The Metaverse is a real-time alternate reality that holds a promise to bind together all the versions of the virtual worlds where users can: 

• socialise with friends and meet with work colleagues.

• travel around the world using VR and AR technologies.

• create and share content. 

• and of course, shop for clothes, bags, shoes, and accessories to enhance the appearance of your digital avatars.

The Metaverse offers a unique opportunity for the fashion industry, especially as an innovator driver for designers, brands and consumers. From new ways to create clothes, new virtual spaces to buy/sell, to creating an engagement between brands and consumers never seen before. All of it under a more democratic, transparent and sustainable metaversive universe.

Designer Anifa Mvuemba, of the curve-inclusive brand Hanifa, presented a collection of 3D rendered clothes in 2020.

So, while designers can create customised products based on the specific demands of their customers, these customers can also select from the limitless designs, fabrics, and prints with the help of their digital identities or avatars based on their needs and comfort, creating a more personal interaction between designer, brand and customer

Consumers are at the centre of this metaverse experience

In this regard, consumers are at the center of this Metaversive experience. 

NFT profile pictures (PFPs) have recently become a big thing.   Somewhere between a unique SSI and a personal brand, they are a bit like a digital seal, used to represent the authenticity of their owner.  

An increasing number of celebrities and other famous personalities are using them on channels such as Opensea, Discord, Twitter, and Instagram to authenticate their communications. 

PFPs can be any unique visual representation.  As such, they are not without the cachette of ownership or the value of style and brand.  A PFP may be a portrait, actual, realistic, or fictional; it may be a stylisation; alternatively, it may be a famous NFT.  It simply needs to be used by an owner as their moniker.  

Metaverse also allows the creation of digital assets in the form of Non-Fungible Tokens or NFTs, like we mentioned before. Examples include Sydney-based start-up, Neuno, which has partnered with some of Asia’s biggest games and major luxury fashion houses for their NFT launch. 

This NFT/blockchain-based system makes transactions easier. It makes the payment and exchange of these digital assets transparent while increasing the profit margins for designers and businesses.

NFTs in the metaverse is a perfect fit for fashion and retail as it provides certification and uniqueness to creators. It also helps in establishing the true value and digital ownership of the product.

A myriad of business opportunities

The Metaverse is the virtual representation of a real-life land. This means real estate opportunities too.

These spaces could be rented out for organising events, like the fashion show that took place in Second Life and Decentraland.

Major fashion brands that appeared at the Metaverse Fashion Week in Decentraland include Dolce & Gabbana, Tommy Hilfiger, Elie Saab, Nicholas Kirkwood, Perry Ellis, Imitation of Christ, and Estée Lauder. 

Real estate in the metaverse could also be utilised for establishing virtual stores to provide a range of experiences for the customers and, even, workplaces.

Companies such as the global systems integrator DXC Technology have re-invented their workspaces, creating their own virtual worlds where customers, staff, suppliers and all other stakeholders can interact.  

DXC is at the forefront of this movement.  They recently hosted their annual sales conference – with 1000 staff, together with customers and motivational speakers – in DXC Virtual World, one of the most advanced business Metaverse environments. The campus is set on an island and contains exposition halls, auditoriums, classrooms, meeting spaces, and even a soccer field, theatre, music venue and a beach.

Participants moved around, visited project stalls, seminars, and keynote speeches, and interacted socially, much as they would in real life, all without leaving home.

Sustainable fashion? The metaverse could make it possible

And the possibilities are huge, the Metaverse can make the fashion industry more accessible, transparent and, more importantly, sustainable. 

According to the UN Alliance for Sustainable Fashion, the fashion industry alone is reported to consume around 215 trillion litres of water per year, while emitting approximately 2-8% of the world’s greenhouse gases. Adding to the concerns, textiles account for an annual discharge of 9% microplastic to the oceans. 

Besides impacting our environment, the global economy has also suffered approximately US$100 billion in capital loss due to the underutilisation of raw materials.

Therefore, when the metaverse facilitates the alterations in our shopping and manufacturing processes with its unique solutions, it is in a way introducing us to a remarkable cultural shift that is more sustainable. Reduced carbon emissions, better shopping experiences, and many other unimagined options: the metaverse presents multi-dimensional benefits that we haven’t even dreamt of yet.

For centuries, fashion has been a language, a social and cultural expression, that has driven humankind towards what is new and what could invigorate our society. It has always defined the way we lived, guarding the forefront of societal changes.  

With Metaverse, the industry finds endless possibilities, opening new business opportunities, economic growth and blurring all the boundaries that have been limiting the expansion of the fashion industry. 

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

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 The Metaverse Revolution in the Fashion Industry appeared first on OpenBusinessCouncil Directory.

European Business and Technology Centre, a project advisory and facilitation organisation, recently organised an invite-only talk about the emerging technologies in the Europe-India Business Corridor. Led by Dinis Guarda, author, influencer, thought leader, a serial entrepreneur in emerging technologies, and Founder and CEO of ztudium, thought leaders from the corridor discussed the possibilities, key trends, potentials, applications and policy action that would boost these technologies in the corridor.

The event was an invite-only talk organised to harness the potentials that lie within emerging areas such as the 4th Industrial Revolution (4IR), Artificial Intelligence (AI), Fintech, digital transformation, and blockchain.

As Web 3.0 and Metaverse make swift ingression in the global industrial scenario, the event ensures its efficient catalysis by raising awareness amongst all the stakeholders. Amongst many challenges and issues discussed, personal data protection was the key highlight.

European Business and Technology Centre: Building a robust and sustainable business relationship

EBTC facilitates smart collaborations that are focused on sustainable solutions, based on the expertise and strong network of the two regions. Harnessing the academic strength and capital in Europe and the entrepreneurial spirit and large market in India, the corridor creates a strong bond of trust between the complementary partners.

“EBTC assesses the local demands, ground zero work in action, and curates projects and clusters for private and public sectors. Within this ecosystem that is made by our partners and stakeholders, we play a complementary role of bridging the ends together with our solutions. This dialogue is our way to bring technology and policy experts together and create a knowledge pool from where new dimensions off-shoot into the mainstream.”, said Mr. Poul V. Jenson, Managing Director of EBTC.

