This technology automates retention programs by alerting the servicer ... Truework is saving lenders $100 on every VOI/E by connecting every major verification method into a single platform. With one-stop verification, you can verify income for 95% of ...

LOS to G/L Automation, MERS Audit, Broker Pricing, VOI/E, Serv. Retention Tools; Conventional Changes; Signing Bonus Drama

A councillor has called on the Department of Transport to introduce a Voi Electric Scooter scheme on Hayling Island.

Councillor urges government to bring Voi e-scooters to Hayling Island despite doubts from others

Introduction Businesses are constantly seeking innovative ways to enhance their operations, improve efficiency, and stay ahead of the competition. As a result, investments in Information Technology (IT) projects have become a norm rather than an exception.

From ROI to VOI: Shifting the Focus from Return on Investment to Value of Investment in IT Projects

JNMT is the only peer-reviewed publication dedicated to nuclear medicine technology. Published quarterly, each issue features continuing education articles written by leading educators in nuclear medicine technology as well as news and updates on practice ...

Published Ahead of Print

A line drawing of the Internet Archive headquarters building façade. An illustration of a magnifying glass. An illustration of a magnifying glass.

YOU ONLY YOU (Voi Solo Voi)

But technology now moves at a much faster pace. A museum’s task of protecting art in perpetuity has remained fixed, even as artists’ materials have changed. Art institutions are likely the ...

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LinkedIn to lay off hundreds of people amid broader restructuring Share on facebook (opens in new window) Share on twitter (opens in new window) Share on linkedin (opens in new window) Share on email (opens in new window) Review: It’s a bird. It’s a pl ...

Monday's technology stories

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Department for Science, Innovation and Technology

Get the most recent info and news about Voi Technology on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.

At Voi, we use innovation and creative thinking to design the solutions of tomorrow – today. By offering a radically new approach to urban mobility, we revolutionise the way people move around, for greener cities and healthier communities, fueled by passion. Our vision is a shift towards an urban mobility paradigm focused on community, inclusivity, environment and climate rather than individual car use. We aim for a tomorrow in which city dwellers live and move in a safe and healthy environment with less pollution, less noise and less stress. The future we see is a sustainable one where circularity is the norm and shared mobility the way to go. Where individuals, businesses and governments alike take responsibility and strive to reduce their climate impact, help to protect our planet and contribute to more liveable cities for all. — Since being established in 2018, Voi has grown into one of Europe’s leading micromobility companies. Our network now extends across the continent, and we take great pride in the creativity and diversity of our talented people, who drive our innovation and continued growth. Discover more at Voi.com.

Voi Technology

Hackernoon spoke to Johanna Hoof, co-founder of — a social audio network empowering the next generation of audio creators in web 3.0. Logcast HackerNoon Reporter: Please tell us briefly about your background. I’ve been lucky enough to spend my career working with two of my greatest passions — the creator economy and audio. Before co-founding Logcast, I spent 10 years working with some of Scandinavia’s fastest growing media and tech companies. Pushed by my excitement for sound innovation and the boom around podcasting, in 2018 I founded a production company focusing on podcasting where I was responsible for creating 20+ leading podcast shows in Europe. In a sentence or two, what does Logcast do? Logcast is a social audio network empowering the next generation of audio creators. With just one tap, users can record and publish short-form voice updates (known as “logs”). We see ourselves in the sweet spot between Spotify — who look after full length podcasts — and Clubhouse, which is about live talks and jump-ins. Logcast is in the middle, for people who don’t feel comfortable recording a longform podcast, but also don’t feel confident jumping into a live conversation. On Logcast, you can follow friends, build a community, and discover new voices through our data-driven recommendation engine. Soon, creators can offer their fans access to exclusive content and experiences through our fan-to-creator paywall feature. What is the origin story? Logcast was born in Stockholm — the home of sound innovation — in February 2020. Prior to starting Logcast, I was running my podcast production company here in Sweden, and was producing podcasts for some of the top music artists, influencers, celebrities, and brands across Europe. During my time producing podcasts, I discovered creators were desperate for an easier way to share their experiences, creative processes, and lives through voice content. They didn’t have time to go to a podcast studio, record it, edit it, and then wait for Spotify to get it live. They wanted an easy, instant, and more intimate way to communicate with their fanbase. While trying to find a more authentic and spontaneous way of sharing audio content, I developed a new short-form podcast format, called “logcasting”, in collaboration with the music artists, influencers, and podcasters I was working with. In early 2019, I began experimenting with this short-form content on existing podcast platforms and the format received huge traction — so it was decided that the concept would be developed into its own social audio network later that year. What do you love about your team, and why are you the ones to solve this problem? Logcast’s biggest unfair advantage is our team. In addition to the creator community ready for change was a group of supporters — some of the most influential names in entertainment, tech, and business. We paused and looked around at the people raising their hands to help and invited a few of them to jump in and share our journey. Our team is built up of super-humans with experience building their own consumer software companies and with experience working with the likes of MTV, Spotify, Ericsson, and Voi Technology. If you weren’t building Logcast, what would you be doing? My biggest interest aside from connecting people is the energy and life science industry. I’m investing my time in both fields, but if I didn’t throw everything at building Logcast I’m sure I would invest my resources into contributing there. Life extension, space, and quantum physics is my passion and if I didn’t also find a business opportunity to start a company in these areas, I’m sure I would explore a career path as a scientist or astronaut. At the moment, how do you measure success? What are your core metrics? Success for us is watching creators and their community love and engage in the app — loggers that first sign up for the tool, but stay for the community. We have celebrated over 40,000 minutes of audio being streamed on Logcast since the launch of our public beta in April 2021. The monthly minutes streamed is growing over time, in proportion to the growth rate of our user base. The percentage of daily unique users is also increasing over time, showing that users are spending more time engaging with the app the longer they are users. What’s most exciting about your traction to date? It’s been four months since we shipped the Logcast beta to the App Store in Sweden. Since then, we’ve had thousands of creators join our platform, millions of earned media impressions, and just last week, we were named as a nominee for Hackernoon’s Startup of the Year. But, beyond all the noise, here’s the number that really got us: 40,000. Since launching Logcast, our community has streamed over 40,000 minutes worth of content. We believe the world is hungry. Hungry for a new way to interact on the internet, hungry to get back to our roots. The internet was initially created as a place for us to be our true, authentic selves. But our world has gotten away from that. We have a chance to change this with Logcast, building a new way to share and connect, using the one thing that makes us truly human — language. What technologies are you currently most excited about, and most worried about? And why? At Logcast, we are obsessed with empowering creators in web 3.0 and are excited about the potential of blockchain technology for consumer social. We believe that cryptoeconomic models can lead to better monetisation and deeper engagement in creators’ businesses, where the ownership of data will truly give the power back to the producers on content. There will be a war between centralized and decentralized business models when it comes to use of data. We see big tech giants investing in artificial intelligence to direct users in directions incentivized by advertising opportunities, while new startups have the chance to favor community-funded projects. What drew you to get published on HackerNoon? What do you like most about our platform? We were excited to be nominated by Hackernoon as one of Stockholm’s top startups in 2021, we’ve always been big fans of this constructive and inclusive network for entrepreneurs. What advice would you give to the 21-year-old version of yourself? Don’t be like the rest of them. Crave growth rather than validation ..and invest all your money in crypto 😜. What is something surprising you've learned this year that your contemporaries would benefit from knowing? You cannot swim for new horizons until you have the courage to lose sight of the shore. You truly only see what you know, and what you don’t know, you don’t see. Know what you want. Feelings are emotions. What you focus on expands - do one thing really well. Vote for Logcast for Startup of the Year, Stockholm, Sweden

