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What to Expect for Space and Sci/Tech Under President Trump?

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US President-elect Donald Trump doesn’t strike as one who knows – or cares – a lot about space, science, and technology. Since the announcement of Trump’s victory, there have been a lot of headlines about a possible catastrophic impact of the upcoming Trump presidency on space and sci/tech in the US. However, a smart businessman – and Trump is one – knows that he must have competent advisers for issues on which he is ignorant, or uninterested.

Trump is not known for always listening to his advisers. But, when he hasn’t listened, it was about issues he did know and care about – and the elections’ results show that he was right. I think we can assume that, when it comes to space and sci/tech issues, President Trump won’t have strong feelings one way or another, and therefore he will listen to his advisers.

The Trump campaign brought former congressman Robert Smith Walker, known as Bob Walker, as its space policy advisor. Space News reports. Walker is a space policy veteran who was appointed by President George W. Bush to chair the Commission on the Future of the United States Aerospace Industry in 2001, and served on the President’s Commission on Implementation of the United States Space Exploration Policy, which submitted its final report titled “A Journey to Inspire, Innovate, and Discover” in 2004.

Now Walker, who seems likely to receive a formal space advisory role in the Trump administration, is drafting a space policy.

“I would describe what we came up with in four terms,” said Walker.

“It’s visionary, it’s disruptive, it’s coordinating and it’s resilient.”

Among the highlights of the developing new space policy, a commitment to global space leadership, a re-institution of the National Space Council, the development of military hypersonics and small satellite technologies, new private and public partners – including China – for the International Space Station, and increased reliance on the commercial sector, in particular for low Earth orbit access and operations.

Two points seem especially worth noting and praising: setting a goal of human exploration of the solar system by the end of the century, which according to Walker would serve as a “stretch goal” to drive technology developments to a stronger degree than simply a goal of humans to Mars, and shifting NASA budgets to “deep space achievements” rather than Earth science and climate research.

Walker is persuaded that the US should return to the moon. It is “essential to have the moon as a part of our planned missions headed for Mars and beyond,” he said.

“I can’t speak for the campaign or the transition team, but I will say personally I think going to the moon as a part of an extended presence in space is vital.”

The 2004 final report of the President’s Commission recommended to “extend human presence across the solar system, starting with a human return to the Moon by the year 2020, in preparation for human exploration of Mars and other destinations.” Similarly, other space policy leaders, notably including the Director of the European Space Agency (ESA), are persuaded that we should go back to the moon and establish permanent lunar outposts.

Back to Big, Forward Looking, Visionary Sci/Tech Initiatives

Highway worksWhen it comes to science and technology, it seems that President-elect Trump has already a top-class adviser: the billionaire businessman Peter Thiel, co-founder of PayPal and early investor in Facebook, one of the very few Silicon Valley tech titans to support Donald Trump before the elections (many more are likely to support Trump now, but that’s too easy).

Thiel, who has been demonized by the liberal Silicon Valley elites and most of the tech press for supporting Trump and donating $1.25 million to his campaign, seems to be in a position to reap some rewards now that his bet on Trump has paid off, notes The New York Times. But he said in an interview that he has no desire to have a formal role in Trump’s administration. However, “I’ll try to help the president in any way I can,” he said.

Thiel added that Silicon Valley should now work with the rest of the country and the world, instead of spending the next four years issuing denunciatory tweets on Twitter. “For a day or two, that’s fine,” he said. “But I hope Silicon Valley will be more productive than that.”

In his recent speech at the National Press Club, Thiel mentioned the Manhattan Project, the Interstate Highway System, and the Apollo Program as examples of big, forward-looking government programs. “But we have fallen very far from that standard,” he said, echoing his own famous remark:

“We were promised flying cars and we got 140 characters.”

It’s no surprise that Silicon Valley, which these days does too much 140 characters and not enough flying cars, doesn’t like Thiel.

Instead of 140 characters, Thiel wants to go back to big, forward looking, visionary sci/tech initiatives – the kind of projects described in “What happened to the future,” the manifesto of his Founders Fund. In his book “Zero to One,” Thiel – a transhumanist – proposes to accelerate “takeoff toward a much better future,” perhaps toward “new technologies so powerful as to transcend the current limits of our understanding.”

