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US blocks China from foreign exports with even a single US-made chip
Mon, 02 Dec 2024 19:21:08 +0000
New China export curbs could hurt US chipmakers, allies more than Huawei.
Match ID: 0 Score: 130.00 source: arstechnica.com age: 0 days
qualifiers: 50.00 china trade, 40.00 china, 20.00 singapore, 20.00 malaysia
Algorithms Are Coming for Democracy—but It’s Not All Bad
2024-12-03T12:00:47Z
In 2025, AI is poised to change every aspect of democratic politics—but it won’t necessarily be for the worse.
India’s prime minister, Narendra Modi, has used AI to translate his speeches for his multilingual electorate in real time, demonstrating how AI can help diverse democracies to be more inclusive. AI avatars were used by presidential candidates in South Korea in electioneering, enabling them to provide answers to thousands of voters’ questions simultaneously. We are also starting to see AI tools aid fundraising and get-out-the-vote efforts. AI techniques are starting to augment more traditional polling methods, helping campaigns get cheaper and faster data. And congressional candidates have started using AI robocallers to engage voters on issues. In 2025, these trends will continue. AI doesn’t need to be superior to human experts to augment the labor of an overworked canvasser, or to write ad copy similar to that of a junior campaign staffer or volunteer. Politics is competitive, and any technology that can bestow an advantage, or even just garner attention, will be used...
Lawyers and campaigners hail removal of 47 people from remote Indian Ocean island as ‘a big day for justice’
Dozens of people stranded in hellish conditions for more than three years on the remote Indian Ocean island of Diego Garcia have touched down in the UK.
Lawyers and campaigners hailed the arrival of 47 Sri Lankan Tamils on Monday night as a “big day for justice”, with a further eight arriving on Tuesday morning from Rwanda, where they had been receiving medical treatment. Twelve children were among them.
Continue reading...Market share increases after strong demand within country offsets risks from western tariffs on Chinese-made EVs
China’s share of the global electric vehicle market reached 76% in October, the country’s automotive trade body said, reflecting strong demand for EVs in the country even as western tariffs risk hobbling exports.
Between January and October, sales of EVs reached 14.1m units, according to the China Passenger Car Association, with 69% of those sales in China. In October, China’s share surpassed three-quarters.
Continue reading...Wealth management employee charged with robbery, attempted murder and arson after home visit to elderly clients
The boss of the Japanese bank Nomura has apologised and taken a voluntary pay cut after a former employee was charged with robbery and attempted murder of a customer.
Kentaro Okuda, who has led Nomura since 2020, will take a 30% pay cut over the next three months, with several other senior managers at the bank taking similar reductions, the bank said.
Continue reading...Relevance of World Trade Organization under scrutiny amid US president-elect’s protectionist stance
The sting of teargas was a price worth paying, said Michael Dolan, as he looks back on the Battle of Seattle and how the World Trade Organization’s attempt to break down the barriers to international trade was derailed by anti-globalisation protesters.
“The WTO has never recovered, it really hasn’t,” he said.
Continue reading...Launched in Japan in December 1994, the record-breaking PlayStation started out as a CD add-on for the Super Nintendo – but ended up ushering video games into a new era all on its own
If you were an obsessive video game fan in the summer of 1994, you’ll remember where you were when Edge magazine’s August issue dropped. By then, Sony had already announced its intention to develop the PlayStation console – the previous October – but it was the cover feature in the world’s most forward-looking game publication that really blew open the possibilities of the machine. As well as listing its specifications in full, Edge secured enthusiastic statements of support from Capcom, Namco and Konami. One breathless developer told the mag: “It’s going to revolutionise the way computers are at the moment.” Suddenly, the whole structure of the console games business was being threatened. All it needed was a push.
Sony’s entry into the video game industry has become the stuff of legend (and probably, one day, the stuff of a passable Netflix movie). In the late 1980s, the company was keen to get a foothold in an increasingly profitable business after the failure of its MSX games computer, so when the chance came up to build a CD-Rom drive for the soon-to-be-released Super Nintendo (SNES) console, Sony leapt at it. In the background, however, Sony’s engineering genius Ken Kutaragi, was also designing a standalone system, the PlayStation, capable of playing SNES games as well as a new CD format that Sony itself would control.
Continue reading...New head of National Cyber Security Centre to warn of risk to infrastructure in first major speech
The UK is underestimating the severity of the online threat it faces from hostile states and criminal gangs, the country’s cybersecurity chief will warn.