An Interview with Johanna Hoof, Co-Founder of Social Audio Network Logcast 

Imagine engaging in a thought-provoking conversation with an author, delving deep into the core ideas and exploring nuances often overlooked in summaries. BookNote.AI turns this scenario into reality, allowing you to grasp the essence of a book and decide if it’s worth your time. The Genesis of BookNote.AI At WebLab Technology, our team of AI-focused engineers is passionate about pushing the boundaries in fields such as Conversational AI, AI Agents, Reinforcement Learning, and Generative NLP. Beyond our tech pursuits, many of us are avid readers, ingrained with a love for books that shapes our daily routines. Our company’s “unlimited books” policy, affectionately known as “#bookworms,” allows every team member access to an extensive range of books, irrespective of their relevance to our work and available in any language. This policy has helped us build an impressive and diverse library, reflecting our belief that knowledge should have no boundaries. Amidst this culture of reading and innovation, the idea for BookNote.AI was conceived: What if we could harness our AI expertise to optimize the book discovery process? What if we could create a tool that not only helps find exciting reads but also facilitates deep, meaningful discussions about them? Thus, BookNote.AI was born — a platform designed to revolutionize how we interact with books, enabling a deeper connection with literature. What Sets BookNote.AI Apart? The traditional approach of reading books cover to cover can be daunting these days. Time is scarce whether you’re looking for an alternative to video reviews or tackling an ever-growing reading list. That’s where quick book summaries come in handy, distilling key ideas into concise overviews. They solve several critical pain points: Time Constraints: Modern life demands often leave little room for extensive reading. Summaries provide high-level insight without dedicating hours to reading entire books.
Information Overload: With an overwhelming number of books, it’s tough to choose which are truly worthwhile. Concise overviews help readers make informed selections.
Retention Issues: Even when books are read cover-to-cover, retaining every key point is difficult. Summaries serve as a refresher for understanding.
Optimal Decision-Making: For personal growth or professional development, grasping core book concepts can lead to better decisions and time saved. While services like GetAbstract, Blinkist, Instaread, Storyshots, and MakeHeadway condense book content, BookNote.AI takes it further by introducing an interactive, personalized reading experience. This allows deeper engagement where books can showcase their value firsthand — a unique approach other services can’t match. At its core, BookNote.AI provides the ability to quickly uncover profound insights from any book with the help of an AI assistant skilled in deepening and elevating discussions. For titles that cannot be legally indexed, we have prepared manually curated lists of booknotes and questions. The process is intuitive: Search and Select: Easily find your desired book on our intuitive search page.
Engage and Explore: Dive into interactive discussions about the book with our AI assistant.
Learn and Leap: Quickly grasp key ideas, improving your understanding and saving time. Interactivity and Personalization: A New Approach to Engaging with Books As we’ve mentioned before, BookNote.AI is designed to transform how you interact with books, offering a personalized and immersive experience that transcends simple summaries. Powered by AI, this platform enables you to engage in a dynamic dialogue with the book, allowing you to discover its core themes, ideas, and references. Let the book interest you through interactive communication Unlike static annotations, our platform supports specific questions and two-way dialogue, leading to a deeper understanding of a book’s content and themes. It’s similar to having a conversation with the author themselves. You are placed within the context of a particular book, allowing you to explore it as thoroughly as you need. At the same time, **BookNote.AI **makes it easier to share your reading journey with others. Often, we want to discuss what we’ve read or what we’ve learned, and we wish we could capture every thought. Unfortunately, it’s nearly impossible to convey every detail. Our team has improved this by allowing users to share their interactions with the AI, highlight specific moments, and show how their conversations about the book progressed. A peek behind the curtain: How does BookNote.AI work? At the heart of BookNote.AI is an AI assistant, carefully trained to read and analyze books. This assistant is the centerpiece of our platform, possessing a remarkable ability to analyze and interpret text. When you start chatting with the AI about a book, our LLM-based AI assistant becomes your guide, using advanced natural language processing and text summarization techniques. It explains the main ideas and themes of the text and can adjust its responses to any requested style. For example, if you ask it to explain an idea from a book as if to a 5-year-old, it will present the answer in that exact format. You transition from being a passive observer to an active participant in the dialogue with the book. You determine how the AI should present the book’s context to you and in what way. Rest assured, we plan to reveal the workings of our solution in upcoming articles. We will focus on examining specific components, highlighting their functions and details. Additionally, we may consider making our solution open-source when we believe it is ready to be shared with the community. WebLab Technology, a leading B2B SaaS company, boasts over 10 years of experience in assembling dedicated teams for complex projects. Led by Oleksandr Knyga, our team started active work with AI in 2019, tackling classical heuristic optimization problems and computer vision projects. Specializing in technologies such as AI, Cloud, and SaaS, we have established a reputation for delivering innovative and efficient solutions for our clients, including Shaman, AstraZeneca, Bryj, and Emaar Properties. Imagine engaging in a thought-provoking conversation with an author, delving deep into the core ideas and exploring nuances often overlooked in summaries. BookNote.AI turns this scenario into reality, allowing you to grasp the essence of a book and decide if it’s worth your time. BookNote.AI BookNote.AI The Genesis of BookNote.AI At WebLab Technology , our team of AI-focused engineers is passionate about pushing the boundaries in fields such as Conversational AI, AI Agents, Reinforcement Learning, and Generative NLP . Beyond our tech pursuits, many of us are avid readers, ingrained with a love for books that shapes our daily routines. WebLab Technology WebLab Technology Conversational AI, AI Agents, Reinforcement Learning, and Generative NLP Our company’s “unlimited books” policy, affectionately known as “ #bookworms, ” allows every team member access to an extensive range of books, irrespective of their relevance to our work and available in any language. This policy has helped us build an impressive and diverse library, reflecting our belief that knowledge should have no boundaries. #bookworms, #bookworms, Amidst this culture of reading and innovation, the idea for BookNote.AI was conceived: What if we could harness our AI expertise to optimize the book discovery process? What if we could create a tool that not only helps find exciting reads but also facilitates deep, meaningful discussions about them? BookNote.AI Thus, BookNote.AI was born — a platform designed to revolutionize how we interact with books, enabling a deeper connection with literature. BookNote.AI BookNote.AI What Sets BookNote.AI Apart? The traditional approach of reading books cover to cover can be daunting these days. Time is scarce whether you’re looking for an alternative to video reviews or tackling an ever-growing reading list. That’s where quick book summaries come in handy, distilling key ideas into concise overviews. They solve several critical pain points: Time Constraints: Modern life demands often leave little room for extensive reading. Summaries provide high-level insight without dedicating hours to reading entire books. Information Overload: With an overwhelming number of books, it’s tough to choose which are truly worthwhile. Concise overviews help readers make informed selections. Retention Issues: Even when books are read cover-to-cover, retaining every key point is difficult. Summaries serve as a refresher for understanding. Optimal Decision-Making: For personal growth or professional development, grasping core book concepts can lead to better decisions and time saved. Time Constraints: Modern life demands often leave little room for extensive reading. Summaries provide high-level insight without dedicating hours to reading entire books. Time Constraints: Information Overload: With an overwhelming number of books, it’s tough to choose which are truly worthwhile. Concise overviews help readers make informed selections. Information Overload: Retention Issues: Even when books are read cover-to-cover, retaining every key point is difficult. Summaries serve as a refresher for understanding. Retention Issues: Optimal Decision-Making: For personal growth or professional development, grasping core book concepts can lead to better decisions and time saved. Optimal Decision-Making: While services like GetAbstract, Blinkist, Instaread , Storyshots , and MakeHeadway condense book content, BookNote.AI takes it further by introducing an interactive, personalized reading experience. This allows deeper engagement where books can showcase their value firsthand — a unique approach other services can’t match. GetAbstract, GetAbstract, Blinkist, Blinkist, Instaread Instaread Storyshots Storyshots MakeHeadway MakeHeadway At its core, BookNote.AI provides the ability to quickly uncover profound insights from any book with the help of an AI assistant skilled in deepening and elevating discussions. For titles that cannot be legally indexed, we have prepared manually curated lists of booknotes and questions. BookNote.AI BookNote.AI The process is intuitive: Search and Select: Easily find your desired book on our intuitive search page. Engage and Explore: Dive into interactive discussions about the book with our AI assistant. Learn and Leap: Quickly grasp key ideas, improving your understanding and saving time. Search and Select: Easily find your desired book on our intuitive search page. Search and Select: Engage and Explore : Dive into interactive discussions about the book with our AI assistant. Engage and Explore Learn and Leap: Quickly grasp key ideas, improving your understanding and saving time. Learn and Leap: Interactivity and Personalization: A New Approach to Engaging with Books As we’ve mentioned before, BookNote.AI is designed to transform how you interact with books, offering a personalized and immersive experience that transcends simple summaries. Powered by AI, this platform enables you to engage in a dynamic dialogue with the book, allowing you to discover its core themes, ideas, and references. BookNote.AI BookNote.AI Let the book interest you through interactive communication Unlike static annotations, our platform supports specific questions and two-way dialogue, leading to a deeper understanding of a book’s content and themes. It’s similar to having a conversation with the author themselves. You are placed within the context of a particular book, allowing you to explore it as thoroughly as you need. At the same time, ** BookNote.AI **makes it easier to share your reading journey with others. Often, we want to discuss what we’ve read or what we’ve learned, and we wish we could capture every thought. Unfortunately, it’s nearly impossible to convey every detail. Our team has improved this by allowing users to share their interactions with the AI, highlight specific moments, and show how their conversations about the book progressed. BookNote.AI BookNote.AI A peek behind the curtain: How does BookNote.AI work? At the heart of BookNote.AI is an AI assistant, carefully trained to read and analyze books. This assistant is the centerpiece of our platform, possessing a remarkable ability to analyze and interpret text. BookNote.AI BookNote.AI When you start chatting with the AI about a book, our LLM-based AI assistant becomes your guide, using advanced natural language processing and text summarization techniques. It explains the main ideas and themes of the text and can adjust its responses to any requested style. For example, if you ask it to explain an idea from a book as if to a 5-year-old, it will present the answer in that exact format. You transition from being a passive observer to an active participant in the dialogue with the book. You determine how the AI should present the book’s context to you and in what way. Rest assured, we plan to reveal the workings of our solution in upcoming articles. We will focus on examining specific components, highlighting their functions and details. Additionally, we may consider making our solution open-source when we believe it is ready to be shared with the community. WebLab Technology , a leading B2B SaaS company, boasts over 10 years of experience in assembling dedicated teams for complex projects. Led by Oleksandr Knyga , our team started active work with AI in 2019, tackling classical heuristic optimization problems and computer vision projects. Specializing in technologies such as AI, Cloud, and SaaS, we have established a reputation for delivering innovative and efficient solutions for our clients, including Shaman , AstraZeneca , Bryj , and Emaar Properties. WebLab Technology WebLab Technology WebLab Technology Oleksandr Knyga Oleksandr Knyga AI, Cloud, and SaaS, Shaman Shaman AstraZeneca AstraZeneca Bryj Bryj Emaar Properties. Emaar Properties.

