• Chris Li predicts blockchain will shift from horizontal to vertical scaling soon.
• Vertical scaling could enhance efficiency in online casinos and improve user experience.
• Advanced solutions like atomic swaps may replace wrapped assets, preserving decentralisation.

Chris Li, a former Microsoft engineer and the founder and CTO of Ava Protocol, has made a bold prediction for the future of blockchain technology. 

According to Li, the focus of blockchain development is set to shift from horizontal scaling towards vertical scaling within the next five years. This transition is anticipated to redefine how various industries utilise blockchain technology, particularly in terms of efficiency, user experience, and decentralisation.

Horizontal scaling solutions reach saturation

Horizontal scaling, which involves increasing the number of nodes or expanding network capacity, has been the primary method for improving blockchain performance. However, Li suggests that this approach has reached its limits. 

The saturation of horizontal scaling solutions, such as Ethereum’s layer-2 solutions and zk-rollups, indicates a pressing need for new strategies. 

Vertical scaling, on the other hand, aims to enhance the capabilities of individual transactions, making them faster and more cost-effective while maintaining decentralisation.

Online gaming set to benefit significantly from vertical scaling

One industry poised to benefit significantly from vertical scaling is online gaming, specifically online casinos.

The integration of blockchain technology in online casinos has already shown promise in terms of transparency, security, and fair play. 

Vertical scaling could further revolutionise this sector by enabling more complex transactions and interactions within gaming platforms. Enhanced smart wallets and multi-signature solutions could streamline the user experience, making it easier for players to manage their assets and engage in secure, instant transactions.

Li highlighted the limitations of wrapped digital assets, which, despite their utility in bridging assets across different blockchains, reintroduce centralisation risks and trust dependencies. 

For online casinos, this means that the current reliance on custodians for asset management could be replaced by more decentralised solutions such as atomic swaps and cross-chain bridges. 

These technologies promise to preserve the decentralised ethos of blockchain while enhancing functionality and security.

Balancing between security, scalability and decentralisation

Moreover, vertical scaling could address the blockchain trilemma — balancing security, scalability, and decentralisation. 

By allocating resources more efficiently and enhancing transaction capabilities, vertical scaling could provide industries like online casinos with robust, scalable solutions that do not compromise on security or decentralisation.

Vertical scaling offers a promising future, transforming how blockchain technology is applied across various sectors and paving the way for more efficient and user-friendly applications.

• Tether has announced it invested in the Series A round of the Academy of Digital Industries, an educational platform in Georgia.
• The ongoing financial investment will help support the “real world” education about blockchain, bitcoin, stablecoins and P2P technologies, Tether CEO Paolo Ardoino said.

Tether Operations Limited, the company behind the USDT stablecoin, has made an undisclosed investment in the Series A round of Academy of Digital Industries, a Georgia-based education platform.

The investment in the educational platform follows recent initiatives aimed at promoting blockchain innovation in Georgia. This program is expected to be an ongoing one, with Academy receiving long term financial assistance, Tether said in an announcement on Friday.

Tether steps into education business

According to Tether, the partnership offers the Georgian platform the opportunity to tap into the stablecoin issuer’s global network and expertise as it brings Bitcoin, stablecoins, AI and P2P technologies to students.

The collaboration and investment into the Academy of Digital Industries is also part of Tether’s commitment to support financial freedom and innovation globally, Tether CEO Paolo Ardoino said.

“Tether is a strong believer in financial freedom, freedom of communications, and freedom of education. High quality, accessible, and unbiased education is one of the most important pillars for the future of humanity,” he noted.  

In a comment posted on X, the Tether boss said the company “is stepping into the education business.” He added:

“This is Real World Education, not “yet another couple of blockchain and defi courses” play.”

#tether is stepping into the education business.

This is Real World Education, not “yet another couple of blockchain and defi courses” play.

Academy of Digital Industries has proven their unique aproach to offline+online education, expanding rapidly across a vast variety of… https://t.co/715jfGfxY8

— Paolo Ardoino (@paoloardoino) December 22, 2023

Apart from the partnership, Tether also revealed an educational program dubbed “Mastering the Blockchain,” had been completed. This is the first such initiative in Georgia, which was made possible in collaboration with the Georgian Agency for Innovation and Technology (GITA) and Business and Technology University.

• Officials at OpenAI believe that artificial intelligence will disrupt all industries. 

• The Chief Operating Officer expects the tech to lead to major layoffs.

• AltSignals has raised over $1M in its highly successful token sale.

Artificial intelligence is one of the most disruptive industries of our time. Some analysts are comparing it with the innovation of the smartphone while others believe it is equivalent to the introduction of the internet. In a statement, Brad Lightcap the COO of OpenAI, warned that the industry will likely lead to substantial job losses in the future. He said this as AltSignals raised over $1 million in a token sale.

