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It may be that “a few bad apples” got the ball rolling on what has turned into a massive international financial disaster. Or, it may be that a few bad apples got their names in lights, while the entire system conspired unwittingly in a spectacular collapse. Either way, the best expression of the problem might be to say that markets have stopped working, in part, because they have been comprehensively modified to stop working like markets. An open banking transparency network would reduce the motivation for wrongdoing and privilege more reliable sources of information, creating confidence and motivating sound market dynamics.
A hybrid super-computer has reached the astounding speed of 1,000 trillion calculations per second, termed a petaflop. The Roadrunner super-computer at Los Alamos National Laboratory operates on a conventional paradigm of computational mechanics — meaning it operates over semiconductors and established systems of computer circuitry, not quantum computing innovations or molecular processors.
As the world acclimates to digital technology, and its usefulness in everyday life becomes increasingly relevant to how we achieve a higher quality of life, higher quality of education, and more efficient means of deploying solutions to complex problems, the standard for securing data and ideas may shift from closed environments behind firewalls to a new open standard, where the commons guarantees provenance, and thereby, rights, when warranted.
Scientists have achieved the goal of creating a nano-scale “chemical brain” that can transmit instructions to multiple (at present as many as 16) molecular “machines” simultaneously. The new molecular processor means that nano-chemical computation may soon be possible, ushering in a new era in super-light, super-fast, more versatile computer processing capabilities and, by extension, robotics.
As the web moves into a more mature stage of its adolescence, the beginnings of an all-media platform, computing has begun to move to the “cloud” format. Cloudscape computing means that software, files, private accounts and processing power are dispersed over an extensive array of machines across the world.
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