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By 2025 50% US Jobs Replaced By Robots | Robots, Swarms and The Blockchain

Swarms of jellyfish also prey on copepods
Swarms of jellyfish also prey on copepods (Photo credit: Wikipedia)

CNN reports that 50% of the jobs in the US could be replaced by robots and software by 2025.  Two years ago Gartner forecast that one-third of jobs will be replaced by automated systems. Although these predictions are drastic they are not surprising.  Hardware and software costs continue to drop significantly, while advances in computing grow.

The blockchain, the secure decentralized public-ledger technology, has proven that distributed public ledgers can be trusted.  Eduardo Castelló Ferrer makes a compelling proposal that public ledgers could be used to share information across distributes groups of automated systems.  These groups of automated systems would both contribute and consume information, enable massive collective decision-making, mimicking swarm behavior.  Robotic swarms could be very powerful.

“The combination of blockchain with other distributed systems, such as robotic swarm systems, can provide the necessary capabilities to make robotic swarm operations more secure, autonomous, flexible and even profitable.”

Autonomous Decision Making

These swarms could use this technology to organize, come to agreement and make decisions without a central authority.

 

For more information read: The blockchain: a new framework for robotic swarm systems Eduardo Castelló Ferrer

 

Quick Review | Bitcoin: The End of Money As We Know It

This documentary examines the history of money and patterns of technological innovation to explain how the controversial crypto-currency Bitcoin works. Is it the future of money or a recipe for financial disaster? Starring: Andreas M. Antonopoulos, Roger Ver, Jeffrey A. Tucker
This documentary examines the history of money and patterns of technological innovation to explain how the controversial crypto-currency Bitcoin works. Is it the future of money or a recipe for financial disaster? Starring: Andreas M. Antonopoulos, Roger Ver, Jeffrey A. Tucker

Bitcoin: The End of Money As We Know It is a 1 hour video worth a watch.  It does a good job discussing at a high-level:

  • Money
  • Banking
  • Bitcoin
  • Possible disruptions caused by bitcoin and crypto-currency.

 

Risk, Reward and Compliance | Bitcoin Growing Pains

The risks of investing in Bitcoin, arguably the best cryptocurrency, are very high. The likely reward in 10 years for investing $10,000 in Bitcoin today will be stunning. It is clear that there is a global demand for the benefits of digital money.

 

In the article, Bitcoin exchanges can’t stop getting hacked, no matter what security system they use, Joon Ian Wong makes the point that in the near future digital currency exchanges are exposed to significant risk, exacerbated by compliance requirements that increase vulnerability. The recent Bitfinex heist is the 3rd largest Bitcoin theft from an exchange. And it appears to be the result in part of Bitfinex adjusting security procedures to meet regulator compliance after being fined.