An annual report on Malta’s financial service sector has been released by the MFSA. The stats show impressive growth for the Blockchain Island, revealing a 9.5% increase in 2018.
SiGMA Group has announced the dates for two shows in Manila for 2020, combined under one roof to ignite the symbiotic opportunities for businesses in each sector of iGaming, A.I., Blockchain, and emerging technologies. SiGMA Manila and Manila A.I. & Blockchain Summit will take place June 8th-9th 2020 at the SMX Convention Centre, Manila.
We caught up with Tone Vays at the Malta A.I. and Blockchain Summit for his views on Bitcoin, mass adoption and the importance of ‘politically neutral money’.
“We may hope that machines will eventually compete with men in all purely intellectual fields. But which are the best ones to start with? Even this is a difficult decision. Many people think that a very abstract activity, like the playing of chess, would be best. It can also be maintained that it is best to provide the machine with the best sense organs that money can buy, and then teach it to understand and speak English. This process could follow the normal teaching of a child. Things would be pointed out and named, etc. Again I do not know what the right answer is, but I think both approaches should be tried.” - Alan Turing, Computing Machinery and Intelligence (1950)
The European Commission has announced a €35 million budget for proposals to be submitted with the aim of supporting the development of analysis of health images for cancer diagnostics based on Artificial Intelligence. The brief also calls for development of tools and analytics focused on the prevention, prediction and treatment of the most common forms of cancer.
On one ‘hash’ you have OneLedger, the blockchain of all blockchains bringing true interoperability to the table linking with Shyft Network, the decentralised network of networks which enables anyone to develop applications and infrastructure for global citizenship.
A new project to share and secure data has been launched in Japan. Up to a 100 major Japanese manufacturers will use blockchain technology to secure sensitive information and to share valuable information related to production. The project is expected to start in spring of 2020 and will allow members to share production information in the hopes of increasing the overall efficiency of the Japanese manufacturing industry.
HSBC has announced their intention to adopt a token-based technology for their clients based in India, with plans to also introduce it across other new markets across Asia. Customers will make use of the Digital Accounts Receivable Tool (HSBC DART) tool, which was rolled out by the bank in June this year HSBC DART is based on tokenisation technology developed by blockchain-enabled fintech company Indentitii.
Following consultation with relevant stakeholders on the general aspects of the MFSA’s FinTech Strategy, the MFSA will be now providing further detail, and seeking feedback with respect to each of the six pillars identified within the Strategy, starting with the first pillar - Regulations.
The US Congress has released a letter asking social media giant Facebook to pull the breaks on the development of its recently announced stablecoin and ‘immediately cease implementation plans’.