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Frederik Nielsen - page 10

Frederik Nielsen has 165 articles published.

Frederik Nielsen
I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.

How Apple is stopping crypto-mining malware

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Apple recently tightened its guidelines for apps on the App Store. After experiencing quite a few apps that utilized the users’ devices to mine for cryptocurrency, Apple updated its official guidelines to include a section on cryptocurrency mining. Opinions are divided on whether or not this is a reasonable move. Some say that the revised guidelines are too harsh on app developers who make it clear that their revenue will come from cryptocurrency mining. Others say it is a wise move that will help combat phishing and malware, which are huge risks in the digital world.

New guidelines mention mining

Apple’s new guidelines are very thorough, and include references to ICOs, cryptocurrency mining, digital wallets, cryptocurrency exchange services, and any rewards based on digital currencies. Two of the clauses dealing specifically with these issues look like this:

2.4.2 Design your app to use power efficiently. Apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources. Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.

3.1.5 (b) (ii) Mining: Apps may not mine for cryptocurrencies unless the processing is performed off device (e.g. cloud-based mining).

Why should mining apps be banned?

One of the main arguments for this kind of striction is that cryptocurrency mining is not profitable when you are using your smartphone. There is a good reason why professional cryptocurrency miners invest a lot of money in building mining rigs, which are essentially really powerful computers. It takes a lot of processing power to mine, and even the newest iPhone will not be able to mine enough for users to make a profit.

Using a smartphone or tablet for mining will, on the other hand, quickly wear down the device by making it work harder than it is designed to do. This will significantly shorten its lifespan, which means that users will need to replace it more often. The only way to make a profit from using devices to mine is to use other people’s devices. This way, you do not have to worry about buying a new smartphone to sustain your mining activities.

Scammers are everywhere

Scammers have caught on to this, and that is why mining malware is such a big problem in the cryptocurrency space. The mining malware is not restricted to smart devices like phones and tablets, however. Scammers have managed to infect several websites of prominent institutions, such as governments and tech companies. Everyone visiting these sites will then unwittingly be mining cryptocurrency for the scammers, using whatever device they visit the website with. Coinhive is a great example of this kind of scam.

While Apple has undoubtedly received some criticism for its restrictive guidelines, it is ultimately good news for the average user. Only by preventing scammers from putting their apps on the App Store can Apple help its users avoid being taken advantage of. Whether official government regulations will be rolled out to prevent malware like Coinhive from infecting websites in the future remains to be seen.

Fidelity Investment Firm Looking for a New Fund Manager to Run its Cryptocurrency Department

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According to an article published on CCN, Fidelity Investment Firms has temporarily halted its intentions to launch cryptocurrency fund after key members and investors decided to leave the company. The Fund was launched in 2017 and its main objective is to come up with a cryptocurrency that will benefit the investors and the firm at large.

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It is reported that the firm used the extra funds it had in account to invest in high-risk high return assets and this did not go down well with some of the members. Notably, the decision to invest in the assets was done after an extensive analysis of the financial stability of the firm.

However, a report that was made public in June 9th, 108 has revealed that the small fund set aside for cryptocurrency investment is not operational at the moment after some of the main staff members who were tasked with steering the department left the firm. As a result, plans for Fidelity to launch its own exchange platforms hangs on the balance as there is no clear information on whether the firm still plans to establish the exchange.

Fidelity Lost Cryptocurrency Experts

Interestingly, two former staff members who were part of the management team Nic Carter who worked as a financial analyst and Matt Walsh the ex-Vice President went ahead to establish an independent cryptocurrency fund after leaving Fidelity Investment Firm. The fund is called Castle Island Ventures but it is still not clear if it is operational.
Nonetheless, it is too early to conclude that the firm will not set up the exchange platform owing to the fact that it is ranked among the largest financial service provider of retirement products here in the United States. Launching the exchange platform and making sure it is fully functional would significantly promote its growth and expand its clientele base. Hordes of investors who are currently on the sidelines would take that opportunity to invest in the project thereby increasing its chances of being successful.
Other crypto-talents who left the firm include digital marketing manager Ben Pousty who joined Circle and Kinjal Shah who used to work as a consulting analyst. Shah ditched Fidelity to join Blockchain Capital. At the moment, the firm is desperately looking for a competent fund manager who will oversee the operations at the cryptocurrency department.

