Category: Blockchain

Understand blockchain technology, crypto assets and digital trust through explanatory research and recorded WiBrief technology conversations.

  • AI WAVES: Web 3.0, Blockchain and Cryptocurrencies [VIDEO]

    AI WAVES: Web 3.0, Blockchain and Cryptocurrencies [VIDEO]

    Summary

    Host Jerzy Biernacki Speakers: Dr Jane Thomason – Chair of the Board of Kasei Holdings Sophia Shluger – MD for Europe at Amber Group Sandra Mianda – Founder at Paypr.work Krysztof Kogutkiewicz – CEO at Nextbank

    Watch now

    In the 5th edition of the AI Waves webinar an expert panel turned their focus to the rise of Web 3.0 and discussed its potential impact across the business world. 

    What is Web 3.0?

    Web 3.0 is the third generation of the evolution of web technologies, following Web 1.0 and Web 2.0. Web 3.0 is expected to be more open, connected and intelligent than its predecessors and a defining feature of Web 3.0 will be decentralisation. The ability to decentralise will essentially allow different technologies and communities to be more self-governing and as a result, Web 3.0 can be expected to be more open, connected and intelligent than its predecessors. 

    What does decentralisation mean for Web 3.0?

    What decentralisation means for the web

    The Evolution of the Web

    Questions Covered

    Will Web 3.0 become the new norm soon, or is it an over-hyped trend? (9:07)
    Why does Web 3.0 matter for business? (20:36)
    Which type of company, old or new, are adopting the capabilities of Web 3.0? (30:13)
    How can companies use Web 3.0 to grow their businesses? (48:48)
    How should we more accurately define  and distinguish cryptocurrencies? (57:47)
    What can blockchain technology be used for other than within the context of crypto currencies? (1:02:42)

    Panel Key Takeaways

    Web 3.0 will provide a platform for the convergence of a number of technologies, including: Ai, IOT and Extended & Virtual reality.
    Web 2.0 was the internet of information, Web 3.0 will be the internet of value. Furthemore, moving from Web 2.0 to Web 3.0.
    The uses of Web 3.0 are diversifying beyond just gaming, which is where we are seeing it mainly used at present. 
    Digital identifiers will be critical to the adoption and growth of de-centralised finance in Web 3.0. 
    The ‘energy consumption problem’ faced by blockchain should not be considered in isolation,  but considered alongside the wider problem that all industries are currently  facing and trying to solve. 

    Question and Answer – Key Takeaways

    Ed-Tech and Fin-tech will likely make up significant parts of Web 3.0, and the democratisation of access will definitely be beneficial for the individual concerning their interactions with these technologies.
    In Web 3.0 the individual will have greater ownership of their data and therefore wyoill be in a much stronger position regarding the monetisation of this data in comparison to the position in Web 2.0.

    AI AIApplications AI ethics AIEthics AI governance AIGuides AI in law AIInLaw AI innovation AIResearch Algorithmic Bias Algorithms Artificial Intelligence ArtificialIntelligence automation Autonomous Vehicles Blockchain Disputes education Environmental ESG fairness by design Featured FutureOfLaw future of work generative AI innovation InnovativeLaw LegalAI LegalAnalysis LegalInnovation legal tech LegalTech LegalTechnology NeuralNetworks OracleOfDelphi Policy Quantum Responsibility Retrieval-Augmented Generation Self-Driving cars TechInLaw TimeBasedAI UK Web 2.0


    More from the WiBrief conversations archive

    Continue exploring the foundations of decentralised technology and the broader relationship between emerging systems and society.

  • Blockchain E – Salon: What’s all the hype around Blockchain about? [VIDEO]

    Blockchain E – Salon: What’s all the hype around Blockchain about? [VIDEO]

    WiredBrief are delighted to bring to you another exciting panel event hosted by Legal Hackers MCR, which looks into Blockchain and what the hype is all about.

    About this Event:

    Are you tired of seeing generic news articles about Blockchain that just talk about it in terms of Bitcoin and daily price fluctuations?

    Blockchain and decentralised ledger technology have many uses that extend past digital currencies. Their ability to create a secure trust-less, permissioned ledger is just one example of a feature, that will make the technology a crucial hallmark of the connected world and Internet of things (IOT).

    If you are looking to expand your knowledge of Blockchain and better understand its place in our connected digital future, then come to the Manchester Legal Hackers E Salon where they’ll be finding out what the fuss is all about!

    Host:

    Xuening Qu – Legal Technologist at DWF

    Co – Host:

    Abigail Holt – Barrister at Garden Court Chambers

    Event Co – Ordinator:

    Geofrey Banzi – Legal Technologist at KPMG

    Panellists

    Adi Ben-Ari

    Founder & CEO at Applied Blockchain

    Adi has over 20 years enterprise software experience, more recently leading major deliveries of production blockchain and advanced cryptography solutions. Adi is widely recognised as an independent thought leader in the industry, a noted speaker at major conferences, experienced in educating C-suite on blockchain, confidential computing and privacy-preserving technologies, and acts as an advisor for a number of startups.

