With more than 30 years of experience in the telecom industry, content delivery networks, and cloud services, Braham Singh is a seasoned executive leader, bestselling author, and global thought leader.

The current CEO of BDx Data Centers, Dinis highlighted Braham Singh’s multicultural and international exposure. After being asked by Dinis, Braham elaborated that during his early years in India, he found his foothold in programming. He, then, moved to Hong Kong, Singapore, and the US. He was delighted to share BDx’s recent presence in Indonesia, where the company had established six data centres across the country.

And when the discussion steered to his arc of achievements and projects, the discussion turned into a masterclass in leadership. Braham dispensed some of the principles that are salient for everyone:

“Timing is everything. You need to find the right people and at the right time.” He explained that decisions and choices shape the future trajectory of a person. “I think everyone should be fired at least once. It brings a level of humility and invigorates you. It makes you almost a new person.”, added another point to this lesson.

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Balancing the multifaceted personality

Dinis was interested to know about Braham’s journey through various stages of his life. Commenting about his writer’s side, Braham told Dinis that he always found programming and writing follow parallel behaviour in terms of their structure and style.

“There has to be fanatical attention to detail while having the ability to look at a broader picture. The details of a plot are unforgivable. If the readers catch a mistake, they lose respect for you and the book.”, he emphasised.

The same thing, he said, translates to selling a product. He gives credit for his ability to close a deal properly to writing. “Writing has got huge dividends, and I would urge everyone to write. The ability to speak, convey ideas, and convey them on a paper is far more important than your degree. This is what I’ve learned in 30 years of my professional life,” he said.

Speaking about his idea of leadership, he says that every participant in a team is the driver of success. Hence, metaphorically explaining the importance of every member, he emphasised that it is the synergy that drives a project to success.

“We can’t divorce from any of these roles”, he concludes, highlighting that all these facets of personality go hand in hand and that one needs to make a choice to strike a balance between them.

Data centres in the metaverse and Web 3.0 era

The conversation, then, took a futuristic turn to discuss the state of data centres in the metaverse and Web 3.0. Both the experts agreed that the metaverse is a paradigm shift from URLs.

“When a technology explodes, you can’t control it. Internet…. Could anyone control it? But by and large, technology like the internet, nobody could control it. For a long time, before the internet became a video playground, almost 60% of the internet was pornography. Could anyone control it? If someone is thinking that the metaverse can be controlled, you’re kidding yourself. All you can do is scale, get yourself ready to scale with it,” Braham said.

Speaking about the problem that arises with the mushrooming of metaverses and the Web 3.0 space, he added:

“Where are we going to build? You are going to need a heck lot of data centres, far beyond what we are doing. It is not possible with the current technologies that govern power generation. It all burns down to power- powering those data centres is going to become so critical when the metaverse kicks in. You don’t have the power today, it’s just not there.”

Dinis, then, highlighted the ESG concerns like climate change and unsustainable power consumption. Speaking about carbon trading, Braham replied:

“We need to bring some credibility back into the carbon trade. The people who are connected through blockchain are working on it. We can’t do much about it until the human element is addressed.” 

Taking a reference from their modus operandi to address problems, he added that all the pain points need to be digitalised to find a sustainable solution.

As the interview drew to a conclusion, both Dinis and Braham had so many lessons to take home and learn from each other.

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4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)

Dinis Guarda citiesabc openbusinesscouncil Series is also available as podcast on:

Apple Podcasts: https://podcasts.apple.com/us/podcast/dinis-guarda-citiesabc-openbusinesscouncil-series/id1510330391

On Spotify: https://open.spotify.com/show/1vA8KaDaRpJ0mAfpNbfTSF?si=H_WngL4RSOyu1W7VAmM41w&dl_branch=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMDMyMzg4LnJzcw==

Amazon Music: https://music.amazon.com/podcasts/953a5156-823c-4e86-baeb-4fda1128e44c/DINIS-GUARDA-CITIESABC-OPENBUSINESSCOUNCIL-SERIES

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Metaverse, Data & Web 3.0: Braham Singh, CEO of BDx Data Centers & Author At Dinis Guarda YouTube Podcast appeared first on OpenBusinessCouncil Directory.

An ardent reader, renowned author, and globally accomplished influencer, Dinis Guarda brings fresh perspectives to light through his latest series, Booksabc, where he reviews the books that have the potential to shift the paradigms of our society.

“Books are really one of the most important parameters that reflect humanity and bring out the best in it. It is through books that you create narratives and visions. Books improve and optimize our performance, our businesses, our ideas, and our way of thinking. I always see books as an augmented reality of the way we look at perception and the way we can improve everything that we are about. It is a great way of focussing on ideas and topics for improving and learning,” he said.

