A group of European banks stated that it conducted a number of real-time financial transactions using a jointly developed blockchain-based digital platform we.trade, reports Coindesk. Financial transactions were carried out in real time during the last five days between 10 companies. The project involved four banks that used the blockchain technology. "As we.trade moved from pilot applications...

According to the Brookings Institute, most Americans are confident that the robots may not completely but almost everywhere replace people in 30 years. The widespread distribution of robots often frightens people, especially considering that artificial intelligence (AI) can surpass human intelligence one day. Therefore, a significant number of respondents want the development of robotics to be...

New categories of devices appear on the market from time to time. Some of them become incredibly popular, for instance, smartphones. Others are less interesting. However, sometimes it takes more than one year before new devices spread around, and only after some time leaders of the new market segment emerge. Recently, Google announced the next version of its Android P, a mobile OS, which has...

To keep up with the United States and China in the field of artificial intelligence, Europe must follow the example of physicists who created CERN, and establish a scientific association CLAIRE in Europe, scientists from 20 countries call. Artificial intelligence (AI) will lead to cardinal social and economic changes throughout the world, and Europe. In order not to lag behind North America and...

Automation is good for economic growth but bad for equality, say working papers of the International Monetary Fund (IMF). Increasing productivity with the help of robots leads to a fall in wages in the short term and results in an increase in the return on capital - both conventional and robotic assets. The further accumulation of capital increases demand for labor and leads to a long-term growth...

The US authorities approved ten pilot programs, within which companies will be able to test commercial use of drones. The list of winners included Apple, Alphabet, Microsoft and Uber. The US authorities will monitor implementation of these programs and, on the basis of the data obtained, develop new rules for unmanned aerial vehicles (UAVs). On Wednesday, the US Department of Transportation...

Watermarking is one of the most widely used identifying techniques in banknote printing industry, so as to discourage counterfeiting with the help of highly complex printing processes. Appearing under the form of cleverly-integrated patterns visible through various shades of lightness, watermarks are the result of decades of intensive R&D, shedding light on how the secure printing industry turn banknotes into symbols of national sovereignty and public power.

The European Central Bank (ECB) announced launch of a cyber security audit program for the banking system. In addition to full-time employees, the system will also be tested by hackers who will try to detect flaws by simulating real hacking attempts. Yesterday, the ECB announced commencement of the first pan-European program, during which participants in the financial market will be tested for...

Moody `s rating agency published a study in which it says that development of modern banking technologies already has a revolutionary impact on the world banking industry. The agency's experts believe that those banks that introduce new technologies into their work attract more customers and get more growth prospects. On the other hand, those that hold onto traditional ways of doing business have...