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Fourth Industrial RevolutionAnnual Meeting of the New Champions 2017

Blockchain

Blockchain: the ledger that will record everything of value to humankind

China

How China's high-tech boom can help global health

Blockchain

Podcast: Are we prepared for the Blockchain revolution?

Artificial Intelligence and Robotics

5 ways robots are our friends (already)

Cybercrime

What nature teaches us about managing risk

Artificial Intelligence and Robotics

How China became an AI leader

Fourth Industrial Revolution

Four key questions for the Fourth Industrial Revolution

China

China's mobile economy, explained

Biotechnology

Nature-inspired design: how the Amazon can help us solve humanity's greatest challenges

Development

3 ways the world's fastest growing economies can close the infrastructure gap

Artificial Intelligence and Robotics

5 trends for the future of manufacturing

Fourth Industrial Revolution

Towards a human-centered model of economic 

fro0m 2017 wef in china - dalian summer 2017

The internet is entering a second era that’s based on blockchain. The last few decades brought us the internet of information. We are now witnessing the rise of the internet of value. Where the first era was sparked by a convergence of computing and communications technologies, this second era will be powered by a clever combination of cryptography, mathematics, software engineering and behavioural economics. It is blockchain technology, also called distributed ledger technology. Like the internet before it, the blockchain promises to upend business models and disrupt industries. It is pushing us to challenge how we have structured society, defined value and rewarded participation.

Blockchain emerged in the wake of the global economic crisis, when a pseudonymous person or persons named Satoshi Nakamoto released a new protocol for “A Peer-to-Peer Electronic Cash System” using a cryptocurrency called bitcoin. Cryptocurrencies (digital currencies) are different from traditional fiat currencies because no government issues or controls them. They’re not saved in a file somewhere; they’re represented by transactions recorded in a blockchain – like a global spreadsheet or ledger, which leverages the resources of a large peer-to-peer bitcoin network to verify and approve each bitcoin transaction. Satoshi’s protocol established a set of rules – in the form of distributed computations – that ensured the integrity of the data exchanged among billions of devices without going through a trusted third party. This new resource has six critical qualities.

Each blockchain, like the one that uses bitcoin, is distributed: it runs on computers provided by volunteers around the world; there is no central database to hack or shut down. We can send money and soon any form of digitized value – from stocks and bonds to intellectual property, art, music and even votes – directly and safely between us without going through a bank, a credit-card company, PayPal or Western Union, social network, government or other middleman. Of course, this does not mean that middlemen will disappear. Rather the technology provides profound opportunities for innovative companies and institutions in the middle to streamline processes, increase their metabolism, create new value and enter new markets.

Blockchain is encrypted: it uses heavy-duty encryption involving public and private keys (rather like the two-key system to access a safety deposit box) to maintain virtual security. We needn’t worry about the weak firewalls of the US Democratic National Party, or rogue bank employees.

Image: Financial Times

In many cases, blockchain is public: anyone can view it at any time because it resides on the network, not within a single institution charged with auditing transactions and keeping records. No one can hide a transaction, and that makes bitcoin more traceable than cash. It is open-source code: anyone can download it for free, run it and use it to develop new tools for managing transactions online. Private blockchains have emerged that don’t use cryptocurrency for consensus.

Blockchain is, for the most part, inclusive. Satoshi imagined that the typical person would be interacting with the blockchain through what he called “simplified payment verification” mode that can work on a mobile device. Now anyone with a flip phone can participate in the global economy; no documentation is required to be trusted.

Blockchain is immutable. Within minutes or even seconds, all the transactions conducted are verified, cleared and stored in a block that is linked to the preceding block, thereby creating a chain. Each block must refer to the preceding block to be valid. This structure permanently timestamps and stores exchanges of value, preventing anyone from altering the ledger.

Blockchain is historical. If we wanted to steal a bitcoin, we’d have to rewrite a coin’s or asset’s entire history on the blockchain in broad daylight. So the blockchain is a distributed ledger representing a network consensus of every transaction that has ever occurred. Therefore, we must preserve the blockchain in its entirety. That’s why storage matters.

