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CRAZED NEW WORLD OP-ED: Open letters, AI hysteria, and … – Daily Maverick

Is the further development of artificial intelligence (AI) worth the trouble? On 29 March 2023, in an open letter published on the Future of Lifes website, about 1,800 scientists, historians, philosophers and even some billionaires and others let us call them the Tech Nobility called for all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4 []. If such a pause cannot be enacted quickly, governments should step in and institute a moratorium.

In a reaction to this letter, decision theorist Eliezer Yudkowsky wrote that the call in the open letter does not go far enough, and insisted that governments should:

Shut down all the large GPU clusters (the large computer farms where the most powerful AIs are refined). Shut down all the large training runs Track all GPUs sold. If intelligence says that a country outside the agreement is building a GPU cluster, be less scared of a shooting conflict between nations than of the moratorium being violated; be willing to destroy a rogue data centre by airstrike.

Calls for such extreme measures against AI are based on the fear that AI poses an existential risk to humanity. Following the release of large language models (LLM) by OpenAI (GTP-4) and Microsoft (Bing) there is a growing concern that further versions could move us towards an AI singularity that is where AI becomes as smart as humans and can self-improve. The result is runaway intelligence. An intelligence explosion.

There are many ways in which this could spell doom for humanity. All of these are argued to be unavoidable by proponents of AI doom because we do not know how to align AI and human interests (the alignment problem) and how to control how AI is used (the control problem).

A 2020 paper lists 25 ways in which AI poses an existential risk. We can summarise these into four main hypothetical consequences that would be catastrophic.

One is that such a superintelligence causes an accident or does something with the unintended side-effect of curtailing humanitys potential. An example is given by the thought experiment of the paper clip maximiser.

A second is that a superintelligent AI may pre-emptively strike against humanity because it may see humanity as its biggest threat.

A third is that a superintelligent AI takes over world government, merges all corporations into one ascended corporation, and rules forever as a singleton locking humanity into a potential North Korean dystopia until the end of time.

A fourth is that a superintelligent AI may wire-head humans (like we wire-head mice) somewhat akin to Aldous Huxleys Brave New World where humans are kept in a pacified condition to accept their tech-ruled existence through using a drug called Soma.

Read more in Daily Maverick: Artificial intelligence has a dirty little secret

Issuing highly publicised open letters on AI like that of 29 March is nothing new in the tech industry, the main beneficiaries of AI. On 28 October 2015 we saw a similar grand public signing by much the same Tech Nobility also published as an open letter on the Future of Lifes website wherein they did not, however, call for a pause in AI research, but instead stated that we recommend expanded research and that the potential benefits are huge, since everything that civilisation has to offer is a product of human intelligence.

In eight short years the tech industry seems to have moved from hype to hysteria calling not for further research to advance AI, but instead for airstrikes to destroy rogue data centres.

First, the hysteria surrounding AI has steadily risen to exceed the hype. This was to be expected given humans cognitive bias towards bad news. After all, the fear that AI will pose an existential threat to humanity is deep-seated. Samuel Butler wrote an essay in 1863 titled Darwin Among The Machines, in which he predicted that intelligent machines will come to dominate:

The machines are gaining ground upon us; day by day we are becoming more subservient to them that the time will come when the machines will hold the real supremacy over the world and its inhabitants is what no person of a truly philosophic mind can for a moment question.

Not much different from Eliezer Yudkowsky writing in 2023. That the hysteria surrounding AI has steadily risen to exceed the hype is however not only due to human bias and deep-seated fears of The Machine, but also because public distrust in AI has grown between 2015 and 2023.

None of the benefits touted in the 2015 open letter have materialised. Instead, we saw AI being of little value during the global Covid-19 crisis, we have seen a select few rich corporations getting more monopoly power and richer on the back of harvesting peoples private data, and we have seen the rise of the surveillance state.

At the same time, productivity, research efficiency, tech progress and science have all declined in the most advanced economies. People are more likely to believe the worst about AI, and the establishment of several institutes that earn their living from peddling existential risks just further feeds the number of newspaper articles that drive the hysteria.

The second reason for the tech industrys flip from hype to hysteria between 2015 and 2023 is that another AI winter or at least an AI autumn may be approaching. The Tech Nobility is freaking out.

Not only are they facing growing public distrust and increasing scrutiny by governments, but the tech industry has taken serious knocks in recent months. These include more than 100,000 industry job cuts, the collapse of Silicon Valley Bank the second-largest bank failure in US history declining stock prices and growing fears that the tech bubble is about to burst.

Underlying these cutbacks and declines is a growing realisation that new technologies have failed to meet expectations.

Read more in Daily Maverick: Why is everyone so angry at artificial intelligence?

The jobs cuts, bank failures and tech bubble problems compound the markets evaluation of an AI industry where the costs are increasingly exceeding the benefits.

AI is expensive developing and rolling out LLMs such as GTP-4 and Bing requires investment. And add infrastructure cost in the billions of dollars and training costs in the millions. GTP-4 has 100 trillion parameters and the total training compute it needed has been estimated to be about 18 billion petaflops in comparison, the famous AlphaGo which beat the best human Go player needed less than a million petaflops in compute.

The point is, these recent LLMs are pushing against the boundaries of what can be thrown at deep learning methods and make sophisticated AI systems out of bounds for most firms and even most governments. Not surprisingly then, the adoption of AI systems by firms in the US, arguably the country most advanced in terms of AI, has been very low: a US Census Bureau survey of 800,000 firms found that only 2.9% were using machine learning as recently as 2018.

AIs existential risk is at present only in the philosophical and literary realms. This does not mean that the narrow AI we have cannot cause serious harm there are many examples of Awful AI we should continue to be vigilant.

It also does not mean that some day in the future the existential risk will not be real but we are still too far from this to know how to do anything sensible about it. The open letters call to pause AI for three months is more likely a response borne out of desperation in an industry that is running out of steam.

It is a perfect example of a virtue signal and an advertisement for GTP-4 (called a tool of hi-tech plagiarism by Noam Chomsky and a failure by Gary Marcus) all rolled into one grand publicity stunt. DM

Wim Naud is Visiting Professor in Technology, Innovation, Marketing and Entrepreneurship at RWTH Aachen University, Germany; Distinguished Visiting Professor at the University of Johannesburg; a Fellow of the African Studies Centre, Leiden University, the Netherlands; and an AI Expert at the OECDs AI Policy Observatory, Paris, France.

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CRAZED NEW WORLD OP-ED: Open letters, AI hysteria, and ... - Daily Maverick

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The new technocracy: who’s who in the chatbot revolution? – The Spectator

Decades are happening in weeks in the world of artificial intelligence. A fortnight ago, OpenAI released GPT-4, the latest model of its chatbot. It passed the bar exam in the 90th percentile, whereas the previous model only managed the tenth. Last week, Google introduced its own chatbot, Bard. Now, the British government isannouncingplans to regulate AI for the first time, as well as to introduce it into hospitals and schools. Even some of the biggest technophobes are having to grasp this brave new world.

Were familiar with some of the technology by now, but we know little about the humans in the world of AI. From Steve Jobs to Bill Gates and Mark Zuckerberg, the previous generation of techies were household names, so well known that they were depicted by everyone fromHarry EnfieldtoJesse Eisenberg.But the chatbots seem to have come from the ether. Who makes them? Who willed them into existence? And who wants to stop them?

