Hyperledger Adds Shipping Giant FedEx as Partner on Open-Source Blockchain

FedEx, the US-based shipping giant, has joined Hyperledger, an open-source blockchain firm that sports more than 270 affiliates.

A press release regarding the partnership explained that FedEx is looking to “advance cross-industry blockchain technologies”. They will be joining the likes of JPMorgan, Intel, IBM, and other notable names as a member of Hyperledger.

Representatives of FedEx said that they look forward to applying blockchain technology to supply chain transportation, and logistic aspects of their industry and that they will “continue to explore the applications and help set the standards for wide-scale blockchain adoption in our industry and others”.

FedEx previously stated their interest in using the blockchain to improve their supply chains. FedEx’s CEO, Fred Smith, said that blockchain would allow each step of the supply chain to be catalogued and monitored and that the loss or misplacement of packages would likely be mitigated due to this.

In pursuit of this goal, FedEx is not simply stopping with Hyperledger. The shipping firm is also partner to Blockchain Research Institute which works to analyze how blockchain effects business, government, technology, and society as a whole.

Author: Alex Johnson
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Enigma Protocol to Integrate Smart Contracts Tech With Intel Systems

Intel is working with blockchain startup Enigma to help secure its privacy-enhancing smart contracts.

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Secret contracts are a type of smart contract for public blockchains that use cryptographic tricks to keep transaction data hidden from view. Enigma – a startup that grew out of efforts at the Massachusetts Institute of Technology, with the goal of creating a more private platform for decentralized applications – wants to boost their privacy by incorporating Intel’s Software Guard Extensions (SGX), a move slated for the second half of 2018.

“Privacy is currently the biggest barrier to smart contract adoption. Blockchains are good at correctness, but bad at privacy by design. Smart contracts and decentralized applications will need to be able to use private and sensitive data to see global adoption.”

Enigma plans to work with Intel and other industry partners to develop applications that support the protocol and SGX, later this year launching a proof-of-concept that showcases the potential of combining the two technologies.

Both teams are also conducting R&D into trusted execution environments (TEEs), which are an integral part of Intel’s SGX technology that securitizes data and code. Specifically, TEEs refer to space on a device’s main processor that is separate from its operating system and is responsible for storing and protecting data in a secure environment. In this regard, Intel and Enigma’s goal is to create “production-level software that can be used at scale.”

The collaboration is a timely one, given that high-stakes attacks have already taken place. The most prominent of these is perhaps the DAO hack in 2016, where 3.6 million ether, valued at around $50 million at the time, was stolen from the decentralized and autonomous venture capital fund as a result of vulnerabilities in a smart contract.

In an April Medium post, Enigma CEO Guy Zyskind highlighted the need for secret contracts given the issues affecting other forms of privacy tech. These include problems with coin-mixing and zero-knowledge proofs, the latter of which he said are particularly vulnerable in multi-party cases where several “untrusted and pseudonymous” parties are executing computations.

Therefore, Zyskind said, secret contracts provide the “missing piece” by executing computations using encrypted data that stays hidden from network nodes.

Looking further ahead, Enigma will also be launching its testnet and mainnet – a fully functioning, live network– in Q1 and Q2 of 2018, respectively, according to its roadmap.

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author: Annaliese Milano
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Apple is moving on from Intel because Intel isn’t moving anywhere

Apple’s abandonment of Intel chips is inevitable

A report from Bloomberg this week has made public something that should already have been apparent to tech industry observers: Apple is planning to replace Intel processors in Mac computers with its own chips starting sometime around 2020. The two California companies have enjoyed a long and fruitful partnership ever since Apple made the switch to Intel CPUs with the 2006 MacBook Pro and iMac, but recent trends have made the breakup between them inevitable. Intel’s chip improvements have stagnated at the same time as Apple’s have accelerated, and now iPhone systems-on-chip are outperforming laptop-class silicon from Intel’s Core line. Even if Intel never cedes its performance crown, the future that Apple is building will invariably be better served by its own chip designs.

Apple’s decision to ditch the world’s most popular CPU line for laptop and desktop computers may seem radical, but there are a number of key factors that actually make it obvious and unavoidable.

Intel’s stagnation

Attend any major tech exhibition and you’ll find Intel announcing or re-announcing mildly improved processors. Whether you’re at IFA in Berlin, CES in Las Vegas, or Computex in Taipei, the spiel is always the same: the future is wireless, battery life matters to everyone, and there are a lot of people with five-year-old PCs who might notice a difference if they buy a new Intel-powered computer. It’s all painfully incremental and out of sync with Apple’s product cadence. Apple will give you, at most, two years with an iPhone before enticing you into upgrading, whereas Intel is trying to convince people with PCs that are half a decade old to do the same.

