Debunqed

Month: November 2018

  • A digital address for everything

    A digital address for everything

    The ‘Internet of Things’ (IoT) as the name suggests is basically connecting as many devices online for them to communicate with each other.

    If you think that is a far-fetched concept it is nothing new. We have been using it since the advent of GSM, Infrared, GPS, GPRS, Bluetooth, Wi-Fi, and other wireless connections.

    To put the concept into further context, your Smartphone/watch, Bluetooth headset, wireless printer, or smart fridge are all components of the ‘Internet of Things’. They all require a sensor or chip to connect or collaborate with each other.

    Origins

    The term was supposedly coined about a decade ago. This when a company executive discussed an idea which sounded bizarrely unnecessary and over-futuristic at the time.

    He advocated for the need for a chip for every electronic device. The initially requirement was for supply chain and automation in the retail industry.

    Fast forward to today, and this has indeed come to fruition. We now have smart cars, smart homes and even tracking chips inserted into pets!

    So, each component or part of the object is equipped with an individual chip (small processor) with a unique IP address.

    The very same IP address used to identify your home modem or Office server.

    IoT application

    Why would you want that you might ask? Wouldn’t it be useful for devices and machines to work things out by themselves – to solve complex problems before you even become aware of them?

    This is in fact how the devices communicate with the central server to relate pertinent information.  An example is the use of fuzzy logic: to regulate the temperature in the fridge (to avoid food getting moldy).

    It can be used, in addition, to check the amount of water used in a washing cycle in your washing machine. 

    Another practical use would be to check car tyres pressure and temperature (to avoid overheating and bursting).

    Can you then imagine the number of chips that are required for the typical household?  For the car, security alarm, fridge, microwave, tumble dryer, TVs, Radios, computers/tablets, lighting, and heating/cooling system? Each would require a unique IP address

    IP address shortage

    Talks about IoT highlighted the need for more IP addresses and a need to track or generate them. This as it is evident we are running out of ‘normal’ IP addresses known as IP4: 4 denotes the number of billion IP addresses available.

    At the birth of the Internet age in the 1980s, no one ever envisioned a time when the world would need more than four million IP addresses. But with the need as mentioned above for the internet of things – that has come to pass.

    Without getting too technical, the issue is being resolved with the development of a newer IP system known as the IP6.

    The main difference between the two but it is merely that one is on 32-bit system while the newer on 128-bit and that influences merely the length of the addresses.

    Again, the technicalities would only matter to the now growing IoT industry and would not affect us as individuals.

    Practical uses of IOT

    Large companies that need to manufacture a lot of parts for their devices would need to insert an IP address on each piece. From items as trivial as the car side-mirror; to more serious parts like the helmet of a sportsperson engaging in the heavy contact sport.

    From an education perspective, the IoT can make learning a lot more fun for kids and young adults. Toy-maker Sphero, for example, has been long making wireless operated toys like its SPRK+(pictured).

    The idea is to fuse physical (programmable) robotic toys with digital apps.

    This would simultaneously provide entertainment experiences while inspiring tomorrow’s leaders in maths, engineering, and science.

    There are discussions to extend this connectedness to human beings. Much like was prophesied in many sci-fi books and George Orwell’s 1984. If there was a ‘rise of the machines’, and Artificial Intelligence was to take over the control of all our devices, we would not stand a chance!

    There are also a few new decentralized systems that are even advocating for a fragmented Internet for that very reason (security and privacy). This would enable you to control your little space within the “interconnected” web.

    You can thus run a (private) local area network (LAN) within the Internet domain – if that makes any sense.

    Blockchain advocates and companies like IOTA and Chinese-based Crypto-firm Tron are pushing the IoT narrative hard. They also want the decentralization of the whole Internet.

    It is only a matter of time before this becomes the norm. Companies are now queuing to get the IP6s and have incorporated adding them to the manufacturing processes.

    Once the security and privacy issues have been adequately planned and implemented. The pros of the full adoption of IoT will outweigh the cons.

  • 3D Copy and Paste!

    3D Copy and Paste!

    The bizarre-sounding digital printing phenomena called 3D-Printing has been mulling around from the past.  Recently,  has been in the limelight; specifically in the press for the wrong reasons.

    Read about the new craze and get ideas for Xmas via 3D Copy and Paste!

  • 3D Copy and Print

    3D Copy and Print

    The bizarre-sounding copying phenomena called 3D-printing have been mulling around from the past.  Recently, it has been in the limelight; specifically in the press for the wrong reasons.

    In 2013, a University of Texas law student, Cody Wilson created a blueprint for a single-shot 3D-printed handgun, named ‘The Liberator’.


    However, guns have posed a serious threat to peaceful living when in the wrong hands. But what if you could hastily manufacture them unsupervised,  from the comfort of your home?


    His company Defense Distributed, had been distributing downloadable weapons plans for free. This would be great if it was planned to enable you to build something more useful to society.


    The point is, with this new device, you can literally make a 3D copy of any imaginable object – even your food!


