KW 28: Is Ethereum replacing Bitcoin? Experts see changes, How facial recognition can facilitate the safe return to urban life, Study predicts strong sales growth


Is Ethereum replacing Bitcoin? Experts see changes: Ethereum could overtake Bitcoin as the dominant cryptocurrency, Goldman Sachs said in a note obtained by Business Insider. The bank said in the note that Ether „currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications.” The endorsement comes after Goldman Sachs published a report in May discussing crypto’s potential as an asset class.

How facial recognition can facilitate the safe return to urban life: Throughout the pandemic, many people, working remotely for the first time, left their urban homes in exchange for more space in the residential areas. Now that vaccination rates are trending upwards, many states have lifted Covid restrictions. That means people are returning to city living. When deployed correctly, facial recognition technology can help accelerate this process. In a more granular medical application, patients with Alzheimer’s can, with the consent of their guardian, have their information uploaded into secure databases. If they happen to wander or get lost, they can easily be identified and brought back safely to their homes.

Study predicts strong sales growth: A study on the German smart city market forecasts 17 percent annual growth for the next five years. This would correspond to an increase in sales of more than 46 billion euros within five years. The study was published by eco-Verband and management consultants Arthur D. Little and analyzes nine segments of the German smart city market. It sees particularly high uptake in digital education – at 16.6 billion euros – and transportation and logistics at 14.8 billion euros. Market drivers, trends and challenges are outlined for each segment. A focus is also placed on the aspect of sustainability. To finance smart city projects, the study authors propose a three-stage smart city master plan that takes an integrated approach across the key project phases.

Digital twins form basis for smart city concepts: Digital twins, i.e. virtual images of complete city districts, form the basis for smart city concepts. They help urban planners in urban planning, energy and mobility. The twins can be used to optimize processes as early as the planning phase and thus make them more sustainable. Digital twins make it possible to improve the climate footprint of a building even before construction begins, using the building physics data of all building elements as well as the relevant data on energy supply, lighting, fire protection and building management. Improving traffic flow helps increase traffic safety and reduce emissions. But the utilization of public transport can also be better controlled with the help of such planning models.

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Pune-based real estate group, Kolte-Patil Developers, has announced the creation of a residential development platform with a global leader in smart affordable housing, Planet Smart City, to develop 15,000 housing units in Pune, Bengaluru and Mumbai.


Russian doctor injected smart chips into his hands to make life easier: One of the chips in his hands functions as a key to the intercom system in the hospital where he works, another his work pass, and the third functions as his ATM card. He also has one in his wrist which can store contact details and copy them over to his mobile phone. The design, containing a ferrite core and a very small chip, is encased in a small, biologically inert glass tube which is then injected under the skin using a large syringe with a thick needle. The chips can be easily removed if needed.

Smart cities and IT security for the public sector: The smart city concept is intended to organize cities better but also improve the quality of life for citizens. The expected increase in efficiency is increasingly focused on making the cities and municipalities of tomorrow more sustainable and environmentally friendly. However, cyber security is also expected to play a role in this. This consists of the combination of confidentiality, integrity, i.e. the property of an ICT system, availability of data/information and data protection. The conflict between the implementation of the cities of AI but also the reliance on security and privacy leads to a challenge for IT security and data protection in the public sector. Some measures one could take would be to create a culture of cybersecurity throughout the public sector and that engineers and IT architects need to introduce security at the design stage.

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„Digital technologies provide the opportunity for elderly people to better monitor their health status, improve their mental health and empower them to cope with sickness and loneliness.“
The EU Commission and Japan have strengthened their research and innovation collaboration to develop and deploy culturally and behaviourally competent care robots for elderly people.


„Super Mario“ smartwatch costs 2150 dollars: In recent years, Nintendo has more readily embraced brand partnerships in ways it has shunned in the past. Now the company has kicked off a brand partnership with Swiss watch company TAG Heuer, which makes very nice — and extremely expensive — timepieces. The “long-term collaboration” is starting with a limited-edition (2,000 units) Mario smartwatch that will set you back $2,150.

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