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TruBlo Newsletter #14: Policies and actions needed to fight ransomware • Documentary: Degrees of uncertainty • EU vs. Apple over App Store fees • Blockchain land registry in Rwanda

TruBlo Newsletter #14: Policies and actions needed to fight ransomware • Documentary: Degrees of uncertainty • EU vs. Apple over App Store fees • Blockchain land registry in Rwanda

TruBlo Project Update

We are getting closer to NGI Forum 2021 on May 18-19, 2021. Please join us for presentations and discussions. Register NGI Forum 2021


Updates this week:

TRUST


Don’t ignore ransomware

The way this happens: Attackers hack the IT system of a company, a police force or a even hospital. Then the only way to regain access to the system is by paying huge amounts of money.

Despite being a thread for some time, the situation around ransomware has not improved. There is a lack of policies and actions for the active prevention of this threat.

From an interview in The New York Times:

What is the United States doing to stop or slow ransomware? We’re not trying very hard. The United States is the most targeted country by cybercriminals and nation-states, but we’re not acting like it. We’re mostly outlining guidelines for companies and government agencies to prevent ransomware attacks and hoping for the best. It’s not working.

LINK($)

Related: How the US United States Lost to Hackers LINK ($)


Newsmax, a conservative news channel, posts an apology

The news outlet had accused an employee of Dominion Voting Systems of manipulating results in the 2020 US presidential election. The person received a wave of insulting messages, including death threats. Now the news outlet published an apology.

LINK


Degrees of Uncertainty: Documentary

How sure are scientists about global warming? Why are they coming to current conclusions and predictions?

“Degrees of uncertainty” is a data-driven documentary by Neil Halloran. The video educates about certainty and uncertainty occurring around complex issues.

LINK


CONTENT


EU vs. Apple: App store sales fee results in antitrust

The key point is that a competing music service like Spotify has no alternative as to paying a fee of 30% on all transactions, if it wants to offer a music subscription using devices by Apple, such as iPhones, iPads or computers.

From The Guardian:

“By setting strict rules on the App store that disadvantage competing music streaming services, Apple deprives users of cheaper music streaming choices and distorts competition,” Margrethe Vestager said. “This is done by charging high commission fees on each transaction in the App Store for rivals and by forbidding them from informing their customers of alternative subscription options.”

This is the first step of an EU antitrust investigation. It is likely to take years until this issue will go through the courts.

LINK


Microsoft planning to reduce fees to 12 per cent

Confidential documents submitted in the ongoing Apple vs. Epic Games case reveal that Microsoft has been planning to cut Microsoft Store on Xbox fees to just 12 per cent.

Microsoft reducing the Microsoft Store on Xbox cut for games to just 12 per cent could be a big deal as this would mean that game developers would get 88 per cent of the revenue share. All other major stores take a 30 per cent cut on game sales, including Sony’s PlayStation Store and Nintendo’s online store.

LINK


Clubhouse popular in the Middle East

The social networking app is booming in authoritarian countries, where users are speaking freely about otherwise taboo topics.

LINK($)


NewsBreak app successful with local news

Protocol reports about NewsBreak, a popular news aggregation app that uses Artificial Intelligence to find and display local news for users:

News Break has succeeded using tactics imported from China, where news delivered via algorithm — a practice pioneered by ByteDance’s Toutiao — has flourished.

An “interest-based engine” powered by AI selects articles readers are likely to enjoy based on past engagement.

Content aggregators like News Break aren’t just winning in the U.S. market. Opera News, owned by Beijing Kunlun Tech, and Scooper News, developed by Shenzhen-based Transsion Holdings, have both made significant inroads into Africa and Europe.

LINK


BLOCKCHAIN


Medici Land Governance partners with Rwanda

Medici Land Governance(MLG) has partnered with the Government of Rwanda to pilot a project that aims to make land transfers a paperless process. For the pilot, MLG has built a land transaction platform on blockchain called Ubutaka, which will be integrated with Rwanda’s existing land registry infrastructure.

Inefficient and inaccurate land registry systems are a common challenge in many developing countries. The loss of paperwork often prevents landowners from proving ownership, making people hesitant to invest in developing properties. Additionally, the lack of standardization and auditing in land management leaves the door open to corruption and fraud.

MLG already has projects in Mexico and Liberia.

LINK


Charlie Munger of Berkshire Hathaway is highly critical of Bitcoin

“I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like shuffling out a few extra billions and billions of dollars to somebody who just invented a new financial product out of thin air.”

LINK


Blockchain technology simplifying cross-border payments

From the World Economic Forum:

It’s no secret that the cross-border payments landscape using traditional rails is fraught with fees, hurdles and delay.

Individual senders incur outsized fees for the billions of dollars sent in personal remittances every year.