More Episodes

BooksABC, The New Youtube Series By Author And Entrepreneur, founder of citiesabc.com openbusinesscouncil.org Dinis Guarda, Kicks Off With “The Metaverse Handbook” Review

After launching this series with QuHarrison Terry’s ‘The Metaverse Handbook’, he brings ‘Step Into The Metaverse’ by Mark van Rijmenam, a digital speaker, influencer, and author who is widely known in the technology world for his knowledge, insights, and strategies for businesses and future tech. The book focuses on the idea: how the immersive internet will unlock a trillion-dollar social economy. The Foreword is written by Jamie Burke, and is published by Wiley.

According to Dinis: “I think it is a powerful book, because it goes 3600 into the metaverse, and how the metaverse can create new narratives around our society.”

Mark Rijimenam’s vision of the metaverse on ‘Step Into The Metaverse’

‘Step Into The Metaverse’ creates a benchmark for key concepts like open metaverse, hybrid web, open economic system, and the immersive future. The book argues invariably about the paradigms of AR, VR, and XR, the concepts of interoperability, community-driven platforms of sovereignty, and the specialty of computer sciences.

Sharing the views of John Gaeta, creator, innovator, and executive, on the book, Dinis read out: “In ‘Step Into The Metaverse’, Mark van Rijmenam takes a comprehensive view of the converging forces that will fuse and someday become a future paradigm for human growth, prosperity, and existence.”

Dinis also read out the preface of the book, where Mark Rijimenam shares his vision and writes:

“I hope you will enjoy this journey as much as I did while uncovering this magical world where we are only bound by our own creativity. In this book, we will share my vision for the metaverse, what it can become, and how it will change our identity as well as how we play, socialise, shop, and work. If we manage to develop an open metaverse, the trillions of dollars generated will be shared with all creators and creatives.

But beware, there are dangers lurking on the road ahead that we need to think carefully about how to avoid the same mistakes as we did while building Web 2.0 or the social internet. I realise that every chapter of this book can be an entire book by itself as there is so much happening when it comes to the metaverse, and the world is constantly changing. However, I tried to keep it brief while covering as much as possible.”

Dinis highlighted the key points that make the book stand out in its category. Explaining the importance of topics like unbound creativity of creators, exponential enterprise connectivity, the creator economy, digitalisation of the metaverse, the future of the metaverse, and immersive experiences, Dinis said:

“I think it’s better to look at these topics, especially to understand better; of course, the future is what we write about, but it’s really important that we understand these things to leverage our lives.” 

About Dinis Guarda

Dinis Guarda is a serial entrepreneur, influencer, investor, futurist, and global thought leader in 4IR, AI, Fintech, digital transformation, and Blockchain.

With decades of experience in international business, and holding executive-level positions within digital transformation, Dinis has expertise in new tech, cryptocurrencies, regulation, compliance, and global legal processes.

Dinis Guarda has earned his place as one of the top influencers to follow this year, thanks in part to his Dinis Guarda Youtube Podcast Thought Leadership series. This is a fast-growing show with more than 99,9k followers and 12,3 million views to date, having interviewed more than 200 personalities including David Hanson, Ben Goertzel and top government officials. His entire social media ecosystem reaches a global audience of more than 12 million engagements a month. Dinis is followed by almost 50,000 people on LinkedIn, as well as over 100,000 on Twitter, and 641,000 on Instagram.

Dinis has published numerous books and articles and has been interviewed for media outlets such as IrishTechNews, O’Reilly, and Forbes. As an author, Dinis is well known for his book with Rais Hussin, “4IR AI Blockchain, FinTech,  IOT – Reinventing a Nation” and “Blockchain, AI + Crypto Economics – The Next Tsunami.”

Through this podcast, together with his own book in the pipeline, “NFTs Uprising- The Citiesabc Ultimate Guide To Non-Fungible Tokens”, Dinis envisions to share the wealth of knowledge and educate the society about the concepts that have potentials to shift the existing paradigms, especially in the field of innovation, creativity, and technology.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post ‘Step Into The Metaverse’ By Mark Rijmenam Is a 3600 View In The Metaverse: Dinis Guarda On BooksABC Series appeared first on OpenBusinessCouncil Directory.

                        Which innovations are leading the way to renewable energy?

Solar energy

Solar energy is considered one of the most promising renewable energy sources. Solar panels turn sunshine into electricity, providing them with a clean and renewable energy source. Solar panels are classified into two main types: photovoltaic (PV) cells and concentrated solar power (CSP) systems. PV cells are semiconductor materials that absorb and convert sunlight into energy. CSP systems employ mirrors to focus sunlight on a central receiver, which generates heat you can use to power a turbine and generate electricity.