Transforming the Reading Experience with BookNote.AI by WebLab Technology

WebLab প্রযুক্তির দ্বারা BookNote.AI-এর মাধ্যমে পড়ার অভিজ্ঞতার রূপান্তর

Das Leseerlebnis verändern mit BookNote.AI von WebLab Technology

Transformando la experiencia de lectura con BookNote.AI de WebLab Technology

Transformer l'expérience de lecture avec BookNote.AI par WebLab Technology

वेबलैब टेक्नोलॉजी द्वारा BookNote.AI के साथ पठन अनुभव में परिवर्तन

WebLab Technology の BookNote.AI で読書体験を変革

WebLab 기술을 통해 BookNote.AI로 독서 경험을 혁신하다

Transformando a experiência de leitura com BookNote.AI da WebLab Technology

Преобразование опыта чтения с помощью BookNote.AI от WebLab Technology

WebLab Technology'nin BookNote.AI ile Okuma Deneyimini Dönüştürüyor

Chuyển đổi trải nghiệm đọc với BookNote.AI của WebLab Technology

WebLab Technology 推出 BookNote.AI 改变阅读体验

HackerNoon launches our long-awaited offering: Technology Press Releases with HackerNoon! You can now leverage HackerNoon’s distribution engine to share your press releases! Leveraging prominent onsite and newsletter distribution, owned and paid social media, traditional media press release pickup, and machine learning-generated translations, HackerNoon now averages 5k readers per press release. Visit our Technology Press Releases home page to learn more. The introductory prices start at $750 per release, and bulk discounts are available. There is no expiration date for your Press Release credits. Avail the Introductory Pricing for Your Press Release Now. Why Publish Your Company’s Technology Press Releases with HackerNoon? Great question. Here are not one but 8 reasons why: Technical Achievements Are Best Hosted with a Technical Audience HackerNoon is the go-to tech news and learning platform for millions of technologists. Our library of 100k+ technology stories attracts 3M+ monthly visitors. See below the data gathered from 1k+ job titles entered via HackerNoon.com in Q1 2024. Accessibility: Translated into 12 Languages, 2 Audio Files, and Backed Up on the Blockchain HackerNoon makes content more accessible to increase audience size. Via machine learning models from OpenAI, Google, & others, we translate your story into 12+ languages, 2 audio files and back it up on the Arweave blockchain for good measure. Distribution Across HackerNoon and Around the Web Via owned and paid social media, traditional media like press releases, machine learning generated translations, and the creation and distribution of the audio story, HackerNoon maximizes technology readership. Creating an Average of 5k Readers Per Press Release We’ve used the traditional press release services, and they usually get just a couple hundred readers per story. Sometimes even less. When you publish your technology press release on HackerNoon, you should expect ~5k readers. Republished on the Wire to 100+ Traditional Media Sites Just like the traditional press release wire services, we put your story on the wire. You should expect your technology press release to be re-published to ~100 more sites, such as Benzinga, Digital Journal, Yahoo Finance, and The AP. Prominent Distribution Across the HackerNoon Site, App, and Newsletter Technology Press Releases on HackerNoon are featured on the Homepage, the Category Page, 8 Tagged Pages, 12 Translation Homepages, the Mobile App, the Terminal App, the Lite Version, and the Noonification Newsletters (250k+ subscribers). Easy Content Uploading and Formatting with Staff Support We hate how difficult it is to upload content to archaic press release distribution services. The HackerNoon uploader and story editor are smooth AF. We also accept your submissions via unlisted link like Google doc or even a URL like your pressroom. 1 Business Day Turnaround Time (TAT) and Professional Editorial Support Technology press releases are timely content. Our editorial and support staff guarantee one business day turnaround time. HackerNoon is here to make sure your story gets distributed on time. Book a meeting with us to learn how Octopus Network, KucCoin Community Chain, Avalanche, ICON Foundation, and other tech companies publish their press releases with HackerNoon. HackerNoon launches our long-awaited offering: Technology Press Releases with HackerNoon! You can now leverage HackerNoon’s distribution engine to share your press releases! Leveraging prominent onsite and newsletter distribution, owned and paid social media, traditional media press release pickup, and machine learning-generated translations, HackerNoon now averages 5k readers per press release. Visit our Technology Press Releases home page to learn more. Technology Press Releases home page The introductory prices start at $750 per release , and bulk discounts are available. There is no expiration date for your Press Release credits. $750 per release Avail the Introductory Pricing for Your Press Release Now. Avail the Introductory Pricing for Your Press Release Now. Avail the Introductory Pricing for Your Press Release Now. Why Publish Your Company’s Technology Press Releases with HackerNoon? Great question. Here are not one but 8 reasons why: Technical Achievements Are Best Hosted with a Technical Audience HackerNoon is the go-to tech news and learning platform for millions of technologists. Our library of 100k+ technology stories attracts 3M+ monthly visitors. See below the data gathered from 1k+ job titles entered via HackerNoon.com in Q1 2024. HackerNoon.com Accessibility: Translated into 12 Languages, 2 Audio Files, and Backed Up on the Blockchain HackerNoon makes content more accessible to increase audience size. Via machine learning models from OpenAI, Google, & others, we translate your story into 12+ languages, 2 audio files and back it up on the Arweave blockchain for good measure. Distribution Across HackerNoon and Around the Web Via owned and paid social media, traditional media like press releases, machine learning generated translations, and the creation and distribution of the audio story, HackerNoon maximizes technology readership. Creating an Average of 5k Readers Per Press Release We’ve used the traditional press release services, and they usually get just a couple hundred readers per story. Sometimes even less. When you publish your technology press release on HackerNoon, you should expect ~5k readers. Republished on the Wire to 100+ Traditional Media Sites Just like the traditional press release wire services, we put your story on the wire. You should expect your technology press release to be re-published to ~100 more sites, such as Benzinga, Digital Journal, Yahoo Finance, and The AP. Prominent Distribution Across the HackerNoon Site, App, and Newsletter Technology Press Releases on HackerNoon are featured on the Homepage, the Category Page, 8 Tagged Pages, 12 Translation Homepages, the Mobile App, the Terminal App, the Lite Version, and the Noonification Newsletters (250k+ subscribers). Easy Content Uploading and Formatting with Staff Support We hate how difficult it is to upload content to archaic press release distribution services. The HackerNoon uploader and story editor are smooth AF. We also accept your submissions via unlisted link like Google doc or even a URL like your pressroom. 1 Business Day Turnaround Time (TAT) and Professional Editorial Support Technology press releases are timely content. Our editorial and support staff guarantee one business day turnaround time. HackerNoon is here to make sure your story gets distributed on time. Book a meeting with us to learn how Octopus Network , KucCoin Community Chain , Avalanche, ICON Foundation , and other tech companies publish their press releases with HackerNoon. Book a meeting with us Book a meeting with us Octopus Network Octopus Network KucCoin Community Chain KucCoin Community Chain ICON Foundation ICON Foundation