Part of the problem is that systems are not interoperable. To send money to different corners of the world without blockchain, a whole patchwork has been haphazardly knitted together over the decades to achieve some semblance of financial interoperability between financial institutions, correspondent banks and money transfer operators along the value chain.

LINK


Thank You for reading.

Please forward this newsletter if you think it has value for a colleague or friend.

Do you have feedback or suggestions? Contact us



This was issue #14 of TruBlo NEWSLETTER • Trustable content on future blockchains.
Subscribe to the newsletter here.

TruBlo is an EU funded research project. Contact: info@trublo.eu

Photo by Joshua Hoehne on Unsplash

TruBlo Newsletter #13: Apple Privacy Transparency coming • How Substack tries to lure well-known journalists • A look at the slander industry • Profiles of blockchain platforms

TruBlo Newsletter #13: Apple Privacy Transparency coming • How Substack tries to lure well-known journalists • A look at the slander industry • Profiles of blockchain platforms

Subscribe to the weekly newsletter here: https://buttondown.email/Trublo.eu
Photo by Jason Dent on Unsplash
Newsletter #12: Twitter investigates recommendation algorithms • Instagram tests dropping “Like”-Buttons.

Newsletter #12: Twitter investigates recommendation algorithms • Instagram tests dropping “Like”-Buttons.

Newsletter #11: TruBlo project update • Carrots, not sticks to quell misinformation and more…

Newsletter #11: TruBlo project update • Carrots, not sticks to quell misinformation and more…

TruBlo Project Update

Next steps for Trublo open call #1: If you participated, when will you get results? We published an article on the TruBlo website, to provide an overview of the process. The quick answer to the key question: Participants can expect a notification on April 30, 2021. More details: [TruBlo Website](https://www.trublo.eu/2021/04/09/trublo-open-call-1-next-steps-and-selection-process-overview/)

Updates this week:


TRUST


Trust in tech declining, survey finds

 ”Trust in tech — including companies specializing in AI, VR, 5G and the internet of things — fell all around the world last year, the Edelman Trust Barometer found in a massive survey of 31,000 people in 27 countries.”
[LINK


Procter & Gamble accused of collaboration with Chinese advertising

Apple aims to change how data can be collected for advertising purposes, specifically how profiles of users can be created. Many advertisers and other platforms are opposing the change. One unexpected result: The US company Procter & Gamble teaming up trade groups in China.

According to a report from the Wall Street Journal:

”Procter & Gamble Co. helped develop a technique being tested in China to gather iPhone data for targeted ads, a step intended to give companies a way around Apple Inc.’s new privacy tools, according to people familiar with the matter. […]
The company has joined forces with dozens of Chinese trade groups and tech firms working with the state-backed China Advertising Association to develop the new technique, which would use a technology called device fingerprinting.” LINK


Blockchain for trustable food system – from seafood to grain

The Conversation: “With global-scale food systems such as seafood, nearly 40 per cent of which is traded globally, data transparency and traceability through technologies like blockchain are important for socially and environmentally conscious decision making and to facilitate trust among stakeholders. Blockchain technologies can be used to consolidate information on the quality of the seed, track how crops grow and record the journey once it leaves the farm.” LINK


Content


New motivation: ”To quell misinformation, use carrots – not just sticks”

An article by neuroscientist Tali Sharot published in “Nature” argues for a fundamental change in how users should be rewarded when posting content.

Quote: “Most readers have felt an ego boost when their post received ‘likes’. Such engagement also results in followers, which can help people secure lucrative deals. Thus, if a certain type of content generates high engagement, people will post more content like it. Here is the conundrum: fake news generates more retweets and likes than do reliable posts, spreading 6–20 times faster.”

What could be a solution?

”At the moment, users are rewarded when their post appeals to the masses — even if it’s of poor quality. What would happen if users were rewarded for reliability and accuracy?” LINK


Facebook criticised for being unresponsive to reports of manipulative content, investigation reveals

The Guardian published findings of an investigation of how the social platform handled manipulative content, specifically outside of the US. A former employee says that Facebook was often inactive, even when warned about such manipulative content.

“There is a lot of harm being done on Facebook that is not being responded to because it is not considered enough of a PR risk to Facebook,” said Sophie Zhang, a former data scientist at Facebook who worked within the company’s “integrity” organization to combat inauthentic behaviour. “The cost isn’t borne by Facebook. It’s borne by the broader world as a whole.” LINK


BLOCKCHAIN


Revenge of the Winklevii

Forbes reports at length about how Cameron and Tyler Winklevoss are emerging as investors in several blockchain and crypto projects.

