China aims to be a leader in AI by 2030

The Chinese government is on a mission to place the country as a world leader in Artificial Intelligence by 2030. Along with the United States, China currently shares the top destinations in tech development. Aiming to get to the global pole position, China is ramping up its strategy, focusing mainly on AI by heavily investing in research, development and applications of AI into diverse areas.

The government plan released in 2017, forecasts that its domestic AI industry will be worth US$150 billion by 2030. “By 2030, we shall make artificial intelligence theory, technology, and application at the world’s leading level,” the Chinese Government said in the release of its top-level AI plan.

China has identified 17 key areas for AI development in China, among them smart vehicles, intelligent service robots, intelligent drones, neural network chips, and intelligent manufacturing, for examples; as well as bringing the value of AI to all levels throughout the supply chain.

In the near-term future, China’s Ministry of Industry and Information Technology (MIIT) hopes to thrive in smart chips for autonomous driving, intelligent vehicle algorithms, and vehicle communications. Over the coming three years, Beijing expects to increase in the size of the AI industry by ten times.

The signs of the AI revolution in China are already visible. Earlier in November, state news agency Xinhua unveils the world’s first AI news anchor who can report ‘tirelessly’ 24 hours a day.

The steps to achieve global dominance reflect the amount of funding destined to technology and AI firms in China. Last year, 48 percent of total global funding of AI startups globally came from China, compared to 38 percent funded by the US, and 13 per cent by the rest of the world.

To be able to sustain the growth of the industry, investments in education and training are hugely necessary — and Chinese authorities do not miss this. From 2019, Chinese pupils will start having AI lessons in primary and secondary schools. According to Xinhua, pilot projects already started running in Shanghai.

In universities, doctoral students who pursue AI-related majors can be paid as high as 800,000 yuan (US$115,234) per year, representing an increase of up to 60 percent from the annual salary of 500,000 yuan (US$72,021) in 2017, says a NetEase report.

Smart Asia: Asian countries lead the race to develop smart cities

The strategy and development of AI applications couples with advancements in terms of implementing smart technologies into urban centres to create the so-called ‘smart cities’.

Governments across Asia are embracing disruptive technologies such as Internet of Things (IoT), artificial intelligence (AI) and blockchain to create effective solutions for the challenges faced by megacities.

The second leading smart city in the world is Singapore, where intelligent transportation and mobility system which have been in place for more than 10 years.

Prime Minister Narendra Modi of India launched a strategy in 2015 to build 100 smart cities in the country. The initiative seeks to invest more than $15 billion over the next few years to develop and implement efficient infrastructure and management solutions.

The engineering behind the structure of smart cities combines multiple digital tools such as location sensing, cloud computing and mobile connectivity.

McKinsey estimates that smart-mobility applications could create up to $70 billion in value and forecasts suggest that by 2023 the smart cities market will be a US$7.6 billion Telco opportunity for mobile service providers (MSP) and network vendors.

Despite the figures above, the real positive impact of smart cities cannot be measured in economic growth or market size; it is instead reflected in a better quality of life, more effective public services and sustainable lifestyle.

“Asian countries are very forward-thinking and famous for welcoming technology and innovation. There is a huge scope for growth in this area and tech companies should be in the lookout for opportunities,” says Stefania Barbaglio, director at Cassiopeia Services.

As we welcome the fourth industrial revolution, and let innovation keep on improving our lives, more systems are set to transform, bringing positive changes to society. Watch this space for more updates on technology projects in emerging markets. Subscribe to our FinancialFox YouTube channel for all the latest developments and news.

Block Commodities’ journey into Uganda: what agriculture needs

Clinton Van Eden, Head of African Operations at Block Commodities hits the road in Uganda to talk to farmers part of Block’s pilot project in Uganda in partnership with Pure Grow Africa.