This is much more than the financial services industry. Innovators are programming this new digital ledger to record anything of value to humankind – birth and death certificates, marriage licenses, deeds and titles of ownership, rights to intellectual property, educational degrees, financial accounts, medical history, insurance claims, citizenship and voting privileges, location of portable assets, provenance of food and diamonds, job recommendations and performance ratings, charitable donations tied to specific outcomes, employment contracts, managerial decision rights and anything else that we can express in code.

Have you read?

• Two billion people lack access to a bank account. Here are 3 ways blockchain can help them
• Why blockchain should be global trade’s next port of call
• 5 infographics that explain one year of blockchain news
• This is the technology that could help us make globalization work for everyone

So important is this new resource that some have called the blockchain a public utility like the internet, a utility that requires public support. Paul Brody, principal and global innovation leader of blockchain technology at Ernst & Young, thinks that all our appliances should donate their processing power to the upkeep of a blockchain: “Thanks to the smartphone business driving very low-cost systems, your lawnmower or dishwasher is going to come with a CPU that is probably a thousand times more powerful than it actually needs, so why not have the appliance mine? Not to make money, but to contribute to the security and viability of the blockchain as a whole,” he said.

We’ve never had this capability before – trusted transactions directly between two or more total strangers, authenticated by mass collaboration and powered by collective self-interests, rather than by corporations motivated by profit or governments motivated by power. It is the culmination of what Alan Turning started, a true paradigm shift ushered in by decentralized ledger technologies.

This is an extract from a whitepaper by Don Tapscott and Alex Tapscott:Realizing the Potential of Blockchain: A Multistakeholder Approach to the Stewardship of Blockchain and Cryptocurrencies. It argues that new kinds of cooperation are needed to govern Blockchain, and presents a framework for this.

china g20 relaunch - makes this one of young worlds 10 most exciting summits to turn into edu curriculum

sample what went down at g20 germany

news ahead of germany 2017

if you need more links to any statement below tell me which

1 august is when western students come back for class of 2017-2018- mostofa and i know from 9 previous experiences (5 dominated by muhammad yunus or his green partners or naila!!) that students diaries get filled up within 3 weeks - the biggest even latin culture will have during the remaining year of jinping trump jim kim (probably pope francis unless you expect hos health to be very long) is g20 argentina 2018

2 just as g20 2017 has come back to very big businesses and war-peace arguments people like jack ma and jinping wanted g20 to maximise smes , youth girls solutions -which other summit will if g20 doesnt- therefore to expect that there will be another opportunity for designing global2.0 around deepest poverty alleviation  than this class year is to be far to risky to anything i will ever be able to link

3 camilo (and his wall street funds) are currently highly focused in mexico (they probably have a solution that the leader of green big bang needs to know about) though camilo also has womens glass ceiling fund and other family and friend ties in latin america; the korean summit of aiib aims to revolutionise human futures of investment baking and someone my father commuted with fir year is the main interview of emminent people in banking world and will report back to mumbai aiib may 2018 and argentina july 2018

4 two slogans all jinping partners can be held to are livelihoods are core to human rights; women lift up half the sky- why not start with these value system ideas as they can connect sustainable collaborations and girl empowerment networking across borders

5 maurice is interested in what good can italian youth and all francsican youth do- he is youth ambassador to vatican university for arts and culture summits Premio Internazionale Giuseppe Sciacca - he kindly interrupted his xmas 2015 holiday to spend half a day with amy and dianes artistic networks; i didnt get the chance them for him to meet monica yunus Monica Yunus - The Official Website www.singforhope.org  i am trying to fix that - one of the main friends of singforhope in ny is shanghai's fosun = they let her have months of a whole floor of their offices in ny that are 2 minutes walk from camilo; i know the opartner in PWC located in shanghai who audits the annual accounts of the AIIB

Monica Yunus - The Official Website Monica Yunus is an American Operatic Soprano. She has a voice like the best of diamonds: sparkling and multi-fac...

