Today's Headlines - 04 August 2023
The crypto project WorldCoin
GS Paper - 3 (Economy)
A new cryptocurrency project called WorldCoin, from OpenAI CEO Sam Altman, has claimed over 2 million sign-ups across the world after its official launch on 24 July 2023. OpenAi was the company behind the AI chatbot ChatGPT.
What differentiates WorldCoin from many existing cryptocurrencies?
It is its use of biometrics. Its unique method of sign-up, involving scanning of irises, has rung alarm bells in countries such as France, Germany and Kenya.
India also has at least 17 sign-up locations – mostly at Delhi Metro stations in the NCR region and a few in Bengaluru. In comparison, the United States has 10 locations and Japan has three locations, according to the WorldCoin website.
What is WorldCoin?
The Worldcoin protocol is intended to be the world’s largest identity and financial public network, open to everyone regardless of their country, background or economic status.
WorldCoin wants to offer users an account that only “real humans” can get, through what it calls a “World ID”.
For this, a customer has to sign up and do in-person eyes scan at particular locations, where their irises would be scanned through a ball-like object called an ‘orb’.
Once the orb’s iris scan verifies the person is a real human, it creates a World ID for them.
The reasoning given here is that biometric data would help differentiate between humans and Artificial Intelligence systems and prevent duplication of IDs from the same person.
It can then be used as an ID in a variety of everyday applications – such as a cryptocurrency wallet – without revealing the user’s identity.
The project has three aspects: a World ID or a digital identity for “proving an individual’s unique personhood,” a Worldcoin token (WLD) that is its cryptocurrency, and a World App that enables “payment, purchases and transfers globally using digital assets and traditional currencies.”
It says that creating a World ID (through the orb scanning) is not essential for accessing the app or tokens. But it provides certain incentives for doing so.
Who owns WorldCoin?
San Francisco and Berlin-based company Tools for Humanity is behind WorldCoin. Altman is its Co-Founder and Alex Blania is its Co-Founder and CEO.
The company’s website simply states that it is a technology company that was built to ensure a “more just economic system”, and re-directs visitors to the WorldCoin website.
The Worldcoin can help address how the economy will be reshaped by generative AI technology.
#upsc #news #headline #crypto #project #worldcoin #economy #world #chatGPT #OpenAi #currencies #germany #kenya #delhimetro #US #japan #location #financial #worldID #human #intelligence #technology #visitors #humanity #berlin #francisco #CEO
The crypto project WorldCoin
GS Paper - 3 (Economy)
A new cryptocurrency project called WorldCoin, from OpenAI CEO Sam Altman, has claimed over 2 million sign-ups across the world after its official launch on 24 July 2023. OpenAi was the company behind the AI chatbot ChatGPT.
What differentiates WorldCoin from many existing cryptocurrencies?
It is its use of biometrics. Its unique method of sign-up, involving scanning of irises, has rung alarm bells in countries such as France, Germany and Kenya.
India also has at least 17 sign-up locations – mostly at Delhi Metro stations in the NCR region and a few in Bengaluru. In comparison, the United States has 10 locations and Japan has three locations, according to the WorldCoin website.
What is WorldCoin?
The Worldcoin protocol is intended to be the world’s largest identity and financial public network, open to everyone regardless of their country, background or economic status.
WorldCoin wants to offer users an account that only “real humans” can get, through what it calls a “World ID”.
For this, a customer has to sign up and do in-person eyes scan at particular locations, where their irises would be scanned through a ball-like object called an ‘orb’.
Once the orb’s iris scan verifies the person is a real human, it creates a World ID for them.
The reasoning given here is that biometric data would help differentiate between humans and Artificial Intelligence systems and prevent duplication of IDs from the same person.
It can then be used as an ID in a variety of everyday applications – such as a cryptocurrency wallet – without revealing the user’s identity.
The project has three aspects: a World ID or a digital identity for “proving an individual’s unique personhood,” a Worldcoin token (WLD) that is its cryptocurrency, and a World App that enables “payment, purchases and transfers globally using digital assets and traditional currencies.”
It says that creating a World ID (through the orb scanning) is not essential for accessing the app or tokens. But it provides certain incentives for doing so.
Who owns WorldCoin?
San Francisco and Berlin-based company Tools for Humanity is behind WorldCoin. Altman is its Co-Founder and Alex Blania is its Co-Founder and CEO.
The company’s website simply states that it is a technology company that was built to ensure a “more just economic system”, and re-directs visitors to the WorldCoin website.
The Worldcoin can help address how the economy will be reshaped by generative AI technology.
#upsc #news #headline #crypto #project #worldcoin #economy #world #chatGPT #OpenAi #currencies #germany #kenya #delhimetro #US #japan #location #financial #worldID #human #intelligence #technology #visitors #humanity #berlin #francisco #CEO
Today's Headlines - 07 August 2023
Satellite bus technology transfer to private firm
GS Paper- 3 (Space Technology)
ISRO said it has transferred the IMS-1 Satellite Bus Technology to Alpha Design Technologies Pvt. Ltd in a step towards enhancing private industry participation in the country's space sector. NewSpace India Limited (NSIL), the commercial arm of ISRO, facilitated the technology transfer through an agreement signed during an event held at the NSIL headquarters 2, the space agency said.
