Category: Internet Tools

NFT Of The World Wide Web Source Code Sells For $5.4 Million

Business/Innovation, Innovation/Devices, Internet Tools, WiFi/Internet

Tim Berners-Lee, inventor of the internet

On Wednesday, 32 years after English computer scientist Tim Berners-Lee penned “Information Management: A Proposal,” the genesis of the World Wide Web, Sotheby’s auctioned the Web’s original source code for $5.4 million. It was, of course, in the form of a nonfungible token aka an NFT.

The source code for the Web was sold to an anonymous buyer, according to Sotheby’s. There were a total of 51 bids on the NFT.

“NFTs, be they artworks or a digital artifact like this, are the latest playful creations in this realm, and the most appropriate means of ownership that exists, Berners-Lee said in a statement about the auction. “They are the ideal way to package the origins behind the Web.”

Sotheby conducted the auction, titled “This changed everything” from June 23 through June 30 with the bidding starting at $1,000. The British-founded global marketplace for art collectibles has recently added digital collectibles such as NFTs to its offerings. The proceeds from the $5.4 million will go toward initiatives that Tim Berners-Lee supports, including his open source technology Solid.

NFTs are rapidly becoming a way for members of the digital community to create a virtual museum and document historic moments on the internet, whether that was the $4 million sale of the Doge meme NFT or when Twitter CEO Jack Dorsey sold an NFT of his first tweet for $2.9 million or when digital artist Itzel Yard sold an NFT art made from the key of the first Tor Browser, making her the highest-selling female NFT artist.

Gauthier Zuppinger is the co-founder of nonfungible.com, a database that tracks the sales of NFTs and crypto collectibles. He compared the source code to CryptoPunks, one of the first non-fungible tokens on the Ethereum blockchain. Zuppinger says the code’s singularity and its monumental role in the foundation of the digital world contributed to the skyrocketing bidding price for the NFT.

So what exactly does the anonymous buyer receive? It doesn’t receive any unique usage rights because the source code for the web has been public domain since 1991 when CERN released the worldwide web code library.

The NFT itself contains a myriad of technical tid-bits and gemstones in the history of the Web. The four elements include the original time-stamped files containing the code that was written between October,1990, and August, 1991. The 9,555 lines of code written in the Objective-C programming language depicts the application of three inventions made by the physicist-turned-software engineer: HTML (Hypertext Markup Language); HTTP (Hyper Transfer Protocol); and URIs (Uniform Resource Identifiers). The buyer will also receive a letter from Berners-Lee, an animated visualization and a digital poster of the code.

“As people seem to appreciate the autographed versions of books, now we have NFT technology, I thought it could be fun to make an autographed copy of the original code of the first web browser,” Berners-Lee’s statement reads.

Apart from being the man behind the Web, Berners-Lee is also a director of the World Wide Web consortium, which looks over the development of the Web. As the co-founder and chief technology officer of Inrupt, he is honing open source technology called Solid to come closer to his original vision for the Web to be a shared information space for all members of the society.

Dr. Merav Ozair, an expert on cryptocurrencies and blockchain technology and a fintech faculty member at Rutgers Business School, compared the NFT sale of the World Wide Web source code to the historic moment when the founding fathers of the United States of America signed the Declaration of Independence. The only difference is that the code that created the web also changed the way the world functions today.

“This was also a historic moment when he created a code that initiated everything, and this is not something only for the U.S. it’s for the global community, everywhere,” she says.

Ozair says the auction marks the kick off of Web 3.0, a version of the web where cryptocurrencies thrive.

The source code for the web is already public domain. In fact, Berners-Lee fought with CERN officials for it to be that way, says Marc Webber, the curatorial director of the internet history program at the Computer History Museum.

“It’s a little bit paradoxical. You know, you’ve got an NFT on this completely public domain open thing,” says Webber, who has been researching the history of the web since 1995.

The auction has instigated curiosity about web history, Webber says. But the commodification of computer and technology history could make it difficult for museum curators like him to procure such digital artifacts when NFTs offer the owner lump sum pay-offs and a wide audience.

