Snippings

Oliver Dowden, the UK’s Minister for Culture and such like, got a lot of criticism this week 

However, as Diane Coyle and Wendy Li pointed out in their paper on “The Data Economy: Market Size and Global Trade” for the Economic Statistics Centre of Excellence (part of the UK’s National Institute of Economic and Social Research) recently, GDPR restricts firms from repurposing data beyond its original intended use without re-obtaining consent from individuals (to safeguard privacy,) which limits data sharing among firms.

(It’s not all about regulation, of course. Many companies are reluctant to share data with others, either because of market position of perhaps sometime because they do not understand the value of the data.)

This is where there is a new approach that fintechs can build on. Using cryptographic techniques that I group together under the label of “counterintuitive cryptography”

one of the very first blog posts that I ever wrote, way back in 2006, was about how virtual gold miners in online games in China were making more money than actual Chinese gold miners!

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From hard currency to social currency, learn which currencies are best for your game and how developers are using them

From 11 in-game currencies you need to know about | by JBDev | ironSource LevelUp | Medium:

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2005 Digital Identity Forum (Consult Hyperion)

From Richard A. Bartle: Curriculum Vitae:

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If you find yourself in a virtual economy that is unfair — perhaps some players have great inherited wealth that they have not earned or some players have connections that give them privileged access to certain goods or some players are able to manipulate markets to their own advantage — that you can leave it and go to another one. It’s not so easy to find another real world to play in.

From Virtual, like dollars – Consult Hyperion:

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Following my friend’s brilliant insight, I shall stop using the word “real” and from now on will only refer to the mundane world as the “opposite” of the virtual world. They’re both “real”.

From Mundane indeed | 15Mb:

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Most financial professionals expect digital assets will replace government-issued currencies within a decade, or at least present a solid alternative to them, a Deloitte survey has found.

From Crypto assets could replace fiat currencies within as little as 5 years, financial execs tell Deloitte | Currency News | Financial and Business News | Markets Insider:

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Speaking at the Tomorrow’s Transactions conference in London last week, Kelly Olson, director of the distributed ledger technology group at Intel, discussed ways it is possible to use a “secure enclave”, similar to what Apple uses for its Touch ID, to increase blockchain security.

From Intel Conducting Experiments to Massively Scale Blockchain – CoinDesk

Kelly was kind enough to mention Consult Hyperion’s work for Intel on this project.

From Are blockchain security protocols up to the task? : DisruptiveViews:

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Meanwhile, luxury brands have formed consortiums to adopt digital warranty solutions and address counterfeit challenges in the industry. Arianee, a blockchain alliance that includes Breitling and Vacheron Constantin and creates digital passports for luxury goods, recently raised €8 million in a seed round. In addition, luxury blockchain consortium Aura, founded by LVMH, recently expanded to include Prada and Cartier.

From Korean retailer issues blockchain warranties as NFTs for luxury items – Ledger Insights – enterprise blockchain:

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Digital warranties give customers additional peace of mind when purchasing luxury brands. It can also provide the purchasing history, warranty period, and other item information. In the case of SSG.com, the warranty card includes the item’s serial number and is sent to the customer’s smartphone.

From Korean retailer issues blockchain warranties as NFTs for luxury items – Ledger Insights – enterprise blockchain:

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