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Information Technology: The Happeneing: Siva Prasad
Information Technology: The Happeneing: Siva Prasad
Information Technology: The Happeneing: Siva Prasad
Happeneing
Siva Prasad
Artificial Intelligence
• Intelligence displayed by machines
• ANN used for various tasks like - Computer vision, speech recognition,
Machine translation, Social network filtering etc.
Cyber Physical System
• Takes inputs from real world objects and augments sound, vision etc.
• Balloons communicate with each other and with ground based devices to
enhance connectivity
• “#DeleteFacebook” movement
Kogan and his app
• Facebook has allowed outside developers to build and offer their own
applications within its space since 2007.
• The app presented users with a series of surveys. Kogan collected data
not just on those users but on their Facebook friends, if their privacy
settings allowed it
• While Kogan says his app’s terms and conditions specifically allowed
“commercial use.”
• Using the data from Facebook, the pages I like, my answers to various
surveys, CA gets a fair idea about me. For example, they data suggests
that I am a honest person and would like to vote for honest people.
• Who keeps track of all the transactions in my account? -> The Bank
• The Bank maintains a ledger where all the transactions are getting
recorded
My Ledger with the bank
Problem
• Digital/Virtual currency
• Intangible asset
• Similar to Unacademy Credits -> you earn when you watch more lessons
similarly, you earn Bitcoins when you solve complex maths algorithms
• Bitcoins are “Mined”; How fast you mine depends on hash rate
• Higher hash rate -> you can solve more algorithms/ solve at a faster rate;
Bitcoins
• Bitcoin is randomly assigned to a system;
• To win a lottery the more the lottery tickets you buy higher the chances of
winning similarly higher the hash rate, higher the chances the bitcoin will be
allocated to you
• Why doesn’t RBI print infinite currency and circulate it? -> More the currency
in circulation lesser is the value
• Similarly, Bitcoins that can be mined are finite -> there will be only 21 million
bitcoins in total (i.e available for mining)
• When you earn bitcoins they are stored in “wallets” just like Paytm
Computers mining Bitcoins
Bitcoin will be randomly assigned to
one of the computers
Siva’s
Computer
Remember Distributed Ledger?
Remember Distributed Ledger?
• When my system gets assigned a bitcoin, all the other computers will
update that I have been assigned a bitcoin in their own ledgers
• Hence, the bitcoin since it was originally mined by to the current holder of
that particular bitcoin; all the transaction details are maintained by these
ledgers hence no scope of fake transaction or fake bitcoin
Benefits
• Easier fund transfer
• Anonymous
• Difficult to counterfeit
• Volatility