Wind power

Wind power is another renewable energy source that is gaining popularity. Wind turbines transform the kinetic energy generated by the wind into electricity. The two primary types of wind turbines are the horizontal axis and the vertical-axis. Horizontal-axis turbines have blades perpendicular to the ground, while vertical-axis turbines have blades parallel to the ground. Wind power is a clean and sustainable energy source that has the potential to satisfy a significant portion of the world’s energy demands.

Hydroelectricity

Hydroelectricity is a type of clean energy that generates electricity by harnessing the power of flowing water. Hydroelectric power plants use dams to store water in reservoirs. When the electricity demand is high, water is released from the reservoir and flows through turbines, which generate electricity. Hydroelectricity is a clean and sustainable energy source that can fulfil a significant portion of the world’s energy requirements.

Geothermal energy

Geothermal energy is a renewable, sustainable resource derived from the heat of the Earth. This thermal power creates electric currents via steam turbines in geothermal plants. The water for said steam usually originates from underground hot springs or rocks heated by magma close to Earth’s surface. Therefore, this type of energy is not only environmentally friendly but could also play a significant role in fulfilling future global demands.

Biomass energy

Biomass energy generates power from organic materials. Biomass power plants use biomass to generate electricity. Biomass is any organic material used as fuel, such as wood, crop residues, and animal waste. Biomass energy is a clean and renewable energy source that you can use to meet many of the world’s energy needs.

Nuclear fusion

Nuclear fusion is a form of renewable energy that uses the power of atoms to generate electricity. Nuclear fusion power plants use nuclear fusion to generate electricity. Nuclear fusion is the procedure of merging two atoms into one. It releases massive amounts of energy. Nuclear fusion is a clean and renewable source of energy that has the potential to meet a large percentage of the world’s energy needs.

Why it’s worth supporting renewable energy sources 

Reasons why it’s worthwhile to support renewable energy sources:

1. Renewable energy is clean: Renewable energy sources produce electricity with zero carbon dioxide (CO2) emissions and other pollutants. It contrasts with fossil fuels such as coal and natural gas, which release large amounts of CO2 into the atmosphere when burned. The increased levels of atmospheric CO2 are a significant contributor to climate change.
2. Renewable energy is sustainable: Fossil fuels are non-renewable resources that eventually run out. Renewable energy sources are sustainable and will never be depleted. It is an essential consideration for the future of our planet.
3. Renewable energy is efficient: Renewable energy sources are more efficient than fossil fuels. For example, PV cells have an efficiency of around 15-20%. It means that 15-20% of the sunlight that hits the PV cell is converted into electricity. The efficiency of fossil fuels is much lower. For example, the efficiency of coal is around 30%, and the efficiency of natural gas is around 40%.
4. Renewable energy is cost-effective: The cost of renewable energy has been falling rapidly in recent years. The cost of PV cells has fallen by 99% since 1977, and the cost of wind turbines has fallen by 50% since 2009. Renewable energy costs are now comparable to those of fossil fuels. In some cases, it is even cheaper.
5. Renewable energy creates jobs: The renewable energy industry is one of the fastest-growing industries in the world. It now employs over 9 million people worldwide. It is in contrast to the fossil fuel industry, which is in decline. The renewable energy industry is expected to grow in the years ahead.
6. Renewable energy is necessary for the future of our planet: Fossil fuels are a significant contributor to climate change. We need to switch to renewable energy sources to avoid catastrophic climate change. It is why supporting the growth of the renewable energy industry is so important.

These are six good reasons why it is worth supporting renewable energy sources. Renewable energy is clean, sustainable, efficient, cost-effective, and necessary for the future of our planet. What’s not to like?

Conclusion

Renewable energy is a clean and renewable energy source that you can use to meet many of the world’s energy needs. Biomass, nuclear fusion, solar power, wind power, and hydroelectric power are all forms of renewable energy. Renewable energy is sustainable, efficient, cost-effective, and creates jobs. It is also crucial for our planet’s future. We need to support the growth of the renewable energy industry if we want to avoid catastrophic climate change.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Which innovations are leading the way to renewable energy? appeared first on OpenBusinessCouncil Directory.

Organized by a leading public web data gathering solutions provider Oxylabs, OxyCon connected global web scraping experts for a two-day online event. From practical tips for engineers to high-level panel discussions, the conference speakers reviewed the most recent developments in the field.

Allen O’Neill,  CEO and CTO at The DataWorks, argued that while the web scraping industry has been developing rapidly over the years, there’s still so much potential left for the future:

“The web scraping industry hasn’t even scratched the surface with its potential yet. There will be many new unicorns in the industry in the upcoming ten years – those who will be able to harness the power of information extraction (not data extraction, but information extraction) and use that to gain insights that have never been seen before”, – said Allen.

