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AI Tech

The Magic Tricks of our Common Future! Quantum Computing

Written by Marcus Parade on Digilah (Tech Thought Leadership)

Picture this: You’re a magician on a stage. You place a rabbit in a hat, and suddenly, with a flick of your hand, there’s not 1 rabbit, but 2! Now, imagine if you could do that with your computer – making it not only do one calculation, but millions at the same time. Welcome to the mystical world of quantum computing (QC)! 🐇⚡🐇

The Quantum Mystery:

In our everyday world, things seem pretty straightforward. Your cup of coffee sits on your desk and not floating in the air, right? Things exist in one place at a time, and we’re used to that. But in the quantum reality, things get a bit… wacky. Here, particles can exist in multiple places at the same time!

How is that even possible, you may ask? Well, buckle up, because we’re about to dive together into the crazy world of quantum physics!

🎪 The Deep Atomic Circus – A Magician’s Best Friend:

Quantum mechanics deals with the universe’s tiniest particles: Atoms, electrons, and even quarks. In this microscopic circus, the rules of the game are different from the world we know. Just like how a regular computer uses bits (either a 0 or a 1) to perform calculations, a quantum computer uses quantum bits.

A qubit can be a 0, a 1, or both at the same time! This peculiar principle known as superposition.

Imagine you’re playing a game of hide and seek. In our regular world, you’re either hiding or seeking. But in the quantum world, you could be both hiding and seeking at the same time! That’s superposition for you. It’s as if the quantum particles are the ultimate multi-taskers!

I know it is still confusing – let me give you one more example

🔴 Imagine we have a coin. When you flip it, it can either land heads up or tails up. But while it’s in the air, before you see the result, it can be thought of as being both heads and tails at the same time, because we don’t know the outcome until it lands.

Superposition in quantum physics is somewhat like that, but much more complex. It’s the idea that a particle, like an electron or a photon, can exist in multiple states at once.

For example, an electron in a quantum superposition could be both spinning clockwise and counter clockwise at the same time, or a photon could be in multiple places at once.

💡 Some QC already today claim to be a trillion times faster than a standard supercomputer of today. This means in turn a QC can do calculations in less than 1 minute for which our supercomputer needs 10,000 years to finish it.

Quantum Entanglement: The Ultimate Magic Trick

Another trick up the QC’s magic sleeve is a phenomenon called entanglement. If two quantum particles become entangled, they become like a pair of magical twins. Change the state of one, and the other changes automatically, no matter how far apart they are!

Imagine if you had a pair of entangled dice. You roll one in New York and the other in London. No matter what, they always show the same number. That’s quantum entanglement, and it’s one of the key ingredients in the QC “soup”. 🍜

🌤🌻 Our Quantum Leap into our Future:

QC is still in its early stages, but the possibilities are and will be simply amazing.

When the software of artificial intelligence and the hardware of quantum computers become best friends eventually, one scientist said: “Watch out!”. While this can be interpreted in at least two ways, let’s be curious and investigate the positive aspects, while at the same time watching out.

🐇 🎩 🐇 So, the next time you see a magician pull 1 rabbit out of a hat and then 2, remember that in the world of QC, doing many amazing things at once is just the new normal. Welcome to the future of computers, where everything seems like magic with endless possibilities!

If you find this article somewhat inspiring, please place a like or a  comment.

Love, Marcus

Most asked questions

What is quantum computing?

What is superposition?

Most asked queries

Quantum physics

Superposition

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AI Tech

Do you believe that AI will eventually replace humans altogether?

Written by : Shweta (SOHAM) R on Digilah (Tech Thought Leadership)

Let’s try to understand the term first:

💡What Is Artificial Intelligence?

Artificial Intelligence is a new and exciting field that is quickly gaining popularity. It is a method of making a computer, a computer-controlled robot, or a software think intelligently like the human mind. AI is accomplished by studying the patterns of the human brain and by analyzing the cognitive process. 

It can be considered a tool to assist us to rise above our circumstances.

Before getting threatened and believing in speculations take a moment and register this, AI is a replica we have created to make our lives better.

It is made of code not cells!

Having said that, we must strive for creative sense because it’s just the beginning, we have only touched the surface of what Artificial Intelligence can accomplish. Our thinking capabilities and problem solving abilities are endless.

💡The four A.I. types are:

🧩Reactive Machines

🧩Limited Memory

🧩Theory of Mind(Exits only in theory)

🧩Self Aware(Exits only in theory)

We are currently well past the first type and actively perfecting the second. At the moment, the third and fourth types exist only in theory. 

Most of the recent or past developments are data driven. I am looking forward to the theory of mind and self care developments because their AI will have to deal with thoughts and emotions.

How on earth a machine is going to handle that?? 

According to Forbes AI is expected to see an annual growth rate of 37.3% from 2023 to 2030. AI continues to revolutionize various industries, with an expected annual growth rate of 37.3% between 2023 and 2030, as reported by Grand View Research. This rapid growth emphasizes the increasing impact of AI technologies in the coming years.

A quarter of companies are adopting AI because of labor shortages as labor shortages become a pressing concern, 25% of companies are turning to AI adoption to address this issue, according to an IBM report. AI helps businesses optimize operations and compensate for the lack of human resources.

Software engineers and data engineers are being recruited for AI support

As AI becomes more integrated into businesses, there is a growing demand for AI support roles. In 2022, 39% of businesses reported hiring software engineers, and 35% hired data engineers for AI-related positions, according to a McKinsey report.

97% of business owners believe ChatGPT will help their business

According to Forbes Advisor, a staggering 97% of business owners believe that ChatGPT will benefit their businesses. One in three businesses plan to use ChatGPT to create website content, while 44% aim to generate content in multiple languages. More than half believe AI will improve written content. 

Over half of respondents, 54%, believe that AI can improve written content, suggesting that AI-driven solutions such as ChatGPT have the potential to enhance text quality, creativity and efficiency in various content creation contexts.

💡What can we do to adapt the process?

In the emergence of AI technology, we may need to accept and reassess ourselves. We will need to be equipped skills-wise and knowledge-wise on how to handle and prosper in a world that is continuously changing and improving as days move on.

Conclusively, I will say it is important to get the hang of AI but again try to acquire a balance while you are turning into a robot with AI advancements to keep your natural stupidity alive to be creative. YES, AI is the present, but will it be the future?!

That’s a question mark for me, I believe quantum computing will take over.

Most asked questions

What are the pros and cons of AI?

 Can AI take over the world?

 

Most searched queries

Generative AI 

Machine learning

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AI Tech

Redefining Computing, The Quantum Revolution – A New Era Changing Our World

Written by Marcus Parade on Digilah (Tech Thought Leadership)

Envision yourself reading a book in a library in London while simultaneously sipping coffee at a Parisian café. Unbelievable, right? But with the marvels of quantum computing (QC), this simultaneous presence becomes a metaphorical reality!

Our current computers, in comparison, are like paddleboats trying to keep up with supersonic jets. Welcome to the future of computing, where impossibilities become possibilities.

Regular computers use “bits” like tiny on/off switches to do math. “On” is 1 and “off” is 0. By using many bits of these, our computer can solve many challenges.

QC are COMPLETELY different. Instead of bits, it uses qubits. It’s like comparing a candle to a light bulb – similar goals, but yet very very different.

This is a quantum computer (QC). Just like many inventions we’ve seen in our life before, these machines will get smaller and smaller over time. Also, there are already many different ways to build a quantum computer today.

Qubits are unique because they can be both on and off simultaneously. This strange thing happens because of quantum physics, which is the science that explains how super small things like atoms interact together.

😲 So, a qubit can be a 1, a 0, or both at the same time! This amazing state is named “Superposition” 😉💘. When we have many qubits, they can perform lots of math tasks all at once.

⚡ A QC is today about 158 million times faster than our most sophisticated supercomputer. Some have claimed to have reached even over about a trillion (1,000,158,000,000) times being faster.

Its computing is so powerful, that it could do calculations in at least just 4 minutes what it would take our supercomputer 10,000 years to accomplish.

Nobody in our world knows why these atomic realities exist, but we know that they exist. 💦 Similar as with water. We don’t know why water really exists, BUT we can use it to our advantage and insights … 🌞

So, as I think you and me are doing quite fine with using standard computers, what can these QC be used for our common good?

🔥 Artificial Intelligence (AI): Many scientists believe that quantum computing will be used to accelerate machine learning – a major component of AI.

💊 Drug Discovery: QC will help the pharma industry to discover new drugs or analyse different combinations of molecules interacting for drug effectiveness. Finding the best vaccines could be much much faster.

💡 Finding the Best Answers: Sometimes, we face a challenge with so many possible solutions that it’s hard to find the best one. Such as with logistics, banking and so many more challenges we all face, QC can help us find the best solution much quicker.

