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You Do Not Need Blockchain: Eight Well-Known Use Cases And Why They Do Not Work

Reading time9 min
Views3.7K

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People are resorting to blockchain for all kinds of reasons these days. Ever since I started doing smart contract security audits in mid-2017, I’ve seen it all. A special category of cases is ‘blockchain use’ that seems logical and beneficial, but actually contains a problem that then spreads from one startup to another. I am going to give some examples of such problems and ineffective solutions so that you (developer/customer/investor) know what to do when somebody offers you to use blockchain this way.


Disclaimers


  • The described use cases and problems occur at the initial stage. I am not saying these problems are impossible to solve. However, it is important to understand which solutions system creators offer for particular problems.
  • Even though the term ‘blockchain use’ looks strange and I am not sure that blockchain can be used for anything other than money (Bitcoin), I am going to use it without quotes.

1. Supply chain management


Let’s say you ordered some goods, and a carrier guarantees to maintain certain transportation conditions, such as keeping your goods cold. A proposed solution is to install a sensor in a truck that will monitor fridge temperature and regularly transmit the data to the blockchain. This way, you can make sure that the promised conditions are met along the entire route.

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Implementation of the digital mobile-only bank in Kazakhstan

Reading time9 min
Views4.1K
In today’s world, Kazakhstan carries out significant improvement work for the economic situation of the country. As part of a commission from Head of State, National Bank of Kazakhstan has revoked licenses of three commercial bank pursued high-risk policy (NBK, 2017). Furthermore, over the past 10 years, 7 second-tier banks have gone into liquidation as well as the liabilities of the commercial banks as a whole have increased by 70 per cent or 5.5 trillion Tenge (Hereinafter — KZT). NBK plans to continue treatment the real economy sector, withdrawal of financial institution, restructuring its assets to well-balanced entities.

On the other side of the world, the digital and mobile banks namely, Starling bank, Monzo, N26 are becoming increasingly popular among society in the United Kingdom. As a vivid illustration, Starling Bank has increased considerably the number of customers for 8 times (up to 400 000 people) at the end of the 2018 year (Starling Bank, 2019). At the same time, one million clients have joined and used Monzo’s services (Monzo). Such tendency establishes substantial competition for all players including high-street banks in the payments market.

In consequences, the main object of the paper is identification the advantages of digital bank and illumination capabilities to deploy analogous mobile bank in Kazakhstani real financial sector.
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Cryptocurrency market valuation to hit $1 trillion this year -Cryptocurrency Predictions 2019

Reading time2 min
Views824
Cryptocurrency market valuation to hit $1 trillion this year. The market cap of cryptocurrency seems to just increase. Even though some of the individual ones are falling but cumulatively, the market cap seems to increase year-on-year.

According to the CEO of Kraken, Jesse Powell, cryptocurrencies would see accelerated growth. They would be able to pull back from the bottom to new highs.

According to him, there are many businesses revolving around cryptocurrencies now. Also, there are many people in the know-how of cryptocurrency is no
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Factors of the Bitcoin’s value

Reading time8 min
Views1.2K

Introduction


In the modern world, new technologies become important factors of the development of financial sphere of world economy. Emergency of such cryptocurrency as Bitcoin is connected with both great opportunities and certain risks for the users of this cryptocurrency. The aim of the present work is to determine the main factors which affect the price of Bitcoin.
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Stonehenge. The secrets of megaliths

Reading time2 min
Views1.2K
A version how people transported megaliths in Stonehenge.

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They started their work in summer.

They prepared road for transportation. They needed a clean and glade road without stones and other irregularities. (No.4 on picture)
Perhaps they cut the topsoil and covered the road with clay. (No.3 on the picture)
On each side they made curbs ( 5-10 cm). (No.2 on the picture)
They used clay because they wanted to hold water inside the road.
In autumn rains filled road with water. It looked like a big puddle. (No.5 on the picture)

In winter road froze. Then they got a smooth ice skating rink slightly wider than a megalith.

Megaliths (No.11) were transported in winter.

Mechanism and vehicles for transportation were prepared in summer.

Mechanism consisted of three parts.

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Making a DIY thermal camera based on a Raspberry Pi

Reading time6 min
Views61K
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Hi everyone!