The fast growth of the industry was illustrated by scaling being the hottest topic at OxyCon. Karsten Madsen, CEO at SEO company Morningscore, shared the story of his team moving from small data requests to having to compete with SEO industry giants. According to him, it’s not always about having the most data or the smartest data – it’s about having smarter algorithms to manage it.

Glen De Cauwsemaecker, Lead Crawler Engineer at OTA Insight had another tip for scaling data operations: “Be pragmatic and look for cost-reward balance”, – he recommended to the fast-growing data companies.

Besides the technical challenges of scaling, legal issues are also often close to the top of the list of concerns. The participants of the panel discussion “Lawyers discuss scraping” emphasized the ambiguity and many unclear areas that come with the lack of proper industry regulation. As a result, the industry itself must be proactive in safeguarding it from within and sharing best practices among each other.

In this light, Christian Dawson, Executive Director at I2Coalition made an announcement of a new web scraping industry initiative. I2Coalition, together with 5 public data aggregators – Oxylabs, Zyte, Smartproxy, Coresignal, and Sprious has launched an Ethical Web Data Collection Initiative (EWDCI). The aim of the group will be to promote the industry’s best practices and advocate for beneficial technical standards.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Public Data Collection Is Advancing, But Still Far From Its Full Potential appeared first on OpenBusinessCouncil Directory.

Through billions-worth acquisitions, Web2 tech giants assert themselves in more and more sectors, from healthcare to Internet of Things appliances, prompting concerns of pervasive user surveillance. This expansion provides for more centralized control over an increasing number of aspects of users’ daily lives, oftentimes unbeknownst to the users themselves.

Rising as an alternative to centralized platforms, Gaia-X is a pan-European cross-sector consortia group for a more open and democratic data infrastructure, bringing together more than 300 companies and organizations, including top industry names such as Bosch, Continental, and Airbus. Gaia-X’s 19-member moveID consortium is focused on innovative solutions for decentralized digital identity and decentralized data sharing – real-world mobility use cases for blockchain technology, placing it at the foundations of real-world services and processes. Secure and verifiable digital IDs are a crucial foundational feature that will enable all mobility participants – humans or machines – to identify each other, transact, and interact between themselves without mediation from centralized third parties and the associated fees and privacy concerns.

As part of the collaboration, the participating Web3 projects will take on the following roles to put decentralization and openness at the core of the digital infrastructure of the future:

• Chainstep, one of the leading deep tech companies for enterprise implementation and connection of DLT, IoT, and Machine Learning, will develop connectors to build the link between the digital and physical world. The company is developing a solution for connecting Edge IoT (V2X) devices securely to the Gaia-X cloud platform. Self-sovereign identities (SSIs) work as the basis for decentralized integration security, allowing removal of the single point of failure in relying on a centralized authorization provider.

Konstantin Graf, CEO Chainstep, says: “We need easy-to-use applications with high value in the real world and everyday life. A Web3 infrastructure is very important for Europe. I believe in ecosystems and cooperation as the only way European companies will stay competitive.”

• peaq, the Web3 network powering the Economy of Things, will conduct intense research and development within the project. peaq will further build up its layer-one blockchain in line with the co-created requirements and standards, aiming to grant Gaia-X’s moveID the perfect infrastructure for decentralized mobility applications. peaq will also provide its core functions: peaq ID – Self-Sovereign Machine Identities (SSMIs), peaq access, and peaq pay. peaq is built using Substrate and will soon be live on both Kusama as well as Polkadot. It is working on enabling collaboration and interoperability with the Ethereum and Cosmos ecosystems for other Web3 consortia collaborators in Gaia-X.

Siddharth Singhal, Director of Enterprise at Parity Technologies, says: “Web3-enabled platforms will play a crucial infrastructure role as we build the future of the IoT industry. We are proud to see Polkadot playing a crucial role serving pan-EU citizens via moveID partners and expect greater Web3 adoption in this vast industry.”

• Datarella, a Web3 company builder, will co-develop the infrastructure for decentralized digital identities and data sharing, leveraging SSI components and Autonomous Agents. To ensure a future market acceptance of applications based on moveID, Datarella also contributes its experience in Web3 mobility applications, such as MOBIX.

Michael Reuter, CEO and Founder of Datarella, says: “Europe needs a resilient, sustainable Web3 infrastructure that allows for privacy-preserving, autonomous applications serving all European citizens. The moveID partners are committed to make this possible.”