By organising programmes, projects, and clusters, EBTC builds actionable intelligence to provide innovative solutions that promise a greener and carbon-neutral future for the corridor.

Society 5.0, Metaverse, 4IR tech

Our new technologically enabled society will be called Society 5.0. It represents a significant shift to a just and sustainable society, achieved by a high degree of convergence between cyberspace and physical space. And the Metaverse is the perfect place to make it happen.

Immersion in the Metaverse will significantly extend the span of our conscious existence, limited only by our imagination.  Our real-world presence can be enhanced, enriched, facilitated and augmented with a virtual overlay that allows us to explore beyond our physical and social boundaries.

Digital twinning and mapping of real and virtual objects, entities, and people will enable us to do so. Soon, our avatars will be able to move through and interact with the physical and virtual worlds concurrently interchangeably in real time.  We can, for example, travel and visit present and remote physical and virtual buildings, homes, workspaces, places of worship and cultural centres.

The fundamental differences between the virtual and the physical worlds present plenty of opportunities for contrasting and complementary forms of engagement.  The Metaverse might foster large numbers of direct participation and interaction with peer-to-peer experiences that offer jobs, volunteering opportunities, financial empowerment, lending, and trading with time.

Case study: ztudium, the maker of industry 4IR tech to ensure smart cities

ztudium is a global leading maker of industry Fourth Industrial Revolution (4IR) technologies and research. Their digital transformation DNA is leveraged by emergent technologies like blockchain, AI, Machine Learning, and AR, and VR to provide unique solutions for businesses, enterprises, governments, public institutions, and individuals. The global ecosystem reaches more than 1 million people a month, focussing on empowering the economies and societies that are still not digitally transformed.

Appreciating the initiative, Dinis Guarda, Founder and CEO of Ztudium said,

“With individuals at the core, we envision creating smart cities across the globe that are sustainable in their true essence. Emerging technologies, like AI, and blockchain are giving new horizons to the creators and innovators in our society. The immersion and interactions that the metaverse promises will enhance our cultural and societal experiences. The world needs to be ready for this revolution. We need more corridors like this that create the global channels of information and research while tackling the challenges that arise with time.”

Another frontier of 4IR: Personal Data Protection Framework, ensuring inclusion and sustainability

The Personal Data Protection (PDP) Bill of 2019 was recently rolled back in India. The new framework is still awaited and is still in discussion. As an expert himself and the leader at the event, Dinis Guarda shared his insights on the policy framework that is needed to create a robust PDP in India.

According to him, the key to achieving this is to create awareness among the people. Discussion groups from universities and academic societies and also the industry world from across the country can participate to present fresh ideas and challenges in framing the policy.

“It should be done in a way that empowers the people on one hand and creates simple solutions that can be implemented easily by the organisations that deal with data”, he said. Sharing his recommendations for the regulators, he added, “Be smart in how you take it forward, and how you implement it in public.”

To find out more about EBTC’s Knowledge Hub and Initiatives, visit European Business and Technology Centre (EBTC).

The post Personal Data Protection With A Robust Policy Framework: European Business And Technology Centre appeared first on OpenBusinessCouncil Directory.

• In one of the applications of Web 3.0, the digital world gets immersive by simulating the real world and making it interactive for the users. This is the Metaverse the world is talking about today.

With an accelerated rush by global corporations to establish themselves in the latest metaverse technology, the world is (knowingly or unknowingly) welcoming the advent of the Web 3.0 era with open arms. Dinis Guarda, founder and CEO of citiesabc, openbusinesscouncil and ztudium, has been exploring the realm since its inception. Contextualising the concepts in a new infographic, here’s how he explains the evolution of the internet to evolve into what we know as Web 3.0 and how it creates an ecosystem using blockchain technology for carving out the metaverse of our future.

Web 3.0: A decentralised version of the internet

The third generation of the Internet, popularly known as Web 3.0, is in its bare infancy. It is the iteration that shifts the control of the internet from centralized players to its builders and users.

But how does this work?

This control chain is orchestrated with the availability of tokens on the blockchain, a decentralised ledger system for digital transactions.

Does this mean we are ushering into a new era where creators, developers, businesses, and users are alike?

Yes, indeed. This is what we mean by decentralisation, Dinis explains.

According to him, Web 3.0 rose to popularity because of its inherent nature to leverage innovation with ownership. In other words, each participant gets property rights over a piece of the internet using tokens- both fungible and non-fungible (or NFTs).

But, that’s just one aspect of it.

Another distinguishing feature is adding an extra layer of security to the transactions with a feature called smart contracts.

Overall, this fixes the core problem of limited functionality in Web 1.0 and the centralised model of Web 2.0.

Dinis affirms that the new Web 3.0 will offer fresh ways to combine the best aspects of the previous eras and enhance them in a decentralised manner.

Referring to his vision of Web 3.0 ecosystem, the existence of digital twin means an individual has two identities- one that exists in the real world (the physical Id), and the other is in the virtual world (or the digital identity, or the avatar).

Now, how are the two worlds connected, let’s find out what Dinis Guarda thinks of this?

Metaverse: Interactivity between a variety of Web 3.0 applications

The Metaverse, as it stands today, is a variety of web 3.0 applications with various levels of interactivity and adoption. It is an immersive digital space that simulates the real world and focused on social connections among digital twins.

The data, available through technologies like cloud computing and blockchain, is collected and enabled with AI within the Web 3.0 ecosystem. This incentivises the creators and users to manage their personal data as they wish.

In other words, the decentralised nature of Web 3.0 offers better data ownership avenues for the users of the ecosystem.

“We are going through a paradigm shift where ownership transforms itself from the real world to the digital world, the metaverse, that encompasses this promise of ownership.”, says Dinis Guarda (title). According to him, “This is not a new concept. However, with NFTs and the blockchain gaining traction, we are going to see a lot of builders and creators innovating across the multitudes of the digital world.” 