Other Financial Service Providers Venturing into Cryptocurrency

Fidelity Investment Firm is not the only company in this niche that is seriously considering venturing into the cryptocurrency industry. Other financial service providers who have shown interest in the industry include New York Stock Exchange and Intercontinental Exchange.

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Goldman Sachs have also confirmed that they have completed setting up a bitcoin trading desk for its clients and will be fully operation later this year. Notably, a significant number of financial institutions are still reluctant to invest in digital currencies due to the various risks such as price volatility and lack of proper regulations in most parts of the country.

What would a crypto-economy look like?

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Despite the rapid growth of the cryptocurrency space, fiat money is still king in the real world. Even the most enthusiastic crypto-’hodler’ will, when they emerge from their dark caves to get some daylight, eventually have to use government-issued fiat money to pay for everyday goods and services. But much has changed in the world of fiat money. Although they are issued by central banks and declared legal tender by the government, they are not what they used to be. No longer backed by gold, they have little intrinsic value. And with contactless credit and debit cards being the norm, we are increasingly moving towards a cashless society. The next logical step would be to transform the economy from one of fiat currency to one of cryptocurrency. But what would that look like?

More people start using it

Without the people interested in using cryptocurrency, the project will never become a reality. Whilst the interest in cryptocurrency is big enough to hold a Bitcoin rally, it is nowhere near popular enough to be considered a household name. In order for cryptocurrency to become the standard, pretty much everyone would have to know about it and have some experience using it.

Businesses adapt to it

In order for people to use cryptocurrency, more shops and other businesses would need to start accepting it. Although a few businesses and charities have begun accepting cryptocurrency, there is a long way to go before we can use them to buy groceries at the local corner shop. Online stores will probably be the first businesses where it will be a mainstream to pay with Bitcoin. Physical stores will have to catch up so they do not lose out on business.

Governments will (begrudgingly) adapt

The governments will be one of the last local institutions to accept the transformation from fiat to crypto. The main reason for this is that it is in the government’s’ interest to maintain the status quo. Fiat money gives them a lot of control over a country’s economy, and they will be unlikely to relinquish that control easily. China is a great example of how governments are fighting off the crypto-revolution.

National and international spread

Once consumers are using it, businesses are accepting it, and governments are taking steps to implement it, cryptocurrency will be a nationwide legal tender. Once enough countries have reached this stage, an international economy based on cryptocurrency can begin to develop. This is probably not going to happen in the near future, due to the large inequality between the countries around the world.

What can be done to speed up the process?

It will take a lot of patience on the part of crypto-fans, as these things move a lot slower than one could want. The only way to speed up the process of transforming the economy from being based on fiat money to one based on cryptocurrency is (you guessed it) to use cryptocurrency. As much as possible, in as many places as possible. The more people use it, the more businesses will accept it, and the faster governments will have to act on it.

The future of cryptocurrency

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It is never wise to make predictions about the future, particularly not in finance. And when it comes to crypto-finance, it is especially hard to predict what will happen in the future — let alone today. This is not stopping anyone from making predictions, however. Quite a few writers have speculated on what the future of cryptocurrency will look like. Whilst it is impossible to pinpoint exact changes, some trends are more or less certain to continue. More investors will begin to buy into cryptocurrency, security and regulation will improve, and the market will probably remain volatile for the foreseeable future.

More funding from traditional investment sources

As cryptocurrency becomes more mainstream and governments are implementing proper regulations, investors who have been apprehensive will begin to fund blockchain projects. When the space becomes regulated, there will be less anxiety and fear about bad investment decisions. This will open up the doors for the more cautious investors. Because cryptocurrencies like Bitcoin and Ethereum have been in circulation for quite a while now, more people are beginning to view it as a serious financial investment. Although Bitcoin has taken a huge hit in terms of value since the crash last year, experts are predicting that it will actually rise higher than the all-time high of $20,000. Some have even speculated that the value of a Bitcoin will reach a quarter million dollars by 2022. There is still a long way to go before everyone is onboard the crypto-train, however.

