Ford Motor Company announced today that it was acquiring two transportation software companies, Autonomic and TransLoc. It also announced it would be reorganizing its mobility subsidiary in a bid to accelerate the delivery of new products, like microtransit services and self-driving cars. The news comes as the automaker’s stocks remained stagnant despite a raft of high-profile announcements during CES and the Detroit Auto Show about its investment in mobility services and electric cars.
Ford didn’t disclose the sum of the acquisitions, but did say the two startups would help develop the automaker’s forthcoming Transportation Mobility Cloud, an open-sourced platform for cities and other transportation partners. Ford said it would expand…
Taking on Financial Institutions
Ethereum co-founder Vitalik Buterin is optimistic about the future of his blockchain platform, sharing his predictions during a talk with AngelList founder Naval Ravikant at TechCrunch’s Disrupt SF 2017 event on September 18.
Despite the growing popularity of Ethereum and other technologies like it, a large majority of people still don’t know what blockchain is or what it does. However, once the technology does reach the mainstream, Buterin believes it will be able to take business away from major credit card companies. He sees this shift potentially taking place in the next “couple of years.”
Before Ethereum can compete with the likes of Visa and MasterCard, though, the platform will need to speed up. “Bitcoin is processing a bit less than 3 transactions per second,” Buterin explained to Ravikant. “Ethereum is doing five a second. Uber gives 12 rides a second. It will take a couple of years for the blockchain to replace Visa.”
According to Business Insider, the co-founder said he expects to see low-security financial prototypes revealed within the next year, which may signal the beginning of Ethereum’s ability to disrupt mainstream finance. That said, a few more years will be needed before their effectiveness can be proven.
From Finance to Cloud Computing
Buterin’s thoughts on the capabilities of blockchain extend beyond finance and into the world of cloud computing. While he believes Ethereum has a solid chance at changing the financial world, Buterin is less optimistic about its effect on cloud services, such as Amazon Web Services (AWS).
Those services are often used by private companies to host proprietary content (think Netflix’s data), and convincing them of the security of Ethereum’s decentralized network could be difficult. “In general, there’s always going to be this large set of applications where decentralized approaches don’t work that well,” Buterin said.
Expect Ethereum to continue to be embraced by other corporations, however. In the last two months alone, a Russian airline used Ethereum to issue tickets, and Microsoft released their own Ethereum-based protocol. The platform may not impact every aspect of society, but it’s certainly checking quite a few off the list.
Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.
The post CEO: Ethereum Could Challenge Credit Card Companies In “A Couple of Years” appeared first on Futurism.
So you have an iPhone 7 or iPhone 7 Plus and after yesterday’s keynote you are unsure if there’s any reason to switch to the iPhone 8 or 8 Plus. Or maybe you’re just looking to find how much of an upgrade the new models are. Either way you’ve come to the right place. We went through all differences between the new iPhone 8 Plus and found 7 solid ones to justify an upgrade over the 2016 to the 2017 iPhones. Design The iPhone 8 Plus has an all new glass back and one new color option. Apple promises that its new Ion-strengthened glass is the toughest yet on a…
Hitman Sniper [$ 0.99] continues to be a very entertaining game, and the constant updates with new events and new weapons certainly haven’t hurt the game. It’s actually great to see how well this game has been supported, even though it’s been out for quite a few years. The latest update is one of the most entertaining ones because it blends the seriousness of Hitman Sniper with the craziness that is the Just Cause series. Specifically, this new update allows you to get the Final Argument Rifle for free, and that weapon is a ton of fun. Instead of just letting you shoot people in the head, which is what you do most of the time in Hitman Sniper, this weapon lets you tether enemies to walls, objects, or even other guards, which introduces plenty of silly moments.
— Square Enix Montréal (@SquareEnixMtl) September 8, 2017
And that’s not all. You can even shoot sticky rocket mines on guards and watch them fly all over the place. Stealth it might not be, but it’s definitely hilarious. Add to these special abilities how every object in the game now explodes when shot (because what kind of an action movie would this be if things didn’t explode), and you can see why the new update adds a fun and different way to play the game. The update is live now, and Just Cause-levels of silliness await for you.