Sam Altmanis the king in this world. Hes the CEO of OpenAI, the San Francisco lab behind ChatGPT and the image generator Dall-e. Hes 37 and looks like an AI-generated tech bro: hoodie, messy black hair, nervous eyes. He dropped out of a computer science course at Stanford, and became the CEO of a firm called Loopt at the age of 19 (raising $30 million, which is apparently nothing in venture-capital world). After that, he became a partner and eventually president of Y Combinator, a startup accelerator. It helped launch Reddit (which Altman was CEO of for eight days), Stripe, Airbnb, Dropbox and Coinbase.

Altman did all of this by 30. Then he started getting scared. He seemed to become convinced that a superintelligent AI could feasibly wipe out everything we hold dear. Altman wasnt convinced that Google, leading the field at the time in its partnership with DeepMind, could be trusted.He thought it was too concerned about revenue and wasnt doing enough to make sure its AI remained friendly.So he started his own AI companyin December 2015, and seven years later we had ChatGPT.

But it was less than encouraging last month when its AI said it wanted to hack the nuclear codes. Researchers have said this was a hallucination and an accident (and in all truth, it was coaxed into saying that by aNew York Timesjournalist). But Altman has already saidhes ready to slow things down if people get nervous.

The question many are asking of Altman is: if you are so scared about AI wiping out humanity, why on earth are you building it?Altman said OpenAI was operating as if the risks are existential.But theres a boyish sense of wonder to his mission: he wrote last month that he wants AI to empower humanity to maximally flourish in the universe. The upsides could be incredible: if AI helps humanity to become an interstellar species, some have calculated that it could bring the number of humans to exist in the future to 100,000,000,000,000,000,000,000,000,000,000,000 (yes, thats 35 zeroes). No disease, no illness, no sadness: the AI of the future would know how to cure that. Altman basically thinks its worth the risk.

Altman wears some of his anxiety visibly. His voicetremblesand his eyebrows do things. He once said that AI will probably most likely lead to the end of the world, but in the meantime, therell be great companies. TheNew Yorkerasked him if he was scared about AI turning on us. I try not to think about it too much, he said. But I have guns, gold, potassium iodide, antibiotics, batteries, water, gas masks from the Israeli Defence Force, and a big patch of land in Big Sur I can fly to. In Siliconese, I believe thats called hedging.

One person Altman has upset isElon Musk. The worlds richest man was all aboard the OpenAI train when it was founded in 2015. But he left the board three years later. Theres some debate about why: the public explanation is that he was worried about conflicts of interest with his Tesla work. But theres somereportsthat he didnt like the way Altman was running things.Semaforclaimed this weekend that Musk thought it was being outpaced by Google. So in 2018, he suggested that he take over OpenAI and run it himself. That idea was reportedly rejected by everyone else, including Altman, and Musk lashed out: he quit the company, and last year barred it from having access to Twitters data. Originally founded as a non-profit,OpenAI had to change tack after Musks billions dried up.Musk now complains about OpenAI on Twitter (which Altman has called him a jerk for doing), and on Friday hesaidthat the most powerful tool that mankind has ever created is in the hands of a ruthless corporate monopoly.

So Musk, whether out of concern or revenge, has started siding with the worriers.The most influential of these isNickBostrom,who is based at Oxford Universitys Future of Humanity Institute. He made his name in the early 2000s when he suggested that we probably live in a computer simulation. After nestling that unsettling thought in our heads, he went on to work on cuddly topics like global catastrophic risks, and in 2014 publishedSuperintelligence.

The book makes the most accessible argument yet for why people should be worried about AI. The problem, Bostrom says, is that its intelligence is nothing like ours. If you dont tell itexactly what you want it to do, bad stuff happens. If I said to you could you get me a coffee, you would walk to the shop and mind pedestrians as you did so. If I said that to a badly aligned AI, it might blitz everything in its path and bring back several metric tonnes of beans from Kenya. Bostroms example is called the paperclip maximiser. Imagine youve told a machine to make paperclips without specifying that youd quite like us to all stay alive, thanks. After making paperclips for a while, the machine looks at you, and goes youre made of things I could make a paperclip out of.It would soon start killing humans in its eternal quest to make as many clips as possible. We all die. Its intelligence without common sense.

Taking this argument further isEliezer Yudkowsky. He was warning us about superintelligence while George W. Bush was president. He recently went on a podcast andsaidwere all going to die, and that we could do so within the next three years. When OpenAI was founded in 2015, hespenta night crying. When he was 20, he founded the Singularity Institute for Artificial Intelligence, intended to bring into being a utopia as quickly as possible. But over the 2000s, his thinking darkened, and he eventually set up the Machine Intelligence Research Institute (MIRI), which aims to stop AI from killing us. Yudkowsky seems to be giving up, though. MIRI last yearannouncedthat it was conceding defeat on AI safetyafter concluding that there was no surefire way to align it,and it was switching to a Death with Dignity strategy.The statement was released on April Fools Day, but most detected some sincerity.MIRI said we should accept that its lights-out, and try to have fun while we can.

Even though Yudkowsky is a celebrity in the AI world (hes picturedherewith Sam Altman and Grimes), hes hardly a household name. Some harshly havesaidAI safety has been neglected because of Eliezer refusing to get hotter.

Yudkowsky communicates through the website LessWrong, where people really into existential risk, cognitive biases and rationality hang out.Its been described as a cult, which it may or may be, but its no less influential either way. At its best, its a concentration of incredibly intelligent people trying to make the world better. At worst, it can become one of those over-philosophical places where people say its technically rational to have sex with a dog. It was Yudkowsky and the economistRobin Hansonwho made LessWrong famous, but Hanson disagrees with Yudkowsky. He thinks weve got much more time, and that we should start worrying in 150 years, perhaps. His argument is somewhat obscure, but part of it is that these things, throughout human history, take longer than you expect to develop.

Peter Thielthinks all these people are pathetic. The PayPal co-founder told students at Oxford in January that those worried about existential risk are themselves going to kill people. Theyre slowing down technological progress, theyre slowing down the curing of diseases: theyre slowing down the world getting better. Thiel cant stand stagnation. Hes like a 1950s kid whose dream didnt come true. As he once said: They promised us flying cars and all we got is 140 characters. Thiels philosophy is: Go, go, go! Buckle up.

A final word on Google. Last week it released Bard, its own chatbot, and is now posing as the sensible one. The brains behind Bard came from DeepMind, founded byDemis Hassabis,Shane LeggandMustafa Suleyman. They met at UCL in 2010, and within four years had sold their start-up to Google for $500 million. They then made AlphaGo, which in 2015 beat the European Go champion Fan Hui and got everyone very excited. Their biggest achievement was in 2020, when they largely solved the structure of proteins in the body, a 50-year-old problem. DeepMind is quietly changing the world from the Kings Cross. It wont come as a surprise to many Londoners that the apocalypse could start there.

Sam Altman is adamant that he has to race ahead to make the best AI, before anyone else does so recklessly. Hes got Google spooked: CEO Sundar Pichai declared a code red when ChatGPT was released (in other words, hurry up!).The investment is pouring in, and slowing down doesnt look too profitable.If were heading for a crash, we should probably check the drivers.

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The new technocracy: who's who in the chatbot revolution? - The Spectator

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‘The Black Swan’ author warns Jordan Peterson is owned by ‘Bitcoin cartel’ – Finbold – Finance in Bold

Famed trader and best-selling author Nassim Taleb, known for his book The Black Swan recently criticized Canadian psychologist and professor Jordan Peterson for being part of the Bitcoin cartel.

The drama unfolded as Taleb commented about Petersons tweet on March 30, which stated, Bitcoin fixes this, which was in response to an article that revealed Australian multinational bank ANZ was preparing to stop cash withdrawals from its branches as it turns digital.

Before suggesting Peterson doesnt have the credential to talk about finance, comparing his views to Canadian truckers who protested last year against the vaccine. He warned his followers that the Bitcoin cartel owns the psychologist.