The Metaverse Revolution: 10 Industries That Will Change

The digital world, hereafter…

Over time, these multiverses might progress towards complete decentralisation, opening fresh avenues for newer platforms, and outdating the traditional ones. Dinis concludes that while Metaverse and Web 3.0 are still evolving, data interoperability, data ownership, and parallel multiverses are some of the budding fruits in this garden of the digital realm.

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 Infographic: Web 3.0 Nurtures Metaverse With Decentralisation and Data Ownership appeared first on OpenBusinessCouncil Directory.

Tokenization is the process of replacing sensitive data with unique identification symbols that preserve all the essential information about the data without threatening its security. City tokenization is a process where some forms of assets are converted into a token that can be moved, stored, or recorded on a blockchain. This might sound complex but tokenization is turning a meaningful piece of data, such as an account number, into a random string of characters called a token that has no meaningful value if breached. Tokenization, minimize the amount of data that a business need. It has become a popular way to reinforce the security of credit card and e-commerce transactions, for small and medium businesses. At the same time, it minimizes the cost and complexity of compliance with industry standards and government regulations. Tokens act as the reference to the original data, but cannot be used to estimate those values. Because, unlike encryption, tokenization does not use a mathematical process to transform the sensitive information into the token. There is no key, or algorithm, to use to derive the original data for a token. Instead, tokenization uses a database, called a token vault, which stores the relationship between the sensitive value and the token. The real data in the vault is secured, often via encryption. Smart cities tokenization substitutes sensitive information with equivalent no sensitive information. Token – Smart City Solutions helps Making Smart Cities Smarter

Making Smart Cities Smarter

In smart cities tokenization the token value can be used in various applications as a substitute for the real data. When the real data needs to be retrieved, the token is submitted to the vault and the index is used to fetch the real value for use in the authorization process. For the end user, this operation is integrated by the browser or application nearly instantaneously. The advantage of tokens in city tokenization is that there is no mathematical relationship to the real data they represent. Tokenization technology can be used with sensitive data of all kinds, such as bank transactions, medical records, criminal records, loan applications, stock trading and voter registration. To make token more useful, some considerations can also be given to the design of it. For example, the last four digits of a payment card number can be preserved in the token so that the tokenized number can be printed on the customer’s receipt so they can see a reference to their actual credit card number. The printed characters might be all asterisks plus those last four digits. Because of the security purposes in this case, the customer only has a token, not a real card number.

Token – Smart City Solutions

The concept of Token – Smart City Solutions in the payment card industry, tokenization is one means of protecting sensitive card data to fulfill with industry standards and government regulations. For making smart cities smarter tokenization is used to protect credit card data, bank account information and other sensitive data. Payment processing use cases that tokenize sensitive credit card information, including mobile wallets like Android Pay and Apple Pay, e-commerce sites, and businesses that keep a customer’s card on file. How smart cities tokenization works? Tokens are created in several ways like using a mathematically reversible cryptographic function with a key, using a nonreversible function such as a hash function, and using an index function or randomly generated number. To making smart cities smarter the token becomes the exposed information; so, the sensitive information that the token stands in for, is stored safely in a centralized server known as a token vault. The token vault is the only place where the original information can be mapped back to its corresponding token. So far it is cleared that tokenization works by replacing the valuable data from your environment with tokens. In any business there are at least some sensitive data about different subjects including credit card data, medical information, social security numbers, or anything else that requires security and protection.

City tokenization ; What are tokenized stocks?

In smart cities tokenization tokenized stocks are digital representations of shares in publicly traded firms like Tesla, Apple, and Facebook. The value of these digital tokens is based on the value of the basic asset. But how does tokenized stocks work? Tokenized stocks are similar to standard shares purchased in a listed company, except that tokenized shares are in the form of digital tokens. In different trading platforms, some tokenized stocks are backed by the underlying traditional equities and redeemable, and others simply track the prices of the equities. Tokenized stocks can be purchased with cryptocurrencies on supported trading platforms, allowing you to invest and build wealth in the stock market without any barriers to entry. Making smart cities smarter is to improve people’s lives in areas as policy efficiency, social and economic quality, and maximizing the social inclusion of their inhabitants. Token – Smart City Solutions help cities to provide better services. City tokenization increases government efficiency and help them to tackle major challenges. The ultimate goal of city tokenization is creating a more livable, sustainable and prosperous city or community.

Smart cities tokenization

The goal of the smart cities is to promote basic infrastructure and offer a dignified quality of life to its inhabitants, a sophisticated security system, a clean and sustainable environment and the application of intelligent solutions that improve the operation and efficiency of the city. Tokenization in blockchain refers to the issuance of a blockchain token, also known as a security or asset token. Blockchain tokens are digital representations of real-world assets. When a real-world asset is represented digitally as cryptocurrency, it is actually tokenized. Some of the most common smart city projects for making smart cities smarter include smart lighting, smart transportation systems, and smart utility metering for electricity and water. Tokenization has existed since the beginning of early currency systems, in which coin tokens have long been used as a replacement for actual coins and banknotes. The concept of tokenization is the same as in digital tokenization to act as a surrogate for a more valuable asset.

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 The Future Of Cities: The Rise Of Tokenization appeared first on OpenBusinessCouncil Directory.

The Digital Revolution timeline refers to the shift from mechanical devices and analogue electronic technology to digital electronics as a means of storing, transferring and utilizing information. This era started during the 1980s and is ongoing. The Digital Revolution is called the beginning of the Information Era. This is the starting point of what we refer to as the digital revolution which began in the second half of the 20th century. Digital revolution example is the adoption and increase of digital computers and digital storage of information. Digital revolution impact has led to the development of more advanced computer systems. Digital Revolution inventions begin with the invention of the Internet and the rise of home computers. It is sometimes called the Third Industrial Revolution. But why has it become a revolution? The characteristic of digital technology is continually changing; it is progressively branching out and boosting productivity across a wide range of sectors and industries. Different events have led to the broad adoption of digital technologies which have changed forever the way we exchange and use information.

