technology
Quantum computing to run economic models on crypto adoption
By many accounts, quantum computing (QC), which uses atomic “spin” instead of an electrical charge to represent its binary 1’s and 0’s, is evolving at an exponential rate. If QC is ever realized at scale, it could be a boon for human society, helping to improve crop yields, design better medicines and engineer safer airplanes, among other benefits. The crypto sector could profit too. Just last week, for instance, a Bank of Canada-commissioned project simulated cryptocurrency adoption among Canadian financial organizations using quantum computing. “We wanted to test the power of quantum computing on a research case that is hard to solve using classical computing techniques,” said Maryam Haghighi, director of data science at the Bank of Canada, in a press release. But, othe...
Google to Shut Down Call Recording Apps on Android, According to New Policies
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Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi
Arthur Breitman, the co-founder of layer-1 protocol Tezos (XTZ), spoke with Cointelegraph’s Jackson DuMont at the Paris Blockchain Week Summit (PBWS) last week about what it would take to unlock the true potential of decentralized finance, or DeFi. Breitman delivered a keynote speech following this interview about the company’s strategy. Related: Paris Blockchain Week, April 14: Latest updates from the Cointelegraph team on the ground According to Breitman, “people haven’t really tapped into DeFi for real-world assets being tokenized.” When he says real-world assets, he means stocks, real estate, digital art or “anything you can think of.” While calling for a merge of traditional financial securitization and DeFi applications, Breitman also be...
As labor struggle takes center stage, can DAOs democratize work?
Web3 has given rise to a number of innovative business models. In particular, decentralized autonomous organizations (DAOs) have started gaining traction as Web3 as the creator economy comes to fruition. Natalie Salemink, CEO and founder of Prismatic — a tooling and treasury management platform for DAOs — told Cointelegraph that DAOs are internet-native organizations that utilize smart contracts to facilitate coordination and governance in pursuit of a common goal. When it comes to traditional businesses, though, one of the most interesting aspects a DAO structure can provide is leadership based on computer-generated code rather than individual authority. The idea of operating a business without any central governance has become especially intriguing to brick and mortar compani...
Why the Edge and AI Make a Good Partnership in Smarter Computing
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Google to Open Tech Hub in Kenya
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Netflix Introduces Cheaper Ad-Supported Plan After a Decline in Subscribers
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Nedbank Introduces New Nedbank American Express Platinum Card in SA
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Absa Drops Excess Fees for Flood-Hit Customers in KZN
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Nokia Kenya Dodges a $260,000 Fine in Service Centre Contract Feud
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SA University to Start Issuing Certificates with Blockchain Security Features
Image sourced from Pixabay The University of Johannesburg (UJ) reportedly plans to start issuing degrees and certificates with blockchain security features to avoid fraud. According to Broad Media, the certificates will help stop counterfeiting and avoid the fraudulent representation of qualifications. UJ is one of the first universities to start offering digital certificates to its students to make it easier for them to recover lost certificates and share them with third parties such as potential employers. The South African university will start including blockchain security features on its digital certificates in 2022, according to reports. “The new blockchain-based certificate features will enhance the security of certificates even more. Certificates issued from this year on will have ...
Ransomware: The Threat that Lies in Wait
There can be no doubt that ransomware attacks are on the rise across the globe. A simple online search will reveal thousands of statistics in this regard, and South Africa is no exception. What is also clear from numerous examples of successful breaches, is the potentially devastating effect of a ransomware attack, which can cripple a business and shut down essential services for extended periods, not to mention cost a fortune to recover from. They are, in fact, legitimate business disasters, and need to be considered as such when it comes to disaster recovery and business continuity planning. Under Siege There is no shortage of high-profile examples of ransomware attacks in South Africa over the past two years, from Johannesburg City Power to the Life Healthcare hospital group, Transnet P...