• 51nodes, a Web3 developing and integration company, brings to the project its experience with SSI architecture and implementation in the context of decentralized mobility infrastructure. In addition to the development and integration of various SSI technologies, the focus of work will be on SSI interoperability challenges.

Jochen Kaßberger, CEO/Co-Founder of 51nodes, says: “At moveID, we are working together with great partners on digital infrastructure for V2X use cases using decentralized digital technology. We are excited to be part of the integration of digital mobility in Europe.”

• Through BigchainDB, Ocean Protocol – the Web3 platform to unlock data services for AI and business innovation – is providing technical infrastructure for moveID to expedite the development of a decentralized digital identity infrastructure for European mobility. Essential components of Ocean’s decentralized data marketplace technology, Compute-to-Data, and data pricing mechanisms are being leveraged to build a system architecture that ensures a seamless exchange of information between providers and customers of mobility applications.

Bruce Pon, Ocean Protocol Founder, says: “Secure data processing is critical to the future of mobility. Via BigchainDB, Ocean is proud to support the moveID initiative with the technical elements needed for building digital identity infrastructure and help enable an inclusive Data Economy.”

• Fetch.ai is developing the infrastructure and tooling for creating Web2 and Web3 AI applications. Fetch-ai Network has a Cosmos SDK based self-sovereign blockchain ledger and the supporting tools for developing DApps on the network and also the modular Autonomous Economic Agents (AEAs) and the Digital Twin Platforms that can efficiently and securely communicate peer-to-peer and provide interconnectivity with multiple networks.

In the context of Gaia-X’s moveID, the AEAs and the Agent framework enables decentralized identities (SSI), and can run on edge devices in a decentralized microservice architecture. All the products support cross-chain interoperability which will help achieve Gaia-X’s vision to support many new multi-stakeholder mobility applications.

Humayun Sheikh, Fetch.ai Founder and CEO, says: “We are excited to support Gaia-X’s moveID project that has the potential to reshape the future of mobility. We look forward to working with other technology and industry partners who share our belief in Web3 technology’s potential to unlock innovative and new collaborative business models.”

• deltaDAO AG, a web3 software development, integration and consulting company, will co-develop decentralized data infrastructure and federation services in the context of the broader Gaia-X ecosystem. deltaDAO AG contributes its extensive knowledge regarding Gaia-X compliance, interoperability, and integration.

Frederic Schwill, deltaDAO AG Co-Founder, says: “We believe that Europe needs a more sovereign, resilient, and sustainable data infrastructure, enabling value creation and new sustainable mobility business models. We are thrilled to be joining the moveID project and build, together with our partners, towards the future of decentralized mobility.

“Web3 technologies offer a promising digital foundation for future mobility solutions,” says Peter Busch, Product Owner for Distributed Ledger Technologies (Mobility) at Bosch. “With MoveID, we are setting the foundation for a hyper connected mobility infrastructure by leveraging self-sovereign device identities and decentralized data sharing to enable hundreds of potential use cases. We are thrilled to be exploring this exciting prospect side by side with some of the leading projects in the decentralized space such as Fetch-ai Network, peaq, Ocean Protocol, Datarella, 51nodes, deltaDAO, and Chainstep.”

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Web3 Projects Join Major Enterprises in a €20m+ European Initiative for The Future of Mobility appeared first on OpenBusinessCouncil Directory.

But, who falls victim to cybercrime the most?

Intrigued, Claims.co.uk examined official ONS survey data from 33,735 people over the age of 16, to uncover the most common characteristics of fraud and computer misuse victims in the UK. With scammers on the rise, a cybersecurity expert’s tips on keeping personal details safe online were also obtained.

Individuals who fall victim to computer misuse possess these characteristics:

Contrary to popular belief that the elderly are more vulnerable to scams, online users aged between 25 to 34 years old (1.9%) are the most susceptible to cybercrime! This is 0.8% more than those between 65 to 74 years old (1.1%).

Those with higher social status are more likely to be the target of scammers, with 2.3% of victims being professionals or those at managerial levels. This is followed by students (1.8%) who tend to be avid digital users. Additionally, victims are most reported to be single (1.9%), while the widowed (0.5%) appear to be the least at risk of computer misuse.

Moreover, data also reveals that laptops (53.4%) are the most popular device targeted by cybercriminals, followed by desktop computers (31.9%) and mobile phones (7.9%).

Households who fall victim to computer misuse possess THESE characteristics:

Claims.co.uk can reveal that cyber criminals seem to target adults with no children (1.6%) the most. The wealthy are also popular targets, with 2.7% of households earning £52,000 or more falling victim to cybercrime.