Block Commodities talks to Jane, smallholder farming from Uganda

According to the World Bank, agriculture employs 70% of Uganda’s population and represent a quarter of its GDP; however, the economic divide between commercial and small-scale farming means that many farmers live at the margin of financial inclusion. According to the International Development firm Trias, most Ugandan farmers earn around ten euros a month. Agricultural output in Uganda has grown at about 2% per annum over the last five years — below the 3–5% growth rates in other East African countries.

Smart agriculture, one that is powered by innovative tools such as drones and AI, have the potential of upscaling output and generating profits for farmers.

As the majority of the population live in rural areas, developments in agricultural technology, ICT, and agribusiness models cannot only boosts economic activity but also offer better employment prospects for the young generation and improve quality of life for farmers.

Hoping to bring economic opportunity and social change to African farmers, Block Commodities is developing Farmer 3.0, an integrated ecosystem of smart agriculture harnessing disruptive technologies to optimise agricultural activity and output using a blockchain-powered platform along with machine learning, predictive behavioural analytics and data-driven marketing.

Farmer 3.0 pilot project was launched in September and contemplates 1,000 Ugandan smallholder farmers with cryptocurrency loans for farmers to purchase fertiliser and use of technology to enhance production.

Clinton van Eden, Head of African Operations at Block Commodities, along with Bobby Juuko Kimbugwe, CEO at Pure Grow Africa visited farmers in rural Uganda to hear about their experiences and challenges.

“We lack funding to grow our production, and we need the training to ensure better techniques,” says Jane, a 46-year-old small-scale farmer in remote Uganda. Jane’s stories are typical across Africa. She raises pineapple, banana, cassava and coffee; part of her production goes to feed her family, the remaining is sold at the local level.

Among her recent pineapple production, some of the produces were affected by pests and cannot be sold or consumed — a problem that could be solved if only Jane could afford to use pesticides. “Use of pesticides can increase production in 20 to 50% in terms of quantity and quality,” says Clinton.

Furthermore, access to information and education is another crucial factor to make sure farmers take most of the technologies that are available to them. Jane, for example, doesn’t understand the value of her own crops. These hindrances contribute to keeping farmers like Jane at the margin of the economy and trade, not being able to be an integral part of the agricultural market.

On top of that, the information gap means that many farmers still use the old-fashioned way of farming, which is inefficient and holds back output. In a country where half of the women are illiterate, this is even more dramatic. “More than offering technologies and tools, our job is to close the information gap and educate these farmers so that they can take the most of their lands,” says Clinton.

The long-established agricultural system in Africa has only addressed the external needs and interests of commercial players. It is about time we developed an ecosystem which prioritises the people of Africa. “We place smallholder farmers at the centre of our work. We want them to understand that they don’t need to have money on their hands to grow production,” says Bobby from Pure Grow.

“Our mission is to take the burden off the farmers’ shoulders so they can focus only on production and let them be the best farmers they can be,” adds Clinton.

Innovation and technology can support a revolution in the agricultural and food industry, allowing Africa to fight hunger and poverty, as well as becoming an agri-food powerhouse and an important player in the global food market.

Upon successful completion of the pilot phase in Uganda, Block Commodities aims to expand the scheme to 50,000 smallholder farmers linked to Pure Grow.

Watch this space for more updates on Block Commodities and blockchain projects in Africa. Subscribe to our FinancialFox YouTube channel for all the latest developments and news.

“Without our community, DigiByte would be nothing,” says DGB founder Jared Tate at the first UK…

“Without our community, DigiByte would be nothing,” says DGB founder Jared Tate at the first UK Digibyte Event in London

Cassiopeia is thrilled to share the success of the first ever kind of exclusive DGB event in the UK which took place in London last Sunday 18th November.

The founder Jared Tate attended the reception to give DGB community a first-hand insight into his vision and DGB future. In Jared’s own words, he conceived the idea of DGB as an improvement over the Bitcoin protocol. “The main difference between bitcoin and DBG is in the very origin of their blockchain: DGB’s genesis block was created keeping in mind the safety and privacy of online customer data.”

