Lifeboat Foundation

We face complexity, ambiguity, and uncertainty about the future consequences of cryptocurrency use. There are doubts about the positive and negative impacts of the use of cryptocurrencies in the financial systems. In order to address better and deeper the contradictions and the consequences of the use of cryptocurrencies and also informing the key stakeholders about known and unknown emerging issues in new payment systems, we apply two helpful futures studies tools known as the “Future Wheel”, to identify the key factors, and “System Dynamics Conceptual Mapping”, to understand the relationships among such factors. Two key scenarios will be addressed. In on them, systemic feedback loops might be identified such as a) terrorism, the Achilles’ heel of the cryptocurrencies, b) hackers, the barrier against development, and c) information technology security professionals, a gap in the future job market. Also, in the other scenario, systemic feedback loops might be identified such as a) acceleration of technological entrepreneurship enabled by new payment systems, b) decentralization of financial ecosystem with some friction against it, c) blockchain and shift of banking business model, d) easy international payments triggering structural reforms, and e) the decline of the US and the end of dollar dominance in the global economy. In addition to the feedback loops, we can also identify chained links of consequences that impact productivity and economic growth on the one hand, and shift of energy sources and consumption on the other hand.

Watch the full length presentation at Victor V. Motti YouTube Channel

You can protest about the Environment all you want, while some of us actually plant trees to heal it. Kenya is one country that has been instrumental in planting trees. Wangari Maathai had a coffin made of hyacinth, showing how real she was even in death. Ethiopia recently set a record planting trees. Some people talk, while others do. One Kenyan woman’s organization planted over 51 million trees, and still counting. #BeTheDifference

Equity Group has announced plans to implement an ambitious project to plant 35 million trees across the country within a year.

In an effort to conserve the environment, Equity has partnered with Kenya Forest Service (KFS) to promote Farm Forestry Initiatives.

Continue reading “Equity Group kick starts a 35 million trees planting campaign” »

University of Maine’s Advanced Structures and Composites Center just printed a 25-foot, 5,000-pound boat, the largest object that has ever been printed. The exorbitant act earned the college no less than three Guinness World Records.

The awards are as follows: one for the world’s largest prototype polymer 3D printer, one for the largest solid 3D-printed object, and one for the largest boat which has ever been produced by a 3D printer. The 3D printer is designed to print objects as long as 100 feet by 22 feet wide by 10 feet high, and can print at 500 pounds per hour.

Continue reading “World’s Biggest 3D-Printer Makes World’s Biggest 3D-Printed Boat” »

3D Printing was one example of how technological advancement made manufacturing accessible to all. Will robots take all the jobs? I doubt it, but technological advancement will make many things inaccessible, accessible to many more than before, by lowering the cost of production. This is but one example.

Better clear out several shelves of storage space, vinylheads, because your record collection is about to expand into infinity. Soon, you’ll be able to get absolutely anything on vinyl. Even better—you’ll be able to make it.

The Phonocut is an at-home vinyl lathe, allowing anyone with a digital audio file and a dream to make a 10-inch record.

Over the next decade, U.S. banks, which are investing $150 billion in technology annually, will use automation to eliminate 200,000 jobs, thus facilitating “the greatest transfer from labor to capital” in the industry’s history. The call is coming from inside the house this time, too—both the projection and the quote come from a recent Wells Fargo report, whose lead author, Mike Mayo, told the Financial Times that he expects the industry to shed 10 percent of all of its jobs.

Trade wars and a global economic slowdown are creating more opportunities for companies looking for better, cheaper automated options.

Despite this economic pressure, rural America remains one of our nation’s most fertile regions, and recent advances in biotechnology are making it easier than ever to sustainably grow new kinds of valuable goods, from biopharmaceuticals to biomaterials. With the right strategic investments, rural America could see a biotech “bloom.”

I propose a Bio-Belt stretching through middle America to bring new skills and high-paying jobs to communities that desperately need them. This initiative would bolster investment in biotechnology training, education, infrastructure and entrepreneurship in rural areas in order to develop new, sustainable sources of income.

The Bio-Belt is about much more than biofuel. Fermentation is an increasingly powerful force for converting sugar and other forms of biomass into value-added goods—all through the rational design of cells that can be sustainably grown wherever land is abundant.

John Mullan, professor of English literature at University College London, wrote an article on The Guardian titled “We need robots to have morals. Could Shakespeare and Austen help?”.

Using great literature to teach ethics to machines is a dangerous game. The classics are a moral minefield.

When he wrote the stories in I, Robot in the 1940s, Isaac Asimov imagined a world in which robots do all humanity’s tedious or unpleasant jobs for them, but where their powers have to be restrained. They are programmed to obey three laws. A robot may not injure another human being, even through inaction; a robot must obey a human being (except to contradict the previous law); a robot must protect itself (unless this contradicts either of the previous laws).

The jobs that are likely to be automated are repetitive and routine. They range from reading X-rays (human radiologists may soon have much more limited roles), to truck driving, to stocking a warehouse. While much has been written about the sorts of jobs that are likely to be eliminated, another perspective that has not been examined in as much detail is to ask not which jobs will be eliminated but rather which aspects of surviving jobs will be replaced by machines.

The future of work looks grim for many people. A recent study estimated that 10% of U.S. jobs would be automated this year, and another estimates that close to half of all U.S. jobs may be automated in the next decade. The jobs that are likely to be automated are repetitive and routine. They range from reading X-rays, to truck driving, to stocking a warehouse. In this context, employers say that they’re seeking candidates who have other sorts of “soft skills,” such as being able to learn adaptively, to make good decisions, and to work well with others. These sought-after abilities, of course, fit perfectly with the sorts of things that people can do well, but are and will continue to be difficult to automate. All of this suggests that our educational systems should concentrate not simply on how people interact with technology (e.g., by teaching students to code), but also how they can do the things that technology will not be doing soon. These are the skills that are hardest to understand and systematize, and the skills that give — and will continue to give —humans an edge over robots.