Residents in the East of England are the most at risk, with 2.4% admitting to being scammed online. This is 2% more than the North East (0.4%) and 1.4% more than the West Midlands (1%).

As online scams become increasingly sophisticated, Jon Dukes, head of IT at DVAD, offered guidance on how to keep personal details safe online:

Create memorable passwords and two-factor authentication wherever possible

It is now widely accepted that using complex passwords (a mixture of standard characters, numbers, and special characters) is not as useful as using four random words. This provides better password entropy whilst making it less likely that people will write down their passwords for others to find! Adding two-factor authentication to online accounts also adds an extra layer of protection by requesting information beyond just a username and password.

Always keep your devices updated

Every electronic device (tablet, mobile phone, laptop) uses a software operating system. These operating systems regularly release software updates to help keep your device protected from viruses, and should be installed as soon as possible. This is to prevent scammers from accessing your personal information through new malware developments.

Do not open unsolicited emails

Many fraudulent transactions start with a phishing email, so avoid opening any unexpected emails – even if they look trustworthy! Links within these emails should also be ignored as they can automatically infect your device with malware. Banks, insurance companies and government bodies will not send emails asking users to confirm any of their personal information.

Install anti-virus software

All your electronic devices should have up-to-date anti-virus software installed to prevent personal information from being stolen by scammers. Anti-virus software with additional anti-spyware capabilities will also further prevent unsolicited programs from tracking your online activity, and scanning your devices for personal information such as bank details.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Internet Users Most At Risk of Cyber Crime Revealed – Over 60s NOT the Most Vulnerable appeared first on OpenBusinessCouncil Directory.

According to data presented by AugustaFreePress.com, the global cybercrime cost is expected to jump by almost 40% year-over-year and hit $11.5trn in 2023.

Cybercrime Cost to Grow by $3trn a Year

Although companies significantly increased their cybersecurity budgets, cyber attacks like data breaches, phishing, ransomware attacks, or cyber espionage still represent one of the biggest risks in the business sector. Statista figures show just how big the problem is.

Between 2016 and 2019, global cybercrime costs jumped by 90%, rising from $610bn to $1.16trn. These costs include stolen money, damage and destruction of data, lost productivity, theft of intellectual property, theft of personal or financial data, post-attack disruption to the ordinary course of business, restoration and deletion of hacked data and systems, and reputational harm.
After Covid-19 struck, the figures exploded.

With companies and organizations worldwide speeding up the digitalization of their business, the annual cybercrime cost surged by 155% YoY to $2.95trn. Last year, the annual cost of cyber-attacks doubled to nearly $6trn and continued rising.

The Statista survey showed cybercrime is expected to inflict damages totaling $8.44trn this year, a staggering 630% increase since 2019. If it were measured as a country, cybercrime would be the world’s third-largest economy, after the US and China. After reaching $11.5trn in 2023, the annual cybercrime cost is expected to hit $23.8trn by 2025, growing by an average of $3trn per year.

Companies Continue Increasing Cybersecurity Budgets, Entire Market to Hit $181B Value in 2023

Statista survey showed the rising cost of cyber attacks will continue driving the growth of the cybersecurity budgets.

In 2022, the global cybersecurity market is expected to hit nearly $160bn in revenue. As the top three markets, the United States, China and Japan will generate 80% of that value.

With $86.2bn in revenue, cybersecurity services, like data risk analysis, data masking, and vulnerability discovery, are the market’s largest and fastest-growing sector. This figure is expected to touch almost $94bn next year.

The revenues in the cyber solutions segment are forecast to grow by 18% YoY, rising from $73.5bn in 2022 to $87bn in 2023.
Statistics show the entire cybersecurity market is set to reach $181bn value in 2023 and continue growing to $298.7bn by 2025.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Global Cybercrime Cost to Jump by 40% and Hit $11.5T in 2023 appeared first on OpenBusinessCouncil Directory.

According to data presented by AugustaFreePress.com, the eCommerce industry is expected to generate $3.74trn in revenue this year, $95bn less than in 2021.

Supply Chain Issues and Inflation the Largest Weakening Factors

Not many industries have seen such impressive growth as the eCommerce sector. In just four years, global revenues spiked 70%, jumping to over $3.84trn in 2021, according to Statista Digital Market Outlook. As the two largest eCommerce revenue streams, electronics and fashion sales made nearly half of that value.
Statistics show that between 2017 and 2021, the revenues of the global eCommerce fashion industry soared by 67% to $890bn. Electronics sales, the largest single revenue stream, jumped by 46% to $920bn in this period.

The expected eCommerce revenue drop comes as the market faces global challenges in 2022. During the pandemic, many consumers have changed shopping behavior and switched to new brands in search of brand value, availability and convenience.

