that they “will not have to pay gas the next time you bid, for the next auction – that cost is only for the first time you ever bid on anything (converting ETH to wrapped ETH).”

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BossLogic’s NFT Drop

BossLogic is a well-known artist with almost half a million followers on Twitter and a lot more across different social media platforms.

His latest NFT drop was through a partnership with Ethernity chain to offer 2501 pieces of art to the very first lucky community members.

The tokens were sold for 0.299 ETH and each one of them represented digital artwork that’s featured in the collection.

This latest NFT drop is the latest to create massive hype around it. As CryptoPotato reported yesterday, the interest surrounding non-fungible tokens have surpassed that of ICOs from back during their peak in early 2018. This has caused many people to believe that they are in a state of a bubble.

Featured image courtesy of Inverse

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Source: https://cryptopotato.com/opensea-crashes-following-bosslogic-nft-drop-via-ethernity/

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Norwegian Oil Mogul Sets Up $58 Million Entity to Buy Bitcoin

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The institutional bitcoin frenzy continues to spread like an epidemic. After several United States mega corporations added the digital currency to their balance sheet, the floodgates have been opened to major institutions across the world. Norwegian holding company Aker ASA said today that it will establish a new unit dedicated to bitcoin investment and the digital asset’s underlying technology.

Miss Out? “No Way”!

Asian smartphone giants, Meitu yesterday joined the league of institutional bitcoin adopters, as reported by CryptoPotato. With the future of modern-day finance hanging in the balance, companies investing reserve cash in bitcoin is widely becoming a norm rather than an exception. The latest to embrace bitcoin is Norwegian holdings, Aker ASA. It made the announcement in a press release this morning.

Aker ASA is going a step beyond investing in the leading digital currency. It will set up a company devoted to investing in bitcoin and blockchain technology. The new company called “Setee AS” will actively participate in the cryptocurrency space by collaborating with other industry players. It will also invest in other companies with healthy prospects in the blockchain and cryptocurrency industry.

The company which majors in offshore fishing, construction, and engineering said it would convert all its liquid assets to bitcoin. The new dedicated bitcoin unit will have a capital of around 500 million Norwegian crowns (approximately $58.6 million).

.. With Great Power Comes Great Responsibility

According to Aker, the operation of the new entity will span beyond bitcoin investment. The unit is expected to leverage the capabilities of its parent organization to pursue innovations in cybersecurity, financial transactions, and emissions-free verification operations. As part of the latter, the company will research and work on alternative ways to verify bitcoin transactions in a more environmentally friendly manner.

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To set the ball rolling, Setee is collaborating with a Canadian global leader in Bitcoin and blockchain technologies, Blockstream. President and CEO of Aker ASA, Øyvind Eriksen, spoke on the launch of Setee and its first partnership.

“With the launch of Seetee, the Aker Group makes another move into software and fintech. We are very excited about the industrial opportunities that will be unlocked by Bitcoin and blockchain technology, and want to contribute forcefully to that effort. These technologies have the potential to reduce frictions in our day to day lives, enhance the security of our digitally driven economies, and unlock new business models for innovation. We look forward to addressing these and other applications together with Blockstream and other partners”

Aker AS is owned by Norwegian billionaire businessman Kjell Inge Rokke. Rokke shared a letter concerning the latest development to the company’s stakeholders. In the letter, he wrote:

First, we will use bit­coin as our trea­sury as­set and join the com­mu­ni­ty. In Bit­coin speak, we will be hodlers. We will be dif­fer­ent, but ad­di­tive.

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Source: https://cryptopotato.com/norwegian-oil-mogul-sets-up-58-million-entity-to-buy-bitcoin/

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ETC Group adds Ethereum ETP on Deutsche Borse

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Exchange-Traded Products [ETPs] are gaining prominence and crypto investment firm ETC Group announced the launch of an Ethereum ETP on Deutsche Borse’s Xetra on 9 March. This ETP will go live with the ZET ticker and will be its second crypto investment product after Bitcoin ETP, as per reports.

The firm launched Bitcoin ETP in June 2020 and its assets under management have surged to $1 billion since. Since ETP’s value depended on the underlying security, this growth was a given for Bitcoin. Now that Ethereum has also joined the bandwagon, the results of its growth will also reflect positively for the investment firm.

Xetra, operated by the Frankfurt stock exchange, noted that more than 90% of trading in German shares goes through the marketplace, along with 30% of trading in exchange-traded funds [ETFs]. As per its website, more than 30 new ETFs and 4 ETCs are tradeable on Xetra since January.

However, ETC Group was not the only one listing ETPs on Deutsche Borse. 21Shares AG also announced the launch of the world’s first centrally cleared Ethereum [ETH] and Bitcoin Cash [BCH] ETPs a few days back.

According to reports, this was done to further push the institutionalization of crypto assets. Subject to approval by the Frankfurt Stock Exchange, the 21Shares Ethereum ETP [21XE] and 21Shares Bitcoin Cash ETP [21XC] will list on Deutsche Boerse on 9 March, with annual management fees of 1.49% and 2.50%, respectively.

The institutional interest has been increasing for Ethereum ever since the market has been rallying. The second-largest crypto and the most popular altcoin, Ethereum has managed to carve a niche for itself with the addition of decentralized finance [DeFi] and dApps.

Source: CoinStats

At the time of writing, ETH was going strong at $1,713, despite the high volatility in the market. It is returning 142% year-to-date to its investors as more people flock into the Ethereum ecosystem.


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Source: https://ambcrypto.com/etc-group-adds-ethereum-etp-on-deutsche-borse

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