Security and regulation will improve

One of the biggest concerns cited by apprehensive investors is the lack of security in the cryptocurrency space. A recent survey revealed that almost half of the respondents saw security in cryptocurrency as a big concern. Part of the problem is the lack of regulation of the market. Although more and more countries are slowly implementing proper regulations, the market as a whole remains largely unregulated. Compared to trading with fiat money, the cryptocurrency space is considered to be the Wild West. Hackers and scammers thrive when there is little to no regulation, which is also off-putting for investors. Fortunately, many countries are in talks of rolling out global regulations, which should remedy these concerns. The recent G20 meeting in Argentina saw proposals for cryptocurrency regulations being laid out for the future.

Volatility will continue

One of the main factors that worry investors is the volatility of the cryptocurrency market. Although this can mainly be put down to the temperament of the current traders, security is also a concern.

The recent hacking of Coinrail, and subsequent dip in the value of Bitcoin and Ethereum, is a good example of how a lack of security can impact the market as a whole. But trader temperament and security concerns are far from the only factors that make the market so volatile. The lack of intrinsic value of cryptocurrency is another major reason why the value can rise and fall so much and so fast. Although Stablecoins have physical goods like gold to back them up, these tokens are the exception rather than the rule. This indicates that, unless something changes, cryptocurrencies will continue to be volatile in the near future.

Germany Government States Cryptocurrency Don’t Pose Danger to Financial Industry

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According to an article published on CCN, Fidelity Investment Firms has temporarily halted its intentions to launch cryptocurrency fund after key members and investors decided to leave the company. The Fund was launched in 2017 and its main objective is to come up with a cryptocurrency that will benefit the investors and the firm at large.

ICOFRIENDS.COM
It is reported that the firm used the extra funds it had in account to invest in high-risk high return assets and this did not go down well with some of the members. Notably, the decision to invest in the assets was done after an extensive analysis of the financial stability of the firm.

However, a report that was made public in June 9th, 108 has revealed that the small fund set aside for cryptocurrency investment is not operational at the moment after some of the main staff members who were tasked with steering the department left the firm. As a result, plans for Fidelity to launch its own exchange platforms hangs on the balance as there is no clear information on whether the firm still plans to establish the exchange.

Fidelity Lost Cryptocurrency Experts

Interestingly, two former staff members who were part of the management team Nic Carter who worked as a financial analyst and Matt Walsh the ex-Vice President went ahead to establish an independent cryptocurrency fund after leaving Fidelity Investment Firm. The fund is called Castle Island Ventures but it is still not clear if it is operational.
Nonetheless, it is too early to conclude that the firm will not set up the exchange platform owing to the fact that it is ranked among the largest financial service provider of retirement products here in the United States. Launching the exchange platform and making sure it is fully functional would significantly promote its growth and expand its clientele base. Hordes of investors who are currently on the sidelines would take that opportunity to invest in the project thereby increasing its chances of being successful.
Other crypto-talents who left the firm include digital marketing manager Ben Pousty who joined Circle and Kinjal Shah who used to work as a consulting analyst. Shah ditched Fidelity to join Blockchain Capital. At the moment, the firm is desperately looking for a competent fund manager who will oversee the operations at the cryptocurrency department.

BTC GERMANY

Other Financial Service Providers Venturing into Cryptocurrency

Fidelity Investment Firm is not the only company in this niche that is seriously considering venturing into the cryptocurrency industry. Other financial service providers who have shown interest in the industry include New York Stock Exchange and Intercontinental Exchange.
Goldman Sachs have also confirmed that they have completed setting up a bitcoin trading desk for its clients and will be fully operation later this year. Notably, a significant number of financial institutions are still reluctant to invest in digital currencies due to the various risks such as price volatility and lack of proper regulations in most parts of the country.

Coinrail is hacked, Bitcoin value plummets

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The ever-volatile market for cryptocurrency has taken another hit after a prominent South Korean cryptocurrency exchange got hacked. Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS are among the many cryptocurrencies that have dropped 10% or more in value as a result of the hack. According to the Wall Street Journal, the person behind the hack got away with cryptocurrency worth $40 million.

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As a result of the hack Coinrail has been taken offline. According to Coinrail’s website, the team running the exchange managed to secure 70% of all the cryptocurrency tokens that were stored there. They managed to secure them by using a cold wallet, which is a hard drive not connected to the Internet. In the digital world, hackers are far from uncommon. The remaining 30% of the cryptocurrency tokens have been leaked.

