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October 25, 2016

AI Enhancing = Jobs Disappearing. Is It worth It?

Jobs in a long slate of industries are vanishing into thin air due to upgrading artificial intelligence. Drones, robots, or “bots” as some prefer, are forcing humans to step aside. It might seem very tempting to see all daily tasks automated. And of course who doesn’t prefer to live more like the Jetsons and less like the Flintstones. However, all this advanced technology is coming at a price of more humans losing their jobs. While the world in its entirety is already struggling in a poor economic period.

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October 24, 2016

The Future of Digital Rights Management Might Be Decent with Blockchain

DECENT wants to create a decentralized digital rights management solution for piracy powered by the blockchain.

Like so many modern decentralized platforms, DECENT’s platform seeks to remove the middlemen, power abusers, and prevent third party manipulation to ensure content creators and consumers can trade material in a peer-to-peer, permissioned and transparent blockchain network.

“Our aim is to replace the status quo,” Matej Michalko, DECENT developer, tells Hacked.

A network of individual, digital dictatorships, with a digital democracy, re-routing power back to authors, artist, producers and those [...]

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October 22, 2016

US Bank Uses Mobile Phones Geolocation to Prevent Fraud

The U.S. Bank has unveiled that it is attempting to stop fraud by using consumers’ mobile phones geolocation to determine if a consumer’s card information matches that of its phone, according to a report by American Banker.

Nowadays, it’s no longer possible to walk down the street without seeing someone on their phone. Nor is it possible to avoid the threat of fraud or identity theft, which targets people all over the world.

Now, though, in a bid to stop fraud the U.S. Bank has announced that it may have the solution to this: by utilizing a mobile phone’s geolocation by pinpointing exactly where a customer is and if it matches the location of their card.

The bank [...]

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October 20, 2016

Lloyds Bank to Use Virtual Reality for Graduate Programme Intake

The Lloyds Banking Group is taking a different approach toward its 2017 graduate intake by using virtual reality to test the reactions of potential candidates.

Every year, Lloyds receives more than 20,000 applications from graduate applicants. Each of them is seeking a place on one of 14 placements in its Graduate Leadership Programmes. Naturally, undertaking such a mammoth task of going through each of the 20,000 applications takes a lot of time. Not only that, but reading something on paper doesn’t always demonstrate what a person can be like in real life.

In order to tackle this issue, the bank has reported that it will be utilizing virtual reality on the [...]

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