DigiByte is a forward-thinking coin: DGB had no ICO or pre-mining. It is largely decentralized, which means full user autonomy. DGB has one of the strongest user cases in the cryptocurrency market: DGB can support over 48 million transactions a day –10 times the current transaction capacity of the top 50 blockchains by market cap. DigiByte can handle the expected transactions from several million users instantly, with no changes needed to the existing blockchain. The DGB platform can also support arbitrages and fund remittances.

Five years since the inception of the coin, Jared feels ‘exciting overwhelmed and very happy’ by the support and strength of the DGB community.

The community-driven effort and the tremendous faith that Jared has in the people supporting his project are the key factors that make DGB so unique and compelling. So much it is true that Jared says one of DGB’s leading developers is someone who he has never met but because of trust his vision and idea.

The potential of DGB as a mass-adopted cryptocurrency lays on its strong cybersecurity feature — and the deployment of blockchain technology to address the security flaws online.

Jared thinks that the internet, as it is today, is fundamentally broken. The centralised databases which currently support the system act as a catalyst for single points of failure. Thus, what DGB has intended to and continued to strive to achieve is to provide an utterly decentralised platform which is efficient, fast and secure.

One of the major updates of DigiByte is the improvement of one of its five mining algorithms that changes itself every 10 days. This has increased the security of the network by making it hard for coders and developers to guess the sequence and manipulate the blockchain.

When asked about his vision for DGB, Jared highlighted the importance of ‘Digi assets’, a second layer is built on top of the DGB blockchain. The Digi assets promise to be a revolution in the field of data privacy and security. Some of the sectors which is set to revamp are the health care system, real estate, politics, as well as improving payment and remittance systems.

Another special guest was DANIEL SKOWRONSKI Co-Founder and CEO of DX. Exchange. DX is the first fully EU regulated, complete crypto community that allows institutions and individuals to trade cryptocurrencies with fiat. Having years of experience trading on the financial market, Daniel is building DX Exchange on the Nasdaq’s leading matching technology.

From DigiByte’s perspective, the listed on DX exchange is a big milestone. “I’m very excited to bring DigiByte into DX Exchange. I believe the coin has a great future,” said Daniel to DGB investors.

The event was successful not only because all the investors were so engrossed in Jared’s insights but also because this was the first time in the UK that DGB enthusiasts could meet one another. Apart from founder Jared Tate, other special guests included Steem blockchain ambassador Stephen Kendal and the founder members of the DigiByte Awareness Team.

The interaction between investors was friendly and energetic. There were plenty of questions and raised between the guests to be answered by Jared and much knowledge was shared among the DGB community. In an interactive way of displaying the peer to peer transaction of Digicoins, Deano from the DigiByte Awareness Team purchased the DGB socks from another DGB investor by transferring him 100 DGB instantly and in real time.

The atmosphere reflected the true spirit of DGB: open, transparent, engageing. While the coin continues to strive towards excellence and improve its protocol, we can see that its ideology remains the same — and this is what it makes DGB so powerful and game-changing.

Digibyte Blockis a technology for the people, by the people.

Watch highlights of the event here

Reply from the Stars: New app to talk to your favourite celebrities

Innovative tech company Right of Reply announces the launch of Reply from the Stars, a communication platform deploying digital identity to allow widely followed individuals to communicate with specific members of their audience.

it’s important for celebrities to communicate regularly and continue to build their individual brand on a daily basis, but the tabloid culture has created problems around gossip and defamation leading many celebrities to back away from traditional media. Reply from the Stars aims to prevent defamation and libelous attacks by tabloid press, protecting celebrities’ reputation as well as their privacy. With this brand new platform, celebrities can communicate directly with their fan base in a fully verified and secured environment.

“One of the main problems with one-to-one communication online is trusting the identity of the person on the other side. With Right of Reply we have created a special technology to identify each user based on their social media and national IDs,” says Matteo Flora digital reputation expert. “After a user goes through our identification process, the platform will generate a token so the celebrity can be sure to be talking to their fan and not anyone else.”