Richard Horne, the head of GCHQ’s National Cyber Security Centre, will cite a trebling of “severe” incidents amid Russian “aggression and recklessness” and China’s “highly sophisticated” digital operations.
Continue reading...Captain Paul Watson talks about his arrest on behalf of the Japanese government, his ‘interesting’ Greenland prison, and separation from his children
The humpback whales watched by Paul Watson from his prison cell this summer have long since migrated from the iceberg-flecked Nuup Kangerlua fjord to warmer seas. It is over four months since Watson – an eco-terrorist to some and a brave environmentalist to others – was brought here to Anstalten, a high-security jail perched on the frozen coast of south-east Greenland after being arrested while refuelling his ship, MV John Paul DeJoria, in nearby Nuuk, the capital of the autonomous Danish territory.
He had been on his way with a 32-strong crew to practise his decades-long policy of “non-violent aggression” by intercepting a new Japanese whaling “mothership”, the ¥7.5bn ($47.4m) Kangei Maru. But shortly after tying up his vessel in the harbour “a nice police car turned up” and 12 armed officers boarded.
Continue reading...New Zealand fast bowler recalls the feelings before and after he took England’s final wicket in 2023
The Basin Reserve was built on land thrown up by an earthquake in 1855 and England’s return to the ground this week brings memories of last year’s seismic Test match flooding back. It was the rarest of margins, with New Zealand the second team in history to win by a single run, and for Neil Wagner, front and centre during its breathtaking climax, the goosebumps are yet to subside.
“It was just a sense of massive relief and jubilation at the end,” says Wagner, who with England nine wickets down and needing two to win, had Jimmy Anderson snared down the leg side. “Winning the World Test Championship [in 2021] was the pinnacle but that Test match, just one run in it, will also stay with me for ever.
Continue reading...Sparse and precise, this meditative film immerses the viewer in the world of lepidopterist Mansi Mungee and her assistant as they survey hawk moths
This extremely slow, meditative documentary about a scientist and her assistant studying moths in the eastern Himalayas can only be fully appreciated if it’s watched in a darkened room, preferably a cinema, with no distractions. Otherwise, it’s almost impossible to appreciate its unique relationship to time and action, given that practically nothing happens even though it’s full of teeming, humming, vibrating life. And we’re not just talking about the insects, who we often observe blurring their wings to stay warm as they bask on a sheet lit by moon-mimicking UV light that the scientists have rigged up in the forest to attract the bugs in the first place.
Lepidopterist Mansi Mungee is researching how the rising temperatures of the local ecosystem are affecting hawk moths, a large species with extremely particular tastes when it comes to temperature, humidity, and other environmental factors. She and her assistant Bicki (not himself a scientist although he becomes increasingly fascinated by the process), spend hours each night staring at the screen-UV-light setup, which soon becomes carpeted with thousands of insects, as do the researchers themselves. In long, deep-breath takes, the camera drinks in the dark cool palette of blues, purples, inky greens and powdery browns on the insects and humans alike – hence the title Nocturnes – while the sound unfurls a steady backbeat of birdsong, wind-ruffled leaves, maybe the distant toot of an elephant or two. Sometimes there’s music by Nainita Desai, but it’s a score so minimalist there’s barely a breath between the natural and the human-made soundscapes.
Continue reading...Members of the national assembly reportedly banned from entering building after president announces ‘emergency martial law’
The US, south Korea’s most powerful ally, has not yet commented on the martial law declaration. About 28,500 American troops are stationed in south Korea to guard against north Korea, led by Kim Jong Un.
The Yonhap News Agency is reporting that members of the national assembly have been banned from entering the building, with the South Korean military having reportedly announced the suspension of all parliamentary activity. We have not yet independently verified this information. The parliament speaker is traveling to parliament and plans to convene a session, according to local broadcaster YTN TV.
Continue reading...President Yoon Suk Yeol accuses opposition party of controlling parliament and sympathising with North Korea as he declares martial law on TV
The Yonhap News Agency is reporting that members of the national assembly have been banned from entering the building, with the south Korean military having reportedly announced the suspension of all parliamentary activity. We have not yet independently verified this information.
A spokesperson for the finance ministry says south Korea’s most senior economy officials will hold a meeting now (11:40pm local time; 1440 GMT), according to Reuters. We will bring you the latest as soon as we get it.