    His work has been noted by the UK Government, where he was invited to present at Parliament and the House of Lords, and at University College London. Adi has contributed to the recent work of the Law Society on Blockchain, Legal and Regulatory Guidance. He has co-invented and designed a number of patents related to confidential computing, advanced cryptography, blockchain and mobile payments.

    Will Foulkes

    Senior Solicitor & Head of Blockchain at Stephenson Law Will is an experienced solicitor and specialist in distributed ledger technologies, digital assets and smart contracts, advising on multi-jurisdictional regulatory compliance and strategy for token-related fundraising. Will is an engaging and informative speaker on blockchain and has worked with the Law Commission’s Digital Asset and Smart Contract team on a number of key projects.

    Jay Smith

    Legal Engineer at Stephenson Law

    Jay advises on legaltech, operations and blockchain at Stephenson Law, a key challenger in the legal industry, with a forward-thinking approach of how law firms should operate and embrace new technologies. Jay’s expertise and consultancy fuses design and tech with an expert understanding of law.

    Andy Gray

    Co-founder of KnownOrigin Labs and BlockRocket.tech

    Founder, Blockchain Manchester

    Andy builds blockchain products and solutions, developing decentralised applications (Dapps) with Solidity smart contracts and Web 3.0 tech, and with over 20 years commercial experience developing enterprise IT systems. Andy’s recent projects include the creation of a tokenised customer loyalty platform and experiments with crypto-collectibles for BrewDog and KnownOrigin.io, a digital art marketplace. Andy will speak about crypto-collectibles, blockchain art and proof of provenance.

    The following questions were answered:

    – Can you explain what blockchain is all about in three sentences? 9.16

    – The primary value of blockchain is the fact it’s so secure. However, there must be potential breaches in blockchain, can you describe how potential breaches are dealt with? 10.56

    – What do you see as the most interesting and evolving trends in distributed ledger technology? 16.53

    – Fungible, non fungible… what does it mean? 21.59

    – Some people say that the blockchain revolution hasn’t happened yet, and most of the existing blockchain applications can be achieved through normal cloud based applications. What do you say to that? 23.59

    – What does the internet of things mean? 29.58

    – Could you give us examples of existing blockchain projects, including some you’ve worked on? 32.10

    – Who do I go to to design a system in regards blockchain? 36.14

    – Adoption of technology often lags the creation of the technology. Legal regulation can often lag behind that! One of the challenges for blockchain is that it will be dotted all over the world, which brings into question legal jurisdictions. What are your thoughts on the regulation of blockchain and how that can be done practically? 41.16

    – Can you explain what mining is? Why does it use so much electricity, and why does it pose a risk to climate change? 45.35

    – Can you explain the practical differences and challenges proposed by proof of work versus proof of stake? 49.48

    – When governments start accepting crypto as payment for taxes, that will be a tipping. How close do you think we are to this? 51.27

    – How do see the system being regulated, or do you think it will it regulate itself? 58.55

    –  Can the regulation keep up with the technology? 1.01.31

  • AN INTRODUCTION TO BLOCKCHAIN AND CRYPTO ASSETS [VIDEO]

    AN INTRODUCTION TO BLOCKCHAIN AND CRYPTO ASSETS [VIDEO]

    WiredBrief are excited to bring to you an exciting event hosted by Legal Hackers MCR, which looks at Blockchain and its applications to the real world.

    About this Event

    Have you ever wondered how Blockchain could transform the world and how companies are using its transformative power to bring about social change?

    The consequences of the recent COVID-19 pandemic have allowed Blockchain to quickly rise in prominence over the past year to become one of the most prolific technologies on the market in 2021, but little is still known about it.

    Blockchain technology however, has the power to transform millions of our lives for the better but until recently, it has only been a buzz-word and the subject of market speculation. Recent disruptions to our status quo however, have forced difficult questions of not just how we could begin rebuilding our society and financial institutions, but which tools we could start using to do this.

    Join Legal Hackers MCR

    Join Legal Hackers MCR on the 4th of February as they introduce Will Foulkes, Head of Blockchain at Stephenson Law, who will be bringing you closer to the exciting world of Blockchain.

    During his talk he will help demystify key aspects of the disruptive technology, including its uses and applications and he will also be available to take some of your questions at the end.

    If you enjoy this event and want to take an even further deep dive, we’ll also be hosting an exciting panel event on the 18th of February. This will include a number of leading specialists from the area, who will be able to give you even more insight and also answer some of your more probing questions. Stay tuned!

    What will be covered:

    1. HOW BLOCKCHAIN WORKS

    2. WHY BLOCKCHAIN HAS THE CAPACITY TO MASSIVELY DISRUPT INDUSTRY

    3. INSIGHT INTO SOME LEADING PROJECTS AND PRODUCTS IN THIS SPACE

    Keynote Speaker:

    Will Foulkes – Head of Blockchain at Stephenson Law

    LinkedIn

    Host:

    Xuening Qu – Legal Technologist at DWF

    Co – Host:

    Lisa McCLory – Legal Knowledge Director at Fractal Legal

    For more events like this visit Legal Hackers MCR on:

    LinkedIn

    Twitter

    Website

  • DOES YOUR AI PASS THE EUROPEAN COMMISSION RISK-ASSESSMENT FRAMEWORK?