Winter has arrived, and so I had to check the thermal insulation of my out of town residence dacha. And it just turned out a famous Chinese marketplace started to sell cheap thermal camera modules. So I decided to DIY it up and build a rather exotic and useful thing — a heat visor for the home. Why not? Especially since I had a Raspberry Pi lying around anyway… The result is down below.
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Meet A Content Strategist: An Interview with Dmitry Kabanov, Techstars Startup Digest curator and SXSW Advisor

Reading time3 min
Views932
Dmitry learned the language of business but I think about the world as an engineer. He works with tech brands to create content and promote corporate culture at scale. Apart from it, he is one of the veterans at Techstars Startup Digest, and he is acting as an advisor for the SXSW tech festival.

Here is his interview with the LAMA app platform.

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Is Haskell really the language of geniuses and academia?

Reading time9 min
Views27K


I once had a discussion with a founder of an Israeli startup developing a GPU-based database with a focus on speed. The work stack included Haskell and C++, among others, and the founder was complaining about how hard it is to find competent programmers. Which was part of the reason he came to Moscow.

I carefully asked if they considered using something more popular and new. And even though the answer was rather polite and well-supported with arguments, it still sounded like “Come on, don’t even bring up these toys”.

Until then, all I heard about Haskell could be summarized as “be VERY careful in dealing with it”. To get to know Haskell programmers better, I came to a topical Telegram chat with some questions. I was quite afraid at first, and, as it turned out, I was right.

Haskell doesn’t lend itself to popular explanation, and people seemingly don’t even try. If the topic is ever brought up, it’s only talked about in full depth and as objectively as possible. Someone wrote to me: “One of the defining features of both Haskell itself and its community is that they didn’t try to achieve any kind of mainstream recognition. Instead, they focused on building a logical, principal way of solving real problems over trying to appease the widest audience possible”

Nevertheless, a couple of people did tell me about their experiences, which are shown below.
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Choosing true wireless earbuds: 6 months later…

Reading time6 min
Views5.9K


Once I put on true wireless headphones and all the cables after that (even if it's a flexible headband on a “wireless” headset), became annoying. So I’ve tried a lot of AirPods-like earbuds in order to find the best ones. In 2018 aside from the AirPods themselves I tried: Jabra Elite 65+, Samsung IconX 2018 and Sony WF-1000X. The result was a neat table with all the objective data. Everything else — my personal opinion — let's discuss in the comments.

Smart Lock: Why sloth is a driver of the IoT progress

Reading time6 min
Views1.8K
When you are sitting in your comfy chair in your cool modern office, anything distracting you from your favorite routine is really annoying. Some may call it a sign of sloth, but in fact, it relates to optimization of workflows. Our computers and smartphones provide us with many opportunities to do a lot without leaving our place. Software as such cares about our control over the physical world by just clicking and tapping. Indeed, the digitization advances: what people have had to do with their muscles for centuries in the past, could be done with either a voice command or a text message today thanks to numerous remotely controlled gizmos. And the IoT plays a crucial role in all this for a reason.
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Real-time Chat Solutions vs Chat Platforms — Make Your Choice

Reading time4 min
Views3.9K
It’s More Than You Imagine…

The possibility of acquiring more profit through a chat app solution is gaining popularity than adopting to monthly plans based chat platforms


With the rise of instant conversation among the users, it's not surprising that the global mobile messaging app is estimated to reach around 2.1 billion active users by 2020. When the communication lies as the significant action in nature, then in fact the underlying tool “messaging application” also acquires the same importance. Thus, every chat platforms like WhatsApp demand a great market value according to the features and functionalities listed. Most of the business professionals and enterprises are urged to rely on subscription-based plans to avail such messaging platform.
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Designing Sound for Pathfinder: Kingmaker

Reading time16 min
Views3.3K


Pathfinder: Kingmaker (PF:K for short) is a role-playing video game created by Owlcat Games, released in Fall 2018 on Steam and GoG. Inspired by classic Bioware games, this project uses a popular board game system ruleset, combat takes place in Real-Time with Pause, follows an isometric camera, and has a non-linear story with multiple unique endings.


In this article, I will share a little about how we worked on designing the audio throughout the game’s development including task management, the search for inspiration, and troubleshooting. An experienced specialist may not find anything particularly groundbreaking in this recap, but beginners and enthusiasts will definitely discover some points of interest.