Digital revolution timeline

The invention of the revolutionary transistor in 1947 can be considered the beginning of the digital revolution timeline. The transistor, which was introduced in 1947, launched the way for the development of advanced digital computers. The government and various other organizations used computer systems during the 1950s and 1960s. Eventually, the World Wide Web was created. In the 1980s the computer became a familiar machine and gradually by the end of the decade, the ability to use computers became a necessity for many jobs. The way continued and by the late 1990s, the Internet became a normal part of most businesses and a part of everyday life for almost half of the American population. Digital Revolution inventions have caused in the decade 2000s that mobile phones were commonly used. In this decade the number of Internet users increased, furthermore, the television started to transition from using analog to digital signals. Digital revolution impact in the 2010s and beyond led to widespread use of the Internet. As a digital revolution example, mobile communication became very important, as nearly 70 percent of the world’s population owns a mobile phone. The connection between Internet websites and mobile gadgets has become a standard in communication. The innovation of tablet computers made it very easier to use the internet is everywhere. This allowed users to consume media and use business applications on their mobile devices, anytime they need.

Digital revolution inventions

Digital Revolution inventions started with the invention of the revolutionary transistor in 1947. The subsequent technological advancements made computer system components have been produced more energy-efficient and less costly. This digital revolution impact led to the development of computers with more complex processing circuits and storage memory able to hold both the program being run and the data it was working on. The Internet as a digital revolution example has changed many aspects of human life. Digital revolution timeline shows that by the 1950s and 1960s, many governments, militaries and other organizations were already using computers to manage complex data and functions. Simultaneously scientists began to consider time-sharing between computer users and the possibility of achieving this over wide area networks. When a message was sent over the ARPANET (which is short for Advanced Research Projects Agency Network) in 1969, the public was introduced to the concepts which led to the internet. In this way, the first computers were connected, and further software development enabled remote login, file transfer, new ways of communication and email.

Digital revolution impact

The digital revolution impact is the most significant event in information release and definitely had a huge effect on human communication. Another development in digital data technology was a compression technique called discrete cosine transform. It became a fundamental item to the digital revolution later, as the basis for most digital media compression standards from the late 1980s onwards, including different digital image formats, video coding formats, audio compression standards and digital television standards. Digital revolution timeline shows that improved performance and reduced costs due to the use of technology led to a wide acceptance and adoption of digital technologies. Shortly afterwards these technologies and digital revolution inventions made their way into a wide variety of equipment and consumer goods. Digital revolution example in the 1980s, shows the popularity of digital devices, with automated teller machines (ATMs), industrial robots, electronic music, video games and computer-generated images in the movie industry, all making their way into daily life. Little by little millions of people purchased home computers, and the first mobile phone was made in 1983; although digital cell phones were not sold commercially until 1991. The first digital camera was created in 1988.

Digital revolution example

Another turning point for the digital revolution timeline was the invention of what became the World Wide Web, starting in 1989. Tim Berners-Lee designed a standard set of rules for communication between systems. This was followed by setting up a server to store information and creating browser software. That was a program that helped to interact with various types of internet resources. With these elements in place, the World Wide Web as one of the digital revolution inventions became publicly accessible. Improvements to the web were a digital revolution impact that made it increasingly simple to use, and this, in turn, brought more users onto the internet. First companies and then individuals realized the potential to expand the capabilities of computers and other digital devices when connecting to the internet. From then on, the internet expanded quickly, and by 1996 it was part of mass culture and many businesses had websites. Across the globe, the pace of digital transformation is accelerating. The private sector continues to invest in disruptive technologies to get ahead of the competition. They adapt their business models to meet ever-increasing customer expectations.

A global phenomenon

Throughout the 1990s, countries of the developed world began to experience an economic boom. This was largely due to the success of the companies using digital technologies and to the advancements in transmission technologies, including computer networking, the internet and digital broadcasting. In the digital revolution timeline, 1999 was very important, because by then almost every country had an internet connection. That was the time when the digital revolution impact became global, with digital technologies spreading to the developing world in the 2000s. By late 2005, digital revolution inventions led the number of internet users to reach one billion, and by the end of this decade, three billion people worldwide used cell phones. Today More and more individuals are using the digital revolution example, the internet. Internet is used for a wide range of purposes: to communicate, interact with other users and organizations, access, use or make available information, or simply for entertainment. These new technologies allowed users to share resources and apply the principle of economy of scale.

The digitally literate society

Digital revolution timeline, as technology became more user-orientated and user-friendly, is experiencing new courses. Individuals nowadays became more digitally literate at all levels. They have started using technology in new ways and in an ever-increasing number of areas of their lives. Because of the digital revolution inventions by 2020, more than half of the world’s population actively used the internet. Digital revolution example has a wide range from social media to online shopping, from web applications allowing remote working to on-demand entertainment services, etc. Digital revolution impact on these systems has largely reshaped the functioning of everyday life. These systems provide new ways of maximizing the effectiveness of shared resources and building reliable solutions for individual users. These systems have been designed to facilitate multiple aspects of our lives. Furthermore, now users can start to have an active role in creating technology. These developments have led to a huge amount of in the digital space and, in parallel, the ability to store it has also grown exponentially, leading today’s society to the middle of the information age. Digital technologies are fundamentally changing how people and businesses work together.

The Internet and home computers

In Digital revolution timeline digital computers have changed the way the world we live in. Digital revolution inventions are for human comfort. The tendency of humans has always been toward making life easier. The Industrial Revolution create a new era, with abundant mechanization. Manufacturing, transport, utilities, etc. Mechanization had taken over many of the tasks previously involved in human intervention. Among different industries, the textile industry was much demanding cheaper labour; this would accelerate the mechanization process. A similar advancement of the need had taken place in the early 1900s, in the field of computing and mathematical calculators. This paved way for the digital revolution impact. Today, information activities constitute a large, new economic part that represents the basis for the next stage in the digital revolution example with the emergence of new technologies. Just like the Industrial Revolution which was encouraged by necessities in manufacturing and commerce, the digital revolution inventions appeared by a need for new devices and new ways of communication. The pace of changes in technologies continues to blur the boundaries of the physical and digital worlds. It is redefining traditional industry sectors and the way we live and work. These emerging technologies, growing amounts of data and smarter ways of getting insights are changing the way people’s lives, and businesses and governments way of interact.