🌞 Forecasting: Weather and climate change predictions will become more precise and perhaps even the stock market could become more predictable 😁📈

🕵 Secret Codes: QC will be really good at solving tough codes or making new ones that are almost impossible to crack.

Much like art 🎨, QC invites us to see the world in a whole new light, offering completely new perspectives. It will create new interpretations of our reality and finding new wisdoms for a better sustainable world. 

🚀 Think of QC as a fleet of futuristic rocket ships. Companies and countries are in a race to have the fastest one. But having the fastest rocket shouldn’t be the only goal.

We need to pilot these rockets with care, respect the space laws of ethics, share insights and aim for a galaxy where we all thrive, and our planet is preserved.

So, rather than just trying to out-zoom each other in the space race, let’s exchange star maps, share cosmic insights, and brainstorm better pathways to the stars.

By doing so, we can ensure a better journey for all humankind in this vast universe of possibilities.

💛🌹🌞

𝐈 𝐡𝐨𝐩𝐞 𝐯𝐞𝐫𝐲 much you find my article somewhat inspiring – if – you would make me certainly happy to place a Like 👍 or so? 🌞

Love, Marcus

Most asked questions

What is quantum computing?

Will quantum computers be faster than supercomputers?

Most asked queries

Quantum

Supercomputer

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Web 3.0 Tech Law Tech

Pixels to Possibilities: Unravelling India’s Gaming Odyssey

Written by : Ankita Sambyal on Digilah (Tech Thought Leadership

Who isn’t fond of video games? From teens to adults, isn’t it? Some play video games as a source of living or to relieve stress. 

The genesis of video games dates back to their early development when a human being used to interact with a massive video device and an analog remote to give commands to the machine to move a pixelated character. 

The earliest recorded U.S. video game patent dates back to 1948, known as the ‘Cathode-ray tube Amusement Device.’ Some of the earliest video game examples include the Nimrod Computer, a massive machine weighing over a ton, as well as Oxo (1952), Tennis for Two (1958), and Spacewar (1961). 

However, these early video games were not available for public purchase due to their immense size and high costs.

The evolution in video game technology has witnessed the progression from classic games like Mario to multiplayer gaming and now to the concept of metaverse gaming.

 Ralph Baer, the Father of Video Games, played a significant role in advancing the Gaming Industry.

In 1967, he invented the prototype called the ‘T.V. Game Unit #1,’ followed by other inventions like the ‘Brown Box Light Gun’ and the ‘Pump Unit’ in 1967-68. In 1972, Baer introduced the Video Game Console named “Odyssey.” 

The Global gaming industry experienced substantial growth, with a valuation of USD 231.34 billion in 2022 and a projected value of USD 353.35 billion over the next five years. 

The year 2023 shows promising developments, including the introduction of generative AI support that simplifies gaming development and increased investments in the metaverse.

In contrast, the Indian gaming industry was valued at USD 2.8 billion in 2022 and is expected to reach USD 5.0 billion by 2025.

Considering the exponential growth of the gaming industry, it becomes crucial to establish and enforce regulations to protect the interests of players. 

These regulations should focus on promoting fair play, ensuring player safety, safeguarding minors, protecting intellectual property rights, and preserving the confidentiality of data and sensitive personal information of gamers.

 Additionally, such regulations should consider the financial interests of both the gaming industry and the players.

“Most Parliamentarians don’t have a clue as regards the challenges or the opportunities the games industry faces” – David Puttnam

A videogame can be classified on the basis of mode: – 

      1. Online Games

      1. Offline Games. 

    Further, Online and Offline Games can further be classified on the basis of interaction: – 

        1. Game of Skill

        1. Game of Chance.

        1. A Mixture of Game of Skill and Chance.

      On 6th April 2023, the Ministry of Electronics and Information Technology of India proposed Amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, which gives a comprehensive framework for Online Gaming Ecosystem, however, these amendments still fail to address the vital connotations of the Gaming Industry. 

      Although, the endeavour has been made through implementing these Amendments to define and explain the terms like “Online Game” (Sec. 2(qa)), “Online Gaming Intermediary”(Sec. 2(qb)), and “Online Real Money Game” (Sec. 2(qd)), however, the definitions and explanations are not comprehensive enough, and there is still a significant gap in the interpretation of these terminologies to fit in the practicality of today’s gaming that we are witnessing in and around.

      In 2020, the Federation of Indian Chambers of Commerce and Industry (FICCI) in partnering with Ernst & Young (EY), released a report stating that USD 817 million has been garnered by the Indian Online Gaming Industry, which involved real-money transactions which depicts that 71% of Indian players are involved with ‘Online Real Money Gaming’. 

      Therefore, Regulators need to take a nuanced approach while defining online games and should consider different examples and illustrations to help clarify the distinction between games of skill and games of chance.

          • In situations where monetary transactions are involved in an online game (skill-based or chance-based), it is crucial to adopt a risk-based approach and enforce mandatory KYC verifications for the players utilizing that platform. Additionally, the platform should implement restrictions on financial transactions based on spending limits to ensure responsible and controlled monetary involvement.

          • The legislative amendment should provide clear and detailed explanation of fraudulent activities, that occur in the virtual realm, including services that hijack gaming accounts, theft of virtual identities, fraudulent manipulation of in-game items, cheating and hacking through the use of bots, deceptive game modification, Phony Game Currency Sellers, etc.

          • The legislative amendment should provide detailed and clear distinction of gaming intermediaries and their roles involved in the virtual realm such as online gaming platforms, game developers, publishers, marketplaces etc. along with their roles and responsibilities such as hosting game servers, game distributors, facilitating communication among players, offering customer support etc.

          • The gaming platforms must be legally obligated to provide clear and explicit information on their websites regarding the nature of the game mode in which the player is engaging, distinguishing it is primarily based on skill, chance or a combination of both. By doing so, they will ensure transparency, promote user awareness, and facilitate a fair gameplay environment in compliance with legal requirements.

        “The people are pieces of software called avatars. They are the audio-visual bodies that people use to communicate with each other in the metaverse.” – Neal Stephenson

        As we have transitioned from traditional gaming to more immersive and interactive experiences facilitated by VR Headsets, we may also witness the emergence of evolved forms of criminal activities in this virtual space. 

        Some Countries like Hong Kong are policing the Metaverse to design ‘user safety’ and to educate the public about the potential dangers associated with Web 3.0 and the Metaverse. 

        In conclusion, it is imperative for India, which is having a base of 421 million of online gamers and is likely to reach over 442 million by the end of 2023, needs to take a thorough revamp of its gaming regulations to encompass games such as Blockchain-based gaming, Metaverse Gaming. 

        By proactively, embracing and regulating these advancements, can help protect consumers, prevent problems of gambling, and ensure a fair and level playing field for all participants that can help India to position itself as a leader in effectively overseeing the Gaming Industry. 

        This strategic approach will ensure that India remains competitive and doesn’t lag behind in effectively policing the dynamic and evolving gaming landscape. 

        Most asked questions

        What is the current size of the gaming industry?

        What are the job opportunities in the gaming industry?

        Most searched queries

        Fastest growing gaming company

        Mobile gamers in India

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        Categories
        Mar Tech Ad Tech

        How MarTech and AdTech have transformed the Market

        Written by Sumesh Raghwani on Digilah (Tech Thought Leadership)

        However, a majority of people don’t understand the major differences between the two. While they are both closely related to each other, they perform very different functions.

        So, we can deep dive into the topics to understand them better:

        What is MarTech?

        MarTech refers to “Marketing Technology”

        The technologies that are used to execute a comprehensive digital marketing plan.

        All the technology used from the point of lead capture throughout the sales funnel until the conversion is considered MarTech.

        MarTech spending is only going to rise in the future.

        There are more than 8,000 tools that populate the MarTech landscape, and this number is only expected to grow in the future.

        That’s not all 60% of marketing experts have stated that they expect MarTech to grow even more soon.

        This can include the following technology tools:

        • Email marketing tools
        • Lead magnets
        • Digital marketing analytics tools
        • Customer data platforms
        • Social media management tools
        • Marketing automation programs
        • Content marketing tools
        • CRM software
        • Web analytics tools

        MarTech-specific tools are designed to help businesses understand their audience in a better manner. For example, if you publish a blog on your platform, you can use an analytics tool to determine the number of conversions that it generates.

        Real-life examples of MarTech:

        • Mixpanel is a commonly used business analytics tool that tracks user interactions with a product. It allows users to analyze data such as sign-ups and conversions and help them track the effectiveness of different marketing campaigns.
        • Buffer is a social media management tool that allows businesses to offer better support to their customers through social media channels. It is a marketing tool that helps businesses understand the needs of their customers better and tailor their products accordingly.