Why is this interesting?

The interesting this about this case is the massive impact it had on the value of cryptocurrencies that were not even affected by the hack. Bitcoin, for example, was not affected by it, and yet the value dropped by a tenth. The only reason why the value of the otherwise unaffected cryptocurrencies has dropped is because investors decided to sell their tokens after hearing about the hack.

The reason why investors have decided to back off of cryptocurrency after the hack remains unclear. Had one of the major cryptocurrency exchanges been hacked, their decision would perhaps have been more obvious. However, Coinrail is not one of the major exchanges. According to the Wall Street Journal, they come in as number 100 on the list of the world’s largest cryptocurrency exchanges.

Why did the investors back off?

Some have speculated that the reason could be the unpredictable environment in the cryptocurrency space. Because many find the technology is difficult to understand and the governments have yet to solidify their regulations, cryptocurrency traders are looking at any other warning signs to guide their investment decisions.

Many media outlets have attempted to do the calculations on exactly how much this hack has cost the cryptocurrency market. Bloomberg, among others, have come to the conclusion that up to $42 million has been lost as a result of the hack. This is more than what was lost during the hack itself. What this indicates is that investor temperament can be just as, if not more, damaging than a cyber attack.

Maybe it has nothing to do with the hack

Experts, however, are of a different opinion., Some point to the fact that, according to CoinDesk, Bitcoin was already on its way down prior to the hack. After the all-time high of December 2017, Bitcoin has had a hard time recovering its value in 2018. As a matter of fact, the first quarter of 2018 has been the worst yet for Bitcoin.

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The same can be said for the other cryptocurrencies that were apparently affected by the hack of Coinrail. Looking at Ethereum and Ripple shows a similar pattern. Ethereum lost almost half of its value by dropping 47.7%, and Ripple lost the majority of its value when it lost 77% of it. This could indicate that the hack was actually not the reason for the drop in cryptocurrency value. Rather, 2018 has just not been a great year for the big cryptocurrencies.

Dennis Rodman, PotCoin, and North Korea peace talks

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dennis-rodman-potcoin

The world has been on edge since Donald Trump and Kim Jong Un started to throw barbs at each other. What was first an early indicator of an impending nuclear war has now been dialed down to peace talks between the United States and North Korea.

The situation is no longer as tense as it was before, and there could be more than one reason for that. Rather than relying on Donald Trump’s diplomatic skills, former basketball star Dennis Rodman decided to join in on the peace talks to provide some much-needed moral support. Dennis Rodman and Kim Jong Un are old buddies, as they watched a game between their countries back in 2013.

But what does all this have to do with cryptocurrency?

PotCoin publicity stunt?

What caught the eye of the mass media was not so much the return of Dennis Rodman to the Far East. Rather, it was his outfit that got people talking. The t-shirt he wore had a peaceful slogan emblazoned on it, which said ‘peace starts in Singapore’. Nothing controversial here.

What was controversial, however, was the fact that it also had the logo for PotCoin on it. The cryptocurrency, which has sponsored Dennis Rodman’s trip to Singapore, was given a shoutout on his Twitter prior to his departure from the United States.

This is not the first time PotCoin has sponsored Dennis Rodman’s travels. Last year, the cryptocurrency team paid for his trip to North Korea. Here, Rodman and his colleagues were also seen wearing PotCoin merchandise, including t-shirts and baseball caps.

Why is this controversial?

It is not uncommon for a company to sponsor a celebrity traveling somewhere. It is an old marketing trick to have a well-known person wear your company’s clothing in order to create brand awareness. What makes the PotCoin sponsorship of Dennis Rodman’s trips to Singapore and North Korea controversial is that marijuana is illegal in both countries.

The situation is a bit more serious in these two countries than it is in Europe and the United States, for example. In North Korea, marijuana is listed as a controlled substance on par with much stronger drugs like heroin and cocaine. In Singapore, being in possession of marijuana is an even graver offense. The maximum penalty for being caught with marijuana is death.