Next-Generation Technologies

Digital technology will form the backbone of next-generation technologies and digital revolution inventions. In the digital revolution timeline, as digital connectivity extends to transport systems, it can lead to more equitable, efficient, and safer mobility. This suggests opportunities for countries to reshape the way people, goods, and services travel. Digital revolution impact with new technology, and hyper-connectivity of devices, enables technology-led efficiency gains of transport systems and beyond. Positive global trends over the past decade include improvement in logistics performance and fuel economy, both of which contribute to reducing the aggregate cost of goods, as well as fossil fuel energy consumption. The biggest impact of the digital revolution on low- and middle-income countries, however, will likely be through new manufacturing process technologies that affect the production of traditional manufactured goods.

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 A Story About the Digital Revolution appeared first on OpenBusinessCouncil Directory.

The world today stands at the conjecture between the real and digital world, ready to welcome the phenomenon called the Metaverse. It is through the blend of the two worlds that humanity is believed to progress to new meaningful heights. A digital twin is an initiative to realise this velocity and provide an entry point to this vast immersive world. This is a secure way to introduce a real-world space that is dimensionally precise into the virtual mirror world of the Metaverse.

IBM’s version of a digital twin is “a virtual representation of an object or system that spans its lifecycle, is updated from real-time data, and uses simulation, machine learning, and reasoning to help decision-making”. In other words, it is a virtual model that is designed in such a manner that reflects an object in the physical world. For instance, the data collected from a packaged food manufacturing unit by various sensors (that measure its performance through parameters like efficiency, input, output, etc.) is applied to create its digital copy (or twin). This virtual model operates in a simulated environment to generate valuable insights about its performance.

The digital twin solution on the Metaverse

Real-world is a complex cluster of spatial elements, coordinating with biotic and abiotic components in a dynamic way. A digital twin, thus, mirrors the real world with similar characteristics, processes, integration, and composition, thereby simulating its capabilities.

A digital twin in IoT seamlessly integrates with data analytics for a plethora of applications- maintenance prediction and fault detection, smart city technologies, intrusive surgery and diagnostics in medical and healthcare, traffic management, viability and efficiency of manufacturing processes, and fault analysis, to name just a few.

Stefano Corazza, head of augmented reality at Adobe says, “We have a very diverse pool of customers, and they are all trying to establish their standard workflow to get to high fidelity digital goods. The one thing they all have in common is the need for the creation of digital twins for all the goods that the brand is representing”.

A Metaverse version consists of multiple digital twins combined to form a composite digital twin technology.

The digital twin economy

According to a report by Grand View Research, the size of the digital twin market is anticipated to reach $86.09 billion by the year 2028. This growth is majorly driven by the use cases under Industrial Revolution 4.0 (4IR). The increasing demand for Industrial IoT solutions, asset health optimisation (and predictive maintenance), large-scale smart city infrastructure, and energy efficiency (and carbon-neutral economy).

For example, Smart cities, alone, are estimated to account for 2 billion sensors and connected infrastructure. This creates an extensive avenue for the development of digital twin technology, creating virtual cities over the Metaverse.

The privacy concerns with digital twins

Privacy concerns always surface where there is personal data in the picture. Behavioural assessments, the successful culmination of training programs, and 360 surveys are all examples where data has empowered digital twin technology. Maintaining transparency with scrutinised accessibility is the key to a healthier Metaverse with ‘twin’ versions.

Other threatening issues that need to be dealt with are- Intellectual Property theft (hacking of the digital twin blueprint), non-compliance of data, and disrupting the integrity of personal information. A digital twin is two-way communication between the physical and the digital world. This means that traditional methods of security are not enough to keep the systems and data safe. Protective measures for hardware and software need to be stepped up, that are customised based on the nature and scale of the application.

In addition, data governance (parameters and policies) ensures the range of privacy levels, strictly based on data management strategy. This dictates the responsibilities during the lifecycle of data- engineering, analytics, and computation. Governance processes like masking, differential privacy, encryption, redaction, and lifecycle management are the avenues to which privacy products can be effectively applied.

A holistic approach based on the needs of the digital twin technology and the principles of the business vertical is the key to securing trust and popularity for a better Metaverse experience.

Our Future with Digital Twins

Clearly, the world is witnessing a fundamental upgrade in the existing operating models. The asset-intensive industry is undergoing a digital reinvention that requires the integration of physical and digital systems- processes, equipment, and facilities. Digital twin technology has become a vital part of this realignment, playing a pivotal role in bringing the Metaverse to reality.

The devotion of exponential cognitive power to the digital twin technology is carving out its limitless future. With new skill sets and learning capabilities, the technology promises to evolve and generate better and more efficient processes.

“The difference that is taking place now, that hasn’t been there in the past, is that we have a platform that obeys the laws of physics and obeys true-to-reality submit scenarios, so it is not just an approximation, it’s not just a representation, but it’s actually something that is true to reality” Richard Kerris, Vice President of the Omniverse at NVIDIA.

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 Urban Digital Twins Set To Create The First Real-world Metaverse appeared first on OpenBusinessCouncil Directory.

“I’m a great believer in being heads-on. That’s probably the best way to be educated.”

Or Lenchner had a passion for developing software products since his early years. During his initial years, he founded and managed several internet-based products and businesses. After developing digital assets and online marketing programs himself, he joined Bright Data in 2015 as the Head of Product Development.

“I’m a product guy, that’s what I love to do also today. Even acting as a CEO, I’m still enjoying most of the time touching, building, and working with our own products”, he proudly says.

It is this ideology, he believes, that makes Bright Data successful in its ongoing drive to innovate. He further describes to Dinis the challenges that internet-based data is facing these days – lack of web transparency.

“The World Wide Web was designed to be the largest public database in the world – it should be open to anyone to use but in reality, it isn’t. This is the major challenge that we see. Though, the software that we develop overcomes this challenge and is able to collect this public data. This is why our products are so valuable to our customers. But, as a whole it’s not okay to block access to public data, it belongs to the public. This is why it is called public data”, he shares his concern.