Continue reading...Yoon Suk Yeol says in late-night address that opposition parties have taken parliamentary process hostage
South Korea’s president, Yoon Suk Yeol, has declared martial law in an unannounced late-night televised address, claiming he would eradicate “shameless pro-North Korean anti-state forces”.
It is the first time since 1980 that martial law was declared in South Korea.
Continue reading...Two satellites in Proba-3 mission expected to be launched on Wednesday in India and will work in tandem to study sun’s corona
Final preparations have begun for a landmark space mission that will use satellites flying in close formation to create artificial solar eclipses high above the Earth.
The Proba-3 mission is the European Space Agency’s first attempt at precise formation flying in orbit and calls for two spacecraft to loop around the planet in an arrangement that never deviates by more than a millimetre, about the thickness of a human fingernail.
Continue reading...After 250 years of armed attacks, forced relocations, ethnic cleansing, and genocide of Native Americans, the U.S. military wants to celebrate.
The post Happy Native American Heritage Month From the Army That Brought You the Trail of Tears appeared first on The Intercept.
With Trump returning to the White House, only mass commutations will stop another federal execution spree.
The post Biden Has “Pardoned” Eight Turkeys. Will He Spare the Lives of 40 Human Beings? appeared first on The Intercept.
Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country
The Vietnamese property tycoon Truong My Lan has lost her appeal against the death penalty for masterminding a multibillion-dollar fraud scandal – though she could still save her life if she can repay most of the funds she embezzled.
Lan, who founded the real-estate developer Van Thinh Phat, was sentenced to death in April for embezzling $12bn (£9.95bn) from Saigon Commercial Bank (SCB), in a case that shocked the country.
Continue reading...Big public universities, historically at the forefront of catalyzing activist movements, are now using legal action, disciplinary efforts, and rule changes to chill speech and dissent.
The post How Universities Are Trying to Stop Another Year of Anti-War Activism appeared first on The Intercept.
The Israeli company NSO Group sells Pegasus spyware to countries around the world (including countries like Saudi Arabia, UAE, India, Mexico, Morocco and Rwanda). We assumed that those countries use the spyware themselves. Now we’ve learned that that’s not true: that NSO Group employees operate the spyware on behalf of their customers.
Legal documents released in ongoing US litigation between NSO Group and WhatsApp have revealed for the first time that the Israeli cyberweapons maker and not its government customers is the party that “installs and extracts” information from mobile phones targeted by the company’s hacking software...
It’s the smallest country in south-east Asia, but this tropical island’s vibrant diversity, modern architecture and warm hospitality creates a wealth of opportunities for travellers of all kinds
For such a small country – the smallest in south-east Asia – Singapore sure packs in a lot. In the 59 years since independence, it has gone from post-colonial minnow to roaring Asian powerhouse where gleaming skyscrapers and sprawling malls rub up against heritage-listed shophouses and leafy neighbourhoods.
Predominantly Chinese, Indian and Malay populations share this spotlessly clean, lush and green multicultural melting pot of a tropical island. Your visit starts when you land at Changi airport, frequently voted the world’s best, from where it’s a quick cab ride to the city centre. The island’s compact size (and amazing public transport system) means it’s a breeze to get around, and visitors can fit in plenty in just a few days.
Continue reading...The marketing of a new military tech tool powered by Meta’s artificial intelligence is “irresponsible” and “clumsy,” experts said.
The post Meta-Powered Military Chatbot Advertised Giving “Worthless” Advice on Airstrikes appeared first on The Intercept.
Lots of details that are beyond me.
Min Aung Hlaing accused of crimes against humanity over deportation and persecution of Rohingya minority
The chief prosecutor of the international criminal court (ICC) is seeking an arrest warrant for Myanmar’s military leader, Min Aung Hlaing, for crimes against humanity over the deadly crackdowns against the country’s Rohingya minority that drove hundreds of thousands to flee to Bangladesh.
Karim Khan said that “after an extensive, independent and impartial investigation” his office had concluded there were reasonable grounds to believe that the Myanmar junta chief “bears criminal responsibility for the crimes against humanity of deportation and persecution of the Rohingya committed in Myanmar and in part in Bangladesh”.