I did not feel compelled to jump in & explain that Peterson talking about finance is slightly less sophisticated than a committee of antivaxx Canadian truckers lecturing on quantum field theory. But I need to warn the young victims that Peterson is owned by the Bitcoin cartel.

Taleb has long been a vocal critic of Bitcoin and cryptocurrencies, arguing that they are not a reliable store of value and have no intrinsic worth. Notably, the author called Bitcoin a tumor, which is hurting the economy.

On the other hand, Peterson has recently become a supporter of Bitcoin, stating that he owns the cryptocurrency and sees it as a potential hedge against inflation. He has also criticized governments handling of the economy and their control over currency, stating that Bitcoin provides an alternative to government-issued money.

However, it is worth noting that Taleb has a history of making controversial statements and has been criticized for his use of inflammatory language. This is not the first time that Taleb has sought to start an exchange this year after harshly revealing why he did not go on the Lex Fridman podcast. Leading to Charles Hoskinson, the founder of Cardano (ADA) and co-founder of the Ethereum (ETH) network, tweeted furiously about the author labeling him an arrogant piece of human garbage.

Hoskinson received support from the great majority of cryptocurrency proponents and industry leaders, who argued that Fridman shouldnt be singled out for what amounted to nothing more than a podcast invitation.

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'The Black Swan' author warns Jordan Peterson is owned by 'Bitcoin cartel' - Finbold - Finance in Bold

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Jordan Peterson just weighed in on Elon Musk’s ‘slow poison’ breakfast – indy100

Jordan Petersons commitment to getting annoyed by random nonsense online is impressive.

First there was the time he got annoyed at hand dryers, calling them items of petty tyranny, and now hes getting worked up about what Elon Musk has for breakfast.

It comes after Musk replied to entrepreneur Peter Diamandis who recently took a swipe at sugar, calling it "poison.

It led Musk to reveal his interesting choice of breakfast, writing: "I eat a donut every morning. Still alive."

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Now, Peterson has felt the need to get involved and give his verdict on Musks sweet tooth.

Slow poison, he wrote. Vast majority over forty are diabetic by the standards applied to twenty-year olds @elonmusk. Probably and unfortunately you too.

Musk didnt seem too phased by his take, replying: I feel fine.

Controversial Canadian psychologist Peterson is known for his unusual eating habits, as well as denying climate change and writing questionable things on Twitter. One of his things is promoting a lifestyle that is a bit contentious - an all-beef diet.

According to SportsKeeda, Jordan was encouraged to start the diet, which they dubbed the "Lion Diet" by his daughter Mikhaila, who stumbled across the bizarre way of eating by chance.

"I eat beef and salt and water. That's it," Peterson told Joe Rogan during an interview in July 2018. "And I never cheat. Ever. Not even a little bit."

We don't know why Peterson is so bothered, Musk seems to be doing just fine on his donut breakfast. The tech mogul said his weight loss was a result of "fasting" and the type 2 diabetes drug Ozempic.

Last year, a fan asked Musk what has made the most difference after he shared he'd dropped 30lbs. His candid response read: "Fasting + Ozempic/Wegovy + no tasty food near me."

Wegovy, a weight loss injection also known as semaglutide, has recently been approved for NHS use.

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Plot Twist, Jordan Peterson Is Hilarious and Is a Fan of Mine – Barstool Sports

First off, a little backstory on how Jordan Peterson found me.

As you might've seen, I am an internet sensation lately. This month, I've had some viral TikToks that have catapulted me to stardom. I'm big time now. I received a death threat this week, that's how famous I am. I'm so viral, Keegs is writing a hit piece about my videos as we speak (unfortunately, Francis won't be writing a blog to defend me. He doesn't speak to women whose families don't come from oil :/ ). When you think of the most famous, beautiful, blonde starlets of this time.. you think of me. (I know some of you were thinking of Sydney Sweeney, but she didn't have a viral video on reddit this month, which resulted in Buzzfeed writing an article about her).

This month, I doubled my followings on Twitter and TikTok, mostly with this video

Because of this video, Large asked me to be on the Barstool Finance pod The Family Office. In this episode, you find out that I know nothing about investing and that I look adorable in a wool vest (tiny little vests are my current obsession, especially ones made for dogs to wear on walks in the winter.)

Since Dave Portnoy created the internet 20 years ago, viral videos have been created then stolen and posted by a loser thief (think Pam and Tommy). These untalented thieves thrive off of taking credit they don't deserve without even offering a $50 gift card. Sort of like Christopher Columbus or Elizabeth Holmes or Gaz. So of course since I'm so viral, many of my videos have been reposted without my knowledge and without credit. That's just life! Women are used to not getting credit for their work, so it really doesn't bother me. But due to the video being posted without credit, I didn't know Jordan Peterson had retweeted it. Thankfully, a sweet twitter citizen named Ty let me know.

That's right, Dr. Jordan Peterson quote tweeted my soup video. Not only that, Jordan Peterson appears to be riffing on the joke. It's funny, which is the most shocking part about it. I don't hate JP. Jordan Peterson is notoriously quoted for some of his misogynistic takes. When you read them, they are off putting. But when you hear him speak them, they're kinda cute. Like a little frail gay mouse saying you should stay in the kitchen and lose weight. It's low-key adorable. Prior to this, I did have Jordan Peterson blocked on twitter. JP had retweeted some weird, graphic BDSM male milking fetish video thinking it was a Chinese governments sperm factory.

I know. I know.

Between that and calling women fat on twitter, I blocked Jordan Peterson.

I mean, he's bound to tweet something insane again. He seems to be a little too off to be on Twitter. That's why his hilarious retweet baffled me. Maybe he hired a Gen Z to do his socials after the milking fetish incident? If so, how do I get that job? I think he has a bright future as a comedian. If he wants, Barstool is always looking to hire mildly funny white guys. I can talk to Gaz for him!

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Plot Twist, Jordan Peterson Is Hilarious and Is a Fan of Mine - Barstool Sports

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Carlos Moreno Created the 15-Minute City. Conspiracy Theorists … – The New York Times

For most of his40-year career, Carlos Moreno, a scientist andbusiness professor in Paris, worked in relative peace.

Many cities around the world embraced a concept he started to develop in 2010. Called the 15-minute city, the idea is that everyday destinations such as schools, stores and offices should be only a short walk or bike ride away from home. A group of nearly 100 mayors worldwide embraced it as a way to help recover from the pandemic.

The conspiracy theorists came late, but suddenly.

In recent weeks, a deluge of rumors and distortions have taken aim at Mr. Morenos proposal. Driven in part by climate change deniers and backers of the QAnon conspiracy theory, false claims have circulated online, at protests and even in government hearings that 15-minute cities were a precursor to climate change lockdowns urban prison camps in which residents movements would be surveilled and heavily restricted.

Many attacked Mr. Moreno, 63, directly. The professor, who teaches at the University of Paris 1 Panthon-Sorbonne, facedharassment in online forums and over email. He was accused without evidence of being an agent of an invisible totalitarian world government. He was likened to criminals and dictators.

For the first time in his career, he started receiving death threats. People said they wished he and his family had been killed by drug lords, told him that sooner or later your punishment will arrive and proposed that he be nailed into a coffin or run over by a cement roller.

I wasnt a researcher anymore, I was Pol Pot, Stalin, Hitler, Mr. Moreno said. I have become, in one week, Public Enemy No. 1.

For high-profile figures, such as the infectious-disease expert Dr. Anthony S. Fauci and the Microsoft co-founder Bill Gates, misinformation and the hostility it can cause have long been a part of the job description. But increasingly, even professors and researchers without much of a public persona have faced intimidation from extremists and conspiracy theorists.