On being prompted by Dinis about the ethical practices of web data extraction that the company follows, Lenchner explains that trusting the data starts with trusting the data partner or vendor. This is what forms a reliable basis for web data collection and ensures that it is used in an ethical manner.

“It’s a very strong culture in our company DNA to be accountable. We’ve taken unprecedented steps to ensure that our products and infrastructure address the highest industry standards. In 2021, we rejected over 830 cases of potential customers for simply not practising the use cases we support, even though everything is legal, everything is okay, but we don’t perceive it as ethical or they weren’t transparent enough when they came talking to us and went through our KYC process”, he indicates sincerely about the ethical and responsible culture at Bright Data.

More Interviews

James Zhang, CEO The Concept Art House – Games, Art And NFTs

Adam Hollander, Serial Entrepreneur, Pack Leader at Hungry Wolves – NFT, Gamification

Interview with Rishi Kapoor, Founder & CEO of paus.tv – The Revolutionary Streaming Platform For Independent Creators

Interview Kireet Khurana, Filmmaker & Creator Of Animation Film “Toonpur Ka Superhero” – Homelessness In India: The “Invisible Visible”

Pedro Gadanho – Architecture, Arts, Cities & Society – Former MoMA & MAAT Curator, Architect

Susan Oh, Future of AI, Blockchain; Blockchain For Impact Global Summit @ UN HQ, Top 10 Frontier Women in Digital

About Bright Data

A leading web platform, Bright Data, provides tools and products to extract, manage and utilise public web data. These could be used by any form and size of business, institutions, or even the public sector to research, monitor, or analyse the data and consequently make better and more informed decisions. Used worldwide by more than 15,000 customers, Lenchner states that the data is gathered in the most efficient, reliable, and flexible way.

“We build software for one purpose- to help our customers collect publicly available web data. So, if the internet today is probably the largest database in the history of mankind, it means that you can probably do a lot with that resource as a company, no matter what you are doing- selling stuff online, or developing medicine. This is a major resource you should take into consideration. We build the tools that allow you to collect the public web data you need, which is not an easy task”, explaining the power of data in the current world scenario.

Making public web data accessible to all keeps the markets open and in healthy competition. Major eCommerce companies and sites, finance, NGOs, research universities, public sector organisations, security operators, and travel sites are among the thousands of clients of this growing platform… With a strong customer base, Bright Data crossed the hundred-million-dollar revenue mark last year.

About The Bright Initiative

The Bright Initiative is a global program that uses public web data with the aim of driving positive change. This provides pro-bono access to leading web data technology for various public bodies, NGOs, Not-For-Profit Organisations, academic institutions, and others. What started as an exercise to help researchers during the initial stages of the COVID-19 pandemic in early March 2020, turned into an exciting venture for the company.

“We realised that we do really well as a commercial company, but you can actually also use these powerful tools for contributing to society in various ways. So, we just launched our new webpage, offering researchers and organizations the chance to approach us, if they think they should get these tools for free”, Lenchner says excitedly.

With over 400 partners already, The Bright Initiative has been contributing humbly to quite amazing causes. From being used for research purposes by universities, combating sex and human trafficking, to identifying victims of intrafamilial abuse (and helping them before it is too late)- The Bright Initiative has an extensive number of cases that have made a positive impact on society- all based on publicly available web data.

“You just need tools to collect this public data and analyse it. So, we literally know lives are being saved just by using our tools effectively”.

“We support over 400 organisations like Universities, NGOs, and the UK government, for example, to help them make a positive social impact using the largest resource – Web Data.”

Relevance of data in Web 3.0

Being interested in Metaverse and Web 3.0 himself, Dinis poked Lenchner to explain the role of Big Data in the future of this space. Or explains that living in Web 3.0 does not just mean being in this world with AR VR sets. It just means a portion of one’s waking hours being spent inside the web itself. He insists on the beauty of mountain amounts of data being generated throughout the process of transition and while living in it.

“This will, for sure, push companies like Bright Data and others to build newer tools, more sophisticated tools, to be able to extract that data that will be added on that new layer of Web 3.0 or inside the Metaverse. We’re already there, we’re thinking this way, we’re innovating in this direction. It’s just going to be much bigger”, he exclaims.

Concluding an extremely knowledgeable session, Lenchner leaves a message for those who handle data (or are willing to enter data handling), “Start small, with a small data set, to validate your hypothesis, first. Then, scale up”.

About citiesabc.com
https://www.citiesabc.com/​​​​​​​​​​​
https://twitter.com/citiesabc__​​​​​​

About openbusinesscouncil.org
https://www.openbusinesscouncil.org/

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 CEO Of Bright Data, Or Lenchner, Explains The Challenges That The Data Industry Is Facing In Today’s World appeared first on OpenBusinessCouncil Directory.

As cities continue to grow in both size and population, redefining human interaction along the way, a framework for human-centric smart city ecosystems has become critical. The urban population is expected to grow by around 7 billion by 2050 and, while this brings immense opportunities, it also creates huge challenges. In such a scenario, the need of the hour is to create inclusive, safe, resilient, and sustainable cities. Cities need to become smarter, bring all stakeholders together, and utilise the latest technological innovation.

Previous models for smart cities have suffered challenges, owing to the shifting dynamics of physical and cyberspaces. The “Blueprint for Smart Cities” redesigns the current model to provide a new social contract with humans at the core. It focuses on extensive coordination between policymakers, universities, industry, and citizens: the four agents that make up the Quadruple Helix Innovation model on which the analysis has been based.

The multilateral feedback systems that exist between these agents are crucial to consider if we are to meet the UN’s Sustainable Development Goals (SDGs). The Blueprint for Smart Cities is an approach based on the intersection of human and technological aspects of development.