In the past, Intel could rely on microarchitecture changes one year and production process shrinkage another year to maintain its momentum of improvement. But the infamous Moore’s Law sputtered to an end back in 2015. Intel is approaching the limits of what’s possible to achieve with silicon, and it hasn’t yet figured out its next step. The chart below, compiled by An and Tech, illustrates Intel’s predicament well. Notice how long the 14nm process node has endured, the question marks next to the release window for 10nm chips, and the almost total absence of a future road map. In previous years, Intel’s ambitious plans would be known well in advance. (The company hasn’t grown more secretive; it just doesn’t seem to have any secrets left.) And without the power efficiency gains that come from building smaller chips, Intel just can’t compete with ARM processors designed for efficiency first.

Apple’s ambition

If there’s one unifying theme to define everything that Apple does, it’s integration. From integrating components on a logic board to integrating an entire ecosystem of Apple devices like the iPhone, Macs, AirPods, and HomePod to integrating supply and distribution lines under its centralized control. Apple started designing its own iPhone chips because it didn’t want to be dependent on Qualcomm. A year ago, it started making its own graphics processors to shed its reliance on Imagination Technologies. Apple also created its own Face ID system, acquired the maker of its Touch ID system, and it was recently reported to be secretly developing its own Micro LED screens for the Apple Watch.

Apple will tell you that it’s obsessed with delighting the consumer, crafting elegantly designed objects, or some other lofty aspiration, but the company’s overriding ambition is to control every last minute aspect of its products. The Intel chips that have been at the heart of MacBooks and Macs for over a decade aren’t minute; they’re central to how each computer can be designed and engineered. Apple has stuck with them for so long because of Intel’s once-insurmountable lead, but the way we use computers is changing, the workloads on a CPU are changing, and Apple’s A-series of chips are better designed to handle that new world of computing. Plus, the iPhone has shown the advantages of designing hardware and software in harmony, requiring smaller batteries and less RAM than comparable Android rivals.

The iOS laptop

Apple’s mac OS, the operating system that runs on Intel’s x86 architecture, is now legacy software. This may sound like a blunt allegation to make, given that Apple still sells plenty of MacBooks and iMacs, but the development of that OS within Apple seems to have halted entirely. Today, mac OS feels like it’s in maintenance mode, awaiting a widely anticipated change that will produce a unified iOS and mac OS operating system, with iOS taking precedence.

Mobile computing has firmly established itself as the predominant mode of use these days, and that trend will only grow more pronounced in the future. Apple’s primary software focus is rightly fixed on iOS, which happens to run on ARM instructions, not Intel’s x86. So, if Apple is indeed intent on bringing iOS up into its less-portable computing line, and if it has chips that offer comparable performance to Intel’s consumer CPUs (which it does), why not build all of that on top of its own processor? Whether it’s presented as a new-age iPad Pro or MacBook Air, a device that combines the strengths of iOS and the convenience of a clamshell design with a generous touchpad is something a lot of people would love to have. By pursuing this course of action, Apple gets to scratch its vertical integration itch while sating existing demand.

The mobile office

The thing that makes it possible for Apple to even contemplate running its lithe mobile operating system on its more powerful computers is the way our computing habits are changing. Not only are we using mobile devices more often than desktop ones for entertainment, but we’re now doing most of our work on phones as well. You can be a professional photographer with just a Pixel 2, for instance. The phrase “phoning it in” certainly has a whole different ring to it in 2018 than it did at the beginning of this decade.

As investment and development dollars continue flowing into the dominant mobile platforms — Android and iOS — it’s logical to expect that every useful desktop application that hasn’t yet been adapted to them already is on its way there. Sure, Intel is likely to retain its dominance at the very high end of computing, but for the vast majority of people and situations, iOS will soon be able to provide all that users want. And once the software reaches that point, Apple will want to match it with hardware that’s powerful and ergonomic enough to take advantage.

It’s not just Apple that’s moving away from Intel processors. Google has been hiring and dabbling with its own custom chip designs, and Microsoft and Qualcomm this year started pushing Windows on ARM as an alternative to the typical Intel-powered laptops. The whole technology world is moving to developing and designing for mobile applications first, and Intel’s desktop roots keep holding it back from being competitive in that expanding market.
Apple’s moving on because Intel’s standing still.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!


Author  Vlad Savov

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