Many of the recent threats have been directed at scientists studying Covid-19. In a survey of 321 suchscientistswho had given media interviews, the journal Nature found that 22 percent had received threats of physical or sexual violence and 15 percent had received death threats. Last year, an Austrian doctor who was a vocal supporter of vaccines and a repeated target of threats died by suicide.

One epidemiologist keeps a folder on her computer to store all the death threats she receives just in case. A professor of atmospheric science who studied global warming received a letter containing white powder (it looked like anthrax but turned out to be cornstarch). A professor of health law and science policy, in an article touching on his experiences with death threats, lawsuits and online trolling, wrote: My skin is thick. Im used to the hate.

Mr. Morenos work has not been focused on the pandemic, though his 15-minute cities idea has become more popular since it began. Like many of his academic peers who have faced harassment and disinformation campaigns, he is at a loss for ways to protect himself.

Im not totally sure what is the best reaction to respond, to not respond, to call a press conference, to write a press release, he said. Academics, he said, are relatively alone.

Mr. Moreno, who grew up in Colombia, began working as a researcher in a computer science and robotics lab in Paris in 1983; the career that followed involved creating a start-up, meeting the Dalai Lama and being named a knight of the Lgion dHonneur. His work has won several awards and spanned many fields automotive, medical, nuclear, military, even home goods.

Around 2010, he started thinking about how technology could help create sustainable cities. Eventually, he refined hisideas about human smart cities and living cities into his 2016 proposal for 15-minute cities. The idea owes much to its many predecessors: neighborhood units and garden cities in the early 1900s, the community-focused urban planning pioneered by the activist Jane Jacobs in the 1960s, even support for new urbanism and walkable cities in the 1990s. So-called low-traffic neighborhoods, or LTNs, have been set up in several British cities over the past few decades.

Critics of 15-minute cities have been outspoken, arguing that a concept developed in Europe may not translate well to highly segregated American cities. A Harvard economist wrote in a blog post for the London School of Economics and Political Science in 2021 that the concept was a dead end that would exacerbate enormous inequalities in cities by subdividing without connecting them.

Mr. Moreno did not face harassment, however, until conspiracy theorists mistakenly conflated 15-minute cities with the low-traffic-neighborhood idea in Britain.

Efforts to adopt LTNs, which wereapproved for testing last year in centuries-old Oxford, have drawn concerns about whether the traffic reduction measures could cause congestion to spill into surrounding areas or make some properties less accessible. Some people, however, seized on otherelements of the plan including cameras meantto monitor license plates.

The result, according to misinformed conspiracy theorists: A nightmare scenario in which residents would be confined in open-air prisons fenced off into siloed zones. On Feb. 18, when an estimated 2,000 demonstrators converged at a protest in Oxford, some carried signs claiming that 15-minute cities would become ghettos created by the World Economic Forum as a form of tyrannical control.

In fact, LTNs are championed by the Oxfordshire county council; the separate Oxford City Council has cited the 15-minute city asan inspiration for its vision of the city in 2040. As both government bodies noted in an attempt todebunk the rumors, neither proposal involves physical barriers. One concept is concerned with limiting cars, while the other is focused on bringing daily necessities closer to residents.

Still, Jordan Peterson, a Canadian psychologist with four million Twitter followers, suggested that 15-minute cities were perhaps the worst imaginable perversion of the idea of walkable neighborhoods. He linked to a post about the Great Reset, an economic recovery plan proposed by the World Economic Forum that has spawned hordes of rumors about a pandemic-fueled plot to destroy capitalism.

A member of Britains Parliament said that 15-minute cities were an international socialist concept that would cost us our personal freedoms. QAnon supporters said the derailment of a train carrying hazardous chemicals in Ohio was an intentional move meant to push rural residents into 15-minute cities.

Conspiracy-mongers have built a complete story: climate denialism, Covid-19, anti-vax, 5G controlling the brains of citizens, and the 15-minute city for introducing a perimeter for day-to-day life, Mr. Moreno said. This storytelling is totally insane, totally irrational for us, but it makes sense for them.

The multipronged conspiracy theory quickly became turbocharged after the Oxford protest, said Jennie King, head of climate research and policy at the Institute for Strategic Dialogue, a think tank that studies online platforms.

You have this snowball effect of a policy, which in principle was only going to affect a small urban population, getting extrapolated and becoming this crucible where far-right groups, industry-sponsored lobbying groups, conspiracist movements, anti-lockdown groups and more saw an opportunity to insert their worldview into the mainstream and to piggyback on the news cycle, she said.

The vitriol currently directed at Mr. Moreno and researchers like him mirrors the broader erosion of trust in experts and institutions, Ms. King said. Modern conspiracy theorists and extremists turn the people they disagree with into scapegoats for a vast array of societal ills, blaming them personally for causing the high cost of living or various health crises and creating an us-versus-them environment, she said.

The ramped-up rhetoric and thedisintegration of safeguardshas caused many people in the academic community to flee forums like Twitter for more niche sites like Mastodon, Ms. King said. Last year, the American Psychological Association published a feature suggesting that universities form safety offices to help professors filter menacing messages, scrub their personal information from the internet and gain access to counseling.

Mr. Moreno said he did not understand the intensity of the hate directed at him.

I am not a politician, I am not a candidate for anything as a researcher, my duty is to explore and deepen my ideas with scientific methodology, he said. It is totally unbelievable that we could receive a death threat just for working as scientists.

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Carlos Moreno Created the 15-Minute City. Conspiracy Theorists ... - The New York Times

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On the road again – POLITICO – POLITICO

Send tips | Subscribe here | Email Maura | Follow Politico Canada

Thanks for reading Ottawa Playbook. Im your host, Maura Forrest, with Nick Taylor-Vaisey. This week, two parallel budget tours hit the road, the Emergencies Act is under scrutiny (again), and we hear theres some news about DONALD TRUMP. And this morning, well find out which Canadian astronaut gets to fly to the moon.

Prime Minister Justin Trudeau is in Quebec as part of his budget tour today. | Hollie Adams/Getty Images

BUDGET TOUR The House of Commons isnt sitting again until April 17, giving the Liberals (and NDP) plenty of time to criss-cross the country and sell last weeks federal budget to Canadians (or take credit for whats in it).

Prime Minister JUSTIN TRUDEAU is in Quebecs Abitibi region today, visiting two ridings currently held by the Bloc Qubcois. Hell visit a grocery store and hold a town hall with employees of a lithium mine.

Trudeau was in Montreal over the weekend, and made a Sunday evening appearance on Tout le monde en parle the must-watch Quebec talk show where his most notable lines werent about the budget at all.

Election talk: Its been pretty clear for a while now that Trudeau isnt planning an exit anytime soon. But for the record, he told host GUY A. LEPAGE in no uncertain terms that hell be leading the Liberals into the next election.

Migrant deaths: He was also asked about the deaths last week of two migrant families attempting to enter the United States from Canada across the St. Lawrence River in Akwesasne Mohawk territory. Trudeau claimed the tragedy is proof that Canada needs controlled, regular migration, which he said is why his government reached an agreement with the U.S. to extend the Safe Third Country Agreement to the entire border.

Thats an argument unlikely to sit well with refugee advocates, who say the expanded agreement which allowed the government to close the unofficial border checkpoint at Roxham Road in Quebec will drive migrants to attempt more dangerous crossings.

Also worth noting: The PM has launched a new YouTube channel just in time for the budget tour. He already has an official channel, featuring all his official speeches and press conference clips. But this new one offers a more, shall we say, personal touch.