        What is AdTech?

        AdTech refers to “Advertising Technology”

        The technologies that allow for programmatic ad buying and digital spending.

        Tech advertising primarily focuses on demand-side and supply-side platforms and ad exchanges.

        With the help of advertising technology, companies can focus on a targeted audience.

        This helps save a great deal of money and improves returns on advertising spend. The cost of consumer acquisition also dips sharply.

        Needless to say, AdTech can help companies maximize the returns from their advertising spending by focusing on audiences that are interested in buying their product.

        AdTech primarily measures the effectiveness of every campaign. Ultimately, this helps marketers get the best bang for their money.

        Examples of AdTech include:

        • Data management platforms
        • Ad exchanges
        • Ad servers
        • Programmatic advertising tools
        • Tag managers

        The Adobe Advertising Cloud is an example of a tool that’s used commonly in AdTech.

        The two major platforms that play an integral role in AdTech are demand-side platforms and supply-side platforms.

        So, what are Demand-side platforms and supply-side platforms?

        Demand-Side Platforms

        A demand-side platform is a digital platform, or a software program used by advertisers to purchase ads from a centralized marketplace.

        Google Ads is a primary example of a demand-side platform.

        Why they are important: Demand-side platforms remove the human element from the equation, thus making the process cheaper and much more efficient.

        Supply-Side Platforms

        A supply-side platform is a software program that allows publishers to sell their ad inventory.

        The underlying technology beneath demand-side and supply-side platforms is the same. Whereas advertisers use demand-side platforms to purchase cheap ads, supply-side platforms use supply-side platforms to maximize the price for their impressions.

        Common examples of supply-side platforms include Google, OpenX, AppNexus, and AOL.

        Why Are They Important: Publishers actively avoid negotiating with human ad buyers for their media prices. Instead, they prefer using technology to buy ads more efficiently. A supply-side platform helps maintain a balance and allows publishers to effectively manage their relationships with several buyers.

        Popular Examples of AdTech:

        1. Tapad is a simple tracking tool that assigns a unique digital ID to each user and then tracks their activity on multiple devices.
        2. Undertone helps its customers design advertising campaigns over multiple platforms. The company focuses primarily on mobile advertising.

        AdTech primarily focuses on the use of programs and tools that can be used to analyze buyer behavior, evaluate the performance of ad campaigns, and improve them.

        Conclusion:

        So, now we have learned both MarTech and AdTech technology tools play a crucial role in the business.

        Businesses are increasingly looking at different ways by which they can employ both AdTech and MarTech to segment their audiences in a better manner, which ultimately results in better value for the business.

        Synergistic gains between the two will only help businesses in the long run.

        In the future, we will probably see MarTech, a mixture of both MarTech and AdTech platforms deployed together to create a bigger impact on advertising and marketing techniques.

        Most asked questions

        What is the difference between AdTech and MarTech?

        What software tools can be used to track user records in sales?

        Most searched queries

        Advertising

        Marketing

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        Categories
        Decision Making Tech

        Research, Technology, and right decisions

        Written by : Sumesh Raghwani on Digilah (Tech Thought Leadership)

        Research and technology have had numerous benefits for society across various fields and aspects of life. Here are some keyways in which research and technology have positively impacted mankind:

           

            1. Improved Communication: Technological advancements such as the internet, mobile phones, and social media have revolutionized communication. People can now connect and communicate with each other globally in real time, enabling the exchange of information, ideas, and knowledge on a scale never seen before. This has facilitated collaboration, enhanced education, and fostered a sense of global community.

             

              • Healthcare Advancements: Research and technology have greatly improved healthcare outcomes. Medical research has led to the development of life-saving treatments, vaccines, and diagnostic tools. Advanced medical devices and imaging technologies have enabled early detection and precise treatment of diseases. Telemedicine has made healthcare more accessible, particularly for those in remote areas. Overall, research and technology have contributed to increased life expectancy and improved quality of life.

               

                • Enhancing Education: Technology has transformed the way we learn and access information. Online education platforms, digital libraries, and interactive educational tools have made learning more accessible and engaging. Students can access a wealth of knowledge and resources from anywhere, allowing for personalized and self-paced learning. Additionally, educational research has helped in developing effective teaching methodologies and curriculum enhancements.

                 

                  • Economic Growth: Technological advancements drive economic growth by fostering innovation and creating new industries and job opportunities. Research and development (R&D) initiatives lead to the discovery of new products, processes, and technologies, stimulating economic activity. Industries such as information technology, biotechnology, and renewable energy have emerged as a result of research and technological advancements, contributing to job creation and economic prosperity.

                   

                    • Environmental Sustainability: Research and technology have played a crucial role in addressing environmental challenges. Advancements in renewable energy technologies, such as solar and wind power, have helped reduce reliance on fossil fuels and mitigate climate change. Sustainable agricultural practices and efficient waste management systems have been developed through research, leading to more eco-friendly practices. Furthermore, scientific research has provided valuable insights into environmental conservation and biodiversity preservation.

                     

                      • Increased Accessibility and Inclusion: Technology has made significant strides in improving accessibility and inclusivity for individuals with disabilities. Assistive technologies, such as screen readers and mobility aids, have empowered people with disabilities to participate more fully in society. Moreover, research and technological innovations have led to the development of universal design principles that benefit everyone, regardless of their abilities.

                       

                        • Enhanced Transportation and Infrastructure: Research and technology have transformed transportation systems, making them safer, more efficient, and environmentally friendly. The development of electric vehicles, autonomous driving technologies, and high-speed rail systems has improved transportation options while reducing carbon emissions. Smart infrastructure, including intelligent transportation systems and sensor networks, has enhanced traffic management and optimized resource utilization.

                      These are just a few examples of how research and technology have benefited society. The continuous progress in these areas holds the potential for further positive impacts, addressing emerging challenges and improving the overall well-being of individuals and communities.

                      This research has also led to advancements in language understanding allowing me to grasp nuances, idioms, and specific domain knowledge more effectively.
                      Overall, the research and technology journey has been transformative to me, improving my performance, efficiency, user experience. As the journey continues, I look forward to further advancements that will enable me to continuously improve and adapt to better serve the needs.

                      Most asked questions

                      What is the role of research and technology in society?

                      Can R&D really work towards development of a country?

                      Most searched queries

                      Sustainability

                      Telemedicine

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                      Categories
                      Mar Tech Web 3.0 Tech

                      EMB Gaming

                      Written by : Saurabh Bhatia on Digilah (Tech Thought Leadership)

                      Gaming is booming and is expected to keep growing as per World Economic Forum.

                      Exploding Gaming Industry in India

                      The gaming industry in India is experiencing explosive growth, expanding at an annual rate of approximately 38%. India is second only to China in terms of growth, with the industry projected to grow four-fold by 2027 and create at least 100,000 jobs each year. While the global gaming revenue is expected to expand at a CAGR of 9.64%, India is on track to grow at an impressive CAGR of 16.22%. The transformation from a simple pastime to a thriving business is nothing short of remarkable.

                      Challenges and Opportunities

                      Despite the rapid and lucrative growth of the gaming industry, the constant technological advancements make staying relevant a considerable challenge. Out of the 1000+ game development studios and agencies, only a few are keeping pace with the industry’s evolution.

                      Expand My Business: A Pioneer in Indian Gaming

                      Gurgaon-based Series-A funded tech service start-up, Expand My Business (EMB), is one such trailblazer in the Indian gaming industry. Our Game Development vertical is making an impact worldwide. EMB specializes in providing consultation and delivering cutting-edge tech and digital services across domains, positioning itself as the most proficient solution provider.

                      In just a year, EMB’s gaming division has become a significant contributor internally and has positively impacted its clients’ success. A clear distinction between iGaming and Core Game Development & Gamification has enabled them to penetrate gaming, e-sports, casual and hyper-casual gaming, and AR-VR-based games. The company has delivered more than 30+ game solutions across domains and tech stacks in FY 22-23, aiming to increase project volume tenfold in the current FY as they continue adding new gaming micro-level services to their arsenal.

                      EMB’s USP

                      Diversified Expertise and Innovation

                      EMB, the technical facilitator behind India’s digital gaming solutions, has strengthened its expertise in fantasy and digital card & board games. Making headlines for service expansion in niche domains like blockchain-based gaming, cloud-based gaming, immersive gaming, NFT-enabled gaming, and immersive gaming experiences.