Traditional eCommerce technology has also reached its limitations, and many brands are seeing their eCommerce tech stacks not flexible enough to meet customer expectations. On top of that, digital advertising costs are rising. However, supply chain issues and inflation remain the biggest weakening factors.

The latest forecast from the Statista Digital Market Outlook shows these challenges triggered the first ever YoY revenue drop in the eCommerce industry. The previous forecast projected $481bn more revenue in 2022 than a year ago. However, as of July, the global eCommerce revenue projection slipped from $4.22trn to $3.74trn.

More than 4 billion People Shop Online, Global Ecommerce Penetration rate at 55%

Although there is a headwind at the moment, Statista expects revenue growth to get back on track eventually. One of the significant drivers for recovery will be the swelling eCommerce user base.

Last year, the global eCommerce market had a huge 50.4% penetration rate, with nearly 3.8 billion people who shopped online. Statistics show online shoppers are expected to grow by 315 million YoY to 4.1 billion in 2022. Also, the market`s penetration rate is set to reach 54.1% this year. According to Statista, more than 4.8 billion people will shop online by 2025.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Global Ecommerce Revenue to Drop by $95B in 2022, the First Decrease in Market`s History appeared first on OpenBusinessCouncil Directory.

Taaha Nizam, a young entrepreneur, engineer, and technologist, is the Founder and CEO of HashCase, a platform that creates, launches, and distributes digital assets to a non-web 3.0 audience.

Inspired by Taaha’s achievements at a young age, Dinis asked him to reveal the journey that led him to establish HashCase. Taaha told him that his parents were law attorneys, and had their own law firm. This gave him the confidence to venture into the world of technology right after his graduation in Engineering from a prestigious college in India.

He told Dinis that he, along with a group of friends, created a community of people who would engage, interact, and collaborate to create NFT collections during its early days, in 2017. Recounting his days at one of the largest blockchain firms in Hong Kong, Taaha learned about the limitations of Ethereum blockchain, and the advantages that platforms like Polygon offered. As his interest grew in technology, and he started building his network, he got all the help along his course to laying the foundations of the present-day HashCase.

“That was my first area in Web 3.0, on the NFT side of things. Then as we’ve been building our network, we created an incubator for many NFTS.”, said Taaha. Today, he is the creator of 40 NFT collections.

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Creating a novel custodial wallet solution

Finding an edge at the emerging frontier of blockchain and NFT technology, Taaha founded HashCase in 2021 to allow users to access their NFTs without ever having to create a Web 3.0 account.

During the interview, Dinis wanted to scrape the surface, and unearth the layers that created this unique platform.

“From the beginning, we started to understand that NFTs make sense if there is some utility associated with them. But, there is still one problem that is not solved: its distribution. So, your average consumer who might want to use an NFT does not have the means of accessing the NFT without having access and onboarding on the whole Web 3.0. that according to me is a design flaw. Because web 3.0 is simply a protocol, and the concepts like play-to-earn, tokens, metaverse, and NFTs are concepts that have always existed. But their existence does not guarantee the entry of users to Web 3.0. So, there was clearly something to be done for the consumers who want to engage with NFTs but do not want to jump to all the dimensions of Web 3.0 just yet.”, said Taaha, explaining the need to create HashCase.

Dinis was interested to know how HashCase is progressing towards creating solutions for the metaverse. Taaha told him that while the metaverse is an inevitable reality of our times, improvements in terms of bandwidth and technology are making it more real with time. Explaining the role of NFTs in this space, Taaha said:

“At the end of the day, you need assets to store and hold that need to be light-weight, can confirm to certain standards, and that is platform(s)-compatible. NFT could be that one common standard that is applicable across places, and that is easy to shift around. It unlocks all the experiences the moment you enter a metaverse, but it need not be necessarily present in Web 3.0. To make sure we are able to withhold such proof of ownership and authenticity, HashCase offers custodial wallet solutions”.

Tech Ecosystem in the Indian Economy

Sharing facts with statistical data, Dinis was interested to know the status of tech ecosystems being built in Indian as well as global economies.

“Fortunately, the builders are in a much better situation than the speculators and the investors. while people need to understand these novel concepts like blockchain, metaverse and Web 3.0, the regulators also need to grasp these to be able to lay down the framework. This all is going to take a little bit of time and education. Influencers and leaders have taking the forefront to give it a direction. The overall enthusiasm and response to understanding the fundamentals and their application has been encouraging.”, he concluded.

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4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)

Dinis Guarda citiesabc openbusinesscouncil Series is also available as podcast on:

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Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post CEO Of HashCase, Taaha Nizam, Speaks With Dinis Guarda On The Need To Bridge Web 2.0 and Web 3.0 Experiences appeared first on OpenBusinessCouncil Directory.