Premio Internazionale Giuseppe Sciacca

6 the fact is that all of jim kim, pope francis and sir fazle abed use the same values  model (both to design markets for smallest enterprises and to sustain  long term partners and so  digital platforms of big data small) that came from late 1960s dialogues in latin america

Preferential Option Poor values the best professional of any profession going and living with those trapped in poverty broken systems- this is what jim kim and paul farmer did with heath commuting for 25 years between harvard haiti peru then soros interventions in russian prisons then kigale in rwanda who is hosting jack ma's first mass training in africa in 10 days -when jim kim looked for thre last mile health service models he only found one sir fazle's brac that was a decade advanced in scaling with 10 times less than he and farner accessed

POP addresses 3 question

what can a world class professional live and learn among poor (network grassroots up) with his skills

how can (s)he identify broken systems and bring in other professionals

how can technology be preferentially applied to the poor with each new leap in tech

a fourth question:

how can student exchanges keep global business schools real as far as development economies go

7 MY FOCUS AFTER 40 YEARS WORK ON GLOBAL MEDIA - in my woirld bad media is very likely to destroy humanity

coming from a journalist and maths systems mapping family, I am now only interested in young chinese women knowing these stories, from local experience and supporting those leaders who know want help- sir fazle is perfect in this case as he's been sharing fir 5 years now how he is worried about his succession -and he also has a really big problem- having sustained totally manual methods of girls ending poverty through transition of universal text mobile and built the largest cashless bank with that technology how on earth does bangladesh leapfrog through smart univeraal mobile

8 Main question from gateway17 detroit : are virtual youth to be the fifth of first largest economy in sustainability world?

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8.1 jack mas 5000 coders knows how universal smart mobile, big data small and blockchain for poor models will work in every semi-developed market but he hasnt experienced as little infrastructure as bangladesh- moreover jack ma knows the biggest problem of all around world is education systems currently designed to destroy more than half of youth livelihoods especially girls- this si what sir fazle abed hs moist knowhow in the world

BRAC net, world youth community and Open Learning Campus do you know a franchise that brac has innovated that is ready for worldwide replication ?

9 I do not know which if any of the stories-that-can be  amy has time ir inteersste in- i hope she picks a few and finds other chinese girl studnets to start taking ownership of others

10 there is no way that sustainabiloity goals will work anyhwere without china's mediation by its half billion youth - i am not prepared (have no money or time) to spend time on anything which conflicts with this hypothesis that my family has journalised for over 40 years

therefore if amy and mostofa are seeing sir fazle before she then works near jeffrey sachs in columbia uni it would be greate if all of amy mostifa camilo and maurice can have shared questions they want raised with sir fazle including others if they can

11 during my last 2 vsiits to beijing i met people leading hundreds if nt thousands of italian and chiense students - so it is my aim to get back to bejing late augist to take any news we all have to these networks so they can square the circle on the g20 argentina

12 this should be of interest since published wishes of jinping include consulting pope francis; additioanly we have both green and big banks solutions out of london endorsed by prince charles and the only peer in house of lords at london school of economics and parts of the bbc nature programming - i would welcome knowing what or whom else in the english langiage we can linkin given the dire situtaions of youth traped in a usa led by trump and a uk marooned by brexit

13 also while it may sound quaint neeither jack ma nor amy would exist as worldwide mapmakers/connevtors if they hadnt become passionate about learning english-0this is why it should be a nobrainer to make our first ask to jack ma to be to support designs which make english as a second language 10 times less costly for chiense or other na+tuons students to learn - do that and even if english speaking politicians mess the world english and chinse speaking youth and coders can map ways of connecting sustainability solkutions around the very poorest girls

14 by knowing sir fazle's family you can always cross check whether any of the 17 sustainability goals is really including the most trapped by that goal's crisis

+

chris

if this was too long maybe amy would like to shorten it to what bits she wants all of you to discuss now time permitting

15 jimkim and jack ma sat next to each other on last septembers un summit in greatest learning generation led by gordon brown- the next day jim kim spoke up at unctad  appointment of ma as their main youth livelihood entrepreneur (something he discusses twice a year as chair of all the biggest chiense businessmen entrepreneur club in beijng located a few hundred yards from the 2 big universities which train public servants)- everything we do as world bank may be wrong until we use ma's big data small analytics and platform connectivity -one talk at aiib was by the hong kong businessmen who tried to help kim by heading IFC for 3 years - impossible to do any deeply useful partnership project is his epitaph of the IFC