It appears that President Trump will have excellent advisers, with or without formal roles, for space, science, and technology policy. It’s to be hoped, of course, that he’ll listen to them.

Images from Pixabay and Pexels.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Giulio Prisco is a freelance writer specialized in science, technology, business and future studies.




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Market Overview

Markets on Edge as President Trump Cancels North Korea Meeting

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U.S. President Donald Trump has called off a highly anticipated meeting with North Korea, citing “anger and open hostility” from Pyongyang.

Strained Diplomacy

President Trump was scheduled to meet Kim Jong-un in Singapore on June 12 to advance a preliminary peace agreement between North Korea and South Korea. The Trump administration pledged peace and economic cooperation with the North Korean regime if it agreed to relinquish its nuclear arsenal.

Pyongyang took a combative stance last week in response to joint military drills between the United States and South Korea, a move it regarded as “provocative military disturbances.” North Korea’s rhetoric grew more threatening this week after the country’s senior envoy to the U.S. threatened America with an “appalling tragedy that it has never experienced nor imagined.”

In a letter to North Korean leader Kim Jong-un, Trump said: “I felt a wonderful dialogue was building up between you and me, and ultimately, it is only that dialogue that matters. Some day I look very much forward to meeting you.”

White House officials said Thursday that the meeting could still be revived, though no further details were provided.

Markets React

U.S. stocks declined sharply in the wake of President Trump’s announcement, with Dow industrials falling more than 260 points. The blue-chip index was down 191 points, or 0.8%, at 11:31 a.m. ET.  Meanwhile, the large-cap S&P 500 Index fell 0.6% and the Nasdaq slipped 0.5%.

Gold, a preferred safe haven for investors, shot up to more than one-week highs Thursday morning. The August futures contract rose $15.50, or 1.2%, to $1,310.30 a troy ounce on the Comex division of the New York Mercantile Exchange.

Silver futures advanced 24 cents, or 1.5%, to $16.65 a troy ounce.

Oil prices continued lower in the wake of a shock inventory report on Wednesday from the U.S. Energy Information Administration (EIA). The EIA said crude stockpiles surged 5.8 million barrels in the latest week, confounding expectations of a 1.9 million-barrel drop.

U.S. West Texas Intermediate (WTI) futures were down 66 cents, or 0.9%, at $71.18 a barrel Thursday. Brent crude, the international futures contract, declined 67 cents, or 0.8%, to $79.13 a barrel.

In economic data, U.S. jobless claims rose unexpectedly last week, though the underlying picture continued to point to a tightening labor market. The number of Americans filing for first-time unemployment benefits rose 11,000 to a seasonally adjusted 234,000 in the week ended May 19.

The National Association of Realtors also reported a bigger than expected drop in U.S. existing home sales for April. Sales of previously-owned homes declined 2.5% to a seasonally adjusted annual rate of 5.46 million.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 664 rated postsSam Bourgi is Chief Editor to Hacked.com, where he leads content development for one of the world's foremost cryptocurrency resources. Over the past eight years Sam has authored more than 10,000 articles and over 40 whitepapers in the fields of labor market economics, emerging technologies, cryptocurrency and traditional finance. Sam's work has been featured in and cited by some of the world's leading newscasts, including Barron's, CBOE and Forbes. Contact: sam@hacked.com Twitter: @hsbourgi




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Blockchain

How Blockchain Can Help Companies Face the New GDPR Rules

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The new General Data Protection Regulation (GDPR) guidelines governing the European Union (EU) officially come into play on May 25. Businesses and their associated websites had about three years to comply with the new set of rules. The companies that didn’t bother adjusting their data collection methodologies could face stiff fines.

Most companies issued a new “Terms of Use” to be on the safe side of the road. However, a blockchain system could solve the problem once and for all.

According to the GDPR, companies are expected to follow new guidelines in order to be allowed to operate for European citizens. Those regulations include the ability for the user to consent to their data being processed, the knowledge of who is processing the data and the ability to withdraw consent at any time..

Blockchain can play a vital role in this process. Websites that have users register on a distributed ledger system provide an upper hand, allowing them to be in charge of the data they provide.