Webber says that Berners-Lee has had multiple opportunities to cash in on his invention but has always chosen not to so that the web remains in the public domain. “I do know that this is not like a simple ploy to get money,” he says.

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Rashi Shrivastava

Rashi Shrivastava

I write about tech startups and innovation. I am receiving my master’s degree in magazine journalism from the University of Missouri. I’ve previously written and worked for Vox Magazine in Columbia, Missouri and Kauffman Foundation in Kansas City.

Source: NFT Of The World Wide Web Source Code Sells For $5.4 Million

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Critics:

A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.

The NFT market value tripled in 2020, reaching more than $250 million. During the first quarter of 2021, NFT sales exceeded $2 billion. A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, which can be sold and traded. The NFT can be associated with a particular digital or physical asset (a file or a physical object) and a license to use the asset for a specified purpose. NFTs (and the associated license to use, copy or display the underlying asset) can be traded and sold on digital markets.

NFTs function like cryptographic tokens, but unlike cryptocurrencies such as Bitcoin, are not mutually interchangeable, in other words, not fungible (e.g. one bitcoin is equivalent to any other bitcoin while every NFT may represent a different underlying asset and thus have a different value). NFTs are created when blockchains string records of cryptographic hash, a set of characters identifying a set of data, onto previous records therefore creating a chain of identifiable data blocks.

This cryptographic transaction process ensures the authentication of each digital file by providing a digital signature that is used to track NFT ownership. However, data links that point to details like where the art is stored can die.The speculative market for NFTs has led more investors to trade at greater volumes and rates.The buying surge of NFTs was called an economic bubble by experts, who also compared it to the Dot-com bubble.

By mid-April 2021, demand appeared to have substantially subsided, causing prices to fall significantly; early buyers were reported to have “done supremely well” by Bloomberg Businessweek. An NFT of the source code of the World Wide Web, credited to internet inventor computer scientist Sir Tim Berners-Lee, was auctioned in June 2021 by Sotheby’s in London, and was sold for USD$5.4

References

Everything Is Becoming Paywalled Content Even You

Internet Tools, Privacy/Internet

On the internet of the future, nothing appears on your screen without approval. Scavenging Wikipedia, you’ll learn about pizza farms and the insane circumstances surrounding King Edmund II’s death (he died while taking a shit). At one point, you’ll likely tweet about that strange period in 2019 when Pete Buttigieg wore Obama drag during his primary run for president.

One night, before turning in for bed, you’ll scroll through Instagram, admiring one acquaintance in particular, deciding to follow their bio link to a private subscription-only page where they offer “premium” content (mostly nudes). In this version of utopia—your very own!—there is only bliss and the occasional curated chaos.

There are no diabolical algorithms suggesting what to stream, who to follow, or where to vacation. There is no nefarious ad tracking going on. Privacy intrusions are essentially nonexistent. There are no public status markers, no heart-emoji icons nudging you into liking something you actually don’t (but liked anyway because your friend posted it and that’s how friendship works on the internet). Everything you read and everyone you follow is, for once, up to you. In this digital Eden, you command full control.

There’s just one catch: It requires a monthly subscription of $5. In fact, most aspects of your harmoniously-constructed Shangri-La will necessitate a subscription. Even you—yes, you—will have a set monthly fee for family members, friends, colleagues, and Twitter randos to subscribe to all your top-tier content. This is the age of the subscription ouroboros, a constantly renewing cycle of collective (and sometimes shameless) self-sponsorship where everyone can stay in their own loop forever.

If all of that sounds like an impossibility, like it could only occur in some bizarro universe where celebrity presidents don’t exist and Earth is actually the temperature it should be, it’s not. It’s almost here. The internet turned everything into a commodity—now built on what economist Jeremy Rifkin calls “access relationships,” where “virtually all of our time is commodified” and “communications, communion, and commerce [are] indistinguishable.”

