The digital court could open up commercial opportunities to those who cannot access traditional legal services. Image CC-0.
In a move to save time, money and effort, economics researchers utilized existing blockchain methodologies to create what they call a digital court. This would provide enforcement of contracts wherever a traditional legal court would currently settle disputes. Examples of areas which could make use of this would be auctions, business contracts and sales. As it is based on existing technology, it could be implemented right now.
Blockchain technology has great potential to impact many areas of life, commerce in particular. Put simply it is a way to ensure that information can be recorded in such a way that it cannot be manipulated afterwards. Blockchain is what is known as a distributed ledger, that is, there is no central authority, it is peer-to-peer, and its most famous application at this time is the online currency bitcoin. However, people find other uses for it.
Dr. Derek Yach, Founder, President, and Board Member of The Foundation for a Smoke-Free World (FSFW), joined me on ideaXme (http://radioideaxme.com/) to discuss his group’s work in the core areas of Agriculture and Livelihoods, Industry Transformation, and Health, Science, and Technology (Disclosure — FSFW is funded ~$US1 Billion by Philip Morris International, but take a listen to full story…) — #Ideaxme #Smoking #Vaping #Tobacco #Cessation #AlternativeUses #HarmReduction #WHO #CDC #Health #Wellness #Longevity #Biotechnology #LifeExtension #Aging #IraPastor #Bioquark #Regenerage World Health Organization (WHO) CDC CDC Global United Nations Philip Morris International.
Ira Pastor, ideaXme life sciences ambassador and founder of Bioquark, interviews Dr. Derek Yach, founder, president, and board member of The Foundation for a Smoke-Free World, and passionate advocate for health promotion and disease prevention. Dr Yach’s objective is to end smoking in this generation. We investigated to see how that might be achieved.
Disclosure: The Foundation for a Smoke-Free World has received its initial funding pledge of $80 million USD annually for 12 years, beginning in 2018 from Philip Morris International (PMI) — The Foundation has a nonprofit status as a US 501c3 organization, and by law and policy must operate completely independently from PMI, and cannot engage in activities designed to support PMI’s interests. Further, PMI can have no involvement or say in their work.
Ira Pastor Comments:
The World Health Organization (WHO) estimates that we currently have over 1.1 billion smokers on earth, and that tobacco kills more than 8 million people each year. More than 7 million of those deaths are the result of direct tobacco use while around 1.2 million are the result of non-smokers being exposed to second-hand smoke.
The U.S. Centers for Disease Control (CDC) say that cigarette smoking is responsible for more than 480,000 deaths per year in the United States, including more than 41,000 deaths resulting from secondhand smoke exposure. This is about one in five deaths annually, or 1,300 deaths every day.
Smoking leads to disease and disability and harms nearly every organ of the body. More than 16 million Americans are living with a disease caused by smoking including cancer, heart disease, stroke, lung diseases, diabetes, and chronic obstructive pulmonary disease (COPD), which includes emphysema and chronic bronchitis, as well as increasing risk for tuberculosis, certain eye diseases, auto- immune disorders including rheumatoid arthritis, and erectile dysfunction in males.
Total economic cost of smoking in the U.S. alone is more than $300 billion a year, including nearly $170 billion in direct medical care for adults and more than $156 billion in lost productivity due to premature death and exposure to secondhand smoke.
Quantum computers will revolutionize information technology, ushering in an era where certain types of calculations will be performed with almost unimaginable speed. Practical applications will include healthcare disciplines such as molecular biology and drug discovery; big data mining; financial services such as portfolio analysis and fraud detection; and artificial intelligence and machine learning.
The federal government is helping to create an environment in which quantum computing innovation and experimentation can flourish. The National Quantum Initiative Act puts $1.2 billion into the quantum research budgets of the Energy Department, the National Institute of Standards and Technology, NASA and the National Science Foundation. The law also outlines a 10-year plan to accelerate the development of quantum information science and technology applications.
Meanwhile, The White House’s Office of Science and Technology Policy is working to ensure that economic growth opportunities and opportunities for improving the world are baked into quantum policies and systems.
Another important question is the extent to which continued increases in computational capacity are economically viable. The Stanford Index reports a 300,000-fold increase in capacity since 2012. But in the same month that the Report was issued, Jerome Pesenti, Facebook’s AI head, warned that “The rate of progress is not sustainable…If you look at top experiments, each year the cost is going up 10-fold. Right now, an experiment might be in seven figures but it’s not going to go to nine or 10 figures, it’s not possible, nobody can afford that.”
AI has feasted on low-hanging fruit, like search engines and board games. Now comes the hard part — distinguishing causal relationships from coincidences, making high-level decisions in the face of unfamiliar ambiguity, and matching the wisdom and commonsense that humans acquire by living in the real world. These are the capabilities that are needed in complex applications such as driverless vehicles, health care, accounting, law, and engineering.
Despite the hype, AI has had very little measurable effect on the economy. Yes, people spend a lot of time on social media and playing ultra-realistic video games. But does that boost or diminish productivity? Technology in general and AI in particular are supposed to be creating a new New Economy, where algorithms and robots do all our work for us, increasing productivity by unheard-of amounts. The reality has been the opposite. For decades, U.S. productivity grew by about 3% a year. Then, after 1970, it slowed to 1.5% a year, then 1%, now about 0.5%. Perhaps we are spending too much time on our smartphones.