For example, here he is, sitting on his desk, explaining the so-called grocery rebate (7,600 views). Here he is, with a whiteboard, explaining how budgets get made (for some reason, lobbyists dont get a mention here). Here he is, in a hard hat, explaining the electric vehicle supply chain (155 views).

(Just as a point of comparison, Conservative Leader PIERRE POILIEVREs Friday video urging people to fill up their tanks ahead of the annual carbon tax increase has roughly 210,000 views but whos counting?)

Meanwhile: Trudeaus ministers will pop up today at grocery stores, union locals, universities and Royal Canadian Legion branches from Calgary to Newfoundland, where theyll no doubt highlight the budgets affordability measures and tax credits for the low-carbon economy.

NDP Leader JAGMEET SINGH is also on the road as part of his own post-budget victory tour. Hell spend the day in St. Johns, Nfld., where hell claim the governments C$13-billion dental care plan as a major NDP win.

For more on that: Heres the CBCs AARON WHERRY on how dental care is happening now because the Liberals and New Democrats were willing to sign a supply-and-confidence agreement and the NDP needed something to show for it.

ONCE MORE, WITH FEELING The Federal Court will begin hearings this morning on the federal governments invocation of the Emergencies Act during the so-called Freedom Convoy protests in February 2022.

Youll no doubt recall that Justice PAUL ROULEAU, who spearheaded the public inquiry into the use of emergency powers, concluded in February that Trudeau was justified in invoking the act to end the occupation in Ottawa and protests elsewhere in the country.

But civil liberties organizations and groups involved with the protests are taking the government to court in a separate bid to prove the Liberals didnt meet the legal threshold required to invoke the act. The hearings will take place in Ottawa today until Wednesday.

Whats at stake: Its possible the court could reach a different conclusion from Rouleau, who himself found that reasonable and informed people could look at the same situation and decide the use of emergency powers was unwarranted.

The question of whether the legal threshold for invoking the Emergencies Act was met is important not just for evaluating a historical event, but for how it might guide governments in the future, CARA ZWIBEL, a lawyer with the Canadian Civil Liberties Association, said in a statement Friday. Ultimately, it is a question that can only be answered by the courts.

A lone MAGA protester was parked outside Trump Tower on Saturday. | Wesley Parnell for POLITICO

THE INDICTMENT We know, we know, this is a Canadian politics newsletter. But it will be difficult to ignore former U.S. President DONALD TRUMPs expected appearance in a Manhattan courtroom on Tuesday, following his indictment related to alleged hush money payments to porn star STORMY DANIELS.

Here are some of the latest POLITICO offerings on the unprecedented story:

Know someone who could use Ottawa Playbook? Direct them to this link. Five days a week, zero dollars.

Prince Edward Islanders go to the polls today.

Prime Minister JUSTIN TRUDEAU is in Quebecs Abitibi region.

Seniors Minister KAMAL KHERA will attend the United Nations Open Ended Working Group on Ageing, taking place in New York City today until Thursday, where she will deliver Canadas national statement.

7 a.m. The Assembly of First Nations Special Chiefs Assembly begins in Ottawas Shaw Centre with a pipe ceremony.

9:30 a.m. (11 a.m. NDT) NDP Leader JAGMEET SINGH is in St. Johns, Nfld. for a roundtable with seniors on dental care. Hell speak with reporters at 10:45 a.m. (12:15 NDT).

9:30 a.m. The Federal Court will begin hearings in a judicial review of the invocation of the Emergencies Act during the Freedom Convoy protests.

10:30 a.m. The Bank of Canada releases its first quarter issue of the Business Outlook Survey and the latest Canadian Survey of Consumer Expectations.

11 a.m. (10 a.m. CDT) Innovation Minister FRANOIS-PHILIPPE CHAMPAGNE is in Houston, Texas, with Canadian Space Agency President LISA CAMPBELL to reveal the names of astronauts for the Artemis II Moon mission, including one Canadian.

11:25 a.m. Trudeau will visit a grocery store in Val-dOr, Que., before speaking to reporters at 11:45 a.m.

12 p.m. (11 a.m. CDT) NDP MPs JENNY KWAN and LEAH GAZAN will hold a press conference in Emerson, Man., to condemn the governments expansion of the Safe Third Country Agreement.

3:45 p.m. Trudeau will hold a town hall with employees of the Sayona lithium project in La Corne, Que.

5:30 p.m. (7 p.m. NDT) Singh will host a meet and greet in St. Johns, Nfld.

JOB OPENINGS ERIN OTOOLE is out. A little over a year after being ousted from the Conservative leadership, OToole announced in a statement Friday hell be resigning his Durham seat at the end of the spring session.

Heres Globals ALEX BOUTILIER with a look back at OTooles decade in federal politics, his successful leadership bid and unsuccessful election campaign, and the party infighting that cast him out.

The full tally: OTooles exit will soon bring to six the number of federal ridings in need of a byelection, including three others vacated by Conservatives: PortageLisgar (CANDICE BERGEN), Calgary Heritage (BOB BENZEN) and Oxford (DAVE MACKENZIE). Two Liberal seats Winnipeg South Centre (JIM CARR) and Notre-Dame-de-GrceWestmount (MARC GARNEAU) round out the list. Those five byelections will all need to be announced by the end of summer.

But in all six ridings, theres a good chance the real drama will have played out long before voters actually head to the polls. Poll aggregator 338Canada rates all six as safe holds for the incumbent party, meaning the nomination races are likely where its at.

Hence all the fireworks in Oxford, where Conservative party organizer ARPAN KHANNA recently won the partys nomination despite accusations of being a parachute candidate.

And at least five Conservatives are vying for the partys nomination in Bergens former Manitoba seat, including former provincial minister CAMERON FRIESEN and former MP LAWRENCE TOET.

HOW THEY REALLY FEEL Playbook got its hands on the results of a Canada Revenue Agency employee survey. The agency wanted to gauge the vibe among employees who returned to the office to do their day jobs (i.e. not to just pick up mail).

A big caveat: The November survey predated a broad-based return-to-office hybrid regime that kicked in for thousands of workers in January.

The topline numbers: More than 6,400 CRA-ers who had already returned to the office in some capacity took the survey. Fifty-six percent said they still mostly worked from home. Another 27 percent split their time between home and office. The hardcore office workers comprised 17 percent. One in four commuted to an office once a month or less.

Almost every single survey respondent 97 percent accomplished what they expected to accomplish in the office. One in four returned at their bosss request. A mere 16 percent claimed to prefer to work in the office.

Snitch watch: Twenty-eight percent of respondents observed other employees at their CRA office not following safety protocols. (The bold and underline is the agencys formatting.)

Half and half: In November, 56 percent of surveyed employees indicated they were happy to work at a CRA office. Thats a majority! But remember, the survey excluded employees who were still fully work-from-home.

The official word: A spokesperson said the agency intends to maintain key flexibilities in its application of its Directive on Virtual Work Arrangements. The CRA has continuously engaged and consulted on how we will navigate our journey to a hybrid work environment, and will continue to do so.

Are you a CRA employee? Are you happy with your return to the office? Can you simply not wait to arrive for a hard days work? Or are you a homebody? Tell us!

Interim RCMP commissioner MICHAEL DUHEME told CTVs VASSY KAPELOS that the national police force should be able to use CSIS intelligence as evidence in criminal investigations.

The federal government is staring down one of the biggest strikes in Canadian history as public servants push for higher wages, Bloombergs RANDY THANTHONG-KNIGHT reports.

The next federal ethics watchdog will be paid C$110,000 less than the previous commissioners, the National Posts CHRISTOPHER NARDI learned.