Publish Your Next Technology Press Release with HackerNoon

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The development of digital technology was an innovative breakthrough at the intersection of finance, which was the foundation for the creation of and cryptocurrencies. Recently, many crypto-industry experts talk and argue about cryptocurrencies, but often overlook the fact that the phenomenon of cryptocurrencies and blockchain technology has demonstrated many new possibilities in finance, one of which is the Central Bank Digital Currency (CBDC). blockchain technology This article will shed some light on what CBDCs are and what role they play today. In addition, we will look at the essential advantages and significant disadvantages of this technology and find out which countries are developing CBDCs today and their practical implementation chances. Ultimately, you will learn what the future holds for CBDC technology. KEY TAKEAWAYS CBDC is a third form of state money, a digital form of the national currency denominated in the national monetary unit and serving as a means of payment and account measures to regulate the exchange of value and preserve value. On the one hand, CBDCs can reduce the issue of national currency and the level of dollarization in the world, but on the other hand, carries the risk of cybercrime. It is assumed that the introduction of CBDC will help improve the financial stability of financial institutions and payment systems, which will completely transform the existing economic structure. What is CBDC and What Role Does it Play Today? , or Central Bank Digital Currency, is a financial instrument that continues the development of cryptocurrency and blockchain technology with some limitations and is intended for implementation in the state economic system. This digital currency is an alternative version of the paper and non-cash money in the territory of a state. Among other things, it serves as a measure of value, accumulation, and payment system. CBDC There are many applications for central banks (CBs) to use blockchain technology in their operations, from optimizing the settlement of securities markets to issuing bonds and managing cash flow. However, one of the key applications of distributed ledger technology for central banks is the issuance of central bank digital currencies, which can be used in both national retail and cross border payments. The issuance of involves the modernization of existing technologies of providing central bank settlement and payment services, as the introduction of a new form of money into international monetary system circulation, leading to increased efficiency in the functioning of modern financial systems. CBDCs The widespread introduction of central bank digital currency may lead not only to global changes in payment, clearing, and settlement mechanisms but also affect the composition of the monetary base and the structure of the money supply, change the functions of commercial banks, and the competencies of central banks in the financial and payment systems, and have to influence the conduct of monetary and macroprudential policies. Important Advantages and Significant Disadvantages of CBDC Technology CBDC, like any other technology, has its advantages and disadvantages, as well as many distinctive features that allow it to gain confidence from different states already engaged in creating the digital analogs of their national currencies. Being a digital form of the national currency of a single state, CBDC technology is designed to improve the financial system due to the following advantages. Advantages of CBCD Technology Let's start by looking at the merits of the technology, which is intended to change the idea of what digital money is. Reducing the Number of Banknotes in Circulation Today, every country in the world has its own currency, which is used for mutual settlements between states, companies, and even ordinary citizens. The state of each country independently calculates the amount of currency to be issued and, in accordance with certain criteria, regulates this volume. Introducing CBDCs into the economy will help to significantly reduce the amount of paper money in circulation and eventually completely replace cash with digital money. Decreasing Dollarization of the World Economy The U.S. dollar today is the strongest and most widespread currency in the world, used to pay for all kinds of services and goods and for cross-border transfers. Such massive use and stability of the dollar are due to the historical crisis of many countries that could not pay their obligations in local currency. CBDCs will help to reduce the involvement of the dollar for mutual settlements, as other countries in the world will have the opportunity to strengthen their currency, which will be more reliable and stable in digital form . Financial Stability CBCDs, by their nature, are a digital alternative to existing fiat currencies, many of which are so resistant to various financial crises that they almost always object to investing and saving capital, indicating that they are financially stable regardless of the political or economic situations in the world. Moreover, unlike Bitcoin, the issue of central bank money has no restrictions, which creates the preconditions for their use as a reliable tool for insurance, investment, and risk hedging. Disadvantages of CBCD Technology Now let's look at a few significant weaknesses of CBDCs. Capital Outflow from the Banking Sector Being a highly liquid and risk-free asset, the new currency may begin to compete with deposits in large, systemically important commercial banks. These banks are positioned as the most stable and, therefore, can offer relatively low deposit rates. With near-zero nominal interest rates, even if no interest is paid on the central bank’s digital currency, hypothetical CBDCs could become an alternative to many fixed-income investments and thus make the central banks a competitor to commercial banks in terms of attracting liabilities. Cybersecurity Risks Cybercrime has become a massive problem with the advent of distributed ledger technology. Today, many areas of development of this concept are going through difficult times because attackers have come up with new ways to hack and deceive investors to get tokens, crypto assets, or other financial instruments. Unfortunately, CBDCs are no exception and cannot guarantee 100% safety of funds in either the public or private sector, at least at the moment. Novelty Technology Even though the economic progress of many countries is moving rapidly towards a complete transformation of the financial system, particularly in the public and banking sectors, the economic situation of many countries leaves much to be desired. It does not allow the creation of the infrastructure for implementing the launch and maintenance of CBDC technology. This can become a stumbling block on the way to digitalizing the economy and mutual settlements between financial institutions. CBDC vs. Cryptocurrencies: Which Technology Will Dominate the Future? Conducting a comparative analysis between cryptocurrency assets and CBDCs, we can conclude that these two technologies are very similar, but they are designed to perform completely different tasks. The main difference between CBDC and cryptocurrencies is centralization. CBDC operates under the supervision of a single supervisory authority. That is, the central bank controls its issuance and circulation. Meanwhile, cryptocurrency does not fall under the direct influence of financial regulators. If cryptocurrency uses consensus algorithms to validate transactions, CBDC does not need a blockchain to work effectively because the central bank will validate transactions. CBDC is a new payment instrument characterized by absolute centralization, closed (we cannot see all transactions in the blockchain, only the Central Bank), and a lack of anonymity. Cryptocurrencies are the opposite of CBDC because it is characterized by decentralization, transparency, and anonymity. Moreover, CBDCs still need to solve the main problem of fiat money – inflation. The issuance of new units of CBDC, just as with traditional fiat, is fully controlled by the central bank. That means no halving and burning of tokens, no impartial smart contracts. Thus, CBDC is not a competitor for cryptocurrencies, and it cannot be unequivocally stated that central bank money will be able to displace cryptocurrencies anytime soon. The reason for this is straightforward – cryptocurrency exists in a different plane – a parallel financial, non-state system and is completely decentralized. It can be assumed that the CBDC technology will not only not be able to force crypto assets out of the financial system but also will increase financial inclusion, becoming a catalyst for even stronger development of the crypto market and the influx of even more new users who are not ready to accept the total control of the central bank of the country. FAST FACT According to the as of 2023, 20 countries in the world are actively developing CBDC and are going to introduce the technology into their financial system soon. research Which Countries are Developing CBDCs and What are the Chances of Practical Implementation? CBDC today is a new, immature concept, the mere expediency of which is still debated among experts in both the crypto industry and other financial fields. Many rightly believe that the elaboration and implementation of CBDC are extremely premature. Others argue that this technology will become a life jacket for the global economy, especially in times of crisis. However, there are already countries today that are actively developing their own CBDC infrastructure in order to keep pace with progress. Below is a list of some of the most ambitious of them. Bahamas In October 2020, was issued by the Central Bank of the Bahamas. It was the first nationwide CBDC in the world. In the Bahamas, part of the population cannot access financial services because it is unprofitable for commercial entities to operate in all areas, partly due to the country's geography, which is divided into many islands. Consequently, an estimated 20 percent of the population still needs a bank account. The Sand Dollar The Sand Dollar is supposed to help improve financial inclusion and strengthen protection against money laundering and illicit economic activity. CBDC users must go through the Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance processes. Nigeria Nigeria became the first African country to launch a CBDC last October. is stored in a digital wallet and can be used for contactless payments in stores, as well as for transferring money. By the end of January 2021, almost 700,000 users had downloaded the eNaira wallet. eNaira China China became the first major economy in the world to try out digital currency in April 2020. The People's Bank of China aims for widespread domestic use of the , or digital yuan, and aims to completely transform the economy through digital assets. According to the IMF, China now has more than a hundred million individual active users transacting in the billion-dollar range. e-CNY Jamaica On August 9, 2021, the Central Bank of Jamaica began issuing its CBDC, the Jamaica Digital Exchange, or . The Jamaican government considers the accelerated transition to a digital society and economy vital to the development of the economy. Also, the state government has stated that the expected benefits of the CBDC include increased financial inclusion, as it will provide another, more easily accessible means of making payments and moving away from financial intermediaries. Jam-Dex Uruguay The Central Bank of Uruguay has launched a pilot project to introduce a national digital currency called . An official statement from the country's central bank stresses that the digital peso will be regulated similarly to the ordinary Uruguayan peso, but will have technological support. e-Peso CBDC Prospects in the Near Future From a theoretical point of view, the emergence of central bank digital currencies can be justified by the key provisions of credit monetary theory and the state theory of money. The need for the evolution of fiat money in general and central bank money, in particular, is determined not only by socio-economic processes associated with the adaptation of modern monetary forms to the changing needs of economic agents but also by the need for the state to maintain control over the issuance of money. Although the introduction of central bank digital currencies does not lead to the transformation of the modern fiduciary monetary system, it symbolizes a new stage in the development of fiat money. For the first time in economic history, universal central bank money, one of modern money's basic components, is digitized. In this regard, the emergence of a new form of money is no less significant than the evolution of their types. The main motives that drive central banks to implement digital currencies for settlements are to increase the efficiency of cross-border payments and improve trade finance tools and capital market settlements. The security and efficiency of retail payments, as well as financial inclusion, are critical reasons for central banks to introduce digital currencies into the future economic system. On the other hand, factors such as maintaining financial stability, maintaining monetary sovereignty, and de-dollarization of the economy also play an essential role in determining the future of CBDC. Conclusion Undoubtedly, the implementation and practical application of CBDC will contribute to the elaboration of mobility and transparency of the settlement system of each country in the world, facilitate mutual settlement processes, as well as allow for investment cooperation. On the other hand, the introduction of CBDC technology will undoubtedly stimulate the development of fintech and increase competition between technologically advanced banks and other financial institutions.

