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Alberta IoT Technology Association: The Future of Alberta’s Economy

Alberta IoT Technology Association: The Future of Alberta’s Economy
Technology is advancing at an ever increasing pace and is set to disrupt numerous parts of our society. The 4th industrial revolution has already started and is being powered by the Internet of Things (IoT). The perfect storm of infinitely scalable cloud computing and cheap, energy efficient, yet powerful computing at the edge has led us to a point where every machine will soon be connected to the internet, opening up solutions that only a few years ago we wouldn't have dreamed of. With advancements in complimentary technologies such as machine learning, artificial intelligence, bitcoin [BTC], and 5G wireless, the possibilities are endless. Alberta finds itself in a unique position because of the people we have from a once thriving telecommunications industry, a strong industrial sector driven by oil and gas, universities and colleges that are spinning off bio medical and machine learning/artificial intelligence startups, and support from government at multiple levels to diversify the economy using technology. There is a unique opportunity for Alberta to not only benefit from the rise of IoT technology, but to be the worldwide leader. With this in mind, a number of Alberta companies with a vested interest in IoT technology have come together to form Alberta IoT. Our mission is to position Alberta as the worldwide centre of excellence for the Internet of Things technology. Our objective is to collectively advance IoT Technology, educate the public, work with all levels of government, and increase the visibility of member companies worldwide. Please join us in officially launching Alberta IoT. We have invited dignitaries from all levels of government, numerous organizations, and the general public to come learn about IoT and network with our member companies. There will be presentations from the association, dignitaries, and a keynote presentation from Nav Dhunay, President and CEO of Imaginea. Member companies will be positioned at tables throughout the room displaying their products/services and they will answer your questions about IoT Technology and Alberta IoT. We will also have focused networking areas and a door prize draw just before the conclusion of the event. Each ticket covers your entry to the event, appetizers, and one drink. Join as a member company at www.AlbertaIoT.com and get a discount on event tickets! Agenda 6:00p Cocktail Reception 6:45p Introductory Presentations/Speeches Alberta IoT Overview – Mark Scantlebury, Chairperson, Alberta IoT City of Calgary – TBD Province of Alberta – TBD NRC-IRAP – TBD 7:30p Keynote – The promise of advanced tech and Alberta's advantage – Nav Dhunay, Imaginea AI 8:00p Focused Networking 8:55p Door Prize Draw 9:00p Event Concludes Keynote Speaker – Nav Dhunay Serial entrepreneur and founder of Calgary-based Ambyint Inc. and Imaginea Ai, Nav is one of the leading figures in oil and gas technology innovation and is a serial entrepreneur having attained a hard-won collection of tech startup hits in his history. Most notable amongst his startups is Calgary-based Ambyint Inc. – which delivered leading-edge IoT and Artificial Intelligence to the oil patch and brought self-running oil wells closer to reality. Currently, as the Managing Director of Innovation at ATB Financial, Nav has his sights set on the strategic and disruptive power of Artificial Intelligence, Blockchain and Open Banking as a platform for driving disruptive innovation in the Fintech space. Nav is also the Managing Partner of his Micro-VC investment, Takes Grit. Prior to Ambyint, Nav founded three successful technology startups, including ‘CanFlix’, a technology designed to form the basis of the globally recognized Netflix and ‘NavNet’, a pioneering control and home automation technology, which gives users the ability to control lights, music and thermostats remotely from a mobile device. With an entrepreneurial background founded in Silicon Valley and now at home in Canada, Nav maintains a deep-seated passion for fostering team innovation within his companies where experimentation is encouraged and collaboration made a cornerstone of company success. Sponsored By
starting on 2019-02-26 18:00:00

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NO2X: Next Week’s Hard Fork Has Been “Suspended” Due to a Lack of Consensus

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There will almost certainly be no bitcoin hard fork next week: the main organizers behind the SegWit2x project have “suspended” their efforts.

In an email to the SegWit2x mailing list, one of the main organizers behind the project, BitGo CEO Mike Belshe, explained that the proposed hard fork has not been able to gain sufficient consensus to proceed:

“Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time.”

The New York Agreement was originally forged between a group of bitcoin companies in May of this year. An initiative by Digital Currency Group CEO Barry Silbert, the project — later dubbed “SegWit2x” — was to combine activation of the Segregated Witness soft fork with a hard fork to double bitcoin’s block weight limit. With Segregated Witness activated on the bitcoin network this past summer, arguably helped by the SegWit2x project, the hard fork was scheduled to take place next week.

However, the hard fork part of the New York Agreement was always controversial for a number of reasons. As a result, a growing number of signatories dropped out of the agreement over the past weeks and months, while developers, user communities, public polls, future markets and more all indicated limited support for the effort. And as the hard fork date drew closer, it become increasingly clear that SegWit2x would in fact spawn a new currency rather than constitute an upgrade of the bitcoin protocol.

And this was never the plan, Belshe wrote:

“Continuing on the current path could divide the community and be a setback to bitcoin’s growth. This was never the goal of Segwit2x.”

Belshe’s email was also signed on behalf of Xapo CEO Wences Casares, Bitmain CEO Jihan Wu, Bloq CEO Jeff Garzik, Blockchain CEO Peter Smith and ShapeShift CEO Erik Voorhees. In a separate blog post published just before Belshe’s email, BitPay CEO Stephen Pair also called for cancelation of the hard fork.

While the New York Agreement was signed by even more companies (and some individuals), and anyone can still deploy the hard fork, it is unlikely that anyone will proceed with the hard fork in any meaningful way.

Belshe does, however, note that a hard fork to increase bitcoin’s block weight limit might be needed in the future, writing:

“As fees rise on the blockchain, we believe it will eventually become obvious that on-chain capacity increases are necessary. When that happens, we hope the community will come together and find a solution, possibly with a blocksize increase.”

The post NO2X: Next Week’s Hard Fork Has Been “Suspended” Due to a Lack of Consensus appeared first on Bitcoin Magazine.

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