AI will disrupt all industries

Analysts believe that the artificial intelligence industry will disrupt all sectors of the economy. Today, many brand new cars have incorporated AI that help people improve their driving skills and reduce accidents. Companies like Tesla and General Motors use AI and machine learning to power their self-driving vehicles.

Similarly, news organizations like BuzzFeed are using AI to write content while Grammarly is helping content writers identify mistakes. It is also possible to write quality content using AI platforms like Bard and Bing. 

In a statement, the Chief Operating Officer (COO) of OpenAI, the creator of ChatGPT said that he believes that many jobs will be eliminated as companies embrace AI. He said:

“Every large company has an army of people that read and review contracts for revenue recognition purposes, for example. You may not have that job. That may not be a job of the future.”

Studies believe that the AI industry will be worth trillions of dollars in the next few years. Data compiled by Statista shows that the industry was generally valued at $95.2 million in 2021 and that it will hit over $1.8 trillion by 2030. Today, several AI companies like C3 and Nvidia have become multi-billion dollar entities.

AltSignals to disrupt finance

Another area that will see disruption is in the financial services industry. In fact, the sector is already seeing disruption with many hedge funds now using the technology to conduct analysis and implement orders.

AltSignals is one of the upcoming projects that seeks to leverage the technology to boost its business. For starters, AltSignals is a company that provides technical analysis and signals to customers from around the world.

Its current business model involves conducting technical analysis and identifying trading opportunities. It uses indicators like moving averages, Relative Strength Index (RSI), and the MACD.

While its trading signals are accurate, the management believes that embracing AI will make them better. According to its white paper, the technology will combine machine learning with natural language processing. Other technologies are regression and predictive modeling.

ASI token sale continues

As part of this development, the creators are running a token sale where users can participate in the project. Anyone can buy the ASI token for just 0.015 USDT. In the next stage, the price will jump by 25%. A lot of people have already bought the token. As you can see here, the token sale has raised over $1.011 million, which is equivalent to 93.68% of all tokens. 

The ASI token will power the AltSignals ecosystem. While it will be centralized initially, the developers hope to decentralize it in the future. This means that holders will be able to vote for the ecosystem’s growth and share the profits.

Most dangerous and high-paying jobs within the commercial sector are ripe for displacement by drone technology

The drone industry is one of the fastest-growing industries in the world today. With technologies making strides with each passing day, it would be an impossible task to keep track of all upgrades available. Unless flying drones is your main occupation, it will be a challenge, to put it mildly. Unmanned aerial vehicle technology covers everything from the aerodynamics of the drone, and materials in the manufacture of the physical UAV, to the circuit boards, chipset, and software, which are the brains of the drone.

With the rising accessibility of drones, many of the most dangerous and high-paying jobs within the commercial sector are ripe for displacement by drone technology. The use cases for safe, cost-effective solutions range from data collection to delivery. And as autonomy and collision-avoidance technologies improve, so too will drones’ ability to perform increasingly complex tasks.

The emerging global market for business services using drones is valued at over US$127 billion, according to PwC. And as more corporations look to capitalize on these commercial opportunities, investment in the drone space has grown.

Over the past few years, drones have become central to the functions of various businesses and governmental organizations and have managed to pierce through areas where certain industries were either stagnant or lagging. From quick deliveries at rush hour to scanning an unreachable military base, drones are proving to be extremely beneficial in places where a man cannot reach or is unable to perform in a timely and efficient manner.

Increasing work efficiency and productivity, decreasing workload and production costs, improving accuracy, refining service, and customer relations, and resolving security issues on a vast scale are a few of the top uses drones offer industries globally. The adoption of drone technology across industries leaped from the fad stage to the mega-trend stage fairly quickly as more and more businesses started to realize its potential, scope, and scale of global reach.

Major companies like Amazon, UPS, and DHL are in favor of drone delivery. Drones could save a lot of manpower and shift unnecessary road traffic to the sky. Besides, they can be used over smaller distances to deliver small packages, food, letters, medicines, beverages, and the like.

Drones provide quick means, after a natural or man-made disaster, to gather information and navigate debris and rubble to look for injured victims. Its high-definition cameras, sensors, and radars give rescue teams access to a higher field of view, saving the need to spend resources on manned helicopters.  Where larger aerial vehicles would prove perilous or inefficient; drones, thanks to their small size, can provide a close-up view of areas.

Today, drones are used in construction, photography, agriculture, defense, and other industries to protect the skies, repopulate forests and accomplish much more on a huge scale. Drone technology is only as powerful as the teams who create it, and with the innovation put on display by these drone companies, it’s clear the future for drones is sky-high.

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Original Source: https://www.analyticsinsight.net/drone-industry-one-of-the-fastest-growing-industries…

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