The true value of the platform is in generating tokens that are assigned to each user. Each token will have a unique value that provides financial compensation for the celebrity, which can then, for example, be directed to charitable causes. The main purpose of the platform is to provide a new channel for influential figures to interact personally with their fan base whilst engaging in philanthropic activities.

Furthermore, the app ensures end-to-end encrypted messages which cannot be accessed by any third party to ensure maximum privacy and minimum exposure.

For the time being, ‘Reply from the Stars’ is being targeted at footballers, soap opera and stars. Who will be the first celebrities on Reply from The Stars app? Stay tuned to find out.

Right of Reply is developing a range of platforms designed to improve debate online and manage online reputation. Visit its page https://rightofreply.news

RoR Politics: A digital solution to promote healthy political debate online

A first-of-its-kind project tailored for political debate, creating an integrated environment where “discussions on matters of public interest can be initiated and continued with contribution from different political parties and a fact-checking mechanism to support both sides equally,” said Matteo Flora, from Right of Reply.

Social media has become the primary means for businesses, politicians and decision makers to reach their audiences. As a consequence, we have witnessed the growth of fake news and increased media distrust, so political parties need tools to communicate clear and transparent messages to the public, reducing bias and partisanism, as well as nurturing a more informed and conscious electorate.

With widespread misinformation and biased content emerging from the political realm on social media, voters are increasingly vulnerable to manipulation by information fabricated to fit into propaganda.

In fact, research by the European Commission showed that, 85 percent of EU respondents believe fake news to be a problem in their country, with almost 83 percent perceiving false or misrepresentative information as a threat to democracy.

Addressing this problem, innovative tech company Right of Reply has designed a digital platform, RoR Politics, to counter misinformation and political propaganda online. RoR Politics is convenient and easy to navigate, making truthful information easy to reach, preventing bias and social bubbles.

“Most people are not used to looking into political debates anymore and are confined inside their own social media bubbles, always consuming the same kind of information,” Matteo adds.

Information displayed on RoR Politics is verified by an independent body, partner to RoR with no political affiliation to ensure balance. More than fact-checking, RoR Politcs is about creating an open environment for constructive political debate.

How does it work?

RoR Politics allows replies to be embedded in the same place as the original content, promoting open, democratic debate through five RoR patented tools:

1. About Me, About You: Automated updates on any web content — article, image, video, blog, forum — which mentions or quotes a particular politician, candidate or party in any manner; with new content specifically highlighted.

2. Speak Truth: Allows response to content by writing a reply and offering evidence of facts, helping the public to draw accurate conclusions by offering evidence and contextualisation.

3. Offer Debate: Offers the candidate cited and/or their opponent the opportunity to respond to specific content by writing a reply.

4. Response Available: Signals to voters and the general public on other search engines that the candidate’s response to content is available.

5. Public Talk: Creates one single certified online repository about a cited candidate and/or their opponent, including all content. Allows comparison between rival platforms and voting history.

Stefania Barbaglio, from Right of Reply commented: “Right of Reply is a socially aware company concerned about fairness and justice in all spheres. We harness innovative technologies to counter unfair content online and allow users to make informed decisions based on the truth. RoR Politics opens the gate to an era of accountability and truth in politics, re-establishing the balance of power in democratic societies in a time of weakening democratic institutions.”

Right of Reply is developing a range of platforms designed to improve debate online and manage online reputation. Visit its page https://rightofreply.news

Cassiopeia presents: CargoCoin

Cassiopeia Services, the boutique IR/PR agency leading the blockchain revolution is thrilled to announce CargoCoin as the fourth confirmed company presenting at our Symposium on Wednesday 21st November at the May Fair Hotel.

CargoCoin is revolutionising global trade and transport by implementing decentralised technologies into the supply chain. The company links the physical world of trade, transport and logistics with the blockchain by replacing paper documents with smart contracts and providing secure escrow payments throughout the process. Incorporating blockchain into the supply chain means stronger ethics, more sustainability and better consumer protection.