Think of it like an open subscription loop, or peer-to-peer lifestyle funding. The next frontier is a world where everyone is an influencer, and we are all just paying for, and being paid for, a litany of perfectly curated feeds.

In this future, OnlyFans creators like Clément Castelli are the cornerstones. He is among a generation of influencers who are the new faces of bare-all subscription fandom. With membership-oriented platforms, crowdfunding, and fan-based subscription sites—from Patreon to service-driven apps like TaskRabbit—people like Castelli can deliver exactly what users want, and those users, those fans, get exactly what they came for.

No one has to make content just to get views and appeal to the masses, and the masses don’t have to sort through everything they don’t want to find what they do—a shift that will change not just the future of work but internet life as we will come to know it.

Piece by piece, this transformation is already taking hold. In Rifkin’s 2001 book Age of Access, he anticipated a society not unlike the one we’ll soon have, where “every activity outside the confines of family relations is a paid-for experience, a world in which traditional reciprocal obligations and expectations—mediated by feelings of faith, empathy, and solidarity—are replaced by contractual relations in the form of paid memberships, subscriptions, admission charges, retainers, and fees.”

Although it is only now coalescing, the shift began about a decade ago, just as social media networks were equipping users with the tools to become avatars of endless self-creation, styling their identities however they saw fit. The most in-demand platforms—especially the big three: Instagram, Twitter, and Facebook—prioritized individualism and self-branding.

Around this time, major crowdfunders were also in vogue, promising that if projects were fully funded, contributors would receive special additional benefits for their donations. In 2013, Patreon expanded on the model Kickstarter and GoFundMe gave rise to, allowing “patrons” to opt-in to an artist’s ongoing creative pursuits, donating monthly and not just on a one-time basis.

“Patreon encourages creators to treat these patrons less like charitable benefactors and more like members who have purchased admission to a club,” Jonah Weiner reported last October for WIRED, “entitling them to exclusive perks, whether it’s gated chat sessions, bonus content, or early peeks at a work in progress.”

In the years since, platforms have found new ways to harness fandoms for profit. OnlyFans, which adopted a similar model to Patreon, played on the allure of the influence economy, enticing uber-popular Instagrammers like Castelli, trainer Badass Cass, and former MTV star Malcolm Drummer to upload risker content behind a monthly paywall.

In the six months since I reported on the site last year, it has doubled in size, with more than 20 million registered users and 200,000 “creators.” There’s an obvious demand for this stripe of content. OnlyFans began as an influencer’s paradise—they could finally show themselves as they never had before, and make money doing it—but it has since expanded its offering. Creators are no longer just influencers, reality TV stars, adult entertainers or #fitspo evangelists; they’re your friends, your neighbors, your coworkers, your local bartender and that one guy at Trader Joe’s who always bags your groceries just right. It is a preview of what’s to come.

Today, there seems to be a larger integration happening across-the-board, for everyone. All of us, in one form or another, will have no choice but to practice self-sponsorship. Imagining a future where Twitter and Instagram have private monthly subscription options for users with locked accounts doesn’t seem that far off. Maybe certain platforms offer package deals. For $10 a month on YouTube, you choose which five creators you want to subscribe to, of which they get a cut.

This new reality is less about everyone transforming into their own brand or even becoming an independent contractor at the whims of a mercurial gig economy—it will be the very basis for life, or at least livelihood. It’s the creation of a future in which we can never afford to stop working, or better yet, where work doesn’t actually feel like work.

Most people will still have the kind of jobs they have now, but living them will provide the additional capital they need to get by, as each person’s life just becomes another upload into someone else’s feed. This shift will completely change how we define labor, and what it means to generations who come after us, remapping their relationship to the internet and its many resources.

Not long ago, I wrote about why the internet might work better if certain parts of it were segregated along racial lines, calling to mind the digital communities of the past that thrived in isolation—MelaNet, CyberPowWow, NetNoir Online. I now wonder if this might be the actual shape that segregation takes, a kind of intentional partitioning as a matter of financial sustenance.

