Category Archives: Uncategorized

Why and how we are using blockchain for Finance 4.0
Blockchain technology: What is it all about? There is a wealth of reporting that tries to explain blockchain in simple, easy-to-understand terms. Some of the benefits of blockchain technology? It increases speed for certain transactions, it's resistant to censorship, it improves data accuracy, and it's transparent. Some of the trickier things involve scalability and regulation, and…
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The world’s largest academic blockchain hackathon just took place (and it was really fun)
Last week the next generation of minds in the world of blockchain & IoT technologies came together at ETH Zurich to attend the 2nd BIOTS. The week was jam-packed with hands-on coding classes, theoretical talks, a party, a hackathon, and, of course, lots of coffee (as well as tasty iced tea from Vivitz and organic…
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About FuturICT 2.0

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Large scale experiments and simulations for the second generation of FuturICT

FuturICT 2.0 is an international European Project funded under the FLAG-ERA Joint Transnational Call (JTC) 2016. It started in February 2017 and will have a duration of three years.

THE CHALLENGE

To manage scarce resources and support endangered people and communities, powerful global information systems need to be built, based on big data and artificial intelligence.

Digitization implies a massive structural change in the global economy, which will cause significant levels of unemployment unless economic systems are reformed. The potential misuse of Big Data and AI technologies cannot be ignored as it might generate a creeping authoritarianism and gradual erosion of the privacy rights and civil liberties of individuals. We need to make significant progress towards understanding and managing complex, global, interactive systems.

OUR GOAL

FuturICT 2.0 will bring together a large array of the best academic minds in fields such as social science, complexity science and computational science.

With jointly-supervised research projects, traditional workshops, exchanges, and meetings, the project will bring together the latest, bleeding-edge knowledge in areas such as big data, artificial intelligence, agent-based simulation, the Internet of Things, blockchain technology, and complexity science. This interdisciplinary approach will lay the theoretical and organizational foundations for the digital economy of the future.

HOW WE PURSUE IT

FuturICT 2.0 will promote disruptive innovation to tackle the main challenges of modern society towards a more resilient and adaptive society. We will harness emerging knowledge in order to address urgent global challenges. How?

  • Using disruptive innovation to tackle existential threats such as resource shortages, climate change, economic dislocation and technology-driven unemployment
  • Developing a new, nuanced and multifaceted financial incentive system to promote a circular, sharing economy and achieve social goals collaboratively
  • Adopting a decentralized and collaborative approach, involving methods such community-based decision-making, crowdsourcing and citizen science, to adapt to social needs and address unforeseen societal challenges

Smart technology + smart citizens = the economy of the future

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Summary of the project
The world faces existential threats as the financial crisis of 2007-2009 and its consequences still endanger the stability of economy in Europe and worldwide. Resource shortages are impending. Use of fossil fuels and raw materials has more than tripled in the last 40 years. Climate change may wipe out one sixth of all species. Terror,…
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