MARK SUTCLIFFE and CATHERINE MCKENNEY raised similar amounts during the Ottawa mayoral election campaign, but in very different ways, the CBCs JOANNE CHIANELLO reports. Sutcliffe, who won the race, raised C$300,000 from just 250 people who donated the maximum amount. Among the names? DALTON MCGUINTY, MICHELLE COATES-MATHER, KORY TENECKYE and CHRIS FROGGATT. Former mayor JIM WATSON also gave C$500.

Ontarios chief electoral officer wants a ban on publishing the results of political polls for the last two weeks before an election, the CBCs MIKE CRAWLEY reports. Poll guru RIC GRENIER has thoughts.

And the CBCs JOHN PAUL TASKER writes that the cost to run the federal government is up C$151 billion since Trudeau took office.

For POLITICO Pro subscribers, our latest policy newsletter from ZI-ANN LUM and JOSEPH GEDEON: Exit interview with the Business Councils John Dillon.

In other news for Pro subscribers:

Lost in translation: Washington and Brussels face pushback on effort to patch trade rift.

IRS rules for electric cars unveiled after months of attacks.

Environmentalists alarmed by push to undermine New Yorks climate law.

How the climate movement learned to win in Washington.

Biden-backed California rule pushes clean trucks.

Birthdays: HBD to former senator DANIEL LANG.

Spotted: HAN DONG, serving Global News and SAM COOPER with a libel notice for a story alleging he advised a Chinese diplomat to delay the release of the two Michaels.

TASHA KHEIRIDDIN, accusing PIERRE POILIEVRE of revisionist history for claiming the Wright brothers were simple, common men.

The WESTERN STANDARD, going all in on April Fools Day JORDAN PETERSON, apparently falling for it.

Elsewhere, with attempts at April Fools Day humor: BOB RAE and the BLOC QUBCOIS.

Another UCP candidate, TUNDE OBASAN, bowing out Meanwhile, RAJAN SAWHNEY, a provincial minister who had said she wouldnt run again, is now the UCP candidate in the riding held by Environment Minister SONYA SAVAGE, who has also announced she wont seek re-election.

NDP MP CHARLIE ANGUS, accusing former B.C. NDP premier JOHN HORGAN of cashing in as the planet burns for joining the board of a coal company.

PIERRE POILIEVRE, making a Very Funny Joke.

Movers and shakers: SABRINA KIM starts today as director of issues management for Natural Resources Minister JONATHAN WILKINSON. Kim was most recently d-comm and head of issues management for Defense Minister ANITA ANAND and also served stints in the Prime Ministers Office and for two environment ministers.

Got a document to share? A birthday coming up? Send it all our way.

Find the latest House committee meetings here.

Keep track of Senate committees here.

Fridays answer: Former Ottawa mayor CHARLOTTE WHITTON was the first woman mayor of a major Canadian city. She served from 1951 to 1956 and again from 1960 to 1964.

Props to SUSAN KEYS, BILL PRISTANSKI, GERMAINE MALABRE, ALYSON FAIR, ROBERT MCDOUGALL, RALPH LEVENSTEIN, DAN MCCARTHY, SHAUGHN MCARTHUR, LAURA JARVIS, DOUG SWEET, GEORGE YOUNG, DIANNE BRYDON, BOB GORDON, JOHN DILLON, NANCI WAUGH, BARRE CAMPBELL, PATRICK DION, CAROLYN MCCRIMMON, JOHN ECKER, JOE MACDONALD and GUY SKIPWORTH.

Todays question comes to us from reader DOUG SWEET: Canadas third prime minister had a much more famous great-grandson. Name them both.

Send your answer to [emailprotected]

Playbook wouldnt happen without: Luiza Ch. Savage, Sue Allan and David Cohen.

Want to grab the attention of movers and shakers on Parliament Hill? Want your brand in front of a key audience of Ottawa influencers? Playbook can help. Contact Jesse Shapiro to find out how: [emailprotected].

Excerpt from:
On the road again - POLITICO - POLITICO

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Astar Network To Launch Smart Contracts 2.0 on the Mainnet on April 6th – The Defiant – DeFi News

Tokyo, Japan, April 3rd, 2023, Chainwire

On WASM Launch Day, Astar along with Polkadot and other ecosystem partners will host a virtual panel discussion with developers

Astar Network, a smart contracts platform for multichain, is thrilled to announce that it will launch Smart Contracts 2.0 the WebAssembly (WASM) smart contracts that extend the Web3 functionality of EVM on the mainnet at 14:00 UTC on Thursday, April 06th. With this technical update, Astar Network will support both Ethereum Virtual Machine (EVM) and WASM VM smart contracts on the mainnet.

Astar Network is hosting a virtual celebration with the entire Web3 community, called WASM Launch Day. Interested developers, Web3 enthusiasts, and those new to crypto can RSVP for the live panel discussion on WASM Launch Day here. Astars Founder Sota Watanabe, Head of Growth Maarten Henskens, and Polkadot developers along with the leading infrastructure teams will discuss how WASM will revolutionize blockchain.

With our next level smart contracts, you can create a WASM or EVM project, and you can create new multichain applications. Anyone can also connect their Astar project to any Polkadot or EVM ecosystem. There are no limitations on what you can build. This is the next level of smart contracts! said Sota Watanabe, Founder of Astar Network.

Moreover, Astar Network will hold a virtual meet-up with Parity, Phala, DIA, SubWallet, Brushfam & Subsquid the infrastructure partners that will build the foundation of Astars WASM environment. Developers will also be apprised of how to create a promising multichain network on Astar.

On April 6th, Astar Network will become the first Polkadot parachain to support a stable WASM environment by enabling ink! smart contracts. Software developers will be able to build with Polkadot, too, thanks to the XCM functionality.

Astar Network supports both the Ethereum Virtual Machine (EVM) and WebAssembly (WASM) smart contract environments. Having two VMs simultaneously and making them interactive is a key success factor for an emerging Layer-1 blockchain. Though Ethereum brought us the Web3 revolution with the introduction of smart contracts, it cannot build the innovative future of blockchain alone.

WASM VM enables new developers to begin their Web3 journey on Astar since it is compatible with many programming languages including C/C++, GO, TypeScript, Java, and RUST. Developers dont need to learn a new programming language from scratch to start building. They can build with the language they are already familiar with. The variety of tools and resources used by software developers can now be integrated with Astar technology.

As one of the leading teams pushing WASM and EVM smart contract environments that allow developers to deploy dApps with ease, Astar is committed to bettering the infrastructure around Wasm and ink! within the Polkadot ecosystem.

Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astars unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build.

One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.

For more information, visit: Website | Twitter | Discord | Telegram | GitHub | Reddit

Maarten Henskens[emailprotected]

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Astar Network To Launch Smart Contracts 2.0 on the Mainnet on April 6th - The Defiant - DeFi News

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The Role of Enterprise Ethereum: Applications, Benefits, and Challenges – Finance Magnates

EnterpriseEthereum is a blockchain network created primarily for enterprises. It is builton the Ethereum blockchain, which is well-known for its adaptability and scalability.This article will look into Enterprise Ethereum's position in business,including its applications, benefits, and challenges.

EnterpriseEthereum is a blockchain technology intended specifically for enterprises. Itis built on the Ethereum blockchain, a decentralized platform that allows forthe development of smart contracts and decentralized apps. (DApps). EnterpriseEthereum is a private blockchain, which means that only authorized users mayaccess it.

EnterpriseEthereum has several business applications. Among the most importantapplications are:

Supply chainmanagement is a fundamental use of Enterprise Ethereum. It can be used to tracethe flow of commodities, validate product authenticity, and streamline supplychain operations. Many supply chain management procedures, such as checking thelegitimacy of items and completing payments, can be automated using smartcontracts.