CBDC vs. Cryptocurrencies: Which Technology Will Dominate the Future?

CBDC vs. criptomonedas: ¿Qué tecnología dominará el futuro?

CBDC contre crypto-monnaies : quelle technologie dominera l'avenir ?

CBDC बनाम क्रिप्टोकरेंसी: कौन सी तकनीक भविष्य पर हावी होगी?

CBDC vs. 暗号通貨: 未来を支配するテクノロジーは?

CBDC vs. Criptomoedas: qual tecnologia dominará o futuro?

CBDC so với tiền điện tử: Công nghệ nào sẽ thống trị tương lai?

CBDC 与加密货币：哪种技术将主导未来？

Blockchain technology in a centralized world Blockchain technology is an underlying pillar that will inevitably support the future of both our digital and virtual worlds. The blockchain has many potential applications beyond digital currency – however, recent crypto scandals (Luna, FTX) have shone a negative light on this emerging market, but everybody knows that those scandals ultimately have a common denominator: centralization. Which is the opposite of blockchain technology. Remember, at its core innovation, offers the decentralization of trust – helping disrupt intermediaries, distributing power, and reducing total dependence on authority. blockchain Much like a database, the blockchain allows a way to create a permanent record of transparent transactions that can be quickly verified and updated. Think of it as a line of dominoes; once created, the records in any given block cannot be changed without changing all subsequent blocks throughout the chain – practically removing any possibility for fraud or tampering. From decentralization to centralization The internet was originally designed to be decentralized, with each node on the network connecting to every other node. This meant that if one node went down, the rest of the network would continue to function. Original protocols like IP, HTTP, FTP, SMTP, and XMPP all have open-source implementations – allowing anyone to host servers, share files, run websites and provide email services. The building blocks of the internet are meant to be decentralized and distributed – however, as time went on, the internet became more centralized. This was because it became easier to manage and organize a network if there were fewer nodes involved – resulting in a state whereby most of the internet’s resources are now provided by centralized corporations. This inevitably created an issue; if one part of the network goes down, it can affect all of it. One example of this is when Amazon Web Services (AWS) experienced an outage in February 2019. The single point of failure (SPOF) outage affected sites like Netflix and Slack as well as many smaller companies that rely on AWS for their cloud computing needs. This highlights one of the major problems concerning a centralized framework; services like Facebook and Google have become indispensable to millions of users yet are often susceptible to numerous attacks – emphasizing the importance of a decentralized framework for the future of the internet. Problems with over-centralization There are many individuals that may wrongly associate decentralization with democracy – however, the democracy of today is more centralized than many perceive. Concepts are reduced to black and white, and good and bad – yet the reality is murky, filled with grey areas and uncertainty. Centralization is not inherently evil, over-centralization is; continued cycles of reconcentrated power amongst the few will eventually lead to a system collapse. Fundamentally, resulting in a broken system. Equally, over-decentralization is as much a problem as over-centralization – with blockchain technology acting as a mediator between these two extremes. From issues concerning control over personal data, a lack of access to content provided by social media, and SPOF outages, there is no denying the limitations of a centralized internet. With balance being found in leaning towards a more decentralized framework of what we currently experience, many problems can be solved. Will crypto play a role in the re-decentralization of the internet? Many of the online services we currently see today act as a double-edged sword; we see both a free plan and a paid plan. Naturally, the free plan is more attractive – yet individuals are paying for this ‘free’ service by providing copious amounts of information to these companies. Before realizing, through our data, we have become the product. Either through direct payments to a company or indirectly through our data and advertisements – their services will have a cost. This is not shocking news; it is evident that companies need something in return for providing a service. However, in the capitalist system that we currently have, everything starts and ends with money. Concerning this, without decentralized money transfer, it would be impossible for decentralized services to compete in terms of scale, efficiency, and traction. Thus, presenting one of the first roles of blockchain technology – creating an internet of value. Cryptocurrencies will most definitely play a major role in the evolution of the internet as we know it. What is DeepSquare doing to foster this vision? Decentralizing the Internet is a massive task. Many fabulous projects are working to make this true, for example, and . In this world, DeepSquare is creating the first sustainable, decentralized cloud ecosystem to enable high-performance computing. Filecoin Storj Powered by a blockchain-revolutionary digital ecosystem that DeepSquare is creating is sure to take the world by storm; as a non-profit organization that has a strong focus on transparency, fair pricing, sustainability, and of course, a cloud ecosystem that can also support Web applications and Web 3.0 dApps – we can expect DeepSquare to be a major player in the mainstream adoption of this new infrastructure. In a world where centralization has become the norm across many aspects of life, many issues reside, especially concerning the internet. Through blockchain technology, DeepSquare is solving these issues in a decentralized fashion. This will majorly impact all industries, from healthcare to real estate. There is little doubt in the importance of decentralization when concerning high-performance cloud computing. DeepSquare has all the tools to address the issues of today’s centralized internet – helping evolve both our digital and virtual worlds to the point that it will create a much more vibrant ecosystem when compared to the centralized monolithic giants. This article was co-authored by DeepSquare founders Florin Dzeladini and Diarmuid Daltun.