More about the News
The technology transfer documents were formally handed over by D Radhakrishnan, Chairman and Managing Director of NSIL to Col. H S Shankar (Retd.), Chairman and Managing Director of ADTL.
ADTL is one of the two private players identified to receive the transfer of this technology through Interest Exploratory Note (IEN) published by NSIL.
This transfer marks the beginning of satellite bus technologies developed by ISRO being transferred to private industries. Further, the PSLV is under productionisation by a consortium of industries.
ISRO has been enabling private players to develop space technologies by facilitating and extending the expertise thus ensuring both out-bound and in-bound approaches.
By transferring the IMS-1 technology to the private sector, ISRO/DoS (Department of Space) aims to bolster India's industrial growth in the space sector and foster technological self-reliance, it further said, adding the development opens up new avenues for private players to contribute to space research and exploration, in line with India's vision to expand its presence in the global space market.
About Satellite bus
The satellite bus, developed by ISRO's U R Rao Satellite Centre (URSC), is a versatile and efficient small satellite platform designed to facilitate low-cost access to space.
The bus serves as a dedicated vehicle for various payloads, enabling earth imaging, ocean and atmospheric studies, microwave remote sensing, and space science missions while ensuring a quick turnaround time for satellite launches.
The IMS-1 bus, weighing about 100 kg, accommodates a 30kg payload. Solar arrays generate 330W power with a raw bus voltage of 30-42 V, ISRO said, adding it offers a 3-axis stabilised with four reaction wheels with a 1 Newton thruster that provides +/- 0.1 degree pointing accuracy.
It is a forerunner for IMS-2 bus technology, capable of improved features, and IMS-1 bus is utilised in previous ISRO missions like IMS-1, Youthsat and Microsat-2D.
About ADTL
Alpha Design Technologies Pvt. Ltd (ADTL) is an aerospace and defence company, with expertise in engineering, manufacturing, and system integration.
It has been a key player in various projects related to defence, space and homeland security, contributing significantly to India's technological progress in these domains.
#upsc #news #headline #satellite #technology #ISRO #Alpha #NSIL #DrRadhkrishnan #IEN #documents #PSLV #space #global #URSC #earth #launches #solar #accuracy #IMS #engineering #aerospace #ADTL #defence
Satellite bus technology transfer to private firm
GS Paper- 3 (Space Technology)
ISRO said it has transferred the IMS-1 Satellite Bus Technology to Alpha Design Technologies Pvt. Ltd in a step towards enhancing private industry participation in the country's space sector. NewSpace India Limited (NSIL), the commercial arm of ISRO, facilitated the technology transfer through an agreement signed during an event held at the NSIL headquarters 2, the space agency said.
More about the News
The technology transfer documents were formally handed over by D Radhakrishnan, Chairman and Managing Director of NSIL to Col. H S Shankar (Retd.), Chairman and Managing Director of ADTL.
ADTL is one of the two private players identified to receive the transfer of this technology through Interest Exploratory Note (IEN) published by NSIL.
This transfer marks the beginning of satellite bus technologies developed by ISRO being transferred to private industries. Further, the PSLV is under productionisation by a consortium of industries.
ISRO has been enabling private players to develop space technologies by facilitating and extending the expertise thus ensuring both out-bound and in-bound approaches.
By transferring the IMS-1 technology to the private sector, ISRO/DoS (Department of Space) aims to bolster India's industrial growth in the space sector and foster technological self-reliance, it further said, adding the development opens up new avenues for private players to contribute to space research and exploration, in line with India's vision to expand its presence in the global space market.
About Satellite bus
The satellite bus, developed by ISRO's U R Rao Satellite Centre (URSC), is a versatile and efficient small satellite platform designed to facilitate low-cost access to space.
The bus serves as a dedicated vehicle for various payloads, enabling earth imaging, ocean and atmospheric studies, microwave remote sensing, and space science missions while ensuring a quick turnaround time for satellite launches.
The IMS-1 bus, weighing about 100 kg, accommodates a 30kg payload. Solar arrays generate 330W power with a raw bus voltage of 30-42 V, ISRO said, adding it offers a 3-axis stabilised with four reaction wheels with a 1 Newton thruster that provides +/- 0.1 degree pointing accuracy.
It is a forerunner for IMS-2 bus technology, capable of improved features, and IMS-1 bus is utilised in previous ISRO missions like IMS-1, Youthsat and Microsat-2D.
About ADTL
Alpha Design Technologies Pvt. Ltd (ADTL) is an aerospace and defence company, with expertise in engineering, manufacturing, and system integration.
It has been a key player in various projects related to defence, space and homeland security, contributing significantly to India's technological progress in these domains.
#upsc #news #headline #satellite #technology #ISRO #Alpha #NSIL #DrRadhkrishnan #IEN #documents #PSLV #space #global #URSC #earth #launches #solar #accuracy #IMS #engineering #aerospace #ADTL #defence