March 12 – 5 Key Stories From The Digital World

By March 12, 2019 Insight

1.  CULedger and IBM Announce Collaboration to Deliver Blockchain Services for Financial Cooperatives and Credit Unions Worldwide

  • …use permissioned blockchain technologies to create an immutable audit trail that can be used to create new business models and transform existing business processes for credit unions.
  • The credit union industry serves more than 260 million members worldwide with over $1.7 trillion of circulating assets and is historically known for superior customer service.
  • Blockchain’s potential value to the enterprise is expected to grow to more than $360 billion by 2026, then surge to more than $3.1 trillion by 2030, according to a recent Gartner report

2. There will soon be a whole community of ultra-low-cost 3D printed homes

  • …“Vulcan II,” a massive, 33-by-11-foot machine that can 3D print the frame of a small house in less than a day.
  • Later this year, it will begin printing a neighborhood of more than 50 homes.
  • The new neighborhood–the first of its kind in the world–will be built in a semi-rural part of Latin America for families who earn less than $200 a month.

3. tech startups that have already snagged $1 billion valuations in 2019

  • 2018 was a record-setting year for unicorns — almost 100 companies were able to woo investors and achieve ten-digit valuations
  • Hims – online platform for wellness products, founded 2017, current valuation $1.8B (Jan 28)
  • Nuro – autonomous delivery vehicles, founded 2016, current valuation $2.7B (Feb 11)

4. NVIDIA to buy supercomputer chipmaker Mellanox for $6.9B, beating out Intel and Microsoft

  • The combined companies will power more than half of the world’s 500 biggest computers, covering “every major cloud service provider and computer maker.”
  • “The emergence of AI and data science, as well as billions of simultaneous computer users, is fuelling skyrocketing demand on the world’s datacenters,”
  • NVIDIA said it’s interested specifically in Mellanox to “optimize datacenter-scale workloads across the entire computing, networking and storage stack to achieve higher performance, greater utilization and lower operating cost for customers.”

5. Microsoft officially becomes first major cloud provider in Africa

  • “The launch of these regions marks a major milestone for Microsoft as we open our first enterprise-grade datacenters in Africa, becoming the first global provider to deliver cloud services from datacenters on the continent,”
  • … beat out fellow tech giants, like Amazon, which are also racing to open cloud data centers on the continent.
  • Data center location can make a difference when it comes to loading times of web services and applications as data can only travel so fast.