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Showing posts from April, 2019

PM Narendra Modi Promises To Introduce MSMEs With Blockchain In Next 5 Years

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Prime Minister Narendra Modi is one of those few world leaders who are known for a tryst with technology. No matter which technology it is, if it can help in improving any cumbersome procedures he embraces it without worrying too much about it. Blockchain is also one of those technologies.  He has been speaking in the favor of blockchain tech since last 14 months at least. The first time when he spoke about blockchain was  back in February last year , and since then he has spoken in favor of this emerging technology at least 5 times. And today when he was addressing the National Traders’ Convention he spoke about it for the sixth time.That’s right.  While addressing the convention as part of his hectic election schedule he said that in next five years his government will work on strengthening the MSME sector of India with help of various technologies. He said: “In next 5 years we’ll introduce this sector with technologies like Artificial intelligence, Robotics, Internet of Thing

EU Commission Advances Work On AI Ethical Guidelines

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The EU Commission is advancing work on the establishment of AI ethical guidelines to ensure they can be put into practice. A group of industry experts were appointed in 2016 to establish guidelines which ensure that AI is developed sensibly.  There are seven key pillars to the EU’s ethical AI strategy: Human agency and oversight Robustness and safety Privacy and data governance Transparency Diversity, non-discrimination, and fairness Societal and environmental well-being Accountability The EU wants to promote its guidelines on the global stage. It plans on strengthening cooperation with ‘like-minded’ partners such as Japan, Canada, and Singapore, while engaging in dialogue with the G7 and G20. Mariya Gabriel, EU Commissioner for Digital Economy and Society, added: “Today, we are taking an important step towards ethical and secure AI in the EU. We now have a solid foundation based on EU values and following an extensive and constructive engagement from many s

Irans Crypto Regulations Whats Happening Behind Closed Doors

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Under pressure for being months behind schedule, the Central Bank of Iran finally published a draft framework on the legality of cryptocurrencies in late January and welcomed feedback. While some see the totality of the framework as a step forward, most members of the burgeoning local crypto community are unhappy with much of the specifics. They feel that the framework could severely restrict people and businesses operating in the fast-growing field if it is implemented in its current form. Among other things, the framework  proposes banning  the use of global cryptocurrencies and various tokens as methods of domestic payment; requires cryptocurrency exchanges to obtain permits, therefore opening a new avenue for rent-seeking in a country that has already too much of it; and uses the word “forbidden” a lot, which could entail the threat of criminal prosecution. So, the local community quickly  started working  on ways to improve it. On March 9, more than three dozen members