“A smart city does not simply mean ‘smart + city’, but emphasises who is leading the city. This means developing a city by the people, for the people, where the goal is to create a human-centric ecosystem. ‘Blueprint for Smart Cities – A Social Contract’ with citiesabc indexdna provides a way of developing a human-centric ecosystem where physical and cyberspace systems are interconnected to bring about social, economic, political and environmental changes”, explains Her Royal Highness, Princess Katarina de Silva of Yugoslavia and Serbia.

Compiled by citiesabc indexdna and the University of Durham in partnership with University of Surrey, Big Innovation Centre and World Smart Cities Forum and led by Professor Kiran Fernandes and Dr. Atanu Chaurhuri, the Blueprint for Smart Cities advocates a human-focused approach to building smart cities of the future.

The blueprint highlights the dynamics that exist in cities globally between the four agents at the outset of the Quadruple Helix Innovation model. It explores the multidirectional feedback systems that emanate from their respective decisions and understands the complexity of these constant adjustments and adaptations, proposing a framework for the holistic development of cities.

“We realised that smart city indexes operated within a static framework, making the results unreliable and in constant need of updates. Our approach is dynamic, identifying smart cities as human-centric and analysing the multidirectional feedback systems between the different pillars that make up a smart city. We are thrilled to have collaborated with the Centre for Innovation and Technology Management at the Durham University Business School, whose academic insights and deep research were crucial to creating this Blueprint for Smart Cities. In doing this, we hope to set a new standard for future smart city indexes and rankings”, said Dinis Guarda, founder citiesabc & openbusinesscouncil, author.

The report identifies a number of factors for consideration that are outlined as essential to the development of a human-centric smart city alongside technological advancements:

1. Innovation & Technology,

2. People & Human Resources,

3. Wellness, Health, Education & Liveability,

4. Financial Funding,

5. Leadership & Governance,

6. Business Professional ESR,

7. Circular Economy, and

8. Energy Net Neutrality.

According to Dr. Kiran Fernandes Professor at Durham University and co-author of the report, this blueprint serves as a “handbook for developing human-centric cities. The report is in direct sync with the UN’s Sustainable Development Goals and specifically promotes sustainable, inclusive and resilient economic growth. It ensures productive and decent employment for all. We aim to make our cities and human settlements inclusive, safe, resilient and sustainable on a global scale”.

“Blueprint For Smart Cities” is an initiative in continuation of the governments’ constant efforts for building smarter and more digitised cities worldwide. It is an enhancement of the global efforts to create sustainable, more habitable smart cities, and ready for the future.

Download the report here

About citiesabc indexdna

Citiesabc indexdna is the data analysis platform powering the dashboards for citiesabc. It is a digital transformation platform to empower, guide and index cities. citiesabc was formed by a team of global industry leaders, academics and experts creating new solutions, lists, rankings and connections for the world’s top cities and populations. citiesabc offers the best of innovation in 4ir, digital transformation, blockchain, AI, NFTs, smart cities technologies and big data.

Along with Durham University and strategic partners, citiesabc indexdna has produced the research “Blueprint for Smart Cities: A Social Contract” which highlights the dynamics that exist in cities globally between the four agents at the outset of the Quadruple Helix Innovation model and propose a framework for the holistic development of cities.

About Durham University

Durham is an international triple-accredited business school. Founded in 1965, we are one of the UK’s longest established business schools and are proud to be integral to Durham University.

Sharing insights, supporting innovation and teaching tomorrow’s leaders. We believe that to succeed in business, you need to get closer to the realities of business – so that’s what we do. We combine our academic excellence, insightful research and exceptional global business connections, to equip our students and alumni to become innovative business thinkers of the future and influential individuals in and beyond their careers.

A globally outstanding centre of teaching and research excellence, a collegiate community of extraordinary people, and a unique and historic setting – Durham is a university like no other.

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 Blueprint for Smart Cities : A Social Contract, A Research Publication by University of Durham and citiesabc appeared first on OpenBusinessCouncil Directory.

The Metaverse is an ever-expanding term, beginning to cover more and more virtual experiences with each day. It can be described as the virtual equivalent of our physical world. With the increasing need to streamline our lives, to make our work more efficient, and our relationships easier to keep up with, the Metaverse offers an interesting solution. It can be used not only for work but also for play. A recent report by Gartner, a data insights firm, states that by 2026, a quarter of the Internet’s users will be spending at least an hour per day in virtual reality. So what is this Metaverse, really, why does it have the potential to boom?

Metaverse: the basics

The term ‘Metaverse’ appeared first in the science fiction novel “Snow Crash” by Neal Stephenson in 1992. Set on a futuristic backdrop, the story unfolds humans’ interaction with each other and with software agents (as avatars) in an online-enabled virtual space similar to the present-day internet. Stephenson named this virtual space the Metaverse. It represented his vision of the future evolution of the internet on the lines of virtual reality technology. Currently, the features of Web 3.0 – continuity of data, such as identity, history, entitlements, and objects – empower it to grow at the current scale of expansion.

The Metaverse marks an advanced chapter in our cultural and digital history. It offers innovative ways and alternative modes of storytelling, thereby shifting the bridge between the physical and virtual realms. Video games like Robolox or Fortnite, in which players can build their own words, have metavere-adjacent tendencies. If you are working in a virtual reality-enabled workplace, you are working in the Metaverse. There is no single Metaverse space, however. It’s Metaverses.

The current consensus

Matthew Ball, a venture capitalist and essayist, believes the Metaverse to be not a virtual world or a space, but “a sort of successor state to the mobile internet” – this ties with the idea of Web 3.0. There “will be no clean ‘Before Metaverse’ and ‘After Metaverse,’” he says. “Instead, it will slowly emerge over time as different products, services and capabilities integrate and meld together.”

Mark Zuckerberg, on the other hand, shared his own view of the Metaverse recently on CNET: “We want to get as many people as possible to be able to experience virtual reality and be able to jump into the metaverse and to have these social experiences within that,” he inferred, referring to the company’s VR environment Horizon, propelled by Facebook’s Oculus headsets.

What future awaits us? We believe that these are the key trends that have the potential to succeed by using the power of AI and Metaverse. These will also be the reason why people will spend more and more time in the Metaverse as years progress.

