India Is Preset To Take Charge At Web3, But How?
Data is, very often, remarked as the oil of the present progressive century and rightly so. But the downside is that such oil remains in control of data hubs and is thus owned and managed by some corporate hubs. Tech news updates in India.
But to break away from the tradition, we have Web3 avatar, which is developed on the robust foundation of blockchain technology. Tech news updates in India.
Web3 is synonymous to a change, deeply intrinsic and which is likely to reset the functional framework in many industries and relieving control over data is a minuscule aspect. Tech news updates in India.
Nasscom released a fresh account on Web3.0 startup framework and hailed India’s positioning which is sturdy enough to pull the limelight on the global horizon. Tech news updates in India.
It is predicted that Indian enterprise will rustle out Dapps of the future which stands for Decentralized Apps. Sangeeta Gupta, senior VP and Chief strategy officer at Nasscom is optimistic about country’s performance on the tech level of the world, “India’s rapid adoption of new age technologies, it’s growing start-up ecosystem, and the large scale digitally skilled talent potential are all the right building blocks for India to emerge as a key player in the global Web3 landscape. On the consumption side also, India has the right economic and demographic elements to become a high-growth Web3 market”. Tech news updates in India.
Ms Gupta punctuates the “Techade” that we thrive in today, will open up rapid advances in innovation-led use-cases and result will be trickled down to the grassroot level. Tech news updates in India.
She puts, “Web3 is meant to enable high levels of efficiency and innovation across the value chains. It will take more use cases to be explored to understand and unlock its full potential. This will have to be accomplished with the right sandboxing and risk management frameworks in place”.
Following this up, Sharat Chandra, VP of research & strategy at EarthID, sums up the major factors responsible for India’s emergence as the centerpiece of web development. Tech news updates in India.
He says,”First, a major share of Web3 developers are based out of here. Initially, it used to be the US and UK. But now we have a unique advantage. Not only that, in the next 12-18 months, we will see a rapid growth of Web3 developers in India”. Tech news updates in India.
He also picks up another advantage as, “India is going to take over the G20 presidency soon. So we will have a significant position in terms of shaping the Web3 and digital assets policy for the G20 collective”.
Web 3.0 gathers the whole sheen as it ensures full control over data, which gives place to monetary concerns otherwise and privacy aspect gets little implications on its platter. Tech news updates in India.
Satheesh Kumar Paddolker who founded Kratos Innovation Labs and currently looks after as its CEO, considers that content creators will mint money for their work on platforms like Instagram, in the coming years. Tech news updates in India.
He revealed to the media, “Almost 300-350 million users on Instagram are from India. We contribute so much content in the form of pictures and videos and every fifth picture you scroll up on in the platform triggers an advertisement”. Tech news updates in India.
Ad money advances to social media platforms as of now. Tech news updates in India.
Contributes Mr Paddholkar, “Almost $47.6 billion was earned by Instagram via advertisements and from the content contributed mostly from India.” Tech news updates in India.
But his crew is currently busy patterning a protocol that would be guided by blockchain and which will nail down that the content creators get compensated completely and comfortably, when their art work would be used. Tech news updates in India.
This aspect of Web3.0 is likely to change tracks of the internet and revenue would find tracks leading to content creators. Tech news updates in India.
This lone bearing of Web3 tends to change the whole financial dynamics as content would be monetised in India’s favour in the light of the fact that there are 700 active users from India. Tech news updates in India are useful to sail through. Tech news updates in India.
Finally, there are a fistful of challenges too that the Nasscom report gave prominence to and which should be flattened. The report terms us “critically hamstrung by prohibitive regulations leading to talent and funding exodus”. Tech news updates in India.
For instance the high tax rate levied on trading of digital assets and absence of any clear regulation charter. Trust us for useful tech news updates in India.
With Ai on our side, we can blow our efforts to massive lengths and can maximize achievements with minimal effort. Tech news updates in India.
Mr Satya Nadella, CEO Microsoft Inc, foresees a scenario where organizations and individuals would log more against the minimum effort. Tech news updates in India.
This is the power of Ai technology on the back of which, benefits are unzipped and skilled workforce would get a booster-shot of productivity and convenience. Tech news updates in India.
Mr Nadella disclosed, “Doing more with less, doesn’t mean working harder or longer. It means applying technology to amplify what you can do and ultimately what an organization can achieve amid today’s constraints”. Tech news updates in India.
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He admired Ai for sneaking into new avenues of creative designs, contents, coding and automation and such are more convenient now and he also put great worldly and wordy weight upon certain platforms that belong to “low code, no coder”.
In order to appear more branded, a very large number of professionals on popular occupational platform LinkedIn, chosen mega corporations Apple and Amazon as their employer and such bogus accounts have now been removed from here, as a part of gross clean-up.
The strength went to 600,000 who indicated such big corporate names and now, this number is cut in half in just a single day. Tech news updates in India.
A strong crackdown initiated by LinkedIn as such were termed fake and spam accounts which some would have thought huge job losses at such brands. Tech news updates in India to take you to the front. Tech news updates in India.
Jay Pinho, a developer at LinkedIn, is the first to notice the increasing heads at Apple and Amazon, for his role at the job also includes scheduling daily headcounts at big business houses.
He revealed to a cyber news website, “number of LinkedIn profiles claiming current roles at Amazon fell from roughly 1.25 million to 838,601 in just one day, a 33% drop”.
As per him, as on Oct 10, total number of those who claimed to work for Apple also dipped by 50%. Tech news updates in India.
Clearly, such were the fake accounts and the platform which originally meant for finding right jobs, first took notice of this discrepancy when the owner of Binance (a crypto currency exchange) took to twitter and shared, “LinkedIn has 7000 profiles of Binance employees, out of which only 50 or so are real”. He issued a warning to his followers to be careful of scammers.
LinkedIn, unfortunately, becomes the ground of deceptive financial games. Tech news updates in India.
Before the public media, it became mandatory for LinkedIn to appear clean on fake accounts and its spokesman Greg Snapper said,” We regularly take action to stop fake accounts on our platform and are constantly improving our systems to stop fakes before they come online. While this is an ongoing challenge given how bad actors continue to get more sophisticated, we do stop the vast majority of fraudulent activity we detect in our community- around 96% of fake accounts and 99.1% of spam and scams”.
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Satya Nadella Gets Padma Bhushan: Tech News Updates In India:
Microsoft CEO considers this an honour to get Padma Bhushan, the third-highest civilian award of India. Tech news updates in India to keep you ahead in the game.
Though his trip to India is scheduled in January, he has already bagged the award for distinguished service a week ago by our Consul General in San Francisco T. V. Nagendra Prasad. Premium technology is the game-changer therefore tech news updates in India.
He was sobered and said, “It’s an honour to receive a Padma Bhushan Award and to be recognized with so many extraordinary people. I am thankful to the President, PM and people of India and look forward to continuing to work with people across India to help them use technology to achieve more.”
On the critical role of digital technology in social empowerment, Nadella held a broad discussion with Prasad. Nadella added, “We are living in a period of historic economic, societal and technological change”.
“The next decade will be defined by digital technology. Indian industries and organizations of every size are turning to technology to help them do more with less, which will ultimately lead to greater innovation, agility and resilience”.