Dennis Rodman seems enthusiastic about PotCoin, so it would under any other circumstances probably be a good match for a publicity campaign. Why PotCoin would choose to sponsor his trips to two countries where the substance is subject to such severe penalties, however, is uncertain. It definitely got the media talking about them, so if that was the aim then mission accomplished.

What is PotCoin exactly?

PotCoin calls itself a ‘network and banking solution’ for the legal cannabis industry around the world. As with other cryptocurrency platforms, PotCoin allows for cheaper, faster, and safer financial transactions for people trading in cannabis and cannabis-related products.

It is by no means a high-value cryptocurrency token, with one PotCoin being worth around $0.07. Their market cap is $17 million, compared to Bitcoin’s market cap of $115 billion. It is not the only one of its kind, however. In addition to PotCoin, there is also CannabisCoin, DopeCoin, and MarijuanaCoin. None of these cryptocurrencies have a significant market cap, however.

Whether or not PotCoin’s sponsorship of Dennis Rodman will aid his contribution to the peace talks between the United States and North Korea remains to be seen. The cryptocurrency team, however, are optimistic about the endeavor: “We at PotCoin definitely believe that Dennis Rodman deserves the Nobel Peace Prize.”

Fidelity Discreetly Creating its Own Crypto Exchange Platform

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One of the largest financial investment firms in the world, Fidelity Investments, is reported to be quietly positioning itself to take advantage of the lucrative cryptocurrency industry by creating its own exchange platform. As noted by CCN, the company is in first stages of launching the platform as an internal job positing circular leaked online this week.

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This MA based firm is rumored to be scouting for a DevOps System Engineer who will work for the company full time. His/her main role will be to come up with a digital asset exchange for both public and private cloud. Once the exchange is ready, the engineer will oversee the deployment process to ensure that it is done properly.

Another anonymous source that has been actively posting online about this company’s intention to start a cryptocurrency exchange platform has stated that the investment firm is valuated to be worth more than 2.4 trillion in assets that it manages. The source has also revealed that the firm has been debating on whether to launch the exchange platform for more than year now. The leaked recruitment circular is enough proof that the management board has finally agreed to set up the exchange.

Fidelity is also looking for professional staff who have the skills and experience required to help it provide stellar first class custodian services for various digital currencies such as Bitcoin and Ethereum. Experts who will be hired for this position will be deployed in the Fidelity Digital Asset Service department whose main role will be to directly deal and monitor the provision of all services related to cryptocurrencies.

At the time of writing this article, the investment firm clients can link their existing Coinbase accounts with the Fidelity accounts to view all their digital assets on the Fidelity beta platform. The assets are listed alongside all the other investments that a client has accrued in the company over the years. One of the benefits of this collaboration is that it gives Fidelity the ability to hold cryptocurrencies first-hand or directly.

It is also not clear if the exchange platform will be an independent entity but under the company’s umbrella or if will be hosted on the primary Fidelity platform. Only time will tell if the platform will be separate or part of the company.

It will be remembered that it is during the tenure of Abigail Johnson as the CEO that the firm started to take a positive attitude towards cryptocurrencies. In the just concluded cryptocurrency industry conference, Abigail openly stated that he is proud to be one of the experts from the renowned financial institutions who have not yet given up of cryptocurrencies.

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Fidelity Investment Firm is also reported to have invested in several companies that are directly dealing with cryptocurrencies as well as set up a medium cryptocurrency mining facility. Johnson is on record stating that even though the primary objective of setting up the mining facility was to research, the facility is actually making profits for the firm.

Finally, ones the exchange platform is launched and fully functional, the company’s charity department will be able to get contributions from donors in form of bitcoin and other digital currencies.

Crypto Comics

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You know a phenomenon has become truly embedded in our society when it makes an appearance in pop culture. The first comic book series dealing with cryptocurrency has now been launched, so fans of both manga comic books and cryptocurrency can rejoice. Shonen Crypto, which is the title of the comic book series, has just released its first issue, and aims to both entertain readers, as well as educate them about the wonders of cryptocurrency.

crypto comics

The first comic book to focus exclusively on cryptocurrency

In an interview with the editor-in-chief Taro says he has never heard or been told of another comic book series that deals exclusively with cryptocurrency. The comic is currently only available online in a digital format, but there are plans to expand the reach by a lot. Taro wants to publish physical copies of the comic, as well as produce music and accompanying videos to complement the comic book format.