A supply chain encompasses many levels, from manufacturing to consumer use and multiple actors in between: producers, shippers, warehouses and governments to name only a few. The current globalised manufacturing system implies that these typically complex supply chains actually surpass geographical boundaries, sometimes intercontinentally. In the current model, this results in a lack of transparency. Consumers have limited knowledge and understanding of the manufacturing process, allowing flaws and discrepancies to go unnoticed by the public eye.

An open-sourced traceable supply-chain can help tackle problems like Payment Cycle, cybersecurity and Fraud Prevention by establishing a trust protocol, as records are inalterable and cannot be deleted. Furthermore, an integrated system is likely to reduce the time and costs involved in the process. It is estimated that costs of trade-related paperwork amount to about 15 to 20 percent of transport expenditure. With blockchain, key quality indicators can be recorded from IoT devices from each point of the product’s journey, lowering fees, which ultimately results in cost savings.

Joshua Alexander, investment advisor and cyber security auditor, will be presenting Cargo Coin this Wednesday at our symposium.

About Cassiopeia Investor Symposia

The Cassiopeia Symposia series are exclusive events for selected companies and investors to network in an informal and friendly setting. We facilitate connections and an ongoing dialogue between companies and market opinion leaders.

At the end of each presentation, investors will have the opportunity to ask the management team questions during a Q&A session, after which a fine selection of drinks and canapes will be offered to all our guests.

In addition to CargoCoin, we will introduce guests to Andalas Energy, an AIM-listed company which has been in the spotlight recently over its newly-acquired assets in the North Sea as well as its positioning in Indonesia; and Right of Reply, an innovative technology company with a flagship blockchain-powered platform for online reputation management, coming soon onto the LSE market. We will also hear from the developers of Neurotrader, a software application designed to maximise trading performance and generate consistent rates of returns to investors.

You can watch presentations from the previous symposia and exclusive interviews with CEOs on our YouTube channel here

REGISTER https://www.eventbrite.co.uk/e/cassiopeia-investor-symposium-tickets-47398735895

NeuroTrader: Harnessing biodata to optimise real-time trading performance

There are many factors one should consider before making decisions in the trading process. Whereas research about company performance, market outlook and stock trends are certainly important, there is also a psychological element that is very often overlooked by investors, which holds them back from gaining better returns from their trading activities.

Trading activity, often assumed to be based on logical and analytical behaviour in order to balance out the inherent risk and possible gains, is often strongly impacted by the trader’s state of mind. Stress, excitement and overstimulation are among the many variables which can lead to risky trading decisions and potential losses. The forces affecting trading decisions are indeed multifactorial but directly impact the outcomes.

Very often, financial losses can be attributed to poor decision making arising from fear, trepidation and anxiety, each of which show specific biological patterns. When investors get too emotionally involved with trading, they are more apt to take greater risks, which quite possibly lead to less favourable returns. Financial gains, on the other hand, tend to result from clarity and optimism, which have their own biological patterns, better known as “biomarkers”.

Emotions such as fear and greed are common in a trader’s daily life. Stocks and markets are, after all, fluid systems and bad news is bound to crop up. however, these emotions are misleading and as result, compromise trading performance. In order to ensure better results, traders should discipline themselves to override their instincts and move past the emotional response. This reflects on the figures; only 5% of traders make a profit at the end of the year.A reliable solution to prevent emotions from hindering optimal trading performance is a tool which provides insights into the trader’s neurosystem, informing smarter decisions. But is there such a solution without resorting to algorithms or robots?

NeuroTrader is a suite of software applications which can enhance traders’ decision-making effectiveness with wearable technology. Based on the concept of trading as a peak performance sport, NeuroTrader is creating the science of optimal decision making.

Real-time monitoring of the traders and their biodata provides an opportunity to mitigate risk, optimise performance and create stable and consistent rates of return as a function of the traders’ biological responses to price and market sentiment.

