A conversation with Timon Ruban, founder of Luminovo.ai.

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Tjark Friebe (left) from Vorwaerts in conversation with Timon Ruban from Luminovo.ai

Disclaimer: This article is based on a transcript of a recorded conversation.

Summary

  • In this conversation founder Timon Ruban gives insights on Luminovo’s first product, their company vision and what it means to become the electonic industry’s operating system.
  • Timon Ruban and Sebastian Schaal founded Luminovo.ai in 2017 as a machine learning consultancy. In 2020 they changed the company’s focus to build software that reduces the time it takes to bring products in the electronics industry from idea to life.
  • Luminovo was listed by Forbes among the Top 25 Machine Learning Startups to watch in 2020.


The Fintech Association of Hong Kong (FAHK) regularly organizes Blockchain meetups in Hong Kong to drive the growth of the community in one of the most important financial hubs. In the following my notes and impressions from the recent meetup (Feb 2019):

1. Hong Kong Blockchain Ecosystem Map

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FAHK’s Blockchain ecosystem map

In order to give a general overview of the Blockchain space in Hong Kong the FAHK created a map (for download) of companies that are active in the space.

FAHK also surveyed companies about their sentiment towards Blockchain and the crypto market. One result from this survey is that companies in Hong Kong currently see three main challenges for Blockchain: Legal regulation, Blockchain adoption, and technological development. …


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Entrepreneur and blockchain developer Farhan Shahid interviewed by Tjark Friebe (left)

How Farhan Shahid aims to use Blockchain technology to improve child labor conditions in Pakistan

When meeting Farhan Shahid to talk about his university blockchain project, I learned a lot about how blockchain technology can improve the process of renting an apartment in Germany in the first part of our interview.

But towards the end of our interview, we picked up on a topic that addresses a very different aspect of how blockchain can bring about change.

In order to give it the space it deserves, I decided to write this part II of my interview with Farhan. Let’s dive into it.

Tjark: Farhan, you’re not only a blockchain practitioner, but also with your background in Pakistan know the challenges developing countries face today. Is there a specific challenge to which you would like to apply blockchain to? …


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Entrepreneur and blockchain developer Farhan Shahid interviewed by Tjark Friebe (left)

Interview with Farhan Shahid Part I:

Blockchain technology has gone through an enormous hype-peak over the past year. The technology has been viewed as a general solution to most of the world’s problems.

However, few have gained hands-on experience and know how to apply blockchain to the right problems.

Thus, to gain a deeper understanding of how blockchain can be applied in practice, it is highly promising to talk to practitioners.

Let’s meet Farhan Shahid.

Tjark: Farhan, you’re one of few people who have built a working blockchain solution by combining different blockchain technologies. …


Part Two of a series on Blockchain & Smart Home: Ali Dorri

Empowering privacy-concerned users to control their data is key to drive Smart Home adoption. In this article, I would like to present a research paper I came across when trying to find a solution to privacy concerns in current Smart Home systems. Together with his colleagues from the University of New South Wales, Ali Dorri, Salil S. Kanhere, and Raja Jurdak published a paper called “Blockchain in Internet of Things: Challenges and Solutions” in 2016.

In their paper they outline a novel Blockchain architecture for a decentralized Smart Home system. Figure 1 presents an overview of this architecture. It consists of three parts: The Smart Home, the Overlay Network, and the Cloud Storage. …


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In order to understand new technological concepts, it always helps me to take a practical look at the technology itself. To better understand what it means to replace trusted middlemen — like a bank — in a blockchain network, I took a look at the Hyperledger Fabric framework.

To make this topic more digestible and visual, I decided to prepare a short video. If you have any comments or suggestions, please let me know. I’m looking forward to hear from you.

In my next video blog post, I will talk about how immutable the history of a private blockchain really is. Is it possible to alter transactions in the past?


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https://www.cryptokitties.co/

Buying a Crypto Kitty has become a major trend in the Ethereum Blockchain community. The game CryptoKitties has become a viral success by allowing people to buy a digital image of a kitten for as little as $12 to as much as $113.000+ dollars. Of course you need to pay in ether (ETH) to do so.

Why would people do that?

For once these kittens are quite cute to some. You can make up your own mind about this in the picture above.

Second, if you purchase a kitty on the Ethereum Blockchain you can be sure that this kitty with its unique characteristics (skin, background color, cool-down time, etc.) only exists once and belongs to you. No one can simply copy a digital kitten in the game or change the ownership without your consent. Not even the game development team. This is ensured because the whole game logic is written in smart contracts that live on the Ethereum Blockchain. …


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https://www.cryptokitties.co/

Buying a Crypto Kitty has become a major trend in the Ethereum Blockchain community. The game CryptoKitties has become a viral success by allowing people to buy a digital image of a kitten for as little as $12 to as much as $113.000+ dollars. Of course you need to pay in ether (ETH) to do so.

Why would people do that?

For once these kittens are quite cute to some. You can make up your own mind about this in the picture above.

Second, if you purchase a kitty on the Ethereum Blockchain you can be sure that this kitty with its unique characteristics (skin, background color, cool-down time, etc.) only exists once and belongs to you. No one can simply copy a digital kitten in the game or change the ownership without your consent. Not even the game development team. This is ensured because the whole game logic is written in smart contracts that live on the Ethereum Blockchain. …


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How can customers, suppliers, and competitors operating on a shared private blockchain network arrive at consensus about transactions? Why would they trust each other without a trusted middle-man? The consensus mechanisms used in Hyperledger Fabric provide some answers to these questions.

Unlike Bitcoin and Ethereum, Hyplerledger Fabric is a private permissioned blockchain framework for business use-cases. In such a blockchain a limited number of known nodes transact with each other. Often these nodes belong to companies with competing interests, such as suppliers and customers, or even competitors.

Recently such partners have started to form industry consortia in order to find out what blockchain technology can do for them. These consortia aim to save costs currently spent on trusted middle-men such as banks, clearing houses, or notaries. To cut those middle-men out, they want to process value transactions on a private permissioned blockchain. For more info why Hyperledger Fabric is considered a private permissioned blockchain, see here. For a short explanation video of how Hyperledger Fabric cuts out middle-men in practice, see here. …


How can companies that cannot share data on a public permissionless blockchain leverage blockchain advantages? The answer is: Hyperledger Fabric. In the following, I will dive into the Hyperledger blockchain project and explain how Hyperledger’s permissioning and access rights differ from Bitcoin and Ethereum.

In addition to Ethereum, another second generation blockchain implementation is Hyperledger Fabric. Having its roots in the Linux Foundation, the Hyperledger umbrella project is a large-scale open source project with the aim to

“create an enterprise grade, open source distributed ledger framework and code base, upon which users can build and run robust, industry-specific applications, platforms and hardware systems to support business transactions.” …

About

Tjark Friebe

enjoys learning about technology and new ideas.

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