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How Smart Contracts Work

Blockchain technology could run a flight-insurance business without any employees

1 min read
Illustration: Greg Mably
Illustration: Greg Mably

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Smart contracts are software programs that live on a blockchain and form the basis of many of the new blockchain applications and schemes. They are essentially automated systems that can provide services in exchange for cryptocurrency. However, because blockchains are not good for storing large amounts of data nor for querying the state of the outside world, they need services that exist off the blockchain to do those things for them. In this example, an automated flight-insurance smart contract uses an “oracle” to look up data about flight delays.

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Artificial Synapses 10,000x Faster Than Real Thing

New protonic programmable resistors may help speed learning in deep neural networks

3 min read
Conceptual illustration shows a brain shape made of circuits on a multilayered chip structure.
Ella Maru Studio and Murat Onen

New artificial versions of the neurons and synapses in the human brain are up to 1,000 times smaller than neurons and at least 10,000 times faster than biological synapses, a study now finds.

These new devices may help improve the speed at which the increasingly common and powerful artificial intelligence systems known as deep neural networks learn, researchers say.

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Amazon to Acquire iRobot F​or $1.7 Billion

The deal will give the e-retail behemoth even more access to our homes

4 min read
A photo of an iRobot Roomba with an Amazon logo digitally added to it
Photo-illustration: iStockphoto/Amazon/IEEE Spectrum

This morning, Amazon and iRobot announced “a definitive merger agreement under which Amazon will acquire iRobot” for US $1.7 billion. The announcement was a surprise, to put it mildly, and we’ve barely had a chance to digest the news. But taking a look at what’s already known can still yield initial (if incomplete) answers as to why Amazon and iRobot want to team up—and whether the merger seems like a good idea.

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Harnessing the Power of Innovation Intelligence

Through case studies and data visualizations, this webinar will show you how to leverage IP and scientific data analytics to identify emerging business opportunities

1 min read
Clarivate
Clarivate

Business and R&D leaders have to make consequential strategic decisions every day in a global marketplace that continues to get more interconnected and complex. Luckily, the job can be more manageable and efficient by leveraging IP and scientific data analytics. Register for this free webinar now!

Join us for the webinar, Harnessing the power of innovation intelligence, to hear Clarivate experts discuss how analyzing IP data, together with scientific content and industry-specific data, can provide organization-wide situational awareness and reveal valuable business insights.

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