LUCA Artificial Intelligence in the Industrial Sector: the success story of Repsol Although technological advances have been left behind in recent years, the industrial sector presents opportunities for developpment in the field of Big Data and Artificial Intelligence, and also in...
Richard Benjamins Towards a new Big Data ecosystem to mitigate Climate Change Big Data can be used to help fight Climate Change [1],[2],[3]. Several projects have analysed huge amounts of satellite, weather and climate data to come up with ways to...
LUCA 5th Annual CDO Forum in London will see Chema Alonso take to the stage The role of the CDO in today’s business environment has been further cemented by the creation of events like the CDO Forum. This event gives a platform for the...
LUCA Deep Learning vs Atari: train your AI to dominate classic videogames (Part II) Written by Enrique Blanco (CDO Researcher) and Fran Ramírez (Security Researcher at Eleven Paths) In this article, the second about our experiment using Reinforcement Learning (RL) and Deep Learning in...
LUCA Success Story: pioneering project for economic and social development In a previous article we talked about how important it is to undertake a cultural transformation, that is, of individuals, whilst a company or sector undertakes a digital transformation...
LUCA Improving intent to purchase with mobile advertising: Success Story of Milpa Real The Kantar Millward study demonstrates the effectiveness of the Mobile Advertising platform Data Rewards. The objective of the Brand Lift study is to measure the effectiveness of an advertising campaign,...
LUCA Understanding clients of La Vaguada shopping center Understanding the profile of clients, and their wants and needs, is vital for any brand. Companies that know what their target audience wants will be able to reach their...
LUCA Can Big Data reshape the Outdoor Media sector? Out-of-home (OOH) adspend in the UK rose to £1 billion 2014, and is predicted to grow by 4.8% in 2016 according to a recent report. To ensure they benefit...
What are Blockchain and Smart Contracts?Diego Martín Moreno 4 March, 2019 Blockchain is the new technology for the treatment of data that everyone speaks about, but what is blockchain? Blockchain is a chain of blocks in which we have stored information, and where to connect the blocks, we use a hash (the hash is an output of a fixed size, which normally works through a text string and gives the same result with the same input, in ethereum is generated with the function KECCAK-256) that we generate and that allows us to connect them to each other. In this way if someone wanted to maliciously modify a block, they should modify the entire text string from that point, with a computational cost so high that prevents any attack. Therefore blockchain serves to store information, which cannot be manipulated and does not need to be validated by a central entity, if not by the network members themselves. Blockchain diagram. Source (Bitcoin: A Peer-to-Peer Electronic Cash System) Before we continue, it’s interesting to talk a little about the history of blockchain to understand where we stand. Blockchain has several important milestones in its history: In 1991 Stuart Haber and W. Scott Stornetta publish the first document about the blockchain concept (How to time-stamp a digital document). Satoshi Nakamoto in 2008 publishes his Bitcoin document that comes out in October of that year. “Bitcoin: A Peer-to-Peer Electronic Cash System” And in 2009 version 0.1 of Bitcoin is published in Sourceforge. As we can see, conceptually blockchain comes from the 90s, but the first implementation has less than 10 years. On the other hand we have the Smart Contract, which is the second element that has given all the potential to blockchain. But what is a smart contract? A Smart Contract, a name used used by Nick Szabo for the first time in 1996 through the publication of his article ‘Smart Contracts: Building Blocks for Digital Markets’, is a computer program, which executes an agreement between two parties in a system not controlled by either party. The conjunction of these two technologies, blockchain and smart contract leads us to decentralized applications (Dapp), autonomous applications, not controlled by any entity, and where data and transactions are stored in blockchain. For the Dapp we have three types of applications: Type 1. Dapp with its own blockchain, such as Bitcoin. Like the operating system of our computer. Type 2. Dapp that uses type 1 dapp. With its own protocols and tabs like Omni Protocol, which are general type applications such as Excel. Type 3. Dapp that uses type 2 dapps. It uses type 2 dapps for its operation, like µRaiden. These applications would be like an Excel macro. All this opens a path that did not exist before and allows us to make applications that could not be made before. This blockchain boom allows us to distribute information and ensures that it cannot be unduly modified. In addition, it allows us to autonomously execute contractual conditions between two parties, without the need for arbitration or control from one entity above all others (such as a bank today). What does blockchain offer us for the business models of the future? It opens the way to new ways of integrating business models, facilitating exchanges between different companies or simplifying functional processes, but above all where transactions are executed automatically, in an environment that cannot be manipulated, neither in data nor in contracts, and with traceability of everything that happens. Think of applications for traceability of goods, management of digital assets or simplifying processes between different companies. Don’t miss out on a single post. Subscribe to LUCA Data Speaks. You can also follow us on Twitter, YouTube and LinkedIn Blockchain and IoT predictions for 2019Reinforcement learning…. the new player
LUCA Artificial Intelligence in the Industrial Sector: the success story of Repsol Although technological advances have been left behind in recent years, the industrial sector presents opportunities for developpment in the field of Big Data and Artificial Intelligence, and also in...
Richard Benjamins Towards a new Big Data ecosystem to mitigate Climate Change Big Data can be used to help fight Climate Change [1],[2],[3]. Several projects have analysed huge amounts of satellite, weather and climate data to come up with ways to...
Olivia Brookhouse The Big Data behind Black Friday It is often the products that seem to have “come out of nowhere” that suddenly experience rocket sales and have everyone talking. Whether its health fads such as...
Olivia Brookhouse How to learn Python: the most important skill for employers The application of Artificial Intelligence to optimize Big Data and provide Data Insights is becoming a necessity to all business processes, therefore programmers are in hot demand. Designing effective...
LUCA SMASSA Success Story: Intelligent Parking Services Today we bring another success story from the public sector: the example of SMASSA, the Sociedad Municipal de Aparcamientos (Municipal Parking Company) whose mission is to solve the parking...
Olivia Brookhouse Big Data, the fuel for Digital Banks In 1981, Bill Gates said “640KB will be enough for anybody”. Surpisingly, it was hard even then, to imagine where we would be today; in a sea of data....