Solving Centralization Issues With Decentralized Technology 

Resolución de problemas de centralización con tecnología descentralizada

Résoudre les problèmes de centralisation avec la technologie décentralisée

विकेंद्रीकृत प्रौद्योगिकी के साथ केंद्रीकरण के मुद्दों को हल करना

分散型テクノロジーによる集中化の問題の解決

Resolvendo problemas de centralização com tecnologia descentralizada

Giải quyết các vấn đề tập trung với công nghệ phi tập trung

用去中心化技术解决中心化问题

Technology tends to get a bad rep when it comes to mental health issues. According to , at-risk adolescents experience more conduct problems and higher ADHD symptoms when they exceed their normal use of technology. However, if technology is the problem, can it also be the solution? research Oh yes, it can. And it should be. (Considering the fact that there’s no hiding from tech anyway). Mental Health Technology: Then. Now. Future Over the last few years, technology for assessing, monitoring, and managing mental health issues has swiftly taken. Many anticipate that if technology continues to advance quickly, it will offer creative answers to the myriad problems that mental health services currently confront. The COVID-19 epidemic and the ensuing rise in public exposure to remote healthcare technologies have expedited the shift toward new contactless kinds of mental health support. According to , global spending on mental health technology has grown twofold since 2019 - from $203 million in 2019 to $491 million in 2022. Why? Let’s look at the health statistics. Deloitte Against the backdrop of global turbulence and economic crises, we, humans, are facing a looming global mental health crisis - the biggest we have ever had. In the US alone, almost adults live with a mental illness. 53 million Mental health disorders in adolescents are at an all-time high as well. 10-19-year-olds experiences a diagnosable mental disorder, which translates into 13% of the global burden of disease in this age group. The leading triggers of illnesses are reported to be depression, anxiety, and behavioral disorders. one in seven It’s estimated the global , including both direct and indirect costs. And it’s now clear that the old ways of diagnosing and managing mental illnesses do no work. cost of this crisis will reach USD 16 trillion by 2030 Why traditional mental health treatment doesn’t suffice Statistics demonstrate that of people with mental illnesses in England may not get access to the treatment they need. In the US, this number is lower, yet still significant - a total of people do not receive the treatment. And there are some tangible reasons behind this downward tendency. 75% 27 million Stigma Be it ignorance, misinformation, or personal issues, the stigma around mental illnesses is still strong. Moreover, individuals may experience self-stigma which includes internalized shame about having a condition. As a result, people are too afraid to get therapy and come out about a mental illness. How technology can help: mobile applications can reduce stigma by providing easy-to-access information about mental illness that helps prevent discrimination and encourage more acceptance. Moreover, virtual treatment is more anonymous than physical appointments so clients can seek treatment options without involving other people. Accessibility of healthcare services Sufficient and high-quality healthcare helps individuals overcome their health challenges, especially when it comes to mental health. However, of individuals report at least one barrier to healthcare access. High costs account for over 13% of missed treatments. over 95% How technology can help: although digital care isn’t enough to treat severe mental health conditions, it can still complement traditional psychological counseling (psychotherapy) to control symptoms. Moreover, telehealth can eliminate structural barriers to getting online psychiatry and therapy. Thus, digital healthcare solutions such as BetterHelp or Amwell have proven to be as as in-person therapy, and come at lower costs. effective Scarcity of mental health services In 2022, the healthcare industry is experiencing a growing psychiatrist shortage. Thus, the dearth of mental health professionals has affected people. According to analysts, between 14,280 and 31,109 psychiatrists will be needed in the nation within a few years. Geographical constraints also prevent people from seeking treatment. over 150 million How technology can hel p: digital health helps reach people that live in rural areas and provide access to a larger pool of professionals, bypassing geographic boundaries. Emerging technologies in mental health Now that we have reinforced the importance of technology in improving mental health services, let’s see what kind of technology can help bridge the gap. The range of digital health solutions is immense - from wearables and symptom checkers to IoT and virtual counseling. I’ll flesh out the basics of the most widespread tech pieces in the area. Mobile apps Even if individuals living with mental disorders around the globe lack access to mental health care, they’re most likely to have access to a mobile phone. The global mental health apps market size stood at in 2021 and is projected to grow at a CAGR of 16.5% from 2022 to 2030. $4.2 billion Smartphone apps can offer flexible 24/7 support, based on individuals’ lifestyles and needs. Some apps are designed to help manage specific symptoms such as anxiety or depression. They can also give users reminders so that individuals don't forget to take medication or record how they're feeling each day. Our team had a chance to build a mental health application that helps patients connect with counselors and therapists based on their specialty and state. The The also includes telehealth features that allow patients and therapists to communicate with each other. Around of clients have found the app to be as effective as traditional therapy. Calmerry app 88% Predictive analytics Experts tend to talk about artificial intelligence as a silver bullet for all problems. And there’s something to it. Its unprecedented capability to analyze mounds of data, discern hidden patterns, and generate predictions bodes well for mental health as well. Enter digital phenotyping. Digital phenotyping is the use of digital devices to measure and track an individual’s physiological and behavioral data. This data can be used to infer information about the individual’s health, well-being, and risk for certain diseases. Clinicians can also monitor treatment adherence and response in psychiatric patients. was among the first to employ predictive analytics to identify users with severe depression. Facebook Predictive analytics can also be used to make predictions about the likelihood of developing a mental health condition or possible clinical outcomes. Thus, developed a tool that identifies individuals likely to require crisis services such as A&E, community mental health crisis services, or inpatient care. Healthcare Financial Management Association Immersive technologies Immersive technologies are becoming increasingly popular, with a wide range of applications in gaming, entertainment, and education. But immersive technologies are also being used in more unexpected ways, such as in the treatment of mental health conditions. Virtual reality (VR) and augmented reality (AR) are being used to help people with anxiety, PTSD, and other conditions. These technologies can be used to create experiences that are calming or therapeutic, and studies have shown that they can be effective in treating mental health conditions. The thegameChange by Freeman had 346 participants, making it the biggest VR treatment trial for a mental health problem to date. The researchers discovered that their immersive strategy lessened the anxiety and discomfort brought on by commonplace circumstances and that automated VR therapy was especially helpful for people with severe agoraphobia. study Prescription video games Excessive gaming is often associated with having a detrimental effect on mental health. However, ADHD video game treatment has proven to improve attention function in children 8‑12. Yet, it can only be used as a supplemental tool and cannot substitute for medication. As of today, there is only one therapeutic game approved by the FDA and that’s . EndeavorRX The game was created in collaboration with neuroscientists and is intended to improve and stimulate regions of the brain that are crucial for the function of attention. The purpose is to teach a child with ADHD to better multitask and ignore distractions. A computer algorithm monitors the player's progress and adjusts the game's difficulty as needed. Digital pills This sci-fi technology refers to a pharmaceutical dosage with an ingestible sensor inside. The pill is designed to improve medication adherence and inform the user whenever they need to take their medication. These sensors use Bluetooth to transmit and are activated in the stomach by pH variations. Although the concept looks interesting, digital pills haven’t stirred much enthusiasm due to privacy and logistical concerns. However, the etectRx™ company managed to get FDA approval for its flagship product, . It includes a wearable reader for recording events that are signalled by ingesting the ID-Tag, an ingestible sensor, from the ID-Capsule. The ID-Cap System offers unattended data collecting for clinical applications while also logging, tracking, and trending intake times. ID-Cap System Mental health technology: the next frontier of healthcare During the last several years, we've seen an abundance of new apps and technologies geared toward helping people improve or maintain their mental health. However, as much as we can say that these apps are making a difference, there are still plenty of gaps to fill. Mental health issues are a huge source of controversy and stigma, but there have been major contributions to help change that. Artificial intelligence, mobile applications, and telehealth stand to have the greatest potential in the field and are likely to grab all the attention in the coming years.