Through the Pre-Accelerator, DV has created a more accessible runway to unlock seed funding, a key barrier reported by entrepreneurs from historically underrepresented communities. Since its launch, it has attracted more than 300 applications from a broad range of applicant backgrounds, with nearly 50% of applicants identified as women, 50% as Black/African/Caribbean, 17% as Latinx, 16% as having Asian heritage and 11% as LGBTQIA+. In year one, DV backed 10 drinks brands in the United Kingdom, United States and The Netherlands, and their 19 founders, alongside Diageo, including:

VERVET, a sustainable brand of California Sparkling Cocktails that reflect the diverse cultures and food scenes of Los Angeles. Helmed by CEO Tuan Lee, Chief Product Officer Hope Ewing, and Chief Counsel Alex Rosenblum, VERVET aims to build a brand which embodies diversity as a foundational and creative principle.

Atōst, the American Apéritif, is a majority woman & Latina-owned brand based in Golden, Colorado. Led by CMO Cindy Pressman & CEO Kyle Pressman, the duo owns and operates a winery which is home to the entire production process – from fermentation of their base white wine, to in-house extractions utilizing locally sourced & inspired fruits, herbs & botanicals.

Vascano Tequila, a brand born in 2020 during the COVID-19 pandemic and the racial turmoil that followed that summer. Created by four founders, Vernon Leftwich, Adanna Mbanugo, Samantha Johnson, and Christian Harper, their collective goal was to create a multifunctional spirit representing their intersectional identities of being Black, female and LGBTQIA+.

Kromanti, a spiced Caribbean rum founded in 2020 by a father/daughter duo who descended from a group of enslaved Africans known as Kromantis. Cashain David and Danielle David of The Kromanti Distillery & Blending House have created a signature rum infused with the sweet and sour notes of the Tamarind fruit, along with cinnamon and nutmeg.

Lot42, a premium ready-to-drink range that aims to elevate and expand the pre-made cocktail occasion. Created by co-founders, life partners and drinks veterans Chris MacDonald and Dale Milliken, Lot42 is focused on fostering positive, open-minded experiences that encourage consumers to be their best selves, free of judgment.

With a broader and more global focus, DV will target a wider range of founders and geographies in year two, with added emphasis on recruiting more women and LGBTQIA+ entrepreneurs into the Pre-Accelerator and its wider portfolio.

During the year, DV has strengthened the Pre-Accelerator team, appointing Kamuti Kiteme as Managing Director, Inclusive Investments, and Kamilah Mahon as Inclusion & Diversity Programme Manager. Kamuti has over 25 years’ experience building early-stage ventures and leading Diversity, Equity and Inclusion initiatives. Kamuti and Kamilah will work alongside Ara Carvallo, Portfolio & I&D Director, who will continue to lead the Pre-Accelerator outside North America.

Frank Lampen, CEO, Distill Ventures, said: “We’re incredibly proud of the work we’ve done over the past year, identifying and partnering with highly impressive entrepreneurs from underrepresented communities, but we recognize that this is just the beginning. Our focus has been, and will continue to be, helping founders unlock seed funding, and we look forward to working together to achieve further growth.”

Eugene Khabensky, Vice President Global Ventures, Diageo, commented: “In order to grow a more diverse drinks industry, it is vital that all entrepreneurs have access to the same opportunities. This Pre-Accelerator programme supports our commitments to championing inclusion and diversity in everything that we do and we’re proud to be working with Distill Ventures to expand the programme to identify more innovative drinks brands of the future.”
 
Kamuti Kiteme, Managing Director, Inclusive Investment Programmes, Distill Ventures, added: “The Pre-Accelerator remains distinct in its approach; we’ve taken our proven support model for founders in drinks and extended it to early-stage companies to offer hands-on guidance, along with funding at all stages of growth. Paramount to the DV model is its commitment to letting founders lead, and the Pre-Accelerator was designed to maintain flexibility along each founder’s journey without tying them into longer-term equity agreements. What we create today will help us achieve the ambitious goals we aspire to achieve tomorrow.”

The Pre-Accelerator offers an initial investment of up to £350,000/$500,000 and six to twelve months of bespoke acceleration support to prospective founders. Afterwards, the company can seek further investment from Distill Ventures and Diageo, or from other capital sources or strategic partners without restriction. Applications to join the Pre-Accelerator are open from now to September 30 for prospective founders in the United States, and from now until December 1 for founders globally. The 2023 programme is slated to begin in February and March, respectively.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post DV: Pre-Accelerator 1 Year On appeared first on OpenBusinessCouncil Directory.