    3D printing builds parts (mostly out of plastic) based on the central concept: using a digital model like your CAD drawing (Computer Assisted Drawing).


    This is then turned into a physical three-dimensional object by adding material a layer at a time. This is where the formal name for 3D printing, Additive Manufacturing arises. They are no bigger than a normal Deskjet or heavy-duty paper printer and are quite a marvel to watch in action.

    3D printing is a fundamentally different way of producing parts compared to traditional subtractive (CNC machining) or formative manufacturing technologies.

    The brands

    Some top 3D printing brands include MakerBot, XYZprinting, Formlabs, and LulzBot. You can pick them up from as little as $200 to $4000.

    These prices naturally depend on your end product size, material, complexity, and level of detail you need.

    The most expensive one, if you are into heavy-duty manufacturing would set you back a cool $2,500,000. That is the price tag for Imprimere’s Model 2156.

    Some of the advantages of using 3D printers include:

    • Speed: You can upload complex designs from a CAD model and print in a matter of hours.
    • You have more design freedom. It gives you complete customization of designs.
    • It is more eco-friendly: Additive manufacturing methods use only the material you need to build a component. You can recycle and re-use the raw materials.
    • Costs: Compared to traditional manufacturing, the labour costs for a 3D printer are almost zero.
    visual§DPrinting
    Image source: 3DHubs

    Application in the world

    Since its uptake in as far back as 2010, a lot of the products we use are manufactured using 3D printing.  You will find its application mostly in the medical and dental industry and used for custom prosthetics, implants, and dental aids.


    They are used to manufacture high-level sporting gear that is tailored to fit you perfectly. Naturally, you can also ‘print’ your own customized fashion accessories. This would give you more flexibility when it comes to your specific style, colour, and material.

    For a more comprehensive comparison of 3D Printers available to you, look at the 3D Printing index on the resources page.

    Here is a list of cool things you can create with a 3D printer. If you are looking for great ideas for Xmas or birthdays – this might just be it!

  • 3D Copy and Paste!

    3D Copy and Paste!

    The bizarre-sounding digital printing phenomena called 3D-Printing has been mulling around from the past.  Recently,  has been in the limelight; specifically in the press for the wrong reasons. In 2013, a University of Texas law student, Cody Wilson created a blueprint for a single-shot 3D-printed handgun, named “The Liberator”.

    Of recent, guns have posed a serious threat to peaceful living when in the wrong hands. But what if anyone could hastily manufacture them unsupervised,  from the comfort of their homes?

    Defense Distributed, Wilson’s company had been distributing downloadable weapons plans for free. This would be great if it was planned for building something useful for engineering and something practical rather than destructive. Point is, with this new device, you can literally make a 3D copy of any imaginable object –  even food!

    3D printing builds parts (mostly out of plastic or other synthetics) based on the central concept: a digital model e.g. a CAD drawing (Computer Assisted Drawing) This is turned into a physical three-dimensional object by adding material a layer at a time. This is where the formal name for 3D printing, Additive Manufacturing comes from.  The actual printing device is no bigger than a normal Deskjet or heavy duty paper printer and is quite a marvel to watch in action.

    3D printing is a fundamentally different way of producing parts compared to traditional subtractive (CNC machining) or formative (Injection moulding) manufacturing technologies.

    Some of the top 3D printing brands include MakerBot, XYZprinting, Formlabs and LulzBot and are priced from as little as $200 to $4000 (for high-end small business-level) depending on the product size, material, complexity and level of detail required. The most expensive if you are into heavy-duty manufacturing would, therefore, set you back a cool $2,500,000  for the Imprimere’s Model 2156.

     

    N26_banner-320x50-ENSince its uptake in as far back as 2010, you will now discover that a lot of the products already in use are manufactured via 3D printing.  It is prevalent in the medical and dental industry and used for custom prosthetics, implants, and dental aids.

    They are also used in the manufacture of high-level sporting gear that can be tailored to fit athletes perfectly. There is then, of course, the ability to ‘print’ fashion accessories which generally, would be designed to fit your specific style, colour and fabric/material.

    Some of the advantages of using these machines include:

    • Speed: The ability to upload complex designs from a CAD model and print in a matter of hours.
    • It facilitates more design freedom; it also allows complete customization of designs.
    • It is more eco-friendly: Additive manufacturing methods use only the material needed to build a part. The raw materials that can be recycled and re-used.
    • Costs: compared to traditional manufacturing, where highly skilled machinists and operators are typically required, the labour costs for a 3D printer are almost zero

     

    visual§DPrinting
    Image source: 3DHubs

    For a more comprehensive comparison of 3DPrinters available depending on what you want to do with one (hopefully not to build weapons), look at the 3D Printing index on our resources page under technology.

    Here is a list of cool things to create with a 3D printer if you are looking for great ideas for Xmas or birthdays – this might just be it!

     

     

  • Digital Fundraising

    Digital Fundraising

    The latest abbreviation in the finance and crypto-world is ‘ICO’. This word, however, gives global financial authorities like the U.S. Securities and Exchange Commission (SEC) nightmares for several reasons.

