The data week in review #18 – DIA Insights

Had a tough time keeping up with the news over the weekend? No worries, we’re here to make the past week of open-source, financial data and blockchain a bit more digestible.

Banks, fintech startups clash over ‘the new oil’ — your data

by Politico [LINK]

• Financial technology companies argue that giving banks a tight grip over the flow of information will allow the big lenders to snuff out new competitors
• “Data is the new oil,” said Linda Jeng, a senior fellow at the Georgetown Institute of International Economic Law and a former Federal Reserve official. “If you have access to data, then you have the ingredients to build better services.”

Federated machine learning: The road to decentralised data collaboration

by ITProPortal [LINK]

• The sensitive nature of the data used in deep learning projects — including financial data — requires organisations to go to great lengths to keep information private and secure
• In this approach, the data aren’t moved at all. Contrary to previous techniques, compute actually “moves to the data.”

EOS Pursuing Compatibility With Ethereum Smart Contracts

by Crypto Briefing [LINK]

• The challenge requires contestants to “create an EOSIO smart contract that stores and invokes EVM (Solidity) Smart Contracts in a virtual Ethereum-like environment
• If EOS manages to attract DApp developers away from other blockchains, the accomplishment would help it close in on Ethereum’s app count

Bitcoin Smart Contract Platform RSK Is Now Interoperable with Ethereum

by Crypto.IQ [LINK]

• Users will now be able to cross RSK assets and Ethereum (ETH) based assets
• This interoperability bridge between Bitcoin and Ethereum has the potential to expand the capabilities of dApps, and the coins economies more connected

Aiven raises $40M to democratize access to open-source projects through managed cloud services

by TechCrunch [LINK]

• Behind the facade of open source’s popularity lies another kind of truth: Companies may be interested in using more open-source technology, but not all of them have the time, money and expertise to adopt it
• Aiven provides managed, cloud-based services designed to make it easier for businesses to build services on top of open-source projects