What I’m arguing for is not a private internet—in this dreamland, many services still offer “free” options—but one designed in such a way that people can support each other more meaningfully. As Rifkin predicted, many of our daily interactions are now “bound up in strictly commercial relationships.” But this doesn’t have to be a bad thing. We still have a choice to opt-in. Think of it as an internet built around more purposeful connections—only to the things, people, and experiences we want.

Jason Parham
Jason Parham is a senior writer at WIRED covering pop culture. Before joining the publication in 2017, he was an editor at The Fader and Gawker. Originally from Los Angeles, Parham is the founder of Spook, a literary journal for emerging voices.

Source: Everything Is Becoming Paywalled Content—Even You | WIRED

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More Great WIRED Stories

References

Olmstead, Kenny. “Online: Key Questions Facing Digital News”. The State of News Media 2011. Pew Research Center. Archived from the original on 7 November 2011. Retrieved 15 November 2011.

Can 5G Replace Everybody’s Home Broadband?

Communication Tech, Internet Tools, WiFi/Internet

When it comes to the possibility of home broadband competition, we want to believe. And in the case of 5G mobile broadband, wireless carriers want us to believe, too. But whether or not technological and commercial realities will reward that faith remains unclear. As with 5G smartphones, the basic challenge here sits at the intersection of the electromagnetic spectrum and telecom infrastructure economics.

Further Reading

5G on the horizon: Here’s what it is and what’s coming

When delivered over millimeter-wave frequencies and their copious amounts of free spectrum, 5G can match the speed and latency of fiber-optic broadband, with downloads of 1 gigabit per second and ping times under 10 milliseconds. But on those frequencies of 24GHz and up, signals struggle to reach more than a thousand feet outdoors.

Carriers can fix that by building many more cell sites, each with its own fiber backhaul, but a fiber-to-the-block build-out may not be appreciably cheaper than fiber-to-the-home deployments. And while residences don’t move and don’t mind wireless antennas larger than a shirt pocket—unlike individual wireless subscribers—residences also have walls that often block mmWave signals. (Presumably also unlike individual wireless subscribers.)

The other frequency flavors of 5G (the low- and mid-band ones) don’t suffer mmWave’s allergies to distance or drywall. But they also can’t match its speed or its spectrum availability—which in the context of residential broadband means they may not sustain uncapped bandwidth.

Further Reading

Satellite Internet faster than advertised, but latency still awful

So as much as residential customers might yearn for an alternative to their local telecom monopoly—or for any form of high-speed access besides laggy connectivity from satellites in geosynchronous orbit—5G doesn’t yet rank as a sure thing. There’s a promise, but many things still need to go right for that promise to be fulfilled.

Or, as New Street Research analyst Jonathan Chaplin phrased things in an email: “If your fundamental question is ‘will 5G allow you to dump Comcast’ the answer is absolutely! Depending.”

Verizon’s bet on millimeter-wave broadband

Consider the 5G Home service that Verizon Wireless launched in parts of Houston, Indianapolis, Los Angeles, and Sacramento in October 2018 (later expanded to parts of Chicago).

At $70 a month for unlimited data—with a $20 discount if you have a $30 or higher Verizon Wireless smartphone plan—and with download speeds from 300 to 940 megabits per second, the service would compare well with cable even if so many cable Internet plans didn’t include data caps and slap on modem-rental fees.

Reddit threads about the service in Houston, Sacramento and elsewhere offer a mix of praise for its performance (including reports of upload speeds in the range of 200Mbps, significantly faster than what most cable services offer) and complaints about it not being available at individual redditors’ addresses.

Verizon's 5G Houston coverage as of December 2019, with 5G "Ultra Wideband" in dark pink. For an idea of how much of the Houston metro this covers, you can zoom out from the same location at <a href="https://www.google.com/maps/place/Houston,+TX/@29.733833,-95.429167,14z/data=!4m5!3m4!1s0x8640b8b4488d8501:0xca0d02def365053b!8m2!3d29.7604267!4d-95.3698028">this Google Maps link</a>.
Enlarge / Verizon’s 5G Houston coverage as of December 2019, with 5G “Ultra Wideband” in dark pink. For an idea of how much of the Houston metro this covers, you can zoom out from the same location at this Google Maps link.
Verizon

“Towards the beginning of service, there were a few firmware issues with the modem Verizon provided, but they patched that within a month,” said a software engineer in Sacramento who asked not to be named. “Since then, there’s not been significant downtime that I noticed.”