Continue reading...Crystal-clear waters, white sand and unspoilt coves – Thailand’s beaches exceed expectations in every way. Here’s what to expect from two of the country’s most sought after coastal resorts
Thailand is one of the world’s sandiest nations, with hundreds of beaches garlanded over 2,000 miles of coastline. These range from secluded, unspoilt coves with fine, white sand and crystal-clear waters to the more easily accessible and well-known beaches that tourists flock to every day. So where do you start?
You’ll find the best introduction in Hua Hin and Koh Samui. Two very different destinations but both oozing with the charm and beach experience that you’d expect from Thailand. Once a quiet fishing village on the skinny stretch of mainland north of the Malay peninsula, Hua Hin was established as a royal getaway in the 1920s and has since grown into a fashionable resort town. While Koh Samui offers laidback island life with pristine beaches, tropical greenery and a calm blue sea. Both border the Gulf of Thailand, a sandy-bottomed waterworld filled with kaleidoscopic sea life, where temperature in the area seldom dips below 24 degrees.
Continue reading...When it comes to female fashion, think comfort, culture, weather and colour – all key considerations when exploring this diverse corner of the world
South-east Asia has it all: thanks to the dazzling variety in landscapes, cultures and religions, both within and between nations, it’s one of the most diverse regions on the planet. It’s what makes it such an extraordinarily popular place to holiday – there really is something for everyone. But its many blessings in that regard can potentially make it feel like a packing nightmare … because, how on earth do you prepare your suitcase for the free-wheeling eclecticism of itineraries that could take you from a mountain hike in the morning to rice paddy mid-afternoon, then a beach for the sunset, before a dance at the hotel bar?
Well, it might sound obvious but whether you’re looking to discover archaeological wonders, bargains in a market, or moonlit raves, before you venture out, really research and think about what is a bucket-list must for you so that you bring the right clothes, plus (very importantly!) the appropriate footwear. Because you’ll probably find there are a couple of sites and sights you didn’t even know existed (did you know Thailand has an ancient temple guarded by a giant catfish? I’ll bet you didn’t.)
Continue reading...Welcoming more than 20 million tourists a year, Thailand’s capital is a playground for holidaymakers of all kinds – and these swanky hotels make the perfect base for exploring all this bustling city has to offer
Colourful, cacophonic and a round-the-clock adventure – in Bangkok gilded royal palaces are sited next to shopping malls containing their own theatres and urban parks. Bangkok lives large: it plays in sky bars, night markets and open-air theatres. It prays at Buddhist temples, Catholic churches, ornate mosques and Hindu temples. In a city that serves up one fast-paced adventure after another – travellers will need a place of calm where they can retreat from the melee. Three standout hotels promise a serene respite from the hustle and bustle – all you need to do is choose your holiday style …
Explore history and culture from Millennium Hilton Bangkok
The Chao Phraya river – or the River of Kings – courses through a city of 11 million to connect palaces, temples and major historical sights. The cultural must-see is the Grand Palace. From 1782, this gilt-edged complex hosted the kings of Siam – the historic name of Thailand – amid pavilions, a throne room and the Temple of the Emerald Buddha.
The Grand Palace
Continue reading...Federal investigators find children working at Sioux Falls meat processing plant for second time
Nearly a dozen children were working shifts cleaning meat processing equipment used at an Iowa pork plant’s so-called kill floor over a four-year period, the US department of labor announced.
Eleven children were using corrosive chemicals to clean as well as perilous “head splitters, jaw pullers, bandsaws, neck clippers and other equipment” at a Seaboard Triumph Foods pork processing plant in Sioux Falls, according to officials. This is the second time federal investigators have found children working at that particular Sioux Falls meat processing plant.
Continue reading...A caramelised cauliflower encased in pastry and served with a silky, cheesy sauce
A wellington makes a great centrepiece for a celebration. This one, in which the more traditional beef is swapped for a whole cauliflower, is the stuff of golden, buttery, flaky pastry fantasies. Roasting the cauliflower first, until it’s browned and a little caramelised, only adds to its delicious flavour. Serve with ladlefuls of the silky cheese sauce, and the carnivores are bound to have food envy.
Continue reading...A boldly flavoured traditional Christmas side that’s always a winner when paired with richer meats
Braised red cabbage is a relatively recent addition to my Christmas dinner, a contribution from the Scottish branch of the family, though I can’t find evidence it’s any more common in Scotland. Sweet and sour and festively spiced, it’s a long-standing favourite with richer meats such as goose, duck or pork, but, truth be told, its bold flavour makes it a hit on most winter menus.