Keep Reading

Identitymanagement is another Enterprise Ethereum application. It can be used to manageand verify identities securely, lowering the risk of identity theft and fraud.Smart contracts can be used to maintain identification information and giveauthorized users secure access.

Ethereum can beutilized in financial services as well. It can be used to simplify paymentprocedures, lower transaction costs, and improve transparency. Smart contractscan be used to automate numerous financial services procedures, such as paymentexecution and contract management.

EnterpriseEthereum provides various advantages to enterprises. Among the many advantagesare:

By automatingmany of the processes involved in company operations, Ethereum can assist toboost efficiency. Smart contracts can be used to automate operations likeconfirming the legitimacy of items, making payments, and monitoring contracts.

This can helpto reduce the amount of time and resources needed to complete transactions,hence enhancing efficiency and production.

EnterpriseEthereum provides greater security than typical commercial platforms.Transactions are safe and tamper-proof due to the usage of blockchaintechnology. Smart contracts are also intended to be tamper-proof, which meansthey cannot be changed after they have been executed.

As a result,Enterprise Ethereum offers a safe and dependable means to execute transactions.

By eliminatingthe need for intermediaries, such as banks or attorneys, Ethereum can assist tominimize transaction costs. Smart contracts can be used to perform transactionswithout the involvement of middlemen, lowering transaction costs and enhancingprofitability.

WhileEnterprise Ethereum has many advantages for organizations, it has certaindrawbacks. Among the major challenges are:

EnterpriseEthereum is a difficult technology that must be used with technical skills. Touse Enterprise Ethereum efficiently, businesses must have a solid understandingof blockchain technology and smart contracts. This may necessitate substantial investment in training and development.

It can bedifficult to integrate Enterprise Ethereum with legacy systems. Businesses mustverify that their existing systems are Enterprise Ethereum compliant, which maynecessitate significant investment in technical infrastructure.

EnterpriseEthereum adoption may also generate regulatory compliance concerns. Businessesmust ensure that their activities are in accordance with applicable laws andregulations, which can be complicated and time-consuming.

One of the keybenefits of Enterprise Ethereum is its ability to enable new forms ofcollaboration and cooperation between businesses.

Smartcontracts, a key feature of Enterprise Ethereum, are self-executing contractswith the terms of the agreement between parties being directly written intocode. This means that once the conditions specified in the contract are met,the contract automatically executes without the need for intermediaries orthird parties. Smart contracts can automate many aspects of inter-businesstransactions, such as payment processing, supply chain management, and legaloperations.

One of the mainbenefits of smart contracts in Enterprise Ethereum is that they can reducefriction and improve efficiency in business-to-business interactions. Byautomating processes and removing intermediaries, businesses can reduce costs,eliminate errors, and streamline their operations. This can significantlyreduce the time and effort required for these tasks, allowing businesses tofocus on their core activities.

Smart contractsin Enterprise Ethereum can also enable more seamless collaboration betweenbusinesses. For example, in supply chain management, smart contracts canautomate the process of verifying the authenticity and quality of goods,reducing the risk of fraud and enabling faster and more secure transactions.Additionally, smart contracts can automate the process of dispute resolution,reducing the time and effort required to resolve disputes between parties.

Another waythat Enterprise Ethereum can enable new forms of collaboration is through theuse of decentralized applications (dApps). dApps are software applications thatrun on the Ethereum blockchain, enabling secure and transparent transactionsbetween parties. They can be used for a variety of purposes, such asdecentralized finance (DeFi), supply chain management, and identityverification.

By using dAppsbuilt on Enterprise Ethereum, businesses can collaborate and cooperate in newways. For example, in DeFi, businesses can participate in decentralized lendingand borrowing, enabling faster and more secure transactions than traditionalbanking systems. In supply chain management, businesses can collaborate toimprove efficiency and transparency in the supply chain, reducing costs andimproving customer satisfaction.

EnterpriseEthereum provides various benefits to enterprises, including higherproductivity, improved security, and lower costs. However, it does provideseveral obstacles, including technical complexity, interaction with oldersystems, and regulatory compliance.

Overall,Enterprise Ethereum can assist firms in streamlining operations, loweringexpenses, and increasing profitability. However, before incorporatingEnterprise Ethereum into their processes, organizations must carefully assessthe opportunities and problems it presents.

EnterpriseEthereum, with careful planning and execution, has the ability to alter the wayorganizations function and communicate with one another, enabling secure andtransparent transactions without the need for middlemen.

As EnterpriseEthereum evolves and matures, we should expect to see even more inventivecorporate use cases and applications. Businesses will be able to streamlineprocesses, decrease costs, and boost efficiency by utilizing smart contractsand decentralized applications, while also improving security and transparency.

Overall,Enterprise Ethereum plays an important and expanding role in business. Whilethere are some challenges to overcome, the benefits of using EnterpriseEthereum are significant, and it is becoming a more popular choice forbusinesses looking to streamline operations and improve efficiency.

We shouldanticipate seeing many more fascinating advancements in the application ofEnterprise Ethereum in business as the technology evolves and matures.

EnterpriseEthereum is a blockchain network created primarily for enterprises. It is builton the Ethereum blockchain, which is well-known for its adaptability and scalability.This article will look into Enterprise Ethereum's position in business,including its applications, benefits, and challenges.

EnterpriseEthereum is a blockchain technology intended specifically for enterprises. Itis built on the Ethereum blockchain, a decentralized platform that allows forthe development of smart contracts and decentralized apps. (DApps). EnterpriseEthereum is a private blockchain, which means that only authorized users mayaccess it.

EnterpriseEthereum has several business applications. Among the most importantapplications are:

Supply chainmanagement is a fundamental use of Enterprise Ethereum. It can be used to tracethe flow of commodities, validate product authenticity, and streamline supplychain operations. Many supply chain management procedures, such as checking thelegitimacy of items and completing payments, can be automated using smartcontracts.

Keep Reading

Identitymanagement is another Enterprise Ethereum application. It can be used to manageand verify identities securely, lowering the risk of identity theft and fraud.Smart contracts can be used to maintain identification information and giveauthorized users secure access.

Ethereum can beutilized in financial services as well. It can be used to simplify paymentprocedures, lower transaction costs, and improve transparency. Smart contractscan be used to automate numerous financial services procedures, such as paymentexecution and contract management.

EnterpriseEthereum provides various advantages to enterprises. Among the many advantagesare:

By automatingmany of the processes involved in company operations, Ethereum can assist toboost efficiency. Smart contracts can be used to automate operations likeconfirming the legitimacy of items, making payments, and monitoring contracts.

This can helpto reduce the amount of time and resources needed to complete transactions,hence enhancing efficiency and production.

EnterpriseEthereum provides greater security than typical commercial platforms.Transactions are safe and tamper-proof due to the usage of blockchaintechnology. Smart contracts are also intended to be tamper-proof, which meansthey cannot be changed after they have been executed.

As a result,Enterprise Ethereum offers a safe and dependable means to execute transactions.

By eliminatingthe need for intermediaries, such as banks or attorneys, Ethereum can assist tominimize transaction costs. Smart contracts can be used to perform transactionswithout the involvement of middlemen, lowering transaction costs and enhancingprofitability.

WhileEnterprise Ethereum has many advantages for organizations, it has certaindrawbacks. Among the major challenges are:

EnterpriseEthereum is a difficult technology that must be used with technical skills. Touse Enterprise Ethereum efficiently, businesses must have a solid understandingof blockchain technology and smart contracts. This may necessitate substantial investment in training and development.