“Overall I’m happy with my 5G,” wrote another 5G Home user in Houston who runs a crisis-management firm. “No downtime that I can remember. I don’t have my exact speeds but it seems pretty quick. More than enough for my TV streaming and Web surfing.”

“There were only a few short (less than 30 min?) cases of 5G service downtime that I can recall, and they were all mostly toward the beginning of my service, so I imagine they were able to fix those stability issues quickly enough,” wrote Vincent Garcia, a software engineer in Sacramento. “My speeds seem to be the same as when I first got the service: 300-600 Mbps down, 120-140 Mbps up.”

Garcia noted one other benefit: “One interesting thing I’ve noticed is that other ISPs in my area seem to have stepped up their game in terms of value (at least in terms of their initial contract period).”

One early fear raised about millimeter-wave 5G, that it would suffer from “rain fade” akin to what cuts out satellite-TV reception during showers, doesn’t yet appear to have emerged as a serious problem. Those Reddit discussions about Verizon’s service don’t mention it, while a Twitter search reveals no firsthand reports of rain-faded 5G.

Ashutosh Dutta, a research scientist at the Johns Hopkins University’s Applied Physics Laboratory, pointed to a 2019 study by researchers at the Indian Institute of Information Technology Kalyani and the University of Calcutta’s Institute of Radio Physics and Electronics in West Bengal, India. They found that “proper fade mitigation techniques” can keep even heavy rain from disrupting millimeter-wave communication at frequencies up to 40 GHz. Verizon’s 5G Home, at 28 and 39 GHz, sits on the forgiving side of that line.

By: Rob Pegoraro

Source: Can 5G replace everybody’s home broadband? | Ars Technica

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What is 5G? Why do you want it in your home? What type of speeds does 5G promise? We’ll discuss it all.

TED – The Rapid Growth of The Chinese Internet & Where It’s Headed By Gary Liu

China Economy/Study, Content Marketing, Internet Marketing Course, Internet Tools, WiFi/Internet

The Chinese internet has grown at a staggering pace — it now has more users than the combined populations of the US, UK, Russia, Germany, France and Canada. Even with its imperfections, the lives of once-forgotten populations have been irrevocably elevated because of it, says South China Morning Post CEO Gary Liu. In a fascinating talk, Liu details how the tech industry in China has developed — from the innovative, like AI-optimized train travel, to the dystopian, like a social credit rating that both rewards and restricts citizens…..

 

 

 

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Delta Announces Free In-Flight Wi-Fi For All Passengers – Jordan Bishop

Airbus/Boeing, Airlines, Content Marketing, Internet Tools, Travel Tools, Travel/Journey

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As for Delta, this isn’t the airline’s first step toward connecting us at 30,000 feet. It was the only founding member airline of the Seamless Air Alliance—a group that includes Sprint and Airbus and is set on making Wi-Fi in the skies as good as it is on the ground—and has been making bold investments in wireless technology for years. “Delta is already on its third-generation Wi-Fi system on many of its aircraft, moving from Gogo ATG to ATG-4 and now to 2Ku in just a few years,” RouteHappy explains in its recent report of the state of in-flight Wi-Fi……

Read more: https://www.forbes.com/sites/bishopjordan/2018/10/02/delta-free-in-flight-wi-fi/#353619401243

 

 

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Why Google Fiber Is High-Speed Internet’s Most Successful Failure – Blair Levin & Larry Downes

Business Hacks, Content Marketing, Google Business Tool, Google/Yahoo News, Internet Tools

