THE DAILY ROUNDUP – Thursday

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SoftBank’s first bet in energy storage is a startup that stacks concrete blocks

SoftBank’s Vision Fund is investing $110 million in the Swiss startup Energy Vault, which stores energy in stacked concrete blocks. Quartz was the first to report on the startup when it came out of stealth mode last year. Two things make this investment unprecedented. First, it’s an unusually large sum for a company that hasn’t even existed for two years or built a…


A bold move by China:  Release of its own Cryptocurrency

People’s Bank of China, China’s Central Bank is very close to release its own Cryptocurrency. Mu Changchun, Deputy Director PBOC said the Institution is working on the currency since last five years. Now Virtual currency is almost ready to release.PBOC would launch its cryptocurrency through a two-tier system. Under the system, PBOC and other commercial banks…


Managing Technology for the Post-Digital Era

Businesses are adopting digital technologies at an unprecedented pace, with spending on digital transformation expected to reach a staggering $1.25 trillion in 2019. As a result of these efforts, digital technologies are increasingly powering core business operations. In fact, 79% of the more than 6,600 business and IT executives worldwide that Accenture surveyed…


The Singapore firm using blockchain tech to build a smart city

Singaporean startup Limestone Network is looking to transform the face of Southeast Asia by building smart cities powered by blockchain technology – starting with an ambitious 100-hectare mixed-use development project in the heart of the Cambodian capital, Phnom Penh. Spanning residential homes, office buildings, shopping malls, schools, and a massive exhibition…


World’s largest tidal turbine to be built in Scotland

The main manufacturing contract for what has been described as the world’s most powerful tidal turbine has been awarded to the Aberdeen-based Texo Group. Orbital Marine Power said the award of the contract marked the start of “major construction” on the Orbital O2 tidal stream turbine. Texo’s work would start this year at its quayside base in the city…


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