    250x250

    Not to be confused with Initial Public Offering (IPO) which is used by firms to raise cash through the issuing of shares to the public. An ICO (Initial Coin Offering) works like crowdfunding, but for digital currency and tokens.


    We recently covered a feature on raising funds and capital for a business but missed out on one relatively new method. Many companies are using ICOs to raise capital for their businesses.

    Why ICOs?


    The concept of an ICO works similarly to how a company raises capital through shares in that it is all based on contrived value.


    Funding raising in effect boils down to sales! If your actual product or service has nothing substantial or intrinsic to offer a client base, then it is nothing more than a scam.


    Launching an ICO is quite easy, and to an extent, many tech companies are now catching onto it.

    An ICO is the cryptocurrency space’s rough equivalent to an IPO in the investment world. ICOs act as fundraisers of sorts; a company looking to create a new coin, app, or service launches an ICO.

    Investopedia

    If you still do not believe it is possible, just listen to this testament from someone who did it after unsuccessfully knocking on the doors of conventional funders.


    The alarming spurt rate of ICOs often brings with it a scourge of potential scammers. The SEC and other institutions have to step in to monitor and regulate them.

    Social media platforms like Facebook and Google – which house a bounty of users (potential investors) have banned ICOs ads due to possible prey on unsuspecting investors; exposing them to con artists.

    Basically, the scammers use fancy websites, laden with impressive figures and terminology to con users into buying into their coins or tokens.

    Though the tokens barely even cost a cent, it adds up if they have millions of people buying in.  Once they have reached a certain amount in funding – they close shop and disappear!

    To create a new digital coin:

    Create a product concept or Business Plan for the coin or what is called a Whitepaper. This describes in great detail what the coin or token aims to do; the core technologies behind it; the team and their qualifications; the product’s lifecycle/growth path etc.

    Once completed and water-tight, the whitepaper would be submitted along with an application to one of the best Cryptocurrency Exchanges for review.

    Naturally, you would need some initial working capital for liquidity. Some of this is raised through your savings and others through institutions (via loans etc).

    You must then assure your investors of a solid return on investment (ROI) and deliver – which goes back to sales. Unless your offering is a scam, you actually need to do some work!

    This assurance comes via regular updates (marketing campaigns can have a tremendous or adverse impact on the uptake and price) on milestones reached.

    The updates are also necessary to keep your investors abreast with progress and might convince them to increase funding.

    Growing interest and the addition of more funds create demand for the coin/ token which, in turn, drives up the price and market capitalization.

    Most successful ICOs of all time

    NEO:

    Known as “China’s Ethereum”, and backed by Microsoft, Alibaba and the Chinese government, NEO uses smart contract applications. It does so, however, with the addition of decentralized commerce, digitized assets and identification.
    It enjoyed a considerable hike in token value from $0.03 to $88.20, NEO has big things coming with a 294,000% ROI.

    Ethereum:

    Unlike Bitcoin, the second-most valuable cryptocurrency in the world has more functionality than just being a coin. Its ledger technology is used to build and deploy decentralized applications a.k.a. “smart contract” technology.
    Ethereum’s ROI has been nothing short of jaw-dropping at 230,000%. Having sold its tokens at $0.31, an Ether token now sits at a whopping $713, second in value only to Bitcoin.

    Spectrecoin:

    The “premier privacy-focused cryptocurrency” enables users to send and receive currency worldwide with total anonymity. It is currencies like SpectreCoin that have most government tax offices quaking in their boots.
    If you had repurchased a token in November 2016, that puny $0.001 would be worth $0.64 today, or an ROI of 64,000%.

    Ark:

    With Ark, collaboration is the name of the game. The platform’s SmartBridge is a lightning-fast ecosystem designed to integrate other cryptocurrencies into its blockchain.
    Investors were eager as any to buy in, and they have made a 35,400% gain given today’s token price of $3.54.

    DigixDAO:

    DGD, which stands for Digix Decentralized Autonomous Organization, is a self-governing community. It gives out grants to different projects which will promote the growth of the DGX network.
    At a current value of $346.88 per token, this gives them a return of 10,722%.

    Quantum (QTUM):

    QTUM is an open-source value transfer platform which focuses on mobile decentralized apps or Dapps. QTUM is the world’s first proof-of-stake smart contracts platform.
    They hosted a highly successful ICO in March 2017, and since that time has seen an ROI of 6,400%.

    Source: investinblockchain.com

    In conclusion

    The prospect can be daunting for a cryptocurrency investor looking to make money off new investment opportunities while remaining cushioned from fraudulent ICOs and dodgy coins and tokens.


    As there is no guarantee that any cryptocurrency or blockchain-related start-up will be genuine or successful.

    You simply need to be vigilant and take steps such as getting to know the core team, poring over the whitepaper with a big magnifying glass. Naturally, you should be monitoring the progress of the token sales.


    Most importantly, you must just use common sense to gauge just how feasible the project is to ensure that you’re not falling for a scam.

    Remember, if it’s too good to be true, then it isn’t true!

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