                      Comprehensive Game Development Services

                      Not only is Expand My Business a one-stop solution for game development, but it is also an ideal destination for game design and strategic partnerships. The company fosters growth by cultivating high-revenue games and excels in:

                      Research

                      ·       Guiding game development through studies and information gathering

                      Design

                      ·       Storyboarding & Storytelling

                      ·       Game Art & Animation

                      ·       Concept Art

                      ·       Casual Art

                      ·       3D Assets

                      ·       2D-3D Animation

                      ·       UX/UI

                      ·       Motion Design

                      ·       Game VFX Services

                      Audio Production

                      ·       Music & Audio Production

                      ·       Sound Effects

                      ·       Scores

                      ·       Audio Assets

                      Deployment

                      ·       Game Testing & QA

                      ·       TRC Game Certification

                      ·       Game Porting Services

                      ·       Full Post Production Services

                      Marketing Services

                      ·       Social Media

                      ·       Digital Advertising

                      ·       Influencer Marketing

                      ·       PR

                      ·       Content Marketing

                      Full-Game Development

                      ·       Complete the game development process, start to finish

                      ·       A final roadmap cycle

                      Resource Augmentation

                      ·       Hiring additional resources as needed (artists, developers, designers, testers)

                      ·       3D/2D Artists and Designers

                      ·       Game Developers

                      ·       Game Testers, QA

                      Legal Services

                      ·       Intellectual property protection

                      ·       Licensing and distribution agreements

                      ·       Compliance with local and international regulations

                      ·       Privacy policies

                      ·       Contract drafting and negotiation

                      ·       Dispute resolution

                      Future vision

                      To be a significant contributor to India’s GDP which is fueled by the gaming industry’s extraordinary growth and the comprehensive array of services offered and create a global gaming footprint.

                      As the world marvels at the gaming industry’s unparalleled growth, choosing the right tech and consulting partner is crucial.

                      Most asked questions

                      Which is the trendiest online game?

                      What is world economic forum?

                      Most searched queries

                      Augmentation

                      GDP

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                      Categories
                      AI Tech

                      AI, Bias and Society

                      Written by Aman Bandvi on Digilah (Tech Thought Leadership)

                      Artificial intelligence (AI) is rapidly transforming the way we live, work, and interact with each other. As AI becomes more pervasive, it has the potential to influence collective thoughts and actions, shaping the future of our society. However, as with any technology, AI is not immune to bias. Biases in AI systems can skew insights and form a base for ill-conceived actions, ultimately impacting our society in negative ways.

                      According to Cathy O’Neil, mathematician and author of “Weapons of Math Destruction,” “Algorithms are opinions embedded in code.” This means that the way AI systems are developed and the data they are trained on can reflect the biases and assumptions of their creators. As a result, AI systems can perpetuate biases and discrimination, often unintentionally.

                      As AI systems become more pervasive, they can reinforce existing biases and stereotypes, leading to a self-perpetuating cycle. Joy Buolamwini, computer scientist and founder of the Algorithmic Justice League, notes that “We are coding the future and we have the opportunity to create a world that is fair, equitable, and just. But, if we don’t take proactive steps, AI has the potential to exacerbate and perpetuate inequalities.”

                      In society, biases in AI systems can result in discriminatory practices in areas such as employment, criminal justice, and healthcare. For example, AI algorithms used in hiring processes have been shown to discriminate against certain groups, such as women and people of color. Similarly, AI algorithms used in the criminal justice system have been shown to be biased against people of color, resulting in harsher sentences and wrongful convictions.

                      The concerns of biased AI systems are not just theoretical but are already impacting our society in real ways.

                      The increasing use of AI in decision-making processes, from hiring to loan approvals, means that biases in AI systems can have real-world consequences for individuals and communities.

                      AI bias can have a significant impact on sensitive societies in developing nations. In many cases, these societies may be vulnerable to discrimination and marginalization due to factors such as race, ethnicity, religion, or caste. If AI systems are not developed with sensitivity to these factors, they may perpetuate biases and reinforce existing inequalities. For example, in healthcare, biased AI systems may result in certain communities receiving inadequate or inferior care, leading to negative health outcomes. Similarly, in employment and education, biased AI systems may limit opportunities for certain groups, perpetuating cycles of poverty and marginalization. It’s important that AI developers and policymakers in developing nations prioritize ethical AI development and work to ensure that AI systems do not perpetuate discrimination or exacerbate existing inequalities.

                      It’s crucial that we take proactive steps to address AI bias. This includes auditing AI systems for potential biases, increasing diversity and representation in AI development teams, and creating transparency in AI systems. As Timnit Gebru, computer scientist and AI ethics researcher, notes, “If we want AI to be ethical, it has to be transparent, and it has to be accountable.”

                      As individuals, we can also play a role in promoting ethical AI development. By being discerning and alert, we can identify potential biases in AI systems and hold developers accountable. As Buolamwini notes, “We need to ask questions about the data and the algorithms that underpin AI systems, and we need to hold those who create these systems accountable for their impact.”

                      AI has the potential to be a transformative force for good in our society, but only if we take proactive steps to ensure that it is developed and used ethically. By removing biases, auditing AI systems, and being discerning and alert as individuals, we can help create a more equitable and just future. As Gebru notes, “AI is not neutral, it’s not unbiased. It’s the responsibility of those who create these systems to ensure that they are developed and used ethically.”

                      There are several steps that citizens can take to address AI bias during their online interactions. One of the most important steps is to be aware of the potential for bias in AI systems and to question the information presented to them. Citizens can also actively seek out diverse sources of information and engage with a variety of perspectives to avoid the echo chamber effect. Additionally, citizens can report instances of biased AI to relevant authorities or advocacy groups to raise awareness and promote change. Finally, citizens can advocate for greater transparency and accountability in AI development and use, pushing for ethical standards to be enforced to prevent biases and discrimination. By taking these steps, citizens can play an important role in promoting fairness and equity in AI systems and helping to build a more just and equitable society.

                      AI bias poses a significant challenge for societies worldwide, particularly in the developing world. Addressing these biases is a complex task that requires the involvement of stakeholders from diverse backgrounds, including policymakers, developers, and citizens. Only through collaborative efforts can we build AI systems that are ethical, unbiased, and truly serve the needs of all members of society.

                      Aman Bandvi

                      Co-founder Ais Possible

                      India Blockchain Alliance

                      Emerging Technology Council

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                      Categories
                      Web 3.0 Tech AI Tech

                      Collaboration and Web3

                       

                      Written by Aman Bandvi on Digilah (Tech Thought Leadership)

                      “Alone we can do so little, together we can do so much.” – Helen Keller

                      Helen Keller emphasizes the importance of collaboration in achieving great things. Collaboration has been an integral part of human society since the beginning of time. We collaborate to achieve a common goal, to learn from each other, and to make progress. In the digital age, collaboration has taken on a new meaning with the advent of Web3.

                      Web3 is the next evolution of the internet, where decentralization, transparency, and community-driven efforts are the norm. Web3 technologies, such as blockchain and smart contracts, have the potential to reshape how we collaborate and create value. In this article, we’ll explore how collaboration and Web3 are interconnected and how this synergy is shaping the future.

                      Decentralized Collaboration

                      One of the most significant benefits of Web3 is its decentralized nature. Traditional collaboration relies on centralized entities to facilitate communication, project management, and decision-making. However, Web3 offers a new paradigm where collaboration can happen in a decentralized manner, without the need for intermediaries.

                      For example, decentralized autonomous organizations (DAOs) are emerging as a new form of collaboration. DAOs are decentralized entities that operate on the blockchain, where members can propose, vote, and execute decisions. DAOs are self-governed, transparent, and open to anyone who wants to join. This new form of collaboration enables community driven efforts that are not possible in traditional organizations.

                      Trust and Transparency

                      Another benefit of Web3 is trust and  transparency. Collaboration often requires trust among members, which can be challenging to establish in traditional settings. However, Web3 technologies enable trust through cryptography, consensus mechanisms, and smart contracts.

                      For example, smart contracts are self-executing contracts that are programmed to execute automatically when specific conditions are met. Smart contracts eliminate the need for intermediaries and provide transparency and trust between parties. This level of trust and transparency can enable more efficient and effective collaboration.

                      Value Creation

                      Collaboration and Web3 can create new forms of value. In Web3, value can be created through decentralized applications (dApps) and decentralized finance (DeFi) protocols. dApps enable collaboration between developers, users, and other stakeholders to create new services and products. DeFi protocols enable collaboration between different financial services and create new financial products that are accessible to anyone.

                      Web3 also enables new forms of incentivization through tokens and cryptocurrencies. These tokens can be used to incentivize collaboration and reward contributors for their efforts. This Aman Bandvi, v1 March 2023 new form of value creation can create more inclusive and equitable collaboration where everyone can participate and benefit.