Independent Tests of Baikal-T1 — the first Russia's 28 nm SoC — and BFK 3.1 Evaluation Board

Reading time10 min
Views6.3K
Tech journalist Igor Oskolkov of 3DNews.ru has recently tested publicly available version of the evaluation board or, as the vendor calls it, the developer software-hardware complex, under the code name BFK 3.1 with the Russian SoC Baikal-T1 based on the MIPS P5600 Warrior architecture. Here goes the English translation of his text, that was first published in Russian by servernews.ru.
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Top 10 IoT sensors in 2019

Reading time8 min
Views5.1K
The very paradigm of automation where IoT solutions play a key role is based on a presumption that machines can act in both autonomous and intelligent manners. And what enables them doing so is a capability of handling tremendous flows of collected data.

The collectible data includes those various signals that both animate and inanimate object can send to the IoT systems. Hence, the objects should have some highly specific signal-generating devices to share information within the IoT.
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Flightradar24 — how does it work?

Reading time4 min
Views123K
I’m going to hazard a guess and say that everyone whose friends or family have ever flown on a plane, have used Flightradar24 — a free and convenient service for tracking flights in real time.



But, if my friends are any indication, very few people know that the service is community-driven and is supported by a group of enthusiasts gathering and sending data. Even fewer people know that anyone can join the project — including you.

Let’s see how Flightradar and similar other services works.
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My Pascal compiler and Polish contemporary art

Reading time5 min
Views7.2K

Origins


Several years ago I wrote a Pascal compiler. The motivation was simple: as a teenager, I had learnt from my first programming textbooks that a compiler is a very sophisticated thing. This claim eventually became a challenge and required to be tested by experience.

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First, a simplistic PL/0 compiler came into being, and later an almost fully-functional Pascal compiler for MS-DOS has grown from it. My source of inspiration was the Compiler Construction book by Niklaus Wirth, the inventor of the Pascal language. I don't care if Wirth's views are now considered obsolete and have no direct connections to the IT mainstream, or if the compiler design fashion has changed. It is enough to know that his techniques are still simple, elegant, and — last but not least — bring much fun, since it is more appealing to parse a program source with a handwritten recursive descent parser and generate the machine code, rather than to call yaccs, bisons and all their descendants.

My compiler's fate was not so trivial. It has lived two lives: the first one in my own hands, and the second in the hands of computer antiquarians from Poland.

6 Applications for the Industrial IoT

Reading time6 min
Views2.2K
“Come on, baby, what’s wrong? Tell me what you need,” my uncle Nicholas was shredding up his old car’s engine, which totally refused to start. Being a schoolboy back then, I was absolutely sure that any exhortation my uncle voiced was powerless against a dumb ton of metal. Talking to a car was just a psychological trick that probably helped my uncle cope with exasperation. Moreover, neither me nor my uncle believed in a possibility to communicate with “dead metal” sometime in the near future. That was in the mid-1980s. When I reached the age of my uncle, the situation changed radically.
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Building a Private Currency Service Using Exonum

Reading time9 min
Views1.4K
Zero-knowledge proofs/arguments are an emerging cryptographic technology that promises to bring us closer to the Holy Grail of blockchain: providing data privacy and auditability.

Potential applications for zero-knowledge include, but are not limited to:


Another application for zero-knowledge proofs is helping blockchains scale. ZKPs allow for the “compressing” of computations for blockchain transactions without sacrificing security.

In this article, we describe how zero-knowledge (specifically, Bulletproofs) can be applied to build a privacy-focused service using Bitfury’s Exonum platform.

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Microsoft Q# Coding Contest – Winter 2019

Reading time3 min
Views1.8K

Microsoft’s Quantum team is excited to announce the Q# Coding Contest – Winter 2019! In this contest you can put your quantum programming skills to the test, solving quantum computing tasks in Q#. Winners will receive a Microsoft Quantum T-shirt!


Quantum computing is a radically different computing paradigm compared to classical computing. Indeed, it is so different that some tasks that are believed to be classically intractable (such as factoring integers or simulating physical systems) can be performed efficiently on a quantum computer. In 2017 Microsoft introduced the Quantum Development Kit which includes the Q# programming language. Q# can be used with Visual Studio, Visual Studio Code or the command line, on Windows, macOS, and Linux.


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