April 23 – 5 Key Stories From The Digital World

By April 25, 2019 Insight

1. Want to Build a Smart City? Here Are Some Strategies That Work

  • Between 2002 and 2015, the number of smart cities across the globe quadrupled from approximately 21 to 88
  • By 2017, some 178 cities had embarked on 250 smart-city projects
  • Data is by far the most valuable asset nowadays that private enterprises and the public sector have

2. AR in Social Media: How immersive experiences drive sales, improve customer engagement, and boost awareness

  • AR ads expected to generate over $13 billion in revenue by 2022, and, as a result, account for over 12% of all mobile ad revenue
  • number of mobile AR users is expected to have grown 100% year-over-year (YoY) in 2018 to pass 1 billion
  • social media is quickly becoming consumers’ go-to channel for mobile AR experiences

3. JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments

  • include settlement features as it seeks to fend off competition from payments upstarts
  • the bank is “looking at the ability to do more at the point of settlement.”
  • built in a feature that would allow for real-time verification that a transaction is being sent to a valid account

4. South Korea’s Largest Car Supplier Hyundai to Use DLT in Smartphone-EV Pairing Tool

  • smartphone-EV pairing based performance adjustment technology that allows users to customize primary functions via a smartphone application
  • implement blockchain technology to prevent security issues while users upload and share their custom settings on the server
  • encrypt major performance parameters on a blockchain network by creating new data blocks in the process of uploading and sharing custom settings

5. GM’s Cruise is preparing for a self-driving future in the cloud

  • as many as 8 million driverless cars will be added to the road in 2025
  • in the U.S. alone, there will be some 20 million autonomous cars in operation by 2030
  • SoftBank’s Vision Fund…invest $2.25 billion…along with another $1.1 billion from GM…Cruise has an estimated valuation of $14.6 billion