                      Case: Collaboration, Web3 and impact on the last-mile

                      Collaboration and Web3 have the potential to create a significant impact on the last mile and offer value to government stakeholders. Web3’s decentralized nature, transparency, and community-driven efforts can provide an efficient and effective way to collaborate and create value for the last mile.

                      The last mile is the final leg of the supply chain that delivers goods and services to consumers in remote or underdeveloped areas. Collaborative efforts can help bridge the gap and provide essential services to these areas. For example, DAOs can enable community-driven efforts that address local needs, such as water supply, healthcare, or education. These efforts can create new value for the last mile and improve the quality of life for people in these areas.

                      Government stakeholders can also benefit from Web3’s collaborative efforts. Web3 technologies can provide transparency, accountability, and trust in government operations. For example, smart contracts can automate government processes, eliminate corruption, and provide transparency in government procurement. Additionally, DeFi protocols can provide a more inclusive and accessible financial system that enables government stakeholders to access financial services and create new financial products that serve their constituents better.

                      Case: Web3, collaboration and education sector

                      “Collaboration allows teachers to capture each other’s fund of collective intelligence.” – Mike Schmoker

                      One example of how Web3 and collaboration have impacted education is the Open Learning Initiative (OLI) at Carnegie Mellon University. OLI is a Web3-based learning platform that leverages blockchain technology and smart contracts to create a more decentralized and community-driven approach to education. The platform enables students to learn at their own pace, with personalized learning paths that are tailored to their individual needs and preferences.

                      OLI uses Web3’s token economy to incentivize collaboration and participation. Students are rewarded with tokens for their contributions to the platform, such as completing exercises or providing feedback on course content. These tokens can be exchanged for rewards such as access to premium content or discounts on future courses.

                      OLI also leverages Web3’s decentralized governance model to give students a say in the direction of the platform. The platform is governed by a DAO that is owned and controlled by its members, giving students a voice in decision-making and ensuring that the platform is always evolving to meet their needs.

                      The impact of OLI has been significant, with students reporting higher levels of engagement and satisfaction with the platform compared to traditional learning methods. By leveraging Web3’s collaboration and decentralized governance models, OLI has created a more personalized and engaging learning experience that is tailored to the needs of individual learners. This has the potential to revolutionize the education sector by providing a more equitable, inclusive, and effective approach to learning that is accessible to all

                      Summary

                      Collaboration and Web3 are transforming how we work and create value. Web3’s decentralized nature, trust and transparency, and value creation potential enable new forms of collaboration that were not possible before. This new paradigm offers exciting opportunities for innovation and progress. As we continue to explore the potential of Web3, it’s clear that collaboration will be at the heart of its success.

                      Aman Bandvi

                      Co-founder Ais Possible

                      India Blockchain Alliance

                      Emerging Technology Council

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                      Categories
                      AI Tech Sustainability Tech

                      From Dirt to Dish: Rethinking Food Production and Consumption 🍽🔥

                      Written by Marcus Parade on Digilah (Tech Thought Leadership)

                      𝐋𝐞𝐭 𝐮𝐬 𝐢𝐦𝐚𝐠𝐢𝐧𝐞 𝐰𝐞 have over 8 billion gorilla’s 🦍🦍 living on our planet – would you say we have an overpopulation of gorillas?

                      As I find overpopulation very visible on our planet, the question arises, how can we feed all our people more sustainable, if our population worldwide is estimated by the UNO to be around 10 billion by the year 2050?

                      𝐃𝐞𝐟𝐨𝐫𝐞𝐬𝐭𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐟𝐨𝐨𝐝:

                      𝐈 𝐰𝐚𝐬 𝐰𝐚𝐥𝐤𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐚 dear 𝐟𝐫𝐢𝐞𝐧𝐝 strolling through endless acres of golden cornfields stretching as far as the eye can see 🌽🌽

                      He said: “Oh Marcus, it feels so nice to be outside here in lovely nature?!”

                      I also love walking along golden cornfields and yet the fields feel to me only partly being in nature. Putting it baldly, we were also walking in simple production fields for farming products. We didn’t see animals nor insects.

                      🌲🌴 𝐃𝐞𝐟𝐨𝐫𝐞𝐬𝐭𝐚𝐭𝐢𝐨𝐧 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 going on steadily since the last 10.000 years and an end is not in sight. The crazy race for more farmland, driven by climate change and an ever-growing population, is a ticking time bomb that is likely to trigger ecological collapse on a global scale.

                      1st. circle is from 10.000 years ago. 2nd. circle from 300 years ago. 3rd. circle from 5 years ago.

                      The question is, how do we feed all people, as further deforestation for more farmlands can in my opinion not be the solution.

                      In turn, around 1/3 of all food produced for human consumption in the world is lost or wasted every year. Where does it all go?

                      It is lost during production or wasted at the consumer level. At the same time around 10 % of our world population are starving.

                      𝐖𝐡𝐚𝐭 𝐜𝐚𝐧 𝐰𝐞 𝐝𝐨 𝐛𝐞𝐭𝐭𝐞𝐫?

                      We can change our consumer behaviour, as the production such as for meat needs 𝐄𝐍𝐎𝐑𝐌𝐎𝐔𝐒 amounts of more energy, water, space as well as emissions into our atmosphere. AND, less than only 20% of our worldwide farmlands are used for the direct consumption by us humans.

                      A staggering 80% of our planet’s farmland is devoted to livestock feed, biofuels, and other non-food crops, leaving precious little for direct human consumption.

                      𝐖𝐞 𝐧𝐞𝐞𝐝 𝐛𝐞𝐭𝐭𝐞𝐫 𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐢𝐞𝐬 𝐢𝐧 𝐨𝐮𝐫 𝐟𝐨𝐨𝐝 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐭 𝐚𝐥𝐥 𝐥𝐞𝐯𝐞𝐥𝐬.

                      New agricultural technologies can be game changers such as:

                      1.💦💧 More precise watering solutions directly reaching the roots

                      2. 🚜🛰 Better efficient machines with more precision farming

                      3. 🌱☣ Biotechnology with genetic modification of plants to protect them better and produce more. 𝐈𝐧 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧 bacteria can be created producing nutrients like proteins.

                      4. 💡🎲 Use of AI (artificial intelligence):

                      AI-powered 𝐝𝐫𝐨𝐧𝐞𝐬 𝐚𝐧𝐝 𝐫𝐨𝐛𝐨𝐭𝐬 🤖 𝐜𝐚𝐧 𝐛𝐞 your farm’s new best friends – they collect real-time data on crop yields, plant health, and soil moisture levels. It’s like having a personal assistant who knows everything about your plants.

                      Self-driving tractors 🚜 and drones can be equipped with 𝐀𝐈-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐬𝐞𝐧𝐬𝐨𝐫𝐬 𝐭𝐨 optimize crop planting, fertilizing, and harvesting. With their precision and efficiency, they can help reduce labour costs and increase productivity.

                      AI can be like the ultimate 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐝𝐞𝐭𝐞𝐜𝐭𝐢𝐯𝐞 🕵. It can analyse all data from the very beginning up to table to help optimize logistics and reduce waste. It’s like having a personal assistant who knows everything about your plants and how they travel to us.

                      When it comes to crop monitoring, AI has a 𝐞𝐚𝐠𝐥𝐞 𝐞𝐲𝐞 👁👁 that even most farmers can’t beat.. AI peering deep into the heart 💚 of crops to detect even the slightest signs of disease or pests, empowering farmers to take proactive measures and safeguard their precious yields.

                      Around 70% of our freshwater is frozen, around 29% is groundwater and the rest is surface water. Source of chart: Netafim

                      𝐀𝐧𝐝 𝐰𝐢𝐥𝐥 𝐭𝐡𝐢𝐬 𝐛𝐞 𝐞𝐧𝐨𝐮𝐠𝐡?

                      Improving the production of food on our planet Earth 🌏 is a complex issue that involves various stakeholders including farmers, governments, researchers, and consumers.

                      While overpopulation remains one of our main challenges is the production of our food a central challenges for our common future of our climate and us humans.

                      Let’s embrace our future and change for better sustainability and life. 💛🌹🌞

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                      Categories
                      Web 3.0 Tech

                      The evolution of NFT and Blockchain Use Cases

                      Written by Sallyann Della Casa on Digilah (Tech Thought Leadership)

                      Nfts have advanced significantly since 2021, when we first learned about them. Most people now consider the functionality of NFTs in addition to the artwork when thinking about them.  

                      The following utility benefits provided by the still widely used Bored Apes to their customers are what has maintained their price so high:

                          1. Bored Ape Yacht Club (BAYC) membership: Each Bored Ape NFT acts as a membership card for the BAYC, a group of NFT collectors who are all enthusiastic about the project. Members of the BAYC get special access to events, products, and other benefits.