    DOES YOUR AI PASS THE EUROPEAN COMMISSION RISK-ASSESSMENT FRAMEWORK?

    THE EUROPEAN COMMISSION RISK-ASSESSMENT – SAFEGUARDING KEY HUMAN RIGHTS AND FREEDOMS.

    The European commission has delivered a new framework for trustworthy Artificial Intelligence (AI) that can be accessed online. The new Risk-Assessment Framework importantly puts a practical spin on the Commissions earlier previously published guidelines . This brief covers the main aspects of the European Commission’s framework, outlining its key features whilst also bringing in some analysis from recent developments.

    In developing the new Risk-Assessment Framework, the European Commission have emphasised the importance of observing an AI’s overall impact on core human rights. The main elements of the Risk-Assessment framework explores this further by covering core rights, such as those relating to non-discrimination, protection of personal data and freedom of expression.

    The main areas covered by the new Risk-Assessment framework include:

    (A) Human Agency and oversight
    (B) Technical Robustness and Safety
    (C) Privacy and Data Governance
    (D) Transparency
    (E) Diversity
    (F) Societal and Environmental well being

    (G) Accountability

    EXAMINING THE EUROPEAN COMMISSION FRAMEWORK

    (B) Human Agency and oversight

    This part of the Risk-Assessment Framework covers whether the system might create over-reliance in users, or illegitimately manipulate users’ behaviour. Whilst AI won’t be capable of making ‘human’ errors, it will however still be fallible to both manufacturing and design errors, as well as ‘machine errors’, fuelled by the algorithmic system itself. This presents clear problems in areas where AI, might be used to substitute human agency in its entirety. An example of this being, stage 5-6 of self-driving cars, where the AI algorithm is said to have complete control without driver interference (for more information see SAEs 5 Stages of Automation and our previous post on self-driving car fundamentals).

    (A) Technical Robustness and Safety

    This covers the subject of security, including resilience to cyber-attacks, general safety as well as the potentially devastating effects of inaccuracy and unreliability.

    (C) Privacy and Data Governance

    This aspect questions the impact of the AI system on the rights to privacy, the right to physical, mental or moral integrity and the right to data protection, and what mechanisms are in place to minimise potential harm and deal with concerns. 

    (C) Transparency

    This covers the traceability of decisions and how, why and where data has been used. An issue with this aspect arises when looking at self-driving car “Black-boxes”, which generate specialist outputs or decisions that cannot readily be explained to users.

    (D) Diversity, Non-discrimination and fairness (AI ETHICS)

    This part of the Risk-Assessment Framework is particularly concerned with the AI designers of today, who have been spearheading recent developments. Recent events have highlighted the importance of avoiding discrimination of all forms more than ever and even more so in the context of algorithmic bias. This was recently highlighted in a recent Ted talk by the president of the Law Society ‘The Future is Biased’ , Christina Blacklwas.

    AI systems should avoid unfair bias and its important that designers not only have a diverse end user in mind, but as an employment group, are also adequately represented by a diverse class of people. Ultimately, the end system should be fair regardless of age, gender, race or other characteristics.

    (E) Societal and Environmental well being

    Naturally, as with the development of any new complex system designed to help humanity, any potential and actual adverse impacts to society and the environment should be limited, as far as possible. More-so, as we are so inextricably linked to both. Whilst its true, that initially adoption of AI in many instances has the potential to impact large areas of employment, leading to job-losses as a result of large-scale automation. This is a foreseeable result that should be accounted for in governmental contingency plans with ready measures to counter any negative effects. Ultimately and most importantly, the overall benefits to society, should outweigh any negative impact predicted to arise.

    (F) Accountability

    Last, but most importantly, its going to be crucial that any AI system developed going forwards has a system of accountability for when unjust or unfair outcomes do occur. This should also ensure an adequate system of redress. In the UK for example, this can thankfully be seen with the ‘Automated and Electric Vehicles Act 2018’ which provides the system of redress for self-driving cars under a single insurance scheme. For more details, see Driverless cars Insurance laws receive Royal assent

    Conclusion

    Now that we have a checklist and Risk-Assessment framework put in place for assessing the suitability of present and future AI systems, what remains to be seen is how developers and employers of AI systems will choose to implement its philosophy going forwards. Nonetheless, it’s certain that the principles are a great first step that works towards helping end users benefit from AI equally, without being exposed to unnecessary risk.

    Stay tuned for more great content


    Continue exploring

    This article reflects an earlier stage of Europe’s AI governance debate. Compare those ideas with today’s questions about delegated authority in our Autonomy and AI research hub, and investigate decision authority in the interactive Autonomy Atlas.