PwC: Blockchain technologies could boost the global economy US$1.76 trillion by 2030 through raising levels of tracking, tracing and trust

LONDON, Oct. 13, 2020 /PRNewswire/ — New analysis by PwC shows Blockchain technology has the potential to boost global gross domestic product (GDP) by US$1.76 trillion over the next decade.  

 

 

That is the key finding of a new PwC report Time for trust: The trillion-dollar reason to rethink blockchain,  assessing how the technology is being currently used and exploring the impact blockchain could have on the global economy. Through analysis of the top five uses of blockchain, ranked by their potential to generate economic value, the report gauges the technology’s potential to create value across industry, from healthcare, government and public services, to manufacturing, finance, logistics and retail.

“Blockchain technology has long been associated with cryptocurrencies such as Bitcoin, but there is so much more that it has to offer, particularly in how public and private organisations secure, share and use data,” comments Steve Davies, Global Leader,

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Global watchdog proposes tax overhaul for Big Tech

LONDON (AP) — A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay their dues, and warned that failure to adopt it would make the economic recovery from COVID-19 harder.

The Paris-based Organization for Economic Cooperation and Development, which advises the world’s top economies, will be presented to Group of 20 finance ministers meeting this week and could be implemented by mid-2021 if an agreement is reached. The group estimated the measures could raise an extra $100 billion in corporate tax revenues annually.

The OECD has been trying to find a compromise among more than 135 countries on digital taxes, spurred by longstanding demands from France and other European Union nations for U.S. digital giants like Amazon and Google to pay their fair share. The U.S., however, has resisted.

France’s plan for its own tax on digital business has angered

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Global Cloud Gaming Market will Showcase Positive Impact During 2020-2024 | Cost Savings and Quick Onboarding to Boost Market Growth

Technavio has been monitoring the global cloud gaming market size and it is poised to grow by USD 2.75 billion during 2020-2024, progressing at a CAGR of over 29% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005525/en/

Technavio has announced its latest market research report titled Global Cloud Gaming Market 2020-2024 (Graphic: Business Wire)

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download Latest Free Sample Report on COVID-19 Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Apple Inc., International Business Machines Corp., LiquidSky Software Inc., Microsoft Corp., NVIDIA Corp., PLAYGIGA SL, Samsung Electronics Co. Ltd., Sony Corp., and

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Microsoft attempts takedown of global criminal botnet

Microsoft announced legal action Monday seeking to disrupt a major cybercrime digital network that uses more than 1 million zombie computers to loot bank accounts and spread ransomware, which experts consider a major threat to the U.S. presidential election.

The operation to knock offline command-and-control servers for a global botnet that uses an infrastructure known as Trickbot to infect computers with malware was initiated with a court order Microsoft obtained in Virginia federal court on Oct. 6. Microsoft argued that the crime network is abusing its trademark.

“It is very hard to tell how effective it will be but we are confident it will have a very long-lasting effect,” said Jean-Ian Boutin, head of threat research at ESET, one of several cybersecurity firms that partnered with Microsoft to map the command-and-control servers. “We’re sure that they are going to notice and it will be hard for them to get back

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Welcome to Silicon Allee: the new global tech hubs

Tech titans are attracting the world’s brightest talent, creating a concentration of wealth and investment in new city hubs. So much so that buyers intending to purchase a property over the next few years would be wise to invest in a place where one of the neighbours is an internet superstar. Or studying to become one. Research carried out by international estate agents Savills suggests that prices in its 30-strong list of “tech cities” will rise nearly twice as rapidly as those in their global counterparts.

Some tech cities, of course, have fared better than others, and Singapore has been one of the world’s clear winners. With its high quality of life and reputable universities – Nanyang Technological University and the National University of Singapore stand sixth and eighth respectively in the QS World University Rankings for engineering and technology – it remains very popular with investors looking for the

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Could Global Hiring Be The Future?

CEO at Terminal, a startup changing the way high-growth tech companies hire and retain tech talent.

In the past, when companies needed to hire new employees to fill important jobs, it usually required the physical relocation of talent. Immigration was always considered a way for growing companies to bring new labor or talent into a country, but it also required a lot of paperwork and process.