It can bedifficult to integrate Enterprise Ethereum with legacy systems. Businesses mustverify that their existing systems are Enterprise Ethereum compliant, which maynecessitate significant investment in technical infrastructure.

EnterpriseEthereum adoption may also generate regulatory compliance concerns. Businessesmust ensure that their activities are in accordance with applicable laws andregulations, which can be complicated and time-consuming.

One of the keybenefits of Enterprise Ethereum is its ability to enable new forms ofcollaboration and cooperation between businesses.

Smartcontracts, a key feature of Enterprise Ethereum, are self-executing contractswith the terms of the agreement between parties being directly written intocode. This means that once the conditions specified in the contract are met,the contract automatically executes without the need for intermediaries orthird parties. Smart contracts can automate many aspects of inter-businesstransactions, such as payment processing, supply chain management, and legaloperations.

One of the mainbenefits of smart contracts in Enterprise Ethereum is that they can reducefriction and improve efficiency in business-to-business interactions. Byautomating processes and removing intermediaries, businesses can reduce costs,eliminate errors, and streamline their operations. This can significantlyreduce the time and effort required for these tasks, allowing businesses tofocus on their core activities.

Smart contractsin Enterprise Ethereum can also enable more seamless collaboration betweenbusinesses. For example, in supply chain management, smart contracts canautomate the process of verifying the authenticity and quality of goods,reducing the risk of fraud and enabling faster and more secure transactions.Additionally, smart contracts can automate the process of dispute resolution,reducing the time and effort required to resolve disputes between parties.

Another waythat Enterprise Ethereum can enable new forms of collaboration is through theuse of decentralized applications (dApps). dApps are software applications thatrun on the Ethereum blockchain, enabling secure and transparent transactionsbetween parties. They can be used for a variety of purposes, such asdecentralized finance (DeFi), supply chain management, and identityverification.

By using dAppsbuilt on Enterprise Ethereum, businesses can collaborate and cooperate in newways. For example, in DeFi, businesses can participate in decentralized lendingand borrowing, enabling faster and more secure transactions than traditionalbanking systems. In supply chain management, businesses can collaborate toimprove efficiency and transparency in the supply chain, reducing costs andimproving customer satisfaction.

EnterpriseEthereum provides various benefits to enterprises, including higherproductivity, improved security, and lower costs. However, it does provideseveral obstacles, including technical complexity, interaction with oldersystems, and regulatory compliance.

Overall,Enterprise Ethereum can assist firms in streamlining operations, loweringexpenses, and increasing profitability. However, before incorporatingEnterprise Ethereum into their processes, organizations must carefully assessthe opportunities and problems it presents.

EnterpriseEthereum, with careful planning and execution, has the ability to alter the wayorganizations function and communicate with one another, enabling secure andtransparent transactions without the need for middlemen.

As EnterpriseEthereum evolves and matures, we should expect to see even more inventivecorporate use cases and applications. Businesses will be able to streamlineprocesses, decrease costs, and boost efficiency by utilizing smart contractsand decentralized applications, while also improving security and transparency.

Overall,Enterprise Ethereum plays an important and expanding role in business. Whilethere are some challenges to overcome, the benefits of using EnterpriseEthereum are significant, and it is becoming a more popular choice forbusinesses looking to streamline operations and improve efficiency.

We shouldanticipate seeing many more fascinating advancements in the application ofEnterprise Ethereum in business as the technology evolves and matures.

Continue reading here:

The Role of Enterprise Ethereum: Applications, Benefits, and Challenges - Finance Magnates

Read More..

Cryptocurrencies To Watch: Week of April 3 – Investopedia

Keep an Eye on These Coins

The latest week was good one for the cryptocurrency market, all things considered. Bitcoin managed to stay close to $28,000, which bodes well for support levels. Investors are hopeful this momentum will carry forward into the new quarter and help propel crypto to its higher prices of a few years ago. Some tokens, in particular, look as if they may gain momentum along with Bitcoin.

This week, we examine Stellar (XLM), Hedera (HBAR), Frax Share (FXS), Zilliqa (ZIL), and Cardano (ADA). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable price changes.

Stellars XLM coin price is up about 16%, most likely because the Central Bank of Brazil said it would pilot a central bank digital currency (CBDC) on the blockchain. The agency is testing a digital version of its currency, the Brazilian real.

Another potential reason for this price boost is the fact that Pendulum, a traditional finance infrastructure blockchain, said it would create a bridge connecting Polkadot infrastructure to Stellars blockchain.

This bridgea term for infrastructure that connects two blockchain ecosystemswill allow Polkadot to tap into Stellars solutions. Polkadot is a protocol that connects various blockchains, establishing interoperability. XLM is priced at around 10.8 cents. Last week, it was trading at around 09.3 cents (see chart below).

XLM Price: TradingView

Hedera (HBAR) gained about 18%, possibly because a Mastercard-backed blockchain app migrated to the network. The app is Fresh Supply Co., the largest user of Mastercard Provenance, a blockchain-based traceability solution.

Hedera said Fresh Supply Co.s tokenization of assets and events will foster transparency and deep, verifiable data for financiers. The company works in the agriculture business and offers solutions to other lenders.

Hedera also was recognized by the Biden administration for its role in recognizing human rights in the crypto industry. At the recent Summit for Democracy, Hedera committed to convening a democracy roundtable on how blockchain technologies could support human rights, transparency, and sustainability. HBAR is changing hands at about 7.1 cents, rising from around 6.1 cents last week (see chart below).

HBAR Price: TradingView

Frax Share (FXS)'s price rose by about 20%, perhaps as a result of Frax Finance's vote to fully collateralize its $1 billion market-capitalization stablecoin, called FRAX. Frax Finance is the community that helps steer the future of the project's stablecoin and protocol by voting on various decisions. This vote means that the collateral ratio of the Frax protocol is now 100%.

Ethereums upcoming Shanghai upgrade also may have played a role in boosting the price of FXS. The upgrade has led to increased activity and prices for liquid staking solutions, and Frax Finances frxETH has outpaced others, according to one crypto research firm. The Shanghai upgrade will allow users to withdraw staked ETH, Ethereum's native token, on the network, which is a significant development.

Liquid staking solutions are ways for users to participate in ETH staking without meeting the hefty minimum requirement of 32 ETH, while also allowing them to unstake at any time. The advantage of Fraxs liquid staking option is its leverage of the overall ecosystem to maximize yield and earn interest. FXS is trading around $9.15. Last week, it was approximately $7.73 (see chart below).

FXS Price: TradingView

Zilliqa (ZIL)'s price nearly 15%, possibly because of anticipation for the Zilliqa Ethereum Virtual Machine (EVM). EVM is a software platform used to build applications on Ethereum and other protocols that have EVM compatibility. The imminent release in late April of EVM compatibility to the Zilliqa mainnet would allow smart contracts written in the Solidity programming language to be deployed natively on Zilliqa.

Smart contracts are programs that operate on blockchain networks, resulting in more diverse applications. ZIL is currently valued at around 3 cents, up from about 2.7 cents last week (see chart below).

ZIL Price: TradingView

Cardanos ADA token experienced a price bump of about 12%, most likely because of improved development activity on the network. Information from crypto data feed Santiment showed a gain in this metric over the past week. The Cardano team also published an updated roadmap for Hydra, a Layer-2 scalability solutiona means for developers to increase transaction speed and lower transaction costs on the network.

Another possible reason could be evidence of the benefits of the Valentine upgrade hard fork emerging. This upgrade, introduced in February, improved security and interoperability on the network, which bodes well for the overall health of the ecosystem. It could have directly led to increased development activity. ADA is trading at around 40 cents. This time last week, it was about 35 cents (see chart below).

ADA Price: TradingView

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