Blockchain’s Role

When applied to systems in need of identity management, blockchain can operate in a level no other protocol can. The way it stores, collects and distributes data is revolutionizing. There is a brand new set of capabilities not available on any existing data protection method.

Blockchain verifies data usage through a complicated combination of public and private signatures, data hashing and encryption. This allows a person’s data and identity to be saved only on his end, rather than on a server. When that data is requested, it has to be provided from the user’s device instead of the main server.

While running on a blockchain system, the user is able to process exchanges personally, meaning the company that wants his data will have to get his consent in order to access them. This allows the user to have absolute control over his information, as well as know the company that uses it, meeting the GDPR’s “Right to Erasure” condition.

The use of blockchain also eliminates the need for massive databases since each user stores his own data. Blockchain makes it possible for each user to connect when needed, allowing companies to keep minimum information on customers and employees. Applying those changes to their products as well allows the company to meet GDPR’s “privacy by design” condition.

Privacy by design is, in essence, a new GDPR provision. According to it, companies are obligated to have platforms that are built on data privacy, with their products or services privacy in the cognizance of the rightful user. With blockchain technology, the process is automatically private, thus meeting the privacy by design criteria.

It remains to be seen if GDPR rules come into place on May 25 and whether fines will actually be levied on websites that do not comply. According to GDPR, the fees may come up to 4% of its annual global turnover, or €20 million, whichever is greater. This amount is enough to deter both small and large companies, although implementation will be key.

Blockchain can be the pioneer system behind the web sooner than we think. GDPR paves the way for greater blockchain adoption at a level that extends far beyond core business functions and cryptocurrency transactions.

Featured image courtesy of Shutterstock.

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The First Governmental Elections Powered By Blockchain Technology

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While blockchain technology can be used in countless different ways and applied in any possible industrial and/or governmental sector, not all of them have been explored so far.

One of these yet unexplored regions is using the disrupting tech for elections, allowing users to vote in a decentralized fashion from anywhere at any time, while secured by blockchain technology.

United States’ West Virginia took the first step and started the first-ever government-run, blockchain-mediated vote globally.

In the primary elections that concluded on May 8th, blockchain voting was trialed on a limited amount of people, namely deployed military members and Americans eligible to vote absentee under the Uniformed and Overseas Citizens Absentee Voting Act (UOCAVA), as well as their spouses and dependents.

Participation in the trial was further restricted to voters registered in two of the state‘s 55 counties: Harrison and Monongalia.

Voatz, the company behind the voting system has created an application that basically allows you to vote regardless of your geolocation, while the company makes sure the person voting is eligible to do so.

If the trials prove to be successful and trustworthy, Mac Warner, the West Virginia Secretary of State, is considering making the system available to all UOCAVA voters registered in West Virginia for the general election this November.

He is expected to make the decision during this summer so that the process is as smooth as possible during the election period, already tested and “ready-to-go”.

“Our team believes blockchain does provide a heightened level of security on this type of mobile voting app. We’re genuinely hoping that will allow this type of a mobile app to be made available in the future – as early perhaps as our general election – to military voters.” 

Mike Queen, communications director for Mac Warner stated on Ethnews.

In charge of conducting the results of the audit will be Voraz, clerks representing Harrison and Monongalia counties and the state’s governor among other parties.

“The Secretary’s office is very encouraged so far today and we believe that [blockchain-based voting] is a real viable option. There are a lot of other states who are asking about this mobile voting solution and who are also interested in it.” 

However, despite all the excitement of the Secretary of Office state, the whole exercise was questioned by third parties.

Professor Duncan Buell, a computer scientist in the University of South Carolina, doesn’t seem to trust the process, as he considers that Voraz application does not run a trustworthy fingerprint-scanning and facial-recognition technology, meaning the results could be vulnerable to hacking. Thus voting actually becomes trusting a company instead of the government.

While the traditional way people participate in the election process is working for some political systems, it might not be ideal for other.

In traditional elections, participants are required to travel to the city they are registered in order to take part in the process, and even if they do so, they are obliged to vote for a decision that in most common scenarios will not be able to be altered until the next planned elections.

Blockchain technology may empower voters, allowing them to actually make direct decisions regarding their residential location, rather than deciding the person to represent their decisions.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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