Continue reading...Exclusive: Campaigners say company’s apparent abandoning of 2030 pledge is a ‘masterclass in greenwashing’
Coca-Cola has been accused of quietly abandoning a pledge to achieve a 25% reusable packaging target by 2030 in what campaigners call a “masterclass in greenwashing”.
The company has been previously found by researchers to be among the world’s most polluting brands when it comes to plastic waste.
Continue reading...This classic supper is full of sophisticated flavours but is actually really easy to make
A quick fish and potato supper that tastes like it required more effort.
Preheat the oven to 200C/gas mark 6. Bring a pan of water to the boil and salt it generously. Wash 350g of small potatoes, then cut them in half. Cook them in the boiling water for 15 minutes, then drain.
Continue reading...Centre for Inclusive Trade Policy report finds trade flows have shown no signs of returning to previous levels
Exports of British food to the EU have dropped by nearly £3bn a year since Brexit, a trade thinktank has said, with new physical and documentary checks at the border complicating trade.
A report by the Centre of Inclusive Trade Policy (CITP) has found that the export of UK food and agricultural products to the EU has fallen by more than 16% on average across the three years since Britain left the single market, when compared with the three years before the exit.
Continue reading...Need a generic but thoughtful gift? Here’s our inspiring list of affordable, and often useful, failsafe presents we buy time and again
We’ve all been there: royally stumped for a present for someone, be it a newly acquired father-in-law whose taste you don’t yet know, or a birthday you’d forgotten about. That’s when you reach for your fail-safes – the gifts you’ve bought time and again because, well, they’re a winner every time.
From a kids’ game and a box of iced biscuits to rejuvenating bath foam and a box of charity teabags, these presents have all been gratefully received by their recipients, over and over.
Continue reading...Actor and comedian Diane Morgan joins Grace for another helping of Comfort Eating. Diane is best known for playing mockumentary historian Philomena Cunk, droll antihero Liz in the critically acclaimed BBC sitcom Motherland, and Mandy in … Mandy. Diane reveals how she keeps a straight face when asking world experts very silly questions, why she was sacked from her waitressing job, and what happened when she tried to introduce hugging to the Morgan family.
If you liked this episode then have a listen to Grace’s conversations with Aisling Bea, Saoirse-Monica Jackson, and Jamie Demetriou
New episodes of Comfort Eating with Grace Dent will be released every Tuesday
Continue reading...Tommy Banks urges those who stole van packed with 2,500 pies to ‘do the right thing’ so food can go to people in need
A Michelin-starred chef has appealed to thieves who stole his van which had 2,500 pies inside to “do the right thing” and give them to people in need.
Tommy Banks, who owns two restaurants and a pub in North Yorkshire, announced on Instagram that his van carrying £25,000 worth of stock had been taken. The refrigerated vehicle was due to make a delivery to the chef’s pop-up pie stall at York Christmas Market, but staff found it had disappeared from Barker business park in Melmerby, near Ripon, on Monday morning.
Continue reading...By drawing attention to the troubling behaviour of a male celebrity, Kirsty Wark recalls the spirit of #MeToo
Famous men should not take advantage of their status to engage in sexually inappropriate behaviour, or make explicit remarks, at work. If and when this happens, their bosses should ensure that it is stopped. This might seem obvious. But in an interview for BBC News last week, Kirsty Wark, the former Newsnight host, described how when she was a contestant on Celebrity MasterChef in 2011, she complained to the production company about the show’s co-presenter Gregg Wallace. She thought a sexualised monologue he delivered early one morning on set was so ill-judged that it made her angry, and worried that staff on short-term contracts would not feel able to object.
BBC News also heard from 12 other people making various allegations. That it has taken so many years for these claims to emerge strongly suggests that the impunity enjoyed by celebrities is an ongoing cultural problem in the media industry. Mr Wallace has apologised for a video made at the weekend, in which he suggested the complaints against him came from “a handful of middle-class women of a certain age”. He is cooperating with an investigation by MasterChef’s production company, Banijay UK.
Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.
Continue reading...Readers respond to an impassioned plea for understanding by Clare Wise after the government made farms subject to inheritance tax
Clare Wise’s emotional representation of the family farm offers an excellent insight into the importance of maintaining generational continuity (My family has grown Britain’s food for 140 years. Here’s what politicians don’t understand about farming, 27 November). She rightly condemns the potentially devastating effects that inheritance tax (IHT) on farmland will have on many family farms. Enforced sales will accelerate the break-up and loss of smaller and medium-sized farms, favouring accumulation of land owned as investments and for tax avoidance.
