The future of work could soon see the ability for manufacturing blue-collar workers to carry out tasks remotely by wirelessly controlling machines in their real-life factory space. Researchers at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) have developed a system that uses an Oculus Rift Virtual Reality headset and...
Whether it is apartment rentals or boating, Denmark has come around to see the potential of the sharing economy and wants to regulate its use. The country has had some rough-going with the sharing economy, but now it seems a potential for economic growth. Its attitude seems to be, if you can't beat 'em, then regulate 'em. The Danish government...
Sweden already leads the world in using noncash methods of payment and, according to a new study, could well become the world's first cashless society in just five years from now. Last year, only a meager 1 percent of the value of all payments was made using coins or notes in Sweden. The smooth transition toward a totally cashless society could...
Dubai Land Department (DLD) has created a Blockchain system using a smart and secure database that records all real estate contracts, and links them with the Dubai Electricity & Water Authority (DEWA), the telecommunications system, and various property related bills. The blockchain-powered real estate platform allows tenants to make...
Muscovites could soon pay for their metro rides with a ring expected to go on sale later this month, its developer told the Govorit Moskva news agency on Tuesday. The Moscow-based PayRing company brands its product as a contactless bank card in the form of a ring. A company employee said deliveries would start in late October. A spokesperson...
Big-name corporations still rank high on the lists of first-time job seekers, but young people in Thailand have begun to follow the worldwide trend of working for start-up firms that rely on technologies and the opportunities that come with them. The situation signals significant changes in the economy from the smallest to the biggest levels....
Poland is lowering its retirement age, a costly election promise by the ruling conservatives which goes against a European trend of gradually increasing the pension age as people live longer and stay more healthy. Lowering the age to 60 for women and 65 for men is popular in particular among supporters of the governing right-wing Law and...
Barclays Plc, a London-based bank, has installed devices that track how often bankers are at their desks. Managers were peppered with queries when investment bank staff in London discovered black boxes stuck to the underside of their desks in recent months, according to several Barclays employees who asked not to be identified speaking about...
Delixi Electric, a manufacturer of low-voltage electrical products, is banking on robotics to trim time needed for tax invoice issuance by 75 per cent. The Zhejiang province-based company needs to issue more than 5,000 value-added-tax invoices to more than 600 clients nationwide monthly. A human needs 20 minutes to issue each invoice, which...
Finger print payments are already used widely at stores in Poland, Turkey and Japan. Now a UK supermarket has become the first in the world to let shoppers pay for groceries using just the veins in their fingertips, a more secure technology. Customers at the Costcutter store, at Brunel University in London, can now pay using their unique vein...