Taro’s team has already grown from a modest group of ten employees to twice the size. The people working for him fill various roles. Naturally, there are artists and writers to create the actual comic series itself. But he has now also enlisted musicians to compose the music, and researchers to discover new cryptocurrency tokens they can work with.

Education and entertainment

One of the rationales behind the comic book series is to educate the masses about the world of cryptocurrency. Taro mentions the numerous scam artists in the cryptocurrency world as a reason for the educational aspect of the comic book series. He understands that many people are sceptical about investing their own time and money in cryptocurrency. The comic book series will try to clear up some of the misconceptions people might have about cryptocurrency.

Taro is of the opinion that whilst there are a lot of articles on cryptocurrency being written on a daily basis, a comic book series might reach a different audience. According to the creator, many people simply find the language being used to explain cryptocurrency too complex, and a comic book might be able to explain the concepts better than technical jargon.

What can you expect from Shonen Crypto?

The first volume in the Shonen Crypto series is divided into six separate parts. Part one, called “Crypto Heroes”, sees the main character of Bitcoin Senpai leading the others characters into a stand-off with the evil fiat money. The villains Bitcoin Senpai and his team has to fight off are the US Dollar, the Japanese Yen, and the European Euro.

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The second part is a bit more educational than the first one, and introduces the reader to Crypto-kun. Crypto-kun explains what is currently going on i the world of Bitcoin, and educates the reader about various scam artists and technical glitches. The third part of the comic book goes into investment advice and explains how nodes work in relation to the blockchain.

Parts four, five and six further elaborate on the intricacies of the cryptocurrency universe, and does so in very captivating manner. Be sure to check it out online!

Cryptocurrency Could Be The Next Step In Evolution

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The International Monetary Fund (IMF) has made some more interesting observations about the phenomenon that is cryptocurrency. Earlier this year, the Managing Director of IMF talked about how the introduction of cryptocurrency could very well be the catalyst for the complete overhaul of the world economy. Although we are yet quite far away from the abolition of government-issued fiat money, all the signs of a revolution within the financial space are there. Now the man behind IMF’s Strategy, Policy, and Review Department has written an article putting the emergency of digital currency into an evolutionary perspective.

Blockchain as a general-purpose technology

Martin Mühleisen from IMF writes that digital platforms, such as those underpinned by blockchain technology, are classified as a general-purpose technology. According to him, only three other kinds of technology in human history have the same capabilities, and these are the steam engine, the electricity generator, and the printing press. What makes general-purpose technology so important is that it continually transforms itself and affects all industry sectors — often creating completely new ones.

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The only issue with these kind of transformative technologies is that human culture is often very slow to catch up. Mühleisen notes that it is not only important to adopt a new technology, but also for society to adapt to it. Without adapting to new technology, we cannot fully benefit from it. As an example, Mühleisen shows how James Watt invented a functional steam engine in 1774, but no actual steam locomotive ran until 1812. That is many years worth of wasted potential.

Cryptocurrency will change the financial industry

While Mühleisen notes the dangers associated with cryptocurrency, such as the ability for criminals to use them for money-laundering and drug trade, he also acknowledges the potential benefits of the blockchain technology. Among these are faster, cheaper, and more secure financial transactions. Mühleisen also mentions how government regulations are a bit behind the evolution of the technology, and are only now being put into motion. This is another example of adopting a new technology, but not necessarily adapting to it fast enough.

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Mühleisen also mentions some of the new technologies on the horizon. Quantum computing will allow for calculations at a speed and on a scale that is unprecedented. As quantum computing becomes more mainstream, it will completely change industries relying on processing power. One of these industries will be cryptocurrency mining, and the blockchain space will undoubtedly see lots of changes as a result of the introduction of quantum computing.

Disruptions are on the horizon

While technological advancement is generally seen as a good thing for humanity in the long term, there are short term issues that need to be dealt with in the present. New technology like blockchain is very disruptive, and can create a lot of chaos and confusion. Mühleisen warns that jobs will disappear, and it is a good idea to start thinking about which new jobs will be created, and what qualifications will be needed. Therefore, he advises both public and private institutions alike to start considering which policies they will put in place to prepare for the digital revolution.

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