• Use of the Metaverse in the Tourism industry to create multiple new experiences when you visit a city, a resort or want to research where to spend the time of your life;

• Metaverse use and scale in property for creating better experiences for property city development and increase better experiences and relationships between developers, investors and, finally, clients’ buyers.

• Metaverse use and scale in creative industries: creators, not just game developers will increasingly use the metaverse to create new revenue streams and expand their brands out of the scope of the digital global monopolies that don’t reward, for example, their follower base;

• Even when it comes to the crypto space, Metaverse tokens have been among the most successful coins on the markets: Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA) outperformed Bitcoin and Ethereum in 2021.

A world of future possibilities

The Metaverse research shows that humans will utilise the technology in major ways. Marty Resnick, research vice president at Gartner, said: “Vendors are already building ways for users to replicate their lives in digital worlds – from attending virtual classrooms to buying digital land and constructing virtual homes, these activities are currently being conducted in separate environments.”

He added that “Eventually, they will take place in a single environment – the Metaverse – with multiple destinations across technologies and experiences.”

The tide is turning. Will we see users spending an hour in the metaverse on average by 2026? It looks likely. However, as was often the case, the pace of technological development may even be underestimated. Our Metaverse-based lives may soon prove to be the primary means of communication and interaction. The future is here.

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 In The Next Four Years, A Quarter Of Us Will Be Living For At Least An Hour Of Our Lives In The Metaverse appeared first on OpenBusinessCouncil Directory.

In her words, her personal background is centred around the internet and tech. “My background is deep experience in internet & tech, combined with broad marketing and executive skills. I founded three companies and two nonprofits. I have led company departments, global boards, passionate startups and savvy consultancies, solving challenges for dozens of different businesses. I develop teams and inspire them to grow individually and collectively. My leadership style is fun, transparent and strategic. In between startups, I’ve been a full-time or fractional (interim) Chief Marketing Officer for brands.”

Dana Todd has 20+ years of experience as a founder and businesswoman at the forefront of digital innovation. She is currently the founder and CEO of Balodana, the first only marketplace that is exclusively women’s made to measure fashions from around the world. Dana Todd founded Balodana in fall 2019 after many years in and out of the corporate world and entrepreneurship. Todd said the freedom of entrepreneurship ultimately led her to pursue this startup, which she hoped can give women greater confidence in their appearance and clothing. But the business doesn’t come without challenges. Accessing funding as a woman has been especially difficult, she said.

More Interviews

James Zhang, CEO The Concept Art House – Games, Art And NFTs

Adam Hollander, Serial Entrepreneur, Pack Leader at Hungry Wolves – NFT, Gamification

Interview with Rishi Kapoor, Founder & CEO of paus.tv – The Revolutionary Streaming Platform For Independent Creators

Interview Kireet Khurana, Filmmaker & Creator Of Animation Film “Toonpur Ka Superhero” – Homelessness In India: The “Invisible Visible”

Pedro Gadanho – Architecture, Arts, Cities & Society – Former MoMA & MAAT Curator, Architect

Susan Oh, Future of AI, Blockchain; Blockchain For Impact Global Summit @ UN HQ, Top 10 Frontier Women in Digital

Creating Equality in Fashion: The Idea for Balodana

The idea for Balodana started when founder Dana Todd found herself frustrated with the retail shopping experience in America. Even at high-end stores, she noticed that garments didn’t fit her body or were made poorly. Boutiques were better, but often had shapeless garments that didn’t feel powerful or stylish. She found this to be a common complaint among her friends of all ages and body types, but it was particularly an issue for mature women and women who wore larger than a size 6.

Likewise, reports emerged about the significant environmental damage being wrought by the fast fashion industry, which creates mountains of overproduction waste and chemical impacts to water and land. Not to mention, the labour practices of the garment industry frequently injure or even kill workers.

Then, Dana found a designer in Romania who manufactured original designs on a made-to-measure basis at a price competitive to most US department store clothing. She was hooked and decided to build a marketplace that connects women with custom clothiers from around the world, in a setting that combines the convenience of Internet shopping but with the high-touch customer service of a posh retail store. She found more great designers and tailors and invited them to help “bring back the dressmaker” for American women. The resulting Balodana company brings together old-fashioned customer service and dressmaking skills, but with the best new technology to help support you better.

Todd is a digital pioneer.  “The press has called me one of the pioneers of the internet marketing industry and I’m primarily recognized for my role evolving the search marketing industry. I hold a patent, rang the bell at NASDAQ, and generally like to think of myself as having at least one finger in tech futurism. I have spoken around the world to thousands of people, and I’m skilled at helping companies achieve success through thought leadership and content strategy aligned to communication and brand objectives. My now-rare “old school” brand training is the foundation of all campaigns; my philosophy is that integration across channels – digital and traditional – is the most critical thing you can do as a marketer.”

As she says during the interview, she aims to make the fashion industry more equal. “So technology is a key, and a significant key, towards solving this problem, the other part is that frankly, there are some just underlying changes that need to be made to the business model itself.

And she added: “I’ll start with the fact of what you mentioned earlier that the people who actually make your clothes are probably the least compensated people in the entire process. It’s astonishing and I’ll tell you what, my personal remedy for fast fashion, every time I’m tempted by a sale price is to understand that any price tag that I see, only 10-15% of that retail price tag went to the factory, who produced it and the tiny, tiny slice of it would be the labour itself. So if you’re buying a ten-dollar t-shirt, a great price, but probably only 50%, 50 cents of that went to a human being who did all the sewing.”

“So the entire incentives of the industry are geared toward inefficiency and ultimately potentially human rights violations, certainly, it’s one of the few legal industries out there that still have human slavery in it. How shocking and how shameful is that, right?”

About citiesabc.com
https://www.citiesabc.com/​​​​​​​​​​​
https://twitter.com/citiesabc__​​​​​​

About openbusinesscouncil.org
https://www.openbusinesscouncil.org/

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

The post Dana Todd: Tackling Inequality and Gender Bias in the Fashion Industry appeared first on OpenBusinessCouncil Directory.