A dozen years after they settled with Zuckerberg for $65 million in Facebook stock and cash, the Winklevii, as they are widely known, have emerged as leaders of a technological movement whose core operating principle involves digitizing the records of all assets globally, decentralizing control and cutting out gatekeepers—including Facebook.

The two are now owners of a holding company called “Gemini Space Station”, which “owns their crypto exchange and Nifty Gateway”. Forbes reports that the twins invested in 25 digital asset startups. LINK


A notable uptick of interest in cryptocurrencies and blockchain initiatives

The rise of Bitcoin value is driving interest in trading of cryptocurrency trading. In parallel, we see new corporate projects for blockchain. While the two areas are not directly related, the financial market seems to validate blockchain technology, to an extend.

Selected examples:

  • Trading app Robinhood says 9.5 million users traded crypto in Q1 2021. This is an increase of 458% related to just 1,7 million traders in Q4/2020. LINK
  • The Wall Street Journal has a special how “GameStop, Blockchain.com and Bitcoin Renewed a Push to Digitize the Stock Market”. A lot of speculation mixed with enthusiasm, along with potential volatility and other risks. LINK
  • This week it’s the second virtual edition of the European Blockchain Convention, due to the pandemic. It is worth your time to scroll through the (long) list of attendees – you’ll find a mix of blockchain start-ups, representatives from larger companies and many EU officials. Just the visual scroll will give you an idea of interest in all things blockchain. LINK
  • And finally: Drivers of the new Fiat 500 electric vehicle will earn coins if they drive sustainably:

”Stellantis and UK-based startup Kiri Technologies will use blockchain rewards to encourage sustainable driving behaviour. Stellantis is the result of a recent merger between Groupe PSA and Fiat Chrysler and owns 16 car brands, including Peugeot, Citroen, Chrysler and Fiat. The rewards initiative will be conducted under Stellantis e-mobility program. Drivers of the New 500 Fiat, a fully electric car, will be awarded KiriCoins, which can be spent in the Kiri marketplace.”


Thank You for reading.

Please forward this newsletter if you think it has value for a colleague or friend.

Do you have feedback or suggestions? [Contact us](mailto:info@trublo.eu)


European Blockchain Convention 2021

European Blockchain Convention 2021

 

EBC will be entirely virtual this year, of course, as a result of the pandemic. Nevertheless, big events are helpful to see and experience how topics and sentiments evolve. TruBlo will be represented at the European Blockchain Conference through Montse Guardia, General Manager of Alastria, a partner in this project.

The panel will start on Friday, April 16, at 12:00 PM. Montse Guardia will share the discussion with Margherita Leder, COO, TMP Group and David Palmer, Blockchain Lead at Vodafone.

EBCvirtual is designed as a comprehensive one-week event filled with keynotes, panel discussions, workshops, one-to-one meetings and high-level networking (as much as it is possible with current restrictions).

Even if you don’t attend the conference – it’s worth your time to scroll through the (long) list of attendees. To some extend the mix of people shows the renewed interest in blockchain and virtual currencies. The conference managed to attract many interesting startups, mixed with representatives from larger firms and members of the EU political community.

Website: https://eblockchainconvention.com

Follow EBC on Twitter

The Twitter hashtag to follow outcomes from the conference is: #EBCvirtual

 

 

 

Event: Current and future state of European blockchain ecosystem

Event: Current and future state of European blockchain ecosystem

Many European companies and institutions are interested in blockchain. But in the current state of the market, where can you start? What is a promising area? Where should you better wait a little longer?

Together with BlockStart and Startup Lithuania. A key question is: How can projects and interest groups better connect capable developer and interested organisations?

The event will be a panel discussion to do just that: Bring together blockchain experts and SME adopters, to exchange on what works and what needs improvement.

This event will be held online, and live streamed in Facebook and YouTube, on 28 April at 3pm CEST (Brussels Time).

Featured speakers include:

  • Krzysztof Radecki, Co-founder and CEO of Rexs.io
  • Reinis Skorovs, Founder and CEO of Kedeon
    (two of Blockstart’s top 5 blockchain startups from the project’s 1st Acceleration Programme)
  • Richard Crook, Founder and CEO of LAB577
  • Mirko Lorenz, Expert at H2020 blockchain project NGI TruBlo
  • Mauro Manente, CTO at Latitudo40, one of the 18 SME adopters that piloted blockchain solutions during BlockStart’s 1st Pilot stage.

The event will be moderated by Vytautas Černiauskas, Expert at CIVITTA, BlockStart consortium partner.

Interested in joining us? This panel discussion is free-of-charge, but registration is mandatory. Upon your registration, you will receive an email a few days before the event, with a kind reminder and the link to join our speakers on 28 April.

Register here:

Exploring Blockchain Ecosystem: Collaboration Between Startups and SMEs online event