The Mixed Blessings of Technology for Mental Health

Las bendiciones mixtas de la tecnología para la salud mental

Les bienfaits mitigés de la technologie pour la santé mentale

मानसिक स्वास्थ्य के लिए प्रौद्योगिकी का मिश्रित आशीर्वाद

メンタルヘルスのためのテクノロジーのさまざまな祝福

As bênçãos mistas da tecnologia para a saúde mental

Những phước lành hỗn hợp của công nghệ đối với sức khỏe tâm thần

技术对心理健康的喜忧参半

and Why Countries and MNCs Won't do it The year was 1639. Japan was slowly becoming isolated from the rest of the world to avoid colonialism. It also separated itself to from Spanish and Portuguese influence. It was the start of the shogunate. protect its culture and religion I'd go deeper, but this is not a history class. Until the 1830s to 1850s, Japan would not be open to western powers, although it maintained an economic relationship with China. Japan had rich coal deposits, which the U.S. needed. Under the command of Commodore Matthew Perry, the west went to Japan, Tokyo Bay, after winning the Chinese Opium War. He would be responsible for to the rest of the world for trade. opening Japan When the year was 1858, an Anglo-Japanese treaty on commerce was signed. In 1868, Sir Harry Parkes was sent as a British diplomat to Japan. There was a civil crisis in Japan between two sects: pro-modernisation and anti-modernisation. To protect British interests, he sided with the pro-modernisation and brought many British foreign advisors to train the Japanese Navy and army in British technology. While they did this, the British built modern infrastructures like railways, telegraph systems, lighthouses, and many others in Japan, this was encouraged, and research into western medicine, education, and technology was also patted on the back. Japan grew stronger. What took the west centuries took Japan decades. The Industrial Revolution in Japan became a threat to the technological advancement of the west, and World War II happened, with Japan on the offensive against the West. Japan is the best example of technology transfer and why developed countries don't want to support developing countries technologically. How Does Technology Transfer Work? Ask anyone, and they'll tell you technology transfer is the transition of knowledge in data, designs, innovations, and other technical expertise from one country to another. It could even be between institutions/universities or companies. Technology transfer or transfer of technology exists to equip the recipient with the lacking skills, inventions, and technology in a sending country. Technology transfer can be done by either transferring the needed constructed devices or sharing the ideas. It is done to develop the economy of the recipient country. However, there is a challenge with that. Technology transfer necessitates the commercialisation of such products, inventions or ideas. But governments are as sceptical as companies when it comes to sharing their technology. While discussing climate change, the Russian president, Vladimir Putin, cited that technology transfer has been impossible for developing nations because the world is complex and complicated. These countries and companies are concerned. Why? What is Technology Transfer in International Business? A core part of innovations or technology transfer is the intellectual property rights attached to the invention. Transferring tech to a recipient country or institution must be laced with the assurance that recipients will respect their I.P. rights and that their ideas will remain theirs. Even with these assurances, both countries and MNCs are reluctant to share their inventions. They do not want another Japan or China due to their humanitarian agency. MNCs are told to transfer their technology and use their ideas to help host economies (although some are forced in China). They are also encouraged to help competitors since sharing innovations can promote creativity and increase production. However, aside from the fact these MNCs will lose profit, counterfeit products are a challenge. to do it The U.S. Customs and Border Protection rejected 34,143 shipments , seizing and destroying items worth $1.21 billion in 2017. of UK citizens are said to buy counterfeit products. In Nigeria, Africa's largest economy, in 2016 were fake. According to the World Customs Organisation, China, the largest economy in Asia, is responsible for goods. in 2017 17% 80% of all goods sold 70% of global counterfeit Counterfeits, the fact that companies and institutions will not enjoy I.P. rights or protection of their ideas, is a turn-off. The security of intellectual property through trademarks, industrial designs, copyright, etc., that could eliminate pirating and protect the brands' reputation, becomes an illusion. Technology transfer also stiffens competition. Take a look at Coca-cola. It tries to buy off competitors while As Forbes reported, Coca-Cola , some of which specialise in soda, coconut water, tea, and even vitamin water. keeping its recipes secret. acquires rivals However, guaranteeing intellectual property rights can help governments  and even improve their economy. This is because innovators will find it easy to share their inventions. Commercialising these inventions fosters creativity. Through creativity, more efficient products can be made, and recipients will witness the expected growth in their economy. I.P. rights which provide and protect the market for original creations, also become essential for technology transfer. They protect the brands from competitors or other people from exploiting or misusing the creator's ideas and products. Why Technology Transfer is Essential for Developing Countries Technology transfer promotes the development witnessed in the recipient country. The goal of the strategy is to pass advanced knowledge to a recipient country at a cost-effective price, meaning that technology transfer makes it easy to attain knowledge. However, the institutions, governments, or organisations that pass the knowledge will retain their intellectual property rights and issue a license for the recipient's conditional use of the technology. This doesn't only make the recipient country better; when the citizens of such a company gain access to patents and discoveries, they can improve on the technology. They can develop better technology systems to improve commerce and make living conditions friendlier through extensive research. This will also result in a rise in employment rates. The developing country will have a seat with already developed countries in the long run. Final Words Although technology transfer is an essential part of globalisation, it exists mainly on paper. Leading countries and companies do not exchange their ideas with developing countries or startups in those countries. This is partly because technology transfer can necessitate the rise in the recipient country's economy, just as is seen in Japan. Many developing countries have an efficient labour force. If the knowledge is passed, the world will change, possibly at the expense of the leading countries.

What's the Big Deal with Technology Transfer?

¿Cuál es el problema con la transferencia de tecnología?

Quel est le gros problème avec le transfert de technologie ?

प्रौद्योगिकी हस्तांतरण के साथ बड़ी बात क्या है?

技術移転の大きな問題とは?

Qual é o problema com a transferência de tecnologia?

