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Blockchain study finds 0.00% success rate and vendors don't call back when asked for evidence

Where is your distributed ledger technology now?


Though Blockchain has been touted as the answer to everything, a study of 43 solutions advanced in the international development sector has found exactly no evidence of success.

Three practitioners including erstwhile blockchain enthusiast John Burg, a Fellow at the US Agency for International Development (USAID), looked at instances of the distributed crypto ledger being used in a wide range of situations by NGOs, contractors and agencies. But they drew a complete blank.

"We found a proliferation of press releases, white papers, and persuasively written articles," Burg et al wrote on Thursday. "However, we found no documentation or evidence of the results blockchain was purported to have achieved in these claims. We also did not find lessons learned or practical insights, as are available for other technologies in development."

Blockchain vendors were keen to puff the merits of the technology, but when the three asked for proof of success in the field, it all went very quiet.

IBM struggles to sign up shipping carriers to blockchain supply chain platform – reports

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"We fared no better when we reached out directly to several blockchain firms, via email, phone, and in person. Not one was willing to share data on program results, MERL [monitoring, evaluation, research and learning] processes, or adaptive management for potential scale-up. Despite all the hype about how blockchain will bring unheralded transparency to processes and operations in low-trust environments, the industry is itself opaque."

Burg was an enthusiastic advocate for blockchain until recently – as he explained in this Medium post.

"Blockchain is like a loom that can weave together multiple strands of separate things... into an integrated fabric where you can see what the data means and adjust resources in response," he swooned.

Blockchain has been wildly mis-sold, but underneath it is a database with performance and scalability issues and a lot of baggage. Any claim made for blockchain could be made for databases, or simply publishing contractual or transactional data gathered in another form.

Its adoption by non-technical advocates is faith-based, with vendors' and consultants' claims being taken at face value, as Eddie Hughes MP (Con, Walsall North) cheerfully confessed to the FT recently.

"I'm just a Brummie bloke who kept hearing about blockchain, read a bit about it, and thought: this is interesting stuff. So I came up with this idea: blockchain for Bloxwich," said Hughes.

As with every bubble, whether it's Tulip Mania or the Californian Gold Rush, most investors lose their shirts while a fortune is being made by associated services – the advisors and marketeers can bank their cash, even if there's no gold in the river.

For example, Fujitsu offers fast-track consulting services starting at £9,900 to tell you if blockchain is appropriate for your project (that's something we can confidently tell you for nothing: no, it isn't).

And the magic B-word enabled doomed tech quango Digital Catapult to conduct a Houdini-like escape.

Now that's magic.

A modest proposal

Perhaps technology consultancy and marketing should be as tightly regulated as financial consultancy, where mis-selling can (in theory) lead to a lifetime ban from the industry, something the US Securities and Exchange Commission can do for people who violate securities law, like Michael Milken.

Surely if you hype "blockchain" or "artificial intelligence" (this report details a 95 per cent failure rate at Monsanto) and it was never going to work well, surely that's indistinguishable from fraud. A graduated series of penalties ranging from a five-year ban to a lifetime ban could then be imposed. ®

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NFTs not annoying enough? Now they come with wallet-emptying malware

Plus rifle-toting robot dogs, but makers insist they're really dumb

In brief Whether or not non-fungible tokens are a flash in the pan or forever, malware operators have been keen to weaponise the technology.

An investigation was triggered after a number of cryptowallets belonging to customers of the largest NFT exchange OpenSea got mysteriously emptied. Researchers at security shop Check Point found a nasty form of NFT was in circulation, one that came with its own malware package.

People were receiving free NFTs from an unknown benefactor, but when they accepted the gift the attackers got access to their wallet information in OpenSea's storage systems. The code generated a pop-up, that if clicked, allowed wallets to be emptied.

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Bank manager tricked into handing $35m to scammers using fake 'deep voice' tech

Plus: Microsoft Translator machine learning software now supports over 100 languages

In brief Authorities in the United Arab Emirates have requested the US Department of Justice's help in probing a case involving a bank manager who was swindled into transferring $35m to criminals by someone using a fake AI-generated voice.

The employee received a call to move the company-owned funds by someone purporting to be a director from the business. He also previously saw emails that showed the company was planning to use the money for an acquisition, and had hired a lawyer to coordinate the process. When the sham director instructed him to transfer the money, he did so thinking it was a legitimate request.

But it was all a scam, according to US court documents reported by Forbes. The criminals used "deep voice technology to simulate the voice of the director," it said. Now officials from the UAE have asked the DoJ to hand over details of two US bank accounts, where over $400,000 from the stolen money were deposited.

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Amazon textbook rental service scammed for $1.5m

Michigan man arrested for borrowing costly textbooks and selling them

A 36-year-old man from Portage, Michigan, was arrested on Thursday for allegedly renting thousands of textbooks from Amazon and selling them rather than returning them.

Andrew Birge, US Attorney for the Western District of Michigan, said Geoffrey Mark Hays Talsma has been indicted on charges of mail and wire fraud, transporting stolen property across state lines, aggravated identity theft, and lying to the FBI.

Also indicted were three alleged co-conspirators: Gregory Mark Gleesing, 43, and Lovedeep Singh Dhanoa, 25, both from Portage, Michigan, and Paul Steven Larson, 32, from Kalamazoo, Michigan

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Computer scientists at University of Edinburgh contemplate courses without 'Alice' and 'Bob'

Academics advised to consider excluding certain terminology for the sake of inclusivity

A working group in the School of Informatics at the University of Edinburgh in Scotland has proposed a series of steps to "decolonize" the Informatics curriculum, which includes trying "to avoid using predominantly Western names such as Alice/Bob (as is common in the computer security literature)."

