Monday, April 17, 2017

Cost benefit analysis of smart contracts.

"The aim of smart contracts is to deliver superior security than traditional legal contracts and to reduce the administrative and transactional costs involved in legal transactions. While smart contracts will most likely not universally replace traditional legal contracts in the near future, they can reduce the burden, time and complexity of writing new legal documents for each new transaction as smart contracts can automate this process to a large degree."

Good read.

https://btcmanager.com/a-cost-benefit-analysis-of-using-smart-contracts-in-banking/

Ukraine's fury into blockchain

Cool that Ukraine and bitfury are launching a full scale blockchain government pilot.  Bitfury is part of a Richard Branson Startup.

Mapping Algorithms are dumb sometimes

Using AI for predicting crimes and mapping directions  has serious flaws. 

    I can attest that Google Maps and Waze are really dumb sometimes. Even in 2017. Years ago MapQuest and Google maps would send you around and around or off a cliff or into an ocean or down a street that doesn't exist.  Its improved tremendously over the years , but still has serious flaws.

    The past year I've done a lot of cross country traveling and half the time no phone signal and the downloaded maps suck.   But the routes are just stupid sometimes.  Send you down back roads.  Tell you to make a left turn on a 6 lane highway.  It's not a mistake either. It's really an option. But it's an option only an idiot would make.  And these maps do this all the time so it's not just some bug.

     The other reality is as much as machine learning has been bragged about  , half these companies make their revenue off of selling their AI to fortune 1000 companies.  You know , many of the ones going out of business or bankrupt.  Even Wal-Mart has struggled to stop that Amazon push into everything. 

   What Machine Learning seems to be best at is selling more advertising, fake news  and winning games.   But actually improving half these companies, it's really just a lie. 

    I mean if you hear some marketing pitch from a AI startup and they list a company going out of business as one of their clients , what exactly was the point of their system ?  To sell BS to a dying franchise?  That's not business , that's just a con game. 

  

  

Wednesday, April 12, 2017

Tuesday, April 11, 2017

Thomson Reuters blockone blockchain beta

Blockone blockchain utilizing Ethereum sounds like an interesting project.  I will test this out and let you know what works and what doesn't.  Stay tuned. 

Monday, April 10, 2017

IOT & Blockchain

A IOT blockchain based storage and system management system.

This sounds interesting, but early stages and a work in progress.