                            1. Commercial licensing: The Bored Ape NFT owners have the right to monetize their digital assets, which includes using the characters’ visuals to make and sell items and to provide licenses for their use in other projects.

                              1. Members of the BAYC are eligible to vote on matters of governance that will have an impact on the project’s future. This implies that Bored Ape NFT owners can influence how the neighborhood develops and expands.

                                1. Royalties: The owner of a Bored Ape NFT gets paid a portion of the sale price when the NFT is sold or exchanged on a secondary market. For the owners, this offers a steady stream of income.

                                  1. Social standing: Among NFT collectors, Bored Ape NFTs have come to represent rank and distinction. Each NFT’s rarity and distinctiveness can raise its value and desirability among collectors, elevating its social standing in the community.

                                How you describe NFTs matters greatly for those of you who are still unfamiliar with the NFT notion. An NFT is just code that connects anything to blockchain, such as Javascript or C++. You could conceivably save your documents to the blockchain with a “dot NFT” just like you would when saving them in Word or Excel. 

                                With that reasoning, the logical question is: Why use blockchain, and what money do you hope to save? 

                                Definition is crucial here once more. Blockchain is the ideal notebook. Once something is printed on a page, it cannot be changed or removed. 

                                Blockchain is now incredibly safe, unchangeable, and verifiable thanks to this. 

                                Now combine the two, and let’s talk about a few recent, highly intriguing use cases of Blockchain and NFT technology: 

                                Transforming the legal patent filing system

                                 In the field of protecting intellectual property (IP), IBM has explicitly filed patents relevant to patent filing on blockchain. These patents seek to improve the speed, security, and transparency of the patent application process using blockchain technology. Details are as follows:

                                    1. Streamlining the application process for patents: Inventors might submit their patent applications directly to the blockchain using IBM’s blockchain-based patent filing system, without the need for the usual intermediaries like patent attorneys and patent offices. This might speed up and reduce the cost of the application procedure.

                                      1. Increasing transparency: When a patent application is added to the blockchain, it becomes an unalterable record that is available to the public. Due to the complete transparency and ease of verification of the application’s history and its prosecution, this could assist in preventing conflicts and issues over the validity of patents.

                                        1. Increasing security: IBM’s blockchain-based patent filing system may offer more defense against the infringement and theft of intellectual property. In order to avoid illegal revisions and tampering, the system would be made to ensure that only authorized parties could access and amend the records of patent applications.

                                          1. Automating the administrative processes involved in managing patents, such as keeping track of licenses, renewals, and ownership, could likewise be done using IBM’s technology. For patent owners and inventors, this might save time and money.

                                        The overall goal of IBM’s blockchain-based patent filing system is to improve the efficiency, security, and transparency of the patent application and administration process. It may lessen conflicts over patent ownership, safeguard intellectual property rights, and streamline the administrative tasks involved in administering patents.

                                        Helping us reach net zero 

                                        Imagine your refrigerator and washing machine conversing with one another about which one is turning on and off to ensure controlled energy use. How NFTs and blockchain can assist us in reaching net zero is as follows:

                                            • NFTs can be utilized to create distinctive digital assets that serve as verifiable carbon offsets. These offsets can be purchased and traded on marketplaces built on the blockchain, enabling businesses and people to offset their carbon emissions and support green initiatives. Utilizing NFTs can improve the market for carbon offsets’ transparency and traceability, ensuring that offset projects are authentic and that emissions reductions are properly recorded.

                                              • Financial sustainability: Blockchain-based systems can be used to establish digital tokens that reflect sustainable assets, such as green bonds, sustainable agriculture, or renewable energy projects. Investors can promote and fund sustainable projects by trading these tokens on exchanges built on the blockchain. This might quicken the shift to a low-carbon economy.

                                                • Transparency in the supply chain: Blockchain technology can offer traceability and transparency in supply chains, allowing businesses to monitor and confirm the sustainability of their goods and raw materials. This can verify that items fulfill sustainability requirements and help reduce their carbon footprint.

                                                  • Energy management: Blockchain technology can be used to establish decentralized energy markets, enabling people and companies to conduct direct exchanges of renewable energy. This can hasten the transition to a low-carbon energy system and improve the efficiency and dependability of renewable energy systems.

                                                The application of NFTs with blockchain technology can open up new possibilities for carbon accounting, offsetting, and trading, as well as boost supply chain transparency and traceability and support sustainable finance. 

                                                The objective of producing net zero emissions and reducing the effects of climate change may be achieved with the help of these developments.

                                                Preserving Human Identity 

                                                Life before and after ChatGPT vividly defines the era in which we currently live. 

                                                If you haven’t been paying attention, new artificial intelligence capabilities are being produced every day at breakneck speeds. And if you aren’t already, you need to start questioning human identity and the purpose of humanity right away. 

                                                In a time of automation, how do we capture and maintain human individuality and ingenuity? 

                                                Your degree or birth certificate do not define your human identity or cleverness. We’re referring to the distinctive ways you reason and behave, frequently utilizing human abilities like imagination, discretion, and initiative. 

                                                A psychometric, static profile or resume cannot adequately capture this dynamic reality. NFTs can capture all of this in a very simple way, allowing us to control our information and also use it to signal, like SEO, those we want to pay attention to. 

                                                It is shaped by the interactions we have with others, the way we handle situations, the people we surround ourselves with, and the projects and ideas we take on.

                                                This is part of the NFT technology-related work I’ve been looking forward to at my startup, Gleac with our tokenization of time on blockchain of the world’s leading experts in a project we call Lovely Humans. 

                                                Tokenizing human time and wisdom is the process of developing one-of-a-kind digital assets that represent the labor and knowledge of certain people, such as consultants, coaches, or mentors. 

                                                On the blockchain-based market place powered by our lovely humans, these assets can be traded, enabling people to monetise their knowledge and talents in the following ways: 

                                                    1. Making original digital assets NFTs can be used to produce one-of-a-kind digital assets that symbolize people’s labor and knowledge. These assets can be sold in markets built on the blockchain, enabling people to monetize their knowledge and talents.

                                                    1. Increasing transparency and trust: Blockchain technology can give transparency and traceability in the exchange of knowledge, ensuring that the knowledge being offered is reliable and authentic.

                                                      1. Cutting out intermediaries People may be able to directly trade their expertise with others via blockchain-based markets, eliminating the need for middlemen and improving the efficiency of the transaction.

                                                        1. presenting fresh possibilities In an era of AI and automation where traditional jobs are being disrupted, tokenizing human time and insight can offer people new chances to monetize their skills and expertise. 

                                                      By giving access to knowledge that would not have been previously available, it can also generate new chances for learning and personal development.

                                                      Tokenizing human time and wisdom is essential in an era of AI and automation because it can allow individuals to not only profit from their unique skills and knowledge but also time capsule it, which AI cannot easily replicate. 

                                                      Additionally, it can easily track the source of new inventions and intellectual property (IP) from experts, particularly as we move toward a blockchain-based patent filing system which is one of the core utilities of the lovely human NFT collections. 

                                                      Additionally, it can offer up new avenues for learning and personal growth, particularly in disciplines where knowledge availability may be limited. 

                                                      With the aid of blockchain technology and NFTs, human labor and knowledge can be tokenized efficiently and openly, assuring the validity and legality of knowledge transfer.

                                                      In conclusion, NFT and blockchain technology have the potential to transform the way we interact with digital assets and create a more transparent and decentralized world. Ultimately, these technologies have the potential to create a more equitable and inclusive world, where individuals have greater control over their digital assets and access to new forms of value creation.

                                                      I released the world’s first NFT collection tokenizing time and wisdom.

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                                                      HR Tech

                                                      How the “DIGITAL AND TECH JOURNEY” has enabled you to work better in the last 5 years or brought about challenges.

                                                      Written by : Ritesh Mathur on Digilah (Tech Thought Leadership)

                                                      In a world where we are connected not just via tools and platforms but by data sets that overlap and interlock within systems, the HR technology space saw a renewed focus in the last 5 years. 

                                                      The pandemic drew leadership attention towards investing and upgrading their tech stack within HR and made HR leaders more aware and sensitive to using technology to manage remote teams. 

                                                      In the midst of all this, we still maintained the human connection backed by technology. Economic conditions took hiring from an all-time high to stagnant growth but the need for disrupting technology used by HR teams globally has never been more prominent. 

                                                      From hiring to talent management, layoffs to upskilling the needs of the business in this modern era are putting more pressure on HR leadership to solution and scale in tandem with the fast paced ever changing business landscape. 

                                                      While building Skanjo.com we too realized how our tech stack has to be in line with the current times to enable companies and candidates to hire in a seamless, efficient and cost effective manner. 