NeuroTrader is the system to help investors make better choices based on clinical analysis and objectivity. By analysing biodata collected via wearable technology, NeuroTrader can discern different human performance states and therefore inform trading decisions based upon the biological state of the trader, providing an advanced risk-management tool for every trade.

Neurotrader is initiating its pilot program in February next year, in which it will be monitoring 100 traders globally over a 6-month period. The NeuroTrader team, with 10 years of research and testing in the field, expect the platform to mitigate on average 20% of trading errors.

The industry has already taken the route of eliminating humans from trading and using machine learning to improve trading results, but the problem for financial institutions is that they have misunderstood the limitations of these technologies.

“There is a perfect middle ground where machines assist human performance; this is a paradigm-shift where machines serve people to achieve greater heights, not to make them redundant,” says Ken Medanic, the creator and founder of NeuroTrader.

NeuroTrader promises to be one of the first technologies to improve behavioural patterns in trading activity — suitable for both individuals and institutional investors. Hear more about this exciting tool in person. Don’t miss NeuroTrader’s presentation at Cassiopeia Investor Symposium! Register here

NeuroTrader: Harnessing biodata to optimise real-time trading performance

There are many factors one should consider before making decisions in the trading process. Whereas research about company performance, market outlook and stock trends are certainly important, there is also a psychological element that is very often overlooked by investors, which holds them back from gaining better returns from their trading activities.

Trading activity, often assumed to be based on logical and analytical behaviour in order to balance out the inherent risk and possible gains, is often strongly impacted by the trader’s state of mind. Stress, excitement and overstimulation are among the many variables which can lead to risky trading decisions and potential losses. The forces affecting trading decisions are indeed multifactorial but directly impact the outcomes.

Very often, financial losses can be attributed to poor decision making arising from fear, trepidation and anxiety, each of which show specific biological patterns. When investors get too emotionally involved with trading, they are more apt to take greater risks, which quite possibly lead to less favourable returns. Financial gains, on the other hand, tend to result from clarity and optimism, which have their own biological patterns, better known as “biomarkers”.

Emotions such as fear and greed are common in a trader’s daily life. Stocks and markets are, after all, fluid systems and bad news is bound to crop up. however, these emotions are misleading and as result, compromise trading performance. In order to ensure better results, traders should discipline themselves to override their instincts and move past the emotional response. This reflects on the figures; only 5% of traders make a profit at the end of the year.A reliable solution to prevent emotions from hindering optimal trading performance is a tool which provides insights into the trader’s neurosystem, informing smarter decisions. But is there such a solution without resorting to algorithms or robots?

NeuroTrader is a suite of software applications which can enhance traders’ decision-making effectiveness with wearable technology. Based on the concept of trading as a peak performance sport, NeuroTrader is creating the science of optimal decision making.

Real-time monitoring of the traders and their biodata provides an opportunity to mitigate risk, optimise performance and create stable and consistent rates of return as a function of the traders’ biological responses to price and market sentiment.

NeuroTrader is the system to help investors make better choices based on clinical analysis and objectivity. By analysing biodata collected via wearable technology, NeuroTrader can discern different human performance states and therefore inform trading decisions based upon the biological state of the trader, providing an advanced risk-management tool for every trade.

Neurotrader is initiating its pilot program in February next year, in which it will be monitoring 100 traders globally over a 6-month period. The NeuroTrader team, with 10 years of research and testing in the field, expect the platform to mitigate on average 20% of trading errors.

The industry has already taken the route of eliminating humans from trading and using machine learning to improve trading results, but the problem for financial institutions is that they have misunderstood the limitations of these technologies.

“There is a perfect middle ground where machines assist human performance; this is a paradigm-shift where machines serve people to achieve greater heights, not to make them redundant,” says Ken Medanic, the creator and founder of NeuroTrader.

NeuroTrader promises to be one of the first technologies to improve behavioural patterns in trading activity — suitable for both individuals and institutional investors. Hear more about this exciting tool in person. Don’t miss NeuroTrader’s presentation at Cassiopeia Investor Symposium! Register here