The names Alice and Bob were used to represent two users of a public key cryptography system, described in a 1978 paper by Ronald Rivest, Adi Shamir, and Leonard Adleman, "A Method for Obtaining Digital Signatures and Public-Key Cryptosystems." And since then, a variety of other mostly Western names like Eve – playing an eavesdropper intercepting communications – have been employed to illustrate computer security scenarios in related academic papers.

The School of Informatics' working group reflects the University of Edinburgh's commitment to diversity, equity, and inclusion and to meet specific obligations spelled out in Scottish regulations like the Equality Act 2010 and the Public Sector Equalities Duty.

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Toyota needs more than its Cheer Squad to deal with chip shortages, as five more home factories forced into idleness

Car makers facing increasingly tough times until supply catches up

Toyota said it would cut car production by up to 150,000 vehicles due to ongoing semiconductor shortages and restrictions associated with the COVID-19 pandemic.

The car maker is idling five factories in home country Japan on some days in November, which affects the production of popular models including Corolla and Camry.

Toyota started cutting production in August due to chip shortages and said, "we expect the shortage of semiconductors to continue in the long-term".

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Missouri governor demands prosecution of reporter for 'decoding HTML source code' and reporting a data breach

Salus populi suprema lex esto ... or perhaps not

A Missouri politician has been relentlessly mocked on Twitter after demanding the prosecution of a journalist who found and responsibly reported a vulnerability in a state website.

Mike Parson, governor of Missouri, described reporters for local newspaper the St Louis Post Dispatch (SLPD) as "hackers" after they discovered a web app for the state's Department of Elementary and Secondary Education was leaking teachers' private information.

Around 100,000 social security numbers were able to be exposed when the web app was loaded in a user's browser. The public-facing app was intended to be used by local schools to check teachers' professional registration status. So users could tell between different teachers of the same name, it would accept the last four digits of a teacher's social security number as a valid search string.

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Everyone who wants a smartphone for Chrimbo will get one, but in the real world things are somewhat different

Global handset market slips in Q3 on sliding chipset availability, says Canalys

Crippling component shortages caused smartphone shipments to dip in calendar Q3, though it was the also-rans, vendors outside of the top five biggest brands with the lowest economies of scale, that suffered most.

Preliminary results from Canalys show the market declined 6 per cent year-on-year. The analyst was not yet ready to make public the absolute shipment figures but a year ago sales into the channel were 348 million, so they look 20.9 million units lighter.

"The chipset famine has truly arrived," said Ben Stanton, principal analyst. "On the supply side, chipset manufacturers are increasing prices to disincentivize over-ordering, in an attempt to close the gap between supply and demand. But despite this, shortages will last until well into 2022."

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Windows terminates here. Please remember to finish setting it up on arrival

Washington Metro admin has taken an early lunch

Bork!Bork!Bork! It's a whole new world for bork today as a Washington Metro platform indicator suggests an alternative to the usual train for weary commuters. How about getting a bit more out of Windows?

This is a suggestion that everyone wants to see while waiting for a Yellow Line train at Washington Metro's Huntington Station (located, helpfully, on Huntington Avenue in the Huntington Area).

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Boeing 737 Max chief technical pilot charged with deceiving US aviation regulators over MCAS

He hasn't got $2.5bn to hand to the DoJ, unlike his bosses

A Boeing 737 Max test pilot has been charged with obstructing US aviation safety regulators, according to the US Department of Justice, and faces up to 20 years in prison if convicted.

Former 737 Max chief technical pilot Mark Forkner, 49, of Texas, has been charged with "deceiving the Federal Aviation Administration's Aircraft Evaluation Group" (AEG) and committing fraud by misleading Boeing's airline customers into believing the 737 Max was a safe aircraft.

"Forkner allegedly abused his position of trust by intentionally withholding critical information about MCAS during the FAA evaluation and certification of the 737 MAX and from Boeing's US-based airline customers," said Assistant Attorney General Kenneth A Polite Jr of the Justice Department's Criminal Division in a statement.

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Keep expectations low and you won't be disappointed: OVH manages 6 per cent increase on its IPO debut

French cloud provider puts outage and fire behind it to focus on beating the big players

French cloud and colocation service provider OVH has edged a 6 per cent increase in its nominal market valuation following its initial public offering on the Euronext Paris stock exchange.

The Gallic tech challenger, viewed by some as the great cloud hope for Europe, has faced its fair share of challenges this year, having seen fire engulf its Strasbourg operations on 10 March.

But the European IPO proved hot in other ways, with shares up to around €19.70, well on track with the launch price range of €18.50-€20.

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Space boffins: Exoplanet survived hydrogen-death of its host star

Hope extended to gas giants across the universe... well, it is Friday

Those of us fatalistically counting down the minutes until the Earth is engulfed by the dying embers of the Sun in approximately 5 billion years might be offered a glimmer of hope by the news that planets – or at least gas giants – can survive the collapse of their host star.

Joshua Blackman, a postdoctoral researcher at Australia's University of Tasmania, and his colleagues have found evidence of a Jupiter-like planet orbiting a white dwarf star somewhere outside the Solar System off in the Milky Way.

It is the first time scientific evidence of a planet surviving a star's collapse has been presented, although theoretical models predicted it is possible, according to a study published in Nature.

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