                                                      We introduced “Audio Job Descriptions” as a feature because we realized that millennials are more adept to consuming short format content. This helped us build a more intimate humane connection between companies and candidates even before they apply, thus a better candidate experience.

                                                      The challenge before the HR community is to think out of the box. Our need to solve problems quickly cannot compromise on creativity and make us integrate existing platforms without thinking through the experience users get. 

                                                      With technology now no longer a catch phrase, how are HR leaders going to help develop tools and processes for the next decade? 

                                                      Leaders within HR, more than ever, need to question every aspect of tools, systems, processes at their disposal and become change makers that turned the tide in making HR technology for the future.

                                                      With companies innovating to make business solutions better, HR will also need to make the overall people experience better.

                                                      Most searched question 

                                                      What are the 4 main areas of digital transformation?

                                                      What are the 3 R’s of digital transformation?

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                                                      Categories
                                                      Web 3.0 Tech Art Tech

                                                      NFTs: The Future of Art?

                                                      Written by Science Centre Singapore on Digilah (Tech Thought Leadership)

                                                      Illustrations by Sung Jernin

                                                      At this point, everybody has heard of an NFT. Some have commended them to be the future of art, while others have been more conservative with their praise, believing NFTs to be a gimmick. 

                                                      Let’s take a look under the hood at how NFTs work and decide how viable they are as the artwork of the future or as digital assets.

                                                      NFT, meaning “non-fungible token”, refers to an online asset that is not interchangeable; like trading cards or precious artefacts in how they are individually irreplaceable.

                                                      NFTs seek to create the same kind of value in the digital space – digital items with their own unique identities. 

                                                      They have become a household term after exploding in popularity in 2017, with the craze being started by groups like CryptoPunks, a brand specialising in pixelated avatars. Their work has been traded for astonishing amounts – with Alien CryptoPunk #7523 infamously sold for 11.7 million USD. 

                                                      First, let’s try to understand how NFTs work and what makes them unique. NFTs utilise ‘blockchain’ – the same technology as cryptocurrencies. Think of blockchain as a digital ledger that records transactions. The term ‘block’ refers to individual stores of data, and the term ‘chain’ describes the way these different blocks are linked to form one cohesive network. 

                                                      When each data block in the network reaches its predefined storage limit, it is rendered totally immutable, and data begins to flow into the next block instead. 

                                                      This technology guarantees lasting security, because once a block is set, its contents are forever unchanged. In the case of NFTs, this technology is used to store an address on the web or another method of access. 

                                                      The blockchain itself does not store the image or video. A key that enables access to the site on the blockchain where the NFT address is stored is kept in the buyer’s digital wallet.

                                                      The appeal of NFTs is difficult to rationalise. It might be their novelty, the futuristic appeal of the blockchain itself, or their hype and celebrity. Their guarantee of uniqueness contributes to an image of absolute exclusivity. 

                                                      In addition, the security afforded by blockchain increases buyers’ impression that they have just acquired something irreplaceable, and they take pride in ownership of these digital artefacts. 

                                                      Like trading cards, some characteristics in NFTs are more sought after than others. In the CryptoPunks collection, there are some common characteristics and some which are much rarer, like alien skin; those with that characteristic are likely to go for hundreds of thousands of dollars, if not millions. 

                                                      These art pieces also act as status symbols. There are events and exclusive clubs/communities that only permit those who have ownership over specific NFTs. 

                                                      This desire for celebrity status is a central driving force behind the NFT rage – people seek to take part in a lifestyle they have not yet gotten to experience. 

                                                      The example of basketballer Stephen Curry, who spent 180,000 USD on Bored Ape #7990 and made a tweet showing off his new purchase and his acceptance into an exclusive discord server, highlighting the usage of NFTs as a status symbol. 

                                                      When high-profile people make these purchases, it beckons more people to enter the market and try their luck.

                                                      It seems clear to at least some degree that the explosive growth of cryptocurrency over the past few years, with Bitcoin and Ethereum becoming household names, has had a major effect on propelling NFTs to the global stage. 

                                                      The NFT market has also been boosted considerably by an irrational fear of missing out on “the next big thing”. Nowadays we all hear about prophets who made bulk purchases of Bitcoin around a decade ago when it was cheap and are now multi-millionaires; people feel they would be missing out on a trend of a similar calibre if they were to ignore the NFT market.  

                                                      Therefore, people are anxious to jump in as fast as possible, leading to questionable financial decisions. To some extent, the hype around NFTs is a self-propelling cycle, attracting more and more prospective buyers as it grows larger and more tempting.

                                                      There is also something to be said about NFTs being an inevitable offshoot of the transition from the physical to the digital that has taken place over the past two decades.

                                                      Think of the migration of the cinema experience to online streaming services, or the migration of media from discs to files on the cloud. It seems like a natural progression from tangible art to NFT.

                                                      The idea of keeping things physically and valuing the ability to touch and to feel seems antiquated.Of course, despite their inevitability with increasing focus on the digital space, NFTs have not been universally accepted.

                                                      For instance, game developers are against NFTs specifically because the focus of NFTs has become their selling price rather than the quality of the digital content. Some view NFTs as a platform ripe for illegal acts like money laundering. 

                                                      The Ethereum transactions powering most NFT markets are environmentally detrimental – with the amount of computing power necessary to make transactions being a limitation on how time-efficient and energy-efficient these transactions can be. 

                                                      According to an article linked on Ethereum.org, Ethereum’s total annual energy consumption was around 112 tera-watthours per year, and their carbon emissions totalled 53 megatons per year. As pointed out in the article, this is equal to the total annual carbon emissions of Singapore! 

                                                      NFTs are marketed as being secure due to their decentralisation in the blockchain, but this decentralisation leads to its own complications. 

                                                      There is no real central authority or government agency in any country overlooking NFTs. The regulatory guidance on the subject is in a fledgling state and proof of ownership is not as secure as it could be. 

                                                      It has even been expressed that there is a risk of hackers making purchases or transferring assets using others’ accounts. This is because, as mentioned before, the code/key to access the NFT in the blockchain is stored on a digital wallet and not on the blockchain itself. 

                                                      Therefore, while the web address of the NFT is secure, the code to access the NFT is theoretically vulnerable to cyberattacks.

                                                      The decentralisation of cryptocurrency, and NFTs by extension, is a factor contributing to their massive monetary value: the supply is tightly restricted by the costs and high barriers to entry of mining operations, and the demand continues to rise, with neither supply nor demand subject to intervention from authorities. 

                                                      This leads to great price volatility (fluctuations in prices) creating a speculative market. It is reliant upon ‘greater fool’ theory; people only fork out their money hoping that a bigger risk-taker will be willing to pay an even larger sum. 

                                                      As opposed to other options like the stock market, NFTs come with far greater risks and are subject to greater price volatility, reflecting the cryptocurrency they parallel.

                                                      Payment can theoretically also be made in fiat currency, as was the case in the 11.7-million-dollar purchase of CryptoPunk #7523.  However, the issue of unregulated markets and price volatility is not addressed, because while the buyer may be protected from the risk of cryptocurrency investment, any investment into an NFT comes with the same risks arising from the tight supply and growing demand.

                                                      Overall, I think that in their current iteration, NFTs cannot fully replace traditional art. However, each has its advantages and disadvantages; and NFTs bring very new and innovative ideas to the table; shaking up the scene significantly. 

                                                      And, of course, we must address that while art pieces like physical paintings can technically only be expressed along two dimensions, NFTs can dip into four, as they can be 3 dimensional objects which change over time. 

                                                      For example, the supposed ‘first-ever’ NFT, Quantum, which sold at the same auction as CryptoPunk #7523, is a geometric shape that morphs and bends with time. However, their environmental effects and the security concerns limit their sustainability for now.

                                                      At the moment, it seems unlikely that NFTs are going to be phased out anytime soon; but outliers with ludicrously high valuations will become increasingly scarce; these are just symptoms of the excitement of the market and are not reflective of the way NFTs should progress. 

                                                      NFTs are fundamentally different from traditional art in many positive ways; for one, NFT trading is much more accessible in the modern day given that all one really needs is a computer and internet connection. 

                                                      NFT markets and creators should move forward with an intent to promote openness and continue to innovate.

                                                      Glossary:

                                                      Greater fool theory: It is when people disregard the actual valuation of an asset and make a purchase with the intent of selling it off to a higher bidder.

                                                      This relies on a speculative market. When the so-called “speculative bubble” dies down, the asset is left in the hands of the unfortunate highest bidder with nobody to sell it to. 

                                                      For further reading: https://www.fool.com/investing/how-to-invest/greater-fool-theory/

                                                      Fiat Currency: Acts legal tender by the decree of a government or authority without any kind of intrinsic value on its own. As such, it is backed by authorities and is subject to regulation.

