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Weekly News Update | April 25 , 2019

By: Joy Xie and Hollis Kuang

April 25, 2019

Asia-Pacific Youth Shaping the Future of Blockchain

[ News and Trend of the Week ]

Encapsulating 60% of the world’s youth, the Asia-Pacific is poised in a unique position to lead the blockchain revolution in the coming decades. With a burgeoning youth open to adopting and embracing new technologies, the already huge cryptocurrency industry in the Asia-Pacific still has immense potential for further growth.

Governments like Thailand and Singapore are also pushing initiatives to invest in cryptocurrencies while also implementing public institutions to regulate and promote it. With this, numerous jobs have been created in the industry, expected to stimulate the economy to create further interest in the industry.

Startups Driving Logistical Efficiency in India

[ Social Innovations ]

As India’s economy continues its unprecedented growth, a large question has arisen regarding how efficiently India is using its resources. Recently, startups in India have looked to enter this untapped market to make operations more efficient and lead India’s logistic revolution.

Startups like Rivigo have raised interested and huge funds from investors, hoping to use current technology to revitalize and bolster an industry which has long suffered from inefficiencies. The hope is that with a logistics revolution, the Indian economy will allow follow suit and experience even greater growth.

Altnews is Fact Checking India's Sprawling "Fake News"

[ Social Innovations ]

Finding the quick and pervasive spread of misinformation through social media with sites like WhatsApp to be troubling, Pratik Sinha founded Altnews back in 2017 to fact check circulating news. He saw a widespread lynchings of supposed child-abductors after unsubstantiated news circled through Whatsapp in late 2017, especially in rural areas. Sinha worked together with the anonymous administrator of Unofficial: "Subramanian Swamy” on Twitter to get this method of correcting fake news to a wider view base on an independent online platform. They are now working with the government to have a larger impact.

China’s Large Role in the Technology Market

[ Tech ]

David Aikman, China’s chief representative, and an executive member of the World Economic Forum explains how China is a major player in the fourth Industrial Revolution.

The new leaps in advancement are all based around technology and an explosion of data which can spell out numerous benefits and many risks. Currently, half of China’s population does not have internet, so the country is expanding its technology base to its second largest economy: the Guangdong-Hong Kong Bay area. In doing so, there should be huge growth for China in the years to come.

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