I support IHT and other forms of tax on wealthy estates, investment properties and farmland sold off for development. But this tax is misplaced, introduced without due consultation and pays no attention to the effects it will have on many farming families who will be unable to afford to pay it from farm income. The government needs to listen to the many voices of protest and have the courage to review this tax.
Continue reading...From actor Stephen Graham on his childhood heroes to the best Christmas gifts for foodies: the best original photographs from the Observer commissioned in November 2024
Continue reading...From alcohol-free prosecco to dealcoholised wine, here are our top picks for no-booze bubbles with plenty of sparkle
Party season is around the corner, but that doesn’t have to mean overdoing the booze until we try to undo the excesses in Dry January.
If you’re avoiding alcohol, there are plenty of good alternatives to sparkling wine that still feel celebratory and make that great sound when you pop the cork. And, for once, we can toast to “our good health” and actually mean it.
Continue reading...Draconian new laws allow mass incarceration of women and children forced to beg because of work ban
Destitute Afghan women arrested for begging under draconian new Taliban laws have spoken of “brutal” rapes and beatings in detention.
Over the past few months, many women said they had been targeted by Taliban officials and detained under anti-begging laws passed this year. While in prison, they claim they were subjected to sexual abuse, torture and forced labour, and witnessed children being beaten and abused.
Continue reading...Australia’s children account for a tiny portion of users but tech companies worry about the law setting a precedent
Hello, and welcome to TechScape. Happy belated Thanksgiving to my American readers, and I hope everyone enjoys a good holiday party this weekend. I’m excited to bake Grittibänz for the Feast of St Nicholas. This week in tech: Australia incites a panic, Bluesky poses the question of custom feeds, and the online things that brought me joy on holiday.
If every country in the world boots its young people from social media, social media companies would face an uncertain future
Continue reading...Biden said that the truce could be a prelude to a ceasefire in Gaza. Netanyahu’s actions seem to indicate otherwise.
The post Israel Agrees to Stop Bombing Lebanon — So It Can Keep Bombing Gaza appeared first on The Intercept.
A weekly email from Yotam Ottolenghi, Meera Sodha, Felicity Cloake and Rachel Roddy, featuring the latest recipes and seasonal eating ideas
Each week we’ll send you an exclusive newsletter from our star food writers. We’ll also send you the latest recipes from Yotam Ottolenghi, Nigel Slater, Meera Sodha and all our star cooks, stand-out food features and seasonal eating inspiration, plus restaurant reviews from Grace Dent and Jay Rayner.
Sign up below to start receiving the best of our culinary journalism in one mouth-watering weekly email.
Continue reading...From spices to seeds, coffee to candles, we opened the doors of some of this year’s more inventive countdown-to-Christmas offerings – with varying results
Advent calendars filled with everything from beauty products to chocolate, Lego to tea, are as much a staple in the run-up to Christmas as drinking too much and listening to Last Christmas for the 1,237th time.
So, we’ve sniffed, tasted and drunk our way through 12 of them, rating them by their contents, value for money, sustainability and festive factor. And for those who want to swerve products altogether, we’ve rounded up the most beautiful, feelgood paper Advent calendars we could find.
Continue reading...Style, with substance: what’s really trending this week, a roundup of the best fashion journalism and your wardrobe dilemmas solved, direct to your inbox every Thursday
Style, with substance: what’s really trending this week, a roundup of the best fashion journalism and your wardrobe dilemmas solved, delivered straight to your inbox every Thursday
Explore all our newsletters: whether you love film, football, fashion or food, we’ve got something for you
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Imagine a world in which you can do transactions and many other things without having to give your personal information. A world in which you don’t need to rely on banks or governments anymore. Sounds amazing, right? That’s exactly what blockchain technology allows us to do.
It’s like your computer’s hard drive. blockchain is a technology that lets you store data in digital blocks, which are connected together like links in a chain.
Blockchain technology was originally invented in 1991 by two mathematicians, Stuart Haber and W. Scot Stornetta. They first proposed the system to ensure that timestamps could not be tampered with.
A few years later, in 1998, software developer Nick Szabo proposed using a similar kind of technology to secure a digital payments system he called “Bit Gold.” However, this innovation was not adopted until Satoshi Nakamoto claimed to have invented the first Blockchain and Bitcoin.