                                                      Most searched question

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                                                      Science Centre Singapore


                                                      Categories
                                                      HR Tech

                                                      Lead the Leaders – Digitizing the 4Cs approach 

                                                      Written by : Sriparna Sen on Digilah (Tech Thought Leadership)

                                                      In today’s world, start-ups have become as common as daily bread. And I firmly believe this is the beauty of our times. Every start-up comes with new dreams, goals and journeys that are waiting to be charted out. The founders start with a vision and then slowly and steadily people join hands and the voyage goes on. 

                                                      For each of these voyages, several storms are encountered and surpassed. It takes the whole crew along with their varied areas of expertise and varied personalities to help the ship sail through troubled waters. And every single member of the organization learns through the journey. This is the best example of “on-the-job” learning that can be provided in today’s times. 

                                                      Just like a human pyramid, the organization keeps building up through the years. If the foundation is robust and the channels of communication are strong, then every layer in the pyramid is cohesively aligned towards the goal. 

                                                      Some start-ups achieve this by maintaining a flat hierarchy so that it’s easier to communicate and some start-ups achieve this by maintaining a strict growth path for their leaders. 

                                                      But, the underlying principles are the same to achieve organizational success for these growth-phase start-ups. 

                                                      They need to focus on an emerging set of middle managers. It is immensely critical. I call this the “Lead the Leaders” approach.

                                                      Like everything in our world today, technology can play an important role in implementing this approach efficiently in your organization during the fast-paced growth phases. If we can digitize the onboarding and learning of early stage managers, it’ll help in minimising losses and maximising productivity. 

                                                      In my experience, the 4Cs of Manager Development need to be incorporated into the culture of growth-phase start-ups.

                                                      1. Co-create the learning vision and strategySenior leaders, along with HR (and Learning experts), need to stitch a learning strategy for all managers in the organization. The learning strategy has to be customized for the industry and the company. Tools like Appreciative Inquiry can be useful. 

                                                      1. Coaching programs – Ownership and empowerment comes with self-confidence. Every manager needs to act as a coach. For that they need to learn what are good coaching skills. Companies need to create in-house coaches and sponsorship programs for future leaders. There is a quote in the book – A Trillion Dollar Coach by Eric Schmidt – “Coaching is no longer a speciality; you cannot be a good manager without being a good coach.”

                                                      1. Competency driven career paths – Several start-ups see team and organizational efficiencies in their early days which “seem” to diminish as the company grows. Most of this is due to the lack of capturing the competencies which created the original winning streak. Creating the right competency matrix and then implementing it for every job role is a key factor in developing future leaders. 

                                                      1. Communication and creating a culture of trust – Finally, the one ring to rule them all! The leaders, HR and the systems in the organization – all need to come together to communicate regularly and consistently the learning vision and the competency based approach to the managers

                                                      The great thing about the market today is that there are several Learning Management Systems (LMS) built and sold which cater to all categories of companies. But this is also the bane of it – how do you choose the right one? 

                                                      The simple answer is – always keep your end objective very clearly written when you research the market for the right technology for your setup. And trust me when I say, most of these tools are built for being customized for your company as long as your requirements are crisp and clear.

                                                      Any LMS that you deploy for your employees should be able to implement the 4Cs that you stitched for your unique environment. You need to ensure that the system is built with and drives your approach if you hope to see any success in developing your talent.

                                                      Here are some of the tips that work well, in my experience: 

                                                      • Define the objectives 
                                                      • Check and review the learning strategy 
                                                      • List your expectations from the system 
                                                      • State all the people and culture constraints 
                                                      • Ensure ability to easily evaluate learning outcomes and generate reports 
                                                      • Do a thorough market research 
                                                      • Compare and get product demos for all your stakeholders 
                                                      • Review and confirm the post launch support 

                                                      Companies will thrive only when digitisation and humanisation are used in a collaborative way to understand human behaviour. If you can support your new and emerging people managers to lead their teams well, then your business will not just survive, but thrive in this VUCA world.

                                                      Sriparna Sen is General manager HR | People and Culture @ Great Learning

                                                      Most searched question

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                                                      Categories
                                                      Food Tech

                                                      Food Security in Singapore Through Innovation with Innovate 360

                                                      Written by Science Centre Singapore on Digilah (Tech Thought Leadership)
                                                      Illustrated by Eric Lua

                                                      Founder John Cheng gives us a peek at Innovate 360’s development

                                                      90% of the food we eat in Singapore is imported. In order to have better food security, the Singapore Food Agency aims to achieve their “30 by 30” goal which is to produce 30% of our nutritional needs locally and sustainably by 2030. 

                                                      Currently, many start-ups in the food tech industry, such as the ones under Innovate 360, are using new and innovative ideas to achieve this goal. 

                                                      Food tech is an emerging industry that uses technology to find innovative solutions for food related needs. Through their inventive spirit, consumers can enjoy products that are not only healthier but are also good for the environment. 

                                                      In Singapore, food tech start-ups are one of the ways we can enjoy locally produced food!

                                                      Innovative 360 is a food accelerator that helps food tech start-ups to successfully grow by providing them with necessary skills, facilities, and fund-raising to help scale their business. 

                                                      Additionally, these start-ups are exposed to Innovate 360’s vast network and experience. 

                                                      ISawTheScience was privileged to have a peek at the development of Innovate 360 and its start-ups from its founder, John Cheng. He is also the director of Cheng Yew Heng, a sugar manufacturing company in Singapore, and a key driver in Singapore’s food innovation ecosystem. 

                                                      What was it like for you as a kid growing up exploring the sugar factory?

                                                      When I was growing up, trying to explore the sugar factory was like a wonderland. Basically, it was fascinating visiting different processes and understanding how we manufacture (sugar).

                                                      I never really knew much of the processes until I got into the business when I was much older. Before that, it was really just very interesting to see and smell. When you come to our factory, you can actually smell the sugar.

                                                      Did your experience growing up in the factory influence how you see the food tech industry?

                                                      When I was growing up, I kind of watched how a lot of our processes were done very manually. Some of the things that I wanted to do when I went into the business was to try to modernise this business and that was through automation. 

                                                      While automating, I met a lot of people in the industry who knew more than me. So, I tested with them and that kind of influenced how I went into the tech side, which, really, is all about collaborating with people. 

                                                      You know, business is about people at the end of the day, but it’s also tapping on the scientific knowledge of the experts in the industry to be able to help my business.

                                                      With that knowledge at our accelerator, Innovate 360, we have all the expertise to collaborate and help start-ups. 

                                                      What sparked your interest to start Innovate 360?

                                                      So, I started Innovate 360 in 2018 for the company to pay it forward, but also to find new products that we could sell through our distribution. So initially, it was really to find ways to help ourselves. At the same time, we wanted to look at innovation and create an impact through start-ups and that was one of the ways we see fit. That is how innovate 360 started.

                                                      Why do you think food tech start-ups are important to Singapore’s future development?

                                                      Food tech start-ups are important to Singapore’s food system and to Singapore’s future. They not only bring a very disruptive kind of business model, but also help to create new businesses or create some sort of new and bigger impact to what we are trying to achieve, which is a higher opportunity for more people in Singapore trying to create 30% of the nutritional needs by 2030.

                                                      In the future, do you see these new food products being used in local hawker centres?

                                                      For a lot of start-ups, when they create a new product, it tends to be limited in quantity. Because of that, they normally only focus on the premium market and because of that, people always have the conception that it’s expensive, but sustainability doesn’t need to be just for the rich. 

                                                      Sustainability should be for everybody. I hope that our start-up products will be for the mass market eventually. Once the scale is reached, then we are able to lower costs as well. 

                                                      I hope the start-ups quickly find themselves in the market. It takes a lot of consumer awareness, knowledge and demand that will help them to drive future demands and then production and that will lower their cost. 

                                                      To answer your question, I guess it will eventually be at hawker centres. So maybe, the next time you have char kway teow, then it will be char kway teow with plant-based egg or even cell-based cockles.

                                                      With your experience in both business and innovation, what is your message to aspiring entrepreneurs in Singapore who are eager to start their own food-tech start-up? 

                                                      My advice to aspiring start-ups is — always try it, go for it but know your consumers, know who you are selling to, know what you are trying to do at the end of the day and with that, improve Singapore’s food system and you would be able to be successful start-ups.

                                                      I really hope that aspiring start-ups think about getting into food entrepreneurship. They would think about their customer, what problems they can actually solve, and then, from there, they will have a very supportive ecosystem here. Chances are that they will be very successful as well. 

                                                      And I think it is about today’s goal — it is really about collaborating with others. If you don’t have some knowledge on how, it’s always good to work with someone who has.

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                                                      Science Centre Singapore