Hợp đồng lớn với Chuyển giao Công nghệ là gì?

技术转让有什么大不了的？

2024 has been a challenging year so far for Apple’s embattled stock, but could the launch of the iPhone 16 and arrival of generative AI capabilities for iOS help the smartphone giant recapture its status as a market leader? Apple’s well-documented problems have been playing out on Wall Street throughout the year, and the stock finished the first quarter more than 7.5% lower after Barclays issued a downgrade owing to a lack of innovation and slowing sales in China. "The iPhone 15 has been lackluster and we believe iPhone 16 should be the same," in a client note in January. warned Barclays analyst Tim Long Owing in part to geopolitical tensions between the United States and China, Apple fell to fifth place in the nation’s smartphone market as shipments to 10 million units, with Huawei claiming a 17% market share at the top of the pile. declined by 25% It’s a similar story among global markets for Apple. Once an undisputed leader in terms of smartphone sales, Korean firm Samsung claimed the top spot for sales volumes worldwide in Q1 2024, , outstripping Apple’s 48.7 million units. shipping 60 million units This indicates that 2024 is shaping up to be a key battleground in determining Apple’s future, and the company that’s typically at the forefront of innovation will be well aware that the iPhone 16 must be a hit to recapture its former glories. As global competition continues to grow, the generative AI boom will likely be seen as the solution for Apple’s difficult start to the year, but will it be enough to recapture the Silicon Valley firm’s lost market share? Embracing the Generative AI Boom The expectation of Apple’s emergence into the world of generative AI is growing. Stock market analysts Morningstar has even sought to for iPhone revenue in 2025 owing to the generative AI functionality that it anticipates will be added to the iPhone 16. raise forecasts Apple appeared to have taken a more steady approach towards embracing generative AI in the months that followed the launch of ChatGPT and its widespread introduction to the vast potential of large-language models (LLMs) and their limitless industry capabilities. However, CEO that the implementation of generative AI tools for iPhone and other Apple products would soon be on the way. Earlier this year, Cook claimed that substantial investment in "a tremendous amount of time and effort" towards GenAI has been taken, and we recently saw the launch of OpenELM, or ‘Open-source Efficient Language Models’ as a tool that could ramp up Apple’s bid to embrace the emerging technology. Tim Cook highlighted It’s clear that the best of Apple’s generative AI bid will be found in the iPhone 16, which is due to be launched in the second half of the year. But will it be capable of turning the tide of Apple’s falling market share? Turning the iPhone 16 Into a Success The launch of the iPhone 16 this year is going to be a significant moment for Apple because it will provide the answer to many questions currently being asked about the company. Can Apple recover its market dominance? How will Apple use generative AI to improve iOS? Is Apple suffering from a lack of innovation? The latter question is becoming increasingly crucial for the company and its various stakeholders. Echoing Barclays analyst Tim Long’s sentiment off the back of Apple’s worrying downgrade on Wall Street, there’s a that CEO Tim Cook isn’t as innovative as his iconic predecessor, Steve Jobs. growing school of thought Now, as generative AI emerges as a key opportunity for Apple to embrace exciting new technology and utilize it within its products, Cook has the chance to outperform Apple’s rivals in delivering meaningful innovation in a smartphone industry that’s ripe for growth following the arrival of 5G connectivity. So, can we use what we already know about the iPhone 16 to anticipate whether it will be a success? Available information suggests that the screen size of the iPhone 16 will be , which is 0.2” . 6.9 inches larger than the iPhone 15 Pro Max At 48 megapixels, the iPhone 16’s camera is likely to be , but with an and ‘pixel binning’ to combine data from four pixels into one single ‘superpixel’ to improve quality overall. similar in spec to the iPhone 15 ultra-wide lens The expectation of a larger battery and an A18 Pro chipset weighs in at an , but so far, there isn’t much evidence of innovation that appears ready to threaten the dominance of Huawei and Samsung in Chinese and global markets respectively. improvement on the iPhone 15 Pro However, the expectation of generative AI features throughout many existing apps and a series of new ones will make the iPhone 16 a watershed release for Apple. This raises the question, are we waiting for the next iteration of the iPhone? Or a major iOS update? Will iOS 18 Save Apple’s Slump? Apple’s biggest launch of 2024 will be its integrated LLMs into the next major iteration of its iOS operating system. The reason that this is exciting is because of the sheer effort that Apple has been undertaking in making its generative AI capabilities truly transformative. The company’s recent AI acquisitions , which specialize in building AI models on limited hardware. include DarwinAI and Datakalab Implementing generative AI capabilities into the next generation of iOS will open the door to unprecedented intelligence for users. Because of their generative nature, apps can work alongside one another to actively update calendars the moment plans are made on WhatsApp, emojis or GIFs will be created using text-based prompts, and users will be capable of automatically responding to messages with GenAI algorithms capable of mimicking their writing style and personality. This is only a glimpse at some of the transformative capabilities offered by generative AI, and it’s not only a matter of time before they become commonplace throughout iOS. Whether the scale of Apple’s generative AI strategy means that an iPhone 16 would be essential to unlock the full capabilities of the technology remains to be seen, but this could be crucial in the company’s overall market performance in 2024 and beyond. According to a , “this year, [Apple] will not only greatly strengthen the AI computing power of M3 and A17 processors, but also significantly increase the number of AI computing cores and performance of the new generation of M4 and A18 processors.” recent report from Economic Daily News Could this mean that the iPhone 16 will be essential to fully utilize generative AI? Considering that Bloomberg has suggested generative AI will become a , the lure of GenAI within the next generation of iPhone could be strong enough to spark a market revival. $1.3 trillion market by 2032 The Long Road to Recovery Apple’s future performance will depend on other factors as well as its rollout of generative AI capabilities. The current geopolitical issues between the United States and China threaten the firm’s global dominance, but recapturing its sense of innovation can be a major stepping stone in Apple’s recovery. Although the iPhone remains a Western powerhouse, recapturing the spirit evoked by Steve Jobs in the launch of the iPhone 16 could go some way in transforming the sentiment surrounding Apple. In a market that’s full of capable global players, the next generation of iPhone and iOS has never been more important.

Weight of AI Expectation Weighs Heavy as iPhone 16 Launch Becomes Pivotal for Apple

আইফোন 16 লঞ্চ অ্যাপলের জন্য গুরুত্বপূর্ণ হয়ে উঠেছে বলে এআই প্রত্যাশার ওজন ভারী

Die Erwartungen an die KI sind groß, da die Einführung des iPhone 16 für Apple von entscheidender Bedeutung ist

El peso de las expectativas de IA pesa mucho a medida que el lanzamiento del iPhone 16 se vuelve fundamental para Apple

Le poids des attentes en matière d’IA pèse lourd alors que le lancement de l’iPhone 16 devient crucial pour Apple

एआई की उम्मीदों का वजन भारी है क्योंकि iPhone 16 का लॉन्च Apple के लिए महत्वपूर्ण बन गया है

iPhone 16の発売がAppleにとって極めて重要になる中、AIへの期待が重くのしかかる

iPhone 16 출시가 Apple의 중추적인 역할을 하게 되면서 AI에 대한 기대의 무게가 무거워졌습니다.

O peso da expectativa de IA pesa muito à medida que o lançamento do iPhone 16 se torna fundamental para a Apple

Ожидания в отношении искусственного интеллекта тяжелы, поскольку запуск iPhone 16 становится решающим для Apple

iPhone 16'nın Lansmanı Apple İçin Önemli Hale Gelirken Yapay Zeka Beklentisinin Ağırlığı Ağırlaşıyor

Kỳ vọng về AI ngày càng nặng nề khi việc ra mắt iPhone 16 trở thành vấn đề quan trọng đối với Apple

iPhone 16 发布对苹果来说至关重要，对 AI 的期望也随之增加

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Since 2018

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