ledger technology
Building a Knowledge Graph of Distributed Ledger Technologies
König, Lukas, Neumaier, Sebastian
Distributed ledger systems have become more prominent and successful in recent years, with a focus on blockchains and cryptocurrency. This has led to various misunderstandings about both the technology itself and its capabilities, as in many cases blockchain and cryptocurrency is used synonymously and other applications are often overlooked. Therefore, as a whole, the view of distributed ledger technology beyond blockchains and cryptocurrencies is very limited. Existing vocabularies and ontologies often focus on single aspects of the technology, or in some cases even just on one product. This potentially leads to other types of distributed ledgers and their possible use cases being neglected. In this paper, we present a knowledge graph and an ontology for distributed ledger technologies, which includes security considerations to model aspects such as threats and vulnerabilities, application domains, as well as relevant standards and regulations. Such a knowledge graph improves the overall understanding of distributed ledgers, reveals their strengths, and supports the work of security personnel, i.e. analysts and system architects. We discuss potential uses and follow semantic web best practices to evaluate and publish the ontology and knowledge graph.
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In a survey of institutional traders conducted by JP Morgan, more than half of the respondents predicted that, over the next three years, machine learning and artificial intelligence will have a greater impact on trading than blockchain and distributed ledger technology. The seventh edition of JP Morgan's e-Trading Edit report was released in January and was based on a survey of 835 institutional traders across 60 worldwide marketplaces. The objective of the annual survey of trader sentiment, which covers a variety of asset classes, is to identify "upcoming trends and the most controversial topics." The turbulent cryptocurrency bear market, along with recent consumer and business enthusiasm over approachable AI technology like ChatGPT, appears to have changed the perspective of financial industry professionals. With 25% of respondents saying they were critical to the future, blockchain and distributed ledger technologies tied for second place with AI and machine learning last year.
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Institutional Traders Shifting Attention from Blockchain to AI
More than half of the institutional traders surveyed by global financial services giant JP Morgan said that artificial intelligence and machine learning will be the most influential technology in shaping the future of trading over the next three years--cited four times more often than blockchain and distributed ledger technology. JP Morgan's e-Trading Edit report is now in its seventh year, the latest report drawn from a January survey of 835 institutional traders in 60 global markets. The annual assessment of trader sentiment spans several asset classes and is intended to reveal "upcoming trends and the most hotly debated topics." The tumultuous bear market in crypto--coupled with the recent consumer and commercial hype over accessible AI technology like ChatGPT--seems to have shifted the outlook of financial industry professionals. Last year, blockchain and distributed ledger technology tied for second with AI and machine learning with 25 percent of respondents declaring them key to the future.
Ethical principles governing emerging tech are lacking in most organizations
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From performing simple commands on smartphones using Alexa or Siri to high-end technical operations in big tech firms, one thing is sure: Ease is a necessity in the modern human experience. The 21st century has marked a rapid advancement of technology in every aspect of human life and interactions. Despite being around for many decades, the replication of human intelligence in machines -- artificial intelligence -- has now become popularized. With many tech companies rushing to adopt the technology, the market size is expected to grow to $126 billion in 2025. Similarly, distributed ledger technology and cryptocurrencies have exceeded everyone's expectations and are looking to compete with traditional fiat currencies.
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