A blockchain is a distributed database shared between the nodes of a computer network. It saves information in digital format. Many people first heard of blockchain technology when they started to look up information about bitcoin.
Blockchain is used in cryptocurrency systems to ensure secure, decentralized records of transactions.
Blockchain allowed people to guarantee the fidelity and security of a record of data without the need for a third party to ensure accuracy.
To understand how a blockchain works, Consider these basic steps:
Let’s get to know more about the blockchain.
Blockchain records digital information and distributes it across the network without changing it. The information is distributed among many users and stored in an immutable, permanent ledger that can't be changed or destroyed. That's why blockchain is also called "Distributed Ledger Technology" or DLT.
Here’s how it works:
And that’s the beauty of it! The process may seem complicated, but it’s done in minutes with modern technology. And because technology is advancing rapidly, I expect things to move even more quickly than ever.
Even though blockchain is integral to cryptocurrency, it has other applications. For example, blockchain can be used for storing reliable data about transactions. Many people confuse blockchain with cryptocurrencies like bitcoin and ethereum.
Blockchain already being adopted by some big-name companies, such as Walmart, AIG, Siemens, Pfizer, and Unilever. For example, IBM's Food Trust uses blockchain to track food's journey before reaching its final destination.
Although some of you may consider this practice excessive, food suppliers and manufacturers adhere to the policy of tracing their products because bacteria such as E. coli and Salmonella have been found in packaged foods. In addition, there have been isolated cases where dangerous allergens such as peanuts have accidentally been introduced into certain products.
Tracing and identifying the sources of an outbreak is a challenging task that can take months or years. Thanks to the Blockchain, however, companies now know exactly where their food has been—so they can trace its location and prevent future outbreaks.
Blockchain technology allows systems to react much faster in the event of a hazard. It also has many other uses in the modern world.
Blockchain technology is safe, even if it’s public. People can access the technology using an internet connection.
Have you ever been in a situation where you had all your data stored at one place and that one secure place got compromised? Wouldn't it be great if there was a way to prevent your data from leaking out even when the security of your storage systems is compromised?
Blockchain technology provides a way of avoiding this situation by using multiple computers at different locations to store information about transactions. If one computer experiences problems with a transaction, it will not affect the other nodes.
Instead, other nodes will use the correct information to cross-reference your incorrect node. This is called “Decentralization,” meaning all the information is stored in multiple places.
Blockchain guarantees your data's authenticity—not just its accuracy, but also its irreversibility. It can also be used to store data that are difficult to register, like legal contracts, state identifications, or a company's product inventory.
Blockchain has many advantages and disadvantages.
I’ll answer the most frequently asked questions about blockchain in this section.
Blockchain is not a cryptocurrency but a technology that makes cryptocurrencies possible. It's a digital ledger that records every transaction seamlessly.
Yes, blockchain can be theoretically hacked, but it is a complicated task to be achieved. A network of users constantly reviews it, which makes hacking the blockchain difficult.
Coinbase Global is currently the biggest blockchain company in the world. The company runs a commendable infrastructure, services, and technology for the digital currency economy.
Blockchain is a decentralized technology. It’s a chain of distributed ledgers connected with nodes. Each node can be any electronic device. Thus, one owns blockhain.
Bitcoin is a cryptocurrency, which is powered by Blockchain technology while Blockchain is a distributed ledger of cryptocurrency
Generally a database is a collection of data which can be stored and organized using a database management system. The people who have access to the database can view or edit the information stored there. The client-server network architecture is used to implement databases. whereas a blockchain is a growing list of records, called blocks, stored in a distributed system. Each block contains a cryptographic hash of the previous block, timestamp and transaction information. Modification of data is not allowed due to the design of the blockchain. The technology allows decentralized control and eliminates risks of data modification by other parties.
Blockchain has a wide spectrum of applications and, over the next 5-10 years, we will likely see it being integrated into all sorts of industries. From finance to healthcare, blockchain could revolutionize the way we store and share data. Although there is some hesitation to adopt blockchain systems right now, that won't be the case in 2022-2023 (and even less so in 2026). Once people become more comfortable with the technology and understand how it can work for them, owners, CEOs and entrepreneurs alike will be quick to leverage blockchain technology for their own gain. Hope you like this article if you have any question let me know in the comments section
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