President George H.W. Bush signed the Immigration Act of 1990 to create the H-1B program to help American companies overcome labor shortages in growing fields that demanded specialized skills, such as research, engineering and computer programming. In nearly three decades of existence, the best and brightest around the world have contributed to American companies with significant impact; however, due to increased barriers and employee freedom, only 2 of every 100 jobs are filled by the H-1B program.

Our recent

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Apple to Outperform Global Smartphone Market in 2020; iPhone Refresh to See Significant Upgrade Cycle in Q4

Commenting on Apple sales in 2020, Research Director Tom Kang said, “Apple has done a great job outperforming the global smartphone market. During the COVID-19 low point in Q2 2020, Apple was helped by the timely launch of the iPhone SE, which created a new, low price point for iPhones at $399. It helped Apple get through the worst months of COVID-19 and its lockdown periods. In addition, the iPhone 11 has proved to have great longevity, still selling over one million devices per week on the brink of a refresh. The SE and iPhone 11 helped maintain momentum through Q3 as the general market remained negative.”

The iPhone 7 and iPhone 11 family launches saw large upgrades. The iPhone 8 and XR families saw lower upgrade levels as holding periods grew through these launch cycles. The iPhone 11 family opening sales for September-December 2019 saw their first

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Global Electric Vehicle Motor Market (2020 to 2024) – Technology Landscape, Trends and Opportunities – Press Release

Dublin, Oct. 12, 2020 (GLOBE NEWSWIRE) — The “Technology Landscape, Trends and Opportunities in the Global Electric Vehicle Motor Market” report has been added to ResearchAndMarkets.com’s offering.

The technologies in electric vehicle motor have undergone significant change in recent years, with brushed DC motors to brushless DC motors. The rising wave of new technologies, such as torque accuracy, and robust limp-homes are creating significant potential for electric vehicle motor in various vehicle platforms due to their reversibility, and reduction in noise pollution properties.

In this market, various technologies, such as weakening control, torque accuracy, and robust limp-home are used in the battery electric vehicle, hybrid electric vehicle, and plug in hybrid electric vehicle applications. Increasing demand for improving the driving range of electric vehicles, and stringent government regulations regarding vehicular emission are creating new opportunities for various electric vehicle motor technologies.

This report analyzes technology maturity, degree of disruption, competitive

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Following tough year, the global 5G smartphone market predicted to see significant growth

The global 5G smartphone market saw a ‘steep reduction’ in demand during the first two quarters of 2020

A new study concludes that the global 5G smartphone market size is expected to grow at a compound annual growth rate of 122.7% from 2020 to 2027. While the market of next-gen smartphones reached 12.42 million units in 2019, the first two quarters of 2020 saw a “steep reduction” in demand, according to the study from Polaris Market Research.

However, the global 5G smartphone market is expected to rebound starting in the Q3 and Q4 of 2020 and should maintain its momentum during the forecast period. This return to growth is considered to be the result of the market’s increasing ability to provide high-speed internet connectivity and coverage as well as the ability of 5G phones to provide improved reliability in comparison to 4G-based smartphones.

Further, new 5G product launches, particularly in

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Scientists develop new land surface model to monitor global river water environment

yangtze river
Credit: CC0 Public Domain

Climate change and human activities, including heat emission, nitrogen (N) emission and water management, are altering the hydrothermal condition and N transport in the soil and river systems, thereby affecting the global nitrogen cycle and water environment.


“We need to assess the impacts of these human activities on global river temperature and riverine N transport,” said Prof. Xie Zhenghui from the Institute of Atmospheric Physics of the Chinese Academy of Sciences. “Quantitative assessment can not only improve our understanding of the material and energy cycle that occur in response to anthropogenic disturbances, but also contribute to protecting river ecosystems.”

Xie and his collaborators from the Chinese Academy of Sciences incorporated the schemes of riverine dissolved inorganic nitrogen (DIN) transport, river water temperature, and human activity into a land surface model, and thus developed a land surface model CAS-LSM. They applied the model to explore the impacts

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