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In 2010, Google rocked the $60 billion broadband industry by announcing plans to deploy fiber-based home internet service, offering connections up to a gigabit per second — 100 times faster than average speeds at the time. Google Fiber, as the effort was named, entered the access market intending to prove the business case for ultra-high-speed internet. After deploying to six metro areas in six years, however, company management announced in late 2016 that it was “pausing” future deployments……

Read more: https://hbr.org/2018/09/why-google-fiber-is-high-speed-internets-most-successful-failure

 

 

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Discover How Ex High School Teacher Who Made Over $208.98 Per Day With Instant Buyer Traffic

Affiliate Marketing, Affiliate Marketing Course, Affiliate Marketing Study/Strategies, Business Assistance/Consultant, Business Course, Business Hacks, Content Marketing, Internet Marketing Course, Internet Tools, Marketing Course Study, Traffic Exchange Tools, Traffic Manager Tools, Traffic Strategy, Traffic Trends

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Affiliate Marketing, Affiliate Marketing Course, Affiliate Marketing Study/Strategies, Affiliate Sales Page, Business/Customer Care, Content Marketing, Content Strategy/Generating Content, Internet Tools, Marketing Course Study, Marketing Strategy, PLR, PLR Package

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Why Major Cryptocurrency Investors Are Betting Heavily Against Ethereum – Jeff Kauflin

Business Assistance/Consultant, Business Assistant, Business Hacks, Business Psychology, Business/Customer Care, Company Success, Content Marketing, Content Strategy/Generating Content, CryptoCurrency, Digital Marketing, Economy/Business News, Influencers, Internet Tools, Investment Facts

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Ethereum, the second-largest cryptocurrency platform in the world, has seen its currency plummet 36% this year. But some major crypto investors think it has more room to fall, and they’re betting aggressively against it.

New York-based Tetras Capital, a crypto hedge fund that launched last summer and is known for in-depth analyses of cryptocurrency prices, has shorted ether, borrowing the coins and hoping they tank so it can buy them back at a lower price. Tetras started shorting ether in May 2018, when the price ranged from $572 to $659. Ether currently hovers around $470.

Last week, Tetras published a 41-page report explaining its reasoning. Forbes estimates the six-person hedge fund has $30 million in assets under management. The ether short is one of its two high-conviction positions—the other is its bitcoin investment, says founding partner Alex Sunnarborg.

Timothy Young, a former entrepreneur who sold tech startup Socialcast for more than $100 million in 2011, is shorting ether through his San Francisco family office, Hidden Hand Capital. Hidden Hand has more than $100 million in crypto assets under management. And Bay Area hedge fund Neural Capital also has a short position, according to a person familiar with the matter.

Ethereum aims to be a global computing platform, but investors like Tetras and Hidden Hand are concerned that its $48 billion market cap isn’t justified, largely because the network can only handle about 15 transactions per second. By contrast, Visa can handle 24,000 transactions per second. “Ethereum has an incredible talent pool of developers,” Young says. “In the long term, I think they’ll solve a lot of scaling challenges. But in the short term, there’s a disconnect between the price and underlying technology.” Sunnarborg agrees, saying, “Just because something is a good idea doesn’t mean it’s a good investment.”

Ethereum isn’t controlled by a single company, and decentralized applications (DApps) run on top of it. None of these apps have more than 5,000 daily active users, yet the network is nearly at full capacity. Network congestion can cause the fees required to use the platform to skyrocket.

For example, to perform a simple step in the Ethereum-based game CryptoKitties, where users can create digital memorabilia, it might cost $3. Those costs rose higher than $20 at the end of 2017. “An application call can be roughly 1 million times as expensive on Ethereum as compared to a centralized service like AWS [Amazon Web Services],” Tetras wrote in its report.

Ethereum developers are working on several solutions to improve network capacity. The Tetras team thinks significant improvements are too far off. “The most optimistic estimates suggest that Ethereum’s Layer-2 and other broad scaling solutions will not be fully functional, tested, or capable of supporting the most popular DApps for roughly another two years,” Tetras’ report reads.

