March 29 – 5 Key Stories From The Digital World

By March 29, 2019 Insight

1.  The Biggest Artificial Intelligence Startup in the World

  • Chinese artificial intelligence startup called Toutiao by some and ByteDance by others
  • they’re “building the future of content discovery and creation” and building content platforms that “enable people to enjoy content powered by AI technology.”
  • they know their users so well that “third party survey data estimates Toutiao’s CTRs to be 200% better than its peers.”

2. Largest metals trading platform to use blockchain in supply chain

  • blockchain-based system will enable the exchange to track physical metal, a process it has struggled with
  • new platform will be known as Forcefield…will bring together several stakeholders in the metals trading and banking industry
  • Blockchain’s distributed ledger technology would reduce the need to have one central owner of the database, who would have too much private information to make it viable

3. Innisfil Becomes First City in Canada to Accept Bitcoin for Municipal Taxes

  • approved an initiative that will allow its residents to satisfy their municipal taxes (income taxes and property taxes) in bitcoin, beginning in April 2019
  • Once a payment is processed through Coinberry, the exchange will convert it to Canadian dollars and then pass it on to Innisfil’s municipal government
  • To start, bitcoin will be the only available cryptocurrency option for citizens to break the fiat tax barrier

4. GameStop gets into esports with ‘Performance Center’ in Texas

  • The GameStop Performance Center will share a location with the Dallas Cowboys
  • The company is partnering with the Collegiate Star League to host online and on-campus esports tournaments
  • The move into esports appears to be the first of GameStop’s attempt to pivot away from being just a brick and mortar store for games

5. AI improves CommBank’s customer engagement up to 400 percent

  • The bank has created what it calls the Customer Engagement Engine (CEE), its “flagship implementation” of AI
  • The CEE currently sits across 19 communications channels, and analyses 200 billion data points and “thousands of combinations” of the next best thing to talk about, delivering its decision in “a tiny fraction of a second”
  • Commonwealth Bank is also using AI to analyse the factors that contribute to a customer’s sense of financial well-being.