Jake Brukhman, founder of Brooklyn-based crypto asset manager CoinFund, disagrees. He has been holding ether since July 2015, and the asset has historically made up between 20% and 42% of his firm’s first fund. Among Ethereum’s nearer-term scaling solutions like “state channels,” which allow transactions to happen more quickly, off the Ethereum blockchain, “a ton of improvements are coming to market this year,” Brukhman says. “As a blockchain technology, Ethereum still remains the largest ecosystem of technologies, tools and developers.”

Some data suggests that few investors are closely monitoring Ethereum’s technological progress. Casper and Plasma are two technical updates that will help speed up Ethereum transactions. “Casper and Plasma publish their meetings, and they still have less than a few hundred views on YouTube,” Young says. “I don’t think most people are either taking the time or have the technical background to really understand.”

Other big-name investors are on the fence about ether. Kyle Samani, managing partner at Multicoin Capital, says he’s “seriously considering” shorting it, but is already betting against ripple and litecoin and isn’t ready to add more short exposure. Longtime crypto investor and CoinShares chief strategy officer Meltem Demirors is “neutral” on ether. “We are nowhere near a bear market yet,” she says, although she thinks demand for Ethereum-based tokens and applications is largely speculative. “In the absence of more Enterprise Ethereum Alliance announcements in 2018, I won’t look to add more exposure.”

Tetras goes into many other reasons for its short in its report. Other well-funded Ethereum competitors like EOS, Dfinity and Tezos have recently come online or are planning to launch later this year. “EOS just raised $4 billion, and you can pay teams to build applications,” Sunnarborg says. “I don’t think people with big bags [investments] are going to let that die.”

Tetras also thinks the ICO boom has driven ether’s price up, since many ICOs accepted only ether from interested investors. Those ICOs are at risk of a regulatory crackdown, “which will dry up most of ETH demand,” the report predicts.

Sunnarborg believes ether would need to become a better store-of-value asset to live up to its valuation. He sees bitcoin as the more likely winner as the top store-of-value crypto asset, due to “crucial characteristics, including: security, political and architectural centralization, monetary supply, regulation, and liquidity,” he says.

What would it take for Tetras to change its mind and exit its short? “If Vitalik and Vlad came out tomorrow and said, ‘In our sleep we developed the perfect sharding [scaling] solution,’ we might change our view,” Sunnarborg says.

Or if a regulatory ruling gave Ethereum a competitive advantage—for example, if other platforms like NEO or Dfinity were classified as securities—he would rethink the position. He doesn’t see the SEC’s recent statement that Ethereum isn’t a security as an indicator of a competitive advantage, because the ICOs that launched on top of Ethereum are still at risk of being deemed securities.

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The challenge Internet Of Things Poses for Enterprises

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Raman Sapra is a digital business leader at Sasken. He spoke with TechRepublic’s Alison DeNisco Rayome during LiveWorx 2018 about the industrial Internet of Things.

Raman Sapra: If you look at industry IoT, right … Industrial IoT is seeing a very fast pace of eruption. And, it is driven by either Industry 4.0 use cases, and as well, industrial companies are looking at industrial IoT to automate their factory processes.

Or, it is been driven by smart-connected products, where companies are looking at their existing products and making them smart and connected.

So, we are seeing demand for industrial IoT driven by both these two scenarios.

You know, I must also spend some time and give you and your viewers a quick perspective in terms of what has Sasken focused on, as far as digital is concerned.

SEE: Internet of Things policy (Tech Pro Research)

So, Sasken is an organization with a very strong product engineering services heritage. And, we are now in the process of scaling out the digital business at Sasken.

We are not focused on consumer digital. We are not focused on beta-suite digital. We are focused on industrial digital or B2B digital. And, we are delivering that to our customers through very focused practices of platform development, IoT, data analytics and mobility, and immersive reality.

The biggest challenge organizations are facing is the right use case. What should we start with? How do we get quick success, as far as a pilot is concerned? And, once you had success with the pilot, how do we quickly scale it out?

So, I think the critical thing is to define the right use case, so that one is successful, one can take learnings from the pilot, and then scale it out.

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